Need 1500 words give full answer please

Company: Wal-Mart (write on the following guidline)

1. Define the process: its start, end, and what it does.

2. Describe the process: list the key tasks performed and sequence of steps, people involved, equipment used, environmental conditions, work methods, and materials used.

3. Describe the players: external and internal customers and suppliers, and process operators.

4. Define customer expectations: what the customer wants, when, and where, for both external and internal customers.

5. Determine what historical data are available on process performance, or what data need to be collected to better understand the process.

6. Describe the perceived problems associated with the process; for instance, failure to meet customer expectations, excessive variation, long cycle times, and so on.

7. Identify the primary causes of the problems and their impacts on process performance.

8. Develop potential changes or solutions to the process, and evaluate how these changes or solutions will address the primary causes.

Halifax Manufacturing allows its customers to return merchandise for any reason up to 90 days after delivery and receive a credit to their accounts. All of Halifax's sales are for credit (no cash is collected at the time of sale). The company began 2018 with a refund liability of $330,000. During 2018, Halifax sold merchandise on account for $11,800,000. Halifax's merchandise costs it 70% of merchandise selling price. Also during the year, customers returned $345,000 in sales for credit, with $191,000 of those being returns of merchandise sold prior to 2018, and the rest being merchandise sold during 2018. Sales returns, estimated to be 3% of sales, are recorded as an adjusting entry at the end of the year.

Required:

1. Prepare entries to (a) record actual returns in 2018 of merchandise that was sold prior to 2018; (b) record actual returns in 2018 of merchandise that was sold during 2018; and (c) adjust the refund liability to its appropriate balance at year end.
2. What is the amount of the year-end refund liability after the adjusting entry is recorded?

1. In a perpetual inventory​ system, multiple performance obligations​ _________.

A.

may require the creation of an asset​ account, Unearned Revenue

B.

require the company to allocate the transaction price to each performance obligation

C.

result in revenue being recorded when the separate performance obligations are identified because there is a binding contact

D.

represent one distinct performance obligation

Problem 6-19 (Algo) Variable Costing Income Statement; Reconciliation [LO,6-1, LO6-2, LO6-3]

During Heaton Company’s first two years of operations, it reported absorption costing net operating income as follows:

* $3 per unit variable; $250,000 fixed each year.

The company’s $27 unit product cost is computed as follows:

Production and cost data for the first two years of operations are:

Required:

1. Using variable costing, what is the unit product cost for both years?

2. What is the variable costing net operating income in Year 1 and in Year 2?

3. Reconcile the absorption costing and the variable costing net operating income figures for each year.

Ch 19 Video Zane's Cycles Foundations of Control 7min

1)President Chris Zane mentions that​ employees' performance is not evaluated every six months or every year as in many organizations.​ Zane's Cycles uses Saturday meetings for everyone to come up to speed and to discuss issues. These meetings represent a controlling process that is used to​ _____.

A.discuss failures of individuals in the company

B.establish performance standards as a group

C.​measure, evaluate, and take corrective action

D.correct​ employees' actions by berating and celebrating

E.cross-train employees

2)Which of the following seems to be the most important performance standard that everyone at Zane Cycle is measured​against?

A.Selling to customers

B.Maintaining inventory

C.Satisfying customers

D.Leading others

E.Training others

3)Zane feels strongly​ that, when a crisis develops in the cycle​ shop, he wants to get involved and be engaged with the customer to emphasize primarily to that customer that​ _____ will occur.

A.written apologies

B.policy changes

C.employee reprimands

D.marketing changes

E.corrective actions

4)When Zane Cycle President Chris Zane directs an employee to do​ something, Zane is exhibiting​ ______, whereas when he inspires employees to work​ harder, he is exhibiting​ _____.

A.​leadership, followership

B.position​ power, personal power

C.​authority, control

D.​enforcement, charisma

E.​directness, indirectness

5)President Zane is adamant about getting feedback from customers about how the company could improve. They gather data through​ surveys, face-to-face​ interactions, and by listening to conversations in the store or at events. Decisions based on this feedback are dependent upon​ _____.

A.credibility of the source

B.information quality

C.whether the information is negative or positive

D.the cost of obtaining the information

E.how the information is to be used

A food truck near the beach sells the best rock lobster tacos. 75% of the time, people will choose the rock lobster tacos vs something else. The cooks need help calculating the chances of the following situations. First, find the mean and standard deviation of this distribution given there are 5 customers waiting in line. Use 4 decimals. 

What is the chance of selling none of the customers the rock lobster tacos given there are 5 customers in line? Use 5 decimals. 

Now, what is the probability of selling the rock lobster tacos to at least one customer of the 5 in line? Use hand calculations and use 5 decimals for your answer. 

Using the appropriate StatCrunch calculator, fill it out to show the probability of selling the tacos to 3 to 8 customers out of 12 customers in line. Include the graph in your answer. Use 4 decimals.

