Assume that you are a consultant for an international management strategy consulting firm. Your firm has been approached by Mr. Hans Wursching, CEO of TransSprech, A.G., a newly formed cellular phone service and phone provider based in Stuttgart, Germany. TransSprech has a satellite GSM network with complete coverage in Europe and the United States, as well as throughout most countries in the world. The company has established some semblance of a marketing and management strategy, and you have been asked to review the current strategy and help the company go to the next level by growing its sales. You recently conducted the initial information-gathering meeting with Mr. Wursching, and received the following information: ? TransSprech maintains corporate offices in numerous cities around the world. However, its customer service outlets and retail sales are conducted through the company website, as well as through licensed electronic retailers. It does not maintain its own customer service or retail locations. ? Its target markets are both companies and individuals wanting cellular phone service with worldwide coverage and who are willing to pay a premium to get it. It already has about three thousand customers worldwide and is hoping to grow to ten thousand by year end. ? Corporate customers are more valuable customers because they are buying in larger volumes. Establishing a customer base is very important as this company attempts to establish itself. ? No sales force has been established. So far, the company has received many customers in response to its advertising. ? It offers individual customers four different cost plans with respect to the cellular service as well as five different phone options. However, corporate customers can negotiate variations within the established options. ? The phones themselves are similar to those used by TransSprech competitors but the satellite network providing the coverage is far more advanced. ? The company has retained a Berlin-based advertising and public relations agency to develop a worldwide advertising campaign. Print and TV advertisements have recently saturated the European market and will soon be shown in the US market. The company is currently running several promotions to get its product and name known; however, its long-term goal is to offer a premium, non-discounted product that is desired because of its value and quality, not low price. ? Because the company and its product are in the early stages of development, there have been technical problems, and the company has had to provide a great deal of service to its customers. ? Mr. Wursching understands that it costs more to acquire new customers than to retain existing ones, so he would like to establish a customer relationship management plan at some point to improve customer loyalty and retention. He has a well-trained customer service operator staff in place.

Total Solution Ltd. is rendering its service on Network Solution to two types of customers: Company and Household. It categorised its operating department into: Company-Service and Household Service. Total Solution Ltd. also has two support departments: Administration (Admin) and Technician (Tech). Each of the operating departments conducts its operations independently. Total Solution Ltd. uses the number of technician’s hours used to allocate Tech costs and the number of admin staff used to allocate Admin costs. The following data are available for May 2020. Support Departments Operating Departments Admin Tech Company Household Budgeted costs $1,355,000 $3,200,000 $5,000,000 $4,000,000 Budgeted processing time (in min) 1,000 --- 1,600 2,400 Number of employees --- 15 9 36 Required (show your workings): Allocate the cost from support department to operating department and determine the total budgeted cost of each operating department after the cost has been allocated from the support department using the following method:

(a) Direct method

(b) Step-down method if the support department with highest dollar amount is allocated first. (c) Reciprocal method (using linear equation)

1. Describe and briefly explain whether the following changes cause the short-run aggregate supply to

increase, decrease or neither:

a. The price level increases

b. Input prices decrease

c. Firms and workers expect the price level to fall.

d. The price level decreases

e. New policies increase the cost for businesses of meeting government regulations.

f. The number of workers in the labor force increases.

2. Describe and briefly explain whether the following changes cause the aggregate demand to increase,

decrease or neither:

a. The price level increases

b. Investment decreases

c. Imports increase and exports decrease

d. Consumer optimism improves

e. Government increases infrastructure spending

f. Stock market crashes.

3. Starting in early March of 2020, many factories, restaurants, offices and entertainment venues closed

their doors fearing the spread of Coronavirus. Using aggregate demand-aggregate supply model, predict

which curve this event mostly affects and what’s the impact on the US economy in the short-run?

4. From 2014 to 2018, dollar has been slowly falling against other major currencies.

a. Determine how the falling value of the dollar affects the US price level, real GDP and the

unemployment rate in both short-run and the long-run. You can assume that the economy was in the

long-run equilibrium before this change, and consider only the stated event. Place your answers in the

boxes below (using an up arrow, a down arrow, or a dash if the level is constant).

Short Run Long-Run

P Y u P Y u

b. Draw a diagram that supports your answers in part (a). Clearly label all the curves and equilibria as

well as show the direction of changes using arrows.

Jason Company offered a contest in which the winner would receive P1,000,000 payable over twenty years. On December 31, 2019, Jason Company announced the winner of the contest and signed a note payable to the winner for P1,000,000 payable in P50,000 installments every January 31. On December 31, 2019, Jason Company purchased an annuity for P418,250 to provide the P950,000 prize remaining after the first P50,000 installment which was paid on January 31, 2020. On December 31, 2019, what amount should be reported as note payable-contest winner, net of current portion?

Sunland Company, a manufacturer of audio systems, started its production in October 2020. For the preceding 3 years, Sunland had been a retailer of audio systems. After a thorough survey of audio system markets, Sunland decided to turn its retail store into an audio equipment factory.

Raw material costs for an audio system will total $77 per unit. Workers on the production lines are on average paid $13 per hour. An audio system usually takes 6 hours to complete. In addition, the rent on the equipment used to assemble audio systems amounts to $5,100 per month. Indirect materials cost $5 per system. A supervisor was hired to oversee production; her monthly salary is $3,700.

Factory janitorial costs are $2,000 monthly. Advertising costs for the audio system will be $9,000 per month. The factory building depreciation expense is $6,000 per year. Property taxes on the factory building will be $8,400 per year.

Assuming that Sunland manufactures, on average, 1,000 audio systems per month, enter each cost item on your answer sheet, placing the dollar amount per month under the appropriate headings. Total the dollar amounts in each of the columns.

Compute the cost to produce one audio system.

Assume that a Parent company acquires an 80% interest in its Subsidiary on January 1, 2020. On January 1, 2020, the book value of net assets and the fair value of the identifiable net assets equaled the book value of identifiable net assets (i.e. there was no AAP or Goodwill). The parent uses the equity method to account for its investment in the subsidiary.

On December 31, 2021, the Subsidiary company issued $1,000,000 (face) 6 percent, five-year bonds to an unaffiliated company for $1,085,379. The bonds pay interest annually on December 31, and the bond premium is amortized using the straight-line method. This results in annual bond-payable premium amortization equal to $17,076 per year.

On December 31, 2023, the Parent paid $974,229 to purchase all of the outstanding Subsidiary company bonds. The bond discount is amortized using the straight-line method, which results in annual bond-investment discount amortization equal to $8,590 per year.

The Parent and the Subsidiary report the following financial statements for the year ended December 31, 2024:

Required

Provide the consolidation entries worksheet for the year ended December 31, 2024.

If it says "Answer" in the box that is the question/missing data. If it says Answer with a bunch of words after it those are the choices from the drop down menu. (For example the journal entries some of the descriptions are missing along with the debit/credit amount)

The following information relates to a company ABC Ltd for the year ended 30 June 2020:

Required:

Prepare the production cost statement, trading statement and the relevant notes for the year ended 30 June 2020.

Elias Company has prepared a budget for the first six months of 2020. Monthly budgets for revenues are provided at left. Experience indicates that Elias will collect 75% of sales in the month of sale, 15% in the month following the sale, and 7.5% in the second month after the sale. The remaining 2.5% of sales are expected to be uncollectible.

Prepare a cash collections budget for Elias for the months of March, April, and May 2020. Show your work.

Please so some calculations, I'm having difficulty trying to follow just numbered answers.