Costen, Inc., produces cellphone equipment. Jessica
Tomly, Costen’s president, decided to devote more resources to the
improvement of product quality after learning that her company had
been ranked fourth in product quality in a 2009 survey of cellphone
users. Costen’s quality-improvement program has now been in
operation for two years, and the cost report shown here has
recently been issued.
Semi-Annual Cost of Quality Report
Costen, Inc.
30 / 06 / 2010
31 / 12/ 2010
30 / 06 / 2011
31 / 12 / 2011
Prevention costs
Maintenance
Supplier training
Design reviews
Total
440 000
20 000
50 000
510 000
440 000
100 000
214 000
754 000
390 000
50 000
210 000
650 000
330 000
40 000
200 000
570 000
Appraisal costs
Incoming inspections
Final testing
Total
108 000
332 000
440 000
123 000
332 000
455 000
90 000
293 000
383 000
63 000
203 000
266 000
Internal failure costs
Rework
Scrap
Total
231 000
124 000
355 000
202 000
116 000
318 000
165 000
71 000
236 000
112 000
67 000
179 000
External failure costs
Warranty repairs
Customer returns
Total
165 000
570 000
735 000
85 000
547 000
632 000
72 000
264 000
336 000
68 000
188 000
256 000
Total quality costs
2 040 000
2 159 000
1 605 000
1 271 000
Total revenues
8 240 000
9 080 000
9 300 000
9 020 000
Required:
4.1 For each period, calculate the
ratio of each cost of quality category to revenues and to total
quality costs.
4.2 Based on the results in 4.1,
would you conclude that Costen’s quality program has been successful? Prepare a
short report to present your case.
In: Accounting
Company finance structure is 25% bonds, 10% preferred stock, and 75% common stock, the bonds each have a face value of $1,000, selling at a discount of $35 today with maturity in 10 years, annual coupon interest of 8% and flotation cost of 2 1/2%, companys tax rate is 34%, preferred stock has a 7% annual dividend and par at $100 which can be sold today for $85, underwriters fee for the sale would be $2 per share, new common stock is selling at current price of $45 per share, expected dividend for 2020 is $3.60, dividends have grown at consistent rate (2019 $3.46 2018 3.33 2017 3.2 2016 3.08 2015 2.96), to attract buyers management will underprice shares by $4 and flotation costs will be $2.50 per share, dividend payouts are expected to continue at constant growth, calculate after-tax cost of debt, calculate cost of preferred stock issue, assume rs = rr calculate cost of new common stock issue, using finance structure of the firm, calculate the after-tax WACC
In: Finance
On January 1, 2020, an entity sold a car to a customer at a price of P320,000 with a production cost of P240,000. It is the entity’s policy to employ installment method to recognize gross profit from installment sales.
At the time of sale, the entity received cash amounting to 25% of the selling price and old car with trade-in allowance of P40,000. The said old car has fair value of P120,000. The customer issued a 5-year note for the balance to be payable in equal annual installments every December 31 starting 2018. The note payable is interest bearing with 10% rate due on the remaining balance of the note.
The customer was able to pay the first annual installment and corresponding interest due. However, after the payment of the second interest due, the customer defaulted on the second annual installment which resulted to the repossession of the car sold with appraised value of P88,000. On December 31, 2019, the repossessed car was resold for P112,000 after reconditioning cost of P8,000.
3. What is the entity’s realized gross profit for the year ended December 31, 2018?
4. What is the loss on repossession for the year ended December 31, 2019?
In: Accounting
P 16-9 on september 30,2017, Gargiola inc. Issued 4millions of 10 year, 8% convertible bonds for 4.6millions. The bonds pay interest on march 31 and September 30 and mature on September 30, 2027. Each 1000$ bond can be converted into 80 no par value common shares. In addition, each bond include 20 detachable warrants. Each warrant can be used to purchase one common share at an exercise price of 15$. Immediately after the bond issuance, the warrants traded at 3$ each. Without the warrants and the conversion rights, the bonds would have been expected to sell for 4.2 million. On march 23, 2020, half of the warrants were exercised. The common shares of Gargiola inc. were trading at 20$ each on this day. Immediately after the payment of interest on the bonds, on september 30, 2022, all bonds outstanding were converted into common shares.
