. FINAL ESSAY - write a one page essay at the end of the quarter in the form of a letter to a friend that summarizes the main results of the class, what prerequisites are really important, what key ideas and concepts should be learned cold and how in general to do well in the class (Electrical Circuit Analysis I)

( B ) : In each quarter of every year, the maximum capacity of the "MBA

Co." is 4000 hours available for sorting and re-packing two sorts of imported apples in special boxes where each box contains only one ton of either the red or the yellow apples. The monthly common committed fixed costs of the company is L.E. 100000, and the following estimates are presented in relation to the coming quarter which will start July 1, 2015 :-

eqrequired :

Use appropriate traditional managerial accounting marginal analysis techniques to determine the optimal imports mix the   company should consider for the third quarter of 2015, then prepare this quarter's expected detailed income statement.

An investment is expected to earn you $100 at the beginning of each quarter for the next 4 years starting today. If the appropriate discount rate is 8.0%, how much is this investment worth today? Round to the nearest cent. (this is an annuity due)

Suppose you are an accountant for a large retail company. At the end of the quarter, the General Manager (GM) tells you: “Our sales are slightly below forecast and we will not make our bonus this quarter. However, I noticed that we got a lot of cash from selling gift cards. I also noticed that this cash is not included in our quarterly sales revenue. Can you include it, so that our reported sales meet the forecast and we get paid our bonus?”

a. How would you explain to the GM why the cash received for gift cards should or should not be included in your reported sales revenue?

b. What would the ethical issues be with reporting the cash received for gift cards as sales revenue?

c. How would you react to the GM’s request? Specifically, would you report the cash received for gift cards as sales revenue or not?

A cylindrical wire is bent into the shape of the quarter circle C given by ? = ? ???(?) , ? = ? ???(?) , ? = ?, for 0 ≤ ? ≤ ?/2. The density function is ?(?, ?, ?) = ?? ? . Determine the mass and center of mass of the wire.

Velvetleaf is a particularly annoying weed in corn fields. It produces lots of seeds, and the seeds wait in the soil for years until conditions are right. The velvetleaf seed beetle feeds on the seeds and might be a natural weed control. Here are the total seeds, seeds infected by the beetle, and percent of seeds infected for 28 velvetleaf plants:

In R, do a complete analysis of the percent of seeds infected by the beetle.
#R Code

hist(Percent)
mean(Percent)
sd(Percent)
t.test(Percent, mu = 5.0, conf.level = 0.90)

Researchers would like to test whether the average percent of seeds infected is different than 5 percent. What is the null and alternative hypothesis for this test?

H₀: μ = 5 percent

H_a: μ ≠ 5 percent

H₀: μ > 5 percent

H_a: μ < 5 percent

H₀: p = 5 percent

H_a:p ≠ 5 percent

H₀: μ < 5 percent

H_a: μ = 5 percent

H₀: p ≠ 5 percent

H_a: p = 5 percent

What is the average and standard deviation for the percent of seeds that are infected? (Round your answers to four decimal places.)

According to the R output, the test statistic and p-value are: (Round your answers to four decimal places.)

Given a significance level of 0.10. What can we conclude from the hypothesis test?

Reject the null hypothesis.Fail to reject the null hypothesis.     

Include a 90% confidence interval for the mean percent infected in the population of all velvetleaf plants. (Round your answers to two decimal places.)
% to  %

Do you think that the beetle is very helpful in controlling the weed?

The beetle infects more than 5% of seeds, so it is likely to be effective in controlling velvetweed.The beetle infects more than 15% of seeds, so it is likely to be effective in controlling velvetweed.    The beetle infects less than 15% of seeds, so it is unlikely to be effective in controlling velvetweed.The beetle infects less than 5% of seeds, so it is unlikely to be effective in controlling velvetweed.

• Show My Work

  (Optional)

In September 2017 you joined Adams Shoes, Inc. as the assistant to Mark Barrymore, the Budget Director of the company. Towards the end of December 2017 Mark asked you to prepare a cash budget for 2018. As he explained, he was going to use this cash budget to appraise the company’s short-term financing needs for 2018 so the company can make arrangements with its bank, First Federal Bank, to secure the necessary funds. Mark indicated to you that the firm’s Treasurer was planning to meet with First Federal Bank’s loan officer on December 30, 2017 to request a line of credit. To facilitate your task, Mark provided an abundance of valuable information for what he referred to as the “most likely scenario.” Adams Shoes sells its products (dress and casual shoes, sport shoes, work boots, and accessories) in the U.S. and abroad. Upon Mark’s request, the firm’s marketing department has supplied the following sales figures:

