DURAPLAST Company Ltd., opened its doors in 1979 as a wholesale supplier of plumbing equipment, tools, and parts to hardware stores, home-improvement centers, and professional plumbers in the Accra-Tema Metropolitan area. Over the years they have expanded their operations to serve customers across the nation and now employ over 200 people as technical representatives, buyers, warehouse workers, and sales and office staff. Most recently DURAPLAST has experienced fierce competition from the large online discount stores such as Qualiplast and Interplast. In addition, the company is suffering from operational inefficiencies related to its archaic information system. DURAPLAST’s revenue cycle procedures are described in the following paragraphs.

Revenue Cycle

DURAPLAST’s sales department consists of 17 full-time and part-time employees. They receive orders via traditional mail, e-mail, telephone, and the occasional walk-in. Because DURAPLAST is a wholesaler, the vast majority of its business is conducted on a credit basis. The process begins in the sales department, where the sales clerk enters the customer’s order into the centralized computer sales order system. The computer and file server are housed in DURAPLAST’s small data processing department. If the customer has done business with DURAPLAST in the past his or her data are already on file. If the customer is a first-time buyer, however, the clerk creates a new record in the customer file. The system then creates a record of the transaction in the open sales order file. When the order is entered, an electronic copy of it is sent to the customer’s e-mail address as confirmation.
A clerk in the warehouse department periodically reviews the open sales order file from a terminal and prints two copies of a stock release document for each new sale, which he uses to pick the items sold from the shelves. The warehouse clerk sends one copy of the stock release to the sales department and the second copy, along with the goods, to the shipping department.
The warehouse clerk then updates the inventory subsidiary file to reflect the items and quantities shipped. Upon receipt of the stock release document, the sales clerk accesses the open sales order file from a terminal, closes the sales order, and files the stock release document in the sales department. The sales order system automatically posts these transactions to the sales, inventory control, and cost-of-goods sold accounts in the general ledger file.

Upon receipt of the goods and the stock release, the shipping department clerk prepares the goods for shipment to the customer. The clerk prepares three copies of the bill of lading. Two of these go with the goods to the carrier and the third, along with the stock release document, is filed in the shipping department. The billing department clerk reviews the closed sales orders from a terminal and prepares two copies of the sales invoice. One copy is mailed to the customer and the other is filed in the billing department. The clerk then creates a new record in the account receivable subsidiary file. The sales order system automatically updates the account receivable control account in the general ledger file.

DURAPLAST has hired you to review its sales order procedures for internal control compliance and to make recommendations for changes.

You are required to:
2. Create a system flowchart of the existing system.

Write a program that determines which of the company’s four divisions (Northeast, Southeast, Northwest, and Southwest) had the greatest sales for the quarter. It should include the following two functions, which are called by main.

Rewrite the “getSales” function in the “winning division”program.

◦The function has no return value;

◦The function accepts one reference variable to a double and one string variable as arguments.

◦Your program still needs to call getSalesfour times for each division to get their quarterly sales figures.

This is the code I have so far.

#include <iostream>
#include <string>
using namespace std;

//Prototypes
double getSales(string, double&);
void findHighest(double, double, double, double);

int main()
{
   //Variables for each division's sales
   double NE_sales, SE_sales, NW_sales, SW_sales;
   double s1, s2, s3, s4;

   //Getting the values for each division's sales
   NE_sales = getSales("Northeast", s1);
   SE_sales = getSales("Southeast", s2);
   NW_sales = getSales("Northwest", s3);
   SW_sales = getSales("Southwest", s4);

   //Finding the highest sales
   findHighest(NE_sales, SE_sales, NW_sales, SW_sales);

   system("pause");

   return 0;
}

//Getting sales for each division
double getSales(string name, double &salesRef)
{
   double sales;

   cout << "Please enter the sales for " << name << " division: ";
   cin >> sales;

   //Input validation
   while (sales < 0)
   {
       cout << "Please enter a positive number for the sales for " << name << " division: ";
       cin >> sales;
   }
   salesRef = sales;
   //Returning sales for this division
   return sales;
}

//Finding highest sales
void findHighest(double divNE, double divSE, double divNW, double divSW)
{
   double maxSales;