A banking executive studying the role of trust in creating customer advocates has determined that 43 % of banking customers have complete trust, 47 % of banking customers have moderate trust, and 10 % have minimal or no trust in their primary financial institution. Of the banking customers that have complete trust, 65 % are very likely to recommend their primary financial institution; of the banking customers that have moderate trust, 16 % are very likely to recommend their primary financial institution; and of the banking customers that have minimal or no trust, 3 % are very likely to recommend their primary financial institution. Complete parts (a) and (b) below.

a) Compute the probability that if a customer indicates he or she is very likely to recommend his or her primary financial institution, the banking customer also has complete trust.

b) Compute the probability that a banking customer is very likely to recommend his or her primary financial institution.

QUESTION 1

1. When the direct write-off method of recognizing bad debt expense used, which of the following accounts would NOT be used?

   		Bad Debt Expense
   		Accounts Receivable
   		Allowance for Bad Debts
   		All of the above are used in the direct write-off method

1 points   

QUESTION 2

1. When the allowance method of recognizing bad debt expense is used, the entries at the time of collection a a small account previously off would:

   		Increase net income
   		Increase Allowance for Bad Debts
   		Decrease net income
   		Decrease Allowance for Bad Debts

1 points   

QUESTION 3

1. Deuce Company uses the allowance method to estimate the losses form uncollectible receivables. Net sales for the year are $120,000 and the company estimates its bad debts as 1 percent of net sales. If there is already a $1,200 debit balance in Allowance for Bad Debts, how should be recorded as Bad Debt Expense?

   		$1,200
   		$2,400
   		$24,000
   		No entry is required

1 points   

QUESTION 4

1. Following are the account balances from the December 31 trial balance of Hark Company. If 10% of the Accounts Receivable is estimated to be uncollectible, the entry to record the estimate of bad debts would include a debit to Bad Debt Expense for:

   	DB
   Accounts Receivable	20,000
   Allowance fro Bad Debts	800
   Sales Revenue	135,000

   		$2,000
   		$2,080
   		$2,800
   		$1,200

1 points   

QUESTION 5

1. A promissory note dated Dec. 1, 2012 bearing interest at a rate of 8% and due in 60 days is sent ot a creditor. The face value of the note is $10,000. The entry for accrued interest at December 31, 2012 by the issuer of the note includes a:

   		Debit to interest expense of $67
   		A credit ot interest payable of $133
   		Credit to interest expense of $67
   		Debit to interest payable of $133

1 points   

QUESTION 6

1. The entry (or entries) requried to record a sales return by a customer when using the perpetual inventory method would consist of:

   		A debit to Sales Revenue and a credit to Accounts Receivable
   		A debit to Sales Returns and Allowances and a credit to Accounts Receivables
   		Debits to Sales Returns and Allowances and Inventory and credits to Accounts Receivable and Costs of Goods Sold
   		Debits to Sales Returns and Allowances and Cost of Goods Sold and credits to Accounts Receivable and Inventory

1 points   

QUESTION 7

1. Which of the following will result if the current year's ending inventory amount is understated in the cost of goods calculation:

   		Cost of goods sold will be overstated
   		Total assets will be overstated
   		Net income will be overstated
   		Both A and C

1 points   

QUESTION 8

1. Which of the following would be true if inventory costs were increasing?

   		LIFO would result in lower net income and lower ending inventory amounts than would FIFO
   		FIFO would result in lower net income and higher ending inventory amounts than would LIFO
   		LIFO would result in a lower net income amount but a higher ending inventory amount that would FIFO
   		None of the above

1 points   

QUESTION 9

1. Given the following sale and purchasing information, what is the ending iinventory, if the periodic FIFO costing alternative is used? The beginning inventory on hand was 100 units at $1 each.

   1st Purchase	700 units @ $2
   2nd Purchase	1,000 units @ $3
   3rd Purchase	500 units @ $4
   4th Purchase	500 units @ $5
   Total units purchased	2,700
   1st Sale	400 units @$7
   2nd Sale	750 units @$8
   3rd Sale	500 units @$9
   4th Sale	500 units @$10
   Total units sold	2,150

   		$400
   		$500
   		$1,250
   		$3,100

1 points   

QUESTION 10

1. Using the following purchases and sales, what is the ending inventory if the periodic LIFO costing alternative is used? The beginning inventory iis 100 units on hand at $2 each.

   1st Purchase	500 units @$2
   2nd Purchase	1,000 units @ $3
   3rd Purchase	500 units @ $4
   4th Purchase	500 units @ $5
   Total units purchased	2,500
   1st Sale	600 units @$7
   2nd Sale	750 units @$8
   3rd Sale	500 units @$9
   4th Sale	500 units @$10
   Total units sold	2,350

   		$400
   		$500
   		$1,250
   		$3,100

1 points   

QUESTION 11

1. Using the following information, what is the average cost per unit available for sale during the year if the periodic inventory method is used (round to nearest cent)? The beginning inventory on had was 100 units at $1 each.

