What value do outside, Independent Directors bring to the CEO and C-Suite?

Explain why a CEO would not want to implement an information governance program at their HCO?

Upstream Intercompany Merchandise Transactions

Jimmitz Inc. is a subsidiary of Krocker Gear. Jimmitz sells shoe accessories to Krocker at a 25% markup on cost. Information on these intercompany merchandise transactions is below:

Required

a. Prepare the working paper eliminating entries related to these intercompany transactions at December 31, 2020.

b. Krocker sold shoes containing Jimmitz’s shoe accessories during 2020.

What amount did Krocker and Jimmitz record as cost of goods sold for the shoe accessories in 2020?

$Answer

What amount should appear in consolidated cost of goods sold for these shoe accessories?

$Answer

Show how the eliminating entries in part a adjust Krocker’s cost of goods sold balance to the correct consolidated balance.

Question 1 – CVP Analysis

Brandon Manufacturing provides the data below relating to its single product for 2020:

• Selling price per unit $20
• Annual fixed costs $280,800
• Variable costs per unit $14
• Annual sales volume expected in 2020: 52,000 units

Required:

1. Complete the following table calculating each requirement listed in the table.

2. Prepare a Contribution Margin Income Statement for the expected sales in 2020: (given the original data)

Question 1 – CVP Analysis

Brandon Manufacturing provides the data below relating to its single product for 2020:

• Selling price per unit $20
• Annual fixed costs $280,800
• Variable costs per unit $14
• Annual sales volume expected in 2020: 52,000 units

Required:

1. Complete the following table calculating each requirement listed in the table.

2. Prepare a Contribution Margin Income Statement for the expected sales in 2020: (given the original data)

Consider the leadership dynamics of the several types of change illustrated in Chapter 9 (Leadership, Enhancing the Lessons ofExperience), then answer the following questions:

Share your own experience with one of the types of change—anticipatory, reactive, or crisis—from either a leader or follower perspective.

What can you learn from this experience and the lessons acquired from the Chapter 9 reading on how to initiate positive change in an organization?

Company Overview

United Parcel Service, Inc. (UPS or 'the company') is one of the largest package delivery companies in the world. It provides various logistics services, including less-than-truckload services as well as supply chain management operations in more than 220 countries and territories. The company operates globally with major presence in North America and Europe. It is headquartered in Atlanta, Georgia.

The company reported revenues of (US Dollars) US$60,906 million for the fiscal year ended December 2016 (FY2016), an increase of 4.4% over FY2015. In FY2016, the company’s operating margin was 9%, compared to an operating margin of 13.1% in FY2015. In FY2016, the company recorded a net margin of 5.6%, compared to a net margin of 8.3% in FY2015.

Given your understanding of the company described in the handout, address the following.

a) Briefly discuss the company’s business-level strategy and describe its target market. Take care to share how the company is able to pursue this business-level strategy .

b) Briefly discuss the corporate-level strategy pursued by the company. Take care to discuss the level of diversification the company uses .

c) Identify and describe one weakness, opportunity, and threat (three in total) the company should address to achieve its desired performance goals. Take care to offer two potential strategic solutions for each item identified in part c (six in total) .

Six Key Financial Assumptions

• Startup cost – $350,000
  • $150,000 to purchase building
  • $10,000 for renovations
  • $75,000 for supplies
  • $115,000 for additional expenses
• Sales and Revenue - $600,000
  • $50,000 in sales per month
  • Based on 50 jobs at $250 per job

• Operating costs - $156,000
  • $13,000 per month
  • Based on supplies, utilities, and staff
• Borrowing - $350,000
  • Based on money needed for startup cost
  • Interest owed to bank 6%

• Equity returns – 2% compounding annually
  • Based on 2% real estate growth assumption
• Company value ???

Balance sheet

31-Dec-2020

Assets

Cash :                                                  $000,000

Accounts Receivable:                          $000,000

Long Term Assets:                              $000,000

Total:                                                   $000,000

Liabilities & Equity

Accounts Payable:                              $000,000

Borrowing:                                          $000,000

Retained Earnings:                              $000,000

(First year so no retained earnings from first year)

Earnings:                                             $000,000

Total:                                                   $000,000

Using the information from the key assumptions please solve the company value portion as well as the balance sheet for the first year of the start up company.

On July 31, 2020, Sandhill Co. had a cash balance per books of $6,340.00. The statement from Dakota State Bank on that date showed a balance of $7,890.80. A comparison of the bank statement with the Cash account revealed the following facts.

Prepare the bank reconciliation as of July 31. (List items that increase balance as per bank & books first. Round answers to 2 decimal places, e.g. 52.75.)

Question 4: Following are the values for US. Apparel Limited: Company’s Ratio Industry Average Days Sales Outstanding 45 days 52 days Credit Terms 50 days 60 days a. Analyze the DSO of the company internally. b. Analyze the DSO of the company externally. What advice will you give to the competitor firm (consider industry average value)?