Please assist with the journal entries

The nominal price (per pound) of apples for each year is shown in the timeline below.

What is the real price of apples in year 2002 (as seen from year 2001).

Calculate your answer to the nearest penny (e.g., 3.81)

The nominal price (per pound) of apples for each year is shown in the timeline below. What is the real price of apples in year 2002 (as seen from year 2001). Calculate your answer to the nearest penny (e.g., 3.81) Year 2001 2002 2003 2004 Nominal Price $2.38 $2.51 $2.62 $2.76 Price Level 151 155 157 160 Price Adjustment Real Price

Perez Computers Incorporated grants its customers cash discounts of 3/10, n/60. Perez had the following transactions during the month of July.

Instructions: Journalize these transactions for the seller using the gross method of accounting for sales.

Instructions: Journalize these transactions for Perez Computers Incorporated using the net method of accounting for sales.

1) Describe what makes a cost “relevant” when making a decision between two alternatives.

2)Imagine you are a manager of a snack food company. You need to make a decision whether you should manufacture a new cheese curl or purchase it from another manufacturer and re-sell it to your customers.   Discuss what factors are relevant in this decision and how you would make the right decision.

3) What is a constraint in a manufacturing process? Why does it make sense to concentrate on contribution margin relative to the constrained resource instead of contribution margin per unit in these cases?

The FAX of Life Company is considering the purchase of 100 FAX machines which will be leased to a convenience store chain. Individual convenience stores will then charge a small fee for the use of the machine by customers. The FAX machines will cost $70,000 and will be sold at the end of four years for the estimated $16,000 salvage value. The annual cash inflow from leasing the machines is expected to be $20,000. The income tax rate is 25%. The cost of capital is 12%.

Calculate the answer for each of the following capital budgeting methods. 1. Net Present Value 2. Internal Rate of Return 3. Payback Period 4. Accountant's Rate of Return

1: Use the customers table inside of the salesordersexample database, and write a query statement to show records from the CustFirstName, CustLastName, and CustCity columns.

2:  Use the employees table inside of the salesordersexample database, and write a query statement to show the employee’s EmployeeID, EmpFirstName, EmpLastName, and EmpPhoneNumber, if the employee is living in the 98413 zip code.

3. Use INNER JOIN to create a query result. In this query result, list each vendor’s name and the name of each product the vendor has supplied to our company. You should use the Vendors, Product_Vendors, and the Products tables in the database to complete this task.  

A power company operates three power generation plants. One is a wind plant, and the other two consume a combination of Fuel 1 and Fuel 2, emitting carbon dioxide in the process. In addition, all three plants require maintenance. The amount of fuel consumed (in Mg), maintenance required (in person-hours), carbon dioxide (CO2) emitted (in Mg), and power generated (in MWh) per day of operation is as follows: Maintenance Fuel 1 Fuel 2 CO2 Power Plant Required Required Required Emitted Produced 1 20 0 0 0 20 2 13 10 15 12 32 3 18 30 40 29 40 Each MWh of power can be sold at £121 and there is no limit on the amount that can be sold. Over its next planning period, the company has 230 person-hours for maintenance, 75 Mg of Fuel 1, and 90 Mg of Fuel 2 available.

(a) Due to environmental regulations, they cannot emit more than 200Mg of CO2 in this period. The company wants to know how to operate its plants to generate as much revenue as possible (you may assume that there is no limit on the number of days a plant can operate in this period). Give a linear program that models this problem and state what each of your variables is meant to represent. You do not need to solve this program. [11]

(b) Suppose now that the company can emit more than 200Mg of CO2, but now loses £55 of revenue for each Mg emitted after the first 200Mg because it must purchase “CO2 credits”. The other resource constraints remain as stated. The company now wants to know how to operate its plants to generate as much revenue as possible (you may assume that there is no limit on the number of days that a plant can operate in this period). Give a linear program that models this problem. You do not need to solve this program.

(Security-For-All Bhd (MFA) is a company specializing in installing and maintaining

security systems for businesses and residential customers. It has been operating for

10 years. The company buys supplies ranging from CCTV cameras, smart locks,

keypad locks, sensors, alarms, smoke detectors and other equipment from reputable

vendors in town for customers’ installations

/Purchase of supplies

-The purchasing process starts with filling up of purchase requisition forms by

the Inventory Department when the inventory level reaches the re-order point.

