How do I pass the University of Indiana plagiarism test??
In: Psychology
Coro Ltd makes two products, Quara and Lock. The following data are relevant for the year ending 31st December 2020:
Material prices
Material M GHS2 per unit
Material N GHS3 per unit
Direct labour is paid GHS10 per hour.
Production overhead cost is estimated to be GHS 200,000. Production overhead cost is absorbed into product costs using a direct labour hour absorption rate. Selling and administration overhead is budgeted to be GHS 75,000.
Each unit of finished product requires:
|
|
Quara |
Lock |
|||
|
Material M |
12 units |
12 units |
|||
|
Material N |
6 units |
8 units |
|||
|
Direct labour |
7 hours |
10 hours |
The sales director has forecast that sales of Quara and Lock will be 5,000 and 1,000 units respectively during the year 2020. The selling prices will be as follows:
Quara GHS182 per unit Lock GHS161 per unit
She estimates that there will be opening inventory of 100 units of Quara and 200 units of Lock. At the end of the year 2020, the company does not intend holding any inventory of Quara and Lock.
The Production Director estimates that the opening inventories of raw materials will be 3,000 units of M and 4,000 units of material N. At the end of the year 2020, the inventories of these raw materials are to be:
Statement of financial position extracts for year ended 31st December 2019 are as follows:
Inventory of finished goods GHS 15,000
Inventory of Raw materials GHS 20,000
Retained earnings GHS 81,000
The Finance Director advises that the rate of tax to be paid on profits during the year 2020 is likely to be 30%.
Required:
In: Accounting
Question 1 Coro Ltd makes two products, Quara and Lock. The following data are relevant for the year ending 31st December 2020: Material prices Material M GHS2 per unit Material N GHS3 per unit Direct labour is paid GHS10 per hour. Production overhead cost is estimated to be GHS 200,000. Production overhead cost is absorbed into product costs using a direct labour hour absorption rate. Selling and administration overhead is budgeted to be GHS 75,000. Each unit of finished product requires: Quara Lock Material M 12 units 12 units Material N 6 units 8 units Direct labour 7 hours 10 hours The sales director has forecast that sales of Quara and Lock will be 5,000 and 1,000 units respectively during the year 2020. The selling prices will be as follows: Quara GHS182 per unit Lock GHS161 per unit She estimates that there will be opening inventory of 100 units of Quara and 200 units of Lock. At the end of the year 2020, the company does not intend holding any inventory of Quara and Lock. The Production Director estimates that the opening inventories of raw materials will be 3,000 units of M and 4,000 units of material N. At the end of the year 2020, the inventories of these raw materials are to be: 4,000 units 2,000 units Statement of financial position extracts for year ended 31st December 2019 are as follows: Inventory of finished goods GHS 15,000 Inventory of Raw materials GHS 20,000 Retained earnings GHS 81,000 The Finance Director advises that the rate of tax to be paid on profits during the year 2020 is likely to be 30%. Required: Prepare all functional budgets and budgeted statement of profit or loss for the year ending 31st December 2020. The Managing Director of Coro Ltd is of the view that the budget preparation and presentation process is a waste of resources considering the time and money invested into it. He thinks the cost far outweighs the benefits and the company could still operate effectively without any budget. Do you agree with him? Explain why? The Management Accountant suggested that cash budget need to be prepared in addition to the functional budgets and the budgeted statement of Profit or Loss to make the budgeting process complete. Meanwhile, he claims he does not have enough information to prepare the cash budget. Advise him on the process and sources of information for preparation of a cash budget.
In: Accounting
To pay his university education, Mr. Ahmed is saving $ 1000, at the beginning of each year for the next 7 years in a Bank Muscat account paying 10% interest rate. How much will Mr. Ahmed have in that account at the end of 7th year? Mr. Ahmed need $ 17000 to pay his university fees in future, justify your suggestion to him regarding his investment in Bank Muscat?
In: Finance
Computer the Depreciation Schedule by using SLD, SOYD, and DDB methods
the university pursed a lab Mass-Spectrometer that has 5 years depreciable life. The instrument costs school $900 with a Salvage Value of $70 after the end of the service life.
1-Built a Depreciation Schedule for this asset by all three methods
2-Build a graphic of each method
3-Which method will you recommend to the university and why?
In: Accounting
In: Statistics and Probability
Computer the Depreciation Schedule by using SLD, SOYD, and DDB methods
the university pursed a lab Mass-Spectrometer that has 5 years depreciable life. The instrument costs school $900 with a Salvage Value of $70 after the end of the service life.
1-Built a Depreciation Schedule for this asset by all three methods
2-Build a graphic of each method
3-Which method will you recommend to the university and why?
In: Accounting
At a large university, the students have an average creditcarddebt of $2500,with a standard deviation of $1200. If we consider all of the possible random samples of 100students at this university, 95% of thesamples should have means between what two numbers? [HINT-use the 68-95-99.7Rule table in conjunction with the values for the sampling distribution model]
A)$100 and $2620
(B)$300 and $4900
(C)$2140 and $2860
(D)$2260 and $2740
In: Statistics and Probability
In this time of crisis, the university president has asked you to use Blue Ocean Strategy to reimagine the University. Provide the analysis and let me know what your mvp would be. Be sure to indicate how your solution meets and exceeds the BOS criteria. How would it be 10x? How would the four action framework apply? What would the KPIs be? Write an elevator pitch for your new venture?
In: Operations Management
Keiser University has warrants in the market that allows people who own it to be authorized to buy 1 share of the university at the price of $ 25.
a) Calculate the execution value of the organization's warrants if the common shares are sold each at the following prices: (1) $ 20, (2) $ 25, (3) $ 30), (4) $ 100. (The warrant's execution value is the difference between the price of the shares and the purchase price specified by the warrant if the authorization is executed.)
In: Finance