a: departments 2 and 6..
departments 2 and 6 reported unfavorable expense variances in fiscal year 2021.
an expense variance analysis was conducted for all emerson production departments, revealing the following variances:
department 1: 20,000 (unknown if favorable or unfavorable)department 2: -27,800 (unfavorable)
department 3: -4,800 (unknown if favorable or unfavorable)department 4: 32,800 (unknown if favorable or unfavorable)
department 5: 3,700 (unknown if favorable or unfavorable)department 6: -19,000 (unfavorable)
from the provided information, we can determine that departments 2 and 6 had unfavorable expense variances in fiscal year 2021.
other departments either had unknown variances or were not mentioned in the given data.
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Which one of the following is not something to look for in identifying the key features of a company's corporate culture? Copyright © by Glo-Bus Software, Inc. Copying, distributing, or 3rd party website posting isexpressly prohibited and constitutes copyright violation. O The actions and behaviors management explicitly encourages and rewards in the form of compensation and promotion and those that are frowned upon (and sometimes punished). The values, business principles, and ethical standards that management preaches and practices The strength of peer pressures to do things in particular ways and conform to expected norms. How many and what kinds of best practices the company has adopted, the competitive strategy the company is employing, and the company's strategic intent O The atmosphere and spirit that pervade the work environment
The one that is not something to look for in identifying the key features of a company's corporate culture is: How many and what kinds of best practices the company has adopted, the competitive strategy the company is employing, and the company's strategic intent.
The one that is not something to look for in identifying the key features of a company's corporate culture is how many and what kinds of best practices the company has adopted, the competitive strategy the company is employing, and the company's strategic intent. The following are the things to look for in identifying the key features of a company's corporate culture: O The actions and behaviors management explicitly encourages and rewards in the form of compensation and promotion and those that are frowned upon (and sometimes punished).The values, business principles, and ethical standards that management preaches and practices. The strength of peer pressures to do things in particular ways and conform to expected norms. The atmosphere and spirit that pervade the work environment.
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Sam Malone is considering renovating the bar stools at Cheers. The production function for new bar stools is given by q=0.160208 where q is the number of bar stools produced during the renovation week, k represents the number of hours of bar stool lathes used during the week, and I represents the number of worker hours employed during the period. Sam would like to provide 10 new bar stools, and he has allocated a budget of $10,000 for the project a. Sam reasons that because bar stool lathes and skilled bar stool workers both cost the same amount (550 per hour), he might as well hire these two inputs in equal amounts. If Sam proceeds in this way, how much of each input will he hire and how much will the renovation project cost? b. Norm (who knows something about bar stools) argues that once again Sam has forgotten his microeconomics. He asserts that Sam should choose quantities of inputs so that their marginal (not average) productivities are equal. If Sam opts for this plan instead, how much of each input will he hire and how much will the renovation project cost? c. Upon hearing that Norm's plan will save money, Cliff argues that Sam should put the savings into more bar stools in order to provide seating to more of his USPS colleagues. How many more bar stools can Sam get for his budget if he follows Cliff's plan? d. Carla worries that Cliff's suggestion will just mean more work for her in delivering food to bar patrons. How might she convince Sam to stick to his original 10-bar stool plan? Exper
Sam Malone is considering hiring bar stool lathes and skilled workers in equal amounts, Norm suggests choosing input quantities based on marginal productivities, Cliff proposes using savings, and Carla raises concerns.
If Sam hires bar stool lathes and skilled bar stool workers in equal amounts, he will hire 10 hours of each input. Since both inputs cost $550 per hour, the total cost of the renovation project will be $11,000 (10 hours x $550/hour for each input).
b. According to Norm's suggestion, Sam should choose input quantities where their marginal productivities are equal. The given production function q = 0.160208 implies that the marginal productivity of bar stool lathes (MPk) is 0.160208 and the marginal productivity of worker hours (MPI) is also 0.160208. To achieve a target output of 10 bar stools, Sam would need to hire 62.38 hours of bar stool lathes and 62.38 worker hours. The total cost of the project would then be $34,309.
c. If Sam follows Cliff's plan, he can use the savings from the project cost to provide more bar stools. The exact number of additional bar stools he can get would depend on the cost per bar stool and the remaining budget after accounting for the input costs. This information is not provided in the given scenario.
d. Carla's concerns about increased workload can be addressed by emphasizing the efficiency and manageability of the original 10-bar stool plan. Sam can explain that sticking to the planned project will ensure a manageable workload for Carla in delivering food to the bar patrons, avoiding potential strains on operations and maintaining quality service.
