What are the four ways to test internal Controls?
In: Accounting
What are some of the potential effects of bilingualism and home language use for a student attending classes that are delivered in English? How might these effects differ based on the age of the student?
In: Psychology
Imperial Jewelers manufactures and sells a gold bracelet for $405.00. The company’s accounting system says that the unit product cost for this bracelet is $261.00 as shown below:
| Direct materials | $ | 142 | |
| Direct labor | 86 | ||
| Manufacturing overhead | 33 | ||
| Unit product cost | $ | 261 | |
The members of a wedding party have approached Imperial Jewelers about buying 26 of these gold bracelets for the discounted price of $365.00 each. The members of the wedding party would like special filigree applied to the bracelets that would require Imperial Jewelers to buy a special tool for $454 and that would increase the direct materials cost per bracelet by $11. The special tool would have no other use once the special order is completed.
To analyze this special order opportunity, Imperial Jewelers has determined that most of its manufacturing overhead is fixed and unaffected by variations in how much jewelry is produced in any given period. However, $12.00 of the overhead is variable with respect to the number of bracelets produced. The company also believes that accepting this order would have no effect on its ability to produce and sell jewelry to other customers. Furthermore, the company could fulfill the wedding party’s order using its existing manufacturing capacity.
Required:
1. What is the financial advantage (disadvantage) of accepting the special order from the wedding party?
2. Should the company accept the special order?
The Regal Cycle Company manufactures three types of bicycles—a dirt bike, a mountain bike, and a racing bike. Data on sales and expenses for the past quarter follow:
| Total | Dirt Bikes |
Mountain Bikes | Racing Bikes |
|||||||||
| Sales | $ | 918,000 | $ | 261,000 | $ | 401,000 | $ | 256,000 | ||||
| Variable manufacturing and selling expenses | 481,000 | 117,000 | 206,000 | 158,000 | ||||||||
| Contribution margin | 437,000 | 144,000 | 195,000 | 98,000 | ||||||||
| Fixed expenses: | ||||||||||||
| Advertising, traceable | 70,200 | 9,000 | 40,600 | 20,600 | ||||||||
| Depreciation of special equipment | 44,200 | 20,600 | 7,700 | 15,900 | ||||||||
| Salaries of product-line managers | 115,200 | 40,200 | 38,600 | 36,400 | ||||||||
| Allocated common fixed expenses* | 183,600 | 52,200 | 80,200 | 51,200 | ||||||||
| Total fixed expenses | 413,200 | 122,000 | 167,100 | 124,100 | ||||||||
| Net operating income (loss) | $ | 23,800 | $ | 22,000 | $ | 27,900 | $ | (26,100) | ||||
*Allocated on the basis of sales dollars.
Management is concerned about the continued losses shown by the racing bikes and wants a recommendation as to whether or not the line should be discontinued. The special equipment used to produce racing bikes has no resale value and does not wear out.
Required:
1. What is the financial advantage (disadvantage) per quarter of discontinuing the Racing Bikes?
2. Should the production and sale of racing bikes be discontinued?
3. Prepare a properly formatted segmented income statement that would be more useful to management in assessing the long-run profitability of the various product lines.
In: Accounting
The Butler-Perkins Company (BPC) must decide between two mutually exclusive projects. Each costs $6,500 and has an expected life of 3 years. Annual project cash flows begin 1 year after the initial investment and are subject to the following probability distributions:
| Project A | Project B | |||
| Probability | Cash Flows | Probability | Cash Flows | |
| 0.2 | $6,250 | 0.2 | $0 | |
| 0.6 | $6,500 | 0.6 | $6,500 | |
| 0.2 | $6,750 | 0.2 | $18,000 | |
BPC has decided to evaluate the riskier project at 11% and the less-risky project at 10%.
What is each project's expected annual cash flow? Round your answers to two decimal places.
Project A: $
Project B: $
Project B's standard deviation (σB) is $5,822.37 and its coefficient of variation (CVB) is 0.78. What are the values of (σA) and (CVA)? Round your answers to two decimal places.
σA = $
CVA =
Based on the risk-adjusted NPVs, which project should BPC choose?
_________Project AProject B
If you knew that Project B's cash flows were negatively correlated with the firm's other cash flow, but Project A's cash flows were positively correlated, how might this affect the decision?
_________This would make Project B more appealing.This would make Project B less appealing.
If Project B's cash flows were negatively correlated with gross domestic product (GDP), while A's cash flows were positively correlated, would that influence your risk assessment?
_________This would make Project B more appealing.This would make Project B less appealing.
What is each project's expected annual cash flow? Round your answers to two decimal places.
Project A. $
Project B. $
Project B's standard deviation (σB) is $5,822.37 and its coefficient of variation (CVB) is 0.78. What are the values of (σA) and (CVA)? Round your answers to two decimal places.
