Select ONE brand of your choice and answer the following:
Question 1: List THREE social media tools that the brand utilises to communicate with customers. Briefly outline what platform they use and what content is provided to consumers? Why was this choice suitable for the brand and its customer?
Question 2: Identify THREE public relations tools that the brand utilises to improve consumer’s awareness and attitudes toward the brand. Document under each tool what activity or content is provided, using an example from the brand for each.
Question 3: Examining the brand’s social media objectives, discuss the FIVE objectives and provide an example for each. Discuss how the brand has addressed these objectives through their online activities. Be specific, identifying where possible, what platforms have been used and why.
In: Operations Management
Select ONE brand of your choice and answer the following:
QUESTION 1: List THREE social media tools that the brand utilises to communicate with customers. Briefly outline what platform they use and what content is provided to consumers? Why was this choice suitable for the brand and its customer? QUESTION 2: Identify THREE public relations tools that the brand utilises to improve consumer’s awareness and attitudes toward the brand. Document under each tool what activity or content is provided, using an example from the brand for each. QUESTION 3: Examining the brand’s social media objectives, discuss the FIVE objectives and provide an example for each. Discuss how the brand has addressed these objectives through their online activities. Be specific, identifying where possible, what platforms have been used and why.
In: Operations Management
Engleside Seafood Company ships fresh seafood to customers in a nearby city. The logistics manager has identified three shipping alternatives. The first is to call a common carrier, the second is to lease its own fleet of refrigerated trucks and the third option is a contractual arrangement with a local carrier. The outcome of the decision will be affected by the demand level as indicated in the payoff table below.
|
Demand |
||
|
Alternatives |
Low |
High |
|
Common Carrier |
200 |
4000 |
|
Lease Own Fleet |
2000 |
2600 |
|
Contract with Local Carrier |
700 |
3000 Engleside has no estimates of the probabilities for demand at this time but wants to do a sensitivity analysis to explore how changes in probability would affect the decision. a. Plot the EMV lines for the three alternatives on a graph (one graph), with the probability of High demand on the horizontal axis. b. Interpret your graph. |
In: Economics
Calculate the minimum special price per unit that would be charged by each of the three divisions for a special order of 100 units of their products.
Calculate the minimum special price per unit that would be charged by each of the three divisions for a special order of 1,000 units of their products.
What would be the maximum price per unit that David Inc would pay to outsource (buy) 3,000 units of Division 1 products from an outside supplier? Assume fixed costs remain unchanged and that the products would be sold to its current customers.
|
Selling price per unit |
$100 |
$200 |
$250 |
|
Variable cost per unit |
$60 |
$90 |
$125 |
|
Fixed costs for the month for the division ($) |
$84,000 |
$368,000 |
$450,000 |
|
Total demand per month for the divisions (units) |
3,000 |
3200 |
3600 |
In: Economics
In: Accounting
Citation Builders,
Inc., builds office buildings and single-family homes. The office
buildings are constructed under contract with reputable buyers. The
homes are constructed in developments ranging from 10–20 homes and
are typically sold during construction or soon after. To secure the
home upon completion, buyers must pay a deposit of 10% of the price
of the home with the remaining balance due upon completion of the
house and transfer of title. Failure to pay the full amount results
in forfeiture of the down payment. Occasionally, homes remain
unsold for as long as three months after construction. In these
situations, sales price reductions are used to promote the
sale.
During 2018, Citation began construction of an office building for
Altamont Corporation. The total contract price is $27 million.
Costs incurred, estimated costs to complete at year-end, billings,
and cash collections for the life of the contract are as
follows:
| 2018 | 2019 | 2020 | |||||||||
| Costs incurred during the year | $ | 5,400,000 | $ | 12,825,000 | $ | 6,075,000 | |||||
| Estimated costs to complete as of year-end | 16,200,000 | 6,075,000 | — | ||||||||
| Billings during the year | 2,700,000 | 13,500,000 | 10,800,000 | ||||||||
| Cash collections during the year | 2,430,000 | 12,170,000 | 12,400,000 | ||||||||
Also during 2018, Citation began a development consisting of 12
identical homes. Citation estimated that each home will sell for
$940,000, but individual sales prices are negotiated with buyers.
Deposits were received for eight of the homes, three of which were
completed during 2018 and paid for in full for $940,000 each by the
buyers. The completed homes cost $705,000 each to construct. The
construction costs incurred during 2018 for the nine uncompleted
homes totaled $4,230,000.
