Questions
Think of all the examples of forecasting that is experience on a regular basis; such as...

Think of all the examples of forecasting that is experience on a regular basis; such as the weatherman on TV each night. Now, considering the technology we have at our disposal today, why can't we get a "Perfect" forecast?

In: Operations Management

min 250 words, Describe how the military and the government were driving forces behind the development...

min 250 words, Describe how the military and the government were driving forces behind the development of the computer and the internet. Be specific in the tools they were looking for, the technology that was developed, and how it was used to spread to the civilian market.

In: Operations Management

Your company is looking to expand outside the United States and you have been assigned to...

Your company is looking to expand outside the United States and you have been assigned to investigate South Korea for foreign direct investment (FDI).

Polital
technology
environmental
legal system/laws
economical

In: Operations Management

if i was given by the company Cisco's website, their products listed by technology type as...

if i was given by the company Cisco's website, their products listed by technology type as such....

https://www.cisco.com/c/en/us/products/index.html#~stickynav=3

what are cisco's brands, prodct items and product lines?

In: Operations Management

1. How is the concept of incremental analysis used in decision making? 2. What does it...

1. How is the concept of incremental analysis used in decision making?

2. What does it mean when someone says "You get what you measured"?

3. What are the impacts of information technology?

In: Finance

The current "internet and technology" revolution is significantly changing the way business and the workplace is...

The current "internet and technology" revolution is significantly changing the way business and the workplace is conducted. What 'Management' dilemmas do you think will face a new generation of "management pioneers' who will need to address these changes?

In: Operations Management

Explain and provide examples for 5 ways RFIDs can be utilized in a Smart City. How...

Explain and provide examples for 5 ways RFIDs can be utilized in a Smart City. How does this differ from NFC technology? What are at least 3 advantages and disadvantages of NFC; explain reasoning with examples.

In: Computer Science

Lydo Cinema Chain based in Melbourne, owns three cinemas in the suburbs of Camberwell, South Yarra...

Lydo Cinema Chain based in Melbourne, owns three cinemas in the suburbs of Camberwell, South Yarra and Ringwood. It has prepared budgets for the coming year based upon a ticket price of $20. Particulars Camberwell South Yarra Ringwood Budgeted revenue from ticket sales 1,500,000 1,250,000 750,000 Costs: Film license 510,000 390,000 380,000 Wages and salaries 295,000 265,000 175,000 Overheads 495,000 395,000 345,000 Total costs 1,300,000 1,050,000 900,000 Included in the overhead figures are the Head Office fixed costs that amount to $750,000, these have been allocated to each cinema based on budgeted ticket receipts. All other costs are variable. The top management is concerned about the Ringwood cinema and the fact that it is showing a budgeted loss and is considering closing the cinema and selling the site to a Property Developer. Required: (a) Prepare marginal costing income statements to show contributions for each cinema and contribution and profit for the overall chain based on the original budget. (b) Prepare marginal costing income statements to show contributions for each cinema and contribution and profit for the overall chain assuming Ringwood cinema is closed. (c) Based on your calculations in requirement (b) above, do you think that Ringwood cinema should be closed? Justify your answer with appropriate explanation. (d) What is the contribution per ticket sale at each cinema? (e) What is the margin of safety in revenue for the chain at the budgeted level of activity if the Ringwood cinema is kept open? (f) What is the margin of safety in revenue for the chain at the budgeted level of activity if the Ringwood cinema is closed? (g) If the Ringwood cinema is kept open, management would like to increase its profitability. One suggestion is that ticket sales at Ringwood cinema can be increased by 60% by an advertising campaign directed at Ringwood that will add $20,000 to the chain's fixed costs. Do you think that the advertising campaign should be undertaken to improve the cinema's profitability? Give reasons for your decision.

In: Accounting

Lydo Cinema Chain based in Melbourne, owns three cinemas in the suburbs of Camberwell, South Yarra...

Lydo Cinema Chain based in Melbourne, owns three cinemas in the suburbs of Camberwell, South Yarra and Ringwood. It has prepared budgets for the coming year based upon a ticket price of $20.

Particulars

Camberwell

South Yarra

Ringwood

Budgeted revenue from ticket sales

1,500,000

1,250,000

750,000

Costs:

Film license

510,000

390,000

380,000

Wages and salaries

295,000

265,000

175,000

Overheads

495,000

395,000

345,000

Total costs

1,300,000

1,050,000

900,000

Included in the overhead figures are the Head Office fixed costs that amount to $750,000, these have been allocated to each cinema based on budgeted ticket receipts. All other costs are variable. The top management is concerned about the Ringwood cinema and the fact that it is showing a budgeted loss and is considering closing the cinema and selling the site to a Property Developer.

Required:

  1. Prepare marginal costing income statements to show contributions for each cinema and contribution and profit for the overall chain based on the original budget.
  1. Prepare marginal costing income statements to show contributions for each cinema and contribution and profit for the overall chain assuming Ringwood cinema is closed.
  1. Based on your calculations in requirement (b) above, do you think that Ringwood cinema should be closed? Justify your answer with appropriate explanation.
  1. What is the contribution per ticket sale at each cinema?
  1. What is the margin of safety in revenue for the chain at the budgeted level of activity if the Ringwood cinema is kept open?
  1. What is the margin of safety in revenue for the chain at the budgeted level of activity if the Ringwood cinema is closed?
  1. If the Ringwood cinema is kept open, management would like to increase its profitability. One suggestion is that ticket sales at Ringwood cinema can be increased by 60% by an advertising campaign directed at Ringwood that will add $20,000 to the chain's fixed costs. Do you think that the advertising campaign should be undertaken to improve the cinema's profitability? Give reasons for your decision.

In: Accounting

Exercise 22-19 A partial trial balance of Kingbird Corporation is as follows on December 31, 2018....

Exercise 22-19 A partial trial balance of Kingbird Corporation is as follows on December 31, 2018. Dr. Cr. Supplies $2,500 Salaries and wages payable $1,500 Interest Receivable 5,400 Prepaid Insurance 90,600 Unearned Rent 0 Interest Payable 13,900 Additional adjusting data: 1. A physical count of supplies on hand on December 31, 2018, totaled $1,000. 2. Through oversight, the Salaries and Wages Payable account was not changed during 2018. Accrued salaries and wages on December 31, 2018, amounted to $4,000. 3. The Interest Receivable account was also left unchanged during 2018. Accrued interest on investments amounts to $4,800 on December 31, 2018. 4. The unexpired portions of the insurance policies totaled $59,200 as of December 31, 2018. 5. $29,500 was received on January 1, 2018, for the rent of a building for both 2018 and 2019. The entire amount was credited to rent revenue. 6. Depreciation on equipment for the year was erroneously recorded as $5,200 rather than the correct figure of $52,000. 7. A further review of depreciation calculations of prior years revealed that equipment depreciation of $7,900 was not recorded. It was decided that this oversight should be corrected by a prior period adjustment.

Assuming that the books have not been closed, what are the adjusting entries necessary at December 31, 2018? (Ignore income tax considerations.)

Assuming that the books have been closed, what are the adjusting entries necessary at December 31, 2018? (Ignore income tax considerations.)

Pass the necessary adjusting entries for the following taking into account income tax effects (40% tax rate) and assuming that the books have been closed.

1. Depreciation on equipment for the year was erroneously recorded as $5,200 rather than the correct figure of $52,000.
2. A further review of depreciation calculations of prior years revealed that equipment depreciation of $7,900 was not recorded. It was decided that this oversight should be corrected by a prior period adjustment.

In: Finance