Waterways Corporation is preparing its budget for the coming year, 2020. The first step is to plan for the first quarter of that coming year. The company has gathered information from its managers in preparation of the budgeting process.

Waterways likes to keep 10% of the next month’s unit sales in ending inventory. All sales are on account. 85% of the Accounts Receivable are collected in the month of sale, and 15% of the Accounts Receivable are collected in the month after sale. Accounts receivable on December 31, 2019, totaled $181,800.

Direct Materials

Direct materials cost 80 cents per pound. Two pounds of direct materials are required to produce each unit.

Waterways likes to keep 5% of the materials needed for the next month in its ending inventory. Raw Materials on December 31, 2019, totaled 11,380 pounds. Payment for materials is made within 15 days. 50% is paid in the month of purchase, and 50% is paid in the month after purchase. Accounts Payable on December 31, 2019, totaled $102,875.

Other Information

The Cash balance on December 31, 2019, totaled $101,000, but management has decided it would like to maintain a cash balance of at least $800,000 beginning on January 31, 2020. Dividends are paid each month at the rate of $2.40 per share for 5,340 shares outstanding. The company has an open line of credit with Romney’s Bank. The terms of the agreement requires borrowing to be in $1,000 increments at 9% interest. Waterways borrows on the first day of the month and repays on the last day of the month. A $460,000 equipment purchase is planned for February.

For the first quarter of 2020, prepare a cash budget. (Round answers to 0 decimal places, e.g. 2,520.

its response from a discussion board post. 1. Based on your results for the Path-Goal Leadership Questionnaire, which leadership styles do you use most often and less ofte Based on the Authentic Leadership questionnaire, did you score high or low Summarize your results for each questionnaires and share your thoughts on your overall leadership skill set and style of leading.

Help responding in 150 ore more words given details

My results from the Path-Goal Leadership questionnaire indicated participative and supportive styles as most often, directive often, and achievement-oriented least often. My understanding of the path-goal leadership theory is my behavior style choice as a leader impacts an employee’s path to goal achievement, creating the opportunity to make the path as smooth as possible by providing the necessary conditions for effective performance. What is most interesting is that regardless of style used, the situational factors presented by the employee determine acceptability of the leader’s behavior. And that these situational factors can be different for each employee or employees grouped by like-tasks. My use of participative and supportive leadership styles is in line with what the text refers to as the situational factors that make this behavior favorable. The work conducted in my organization can be stressful and frustrating, is certainly not repetitive, and has various opportunities for personal-ego fulfillment such as opportunities to engage with power positions like state and local elected officials. However, our work also can be ambiguous, which best pairs with the styles I scored the lowest, achievement-oriented and directive. I am intuitive and feeling preference, so I am not surprised by my frequent styles. I do think that I bring a high level of effectiveness to the organization through participative and supportive leadership. I do recognize that as a leader I need to improve by ability to set clear expectations and challenging goals without the fear of conflict preventing my ability to execute these essential leadership tasks. The Authentic Leadership questionnaire resulted in average score of 15.75, with only relative transparency falling into the low range. I think it is most interesting how life experience and life course impacts the development of authentic leadership; to me this connects back to the S-R/R-S theories- once you have been burned, you do not touch the stove until you know if it is hot or cold. In my organization, we refer to this as “leadership lessons learned”. These lessons learned build upon the leader’s self-awareness and self-regulation. I recognize my lower score in relational transparency being directly related to past experiences. In order to further develop as an authentic leader, I should place more focus on bringing the desired future-state to the present and less of the past-state to the present thus enhancing self-vulnerability through relational transparency.

1. The following quote is excerpted from The Wall Street Journal, “Small Companies Slowly Build Momentum in the Job Market” [December 4, 2003; p. A1].

     After a long dry spell, hosts of small firms across the country are starting to take on workers again – a significant step in an economic recovery that hasn’t seen much job creation. The nation’s 23 million small businesses employ an estimated 57.1 million workers – more than half of all private-sector employees – and create more than half of the nonfarm private gross domestic product, according to the Small Business Administration.

     A wave of small-business hiring could help sustain consumer confidence and tide the economy over until larger companies regain the will to significantly boost payrolls—and begin restoring the 2.4 million jobs lost nationwide since the recession began in March 2001.

     Some large companies, benefiting from rising orders for consumer products and stronger business spending, have added people as well. November payroll numbers, drawn mainly from bigger companies, and due out Friday ... don’t detect the degree of activity by small businesses. Monthly employment data aren’t broken down by size; job-creation data specifically about smaller firms are available only annually. And employment data, drawn from surveys of established companies, often miss small start-ups. During the 20 months after the 1991 recession ended, the government said that the economy generated 303,000 jobs. The number was eventually bumped up to 663,000 because the initial surveys included only established companies.