Required:
1.
Which method is most equivalent to recognizing revenue at the point
of delivery?
2. Answer the following questions assuming that
Citation uses the completed contract method for its office building
contracts:
2-a. How much revenue related to this contract
will Citation report in its 2018 and 2019 income statements?
2-b. What is the amount of gross profit or loss to
be recognized for the Altamont contract during 2018 and 2019?
2-c. What will Citation report in its December 31,
2018, balance sheet related to this contract? (Ignore cash.)
3. Answer the following questions assuming that
Citation uses the percentage-of-completion method for its office
building contracts.
3-a. How much revenue related to this contract
will Citation report in its 2018 and 2019 income statements?
3-b. What is the amount of gross profit or loss to
be recognized for the Altamont contract during 2018 and 2019?
3-c. What will Citation report in its December 31,
2018, balance sheet related to this contract? (Ignore cash.)
4. Assume the same information for 2018 and 2019,
but that as of year-end 2019 the estimated cost to complete the
office building is $12,150,000. Citation uses the
percentage-of-completion method for its office building
contracts.
4-a. How much revenue related to this contract
will Citation report in the 2019 income statement?
4-b. What is the amount of gross profit or loss to
be recognized for the Altamont contract during 2019?
4-c. What will Citation report in its 2019 balance
sheet related to this contract? (Ignore cash.)
5. Which method of accounting should Citation
Builders, Inc adopt for its single-family houses?
6. What will Citation report in its 2018 income
statement and 2018 balance sheet related to the single-family home
business (ignore cash in the balance sheet)?
?i already posted this question before but got wrong soljution can
you please make sure this time that answer is correct
In: Accounting
You have to include the appropriate output in your report. Your analysis output should be properly shaped such as changing the decimal points, copy, and pasted on to your report paper. when you label your output, specify what program did you use to bring the regression output. Ex: Excel Regression Analysis. Submit in one file using docs or PDF format. (1-2 page including regression output)
| Price | Number of Subscribers (Thousands) | Cost of License Fees (Thousands) | Divisional Sales, General and Administrative Costs (Thousands) |
| $5.00 | 29.974 | $ 134.883 | $ 14.50 |
| $5.50 | 29.256 | $ 131.651 | $ 14.50 |
| $6.00 | 17.822 | $ 80.199 | $ 14.50 |
| $6.50 | 22.657 | $ 101.956 | $ 14.50 |
| $7.00 | 19.897 | $ 89.537 | $ 14.50 |
| $7.50 | 16.671 | $ 75.017 | $ 14.50 |
| $8.00 | 20.492 | $ 92.213 | $ 14.50 |
| $8.50 | 20.000 | $ 89.998 | $ 14.50 |
| $9.00 | 19.760 | $ 88.920 | $ 14.50 |
| $9.50 | 17.123 | $ 77.053 | $ 14.50 |
| $10.00 | 12.644 | $ 56.896 | $ 14.50 |
| $10.50 | 12.785 | $ 57.531 | $ 14.50 |
| $11.00 | 12.216 | $ 54.974 | $ 14.50 |
| $11.50 | 13.246 | $ 59.608 | $ 14.50 |
| $12.00 | 8.637 | $ 38.867 | $ 14.50 |
| $12.50 | 10.595 | $ 47.678 | $ 14.50 |
| $13.00 | 5.857 | $ 26.357 | $ 14.50 |
| $13.50 | 2.615 | $ 11.768 | $ 14.50 |
| $14.00 | 2.739 | $ 12.326 | $ 14.50 |
| $14.50 | 5.291 | $ 23.809 | $ 14.50 |
| $15.00 | 3.051 | $ 13.730 | $ 14.50 |
We recently added the EPIX Movie Channels as part of a new tier of
programming for our digital video subscribers. The EPIX channels
are sold as an add-on package for $9.75 per month, but we would
like to potentially increase our revenue from our subscriber base.
Currently we have about 15,059 subscribers, generating monthly
revenue of $146,823.
Some have suggested we should cut price, as customers tend to be fairly price sensitive for add-on packages. However, in this case, if we lower price for our new subscribers, we really need to cut it to all of our existing subscribers as well. I have some concerns that lowering price will be counter-productive.
