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

On January 1, Year 1, the general ledger of a company includes the following account balances:

During Year 1, the following transactions occur:

7. Analyze the following features of a company financial condition:

a. What is the amount of profit reported for the month of January?

b. Calculate the ratio of current assets to current liabilities at the end of January.

c. Based a company financial profit and ratio of current assets to current liabilities, indicate whether a company financial appears to be in good or bad financial condition.

• Good

• Bad

Le Pete Bread Company is a national bakery-cafe concept with 1,380 Company-owned and franchise-operated bakery-cafe locations in 40 states and in Ontario, Canada. The company has grown from serving approximately 60 customers a day at its first bakery-cafe to currently serving nearly six million customers a week system-wide, becoming one of the largest food service companies in the United States. Sara Lee Corporation is a global manufacturer and marketer of high-quality, brand-name products for consumers throughout the world focused primarily on the meats, bakery and beverage categories. Selected financial information about each company follows:

Sara Lee Le Pete Bread Sales $ 10,793 million $ 1,353.5 million Net Income $ 527 million $ 86.8 million Return on Assets (ROA) 8.32 % 11.55 % Profit margin 7.05 % 6.45 % Asset turnover 1.18 % 1.79 Required:

Why is Sara Lee less profitable than Le Pete Bread? Return on assets and return on sales in the bakery industry are 4.85% and 8.16%, respectively. How do these two companies compare to their industry and what might explain any noted differences?

A soft drink bottling company just ran a long line of 12-ounce soft drink cans filled with cola. A sample of 32 cans is selected by inspectors looking for non-conforming items. Among the things the inspectors look for are paint defects on the can, improper seal, incorrect volume, leaking contents, incorrect mixture of carbonation and syrup in the soft drink, and out-of-spec syrup mixture. The results of this inspection are given here. Construct a c chart from the data.

Choose the correct c chart.