σA = $
CVA =
Based on the risk-adjusted NPVs, which project should BPC choose?
If you knew that Project B's cash flows were negatively correlated with the firm's other cash flow, but Project A's cash flows were positively correlated, how might this affect the decision?
If Project B's cash flows were negatively correlated with gross domestic product (GDP), while A's cash flows were positively correlated, would that influence your risk assessment?
In: Finance
You are the operations manager for an airline and you are considering a higher fare level for passengers in aisle seats. How many randomly selected air passengers must you survey? Assume that you want to be 99% confident that the sample percentage is within 4.5 percentage points of the true population percentage. Complete parts (a) and (b) below.
a. Assume that nothing is known about the percentage of passengers who prefer aisle seats.
n = ?
(Round up to the nearest integer.)
b. Assume that a prior survey suggests that about 29% of air passengers prefer an aisle seat.
n = ?
(Round up to the nearest integer.)
In: Math
Discuss the use of the various windows in the IDA Pro and how they are used and then explain the use of Data and Code Cross-References.
In: Computer Science
Design and implement a C++ Application that:
Interactively input:
Menu with Option to:
Criteria:
Use this data for input:
MARKETING COMPANY REPORT PROGRAM
FIRST NAME LAST NAME ID HOURS WORKED Hourly Rate Total Pay
Brian Adams 612366 36
David Eisenhower 957654 38
Kathy Jones 123456 43
Janet Williams 245695 39
Steve Bradford 245690 39
Average Hours Worked: 39 Hrs/Week
In: Computer Science
A picking list is a list of the parts needed to assemble a product, in this case a front bicycle wheel.
Hint: Use Item Number as your key for UNF.
ITEM NUMBER: W150
ITEM DESCRIPTION: FRONT WHEEL ASSEMBLE A
PART # DESCRIPTION QTY
M300 CHAMPION RIM 1
U600 SPECIALIZED HUB 1
S101 CHAMPION SPOKES 36
T003 SPEC TOURING TIRE 1
E102 FUJI TUBE 1
Normalize this user view. Make sure to show your work for each view – so you should have 4 answers (e.g. Unnormalized, First Normal Form (1NF), Second Normal Form (2NF) and Third Normal Form (3NF). It is possible that some tables will be in 3NF without any changes to their 2NF status. You may just note that in your response. Also make sure to follow good DBDL protocol by capitalizing the relation name, putting attributes in parenthesis and underlining primary keys.
In: Computer Science
Related to Checkpoint 13.5) (Real options and capital budgeting) You are considering introducing a new Tex-Mex-Thai fusion restaurant. The initial outlay on this new restaurant is
$6.96.9
million and the present value of the free cash flows (excluding the initial outlay) is
$5.35.3
million, such that the project has a negative expected NPV of
$1.61.6
million. Upon closer examination, you find that there is a
5555
percent chance that this new restaurant will be well received and will produce annual cash flows of
$805 comma 000805,000
per year forever (a perpetuity), while there is a
4545
percent chance of it producing a cash flow of only
$199 comma 000199,000
per year forever (a perpetuity) if it isn't received well. The required rate of return you use to discount the project cash flows is
10.110.1
percnet. However, if the new restaurant is successful, you will be able to build
1515
more of them and they will have costs and cash flows similar to the successful restaurant's costs and cash flows.
a. In spite of the fact that the first restaurant has a negative NPV, should you build it anyway? Why or why not?
b. What is the expected NPV for this project if only one restaurant is built but isn't well received? What is the expected NPV for this project assuming
1515
more are built if the first restaurant is well received? (Ignore the fact that there would be a time delay in building additional new restaurants.)
In: Accounting
"this time I want you to discuss what you wish to discuss about ethics and corporate responsibility. This is when you can be creative, analytical, and thoughtful."
I have to do an essay of about 6 to 8 pages no less and no more, I just need some ideas on what can I write about ethics, its teleological approach and its demonological approach, some more about ethics and also about ethics in the corporate responsibility, how companies asomeimes are unethical on with their employees and stuff like that...
please though a bunch of ideas so I can be more creative... the class is business ethics, thanks.
In: Operations Management
1. After the dissolution of the Soviet Union in 1991, the Russian Federation had a lot of issues building a strong capitalistic economy. During the period of privatization, a lot of people were unemployed and had no clue how a free market economy works. All this factor resulted in the formation of bandit groups and gangs and a huge unemployment rate in the whole country. Based on the theories created by John Maynard Keynes, how should the government of the Russian Federation create demand and help people finding jobs?
2. Imagine that Canada is in the New Great Depression following the current global pandemic. The unemployment rate is very high, and many people have no source of income. How should the government respond to this downturn according to Keynes theories? Should the Government be concerned with balancing their own budget, why or why not?