Instructions:
B) calculate the effective rate for the bonds. Leave at least 4 decimal place in your calculations C) prepare a bond amortization schedule from september 30, 2017 to september 30, 2022 using the effective interest rate
In: Accounting
Classify the indicated costs as being fixed, semivariable, or variable in nature.
| Net sales | $8,741,685 | |
| Cost of goods sold: | ||
| Direct materials | 2,622,506 | Variable Cost |
| Direct labor | 2,098,004 | Variable Cost |
| Overhead expenses: | ||
| Depreciation on manufacturing equipment | 437,084 | Fixed Cost |
| Electric utility expense | 262,251 | Semivariable Cost |
| Total cost of goods sold | 5,419,845 | |
| Gross profit | 3,321,840 | |
| Operating expenses: | ||
| Sales commission expense | 174,834 | Variable Cost |
| Depreciation on buildings and property | 874,169 | Fixed Cost |
| Total operating expenses | 1,049,003 | |
| Earnings before interest and taxes (EBIT) | 2,272,837 | |
| Interest expense | 874,169 | Fixed Cost |
| Earnings before taxes (EBT) | 1,398,668 | |
| Taxes (40%) | 559,467 | Variable Cost |
| Net income | $839,201 | |
| Preferred stock dividends | 139,867 | Fixed Cost |
| Earnings available to common shareholders | $699,334 |
|
Income Statement for the Year Ending December 31 |
|
|---|---|
| Net sales | $8,741,685 |
| Less: Variable operating costs | ? |
| Fixed operating costs | ? |
| Total operating costs | ? |
| Earnings before interest and taxes (EBIT) | 2,272,837 |
| Less: Fixed capital costs | ? |
| Earnings before taxes (EBT) | 1,398,668 |
| Less: Income taxes (Variable, 40%) | ? |
| Earnings after taxes (EAT) | $839,201 |
| Less: Fixed capital costs (preferred stock dividends) | ? |
| Earnings available to common shareholders | ? |
| Earnings per share (EPS) — 100,000 shares | ? |
In: Finance
Projectile Motion - (Time) Above Ground - General Launch Angle
At a height h = unknown above the ground a rocket is fired at an initial speed v0 = 142.0 m/s at an angle θ = 42° above the horizontal. After a time = 25.2 s the rocket hits the ground. Ignore air resistance.
The magnitude of the gravitational acceleration is 9.8 m/s2.
Choose the RIGHT as positive x-direction. Choose UPWARD as psotitive y-direction
Keep 2 decimal places in all answers
Find v0x, the x component of the initial velocity (in m/s)
Find v0y, the y component of the initial velocity (in m/s)
(a) What maximum height (in meters) above the intial location does the rocket reach?
(b) How long (in seconds) does it take the rocket to reach the maximum heght?
(c) What is the range R (the horizontal distance) (in meters) traveled by the rocket before hitting the ground?
What is the rocket's initial height h (in meters) above the ground? Report h as positive.
(d) What is the vertical component of the velocity (in m/s) just before the rocket hits the ground? Pay attention to the direction (the sign).
(e) What is the magnitude of the velocity (including both the horizontal and vertical components) (in m/s) of the rocket just before it hits the ground?
(f) What is the direction of the velocity of the rocket just before it hits the ground?
Report the direction by an angle COUNTERCLOCKWISE from the +x axis.
In: Physics
ACTIVITY BASED BUDGETING
Fauji Fertilizer Ltd. manufactures Nitro-phosphorus Fertilizer.
