The circus division of Acorn Industries produces pull-off
steering wheels that can be sold to outside customers or
transferred to the Car Division of the company. The following
information has been collected by Acorn's controller:
Production capacity: 100,000 units
Selling price: $60 per unit
Variable production cost: $36 per unit
Variable Selling cost: $4 per unit
Fixed Production cost: $7 per unit
Number of transformers needed by the Car Division: 6,000
If the Circus division transfers its units to the Car division, it can avoid $2 of variable selling cost.
Required:
1. What is the lowest acceptable per unit transfer price if the
Circus division is currently only selling 80,000 units to outside
customers?
2. What is the full cost transfer price per unit?
3. What is the range for a negotiated price?
4. If the Circus division is instead operating at capacity before considering the internal transfer, then what would an acceptable transfer price be and why?
In: Accounting
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 2021 with a
refund liability of $390,000. During 2021, Halifax sold merchandise
on account for $12,800,000. Halifax's merchandise costs is 70% of
merchandise selling price. Also during the year, customers returned
$370,000 in sales for credit, with $204,000 of those being returns
of merchandise sold prior to 2021, and the rest being merchandise
sold during 2021. 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 2021 of merchandise that was sold prior to 2021; (b) record
actual returns in 2021 of merchandise that was sold during 2021;
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?
In: Accounting
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.
In: Operations Management
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?
In: Accounting
Write a C++ program that prints a calendar for a given year.
ONLY USING "#include<iostream>" and "#include<cmath>" The program prompts the user for two inputs:
1) The year for which you are
generating the calendar.
2) The day of the week that
January first is on, you will use the following notation to set the
day of the week:
0
Sunday
1
Monday
2
Tuesday
3 Wednesday
4
Thursday
5
Friday
6 Saturday
Your program should generate a calendar similar to the one shown in the example output below. The calendar should be printed on the screen. Your program should be able to handle leap years. A leap year is a year in which we have 466 days. That extra day comes at the end of February. Thus, a leap year has 466 days with 29 days in February. A century year is a leap year if it is divisible by 400. Other years divisible by 4 but not by 100 are also leap years.
Example: Year 2000 is a leap year because it is divisible by 400. Year 2004 is a leap year because it is divisible by 4 but not by 100.
Your program should clearly describe the functionality of each function and should display the instructions on how to run the program.
Sample Input:
Enter the year for which you wish to generate the calendar:
2018
Enter the day of the week that January first is on: 1
Sample output:
Calendar for year 2018
January
Sun Mon
Tue Wed
Thu
Fri Sat
1
2
4
4
5
6
7 8 9 10 11 12 14
14 15 16 17 18 19 20
21 22 24 24 25 26 27
28 29 40 41
February
Sun Mon
Tue Wed
Thu
Fri Sat
1
2
4
4 5 6 7 8 9 10
11 12 14 .. .. .. ..
.. .. .. .. .. .. ..
..
..
..
In: Computer Science
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:
| Year 1 | Year 2 | ||||
| Sales (@ $63 per unit) | $ | 1,134,000 | $ | 1,764,000 | |
| Cost of goods sold (@ $27 per unit) | 486,000 | 756,000 | |||
| Gross margin | 648,000 | 1,008,000 | |||
| Selling and administrative expenses* | 304,000 | 334,000 | |||
| Net operating income | $ | 344,000 | $ | 674,000 | |
* $3 per unit variable; $250,000 fixed each year.
The company’s $27 unit product cost is computed as follows:
| Direct materials | $ | 6 |
| Direct labor | 9 | |
| Variable manufacturing overhead | 1 | |
| Fixed manufacturing overhead ($253,000 ÷ 23,000 units) | 11 | |
| Absorption costing unit product cost | $ | 27 |
Production and cost data for the first two years of operations are:
| Year 1 | Year 2 | |
| Units produced | 23,000 | 23,000 |
| Units sold | 18,000 | 28,000 |
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.
In: Accounting
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 measuredagainst?
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
In: Operations Management
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.
In: Statistics and Probability
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.
In: Statistics and Probability
In: Accounting