The marketing department calculated some subscription levels at various price points in this region, and I need you to perform the analysis. Specifically, I want you to estimate the price sensitivity of customers at the current price. Please address the following questions:
(1) If we lower the price, do you think this is likely to lead to higher revenue, and
(2) how much potential revenue can we generate and how low should go with our price.
Can you please describe what you mean by "reference" this was all the information provided by my professor.
In: Economics
Question 11 pts
Which of the following are in accordance with generally accepted accounting principles?
| cash basis accounting |
| accrual basis accounting |
| both cash and accrual basis accounting |
| neither the cash or accrual basis accounting |
Flag this Question
Question 21 pts
The balance in the office supplies account on June 1 was $4,300, supplies purchased during June were $1,500, and the supplies on hand at June 30 were $2,000. The amount to be used for the appropriate adjusting entry is
| 2000 |
| 2300 |
| 3800 |
| 1500 |
Flag this Question
Question 31 pts
Melman Company purchased equipment for $5,000 on Novmber 1. It is estimated that annual depreciation on the computer will be $960. If financial statements are to be prepared on December 31, the company should make the following adjusting entry:
| Debit Depreciation Expense, $960; Credit Accumulated Depreciation, $960. |
| Debit Depreciation Expense, $80; Credit Accumulated Depreciation, $80. |
| Debit Depreciation Expense, $160; Credit Accumulated Depreciation, $160. |
| Debit Accumulated Depreciation, $960; credit Depreciation Expense $960. |
Flag this Question
Question 41 pts
Adjusting entries do not include what account?
| accounts receivable |
| supplies |
| service revenue |
| cash |
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Question 51 pts
Action Real Estate received a check for $12,000 on July 1 which represents a 6 month advance payment of rent on a building it rents to a client. Unearned Rent was credited for the full $12,000. Financial statements will be prepared on July 31. Action Real Estate should make the following adjusting entry on July 31:
| Debit Rental Revenue, $2,000; Credit Unearned Rent, $2,000. |
| Debit Unearned Rent, $12,000; Credit Rental Revenue, $12,000. |
| Debit Cash, $12,000; Credit Rental Revenue, $12,000. |
| Debit Unearned Rent, $2,000; Credit Rental Revenue, $2,000. |
Flag this Question
Question 61 pts
The balance in the Prepaid Rent account before adjustment at the end of the year is $8,000, which represents two months’ rent paid on December1. The adjusting entry required on December 31 is to
| debit Rent Expense, $8,000; credit Prepaid Rent $8,000. |
| debit Prepaid Rent, $4,000; credit Rent Expense, $4,000. |
| debit Rent Expense, $4,000; credit Prepaid Rent, $4,000. |
| debit Prepaid Rent, $8,000; credit Rent Expense, $8,000. |
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Question 71 pts
If a business has received cash in advance of services performed and credits a liability account, the adjusting entry needed after the services are performed will be
| debit Unearned Revenue and credit Cash. |
| debit Unearned Revenue and credit Service Revenue. |
| debit Unearned Revenue and credit Prepaid Expense. |
| debit Unearned Revenue and credit Accounts Receivable. |
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Question 81 pts
Adjusting entries are
| not necessary if the accounting system is operating properly. |
| usually required before financial statements are prepared. |
| made whenever management desires to change an account balance. |
| made to balance sheet accounts only. |
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Question 91 pts
Artie's City College sold season tickets for the 2012 football season for $80,000. A total of 8 games will be played during September, October and November. In September, three games were played. The adjusting journal entry at September 30
| is not required. No adjusting entries will be made until the end of the season in November. |
| will include a debit to Ticket Revenue and a credit to Unearned Ticket Revenue for $10,000. |
| will include a debit to Unearned Ticket Revenue and a credit to Ticket Revenue for $30,000. |
| will include a debit to Cash and a credit to Ticket Revenue for $40,000. |
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Question 101 pts
Cindy’s Chocolates paid employee wages on and through Friday, January 26, and the next payroll will be paid in February. There are three more working days in January (29–31). Employees work 5 days a week and the company pays $2500 per week in wages. What will be the adjusting entry to accrue wages expense at the end of January?
| debit Wages Expense and credit Wages Payable for $500 |
| debit Wages Payable and credit Wages Expense for $500 |
| debit Wages Expense and credit Wages Payable for $1500 |
| debit Wages Expense and credit Wages Payable for $2500 |
In: Accounting
Is all of this correct?
