Waterways Corporation is a private corporation formed for the
purpose of providing the products and the services needed to
irrigate farms, parks, commercial projects, and private lawns. It
has a centrally located factory in a U.S. city that manufactures
the products it markets to retail outlets across the nation. It
also maintains a division that performs installation and warranty
servicing in six metropolitan areas.
The mission of Waterways is to manufacture quality parts that can
be used for effective irrigation projects that also conserve water.
By that effort, the company hopes to satisfy its customers, perform
rapid and responsible service, and serve the community and the
employees who represent them in each community.
The company has been growing rapidly, so management is considering
new ideas to help the company continue its growth and maintain the
high quality of its products.
Waterways was founded by Will Winkman who is the company president
and chief executive officer (CEO). Working with him from the
company’s inception is Will’s brother, Ben, whose sprinkler designs
and ideas about the installation of proper systems have been a
major basis of the company’s success. Ben is the vice president who
oversees all aspects of design and production in the company.
The factory itself is managed by Todd Senter who hires his line
managers to supervise the factory employees. The factory makes all
of the parts for the irrigation systems. The purchasing department
is managed by Helen Hines.
The installation and training division is overseen by vice
president Henry Writer, who supervises the managers of the six
local installation operations. Each of these local managers hires
his or her own local service people. These service employees are
trained by the home office under Henry Writer’s direction because
of the uniqueness of the company’s products.
There is a small human resources department under the direction of
Sally Fenton, a vice president who handles the employee paperwork,
though hiring is actually performed by the separate departments.
Teresa Totter is the vice president who heads the sales and
marketing area; she oversees 10 well-trained salespeople.
The accounting and finance division of the company is headed by Ann
Headman, who is the chief financial officer (CFO) and a company
vice president; she is a member of the Institute of Management
Accountants and holds a certificate in management accounting. She
has a small staff of accountants, including a controller and a
treasurer, and a staff of accounting input operators who maintain
the financial records.
A partial list of Waterways’ accounts and their balances for the
month of November follows.
| Accounts Receivable | $274,600 | |
| Advertising Expenses | 53,600 | |
| Cash | 260,700 | |
| Depreciation—Factory Equipment | 17,000 | |
| Depreciation—Office Equipment | 2,400 | |
| Direct Labor | 42,400 | |
| Factory Supplies Used | 16,700 | |
| Factory Utilities | 10,100 | |
| Finished Goods Inventory, November 30 | 68,700 | |
| Finished Goods Inventory, October 31 | 71,900 | |
| Indirect Labor | 48,300 | |
| Office Supplies Expense | 1,600 | |
| Other Administrative Expenses | 72,300 | |
| Prepaid Expenses | 41,500 | |
| Raw Materials Inventory, November 30 | 53,000 | |
| Raw Materials Inventory, October 31 | 38,400 | |
| Raw Materials Purchases | 183,700 | |
| Rent—Factory Equipment | 47,100 | |
| Repairs—Factory Equipment | 4,500 | |
| Salaries | 321,800 | |
| Sales Revenue | 1,341,800 | |
| Sales Commissions | 40,600 | |
| Work In Process Inventory October 31 | 52,800 | |
| Work In Process Inventory, November 30 | 41,600 |
A list of accounts and their values are given above. From this information, prepare a cost of goods manufactured schedule
A list of accounts and their values are given above. From this information, prepare an income statement.
In: Accounting
Background: The Clearfield Cheese Company was established by two brothers, Terry and Ted Edwards, in 1931, in Clearfield, Pennsylvania. This section of Central Pennsylvania's economy was based largely upon coal and agriculture at this point in time. The U.S. economy was in the throes of what is usually referred to as the Great Depression, and coal production and agriculture were both experiencing the effects of the slumping economy. The farms in the area were mostly small- to medium-size dairy operations. The farmers were under financial duress because they could not sell their milk in the local area for a price to cover their cost of production. There were better market opportunities in Pittsburgh and Harrisburg, Pennsylvania, but their transportation costs put their "landed cost" at a disadvantage with dairy farmers in Erie, Pennsylvania, and Eastern Ohio. The Edwards brothers were not farmers but rather entrepreneurs and owned several tanker trucks, which could be used for hauling milk. They decided that instead of using their equipment to haul milk to potential markets for very meager profits they would start a cheese processing operation in Clearfield. They had some savings and were able to borrow money from The First National Bank of Clearfield, which was still solvent. Their grandfather who had emigrated from Switzerland was knowledgeable about cheese production and processing and helped them get started. They purchased milk from local farmers with lenient payment terms and started a successful venture. World War II presented some challenges in terms of labor supply and fuel rationing, but they survived and prospered by hiring more women and utilizing more rail service. The next major hurdle was the government-subsidized cheese producers in Canada selling into the Pennsylvania market in the 1980s. Tom Powers, CEO of the Clearfield Cheese Company, with the assistance of two of his key executives, Andy Reisinger (CIO) and Sandy Knight (CSCO), developed a plan, which included improving their supply chain operation efficiency by lowering inventory levels with better forecasting and procurement practices. They expanded their product offerings by adding cottage cheese, sour cream, and yogurt. They also purchased a Canadian company in 1995 because their Canadian sales were growing. This lowered their costs to serve the growing Canadian market and made them much more competitive in Canada. This was an important step to make them a global company.