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Other items
Tax rate 25%
Unlevered beta 0.80
Target debt/equity ratio 0.50
Bond rating BB+
Market risk premium 6.5%
Risk free rate 2.0%
Small firm premium 2.5%
Credit spread debt 3.0%
Long term growth 3.0%
Long term ROCB 10.0%
What is the Weighted Average Cost of Capital (or WACC) of this company in percentages (%)? Please round your answer to one decimal place, use a period to indicate the decimal place and provide your answer without a percentage sign (e.g. 13.6 instead of 13.6%).
WACC = (Weight of Equity * Cost of Equity) + (Weight of Debt * Cost of Debt) * (1 - Tax Rate)
To calculate the Weighted Average Cost of Capital (WACC), we need to consider the cost of equity and the cost of debt, weighted by their respective proportions in the capital structure.
Given:
Tax rate: 25%
Unlevered beta: 0.80
Target debt/equity ratio: 0.50
Bond rating: BB+
Market risk premium: 6.5%
Risk-free rate: 2.0%
Small firm premium: 2.5%
Credit spread debt: 3.0%
Long-term growth: 3.0%
Long-term ROCB: 10.0%
First, let's calculate the cost of equity using the Capital Asset Pricing Model (CAPM):
Cost of Equity = Risk-Free Rate + Beta * Market Risk Premium + Small Firm Premium
Cost of Equity = 2.0% + 0.80 * 6.5% + 2.5%
Next, let's calculate the cost of debt:
Cost of Debt = Risk-Free Rate + Credit Spread Debt
Cost of Debt = 2.0% + 3.0%
Now, we can calculate the weights of equity and debt in the capital structure:
Weight of Equity = (1 - Target debt/equity ratio)
Weight of Debt = Target debt/equity ratio
Finally, we can calculate the WACC:
WACC = (Weight of Equity * Cost of Equity) + (Weight of Debt * Cost of Debt) * (1 - Tax Rate)
Please perform the calculations to find the WACC of the company in percentages (%), rounding to one decimal place, and providing the answer without a percentage sign.
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Please tell us event(s) you faced or experiences you or someone you know had which is related to moral hazard or asymmetric information: please describe and explain in detail how and why and how such event or experience had moral hazard or asymmetric information component, and why it was relevant. (No copying/pasting from various websites; provide research references.)
One example of an event related to moral hazard and asymmetric information is the 2008 financial crisis, where banks took excessive risks due to the belief that they would be bailed out by the government.
The 2008 financial crisis serves as an example of an event with both moral hazard and asymmetric information components. Prior to the crisis, banks engaged in risky lending practices, particularly in the subprime mortgage market, knowing that they could pass off the risks to others. This is a classic case of moral hazard, where one party takes risks because they believe they will not bear the full consequences of their actions.
Asymmetric information played a crucial role in the crisis as well. Banks packaged and sold complex financial products, such as mortgage-backed securities, without providing adequate information about the underlying risks to investors. The investors, often institutional or individual buyers with limited expertise, lacked access to complete and accurate information about the quality of the assets they were purchasing. This information asymmetry allowed banks to offload toxic assets onto unsuspecting investors, exacerbating the crisis.
In summary, the 2008 financial crisis exemplifies the interplay between moral hazard and asymmetric information. Banks took excessive risks due to the expectation of government bailouts, while asymmetric information allowed them to sell complex financial products without disclosing the true risks to investors. These factors contributed to the severity and impact of the crisis, highlighting the relevance of moral hazard and asymmetric information in shaping financial events.
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Domco makes and sells a single product, Product P. It is currently producing 112,000 units per month, and is operating at 80% of full capacity. Total monthly costs at the current level of capacity are R611,000. At 100% capacity, total monthly costs would be R695,000. Fixed costs would be the same per month at all levels of capacity between 85% and 100%. At the normal selling price for Product P, the contribution/sales ratio is 60%. A new customer has offered to buy 25,000 units of Product P each month, at 20% below the normal selling price. Domco estimates that for every five units that it sells to this customer, it will lose one unit of its current monthly sales to other customers. Required: a) Calculate the variable cost per unit of Product P and total fixed costs per month. b) Calculate the current normal sales price per unit, and the contribution per unit at this price. c) Calculate the effect on total profit each month of accepting the new customer's offer, and selling 25,000 units per month to this customer. Recommend whether the customer's offer should be accepted.