The Bureau of Labor Statistics (BLS) publishes two main surveys on employment statistics. First, describe these two surveys and how they differ; explain the potential biases in the two surveys that could cause them to give divergent results on job growth during the beginning of an economic expansion. Second, the establishment survey data is used in computing labor productivity. There was a reported 9.4% year-to-year rise in output per worker per hour in the 3rd quarter 2003. How is labor productivity measured and why should you be suspicious that such a spectacular increase actually occurred? What factors could cause a rise in average labor productivity? Carefully explain.

Herald company, a jacket selling company, prepares its master budget for the year 2020 on a quarterly basis. The budget officer has gathered the following data:

1. Estimated Sales for each quarter is $230,000. All sales are on credit and all sales are collected in the following quarter.

2. Cost of goods sold for each quarter is $100,000.

3. Variable selling and administrative expenses for each jacket are 10% sales commission.

4. Fixed selling and administrative (S&A) expenses for the year are:

5. The company expects to borrow $80,000 on April, 1, 2020. No principal will be repaid during the year; Interest rate at an annual rate of 10% is due quarterly.

6. The company will declare $3,000 dividend in December 2020, which will be paid in January 2021.

The company's expected total cash receipt from sales is $690,000 and expected cash disbursements from manufacturing costs is $90,000 during the year 2020. If the year's beginning balance of cash is $25,000, what is the ending balance of cash in the year 2020?

Lebaum Corporation uses the weighted-average method in its process costing system. Data concerning the second processing department for the most recent month are listed below:

What is the cost of units completed and transferred out? (Choose the closest answer).

Alrex company is using an activity-based costing (ABC) system. The company produces and sells two products: Basic and Pro. The company consists of two departments: Production (where all manufacturing activities are taken) and Marketing (which engages in selling and admin activity only). The ABC system includes in unit product costs all costs easily associated with units. In addition, in the ABC system, there are four major indirect activities: Machine Setups, Special Processing, Factory Supervision, and Customer Relation.

The prices, direct material cost (DM), shipping cost and direct labor-hours (DLHs) are given below for one unit of the product, as well as the total units produced and sold.

The company collected the data for ABC as follows:

The company has two major customers (A and B), who buy their products in the amounts in the table below.

How much is the ABC customer margin of customer B? (Choose the closest amount.)

Given last month’s March employment report (released Friday April 3), what is your expectation for GDP in the 2nd quarter of 2020 and inflation

You are required to prepare a Direct Material Budget for the second quarter (April to June) by considering a manufacturing company operating in Saudi Arabia as a sample study.

6-As a result of contractionary monetary​ policy,

A.interest rates​ fall, the dollar​ depreciates, and domestic goods become​ cheaper, thereby reducing net exports.

B.interest rates​ rise, the dollar​ appreciates, and domestic goods become​ cheaper, thereby increasing net exports.

C.interest rates​ rise, the dollar​ appreciates, and domestic goods become more​ expensive, thereby reducing net exports.

D.interest rates​ rise, the dollar​ appreciates, and domestic goods become​ cheaper, thereby reducing net exports.

15-As a result of an increase in the money​ supply, some banks may end up with excess reserves.

What is the likely​ result?

A.Banks will make more​ loans, thereby contributing to a decrease in aggregate demand.

B.Banks will raise interest rates.

C.Banks will make more​ loans, thereby contributing to an increase in aggregate demand.

D.Banks will spend the excess reserves by paying their employees more.

18-In an​ economy, the growth rate of GDP is known to be 5​%, the growth rate of the money supply is 10​%, and the velocity of money is constant.

According to the quantity theory of money and​ prices, in this​ economy, the inflation rate must be ?? how many percent%.

19-Suppose that each​ 0.1-percentage-point increase in the equilibrium interest rate induces a ​$4 billion decrease in real planned investment spending by businesses. In​addition, the investment multiplier is equal to 3​, and the money multiplier is equal to 5. ​Furthermore, every ​$9 billion decrease in the money supply brings about a​0.1-percentage-point increase in the equilibrium interest rate. Use this information to answer the following questions under the assumption that all other things are equal.

1- Calculate by how much the real planned investment must decrease if the Federal Reserve desires to bring about an ​$80 billion decrease in equilibrium real GDP.

​$?? billion.

​(Enter your response rounded to one decimal​ place.)

2-Calculate by how much must the money supply decrease for the Fed to induce the change in real planned investment to bring about an ​$80 billion decrease in equilibrium real GDP.

​$$$?? billion.

​(Enter your response rounded to one decimal​ place.)

3-Calculate the dollar amount of open market operations that the Fed must undertake to bring about the money supply decrease required for an ​$80 billion decrease in equilibrium real GDP.

​$??billion.

​(Enter your response rounded to one decimal​ place.)

The discussion forum this week involves Business Method Patents. First, in your view, what should the standard be for a business method patent? Second, please include a discussion of whether you think that Amazon should be able to patent the One-Click method of ordering goods AND whether you think Facebook should be able to patent a process that “dynamically provides a news feed about a user of a social network.” (Note: This question is adapted from p. 684 of the textbook.)