They then select appropriate vendors by searching them online. Next, they

phone the vendors, request one price quotation for each item and give the

vendors a verbal order

-The filled up purchase requisition forms are sent to Purchase Department. A

pre-numbered purchase order is processed by the department for each

requisition and filed together with the earlier purchase requisition form.)

-When the items have arrived, the Receiving Department takes charge and

informs the Inventory Department orally. The receiving clerk then stamps the

purchase order with the date received and noted any difference between the

quantity shown on purchase order and the quantity received. The receiving

clerk then forwards the stamped purchase order and items received back to

the Inventory Department for verification and correction. At the same time, the

receiving clerk informs the Accounts Department that the order has arrived.)

-The Accounts Department then waits for the vendors’ invoice to arrive. The

account clerk files together the vendors’ invoice and purchase order copy

received earlier from the Inventory Department. On a monthly basis, the

account clerk prepares cheque to be paid to each vendor and sent the

cheques to the Treasurer for signature. The treasurer then signs the

cheques.)

/Company’s policies and procedures

Although the company has expanded over the years with more than 100 active

vendor accounts currently in the accounts payable’s ledger, it continues to rely on a

manual system to process all purchase transactions. In addition, the company has

no specific policy on purchase returns. For many years, the defect inventories are

simply kept in store without any follow ups and actions by the storekeeper in the

Inventory Department.)

The company maintains its existing auditor for the current financial year ended 31

December 2020. The auditor is concern that the recent pandemic has resulted in

surge of inventory prices supplied by vendors due to inadequate supply and rising

demand from customers for tightened security measures.)

REQUIRED

1. Describe at least five (5) internal control deficiencies relating to purchasing of

and payments for inventory requisition of SFA Bhd and their possible

misstatements.

2. Describe three (3) substantive audit procedures for purchase and three (3)

substantive audit procedures for accounts payable accounts that must be

performed by auditors.)

3. Identify the assertion related to each of the substantive audit procedures in

(II) above.)

Netflix experienced some membership turbulence in 2016 as a price increase was phased in for its US subscribers. In May 2014, Netflix announced that the price of its standard subscription service would increase from $8 to $9. However, established customers were allowed to stay at the $7.99 price for two years. In 2015, Netflix increased the standard price to $9.99. As a result of the pricing plan and the deferred price increase, in May, 2016, the standard pricing plan for long time customers of Netflix increased from $7.99 per month to $9.99 per month. Netflix began notifying customers in April that the price increase would become effective in the second quarter.

Netflix was trying to implement price increases more slowly after a 2011 increase led to negative publicity and a customer backlash. In that case, Netflix separated its streaming and DVD services, and charged separately for both services.

However, regardless of the implementation of the price increase, the higher monthly prices seem to have impacted the growth of membership among US subscribers. In the two quarters before the price increase, Netflix added net membership of 1.6 million and 2.2 million members. By contrast, the number of members added in Q2 was only 160,000, and in Q3 only 400,000. The Q2 growth in US subscribers was the lowest since Netflix began reporting those numbers in 2012.

1) In 2016 Netflix allowed its prices to increase for U.S. subscribers. Using the data on monthly revenue per paid member in the quarter before the price increase and at the end of the third quarter in 2016, calculate the percentage change. We will use it as a proxy for the percentage change in price.

2) Determine the average membership growth (net additions) before the price increase.

3) Using the projections in the previous question, assuming the growth rate would have stayed the same, how many subscribers Netflix may have expected to add in the 2nd and 3rd quarters of 2016 if it didn't allow the price to increase? How many subscribers did Netflix actually add in the 2nd and 3rd quarters of 2016? Comparting the two numbers how many subscribers were gained/lost due to price increase? What percentage change does it represent relative to the subscribership level in the quarter before the price change (use Total Memberships)?

4) Using the percentage changes in the price and subsriberships calculated in the previous questions, determine the own price elasticity of demand.

5) What do we expect to happen to Netflix's revenue due to the price increase?