Sales are seasonal due to different crops. The expected pattern of sales for the next year (2021) is as follows:
Quarter 1st 2nd 3rd 4th Year
Sales in tons 500 1,500 2,000 1,000 5,000
Quarter 1st 2nd 3rd 4th Year
Unit-level costs:
Indirect material 24,000 72,000 96,000 48,000 240,000 Utilities 5,000 15,000 20,000 10,000 50,000
Batch-level costs:
Production runs 10 30 40 20 100
Setup 4,800 14,400 19,200 9,600 48,000 Purchasing 6,000 18,000 24,000 12,000 60,000
Quality control 6,000 18,000 24,000 12,000 60,000
Product-level costs:
Chemical engineering 10,000 10,000 10,000 10,000 40,000
Facility- and general-operations-level costs:
Supervisory salaries 100,000 100,000 100,000 100,000 400,000 Insurance 50,000 50,000 50,000 50,000 200,000 Maintenance 50,000 50,000 50,000 50,000 200,000 Utilities 80,000 80,000 80,000 80,000 320,000 Depreciation 200,000 200,000 200,000 200,000 800,000
Quarter 1st 2nd 3rd 4th Year
Unit-level expenses:
Sales Commission 15,000 45,000 60,000 30,500 150,000
Customer-level expenses:
Sales Salaries 90,000 270,000 360,000 180,000 900,000
Operator Salaries 50,000 150,000 200,000 100,000 600,000
Facilities and General Operations Expenses:
Packaging Design 19,200 19,200 19,200 19,200 76,800
Facility- and general-operations-level costs:
Manager salaries 152,500 152,500 152,500 152,500 610,000 Advertising 100,000 100,000 100,000 100,000 400,000
Admin. Salaries 147,500 147,500 147,500 147,500 590,000
Quarter 1st 2nd 3rd 4th Year
Bank Loan (12%) 100,000,000
Loan Repayment 25,000,000 25,000,000 25,000,000 25,000,000 100,000,000
Plant Addition 20,000,000 50,000,000 12,000,000 5,000,000 87,000,000
Assuming same opening and ending balance in WIP, prepare all the budget schedules for 2021 except Balance Sheet (12 schedules). Include a column for each quarter, and for the year. This project should be done in MS Excel. Best of Luck!
In: Accounting
Sheffield Company began operations on January 2, 2019. It
employs 9 individuals who work 8-hour days and are paid hourly.
Each employee earns 9 paid vacation days and 7 paid sick days
annually. Vacation days may be taken after January 15 of the year
following the year in which they are earned. Sick days may be taken
as soon as they are earned; unused sick days accumulate. Additional
information is as follows.
|
Actual Hourly |
Vacation Days Used |
Sick Days Used |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
2019 |
2020 |
2019 |
2020 |
2019 |
2020 |
|||||||
| $6 | $7 | 0 | 8 | 5 | 6 | |||||||
Sheffield Company has chosen to accrue the cost of compensated
absences at rates of pay in effect during the period when earned
and to accrue sick pay when earned.
1. Prepare journal entries to record transactions related to compensated absences during 2019 and 2020. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
|
Date |
Account Titles and Explanation |
Debit |
Credit |
|---|---|---|---|
|
2019 |
enter an account title to accrue the expense and liability for vacations |
enter a debit amount |
enter a credit amount |
|
enter an account title to accrue the expense and liability for vacations |
enter a debit amount |
enter a credit amount |
|
|
(To accrue the expense and liability for vacations) |
|||
|
enter an account title to accrue the expense and liability for sick pay |
enter a debit amount |
enter a credit amount |
|
|
enter an account title to accrue the expense and liability for sick pay |
enter a debit amount |
enter a credit amount |
|
|
(To accrue the expense and liability for sick pay) |
|||
|
enter an account title to record payment for compensated time when used by employees |
enter a debit amount |
enter a credit amount |
|
|
enter an account title to record payment for compensated time when used by employees |
enter a debit amount |
enter a credit amount |
|
|
(To record payment for compensated time when used by employees) |
|||
|
2020 |
enter an account title to accrue the expense and liability for vacations |
enter a debit amount |
enter a credit amount |
|
enter an account title to accrue the expense and liability for vacations |
enter a debit amount |
enter a credit amount |
|
|
(To accrue the expense and liability for vacations) |
|||
|
enter an account title to accrue the expense and liability for sick pay |
enter a debit amount |
enter a credit amount |
|
|
enter an account title to accrue the expense and liability for sick pay |
enter a debit amount |
enter a credit amount |
|
|
(To accrue the expense and liability for sick pay) |
|||
|
enter an account title to record vacation time paid |
enter a debit amount |
enter a credit amount |
|
|
enter an account title to record vacation time paid |
enter a debit amount |
enter a credit amount |
|
|
enter an account title to record vacation time paid |
enter a debit amount |
enter a credit amount |
|
|
(To record vacation time paid) |
|||
|
enter an account title to record sick leave paid |
enter a debit amount |
enter a credit amount |
|
|
enter an account title to record sick leave paid |
enter a debit amount |
enter a credit amount |
|
|
enter an account title to record sick leave paid |
enter a debit amount |
enter a credit amount |
|
|
(To record sick leave paid) |
2. Compute the amounts of any liability for compensated absences
that should be reported on the balance sheet at December 31, 2019
and 2020.
