1. In a 2006 blog entry titled The Secret Tesla Motors Master Plan, Elon Musk outlined his company’s vision and strategy for the electric vehicle industry. His vision was stated as “to help expedite the move from a mine-and-burn hydrocarbon economy towards a solar electric economy” in order to create a sustainable future. His Secret Master Plan to reach this overarching goal had four steps:

Build a sports car

Use that money to build an affordable car

Use that money to build an even more affordable car

While doing above, also provide zero emission electric power generation options

Do you think Tesla has a winning strategy? Discuss, using the 3 tests provided for a winning strategy (you can use the tests I provided, or the tests given by the textbook). Clearly state your reasoning. What information would you need to have in order to answer that question?

Suppose that the annual demand for a component is approximately 60,000 units. The company orders the component from a supplier who has offered the following quantity discount schedule.

If the company’s carrying charge is 15 percent of the item’s price and the cost per order is $150, determine the order quantity that would minimize the total related inventory costs for this component.

Suppose that the annual demand for a component is approximately 63,000 units. The company orders the component from a supplier who has offered the following quantity discount schedule.

Order Quantity Price Per Unit

0-999 $31

1,000-1,999 $29

2,000-3,499 $27

3,500 or more $25

If the​ company's carrying charge is 16% of the​ item's price and the cost per order is ​$170​, determine the order quantity that would minimize the total related inventory costs for this component.

Suppose that the annual demand for a component is approximately 60,000 units. The company orders the component from a supplier who has offered the following quantity discount schedule.

If the company’s carrying charge is 15 percent of the item’s price and the cost per order is $150, determine the order quantity that would minimize the total related inventory costs for this component.

Calico Joe Fabrics sells a single product. The company estimates total fixed costs at $360,000 with demand and unit variable costs at various activity levels as follows:

How much profit will Calico Joe Fabrics have if a price of $26 is charged and demand is 120,000?

Two different advertisements were released by a company. They are measuring the time people stay on the commercial before switching channels. Below is the data found from the sample: Advertisement 1: # of Viewers: 32 Average time: 25.8 seconds St.Dev: 1.56 Advertisement 2: # of viewers: 27 Average time: 26.2 seconds St.Dev: 1.93 Is there statistically significant evidence to show that advertisement 2 performs significantly better?

Enter in the p-value you found from this test.Round to four decimal places.

A tire manufacturer has been producing tires with an average life expectancy of 26,000 miles. Now the company is advertising that its new tires' life expectancy has increased. In order to test the legitimacy of the advertising campaign, an independent testing agency tested a sample of 6 of their tires and has provided the following data. The p-value is equal to

Select one:

a. 0.102

b. 0.072

c. 0.203

d. 1.46

Suppose that the annual demand for a componet is aproximately 60,000 units. The company ordes the component from a supplier who has offered the following quantity discount shedule.

order Quantity Price per unit

0-999 $30

1,000-1,999 $29

2,000-3,999                                             $28

4,000-or more                                           $27

If the company's carrying charges is 15 percent of the item's price and the cost per order is $150, determine yhe order quantity that would minimize the total related inventory cost for this component.

The March 31, 2019 balance sheet of Kalakaua Corporation had Accounts Receivable of $525,000 and a credit balance in Allowance for Doubtful Accounts of $33,000. During the year ended March 31, 2020, the following transactions occurred: sales on account $1,550,000; sales returns & allowances, $120,000; collections from customers, $1,350,000; accounts written off $41,000; previously written off accounts of $5,000 were collected.

REQUIRED:

1.Using the above information, what is the balance of Accounts Receivable at March 31, 2020?

2.Suppose that it is the company policy to use the percentage of sales basis to estimate bad debts expense and anticipates 3% of net sales to be uncollectible, what is the adjusting entry at March 31, 2020? (Show calculations.)

3.Ignore the entry made in b) above.

Assume that it is company policy to use the aging of receivables basis to estimate bad debt expense. It determines that uncollectible accounts are expected to be $38,400. What is the adjusting entry at March 31, 2020? Assume the March 31, 2020 balance of Accounts Receivable is $575,000 and Allowance for Doubtful Accounts has an existing balance of $3,000 (cr). (Show calculations)

Walsh Company manufactures and sells one product. The following information pertains to each of the company’s first two years of operations: Variable costs per unit: Manufacturing: Direct materials $ 27 Direct labor $ 10 Variable manufacturing overhead $ 2 Variable selling and administrative $ 1 Fixed costs per year: Fixed manufacturing overhead $ 240,000 Fixed selling and administrative expenses $ 80,000 During its first year of operations, Walsh produced 50,000 units and sold 40,000 units. During its second year of operations, it produced 40,000 units and sold 50,000 units. The selling price of the company’s product is $51 per unit. Required: 1. Assume the company uses variable costing: a. Compute the unit product cost for year 1 and year 2. b. Prepare an income statement for year 1 and year 2.