   //Comparing each division
   maxSales = max(max(max(divNE, divSE), divNW), divSW);

   cout << endl;

   //Outputting result once max is known
   if (maxSales == divNE)
       cout << "The Northeast division grossed the most with a total of $" << divNE << endl;
   else if (maxSales == divSE)
       cout << "The Southeast division grossed the most with a total of $" << divSE << endl;
   else if (maxSales == divNW)
       cout << "THe Northwest division grossed the most with a total of $" << divNW << endl;
   else
       cout << "The Southwest division grossed the most with a total of $" << divSW << endl;

   return;
}

I don't know if I did the reference variable right or how to make the function have no return value.

Exercise 9-11 (Video)

Atlanta Company is preparing its manufacturing overhead budget for 2020. Relevant data consist of the following.

Prepare the manufacturing overhead budget for the year, showing quarterly data. (Round overhead rate to 2 decimal places, e.g. 1.25. List variable expenses before fixed expense.)

IBM announced its 1982 earnings per share (EPS) for the fourth quarter of 1982 on Friday, January 21, 1983. EPS was up 28 percent from the fourth quarter of 1981. Nevertheless, IBM's stock price dropped by $3.25 to $94.625. Security analysts explained the price drop by noting that an unexpectedly large part of the increase was due to an accounting restatement required by the Financial Accounting Standards Board's order FASB 52. The "true" increase in EPS was thought to be correspondingly less. On Monday, January 24, IBM's stock price dropped by $.75 more, although overall market indexes were down sharply (-2.75 percent). Later in the day, IBM issued a statement clarifying the impact of FASB 52. IBM's EPS would have been just as high under prior accounting rules (FASB 8). "'The confusion on Friday was that we didn't have enough detail,' [said] Barry Tarasoff, an analyst at Goldman, Sachs & Co. ‘WeIl, we got it today, and the fourth quarter looks fine.' On Tuesday, IBM's stock price rose by $2.125. Is this an efficient market at work? Discuss carefully.

You need to prepare the budget for Yellow tree for the quarter ending June 2018. The budget must be prepared monthly. The quarter consists of 13 weeks.

The forecasted sales are as follows:

The company’s policy changed the inventory policy to keep closing inventory of completed units at 25% of the following month’s sales. Opening inventory on the 1st of April was 475 units.

The labour information is as follows:

Normal working hours - 8 hours per day.

Weekend work None, only if overtime is required.

Number of employees - 20 currently Additional 10 employees will be employed for the month of June.

Normal time rate - R32.50 per hour.

Overtime rate 30% above normal time rate per hour.

Hours per unit - 3 hours.

Required:

1. Calculate the production budget for the quarter.

2. Calculate the budgeted labour hours per month. Split the hours between normal time and overtime.

3. Calculate the budgeted labour cost monthly. Split the cost between normal time and overtime.

Hi, could you please expand on this code to include: Total earnings per division (East, West, North and south); Highest and lowest per division (East, West, North and South) and total earning for the entire company. Thank you so very much! Lab12B.cpp ========= #include #include using namespace std; //program to prompt user for sales of any division in any quarter and save to binary file struct Division { char name; //values could be N, E , W or S int quarter; //values could be 1, 2, 3, 4 double sales; }; int main() { ifstream inFile("divisions.dat", ios::in | ios::binary); string ans = "y"; Division div; if(inFile.fail()) { cout << "Could not open divisions.dat for reading. Please use Lab12A to create the file" << endl; return 0; } cout << "Reading data from divisions.dat" << endl; inFile.read(reinterpret_cast(&div), sizeof(div)); while(!inFile.eof()) { cout << "Division name: " << div.name << endl; cout << "Quarter No.: " << div.quarter << endl; cout << "Sales amount: " << div.sales << endl << endl; inFile.read(reinterpret_cast(&div), sizeof(div)); } inFile.close(); }

read the following statement: "If it is a negative value, a net debit position, then they are earning less money than they are spending, creating a negative cash flow situation. This is where budgeting comes into play."

Agree or Disagree. Justify your position.

Lets imagine you want to reduce the public debt to gdp ratio (D/Y). What is the best method:

reducing govt. spending, increasing taxes, printing money or increasing potential output?

Explain your answer