This indicates that the customer's offer should not be accepted, as it will lead to a monthly loss of R247,000.
Variable costs per unit of Product P: Contribution to sales ratio = (Sales - variable cost) / Sales
Therefore, 60% = (Selling price - Variable cost) / Selling price
Therefore, Variable cost = (40 / 100) × Selling price = (40 / 100) × R16 = R6.40
Variable cost per unit of Product P = R6.40
Fixed cost = Total cost - Total variable cost
At 80% of full capacity, Total cost = R611,000
Total cost at 100% capacity = R695,000
At 80% of full capacity, Total variable cost = (112,000 × R6.40) = R716,800
Fixed cost at 80% of full capacity = R611,000 - R716,800 = -R105,800
Therefore, total fixed cost per month is -R105,800.
The estimated loss in sales to other customers is: (1 / 5) × 25,000 units per month = 5,000 units per month
Sales to other customers would therefore be: (112,000 - 5,000) units per month × R16 = R1,748,000
Total sales per month = R320,000 + R1,748,000 = R2,068,000
Total variable cost per month = 137,000 × R6.40 = R876,800
Contribution margin per month = R2,068,000 × 60% = R1,240,800
Fixed cost = R611,000
Total cost per month = R611,000 + R876,800 = R1,487,800
Total profit per month = R1,240,800 - R1,487,800 = -R247,000
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the sarbanes-oxley act of 2002 (sox) was created, in part, to address cases of companies making fraudulent entries to avoid reporting net losses. to find evidence of this kind of earnings management, review the below tableau dashboard, which includes available data from all u.s. public companies for 1985-2017 (except banks, financial institutions, and other regulated companies). by following the requirements below, you will discover whether earnings management occurred during certain periods.
The Sarbanes-Oxley Act of 2002 (SOX) was enacted in the wake of some major corporate scandals such as Enron, WorldCom, and Tyco International. The Act was created to address cases of companies making fraudulent entries to avoid reporting net losses.
SOX established stringent accounting and auditing standards for public companies and required the management to provide certification of financial statements.The below Tableau Dashboard includes available data from all US public companies for 1985-2017 (except banks, financial institutions, and other regulated companies). To find evidence of earnings management, you must follow the below requirements.Requirements:1. Select “Accounts Receivable” as the account to focus on.2. Identify the years 1998–2001 and observe the graph trend. 3. Identify the years 2002–2005 and observe the graph trend. 4. Interpret and explain the graph trend from step 2 and step 3. 5. Discuss whether you believe earnings management occurred during the two periods observed.In step 2, the graph shows that accounts receivable remained stable from 1998 to 2001, with a slight increase in 2001. In contrast, in step 3, accounts receivable decreased continuously from 2002 to 2005. This decrease implies that companies may have engaged in aggressive collection procedures to meet earnings expectations.In conclusion, the graph suggests that companies used aggressive accounting techniques during 2002-2005 to meet earnings expectations. Therefore, it can be concluded that earnings management occurred during this period.
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Ponderosa Development Corporation (PDC) is a small real estate developer that builds only one style cottage. The selling price of the cottage is $115,000. The cost per cottage includes land for $55,000 and lumber, supplies, and other materials run another for $28,000. Total labor costs are approximately $20,000 per cottage. The one salesperson of PDC is paid a commission of $2,000 on the sale of each cottage. Ponderosa leases office space for $2,000 per month. The cost of supplies, utilities, and leased equipment runs another $3,000 per month. PDC has seven permanent office employees whose monthly salaries are $35,000. a- Calculate the breakeven quantity for the company b- Develop a one-way data table to examine the effect of the change in the land price from 50000 to 60000 with increments of 1000 on the breakeven point c- Develop a two-way table to examine the change in the monthly salaries and selling price on the breakeven quantity. Use values from 100,000 to 120,000 with increments of 2,000 for the selling price and values from 30,000 to 40,000 with increments of 2000 for the monthly salaries.