Journal Entries
| Cash | 4000 | |
| Common Stock | 4000 | |
| Cash | 5000 | |
| Notes Payable | 5000 | |
| Rent Expense | 900 | |
| Cash | 900 | |
| Supplies | 450 | |
| Accounts Payable | 450 | |
| Equipment | 7200 | |
| Cash | 7200 | |
| Equipment | 2850 | |
| Cash | 1350 | |
| Accounts Payable | 1500 | |
| Prepaid Advertising | 375 | |
| Advertising Expense | 125 | |
| Cash | 500 | |
| Insurance Expense | 225 | |
| Cash | 225 | |
| Cash | 2625 | |
| Service Revenue | 2625 | |
| Cash | 5125 | |
| Unearned Service Revenue | 5125 | |
| Accounts Recievable | 1500 | |
| Service Revenue | 1500 | |
| Accounts Payable | 600 | |
| Cash | 600 | |
| Cash | 1300 | |
| Accounts Recievable | 1300 | |
| Dividends | 1000 | |
| Cash |
1000 |
Adjusting Entries and Closing Entries
| ADJUSTING ENTRIES | |||
| A1 | Interest Expense | 42 | |
| Interest Payable | 42 | ||
| A2 | Supplies Expense | 250 | |
| Supplies | 250 | ||
| A3 | Depreciation Expense | 167 | |
| Accumulated Depreciation-Equipment | 167 | ||
| A3b | Depreciation Expense | 40 | |
| Accumulated Depreciation-Equipment | 40 | ||
| A4 | Unearned Revenue | 1000 | |
| Service Revenue | 1000 | ||
| A5 | Accounts Recievable | 330 | |
| Service Revenue | 330 | ||
| A6 | Salaries and Wages Expense | 2060 | |
| Salaries and Wages Payable | 2060 | ||
| A7 | Utility Expense | 150 | |
| Utilities Payable | 150 | ||
| A8 | Income Tax Expense | 167 | |
| Income Tax Payable | 167 | ||
| CLOSING ENTRIES | |||
| C1 | Service Revenue | 5455 | |
| Income Summary | 5455 | ||
| C2 | Income Summary | 4126 | |
| Salaries and Wages Expense | 2060 | ||
| Depreciation Expense | 207 | ||
| Insurance Expense | 225 | ||
| Utilities Expense | 150 | ||
| Income Tax Expense | 167 | ||
| Interest Expense | 42 | ||
| Supplies Expense | 250 | ||
| Rent Expense | 900 | ||
| Advertising Expense | 125 | ||
| C3 | Income Summary | 1354 | |
| Retained Earnings | 1354 | ||
| C4 | Retained Earnings | 1000 | |
| Dividends | 1000 |
Worksheet
| JACKSON TUTORING SERVICES, INC. WORKSHEET 1/31/2018 | ||||||||||
| Unadjusted | Adjusted | |||||||||
| Trial Balance | Adjusting Entries | Trial Balance | Income Statement | Balance Sheet | ||||||
| Account Title | Debit | Credit | Debit | Credit | Debit | Credit | Debit | Credit | Debit | Credit |
| Cash | 6,275 | 6,275 | 6,275 | |||||||
| Supplies | 450 | 250 | 200 | 200 | ||||||
| Accounts Rec. | 200 | 330 | 530 | 530 | ||||||
| Prepaid Advertising | 375 | 375 | 375 | |||||||
| Equipment | 10,050 | 10,050 | 10,050 | |||||||
| Accum. Depr. | 207 | 207 | 207 | |||||||
| Notes Payable | 5,000 | 5,000 | 5,000 | |||||||
| Interest Payable | 42 | 42 | 42 | |||||||
| Unearned Revenue | 5,125 | 1,000 | 4,125 | 4,125 | ||||||
| Accounts Payable | 1,350 | 1,350 | 1,350 | |||||||
| Utilities Payable | 150 | 150 | 150 | |||||||
| Inc. Taxes Payable | 167 | 167 | 167 | |||||||
| Sal. & Wages Pay. | 2,060 | 2,060 | 2,060 | |||||||
| Common Stock | 4,000 | 4,000 | 4,000 | |||||||
| Dividends | 1,000 | 1,000 | ||||||||
| Retained Earnings | 329 | |||||||||
| Service Revenue | 4,125 | 1,330 | 5,455 | 5,455 | ||||||
| Sal. & Wages Exp. | 2,060 | 2,060 | 2,060 | |||||||
| Depr. Exp. | 207 | 207 | 207 | |||||||
| Insurance Expense | 225 | 225 | 225 | |||||||
| Utilities Expense | 150 | 150 | 150 | |||||||
| Income Tax Exp. | 167 | 167 | 167 | |||||||
| Interest Exp. | 42 | 42 | 42 | |||||||
| Suppies Expense | 250 | 250 | 250 | |||||||
| Rent Expense | 900 | 900 | 900 | |||||||
| Advertising Exp. | 125 | 125 | 125 | |||||||
