Questions
Since the beginning of the financial year, Large Mart has spent $100,000 to create a new...

Since the beginning of the financial year, Large Mart has spent $100,000 to create a new computer program that is able to automatically summarise the content of a university lecture without any manual work being required by students. Large Mart decided to undertake this project because its programming department knew it had the technical knowledge to develop the program successfully, and college students had previously expressed strong interest to purchase such a program. This week, the program has been completed and it will go on sale next week. The Large Mart accounting department is unsure if the $100,000 that was spent on the creation of the program is regarded as a development or research cost. As a result, the accounting department is also unsure how to account for the monies spent on the creation of the program.

1) Provide a detailed discussion of the difference between development and research expenditures, and explain what criteria must be used to distinguish between development and research expenditures in the Australian financial accounting environment.  

2) Determine if the creation of the program represents development or research expenditure, using a detailed evaluation of the criteria you have identified in question 1, and explain how the funds spent on the creation of the program should be accounted for

In: Accounting

Do you believe a habit (positive and negative) is a learned conditioned behavior? Explain why and...

Do you believe a habit (positive and negative) is a learned conditioned behavior? Explain why and give an example of your or someone else's habit and explain how this is conditioned or learned behavior. How would you break a negative habit?

In: Psychology

What is meant by an investor’s required rate of return? How do we measure risk in...

What is meant by an investor’s required rate of return? How do we measure risk in an investment? What do you consider a “risky” investment and a “safe” investment? What do you consider the tradeoff between risk and return of investments? Why are these concepts important to business leaders in Saudi Arabia? what are the risk versus return and doing business in Saudi ?Arabia.

In: Finance

how does language and discourse shape and formulate strategy within an organization? explain fully and provide...

how does language and discourse shape and formulate strategy within an organization? explain fully and provide some examples

In: Operations Management

CASE HISTORY: John, an overweight 49-year-old man with a history of diabetes and hypertension is playing...

CASE HISTORY: John, an overweight 49-year-old man with a history of diabetes and hypertension is playing soccer. After half an hour of an intense game, he feels severe chest pain that travels to his lower jaw. He is pale, diaphoretic, and short in breath. Upon arrival to the ER, an ECG was taken and the results show the following (note the changes in leads II, III and aVF):

QUESTION: What could be the possible reason for John’s chest pain? Explain your answer based on the clinical information.

In: Nursing

So I'm writing a function in javaScript that will take a user full name in one...

So I'm writing a function in javaScript that will take a user full name in one text box. "first" space "last name" But if the user does not enter the space then there should be an error. So I'm looking for a way to validate this so the user needs to enter the space.

In: Computer Science

Do you think labor unions are generally good for employees? In 200 words or less

Do you think labor unions are generally good for employees? In 200 words or less

In: Operations Management

Agnes Hammer is a senior majoring in management science. She has interviewed with several companies for...

Agnes Hammer is a senior majoring in management science. She has interviewed with several companies for a job when she graduates, and she is curious about what starting salary offers she might receive. She asked 12 of her classmates at random what their annual staring salary offers were, and she received the following responses

$28500 $35500
$32600 $36000
$34000 $25700
$27500 $29000
$24600 $31500
$34500 $26800
  1. Compute the sample mean and sample variance for these data. (Please write down the calculation process)

  2. Suppose the starting salaries are normally distributed, the mean is the same as the sample mean and variance is the same as sample variance that you calculate from the previous question. What is the probability that Agnes will receive a salary offer of less than $27000? (For probability of normal distribution, please use the probability table posted on Blackboard)

  3. Suppose the starting salaries are normally distributed, the mean is the same as the sample mean and variance is the same as sample variance that you calculate from the previous question. What is the probability that Agnes will receive a salary offer of between $27000 and $40000 (meaning 27000<= salary <= 40000)? (For probability of normal distribution, please use the probability table posted on Blackboard)

In: Operations Management

Last month, there was a mechanical breakdown on the cable gondola that takes passengers from the...

Last month, there was a mechanical breakdown on the cable gondola that takes passengers from the base of Marvellous Mountain to the restaurant at the top. The system, which is operated by Marvellous Mountain Cable Corp. (Marvellous), has two large gondolas, one of which is going down the mountain when the other goes up. The breakdown took place in late afternoon and it soon became apparent that it could not be repaired until the following morning, so the passengers needed to be evacuated from the stationary gondolas.

The evacuation itself was not hazardous but, in the case of one of the gondolas, the passengers would have to walk a long distance over rough terrain after rescue personnel lowered them to the ground. It was considered unsafe for the passengers to be walking over this terrain with heavy items. As a consequence, the passengers were instructed over the public announcement system built into each gondola that for safety’s sake they were to leave any heavy bags and backpacks in the gondola, from which Marvellous personnel would remove them when the gondola was moving again and keep them to be reclaimed.

Two passengers in that gondola suffered serious consequences from these events. One Randolph, was claustrophobic. As long as the gondola was moving Randolph had no problem, but during the hour and a half that elapsed from when the gondola shuddered to a halt to when the passengers were evacuated, Randolph was reduced to a state of serious debilitation and, since the incident, has been diagnosed with post-traumatic stress disorder.

The other, Rhonda, had in her backpack a small but heavy scientific instrument that she used in her job as a geologist. The instrument, which belonged to her, was worth $40,000. She left the backpack on the gondola as instructed and it was returned to her the next day, but the instrument was gone. It cannot be determined who removed it from the backpack or when, other than that it must have occurred after the luggage the passengers had left behind in the gondola was unloaded the next day by Marvellous personnel.

