Questions
13. Actual costs must be captured at the control account level. True False 14. The safety...

13. Actual costs must be captured at the control account level.

True

False

14. The safety inspector is testing 10 car seats for every 1000 car seats being produced. What earned value technique is the project using for this aspect of the project? (no multiple choice)

15. The 0/100 earned value technique has earned value when the task

has started

has been apportioned

has been completed

has some actual cost that can be associated with it

16. Which is true of earned value?

It is the actual cost plus the planned cost.

It is usually equal to the actual cost.

It is the work performed when compared to the actual cost of the work.

It is 100% of the completed tasks's budget

17. The software development work package starts on March 1st and will end during September of the same year. What earned value technique would not be advisable for this work package,

Percent complete

50/50 technique

Units complete

Equivalent units

In: Operations Management

the subject of human resources management Kinaxis is a software company headquartered in Ottawa, Ontario, that...

the subject of human resources management

Kinaxis is a software company headquartered in Ottawa, Ontario, that sells to clients around the world. Its specialty is software for supply chain management – all the processes and relationships through which companies obtain supplies as needed and get their products to customers on time and at minimal cost. This is a sophisticated type of product, tailored to a company’s specific needs. Therefore, depends on salespeople who understands how businesses work, who listen carefully to identify needs, and who provide excellent customer service to maintain long-term business relationships. Recently, Bob Dolan, Vice President for sales at Kinaxis, needed to hire a sales team to serve clients in North America. The company had just one salesperson serving the continent, and Dolan wanted to add four more. He received about 100 resumes and wanted to select from these. He started by reviewing the resumes against job requirements and selected 20 candidates for a first round of interviews. The interview process helped Dolan cut the list of candidates in half, so he needed another way to narrow his options.

Dolan decided his next step would be personality testing. He hired a firm called Opus Productivity Solutions to administer a test called PDP ProScan to remaining 10 candidates. In addition, Dolan himself took the test and had his current sales rep do the same. The existing salesperson was doing an excellent job, so the results of his test could help Dolan and Opus pinpoint the characteristics of someone likely to succeed in sales at Kinaxis. Based an analysis of all the results, Opus created a benchmark of traits associated with success in the job. Representatives from Opus also discussed the test results with each candidate, giving each one a chance to disagree with the scores. No one did. Dolan observed that all the candidates scored high in assertiveness and extroversion – not surprising for people in sales. In addition, two of them scored above the benchmark in conformity and below the benchmark in dominance. Those results suggested to Dolan that these candidates might be so eager to please that they would be quick to give in to whatever customers requested – a pattern that could become costly for the company.

Dolan eliminated those two candidates. That meant Dolan still had eight candidates to fill four positions. He asked each one to give him the names of major accounts he or she had signed up in the previous two years. Four candidates were able to come up with three or four large clients. Those were the candidates Dolan hired. Since then Dolan says his experience with personality testing has only reinforced his belief that this selection method helps Kinaxis identify the best candidates. For Example, one sales rep had scored low on “pace”, indicating that the individual might lack the patience needed for the slow cycles required to close a sale of a complex software system. Dolan hoped the issue could be overcome if he provided enough coaching, but in fact, the sales rep sometimes behaved impatiently, annoying prospects. After three years of trying to help him grow into the job, Dolan laid him off.

The company’s commitment to careful selection is expressed on its website: “As a growing and determined company, we’re always looking for people eager to push the limits each day of what’s possible”. Kinaxis was recently named one of Canada’s top employees for young people.

Discussion questions:

  1. What selection methods did Bob Dolan use for hiring salespeople? Did he go about using these methods in the best order? What if anything, would you change about the order of the methods?

(at least 1 page)       

2. Given the information gathered from the selection methods, what process did Dolan use to make his selection decision? What improvements can you recommend to this process for decisions to hire sales reps in the future? (at least 1 page)       

please do not copy from the internet I needed unique ans

In: Operations Management

1. Suppose the initial Brazilian real to US dollar exchange rate is 4 reals (or “reais”)...

1. Suppose the initial Brazilian real to US dollar exchange rate is 4 reals (or “reais”) to 1 US dollar. The cost to buy a specified market basket of same quality products is $500,000 in the U.S. and R$1,400,000 in Brazil. Valued in U.S. dollar terms, the market basket in Brazil costs $350,000. (This market basket cost represents the combined price of thousands of products, and so also indicates an average price for those products.)