Breakeven point is a point in the production or sales of an item where the total cost and total revenue for that item are equal. Any product's breakeven point is calculated by multiplying its price by the quantity it would take to recover the cost of producing it. A table of data is used to show the relationship between two or more variables and to investigate how they affect a model's outcome. It can be either one-way or two-way in nature.
Calculation of Break-even pointBreakeven quantity formula is given as follows:Break-even quantity = fixed cost / (unit price - unit variable cost)Fixed costs per monthOffice Space lease = $2,000Salaries of seven permanent office employees = $35,000Total fixed costs = $2,000 + $35,000 = $37,000 per monthVariable costs per unitCost of land per cottage = $55,000Cost of lumber, supplies and other materials per cottage = $28,000Total variable costs per unit = $55,000 + $28,000 = $83,000Sales commission per unit = $2,000Labour cost per unit = $20,000Total variable cost per unit = $83,000 + $2,000 + $20,000 = $105,000Breakeven quantity = Fixed costs / (Unit price - Unit variable cost)= $37,000 / ($115,000 - $105,000) = 370One-way Data TableBreakeven point can also be calculated for a wide range of land costs from $50,000 to $60,000 with increments of $1,000, using the one-way data table. One-way data table is a data table with a single variable for which the values of inputs can be substituted.
The one-way data table can be created as follows:Break-even point for land price of $50,000 = Fixed cost / (Unit price - Unit variable cost)= $37,000 / ($115,000 - $83,000) = 493.33Break-even point for land price of $51,000 = $36,000 / ($115,000 - $84,000) = 448.98
The impact of changes in land price on the break-even quantity can be seen by creating a one-way data table.Two-way Data TableTwo-way data tables are used to analyze the relationship between two variables and how they affect the outcome of a model. It is a table of data that compares the different possible values for two variables. The following table shows how the change in monthly salaries and selling price affects the break-even quantity.Selling price range is $100,000 to $120,000 with increments of $2,000, while monthly salaries range from $30,000 to $40,000 with increments of $2,000.370 is the break-even quantity for the company, according to the information given.The following two-way data table can be developed to investigate the relationship between monthly salaries and selling price on the break-even quantity.
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Frank is lending $1,000 to Sarah for two years. Frank and Sarah agree that Frank should earn a real return of 4 percent per year. Instructions: Enter your responses as whole numbers.
a. The CPI (times 100) is 100 at the time that Frank makes the loan. It is expected to be 112 in one year and 125.4 in two years. What nominal rate of interest should Frank charge Sarah?
The nominal rate of interest charged should be
b. Suppose Frank and Sarah are unsure about what the CPI will be in two years. How should Frank index Sarah's annual repayments ]%. to ensure that he gets an annual 4 percent rate of return?
c. Frank should charge Sarah [ ] % [more than] the inflation rate
Frank should charge Sarah a nominal interest rate that offsets the inflation rate and gives him a real return of 4%. Frank can achieve this by indexing Sarah's repayments to the CPI.
Given the expected CPI values, the nominal interest rate should be approximately 10% in the first year and about 12% in the second year. The formula for this is (CPI year 2/CPI year 1 - 1) + Real Rate. Frank should charge an interest rate higher than the inflation rate by 4% annually. To secure his real return despite uncertainty, he can index Sarah's annual repayments to the CPI. This means if the CPI increases, so will her repayments, maintaining his real rate of return.
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The subject name is domestic transportation and international shipping.
Transportation has sometimes been described as the glues that holds global supply chains together. What is the meaning of this statement and do you agree? Why or why not?
The statement that transportation is the glue that holds global supply chains together conveys the critical role that transportation plays in connecting various stages and participants within supply chains, both domestically and internationally.
I agree with this statement because transportation acts as a vital link that enables the movement of goods, materials, and information across different locations, facilitating the smooth functioning and integration of global supply chains.
Here are a few reasons why transportation is considered the glue of supply chains:
Physical Flow of Goods: Transportation ensures the physical movement of goods from suppliers to manufacturers, manufacturers to distributors, and distributors to end customers. It enables the timely delivery of products, raw materials, and components, allowing each stage of the supply chain to operate smoothly and meet customer demands.