Each passenger, when buying a ticket for the gondola, had received a receipt in large font stating, “THIS TICKET CONTAINS CONDITIONS OF CARRIAGE — SEE BACK”. On the back, in a smaller but still readable font, were three conditions, one of which read:

“LIABILITY — PASSENGER ASSUMES RISK — By accepting this ticket,  passenger expressly agrees that Marvellous Mountain Cable Corp. shall not be liable for any personal injury or loss of property from any and all causes, including our negligence, that occurs in the gondola terminals or on the gondola.

It comes out, some time after the incident, that Marvellous had failed to arrange for the annual safety inspection and re-certification of the gondola system that was due the week before the incident. As a result, the gondola was operating without a current safety certificate. It appears that the standard inspection would have spotted the wear in a particular gear that experts later determined had caused the breakdown.

Discuss the contract claims that Randolph and Rhonda may have against Marvellous.

In: Operations Management

Question one: Define "Sustainable Supply Chain Management" and discuss how a specific company uses it. Question...

Question one:

Define "Sustainable Supply Chain Management" and discuss how a specific company uses it.

Question two;

Define the following terms AND give an example of each - a)   Franchise b) Gross Margin c) Direct Marketing.

Question three:

Define "Customer Relationship Management and give an example of how a specific company uses it.

In: Operations Management

In C programming, Thank you Declare an array that can contain 5 integer numbers. Use a...

In C programming, Thank you

Declare an array that can contain 5 integer numbers.

Use a for loop to ask the user for numbers and fill up the array using those numbers.

Write a program to determine the 2 largest integers in the array, and print those numbers.

Hint: You can declare integer variables “largest” and “secondLargest” to keep track as you make comparisons using the if...elseif statement.

The following is an example of how your program should look when you execute it:

Enter a number to store in the array: 10
Enter a number to store in the array: 91
Enter a number to store in the array: 145
Enter a number to store in the array: 94
Enter a number to store in the array: 97

The largest number is 145
The second largest number is 97

In: Computer Science

Question 3 Compose a literature review surrounding the debates on " The impact of a good...

Question 3

Compose a literature review surrounding the debates on " The impact of a good marketing strategy on an organization's performance". This submission will serve as part of your motivation or presentation to your manager, pending on how well you gather and present the information to the above theme. (25)

Explain additional research is required (reference as per the Harvard style of referencing). Use the rubric (below) to develop a literature review based on the topic.

In: Operations Management

Tastyfreeze Company is a small producer of fruit-flavored frozen desserts. For many years, its products have...

Tastyfreeze Company is a small producer of fruit-flavored frozen desserts. For many years, its products have had strong regional sales because of brand recognition; however, other companies have begun marketing similar products in the area, and price competition has become increasingly important. Dan O’Mara, the company’s controller, is planning to implement a standard cost system for Tastyfreeze and has gathered considerable information from his coworkers about production and materials requirements for Tastyfreeze’s products. Dan believes that the use of standard costs will allow the company to improve cost control, make better pricing decisions, and enhance strategic management. Tastyfreeze’s most popular product is raspberry sherbet. The sherbet is produced in 10-gallon batches, each of which requires 6 quarts of good raspberries and 10 gallons of other ingredients. The fresh raspberries are sorted by hand before they enter the production process. Because of imperfections in the raspberries and normal spoilage, 1 quart of berries is discarded for every 4 accepted. The standard direct labor time for sorting to obtain 1 quart of acceptable raspberries is 5 minutes. The acceptable raspberries are then blended with the other ingredients; blending requires 15 minutes of direct labor time per batch. After blending, the sherbet is packaged in quart containers. Dan has gathered the following price information: Tastyfreeze purchases raspberries for $6 per quart. All other ingredients cost $2.90 per gallon. Direct labor is paid at the rate of $20 per hour. The total packaging cost (labor and materials) for the sherbet is $0.95 per quart. Required: 1. Develop the standard cost for the direct cost components of a 10-gallon batch of raspberry sherbet. For each direct cost component, the standard cost should identify the following: (Do not round intermediate calculations. Round your answers to 2 decimal places.) a. Standard quantity. b. Standard rate (or price). c. Standard cost per 10-gallon batch. Next Visit question mapQuestion 5 of 6 Total 5 of 6 Prev

In: Accounting

The following table provides monthly sales ($1000) at a college bookstore. The sales show a seasonal...

The following table provides monthly sales ($1000) at a college bookstore. The sales show a seasonal pattern, with the greatest number when the college is in session and decrease during the summer months.

Calculate all seasonal factors? Then calculate the forecasted sales per month for year 5 - third quarter only. Given that a fiscal year starts in January and ends in December. In year 5 the expected to be a total of $3,600,000

M

T

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

1

196

188

192

164

140

120

112

140

160

168

192

200

2

200

188

192

164

140

122

132

144

176

168

196

194

3

196

212

202

180

150

140

156

144

164

186

200

230

4

242

240

196

220

200

192

176

184

204

228

250

260

In: Operations Management

The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates...

The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale warehouse.

  1. Issued 48,000 shares of common stock in exchange for $480,000 in cash.
  2. Purchased equipment at a cost of $58,000. $19,000 cash was paid and a notes payable to the seller was signed for the balance owed.
  3. Purchased inventory on account at a cost of $114,000. The company uses the perpetual inventory system.
  4. Credit sales for the month totaled $210,000. The cost of the goods sold was $88,000.
  5. Paid $6,800 in rent on the warehouse building for the month of March.
  6. Paid $7,800 to an insurance company for fire and liability insurance for a one-year period beginning April 1, 2021.
  7. Paid $88,000 on account for the merchandise purchased in 3.
  8. Collected $73,000 from customers on account.
  9. Recorded depreciation expense of $2,800 for the month on the equipment.


Post the above transactions to the below T-accounts. Assume that the opening balances in each of the accounts is zero. Prepare a trial balance from the ending account balances

In: Accounting