Current Situation Their board of directors in 2017 was delighted with their cash flow and profits. However, they were concerned about future growth because of the changing diets of many consumers who had become more concerned about consuming milk-based products. The company had already added low-fat versions of the major products, but the board members were concerned that this would not be sufficient to sustain their growth and profits. Some possibilities that were suggested for consideration included (1) setting up a new company to produce non-dairy-based products such as almond milk and other alternatives to cow milk. All the new products would have a healthy "spin" such as the White Wave company; (2) market expansion of their existing product lines into Mexico and Central America; (3) expanding their current product offerings by adding ice cream, high-end cheeses made from goat and sheep milk, and high-end milk-based candy; and (4) a combination of one or more of these alternatives.
Note: Read the case study and answer the following question. The answer should be a minimum of 20 lines. No Plagiarism.
1. Evaluate all three alternatives offering pros and cons of each.
2. What would you recommend? Why?
In: Economics
Waterways Problem 01 b1-b3 (Part Level Submission)
Waterways Corporation is a private corporation formed for the
purpose of providing the products and the services needed to
irrigate farms, parks, commercial projects, and private lawns. It
has a centrally located factory in a U.S. city that manufactures
the products it markets to retail outlets across the nation. It
also maintains a division that performs installation and warranty
servicing in six metropolitan areas.
The mission of Waterways is to manufacture quality parts that can
be used for effective irrigation projects that also conserve water.
By that effort, the company hopes to satisfy its customers, perform
rapid and responsible service, and serve the community and the
employees who represent them in each community.
The company has been growing rapidly, so management is considering
new ideas to help the company continue its growth and maintain the
high quality of its products.
Waterways was founded by Will Winkman who is the company president
and chief executive officer (CEO). Working with him from the
company’s inception is Will’s brother, Ben, whose sprinkler designs
and ideas about the installation of proper systems have been a
major basis of the company’s success. Ben is the vice president who
oversees all aspects of design and production in the company.
The factory itself is managed by Todd Senter who hires his line
managers to supervise the factory employees. The factory makes all
of the parts for the irrigation systems. The purchasing department
is managed by Helen Hines.
The installation and training division is overseen by vice
president Henry Writer, who supervises the managers of the six
local installation operations. Each of these local managers hires
his or her own local service people. These service employees are
trained by the home office under Henry Writer’s direction because
of the uniqueness of the company’s products.
There is a small human resources department under the direction of
Sally Fenton, a vice president who handles the employee paperwork,
though hiring is actually performed by the separate departments.
Teresa Totter is the vice president who heads the sales and
marketing area; she oversees 10 well-trained salespeople.
The accounting and finance division of the company is headed by Ann
Headman, who is the chief financial officer (CFO) and a company
vice president; she is a member of the Institute of Management
Accountants and holds a certificate in management accounting. She
has a small staff of accountants, including a controller and a
treasurer, and a staff of accounting input operators who maintain
the financial records.
A partial list of Waterways’ accounts and their balances for the
month of November follows.
| Accounts Receivable | $272,200 | |
| Advertising Expenses | 53,700 | |
| Cash | 261,100 | |
| Depreciation—Factory Equipment | 16,800 | |
| Depreciation—Office Equipment | 2,400 | |
| Direct Labor | 41,800 | |
| Factory Supplies Used | 16,600 | |
| Factory Utilities | 10,300 | |
| Finished Goods Inventory, November 30 | 69,200 | |
| Finished Goods Inventory, October 31 | 72,300 | |
| Indirect Labor | 48,300 | |
| Office Supplies Expense | 1,600 | |
| Other Administrative Expenses | 71,300 | |
| Prepaid Expenses | 41,500 | |
| Raw Materials Inventory, November 30 | 52,600 | |
| Raw Materials Inventory, October 31 | 37,700 | |
| Raw Materials Purchases | 183,100 | |
| Rent—Factory Equipment | 46,600 | |
| Repairs—Factory Equipment | 4,400 | |
| Salaries | 326,000 | |
| Sales Revenue | 1,357,500 | |
| Sales Commissions | 40,900 | |
| Work In Process Inventory October 31 | 52,700 | |
| Work In Process Inventory, November 30 | 42,200 |
A list of accounts and their values are given above. From this information, prepare an income statement.