(e) Product prices in the U.S. and Brazil have changed. Using the prices in domestic currencies

for the two countries, does the ratio of Brazilian market basket price US market basket price (brazilian market basket price/ us market basket price) move toward or away from the initial nominal exchange rate?

· For (e and j), use the (Brazilian price/US price) ratio so as to match the (Brazilian reals/US dollar) ratio.

(f) There has been a change in the amount of imports that Brazilian firms (wholesalers, retailers etc.) buy. With this change in the buying of foreign products, what happens to the supply of Brazilian reals in foreign exchange markets? (Compared to the previous period, for example.)

(g) What happens to the price (strength, value) of the Brazilian real?

(h) There has been a change in the amount of imports that American firms (wholesalers, retailers etc.) buy. With this change in the buying of foreign products, what happens to the supply of American dollars in foreign exchange markets? (Compared to the previous period, for example.)

In: Economics

JOURNAL PAGE 1 Date Account Title Post. Ref. Debit Credit 2018 Apr. 1 Cash 20000 Accounts...

JOURNAL PAGE 1
Date Account Title Post. Ref. Debit Credit
2018
Apr. 1 Cash 20000
Accounts receivable 14700
Supplies 3300
Office equipment 12000
Common stock 50000
(To record common stock issued)
Apr. 1 Prepaid rent 6000
Cash 6000
(To record rent prepaid)
Apr. 2 Prepaid insurance 4200
Cash 4200
(To record insurance prepaid)
Apr. 4 Cash 9400
Unearned fees 9400
(To record advance collected from customers)
Apr. 5 Office equipment 8000
Accounts payable 8000
(To record office equipment purchased on account)
Apr. 6 Cash 11700
Accounts receivable 11700
(To record collection on account)
Apr. 10 Miscellaneous expense 350
Cash 350
(To record advertising expense paid)
Apr. 12 Accounts payable 6400
Cash 6400
(To record collection on account)
Apr. 12 Accounts receivable 21900
Fees earned 21900
(To record fees earned on account)
Apr. 14 Salary expense 1650
Cash 1650
(To record salary paid)
JOURNAL PAGE 2
Date Account Title Post. Ref. Debit Credit
2018
Apr. 17 Cash 6600
Fees earned 6600
(To record cash fees earned)
Apr. 18 Supplies 725
Cash 725
(To record purchase of supplies)
Apr. 20 Accounts receivable 16800
Fees earned 16800
(To record fees earned on account)
Apr. 24 Cash 4450
Fees earned 4450
(To record cash fees earned)
Apr. 26 Cash 26500
Accounts receivable 26500
(To record collection on account)
Apr. 27 Salary expense 1650
Cash 1650
(To record salary paid)
Apr. 29 Miscellaneous expense 540
Cash 540
(To record telephone bill paid)
Apr. 30 Miscellaneous expense 760
Cash 760
(To record electricity bill paid)
Apr. 30 Cash 5160
Fees earned 5160
(To record cash fees earned)
Apr. 30 Accounts receivable 2590
Fees earned 2590
(To record fees earned on account)
Apr. 30 Dividends 18000
Cash 18000
(To record dividends paid)

Note: The advertising, telephone, and electricity expenses are debited to miscellaneous expense since there are no separate expense accounts provided for the same.

GENERAL JOURNAL PAGE 3
Date Account Title Post. Ref. Debit Credit
2018 Adjusting Entries
a. Apr. 30 Insurance expense 350
Prepaid insurance 350
(To record expired insurance)
b. Apr. 30 Supplies expense 2800
Supplies (3300 + 725 -1225) 2800
(To record supplies used)
c. Apr. 30 Depreciation expense 400
Accumulated depreciation 400
(To record depreciation expense)
d. Apr. 30 Salary expense 275
Salaries payable 275
(To record salary accrued)
e. Apr. 30 Rent expense 2000
Prepaid rent 2000
(To record expired rent)
f. Apr. 30 Unearned fees 7050
Fees earned (9400 - 2350) 7050
(To record fees earned)


Prepare an income statement, a retained earnings statement, and a balance sheet.

Rosebud Consulting
Income Statement
For the Month Ended April 30, 2018
Expenses:
Total Expenses


If an answer is zero, enter "0".

Rosebud Consulting
Retained Earnings Statement
For the Month Ended April 30, 2018


Rosebud Consulting
Balance Sheet
April 30, 2018
Assets Liabilities
Current assets: Current liabilities:
Total liabilities
Total current assets
Property, plant and equipment: Stockholders' Equity
Total property, plant and equipment Total stockholders' equity
Total assets Total liabilities and stockholders' equity

9. Journalize the closing entries on Page 4 of the journal. (Do not insert the account numbers in the journal at this time.) Post the closing entries to the general ledger in the spreadsheet. Then go back and enter the appropriate posting references in the journal. (Income Summary is account #34 in the chart of accounts.)

