You are at a job interview for a senior management position. The interviewer asks you to explain how you would go about changing the culture of the organization, if hired. What would you suggest?
In: Operations Management
Beech Corporation is a merchandising company that is preparing a master budget for the third quarter of the calendar year. The company’s balance sheet as of June 30th is shown below: Beech Corporation Balance Sheet June 30 Assets Cash $ 80,000 Accounts receivable 135,000 Inventory 41,250 Plant and equipment, net of depreciation 211,000 Total assets $ 467,250 Liabilities and Stockholders’ Equity Accounts payable $ 72,000 Common stock 345,000 Retained earnings 50,250 Total liabilities and stockholders’ equity $ 467,250 Beech’s managers have made the following additional assumptions and estimates: 1.Estimated sales for July, August, September, and October will be $220,000, $240,000, $230,000, and $250,000, respectively. 2.All sales are on credit and all credit sales are collected. Each month’s credit sales are collected 35% in the month of sale and 65% in the month following the sale. All of the accounts receivable at June 30 will be collected in July. 3.Each month’s ending inventory must equal 25% of the cost of next month’s sales. The cost of goods sold is 75% of sales. The company pays for 40% of its merchandise purchases in the month of the purchase and the remaining 60% in the month following the purchase. All of the accounts payable at June 30 will be paid in July. 4.Monthly selling and administrative expenses are always $40,000. Each month $6,000 of this total amount is depreciation expense and the remaining $34,000 relates to expenses that are paid in the month they are incurred. 5.The company does not plan to borrow money or pay or declare dividends during the quarter ended September 30. The company does not plan to issue any common stock or repurchase its own stock during the quarter ended September 30. Required: 1. Prepare a schedule of expected cash collections for July, August, and September. 2-a. Prepare a merchandise purchases budget for July, August, and September. Also compute total merchandise purchases for the quarter ended September 30. 2-b. Prepare a schedule of expected cash disbursements for merchandise purchases for July, August, and September. 3. Prepare an income statement for the quarter ended September 30. 4. Prepare a balance sheet as of September 30. Loading...
In: Accounting
Please answer with detail : define diversity along with some of the key components of diversification and the risk of becoming over diversified.
PLEASE CITE ALL OUTSIDE SOURCES.
In: Operations Management
Renter’s Dilemma
Adam's, Inc., a publicly traded corporation, plans to lease equipment from Jackson Co. (Jackson) on January 1, 2020, for a period of three years. Lease payments of $100,000 are due to Jackson each year. Other expenses (e.g., insurance, taxes, and maintenance) are also to be paid by Adams and amount to $2,000 per year. Jackson will not incur any initial direct costs. The lease contains no purchase or renewal options and the equipment reverts back to Jackson on the expiration of the lease. The remaining useful life of the equipment is four years. The fair value of the equipment at lease inception is $265,000. Adams has guaranteed $20,000 as the residual value at the end of the lease term. The $20,000 represents the expected value of the leased equipment to Adams at the end of the lease term. The salvage value of the equipment is expected to be $2,000 after the end of its economic life. Adam’s incremental borrowing rate is 11 percent (Jackson’s implicit rate is 10 percent and is calculable by Adams from the lease agreement).
The junior accountant of Adams analyzed the assets under lease, determined whether the lease was an operating lease or finance lease, and prepared the applicable journal entries. The senior accountant of Adams reviewed the junior accountant’s analysis and prepared a separate analysis. As the finance controller, you were given both analyses to determine the correct accounting treatment. Calculations and journal entries performed by your junior and senior accountant follow:
Present Value of the Lease Obligation
Using the rate implicit in the lease (10 percent), the present value of the guaranteed residual value would be $15,026 ($20,000 x 0.7513), and the present value of the annual payments would be $248,685 ($100,000 x 2.4869).
Using the incremental borrowing rate (11 percent), the present value of the guaranteed residual value would be $14,624 ($20,000 x 0.7312), and the present value of the annual payments would be $244,371 ($100,000 x 2.4437).
Junior accountant analysis:
Since the equipment reverts back to Jackson, it is an operating lease. 840
Entry to be posted in years 1, 2, and 3:
Dr. Rent expense $100,000
Dr. Insurance expense $2,000
Cr. Cash $102,000
(Operating lease rental paid to Jackson)
Senior accountant analysis:
Step 1 – Lease classification
The lease term is for three years. The useful life of the equipment is four years. Since the lease term is for a major part of the useful life of the equipment, it is a finance lease.
Step 2 – Computation of the lease asset and obligation
Since Adam’s incremental borrowing rate is greater than the implicit rate in the lease, compute the present value of the minimum lease payments using the 11 percent rate.