Timely and Efficient Delivery: Effective transportation systems enable the timely and efficient delivery of goods, reducing lead times and ensuring that products reach their destinations when needed. This is particularly crucial for industries with perishable goods or time-sensitive products, such as fresh produce, pharmaceuticals, or fashion items.
Global Reach and Accessibility: Transportation networks, including air, sea, rail, and road, provide the infrastructure for connecting different regions and countries. They enable the expansion of supply chains across borders, allowing businesses to source materials from global suppliers, access new markets, and distribute products worldwide.
Cost Optimization: Efficient transportation strategies and logistics networks help optimize costs within supply chains. By selecting the most suitable modes of transportation, consolidating shipments, optimizing routes, and utilizing intermodal transport, companies can reduce transportation costs and improve overall supply chain economics.
Information Flow and Coordination: Transportation facilitates the flow of information across the supply chain. Through tracking systems, real-time updates, and communication channels, transportation allows stakeholders to monitor the movement of goods, coordinate activities, and respond to any disruptions or changes in demand.
Flexibility and Resilience: Effective transportation systems provide supply chains with the flexibility and resilience to adapt to dynamic market conditions, unexpected disruptions, or changes in customer preferences. They enable quick adjustments to transportation routes, modes, and distribution networks, ensuring continuity in the face of challenges.
In conclusion, transportation plays a crucial role in the functioning of global supply chains by connecting various stages, facilitating the physical flow of goods, ensuring timely delivery, enabling global reach, optimizing costs, supporting information flow, and enhancing resilience. Its ability to integrate different participants and stages within supply chains makes transportation the "glue" that holds them together.
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HBM, Inc has the following capital structure:
Assets
$
350,000
Debt
$
122,500
Preferred stock
17,500
Common stock
210,000
The common stock is currently selling for $17 a share, pays a cash dividend of $0.55 per share, and is growing annually at 8 percent. The preferred stock pays a $7 cash dividend and currently sells for $89 a share. The debt pays interest of 7.5 percent annually, and the firm is in the 30 percent marginal tax bracket.
a. b. What is the after-tax cost of debt? Round your answer to two decimal places.
%
c. What is the cost of preferred stock? Round your answer to two decimal places.
%
d. What is the cost of common stock? Assume that the current $0.55 dividend grows by 8 percent during the year. Round your answer to two decimal places.
%
e. What is the firm’s weighted-average cost of capital? Round your answer to two decimal places.
%
HBM, Inc's after-tax cost of debt is 5.25%, the cost of preferred stock is 7.91%, and the cost of common stock is 11.24%. The firm's weighted-average cost of capital (WACC) is approximately 11.58%.
To calculate the various components of the cost of capital for HBM, Inc
a. After-tax cost of debt:
Debt interest rate = 7.5%
Tax rate = 30%
After-tax cost of debt = Debt interest rate * (1 - Tax rate)
After-tax cost of debt = 7.5% * (1 - 0.30)
After-tax cost of debt = 5.25%
b. Cost of preferred stock:
Preferred stock dividend = $7
Preferred stock price = $89
Cost of preferred stock = Preferred stock dividend / Preferred stock price
Cost of preferred stock = $7 / $89
Cost of preferred stock ≈ 0.0791 or 7.91%
c. Cost of common stock:
Dividend per share = $0.55
Dividend growth rate = 8%
Common stock price = $17
Cost of common stock = (Dividend per share / Common stock price) + Dividend growth rate
Cost of common stock = ($0.55 / $17) + 8%
Cost of common stock ≈ 0.0324 or 3.24% + 8%
Cost of common stock ≈ 11.24%
d. Weighted-average cost of capital (WACC):
Weight of debt = Debt / Assets
Weight of preferred stock = Preferred stock / Assets
Weight of common stock = Common stock / Assets
WACC = (Weight of debt * After-tax cost of debt) + (Weight of preferred stock * Cost of preferred stock) + (Weight of common stock * Cost of common stock)
WACC = (122,500 / 350,000 * 5.25%) + (17,500 / 350,000 * 7.91%) + (210,000 / 350,000 * 11.24%)
After performing the calculations, the WACC for HBM, Inc is approximately:
WACC ≈ 4.71% + 0.0344% + 6.7783%
WACC ≈ 11.58%
Therefore, the firm's weighted-average cost of capital (WACC) is approximately 11.58%.
