Part 5 Please prepare the adjusting entries for Cookie Creations. As of December 31, Cookie Creations’ year-end, the following adjusting entry data are provided.

1. A count reveals that $45 of brochures and posters were used.

2. Depreciation is recorded on the baking equipment purchased in November. The bak- ing equipment has a useful life of 5 years. Assume that 2 months’ worth of depreci- ation is required.

3. Amortization (which is similar to depreciation) is recorded on the website. (Credit the Website account directly for the amount of the amortization.) The website is amortized over a useful life of 2 years and was available for use on December 1.

4. Interest on the note payable is accrued. (Assume that 1.5 months of interest accrued during November and December.) Round to nearest dollar.

5. One month’s worth of insurance has expired.

6. Natalie is unexpectedly telephoned on December 28 to give a cookie class at the neigh- borhood community center on December 31. In early January Cookie Creations sends an invoice for $450 to the community center.

7. A count reveals that $1,030 of baking supplies were used.

8. A cell phone invoice is received for $75. The invoice is for services provided during the month of December and is due on January 15.

9. Because the cookie-making class occurred unexpectedly on December 28 and is for such a large group of children, Natalie’s assistant helps out. Her assistant worked 7 hours at a rate of $8 per hour.

10. An analysis of the unearned revenue account reveals that two of the five classes paid for by the local school board on December 9 still have not been taught by the end of Decem- ber. The $60 deposit received on December 19 for another class also remains unearned.

Instructions Using the information that you have gathered and the general ledger accounts that you have prepared through Part 4, plus the new information above, do the following.

(d) Prepare and post adjusting journal entries for the month of December. (e) Prepare an adjusted trial balance as of December 31, 2011.

Natalie Koebel spent much of her childhood learning the art of cookie-making from her grandmother. They spent many happy hours mastering every type of cookie imaginable and later devised new recipes that were both healthy and delicious. Now at the start of her second year in college, Natalie is investigating possibilities for starting her own business as part of the entrepreneurship program in which she is enrolled.

A long-time friend insists that Natalie has to include cookies in her business plan. After a series of brainstorming sessions, Natalie settles on the idea of operating a cookie-making school. She will start on a part-time basis and offer her services in people’s homes. Now that she has started thinking about it, the possibilities seem endless. During the fall, she will concentrate on holiday cookies. She will offer group sessions (which will probably be more entertainment than education) and individual lessons. Natalie also decides to include children in her target market. The first difficult decision is coming up with the perfect name for her business. She settles on “Cookie Creations,” and then moves on to more important issues.

Instructions

(a) What form of business organization—proprietorship, partnership, or corporation— do you recommend that Natalie use for her business? Discuss the benefits and weaknesses of each form that Natalie might consider.

(b) Will Natalie need accounting information? If yes, what information will she need and why? How often will she need this information?

(c) Identify specific asset, liability, revenue, and expense accounts that Cookie Creations will likely use to record its business transactions.

(d) Should Natalie open a separate bank account for the business? Why or why not?

(e) Natalie expects she will have to use her car to drive to people’s homes and to pick up supplies, but she also needs to use her car for personal reasons. She recalls from her first-year accounting course something about keeping business and personal assets separate. She wonders what she should do for accounting purposes. What do you recommend?

Eugenia Monroe, 30 years old, is currently employed at an IT firm where she earns $38,000 a year. She expects that her salary will grow by 3% per year. She expects to retire at age 65. She has recently inherited $75,000 and is now considering what to do with the sum. She has two options: First, she could enroll in a certification program in net work design. The program requires completing 20 Web-based courses over one year. The total cost of the program is $5,000, payable when she enrolls. She will not lose any income because she can study while working. When she obtains the certification, she can expect an increase in salary of $10,000 compared to her current job, and this differential will grow at 3% per year so long as she keeps working in that new position. Second, she could enroll for an MBA. It will be an evening program, and it will cost $25,000 per year, due at the beginning of each of her three years in school. Because it is an evening program, she will not lose any income because she can study while working. When she obtains the MBA degree, she can expect a promotion to manager and an increase in salary of $20,000 compared to her current job, and this differential will grow at 3% per year so long as she keeps working in that managerial position. Using a discount rate of 2.95%, please answer the following questions: Create worksheets in Excel showing the timelines for her two alternatives. Assume that salaries are paid only once, on January 1 of the next year. Hence, when she obtains a qualification in, say, 2018, the higher salary does not kick in until 2019. Calculate the present value of the salary differential for completing the certification program. Subtract the present value of the cost of the program to get the net present value. Calculate the present value of the salary differential for completing the MBA program. Subtract the present value of the cost of the program to get the net present value. Based on your answers above, which choice would you recommend to Eugenia Monroe?

