Questions
Project Selection Your company is prepared to undertake several new projects over the next five years....

Project Selection

Your company is prepared to undertake several new projects over the next five years. Each Division has submitted a number of project proposals that include the annual budgets and anticipated profit. Your company’s annual budgets for the next five years are as follows. (Amounts are X$1000)

YEAR

2016

2017

2018

2019

2020

FUNDS

3500

4500

4000

3450

4500

The project proposals (for a total of fifteen possible projects) are as follows:

Project

2016

2017

2018

2019

2020

Profit

1

400

230

330

400

230

1500

2

500

270

260

500

270

2000

3

200

430

430

200

430

2500

4

300

220

270

300

220

7000

5

450

500

400

450

500

4000

6

650

450

320

650

450

3000

7

350

530

330

350

530

4500

8

300

700

260

300

700

3500

9

500

800

430

500

800

1500

10

600

250

270

600

250

2000

11

150

500

400

150

500

2500

12

250

340

320

250

340

7000

13

220

400

250

220

270

4000

14

170

300

300

170

300

3000

15

420

400

260

420

400

4500

What project selection should your company choose? (You decide what criterion to use, but recall that this Business school.)

Please show/explain using excel solver

In: Statistics and Probability

Balance Sheet For Magnificent Homeware Ltd As At 31 March 2018 2018 2017 2016 $(000) $(000)...

Balance Sheet

For Magnificent Homeware Ltd

As At 31 March 2018

2018

2017

2016

$(000)

$(000)

$(000)

Current assets

Bank

-

-

1,804

Accounts receivable

5,200

3,250

1,620

Allowance for bad debts

(210)

(350)

(380)

Inventory

4,120

2,550

1,850

Total current assets

9,110

5,450

4,894

Non-current assets

Plant & equipment

5,480

4,900

4.300

Retail shop Wellington

2,000

-

-

Total non-current assets

7,480

4,900

4.300

Total assets

16,590

10,350

9,194

Current liabilities

Bank overdraft

380

350

-

Mortgage

200

100

100

Accounts payable

2,200

2,026

2,890

Total current liabilities

2,780

2,476

2,990

Non-current liabilities

Mortgage

3,000

1,600

1,600

Total liabilities

5,500

4,076

4,540

Net assets

10,810

6,274

4,654

Shareholders’ equity

Shares

200

200

200

Retained profits

6,074

4,454

3,036

Net profit after tax for the year

4,536

1,620

1,418

Shareholders’ equity

10,810

6,274

4,654

b) Using the financial information above, provide analytical calculations (supported by formulae and figures) for the purpose of reviewing the financial performance and the financial position of Magnificent Homeware Ltd. Your focus should be to highlight matters of significant concern and trends that appear unusual.  


c) From the analysis in (b) above, what are the audit risk factors for inventory and accounts receivable?

d) How would the financial statement analysis in (b) above assist to plan your audit approach for Magnificent Homeware Ltd?

e) From the information above (excluding the financial statements) list the potential problem areas and any major concerns (where there could be risk or material misstatement) that you will need to consider as part of the plan for the 2018 audit for this company. You must provide brief reasons why each of the areas you have listed require special consideration. You should be able to comment on at least 10 areas.

In: Accounting

The following tables form part of a database (Flights Database) held in a relational DBMS: employee...

The following tables form part of a database (Flights Database) held in a relational DBMS: employee (empNo, empName, empSalary, empPosition) aircraft (aircraftNo, acName, acModel, acFlyingRange) flight (flightNo, aircraftNo, fromAirport, toAirport, flightDistance, departTime, arriveTime) certified (empNo, aircraftNo) Where:  employee contains details of all employees (pilots and non-pilots) and empNo is the primary key;  aircraft contains details of aircraft and C is the primary key.  flight contains details of flights and (flightNo, aircraftNo) form the primary key.  certified contains details of the staff who are certified to fly an aircraft and (empNo, aircraftNo) form the primary key. Create tables (12 points)

1. Using the CREATE TABLE statement, create each of the above tables (create primary keys and foreign keys, where appropriate). (Already Done)

Now answer the questions below using SQL.

List the pilot number and names of all pilots who have executed flights where the distance covered is greater than 1000 Km. List the aircrafts who have never executed a flight to the destination ‘London’. List the flights where the flight distance equals to the flying range of the aircraft who executed it?