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Which general ledger account is debited for the sale of inventory on credit? 1. Inventory Asset 2. Checking 3. Accounts Receivable 4. Job Materials
The general ledger account that is debited for the sale of inventory on credit is "Accounts Receivable."
Accounts Receivable is the general ledger account that is debited for the sale of inventory on credit. Accounts receivable is the money that a business is due to receive from its customers because they had purchased goods or services from the company, but the payment has not yet been received by the company. The money owed by the customer to the company is recorded in the accounts receivable ledger, which is then added to the company's balance sheet.
Inventory Asset is an account that records the cost of inventory held by a company that is ready for sale. Checking is a general ledger account used for recording checks received and cash withdrawn. Job Materials is a general ledger account that records the cost of raw materials purchased for a specific job. These accounts are not debited for the sale of inventory on credit, making them incorrect answers.
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Friends Partnership has three partners. The balance of each partner' capital is: Alia $48,000; Mariam $50,000 and Fatima $52,000. Alia withdraws from the Partnership. The remaining partners, Mariam and Fatima, agreed to pay cash of $54,000 for Alia from partnership. The partners share income and loss equally.
The distribution to Alia may be taxable to her, depending on the partnership's tax year and the nature of the distribution.
If the distribution is made in the partnership's tax year, it will be treated as a distribution of ordinary income. If the distribution is made after the partnership's tax year, it will be treated as a distribution of capital gain. Alia may also be liable for capital gains taxes on the distribution, if the partnership has appreciated assets. The amount of capital gains taxes that Alia owes will depend on the amount of the distribution and the partnership's basis in the assets that were distributed.
Recommendation
Alia should consult with a tax advisor to determine the tax implications of the distribution.
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You are a group of managers in charge of food services for a large state university in Perak. Recently, a survey of students, faculty and staff was conducted to evaluate customer satisfaction with the food services provided by the university’s eight cafeterias. The result were disappointing, to put it mildly. Complaints ranged from dissatisfaction with the type and range of meals provided, operating hours and food temperature to frustration about unresponsiveness to current concerns about healthful diets and the need of international students. You have decided to form a team that will further evaluate reactions to the food services and will develop a proposal for changes to be made to increase customer satisfaction.
a. Explain the type of team that must be established to develop a proposal for changes. [2 marks]
b. Elaborate four (4) factors that must be considered in order to make your team effective.
[8 marks]
a. The type of team that must be established to develop a proposal for changes are Cross-functional teams.Cross-functional teams can be formed with members from different departments and can be effectively used to enhance creativity and coordination within an organization. They provide individuals from different disciplines with diverse backgrounds, knowledge, and skills to work together on an issue or opportunity to develop a better solution that reflects the perspectives of different departments, they also have the potential to improve the level of employee satisfaction because it provides employees with an opportunity to interact with each other.
b. Elaborate four (4) factors that must be considered in order to make your team effective:1. Roles of Team MembersEach member of the team must understand their roles and responsibilities. This will help team members avoid confusion and enhance clarity and accountability. It is essential to establish a plan and assign roles to team members to guarantee efficient completion of the project.2. CommunicationThe success of a team depends on how effectively it can communicate. Effective communication is critical, and every team member must be able to voice their opinions, share their ideas, and listen to others. Clear communication will assist to avoid misunderstandings, enhance collaboration, and promote teamwork.
3. LeadershipThe leader of the team has a significant role in ensuring that everyone is on the same page and the project is on track. The leader should motivate the team and delegate tasks, in addition to identifying strengths and weaknesses. This will help the team operate efficiently and ensure that the project meets the specified objectives.4. Conflict ResolutionConflict is normal in any team, but how it is handled is what determines its success. If a conflict arises, team members should address it immediately, respectfully, and professionally. To minimize the potential for conflict, it is important to establish ground rules and encourage open dialogue.
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You are a Sales Manager of a very big firm that sells complex products that are unrelated with
a very wide product mix. Your Director has asked you to propose a structure that will enable you
cover all accounts, leaving your customers satisfied. Name and discuss this structure, indicating
three (3) advantages and three (3) disadvantages of using such a structure.