|
2019 |
2020 |
|||
|---|---|---|---|---|
|
Vacation Wages Payable |
$enter a dollar amount | $enter a dollar amount | ||
|
Sick Pay Wages Payable |
$enter a dollar amount | $enter a dollar amount |
PLEASE PROVIDE STEPS AND EXPLANATION WITH ANSWERS. THANK YOU!
In: Accounting
Swifty Company began operations on January 2, 2019. It employs 11 individuals who work 8-hour days and are paid hourly. Each employee earns 10 paid vacation days and 6 paid sick days annually. Vacation days may be taken after January 15 of the year following the year in which they are earned. Sick days may be taken as soon as they are earned; unused sick days accumulate. Additional information is as follows.
|
Actual Hourly |
Vacation Days Used |
Sick Days Used |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
2019 |
2020 |
2019 |
2020 |
2019 |
2020 |
|||||||
| $7 | $8 | 0 | 9 | 4 | 5 | |||||||
Swifty Company has chosen to accrue the cost of compensated absences at rates of pay in effect during the period when earned and to accrue sick pay when earned.
Prepare journal entries to record transactions related to
compensated absences during 2019 and 2020. (If no entry
is required, select "No Entry" for the account titles and enter 0
for the amounts. Credit account titles are automatically indented
when amount is entered. Do not indent
manually.)
|
Date |
Account Titles and Explanation |
Debit |
Credit |
|---|---|---|---|
|
2019 |
enter an account title to accrue the expense and liability for vacations |
enter a debit amount |
enter a credit amount |
|
enter an account title to accrue the expense and liability for vacations |
enter a debit amount |
enter a credit amount |
|
|
(To accrue the expense and liability for vacations) |
|||
|
enter an account title to accrue the expense and liability for sick pay |
enter a debit amount |
enter a credit amount |
|
|
enter an account title to accrue the expense and liability for sick pay |
enter a debit amount |
enter a credit amount |
|
|
(To accrue the expense and liability for sick pay) |
|||
|
enter an account title to record payment for compensated time when used by employees |
enter a debit amount |
enter a credit amount |
|
|
enter an account title to record payment for compensated time when used by employees |
enter a debit amount |
enter a credit amount |
|
|
(To record payment for compensated time when used by employees) |
|||
|
2020 |
enter an account title to accrue the expense and liability for vacations |
enter a debit amount |
enter a credit amount |
|
enter an account title to accrue the expense and liability for vacations |
enter a debit amount |
enter a credit amount |
|
|
(To accrue the expense and liability for vacations) |
|||
|
enter an account title to accrue the expense and liability for sick pay |
enter a debit amount |
enter a credit amount |
|
|
enter an account title to accrue the expense and liability for sick pay |
enter a debit amount |
enter a credit amount |
|
|
(To accrue the expense and liability for sick pay) |
|||
|
enter an account title to record vacation time paid |
enter a debit amount |
enter a credit amount |
|
|
enter an account title to record vacation time paid |
enter a debit amount |
enter a credit amount |
|
|
enter an account title to record vacation time paid |
enter a debit amount |
enter a credit amount |
|
|
(To record vacation time paid) |
|||
|
enter an account title to record sick leave paid |
enter a debit amount |
enter a credit amount |
|
|
enter an account title to record sick leave paid |
enter a debit amount |
enter a credit amount |
|
|
enter an account title to record sick leave paid |
enter a debit amount |
enter a credit amount |
|
|
(To record sick leave paid) |
Compute the amounts of any liability for compensated absences
that should be reported on the balance sheet at December 31, 2019
and 2020.