1. List the number of flights with each aircraft. 2. List the number of flights with each Boeing aircraft. 3. What is the number of pilots certified for each type of aircraft? 4. What are the most commonly destined airports? 5. What is the number of aircrafts certified for each pilot?

In: Computer Science

B. Inventory management The current policy is to order 100,000 units when the inventory level falls...

B. Inventory management
The current policy is to order 100,000 units when the inventory level falls to 35,000 units. However, forecast demand to meet market requirements for next year is 625,000 units. The cost of placing and processing an order is R250, while the annual cost of holding a unit in stores is 5% of the unit purchase price. Both costs are expected to be constant during the next year. Shop n Pay sells a unit of the product for R15.00 at cost plus 50%. Orders are received two weeks after being placed with the supplier. You should assume a 350-day year and that demand is constant throughout the year.

C. Forecasting and other supply chain activities A recent report produced by Shop n Pay’s chief demand planner has revealed that the retailer’s reliance on simple exponential smoothing to forecast demand for its products is partly responsible for the significant bullwhip effect in the supply chain and the stock outs in the past few years. In this regard, the chief demand planner is recommending that exponential smoothing with trend adjustment (Holt’s Model) should be used to forecast demand for aggregate planning for the 2020 fiscal year.

Mr Msimanga has retrieved from the retailer’s database the following information on number of goods sold over a two–year period. Year Monthly sales (‘000 units)

Jan 2018 -650 /2019 -750

Feb 2018-700 /2019 -800

Mar 2018 -820/2019-900

Apr 2018 -850/2019-920

May 2018-700/2019- 680

Jun 2018-840/2019-950

Jul 2018-930/2019-1080

Aug 2018-630/2019-742

Sep 2018-860/2019-920

Oct 2018-600 /2019 -705

Nov 2018-1050/2019 -1100

Dec 2018 - 750 /2019- 820

2.3 REQUIRED: Use the information provided above under section C:

Forecasting and other supply chain activities to answer the following questions:

2.3.1 “A recent report produced by Shop n Pay’s chief demand planner has revealed that the retailer’s reliance on simple exponential smoothing to forecast demand for its products is partly responsible of the significant pile-up of goods in the company’s main distribution centre.”

2.3.2
Calculate the Exponential smoothing with trend component forecast (FIT) for second to the twenty-fifth month using an initial trend forecast (?1) of 10 000, an initial exponential smoothing forecast (?1) of 640 000 units, ?=0.20, and ?=0.30.
2.3.3
Plot the actual demand, the simple exponential smoothing (SES) forecast, and trend-adjusted exponential smoothing (FIT) forecast on the same graph. Briefly comment on the observed difference(s) between the plots of the two forecasts.

In: Accounting

Write a post in which you explain at least three ways that database design and data...

Write a post in which you explain at least three ways that database design and data architecture can work together to improve patient satisfaction, lower care costs, or improve patient outcomes. Then identify at least two areas of uncertainty or unanswered questions that you have about database design and data architecture.

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In the MedicalVisit table the primary key is defined as (Date, Doctor, Patient).     1. If the...

In the MedicalVisit table the primary key is defined as (Date, Doctor, Patient).    

1. If the primary key were to be changed to (Doctor, Patient), how would it affect the design and information in the database?  (eg information structure in the database, normal form etc.)

2.  Please Draw an ER diagram based on the above original Relational Model

In: Computer Science

Please provide your thoughts about the efficient market hypothesis (EMH) and how the 2007-2009 recession are...

Please provide your thoughts about the efficient market hypothesis (EMH) and how the 2007-2009 recession are related. Please add citations and references.

In: Finance

Locate 2-3 articles related to Generational differences and how the differences create conflict, summarize and discuss....

Locate 2-3 articles related to Generational differences and how the differences create conflict, summarize and discuss.

Be sure to include reference citations for support

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write importance of geology to civil engineer, maps, and mapping techniques for geologic structures. Minimum five...

write importance of geology to civil engineer, maps,

and mapping techniques for geologic structures. Minimum five citations are required and the


same should be reflected in the references

In: Civil Engineering

What dimensions of Corporate Social Responsibility do you believe are the most important and why? Please...

What dimensions of Corporate Social Responsibility do you believe are the most important and why? Please use citations and references to support your position.

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