In: Accounting
13) The best evident to support the idea that whales and hippos share a common terrestrial ancestor is based on A. the habitat homology of their propensity toward water B. genetic homology in the SINE regions C. development homology of the embryonic structures D. structural homology of their ankle bones
14) Which of the following is a fitness tradeoff that we discussed in class? A. development of sweat glands to handle the heat B. the tailbone in humans C. humans giving birth early so they can better pass through the birth canal D. development of melanin in humans to handle the UV rays
15) Both the founder event and genetic bottlenecking A. Increase the genetic variability of a new population after the event. B. Always lead to extinctions. C. Decrease the genetic variability of a new population after the event. D. Are always caused by natural disasters.
In: Biology
Please answer to every single question!!!
Include all the information below about comparison between Hair textures (Afro-texture vs. East Asian): ?
What is the trait called colloquially and scientifically? What are the hallmarks or characteristics? ?
What mutation(s) causes the trait in your population of interest? Name of allele? Gene?
Type of mutation? ?
What are the differences in frequencies of your trait between the two populations, or, which alleles are characteristic of each population? ?
Are there aspects of this trait that could alter the fitness of the population?
Was the trait selected for or against?
What about the environment caused this selection? ?
Did migration, bottlenecking, or the founder effect play pivotal roles in the prevalence of your trait? ?
Were there any types of selective breeding that contributed to the difference in frequency between populations. ?
Is there evidence that interactions with other, pre-existing genes, played a role in the emergence or extinction of your trait within each population?
In: Biology
Beyond starting and running new businesses, entrepreneurs are change agents who transform innovation into reality. Apple Inc. is known as one of the world's most innovative companies, and it co-founder Steve jobs was credited with Apple's most important breakthrough innovations. Steve Jobs also founded Pixar, one of the most successful film studios of all time. He was clearly an entrepreneur extraordinaire, and created continuous innovation in his quest to create value through new products or services. Jeff Bezos, and Elon Musk are also entrepreneurs that stand out as examples of successful entrepreneurs. Discuss the traits and behaviors of these entrepreneurs that might have contributed to the outstanding record of innovation in the companies they led. What are the major differences in how these individuals have approached entrepreneurship? How have those differences impacted the organizations they have founded?
In: Operations Management
Include all the information below about comparison between Hair textures (Afro-texture vs. East Asian): ?
What is the trait called colloquially and scientifically?
What are the hallmarks or characteristics? ?
What mutation(s) causes the trait in your population of interest?
Name of allele? Gene? Type of mutation? ?
What are the differences in frequencies of your trait between the two populations, or, which alleles are characteristic of each population? ?
Are there aspects of this trait that could alter the fitness of the population?
Was the trait selected for or against? What about the environment caused this selection? ?
Did migration, bottlenecking, or the founder effect play pivotal roles in the prevalence of your trait? ?
Were there any types of selective breeding that contributed to the difference in frequency between populations. ?
Is there evidence that interactions with other, pre-existing
genes, played a role in the emergence or extinction of your trait
within each population?
In: Biology
IDX Technologies is a privately held developer of advanced security systems based in Chicago. As part of your business development strategy, in late 2013 you initiate discussions with IDX's founder about the possibility of acquiring the business at the end of 2013. Estimate the value of IDX per share using a discounted FCF approach and the following data:
bullet Debt: $ 34 million
bullet Excess cash: $ 101 million
bullet Shares outstanding: 50 million
bullet Expected FCF in 2014: $ 43 million
bullet Expected FCF in 2015: $ 57 million
bullet Future FCF growth rate beyond 2015: 5 %
bullet Weighted-average cost of capital: 9.4 %
The enterprise value in 2013 is $ ( )million (Round to two decimal places.)
The equity value is $ ( )million (Round to two decimal places.)
The value of IDX per share is $ ( ) (Round to two decimal places.)
In: Finance
In: Economics
The biotechnology company has developed a new anti-cancer drug for Cancer X.
|
Risk Factor |
Probabilty |
Present Value |
|
Company achieving strong patent protection for the new drug in desired jurisdictions around the world. |
90% |
$25,000,000 |
|
Company has a more effective drug treatment than a competitor that is also developing a drug for the same Cancer X. |
85% |
|
|
Company achieves licensing deal with a pharmaceutical company in the first 12 months of devlopment of this potential new drug for Cancer X. |
5% |
|
|
FDA in the United States grants final approval for use of this drug in Cancer X patients. |
10% |
|
|
Phase II trials show effective treatment of the disease after use of this new drug. |
70% |
|
|
Marketing shows public support and acceptance of this new drug. |
100% |
SECTION 3:
THE QUESTIONS BELOW RELATE TO “ANTISENSE THERAPEUTICS LIMITED”, AN AUSTRALIAN BASED BIOTECHNOLOGY COMPANY:
In: Accounting