| 19,600 | 19,600 | 4,206 | 4,206 | 22,556 | 22,556 | 4,126 | 5,455 | 17,430 | 17,430 | |
| 1,329 | ||||||||||
Post Closing Trial Balance
| JACKSON TUTORING SERVICES, INC. | ||||
| Post-Closing Trial Balance | ||||
| 31-Jan-18 | ||||
| Account Title | Debit | Credit | ||
| Cash | $6,275 | |||
| Equipment | 10050 | |||
| Supplies | 200 | |||
| Prepaid Advertising | 375 | |||
| Accounts Recievable | 530 | |||
| Accumulated Depreciation | 207 | |||
| Accounts Payable | 1350 | |||
| Notes Payable | 5000 | |||
| Interest Payable | 42 | |||
| Salaries and Wages Payable | 2060 | |||
| Income Tax Payable | 167 | |||
| Utilities Payable | 150 | |||
| Unearned Revenue | 4125 | |||
| Common Stock | 4000 | |||
| Retained Earnings | $329 | |||
| $17,430 | $17,430 | |||
| Totals | ||||
These are the journal entries and the adjusting journal entries
| Issued common stock in exchange for $4,000 cash. | ||||||||
| Borrowed $5,000 by issuing a 2-year, 10% note payable to SunTrust Bank. | ||||||||
| Paid $900 for January rent. | ||||||||
| Purchased supplies on account for $450 from Traveler's Supply Company. | ||||||||
| Purchased equipment for $7,200 cash from DSI Computer Company. The equipment has a 3 year life and a $1,200 salvage value. | ||||||||
| Purchased additional equipment from Bebo's Office Supply Co., paying cash of $1,350 and putting $1,500 on account. The equipment has a 5 year life and $450 salvage value. | ||||||||
| Paid $125 for advertisements to run in the current month and $375 for ads to run in February-April. | ||||||||
| Paid the January insurance premium of $225. | ||||||||
| Performed services for $2,625 cash. | ||||||||
| Received cash advance of $5,125 for services to be performed on a 5- month contract beginning in January. | ||||||||
| Performed services and billed customers $1,500. | ||||||||
| Made a $600 payment on account to Traveler's Office Supply Company . | ||||||||
| Collected $1,300 from customers on account. | ||||||||
| Declared and paid dividends of $1,000 cash. | ||||||||
| Journalize transactions 1-14 on page 1 of the general journal. Label the entries 1-14. | ||||||||
| Post the journal entries to the ledger t-accounts using Excel formulas. Include the journal entry number as a posting reference. | ||||||||
| Prepare a worksheet formatting the cells in Excel and using the following information: | ||||||||
| 1 | Accrue interest expense on the note assuming that the date of the loan was January 2 (use 30/360 and round to the nearest dollar). | |||||||
| 2 | Supplies on hand at January 31 total $200. | |||||||
| 3 | Assume that all of the equipment was purchased at the beginning of January. Record January depreciation expense using the straight-line method (round to the nearest dollar). | |||||||
| 4 | The cash advance is earned ratably over the 5-month period. | |||||||
| 5 | The company has earned $330 of revenue that has not yet been billed to customers. | |||||||
| 6 | Jackson pays its employees on the first of every month. Salaries earned during the month of January total $2,060. | |||||||
| 7 | On January 29, Jackson received the current month's utility bill for $150. The bill is due on February 16. | |||||||
| 8 | Jackson estimates that the company will pay an income tax rate of 11%. | |||||||
In: Accounting
Explain the difference between positive and normative economics. Then, go online and find three economic facts. State each facts positively and then state each one of them normatively.
In: Economics