Case 1 – Cost-Volume-Profit Analysis

Janet Jennings is the general manager for Mercashoe Store. She is currently working on a major promotional campaign. Her ideas include the installation of a new lighting system and increased display space that will add $24,000 in fixed costs to the existing fixed costs. In addition, Janet is proposing a 5% price decrease ($40 to $38) that will produce a 20% increase in sales volume (20,000 to 24,000). Variable costs will remain at $24 per pair of shoes. Management is impressed with Janet’s ideas but concerned about the effects theses changes will have on the break-even point and the margin of safety.

Information provided:

A. Rental expenses for the store: $5,000 per month.

B. Janet has a salary assigned of $60,000 per year.

C. The store has a sales manager who earns $45,000 per year.

D. There are three salesclerks who have a salary assigned of $25,000 each per year.

E. Social security expenses for each the employees represent 30% of their salary.

F. Utilities expense: $600 per month.

Instructions:

1. Compute the current break-even point in units and compare it to the break-even point in units if Janet’s ideas are implemented.

2. Compute the contribution margin ratio under current operations and after Janet’s changes are introduced. (Round to the nearest full percent).

3. Compute the margin of safety under the two proposals.

4. What is the operating income under each scenario?

5. Prepare a CVP (Cost-Volume-Profit) income statement for current operations and after Janet’s changes are introduced.

6. Prepare a Cost-Volume-Profit graph under the two scenarios.

7. Prepare a report explaining and justifying whether Janet’s changes should be adopted or not and provide suggestions supported by the information provided above. Show your work in Word of Excel

The College of Business has been having trouble with errors on student admittance records and you have been asked to investigate the cause of the problem. A form is considered defective if it has one or more errors. You think you have found one of the main reasons for the errors but in order to prove it, you decide to develop a process control chart to follow the current process for a few days. On the next three days, you collect 15 samples of 25 forms each and observe the following number of forms with errors on them:

A.) Develop the appropriate process control chart(s) using 3 sigma control limits.

B.) You follow the process for two more days, obtain results similar to that shown above, and correct any special causes that may exist. In an effort to improve the process, you make some changes and after the changes are made, collect five more samples of 25 forms each. The number of defects found is shown below:

**Plot and label these five observations on the same control chart(s) developed in part A. What comments can be made about the process now? Should any changes be made to the old control chart(s) given the new evidence? If so, describe the changes that should be made and explain why. If not, explain why not?**

Problem 5-5A a-c (Video)

Mary Willis is the advertising manager for Bargain Shoe Store. She is currently working on a major promotional campaign. Her ideas include the installation of a new lighting system and increased display space that will add $24,000 in fixed costs to the $270,000 currently spent. In addition, Mary is proposing that a 5% price decrease ($40 to $38) will produce a 20% increase in sales volume (20,000 to 24,000). Variable costs will remain at $24 per pair of shoes. Management is impressed with Mary’s ideas but concerned about the effects that these changes will have on the break-even point and the margin of safety.

Compute the current break-even point in units, and compare it to the break-even point in units if Mary’s ideas are used.

Current break-even point pairs of shoes

New break-even point pairs of shoes

Compute the margin of safety ratio for current operations and after Mary’s changes are introduced. (Round answers to 0 decimal places, e.g. 15%.)

Current margin of safety ratio %

New margin of safety ratio %

Prepare a CVP income statement for current operations and after Mary’s changes are introduced.

BARGAIN SHOE STORE
CVP Income Statement

Current

New

Administrative ExpensesContribution MarginCost of Goods SoldFixed ExpensesGross ProfitNet Income/(Loss)SalesSelling ExpensesVariable Expenses

$

$

Administrative ExpensesContribution MarginCost of Goods SoldFixed ExpensesGross ProfitNet Income/(Loss)SalesSelling ExpensesVariable Expenses

Administrative ExpensesContribution MarginCost of Goods SoldFixed ExpensesGross ProfitNet Income/(Loss)SalesSelling ExpensesVariable Expenses

Administrative ExpensesContribution MarginCost of Goods SoldFixed ExpensesGross ProfitNet Income/(Loss)SalesSelling ExpensesVariable Expenses

Administrative ExpensesContribution MarginCost of Goods SoldFixed ExpensesGross ProfitNet Income/(Loss)SalesSelling ExpensesVariable Expenses

$

$

Would you make the changes suggested?