|
2019 |
2020 |
|||
|---|---|---|---|---|
|
Vacation Wages Payable |
$enter a dollar amount | $enter a dollar amount | ||
|
Sick Pay Wages Payable |
$enter a dollar amount | $enter a dollar amount |
In: Accounting
According to local Turkish bookstore:
general info about the bookstore:
Remzi Bookstore was founded in 1927 by Remzi Bengi (1907-1978). The bookstore first started operating with a bookstore in Istanbul Beyazıt. As of publishing house, his first book is Ömer Seyfettin's “High Heels”. At the end of 1929, Ankara Caddesi was moved to the Babıali Branch at 93.
Then the important names of the literary world gathered around Remzi Bookstore and most of their first books or maturity works were published by Remzi Bookstore: Nâzım Hikmet, Hasan Âli Yücel, Yakup Kadri Karaosmanoğlu, Halide Edip Adıvar, Sabahattin Ali, Yaşar Kemal, Mustafa Nihat Özön, Hasan Ali Ediz , Falih Rıfkı Atay, Suut Kemal Yetkin, Orhan Kemal, Fakir Baykurt, Tarık Buğra, Kemal Tahir, Şevket Süreyya Aydemir, Halikarnas Balıkçısı, Necati Cumalı, Orhan Hançerlioğlu, Muzaffer İzgü, İlhan Selçuk, Tarık Dursun K., Adalet Ağaoğlu, Peride Celal , Emre Kongar, Cemal Yıldırım, Murathan Mungan, Erhan Bener, Enis Batur, Buket Uzuner, Şakir Eczacıbaşı, Jak Deleon, Atilâ Dorsay, Mario Levi, Feyza Hepçilingirler, Ayşe Kulin, Zülfü Livaneli, Hıfzı Topuz, Onur Öymen, Refik Erduran, Adnan Turani, Acar Baltaş, Zuhal Baltaş, Haluk Yavuzer, Doğan Cüceloğlu, Mahfi Eğilmez and Leyla Navaro are among these authors. Remzi Kitabevi is the first publishing house to create a translation series from world writers after the transition to the Latin alphabet, except for the copyright works it published. In 1937, the “Translation Series from the World Writers” was started 3 years before the Classics of the Ministry of Education (White Coated). It has been published. Remzi Bookstore, which has published about 4000 books since its establishment, is now managed by Remzi Bengi's son-in-law, Erol Erduran, and his grandchildren Ömer Erduran and Ahmet Erduran.
Today, the publishing house starts from the literary works of the Turkish Authors and works on Artbooks, Essays, Memoirs, Philosophy and Intellectual works, Translation Bestseller, Business and Management Books, Culinary Books, Home-Family-Society, Personal Development and Psychology books, various children's books and cartoon books. There is a wide range of publications ranging from.
Remzi bookstore started new ventures in retail book sales in 1993 and after the Akmerkez branch in Istanbul at the beginning of 1994, Nişantaşı, Suadiye, Kanyon, Zorlu Center; Armada in Ankara; Konak and Agora branches were opened in İzmir. There are also cafes in Akmerkez, Suadiye, Kanyon and Zorlu branches. Apart from various Turkish publications, many kinds of foreign publications, especially English, are exhibited in these sales points.
Remzi bookstore has been the pioneer of cultural publishing for 93 years, at the same time, it offers foreign products to the reader as well as Turkish books with its widespread bookstore network.
1.what are the strategically relevant components of the macro-environment?
-2. How strong are the industry's competitive forces?
-the competitive force of buyer bargaining power
-the competitive force of substitute products
-the competitive force of supplier bargaining power
-the competitive force of supplier bargaining power
-the competitive force of potential new entrants
-the competitive force of rivalry among competing sellers
-collective strengths of the five competitive forces and industry profitability
In: Operations Management