O’Neil Enterprises produces a line of canned soups for sale at supermarkets across the country. Demand has been “soft” recently and the company is operating at 70 percent of capacity. The company is considering dropping one of the soups, beef barley, in hopes of improving profitability. If beef barley is dropped, the revenue associated with it will be lost and the related variable costs saved. The CFO estimates that the fixed costs will also be reduced by 25 percent.

The following product line statements are available.

Required:

a-1. Complete the following differential cost schedule.

a-2. From an operating profit perspective, should O'Neil drop the beef barley line?

b. When the product manager for the minestrone soup hears that managers are considering dropping the beef barley line, she points out that many O’Neil customers buy more than one soup flavor and if beef barley is not available from O’Neil, some of them might stop buying the other soups as well. She estimates that 5 percent of the current sales of both broth and minestrone will be lost if beef barley is dropped.

b-1. Complete the following differential cost schedule.

b-2. Based on the estimate from the project manager, should O'Neil drop the beef barley line?

the retailer JC Penney, and how they are trying to implement a strategy to reduce their inventory at their stores. Inventory last quarter rose 2.6%, and sales numbers were reported low. JC Penney has attempted to combat this problem by hiring a Senior Vice President of Planning and Allocation and Pricing. At the end of the previous quarter, inventory levels were reported at 2.9 billion dollars. Some of the causes of this large inventory was an addition of floor samples for appliance and mattress departments, and additional sizes in clothing assortments. Store sales for the quarter only increased by 0.2%, when they were projected to have increased by 2.1%. Industry specialists say that retail stores face the difficulty of inventory management because the stores need to carry a wide variety of products and sizes to draw in all sorts of customers, and the online competition from companies like Amazon are threats. Especially with fashion trends moving fast, the inventory management in retail stores has proved challenging. Total revenue for JC Penney has decreased 4.1% for the quarter, and a loss of 78 million dollars was reported.

I need help with the following Questions:

1) What are the financial consequences of having too much inventory on hand? What conclusions can be drawn from a company with too much excess inventory?

2) What are some inventory strategies that a company can use to keep their inventory levels at a desirable level?

Link to article: https://blogs.wsj.com/cfo/2018/05/18/j-c-penney-aims-to-trim-growing-inventory-at-comparable-stores/

Please answer any or all, thank you!!

______ 30. Most industrialized nations in the world now use a _____________________________, where

exchange rates fluctuate due to changes in demand.

                                                          A. floating exchange rate system

                                                          B. fixed exchange rate system

                                                          C. purchasing power parity exchange rate system

                                                          D. central bank regulatory system

______ 31. Firms hold cash balances

                                                          A. to complete transactions that are necessary in business operations.

                                                          B. as compensation to banks for providing loans and services.

                                                          C. to earn “Interest Revenue.”

                                                          D. A and B.

                                                          E. A and B and C.

______ 32. To reduce the length of its “Cash Conversion Cycle” (CCC), a company could

                                                          A. adopt a new inventory system that reduces the inventory conversion period.

                                                          B. reduce the average “Days Sales Outstanding” (DSO) on its “Accounts                                                            Receivable.”

                                                          C. reduce the amount of time the company takes to pay its suppliers.

                                                          D. A and B.

                                                          E. A and B and C.

______ 33. A lock box system for cash collections from customers is most beneficial to firms which    

                                                          A. make collections over a wide geographic area.

                                                          B. have widely dispersed manufacturing facilities.

                                                          C. have a large marketable securities account to protect.

                                                          D. hold inventories at many different sites.

______ 34. A(n) ____________________ opportunity exists if a currency trader has the opportunity to earn a

                      positive cash flow with no risk involved in the transaction.

                      A. gold standard

                      B. arbitrage

                      C. interest rate parity

D. market equilibrium

Wallis Company produces circuit boards in a foreign country that imposes a 15 percent VAT. This year, Wallis manufactured 8.3 million boards at a $5 material cost per unit. Wallis’s labor and overhead added $1 to the cost per unit. Wallis sold the boards to various customers for $7.50 per unit for a net profit of $1.50 per unit. How much VAT does Wallis Company owe?

1867500 is not the answer

The Smucker's company believes it has the market share on Blackberry Jam with 65% of Blackberry Jam buyers buying Smucker's. But, a new company has come along and their Blackberry Jam is good! Smucker's gets a report back from Grocery Store Analytics which reported that of the 555 Blackberry Jam buyers last week, 329 bought Smucker's. At a significance level of 0.05, did the proportion of Blackberry Jam customers go down for Smucker's?