World no.1 Rafael Nadal is to succeed football icons David Beckham and Cristiano Ronaldo as the male face of Emporio Armani Underwear and Armani jeans.

The 24 year-old Spaniard is now building a massive portfolio of endorsement deals with concerns such as Richard Mille watches, Mapfe SA (Spain’s largest insurance company), Kia Motors, Lanvin fragrances and of course Nike Inc. and Babolat.

Even the most conservative estimates maintain that Nadal’s commercial appeal will boost his annual earnings to somewhere comfortably in excess of $US 40 million a year. With three major titles to his credit in 2010 he has collected $10,171,998 in prize money alone.

Simon Chadwick, a professor of sports business strategy and marketing at the Coventry University Business School in England, confidently predicted: “Nadal will even transcend the Federer brand.”

Nadal’s first campaign shots for Armani will not be released until in the New Year and the decision to switch sporting focus for its’ underwear brand from football to tennis is seen as a bold move in a sector of male fashion that is worth more close to $US 10 billion a year.

Armani’s campaign involving Real Madrid and Portugal star Ronaldo was deemed a success across global markets. Other fashion companies including Milanese rivals Dolce and Gabbana recruited the entire Italian World Cup squad.

The only tennis player to previously make a global impact on the underwear market was Bjorn Borg who started his own brand in Sweden that became a worldwide concern. Patrick Rafter is the current image of Bonds underwear in Australia.

Interestingly, no one at Armani seems to realize the irony of signing Nadal who is notorious for taking time between points for readjustment because he habitually seems to struggle with the fit of his underwear.

1. Discuss the link between a brand image and pricing strategy.
2. Discuss the advantages and disadvantages of using social networks as part of a promotional campaign.
3. Discuss the advantages and disadvantages of celebrity endorsement in the promotion of fashion brands.

1.

Seams Personal advertises on its website that 95% of customer orders are received within four working days. They performed an audit from a random sample of 500 of the 6,000 orders received that month and it shows 470 orders were received on time.

(Question) If Seams Personal customers really receive 95% of their orders within four working days, what is the probability that the proportion in the random sample of 500 orders is the same as the proportion found in the audit sample or less?

2.

You collect a random sample of size n from a population and calculate a 98% confidence interval. Which of the following strategies produces a new confidence interval with a decreased margin of error?

Use a 99% confidence level.  Use a 95% confidence level.  Decrease the sample size.  Use the same confidence level, but compute the interval n times. Approximately 2% of these intervals will be larger.  Nothing can guarantee that you will obtain a larger margin of error. You can only say that the chance of obtaining a larger interval is 0.02.

3.

Faculty members at Lowell Place High School want to determine whether there are enough students to have a Valentine's Day Formal. Eighty-eight of the 200 students said they would attend the Valentine's Day Formal. Construct and interpret a 90% confidence interval for p.

The 90% confidence interval is (0.4977, 0.5023). We are 90% confident that the true proportion of students attending the Valentine's Day Formal is between 49.77% and 50.23%.  The 90% confidence interval is (0.3823, 0.4977). There is a 90% chance that a randomly selected student who will attend the Valentine's Day Formal lies between 38.23% and 49.77%. The 90% confidence interval is (0.4977, 0.5023). Ninety percent of all samples of this size will yield a confidence interval of (0.4977, 0.5023). The 90% confidence interval is (0.3823, 0.4977). Ninety percent of all samples of this size will yield a confidence interval of (0.3823, 0.4977). The 90% confidence interval is (0.3823, 0.4977). We are 90% confident that the true proportion of students attending the Valentine's Day Formal is between 38.23% and 49.77%.

The local government is running a flu vaccination program. Are the following costs fixed, variable, or step costs?(

a) Costs of occupancy

(b) Costs of management

(c) Costs of part-time employee salaries based on service volume

(d) Costs of vaccine consumed

2. Clifftown’s Parks and Recreation Department is introducing a new summer program for children in elementary school. Programming runs from 8:00 a.m. to 5:00 p.m., Monday through Friday. The proposed camp is 10 weeks long and is planned for 50 children. Fixed costs, which include equipment and facilities costs, are estimated at $5,000 for 10 weeks. The facilities and equipment can accommodate up to 100 children per week, which is the maximum the depart-ment is willing to enroll in any given session. There will be 5 camp counselors each week for the 50 children, at a total cost of $2,000 per week for the 5 counselors. The department is comfort-able with each counselor being responsible for 11 children. Any more than that and an additional counselor will need to be hired. The camp will serve lunch and snacks on each weekday, at a weekly cost of $15.