• swapArrayEnds(int[] nums): swaps the first and last elements of its array parameter. Ex: {10, 20, 30, 40} becomes {40, 20, 30, 10}.
• removeTen(int[] nums): returns a version of the given array where all the 10's have been removed. The remaining elements should shift left towards the start of the array as needed, and the empty spaces at the end of the array should be set to 0. Ex: {1, 10, 10, 2} yields {1, 2, 0, 0}. You can make a new array and return the new array.

Note that swapArrayEnds() does not need to return the result, as it makes changes to the array referenced by the parameter, which is the same array reference by the argument. On the other hand, removeTen() does not direct make changes to the array, but creates a new array, which requires to be made.

• Java passes parameter by value, a method cannot change the actual argument. However, a method can make changes to the object that is referenced by the argument.
• If a method changes the array's contents, the method usually has a void return type.
• If the method does not change the array's contents, but create a new array, then the method needs to return the newly created array.

public class RemoveTen {
public static void main(String[] args) {
int[] nums = {1, 10, 10, 2};
  
swapArrayEnds(nums);

for(int i = 0; i < nums.length; i++)
System.out.print(nums[i] + " ");

int[] result = removeTen(nums);
  
for(int i = 0; i < result.length; i++)
System.out.print(result[i] + " ");
System.out.println();

for(int i = 0; i < nums.length; i++)
System.out.print(nums[i] + " ");
System.out.println();
}

public static void swapArrayEnds(int[] nums) {
/*FIXME Complete the implementation of the swapArrayEnds method*/
  
}

public static int[] removeTen(int[] nums) {
/*FIXME Complete the implementation of the removeTen method*/
  
}

  
}

Scenario

The Department of Technology is planning to replace the packaging machine in the graphic communication lab in the Spring of 2021. The one currently in use was purchased from ESKO in 2011 for $100,000. The installation of the machine was done by the facility department on campus with a price tag of $5,000, including the labor and all the necessary harness. The new machine to be purchased has a cutting table doubles the size of the old one, with a throughput capacity four times of the old machine.

Q1. According to the vendor, ESKO, the price for the new machine for academic usage is directly related to the machine’s throughput capacity (not its physical size). If the cost-capacity factor between 2011 and 2021 is 0.85, what will be the estimated purchase price of the new machine?

Hint. No cost indexing information is needed here as the vendor has already incorporated the time-related cost change into the price they charge for the new machine.

Q2. In order to estimate the cost of operations, the graphic communication area coordinator needs to estimate the time of usage in the class setting. If it takes 45 minutes to set up and finish cutting the first box, and the learning curve slope is 0.75 according to the past experience, how long will it take to set up and finish cutting the third box?

You are the CFO of a publicly held company and need to raise capital for the firm by issuing some kind of equity. Why would a firm want to issue both preferred stock and common stock rather than just one category of stock? Search an article or the Internet for an academic or industry-related article. Select an article that relates to these concepts in the context of doing business in Saudi Arabia. For your discussion post, your first step is to summarize the article in two paragraphs, describing what you think are the most important points made by the authors (remember to use citations where appropriate). For the second step, include the reference listing with a hyperlink to the article. Do not copy the article into your post and limit your summary to two paragraphs. Let your instructor know if you have any questions and enjoy your search. You need to reply to at least two of your peers’ answer posts to this discussion question. These replies need to be substantive and constructive in nature. They should add to the content of the post and evaluate/analyze the answer. Normal course dialogue doesn’t fulfill these two peer replies, but is expected throughout the course. Answering all course questions is also required.