3. Explain how cyclical unemployment is related to the theory of insufficiency of effective demand.
4. The theory of diminishing marginal propensity to consume suggests that rich people spend a smaller amount of the income on consumption (demand) than poor people do. Why would this make income inequality even worse for an economy than if this were not true?
try to use your own words to answer
In: Economics
Problem 7-17 Abandonment Value
We are examining a new project. We expect to sell 5,600 units per year at $70 net cash flow apiece for the next 10 years. In other words, the annual operating cash flow is projected to be $70 × 5,600 = $392,000. The relevant discount rate is 18 percent and the initial investment required is $1,550,000. a. What is the base-case NPV? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. After the first year, the project can be dismantled and sold for $1,270,000. If expected sales are revised based on the first year’s performance, below what level of expected sales would it make sense to abandon the project? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
In: Finance
The Shareholders’ Equity section of Hamilton Design Company’s December 31, 2019, balance sheet appeared as follows:
| Contributed Capital: | |
| Preferred stock, 6%, $100 par (10,000 shares authorized, 1,250 shares issued) | $125,000 |
| Additional paid-in capital on preferred stock | $55,000 |
| Common stock, $10 par (60,000 shares authorized, 15,000 shares issued | $150,000 |
| Additional paid-in capital on common stock | $105,000 |
| Total contributed capital | $435,000 |
| Retained earnings | $78,000 |
| Contributed capital and retained earnings | $513,000 |
| Less: Treasury Stock (300 shares of common at $14 per share) | ($4,200) |
| Total Shareholders' Equity | $508,800 |
During 2020, the company entered into the following transactions affecting shareholders’ equity:
1. Issued 250 shares of preferred stock at $160 per share.
2. Issued 3,000 shares of common stock at $16 per share.
3. Declared and issued a 15% stock dividend. On the date of declaration, the market price of the shares was $19 per share.
4. Reacquired 200 of its own common shares as treasury stock for $15 per share.
5. Reissued 250 shares of treasury stock at $17 per share (FIFO basis).
6. Net income for 2020 was $70,400. Dividends of $25,000 were distributed.
Instructions: Prepare a statement of stockholders’ equity for the year ended December 31, 2020, for Hamilton. Use the “columnar format” show in your textbook.
***Please show all supporting calculations.
In: Accounting
| C1 | C2 | C3 | C4 | C5 | C6 | C7 | C8 | C9 | C10 | |
| R1 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| R2 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| R3 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| R4 | 10 | 10 | 20 | 20 | 20 | 20 | 20 | 20 | 10 | 10 |
| R5 | 10 | 10 | 20 | 20 | 20 | 20 | 20 | 20 | 10 | 10 |
| R6 | 10 | 10 | 20 | 20 | 20 | 20 | 20 | 20 | 10 | 10 |
| R7 | 20 | 20 | 30 | 30 | 30 | 30 | 30 | 30 | 20 | 20 |
| R8 | 20 | 30 | 30 | 40 | 50 | 50 | 40 | 30 | 30 | 20 |
| R9 | 30 | 40 | 50 | 50 | 50 | 50 | 50 | 50 | 40 | 30 |
| R10 | 20 | 40 | 50 | 50 | 50 | 50 | 50 | 50 | 40 | 20 |
A theater seating chart is implemented as a table of ticket prices, like this above Write a program that asks users to pick either a seat or a price. When choosing seat, indicate the row and column for the location; when choosing the price, like computer find the first available price; mark the sold seats by changing the price to 0. When a user specifies a seat, make sure it is available. Use loop to determine whether continue to order or not. In each time, the seating chart should be displayed for user. When user stops ordering, your program should output the number of tickets ordered, and amount ordered.
PS- the program is being written in python language and our insturctor has told us to us elif
In: Computer Science
Question 1: 1. Discuss your understanding on the following software processes models based on the provided attributes: Process Models
: a. Waterfall process
b. Incremental delivery
c. Component based software development (Reuse-based)
d. Rational Unified Process (RUP)
e. Spiral Process
f. eXtreme Programming (XP) Attributes:
a. Applicability: What type of software projects are they typically applicable.
b. Rapidity of development: How fast can software be developed.
c. Quality of developed software: The quality of the end-product and the software artefacts like SRS and design document.
d. Customer/Stakeholder involvement: How much are the customer/Stakeholder involved in the process.
e. Process Visibility: How easy is to judge the progress of the project.
Question 2: Decide and explain in brief which software process would be best suitable to develop each of the following software. You can propose a hybrid process. You need to provide clear justifications for your choice. Also, list down three most important quality attributes (from the user perspective) for each of the listed software and explain in brief why it is important: 1.
A massive online course platform like Coursera, Udacity, Edx.
2. Online banking system for a bank.
3. A university software consisting of registration system, library system, student admission system, and faculty information system.
4. A calendar App for smartphones
In: Computer Science