For a compound transaction, if an amount box does not require an entry, leave it blank.

GENERAL JOURNAL PAGE 4
Date Description Post.Ref. Debit Credit
2018 Closing Entries

10. Prepare a post-closing trial balance. List the accounts in order by type: Assets, Liablities, Capital, Dividends, Revenue, and Expenses. If an amount box does not require an entry, leave it blank.

Rosebud Consulting
Post-Closing Trial Balance
April 30, 2018
Debit Balances Credit Balances


In: Accounting

Australian Taxation Combination Q1: Miss Russell QC (Queen’s Council) is a lawyer by day and a...

Australian Taxation

Combination Q1:

Miss Russell QC (Queen’s Council) is a lawyer by day and a university lecturer by night. She receives salary from the law firm of $100,000 and salary from the University of $50,000. She is single and has private health insurance from 1 January 2019 to 30 June 2019.

During the year Miss Russell had to travel to see clients. She acquired the car on 1 October 2018 for $60,000. The acquisition cost was funded entirely by a loan at an interest rate of 15%. She has determined that the depreciation deduction on the car would be $2,300 for the year. In addition, Miss Russell incurred the following expenses during the year:

 Registration and insurance $2,000

 Repairs and maintenance $1,000

 Oil and fuel costs $1,500

For the period 1 October 2018 to 30 June 2019, Miss Russell estimates the car travelled a total of 15,000 km, 12,000 of which were for business purposes.

She kept a logbook of all of her travels. Miss Russell also has mobile phone that she uses only for business purposes.

The cost of the phone is $300 per month and she pays this herself. Miss Russell also received $10,000 dividends on the 28 June 2019. These were partially franked to 80%.

Calculate Miss Russell’s net tax payable as at 30 June 2019.

In: Accounting

Which of the following scenarios would it be appropriate to use a normal approximation for the...

Which of the following scenarios would it be appropriate to use a normal approximation for the sampling distribution of the sample proportion?

Select one:

A researcher wishes to find the probability that more than 60% of a sample of undergraduate students from UNC will be female. She samples the first 42 students that walk into the gym on Monday morning. The population proportion of undergraduate females at UNC is known to be 60.1%.

A researcher wishes to find the probability that less than 5% of a sample of undergraduate students from Appalachian State University will be between the ages of 25 and 34. He randomly samples 50 undergraduate students from the student database. The proportion of undergraduates between the ages of 25 and 34 is 5.3%.

A grad student at NC state wants to know how likely it is that a group of students would be made up of more than 27% graduate students. She will randomly select 38 students and ask them if they are a graduate student or an undergraduate student. The population proportion of grad students at NC state is 26.6%.

A full-time student at Fayetteville State University wants to know how likely it is that a group of students would be made up of less than 70% full-time students. She will ask 30 people that she sees parking in the parking deck if they are full-time or part-time. The population of full-time students at Fayetteville State is known to be 72%.

In: Statistics and Probability

Write a letter to the operations manager of your company who has omitted important procedures in...

Write a letter to the operations manager of your company who has omitted important procedures in operations. You work as a manufacturing operations analyst in an aerospace company

In: Operations Management

1.What is the brief history of the fortune 500 company Costco. Who is the founder? Where?...

1.What is the brief history of the fortune 500 company Costco. Who is the founder? Where? When?

2. Do an. internal analysis of the company.(SWOT, etc)

In: Economics

29. LO.1, 3, 6 Terri, age 16, is a dependent of her parents in 2019. During...

29. LO.1, 3, 6 Terri, age 16, is a dependent of her parents in 2019. During the year, Terri earned $5,000 in interest income and $3,000 from part-time jobs. a. What is Terri’s taxable income? b. What is Terri’s net unearned income? c. What is Terri’s tax liability?

In: Accounting

The following accounts were taken from the Adjusted Trial Balance columns of the end-of-period spreadsheet for...

The following accounts were taken from the Adjusted Trial Balance columns of the end-of-period spreadsheet for April 30, for Finnegan Co.:

Accumulated Depreciation

$32,000

Fees Earned

78,000

Depreciation Expense

7,250

Rent Expense

34,000

Prepaid Insurance

6,000

Supplies

400

Supplies Expense

1,800

Prepare an income statement.

In: Accounting