   1st Purchase	500 units @$2
   2nd Purchase	1,000 units @ $3
   3rd Purchase	500 units @ $4
   4th Purchase	500 units @ $5
   Total units purchased	2,500
   1st Sale	600 units @$7
   2nd Sale	750 units @$8
   3rd Sale	500 units @$9
   4th Sale	500 units @$10
   Total units sold	2,350

   		$2.61
   		$3.10
   		$3.53
   		$3.31

1 points   

QUESTION 12

1. A firm had a beginning inventory balance of $1,000, net purchases of $35,000 and sales of $40,000. Its gross margin percentage was 25%. Using the gross margin method, the ending inventory balance is:

   		$1,000
   		$7,000
   		$6,000
   		$10,000

1 points   

QUESTION 13

1. Which of the following is NOT usually depreciated, depleted or amortized?

   		Furniture
   		Land
   		Mineral deposits
   		Patents

1 points   

QUESTION 14

1. Depreciation can best be described as a method of

   		Allocating the costs of assets over their useful life
   		Accumulating funds for the replacement of assets
   		Reducing the carrying cost of assets to current market value
   		Deriving tax benefits

1 points   

QUESTION 15

1. The book value of an asset is the:

   		Original cost of the asset
   		Market value of the asset
   		Total of all expenses associated with the asset
   		Acquisition cost of the asset less any accumulated depreciation on the asset

1 points   

QUESTION 16

1. On January 1, 2012 Powers Press purchased equipment at a cost of $6,300. The equipment had an estimated useful life of three years or 15,000 hours. The equipment will have a $600 salvage value at the end of its life. The depreciation expense for the year ending December 31, 2012 using the straight-line method would be:

   		$1,900
   		$1,883
   		$475
   		$471

1 points   

QUESTION 17

1. On January 1, 2006, Powers press purchased equipment at cost of $6,300. The equipment had an estimated useful life of three years or 15,000 hours. The equipment will have a $600 salvage value at the end of its life. The equipment was used for 3,250 hours in 2012. The depreciation epense for the year ending December 31, 2012 using the units of production method would be:

   		$1,900
   		$1,235
   		$3,250
   		$1,365

1 points   

QUESTION 18

1. On January 1, 2011, Kinnear Company purchased equipment at a cost of $20,000. The equipment had useful life of 5 years and a salvage value of $2,000. Kinnear Company use the straight-line depreciation method for all its assets. Given this information, if the company sells the equipment for $13,600 on December 31, 2006, it will have a(n):

   		$2,000 loss
   		$2,000 gain
   		$800 loss
   		$800 gain

1 points   

QUESTION 19

1. The balance sheet category "intangible assets" includes:

   		Patents, trademarks and franchises
   		Equipment, land and buildings
   		Investments, receivables and customer lists
   		Goodwill, inventory and furnishings

1 points   

QUESTION 20

1. On March 3, 2006, Binford Tools acquired the following assets from Mace Harware for $360,000. How much goodwill should be recorded for this transactions?

   	Book Value	Fair Market Value
   Accounts Receivable	58,000	33,000
   Inventory	92,000	76,000
   Equipment	139,000	182,000
   Patent	13,000	8,000

   		$61,000
   		$58,000
   		$39,000
   		0

Question 6        (Marks: 35) Structured Query Language (SQL) is a language that is widely used in industry to create, update and query data in relational databases. This question must NOT be done practically (i.e. in the computer room). You are required to write the SQL code in your answer book. Q.6.1 The below sample data in third normal form was provided by a database designer. Answer the below questions using this data. Table: Country Primary key: CountryID (auto number) All fields are mandatory CountryID Name Abbreviation CallingCode 1 South Africa ZA 27 2 Lesotho LS 266 3 Namibia NA 264 4 Egypt EG 20 Table: President Primary key: PresidentID (auto number) Foreign key: CountryID (mandatory) All fields are mandatory PresidentID CountryID Name Surname Year 1 1 Cyril Ramaphosa 2018 2 1 Jacob Zuma 2009 3 3 Hage Geingob 2015 4 3 Hifikepunye Pohamba 2005 18; 19; 20                       2020 © The Independent Institute of Education (Pty) Ltd 2020   Page 10 of 11    Q.6.1.1 Write a SQL statement to create the table President. Hint: The sample data should give you an indication of the data types you should use. (5)      Q.6.1.2 Write a SQL statement that will count the number of presidents that were inaugurated after 2009. (4)      Q.6.1.3 Write a SQL statement to insert the below row into table Country. CountryID Name Abbreviation CallingCode 5 Botswana BW 267 (4)      Q.6.1.4 Write a SQL statement to get the list of all the countries from the database, in alphabetical order by country name. Include all the columns from the Country table. (3)      Q.6.1.5 Write a SQL statement to get the list of all the presidents with a surname starting with the letter R. Include all fields from the President table. (3)      Q.6.1.6 Write a SQL statement to get the list of all the presidents, showing only the name and surname of the president, and the name of their country. (5) Q.6.2 What is the difference between the WHERE and HAVING clauses in SQL statements? (4) Q.6.3 What is the purpose of an index in a SQL database? (1) Q.6.4. The below ERD has been implemented in a SQL database. What will the result be of each of the below queries? Provide an explanation for your answer.   18; 19; 20                       2020 © The Independent Institute of Education (Pty) Ltd 2020   Page 11 of 11 Q.6.4.1 (2)      Q.6.4.2 (2)      Q.6.4.3