The sales for the last two months of 2017 are actual sales; the sales for 2018 and 2019 are estimates. Mark also indicated to you that Adams Shoes gives a two percent discount if payment is made within the month of sale; otherwise, payment in full is due in the month following the month of the sale. For example, if a $2,000 sale is made on January 5, payment will be $1,960 for customers who pay in the month of January but customers who pay in the month of February must pay the full $2,000. Nevertheless, company records show that three percent of the sales are never collected (i.e., three percent of the customers do not pay for their purchases) while the balance is collected as follows: 25 percent of the firm’s customers take the discount, 65 percent pay within the month following the month of the sale, while the remaining 10 percent “stretch the credit” and pay in full two months after the month of the sale. Furthermore, Mark pointed out that production of goods starts two months before the anticipated date of sale. Production is based on the expected (or estimated) sales posted above, meaning that all production expenses are set by contract at the start of the one year forecast period. As a result, Adams Shoes will not be able to adjust its production costs downward during the planning period even if sales turn out to be below the forecasted levels. Variable production costs consist of labor and raw materials. Labor costs are 40 percent of expected sales; 45 percent of the labor costs are paid two months prior to the sale and 55 percent one month before the sale. Raw materials are 35 percent of forecasted sales. Adams Shoes buys the raw materials two months before the sale of the finished goods; however, it pays 60 percent of the raw materials cost one month after their purchase and the remaining 40 percent in the month following the sale of the finished goods. Regarding the firm’s other costs Mark explained that in 2018 Adams Shoes expects its fixed costs to be $25,000 a month, its selling, general and administrative expenses to be $70,000 a month, and its miscellaneous expenses to be $35,000 a month. In addition, 2018 Federal and state income tax payments of $150,000 must be made in March and September. Also, the company plans to buy a $500,000 piece of equipment in November of 2018. Depreciation of the existing fixed assets of Adams Shoes is expected to amount to $100,000 per month in 2018. On the financing side, Adams Shoes has an outstanding bank loan of $1,500,000 with an annual interest rate of five percent; interest for 2018 is scheduled to be paid semiannually in June and December. Adams Shoes also has one million shares of common stock outstanding and in 2018 it expects to pay a $.10 quarterly dividend per share in March, June, September, and December. However, Mark explained that Adams Shoes owns shares of preferred stock in some blue chip companies and expects to collect a quarterly amount of $75,000 of preferred dividends in March, June, September, and December 2018. Finally, Mark explained to you that Adams Shoes requires a minimum cash balance of $200,000 at all times; this amount will be on hand on January 1, 2018. Adams Shoes deposits any surplus funds, in a savings account at First Federal Bank which pays an annual interest rate of one percent; assume that money in this savings account at the first of a month will earn interest for the full month. Nevertheless, if the company needs to borrow funds, First Federal Bank has agreed to provide the funds at a three percent annual interest rate; assume that Adams Shoes will pay interest for the full month on any short-term debt outstanding at the beginning of a month.

Given all the above information, Mark asked you to:

For the above “most likely scenario” construct the 2018 cash budget and financial plan for Adams Shoes. (Note: Explain in detail your calculations for June 2018 for the cash budget and for February 2018 for the financial plan.)

Explain how large of a line of credit Mark would recommend the Treasurer of Adams Shoes requests from First Federal Bank.

All else the same, determine the impact a 5 percent shortfall of actual sales below expected sales will have on your “most likely scenario” findings.

In September 2017 you joined Adams Shoes, Inc. as the assistant to Mark Barrymore, the Budget Director of the company. Towards the end of December 2017 Mark asked you to prepare a cash budget for 2018. As he explained, he was going to use this cash budget to appraise the company’s short-term financing needs for 2018 so the company can make arrangements with its bank, First Federal Bank, to secure the necessary funds. Mark indicated to you that the firm’s Treasurer was planning to meet with First Federal Bank’s loan officer on December 30, 2017 to request a line of credit. To facilitate your task, Mark provided an abundance of valuable information for what he referred to as the “most likely scenario.” Adams Shoes sells its products (dress and casual shoes, sport shoes, work boots, and accessories) in the U.S. and abroad. Upon Mark’s request, the firm’s marketing department has supplied the following sales figures:

The sales for the last two months of 2017 are actual sales; the sales for 2018 and 2019 are estimates. Mark also indicated to you that Adams Shoes gives a two percent discount if payment is made within the month of sale; otherwise, payment in full is due in the month following the month of the sale. For example, if a $2,000 sale is made on January 5, payment will be $1,960 for customers who pay in the month of January but customers who pay in the month of February must pay the full $2,000. Nevertheless, company records show that three percent of the sales are never collected (i.e., three percent of the customers do not pay for their purchases) while the balance is collected as follows: 25 percent of the firm’s customers take the discount, 65 percent pay within the month following the month of the sale, while the remaining 10 percent “stretch the credit” and pay in full two months after the month of the sale. Furthermore, Mark pointed out that production of goods starts two months before the anticipated date of sale. Production is based on the expected (or estimated) sales posted above, meaning that all production expenses are set by contract at the start of the one year forecast period. As a result, Adams Shoes will not be able to adjust its production costs downward during the planning period even if sales turn out to be below the forecasted levels. Variable production costs consist of labor and raw materials. Labor costs are 40 percent of expected sales; 45 percent of the labor costs are paid two months prior to the sale and 55 percent one month before the sale. Raw materials are 35 percent of forecasted sales. Adams Shoes buys the raw materials two months before the sale of the finished goods; however, it pays 60 percent of the raw materials cost one month after their purchase and the remaining 40 percent in the month following the sale of the finished goods. Regarding the firm’s other costs Mark explained that in 2018 Adams Shoes expects its fixed costs to be $25,000 a month, its selling, general and administrative expenses to be $70,000 a month, and its miscellaneous expenses to be $35,000 a month. In addition, 2018 Federal and state income tax payments of $150,000 must be made in March and September. Also, the company plans to buy a $500,000 piece of equipment in November of 2018. Depreciation of the existing fixed assets of Adams Shoes is expected to amount to $100,000 per month in 2018. On the financing side, Adams Shoes has an outstanding bank loan of $1,500,000 with an annual interest rate of five percent; interest for 2018 is scheduled to be paid semiannually in June and December. Adams Shoes also has one million shares of common stock outstanding and in 2018 it expects to pay a $.10 quarterly dividend per share in March, June, September, and December. However, Mark explained that Adams Shoes owns shares of preferred stock in some blue chip companies and expects to collect a quarterly amount of $75,000 of preferred dividends in March, June, September, and December 2018. Finally, Mark explained to you that Adams Shoes requires a minimum cash balance of $200,000 at all times; this amount will be on hand on January 1, 2018. Adams Shoes deposits any surplus funds, in a savings account at First Federal Bank which pays an annual interest rate of one percent; assume that money in this savings account at the first of a month will earn interest for the full month. Nevertheless, if the company needs to borrow funds, First Federal Bank has agreed to provide the funds at a three percent annual interest rate; assume that Adams Shoes will pay interest for the full month on any short-term debt outstanding at the beginning of a month.

Given all the above information, Mark asked you to:

For the above “most likely scenario” construct the 2018 cash budget and financial plan for Adams Shoes. (Note: Explain in detail your calculations for June 2018 for the cash budget and for February 2018 for the financial plan.)

Explain how large of a line of credit Mark would recommend the Treasurer of Adams Shoes requests from First Federal Bank.

All else the same, determine the impact a 5 percent shortfall of actual sales below expected sales will have on your “most likely scenario” findings.

Q: If the company needs a minimum cash balance of $25,000 to start each month, can the loan be repaid as planned? Please explain.

The McClain Corp. is a distributor of hair care products and is ready to start the third quarter, in which its peak sales occur. The company has requested a $ 75,000, 90-day loan from its bank to help them meet their cash requirements for the third quarter. Because McClain Corp has experienced difficulty in paying off their loans in previous years, the loan officer has requested the company to prepare a cash budget for the third quarter.

The following data has been gathered by the staff.

1. On July 1, 20X9, the beginning of the third quarter, the company will have a cash balance of $ 51,000.
2. Actual sales for the last 2 months and budgeted sales for the third quarter (all sales are on account).

Past experience shows that 25% of a month's sales are collected in the month of sale, 70% in the month following the sale, and 2% in the second month following the sale. The remainder is uncollectible.

3. Budgeted merchandise purchases and budgeted expenses for the third quarter are provided below.

Merchandise purchases are paid in full during the month following purchase. The accounts payable for merchandise purchases on June 30, which will be paid during the month of July, total $165,000.

4. The company will purchase equipment for the month of July, which is expected to cost $20,000, and it will be paid during the month of July.
5. In preparing the cash budget, assume that the $75,000 loan will be made in July and repaid in September. Interest on the loan will be $3,500.