(a) Identify the fixed, step, and variable costs.

(b) What would be the cost of the program for 50 children?

(c) What would be the cost of the program for 75 children?

3. Desert Vista Homeless Campus provides shelter and breakfast to individuals in need. Local governments and several nonprofit organizations provide financial assistance to the shelter and require weekly reporting. Desert Vista’s current facility can hold a maximum of 300 people. The base weekly cost to run the shelter is $1,500. The shelter also needs 3 cooks per 75 residents to prepare a sufficient amount of food for breakfast. Cooks are paid a flat fee of $50 for each meal prepared. Breakfast costs an average of $2 per meal to prepare, excluding staff costs.

(a) Identify the fixed, step, and variable costs.

(b) What is the cost incurred by the campus for 150 people over a 1-week period?

(c) What is the cost incurred by the campus for 200 people over a 1-week period?

GLOBAL BUSINESS AND STRATEGY

Impact of Culture on Business – Deloitte Insights The importance of culture is readily apparent when things go wrong. When two large companies merged last year, for example, it became clear that one company had a culture of “low cost” while the other had a culture of “quality service.” Employees received mixed signals for months until the new management team took the time to carefully diagnose and redefine many business processes throughout the company. Given the importance of culture and the consequences of cultural issues, many companies are proactively defining culture and issuing culture “manifestos.” The Netflix culture presentation, often used as an example, has been downloaded more than 12 million times since 2009. The presentation clearly describes a culture that combines high expectations with an engaging employee experience: Generous corporate perks such as unlimited vacation, flexible work schedules, and limited supervision balance a strong focus on results with freedom and appreciation for the expected achievement. The financial services industry, still restoring its brand after the 2008 financial crisis, is sharply focused on culture. One organization is using a variety of initiatives to help employees understand “how the bank does business,” including offering speaker series on topics such as compensation packages, customer satisfaction, and maintaining regulatory standards. Citigroup has an entire committee focused on ethics and culture and has implemented a series of web-based videos detailing real workplace ethical dilemmas.

America is focusing its corporate culture transformation on encouraging employees to report and escalate issues or concerns, as well as incorporating a risk “boot camp” into their current training. Wells Fargo is increasing its efforts to gather employee survey feedback to understand current trends and potential areas of weakness in its culture. A new industry of culture assessment tools has emerged, enabling companies to diagnose their culture using a variety of well-established models. Yet despite the prevalence of these tools, fewer than 12 percent of companies believe they truly understand their culture. That’s where HR can help. As businesses try to understand and improve their culture, HR’s role is to improve the ability to curate and shape culture actively. An organization’s capabilities to understand and pull the levers of culture change can be refined and strengthened. HR has a natural role to play in both efforts. As operations become more distributed and move to a structure of “networks of teams,” culture serves to bind people together and helps people communicate and collaborate. When managed well, culture can drive execution and ensure business consistency around the world. HR has an opportunity to assume the role of champion, monitor, and communicator of culture across, and even outside, the organization. Once culture is clearly described, it defines who the company hires, who gets promoted, and what behaviours will be rewarded with compensation or promotion. Nordstrom has formed a People Lab Science Team in an effort to define and curate a culture that will attract top talent and enable the retailer to compete with tech companies such as Tableau and Microsoft. The team takes a multidisciplinary approach to designing programs to define and reinforce Nordstrom’s culture. Starbucks analyzed thousands of social media entries to gain an objective view of its culture through the eyes of its employees and take specific actions to reinforce its cultural strengths and address cultural weaknesses. Securitas Belgium has defined the behaviors associated with its vision for culture, performed an analysis of its current state, and developed a detailed, measurable change plan for 150 of its managers. Software giant SAS was recently rated the best place to work by the Great Place to Work Institute. It is also highly successful, with 37 consecutive years of record earnings (it earned $2.8 billion in 2012). SAS has identified trust as a critical cultural attribute and regularly surveys its employees on elements of trust: communication, respect, transparency, and being treated as a human being. Once an organization develops a clear understanding of its culture and decides on a direction for cultural change, it is critical to move rapidly from analysis to action. Moving from talking to doing is the only way to build
momentum. For companies pondering a cultural transformation, the time to start is now—because many companies are already way ahead.