A. Roles in Career Development: What is the employee's role in the career development process? Themanger's role? The employer's role?

B. Career Development Activities: Give several examples of career development activities that employers can use to foster employee commitment. Does your current employer make use of any of these examples?

C. Linked-In: A growing number of recruiters and organizations are turning to Linked-In to strategically extend their global reach, speed recruitment, sourcing and cut costs (SHRM, 2010). Linked-In is the most used professional network, so whether you are looking for a job or looking to fill a job or improve your know-how through networking, this social media connection may be for you.

View the Linked-In video What is LinkedIn? at http://www.youtube.com/watch?v=IzT3JVUGUzM which is about 2.5 minutes in length; then, go to the social media website located at http://www.LinkedIn.com to find out more. What is your opinion of this social media solution? Do you already have an account? Is Linked-In for you? Why or why not?

Posting is to be 200-300 words in length and supported by at least two sources properly cited and referenced an academic journal article published within the last 3-5 years.

1. A high-school administrator who is concerned about the amount of sleep the students in his district are getting selects a random sample of 14 seniors in his district and asks them how many hours of sleep they get on a typical school night. He then uses school records to determine the most recent grade-point average (GPA) for each student. His data and a computer regression output are given below. (remember to do ALL parts).

Sleep (hrs) 9 8.5 9 7 7.5 6 7 8 5.5 6 8.5 6.5 8 8

GPA 3.8 3.3 3.5 3.6 3.4 3.3 3.2 3.2 3.2 3.4 3.6 3.1 3.4 3.7

(a) Do these data provide convincing evidence of a linear relationship between the hours of sleep students typically get and their academic performance, as measured by their GPA? Carry out a significance test at the α = 0.05 level. (10 points)

(b) Construct and interpret at 95% confidence interval for the slope of the regression of GPA on hours of sleep for seniors in this school district. (5 points)

(c) Can we conclude from these data that students’ GPA will improve if they get more sleep? Explain. (

English 1

The topic of this essay is a current issue facing African Americans today.

Write a 4-1/2 to 5-page formal academic essay in which you choose two documentary/news photographs, two paintings, or two advertisements to analyze in a closed-form essay. Your two visual texts should have enough in common to facilitate meaningful comparisons. Show these images in your essay (if you are analyzing videos, you’ll need to show screen captures), but also describe your two visual texts in detail to highlight what you want viewers to see and to provide a foundation for your analysis. For this closed-form analysis, choose several key points of contrast as the focus. Your thesis statement should make a claim about key differences in the way that your chosen visual texts establish their purposes and achieve their persuasive effects.

• What challenges do African Americans currently face?

• What are current issues about race equality and how do we improve our society’s approach to these issues?

• How are African Americans Discrimina Ted against in our society today?

• What are solutions to resolve racial discrimination against African Americans?

NRS 434VN Topic 2 Assignment Assessment of the Child: Functional Health Pattern Analysis Worksheet

Details:

In this assignment, you will be exploring actual and potential health problems in the childhood years using a functional health assessment and Erickson’s Stages of Child Development. To complete this assignment, do the following:

1. Using the textbook, complete the “Children’s Functional Health Pattern Assessment.” Follow the instructions in the resource for completing the assignment.
2. Cite and reference any outside sources used in your answers. Include in your assessment a thorough discussion of Erickson’s Stages of Child Development as it pertains to the development age of the child.

While APA format is not required for the body of this assignment, solid academic writing is expected and in-text citations and references should be presented using APA documentation guidelines, which can be found in the APA Style Guide, located in the Student Success Center.

This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.

You are not required to submit this assignment to Turnitin.

NRS 434 Topic 2 Collaborative Learning Community (CLC) Agreement

Details:
As a group, complete the “Collaborative Learning Community (CLC) Agreement.”You are not required to submit this assignment to LopesWrite.NRS-434VN-R-CLC-Agreement-Student.docx