Question 12

A company manufactures 2 types of products P1 and P2. Let X1 and X2 be their respective number of units to be produced each month.

The company has a contract with one of its customers to produce a minimum of 300 units of each product per month. This information can be expressed in the LP as follows

A) Maximize X1 + X2

B) X1+X2 ≥ 600

C) X1+X2 ≥ 300

D) X1 ≥ 300, X2 ≥ 300

John’s Company commenced operations in January 2017 and created a chart of accounts which it plans to use in the recording of its transactions:

Cash

Accounts receivable

Supplies

Prepaid insurance

Delivery truck

Accumulated depreciation

Accounts payable

Salary payable

Unearned service revenue

Destiney’s’, capital

Destiney’s’, drawing

Service revenue

Salary expense

Depreciation expense

Insurance expense

Fuel expense

Rent expense

Supplies expense

The company completed the following transactions during the month of January 2017:

a. John’s Company began operations by receiving $48,000 cash and a truck valued at $200,000. The business gave Destiney capital to acquire these assets.

b. Paid $1,600 cash for supplies.

c. Prepaid insurance, $4,200.

d. Performed delivery services for a customer and received $15,000 cash.

e. Completed a large delivery job, billed the customer $25,000, and received a promise to collect this amount within two months.

f. Paid employee salary, $68,500.

g. Received $9,000 cash for performing delivery services.

h. Collected $5,000 in advance for delivery service to be performed later.

i. Collected $5,500 cash from a customer on account.

j. Purchased fuel for the truck, paying $2,500 with a company credit card. (Credit Accounts payable)

k. Performed delivery services on account, $12,000.

l. Paid office rent, $600. This rent is not paid in advance.

m. Paid $200 on account relating to the fuel purchased for the truck.

n. Owner withdrew cash of $9,000 for personal use.

Requirements:

1. Record each transaction in the journal and key each by its letter as stated above. Explanations are not required.

2. Post the transactions that you recorded in Requirement 1 in their respective T-accounts and prepare the company’s trial balance:

3. Having completed the requirements for 1 and 2 above, use the following info to prepare the adjusting entries for the company and thereafter prepare the company’s adjusted trial balance.

a. Accrued salary expense, $3,500.

b. Depreciation expense, $2,000.

c. Prepaid insurance expired, $700.

d. Supplies on hand, $700.

e. Unearned service revenue earned during January, $2,500.

4. Prepare John’s Company income statement and statement of owner’s equity for the month ended January 31, 2017, and the classified balance sheet on that date.

Mike and his advertisement team have created an advertisement plan for a new flavor of soda. Right now, approximately 16% of soda drinkers are purchasing this flavor. Mike needs to show his bosses that his advertisement plan will increase the percentage of soda drinkers purchasing this flavor. If Mike's Advertising team succeeds in increasing the percentage of customers that prefer this flavor,then the company will increase supply and make more of the soda to meet demand. If not,then the company will keep the supply as it currently is. After the advertising changes,Mike Takes Random Sample Of Customers To Determine If The percentage of soda drinkers that like the new flavor has increased. (They are currently using a 5% significance level). ??0: p=0.16 (The company will not increase production of the flavor of soda.) ????: p>0.16(The company needs to increase production of the new flavor of soda to meet the increased demand.) a) Write a description of a type 1 error and possible consequences of that error in the context of the problem. b) Write a description of a type 2 error and possible consequences of that error in the context of the problem. c) Would you recommend any changes to the significance level sample size based on what you know about the type 1 and type 2 errors in this problem? Explain

Please be clear, concise and up to the point in your answer. Give real world examples to support your arguments. West Coast Unlimited is a wholesaler that carries close to 20,000 products. The company has almost 3,000 suppliers and sells its products mostly to business and institutional customers. The company markets its products by relying mainly on sales promotion and advertising. Faced with increasing costs, the company is looking at various ways to reduce expenses. West Coast Unlimited's vice president feels that the company should shift one of its major warehouses to a low-rent, low-tax area. Which of the following, if true, would weaken the vice president's argument? A) The low-rent, low-tax area is located farther from delivery sites. B) West Coast Unlimited's competitors often place their warehouses in relatively expensive locations. C) Better use of technology could reduce distribution costs more than a relocation could. D) Final customers are almost always unaware of the location of the wholesaler. E) Delayed shipments from suppliers are already creating problems for West Coast Unlimited's distribution network What would be a real world example