Question 1 How do you see the cultural transformation for companies in South Africa? Comment

Question 2) Discuss the role of Religion and Education in modern business transformation with appropriate examples.

Can someone write very similar code to this but have it read the Absolute value, Cos, Sin, and Tan. Also, have it pass from the main method.

import java.util.Scanner;
public class Manymethods{
public void Max ()
  

{
Scanner scan = new Scanner( System.in);
int [] arr = new int [4];
arr = new int [4];
int i = 0, s = 0;
for (i = 0; i < 4; i++)
{
arr[i] = scan.nextInt ();
if(arr[i] > s)
s=arr[i];
System.out.println(arr[i] + " " + s);
}
}
public void Min ()
  

{
Scanner scan = new Scanner( System.in);
int [] arr = new int [4];
arr = new int [4];
int i = 0, s = 0;
for (i = 0; i < 4; i++)
{
arr[i] = scan.nextInt ();
if(arr[i] < s)
s=arr[i];
System.out.println(arr[i] + " " + s);
}
}
public void Add ()
  

{
Scanner scan = new Scanner( System.in);
int [] arr = new int [4];
arr = new int [4];
int i = 0, s = 0;
for (i = 0; i < 4; i++)
{
arr[i] = scan.nextInt ();
if(arr[i] > s)
s=arr[i] +s;
System.out.println(arr[i] + " " + s);
}
}
public void Multi ()
  

{
Scanner scan = new Scanner( System.in);
int [] arr = new int [4];
arr = new int [4];
int i = 0, s = 1;
for (i = 0; i < 4; i++)
{
arr[i] = scan.nextInt ();
s = arr[i] * s;
System.out.println(arr[i] + " " + s);
}
}
public static void main(String[] args) {
Manymethods m = new Manymethods();
System.out.println("We will call Maxmethod now");

m.Max();
System.out.println("We will call Minmethod now");
m.Min();
System.out.println("We will call Additionmethod now");
m.Add();
System.out.println("We will call Multimethod now");
m.Multi();
}
  
}

Abstract Cart class

import java.util.ArrayList;
import java.util.HashMap;
/**
* The Abstract Cart class represents a user's cart. Items of Type T can be added
* or removed from the cart. A hashmap is used to keep track of the number of items
* that have been added to the cart example 2 apples or 4 shirts.
* @author Your friendly CS Profs
* @param -Type of items that will be placed in the Cart.
*/
public abstract class AbstractCart {

   protected HashMap cart;
  
   public AbstractCart() {
       this.cart = new HashMap();
   }
  
   /**
   * Calculates the total value of items in the cart.
   * @return total (double)
   */
   public abstract double calculateTotal();
  
   /**
   * Add an item of type T to the Cart (HashMap: The product is the key
   * and the value is the count).
   * If product doesn't exist in the cart add it and set count to one.
   * Otherwise increment the value.
   * @param item
   * @return boolean
   */
   public void addItem(T item) {
//fill in
   }
  
   /**
   * Adds every item in the Arraylist of Type T or any subclass of T.
   * @param items: An array of items
   * @return true if items have been currently added.
   */
   public void addItems(ArrayList items) {
         
   }
  
   /**
   * Removes an item of type T from the list.
   * If the only one item, we remove that item.
   * If item count is greater than one decrement the count.
   * If you are able to remove the item then return true.
   * If the item doesn't exist return false.
   * @param item
   * @return true
   * in the list.
   */
   public boolean removeItem(T item) {
   //fill in
       return true;
   }
  
  
   /**
   * Removes all of the item of items of Type T or any subclass of T from the cart.
   * @param item
   * @return true if items have been successfully remove.
   */
   public void removeItems(ArrayList items) {
       //fill in
   }
  
   /**
   * Check to see if the cart contains an item.
   * @param item
   * @return true if cart contains the item. Returns False otherwize
   */
   public boolean contains(T item) {
       return cart.containsKey(item);
   }
  

  
}

AmazonCart

public class AmazonCart extends AbstractCart {

   @Override
   /**
   * Calculate the total of all the items in the cart include tax.
   * @return total
   */

   public double calculateTotal() {
       double total = 0.0;
       for(AmazonProduct item : this.cart.keySet()) {
           int itemCount = this.cart.get(item);
           total += (item.getPrice() + item.calcTax())*itemCount;
       }
       return total;
   }