Present value of the minimum lease payments = $100,000 x 2.4437 = $244,371.
Step 3 – Allocation of payments between interest and lease obligation
Since interest has to be charged on the straight-line method, the following is the allocation of the interest and the reduction in the lease liability.
Year |
Cash Payment |
Interest Expense (11%) |
Reduction in Lease Obligation |
Balance of Lease Obligation |
0 |
$244,371 |
|||
1 |
$100,000 |
$26,881 |
$73,119 |
$171,252 |
2 |
$100,000 |
$26,881 |
$73,119 |
$98,133 |
3 |
$100,000 |
$26,881 |
$73,119 |
$25,014 |
Entry to be posted in year 1 for capitalization of equipment:
Db. Equipment $244,371
Cr. Lease obligation $244,371
Entry to be posted in years 1, 2, and 3 for payment:
Dr. Rent expense $2,000
Dr. Interest expense $26,881
Dr. Lease obligation $73,119
Cr. Cash $102,000
(Finance lease rental paid to Jackson)
Required:
Are either of the above analyses correct? If so, which one? If not, why not and what would need to be changed? Please provide appropriate codification support for your conclusions. ( Use answers according FASB Codifications)
In: Finance
Month |
Sales |
Moving Average |
MAD |
Jan-19 |
119 |
||
Feb-19 |
72 |
||
Mar-19 |
113 |
||
Apr-19 |
82 |
||
May-19 |
82 |
||
Jun-19 |
131 |
||
Jul-19 |
111 |
||
Aug-19 |
116 |
||
Sep-19 |
89 |
||
Oct-19 |
95 |
||
Nov-19 |
88 |
||
Dec-19 |
90 |
||
Jan-20 |
2. Use the same date from Q1. to answer the following questions. (10 pts.)
Month |
Sales |
Forecast |
Jan-19 |
119 |
|
Feb-19 |
72 |
|
Mar-19 |
113 |
|
Apr-19 |
82 |
|
May-19 |
82 |
|
Jun-19 |
131 |
|
Jul-19 |
111 |
|
Aug-19 |
116 |
|
Sep-19 |
89 |
|
Oct-19 |
95 |
|
Nov-19 |
88 |
|
Dec-19 |
90 |
|
Jan-20 |
You need a beginning forecast of Jul-19 to start this. Use the naïve forecast for estimating Jul-19, and then use the answer to start the exponential smoothing method.
(Please show all the work for credit on this. You can use excel too, but show the logic/formula if using excel)
In: Operations Management
Why do governments try to create clusters around groundbreaking research?
Do you think that governments should undertake such efforts or leave it all to markets to determine successes and failures?
In: Operations Management
Can you please describe 3 to 5 characteristics a data store design must have to be considered a proper physical design.
In: Operations Management
Firms pursuing a differentiation strategy primarily seek to:
Keep their cost structures lower than that of the cost leader. |
||||||||||||||||||||||||||||||||||||||
Reduce the value gap to gain a competitive advantage. |
||||||||||||||||||||||||||||||||||||||
Provide products that are a direct imitation of the competitors’ products |
||||||||||||||||||||||||||||||||||||||
Create higher customer perceived value that the value competitors create. Which of the following stages of the strategic management process involves an evaluation of a firm’s external and internal environments?
|
In: Operations Management
Chart for question 1-6
Mass of metal Al: 7.4760g
Volume of water: 100mL
Mass of water:
Initial temp of water: 25 celsius
Initial temp of metal: 200 celsius
Max temp of water and metal: 27.65 celsius
Chart for question 1
Mass of metal Pb: 33.3590g
Volume of water: 100mL
Mass of water:
Initial temp of water: 25 celsius
Initial temp of metal: 200 celsius
Max temp of water and metal: 26.73 celsius
In: Other
An industrial engineer at an appliance repair company compared a new strategy for dispatching its service technicians to its usual way. The new strategy consisted of using software to solve the vehicle routing problem (a mathematical program) each morning after several service calls came in. The old way was to simply wait for a service request, then send any available technician. Each of the thirty-six technicians was assigned to either the old or new way, so that there were exactly eighteen in each group. The company carried out this experiment over 40 working days, and the average daily mileages for the thirty-six repairpersons are below.
Old
99.1 | 99.7 | 94.6 | 70.2 | 101.7 | 88.2 | 63.9 | 109.5 | 97.1 |
182.9 | 193.2 | 95.1 | 92.4 | 105.3 | 85.6 | 89.5 | 92.9 | 87.3 |
New
95.8 | 85.2 | 79.3 | 62.2 | 87.9 | 97.9 | 89.3 | 98.6 | 88.6 |
101.1 | 90.1 | 84.1 | 82.2 | 96.6 | 99.7 | 86.7 | 91.5 | 83.2 |
a) Make boxplots, probability plots, and run
Anderson-Darling and Shapiro-Wilks tests to check for normality. Is
the normality assumptions in question Explain.
b) If you think the normality assumptions are
violated, you need to run some other kind of test, like a
nonparametric test. One reasonable choice would be the
Mann-WhitneyWilcoxon rank sum test. Use R to run this test. Provide
your code, output, and remarks in your solutions.
In: Math
What U. S. organizations use organizational open, natural and rational?
In: Operations Management
Why was there such strong popular support for McCarthy's anticommunist crusade in the early 1950s? Would you have supported his goals and tactics? Why or why not?
In: Psychology
NEED THE COMPLETE AND CLEAR SOLUTION thanks
An isotonic solution will produce an osmotic pressure of 7.84 atm measured against pure water at human body temperature (37.0 °C). How many g of sodium chloride must be dissolved in a liter of water to produce an isotonic solution?
In: Chemistry
9. The American novelist James Baldwin wrote, "Words like freedom, justice, democracy are not common concepts; on the contrary, they are rare. People are not born knowing what these are. It takes enormous and, above all, individual effort to arrive at the respect for other people that these words imply." Ask students to define the terms freedom, justice, and democracy. How did the students derive their own meaning for these words?
In: Psychology
Write a complete C++ program to implements a Min-heap.
Each node will contain a single integer data element. Initialize the Min-heap to contain 5 nodes, with the values 8, 12, 24, 32, 42.
The program should allow for the insertion and deletion of nodes while maintaining a Min-Heap.
The program should allow the user to output data in Preorder, Inorder and Postorder.
The program should loop with menu items for each of the above objectives and the choice to quit
Here's the code:
**EDIT: Need help in outputting data into Preorder, Inorder and Postorder, plus ensuring the nodes are implemented correctly (I think I overlooked this part). **
#include studio.h
#include isotream
int array[100]; // variable for array to store up to 100
elements
int n;
using namespace std;
void display();
void delete_elem(int num);
void heapify(int index,int n){
if(index >= n)return;
int left = 2*index;
int right = 2*index + 1;
int mx_ind = index;
if(left < n and array[left] > array[mx_ind]){
mx_ind = left;
}
if(right < n and array[right] > array[mx_ind]){
mx_ind = right;
}
if(mx_ind != index){
swap(array[mx_ind],array[index]);
heapify(mx_ind,n);
}
}
int insert(int num, int location)
{
int parentnode;
while (location > 0)
{
parentnode =(location - 1)/2;
if (num <= array[parentnode])
{
array[location] = num;
return location;
}
array[location] = array[parentnode];
location = parentnode;
}
array[0] = num;
return 0;
}
int main()
{
int choice, num;
n = 0;
while(1)
{
printf("1.Insert the element \n");
printf("2.Delete the element \n");
printf("3.Display all elements \n");
printf("4.Quit \n");
printf("Enter your choice : ");
scanf("%d", &choice);
switch(choice)
{
case 1:
printf("Enter the element to be inserted to the list : ");
scanf("%d", &num);
insert(num, n);
n = n + 1;
break;
case 2:
printf("Enter the elements to be deleted from the list: ");
scanf("%d", &num);
delete_elem(num);
break;
case 3:
display();
break;
case 4:
exit(0);
default:
printf("Invalid choice \n");
}
}
}
void display()
{
int i;
if (n == 0)
{
printf("Heap is empty \n");
return;
}
for (i = 0; i < n; i++)
printf("%d ", array[i]);
printf("\n");
}
void delete_elem(int num)
{
int left, right, i, temp, parentnode;
for (i = 0; i < num; i++) {
if (num == array[i])
break;
}
if (num != array[i])
{
printf("%d not found in heap list\n", num);
return;
}
array[i] = array[n - 1];
n = n - 1;
parentnode =(i - 1) / 2;
if (array[i] > array[parentnode])
{
insert(array[i], i);
return;
}
left = 2 * i + 1;
right = 2 * i + 2;
while (right < n)
{
if (array[i] >= array[left] && array[i] >=
array[right])
return;
if (array[right] <= array[left])
{
temp = array[i];
array[i] = array[left];
array[left] = temp;
i = left;
}
else
{
temp = array[i];
array[i] = array[right];
array[right] = temp;
i = right;
}
left = 2 * i + 1;
right = 2 * i + 2;
}
if (left == n - 1 && array[i])
{
temp = array[i];
array[i] = array[left];
array[left] = temp;
}
}
In: Computer Science