}

AmazonCartTest

import static org.junit.Assert.*;

import java.util.ArrayList;

import org.junit.Test;

public class AmazonCartTest {

   @Test
   public void testAddingItemToCard() {
       Milk m = new Milk(2.5, "Lactose Free", false);
       AmazonCart amazonCart = new AmazonCart();
       amazonCart.addItem(m);
       if(amazonCart.contains(m) != true) {
           fail("Error AmazonCart-Line-13: Items not currently added to cart");
       }
   }
  
   @Test
   public void testCalculateTotal() {
       Milk m = new Milk(3, "Lactose Free", true);
       DVD d = new DVD(10, "Black Panther", true);
       Shirt s = new Shirt(100, "Versace", false);
       AmazonCart amazonCart = new AmazonCart();
       amazonCart.addItem(m);
       amazonCart.addItem(d);
       amazonCart.addItem(s);
       assert(amazonCart.calculateTotal() == 120.33);  
   }
  
   @Test
   public void testAddingDupplicates() {
       Milk m = new Milk(3, "Lactose Free", true);
       DVD d = new DVD(10, "Black Panther", true);
       Shirt s = new Shirt(100, "Versace", false);
       AmazonCart amazonCart = new AmazonCart();
       amazonCart.addItem(m);
       amazonCart.addItem(m);
       amazonCart.addItem(d);
       amazonCart.addItem(d);
       amazonCart.addItem(s);
       amazonCart.addItem(s);
       assert(amazonCart.calculateTotal() == 240.66);  
   }
  
   @Test
   public void testRemovingItem() {
       Milk m = new Milk(3, "Lactose Free", true);
       DVD d = new DVD(10, "Black Panther", true);
       Shirt s = new Shirt(100, "Versace", false);
       AmazonCart amazonCart = new AmazonCart();
       amazonCart.addItem(m);
       amazonCart.removeItem(m);
       amazonCart.addItem(d);
       amazonCart.addItem(s);
       amazonCart.addItem(s);
       assert(amazonCart.calculateTotal() == 224.3);  
   }
  
   @Test
   public void testRemovingItem2() {
       Milk m = new Milk(3, "Lactose Free", true);
       DVD d = new DVD(10, "Black Panther", true);
       Shirt s = new Shirt(100, "Versace", false);
       AmazonCart amazonCart = new AmazonCart();
       amazonCart.addItem(m);
       amazonCart.removeItem(m);
       assert(amazonCart.removeItem(d) == false);
       amazonCart.addItem(d);
       amazonCart.addItem(s);
       amazonCart.addItem(s);
       assert(amazonCart.calculateTotal() == 224.3);  
   }
  
   @Test
   public void testRemovingItem3() {
       Milk m = new Milk(3, "Lactose Free", true);
       DVD d = new DVD(10, "Black Panther", true);
       Shirt s = new Shirt(100, "Versace", false);
       AmazonCart amazonCart = new AmazonCart();
       amazonCart.addItem(m);
       amazonCart.addItem(m);
       amazonCart.removeItem(m);
       amazonCart.removeItem(m);
       assert(amazonCart.removeItem(d) == false);
       amazonCart.addItem(d);
       amazonCart.addItem(s);
       amazonCart.addItem(s);
       assert(amazonCart.calculateTotal() == 224.3);  
   }
  
  
   @Test
   public void testAddingArrayListOfItems() {
       ArrayList mArray = new ArrayList<>();
       Milk m1 = new Milk(3, "Lactose Free", true);
       Milk m2 = new Milk(2, "Whole Milk", true);
       Milk m3 = new Milk(9.5, "Goats Milk", true);
       mArray.add(m1);
       mArray.add(m2);
       mArray.add(m3);
       AmazonCart amazonCart = new AmazonCart();
       amazonCart.addItems(mArray);
   }

  
   @Test
   public void testRemovingArrayListOfItems() {
       ArrayList mArray = new ArrayList<>();
       Milk m1 = new Milk(3, "Lactose Free", true);
       Milk m2 = new Milk(2, "Whole Milk", true);
       Milk m3 = new Milk(9.5, "Goats Milk", true);
       mArray.add(m1);
       mArray.add(m2);
       mArray.add(m3);
       AmazonCart amazonCart = new AmazonCart();
       amazonCart.addItems(mArray);
       amazonCart.removeItems(mArray);
       assert(amazonCart.calculateTotal() == 0);
   }
}