One possible structure that can enable comprehensive account coverage in a firm with a wide product mix is the Key Account Management (KAM) structure. In this structure, sales teams are organized based on key accounts, with each team responsible for managing and serving a specific set of important customers. Here are three advantages and three disadvantages of using a Key Account Management structure:
Advantages:
Enhanced Customer Focus: By dedicating specific sales teams to key accounts, the KAM structure allows for deeper understanding of customer needs, preferences, and challenges. This enables personalized and tailored solutions, leading to increased customer satisfaction and loyalty.Strategic Relationship Building: With dedicated account managers, the KAM structure promotes long-term relationship building with key accounts. This allows for better collaboration, trust, and partnership, resulting in stronger business relationships and potential for joint growth initiatives.Increased Sales Efficiency: By focusing on key accounts, sales efforts can be directed towards higher-value opportunities. Sales teams can better prioritize their activities, allocate resources effectively, and achieve higher sales efficiency, ultimately driving revenue growth.Disadvantages:
Resource Intensiveness: Implementing a KAM structure requires significant investment in terms of human resources, training, and support systems. It may not be feasible for smaller firms or those with limited resources.Potential Neglect of Smaller Accounts: With a strong focus on key accounts, there is a risk of neglecting smaller or less strategic accounts. These accounts may not receive the same level of attention or resources, which could lead to dissatisfaction or missed opportunities.Dependency on Key Account Managers: Key Account Managers play a crucial role in building and maintaining relationships with key accounts. If a key account manager leaves the organization or is unable to perform, there may be a disruption in the account management process, potentially impacting customer satisfaction and revenue.Overall, while the Key Account Management structure offers advantages in terms of customer focus, relationship building, and sales efficiency, it requires careful consideration of resource allocation and potential trade-offs with smaller accounts.
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Ms. Lily is the managing director of HappyGifts, a company that sell flowers, gifts and other related goods to offices and homes. Since the onset of the health pandemic in 2019, HappyGift has sold its products online in addition to the selling through its normal physical stores. Since 2020 until now, HappyGifts online sales constitutes an average of 65 % of the total sales. Thus, Ms. Lily is considering changing HappyGifts business direction to become a fully online business. Ms. Lily no longer directly manage the operations or the delivery service. She is interested in developing a performance measurement system that can help her to evaluate the relative performance of each product line and to provide signals of likely future performance issues. It is important that she knows any problems, especially those relating to customers and costs overruns as soon as they happen. She would like to know this information for each of her three major product line: flower arrangement, corporate gifts and flower wreaths. Ms. Lily knows that this line of business, customer loyalty can be short live, and profits are not stable.
You are appointed as consultant to HappyGifts.
Required:
(ii) Provide suggestions and justifications on four key non-financial measures required in the new performance measurement system. Please ensure the suggested measures are suitable with the nature of her business.
When developing a performance measurement system for HappyGifts, it's important to include key non-financial measures that provide insights into the company's operations, customer satisfaction, and potential performance issues. Here are two suggested non-financial measures that are suitable for Happy Gifts' online business:
Customer Satisfaction Score (CSAT): CSAT measures the level of satisfaction among customers with their overall shopping experience. By regularly collecting feedback through surveys or customer reviews, Happy Gifts can gauge how well their products and services are meeting customer expectations. This measure is particularly important for an online business as it helps identify any potential issues with product quality, delivery, or customer support.
Order Fulfillment Time: This measure tracks the time it takes for Happy Gifts to process and fulfill customer orders from the moment they are placed to the moment they are delivered. With online sales constituting a significant portion of the business, efficient order fulfillment is crucial for maintaining customer satisfaction and loyalty. By monitoring order fulfillment time, Ms. Lily can identify bottlenecks or delays in the process and take necessary actions to improve operational efficiency.
These non-financial measures provide Ms. Lily with valuable insights into the performance of each product line and help her identify potential issues related to customer satisfaction, operational efficiency, website performance, and product quality.
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ASSIGNMENT # 3 1. An economy is in equilibrium. Find Marginal Propensity to Consume from the following: National Income = 2000 Autonomous Consumption = 400 Investment Expenditure = 200 (2) 2. Suppose that consumption equals C = 100+ 0.75 Y, and investment equals I = 50 and Y=C+I. Find (i) The equilibrium level of income (ii) The level of consumption at equilibrium, and (iii) The level of saving at equilibrium. (3) 3. If marginal propensity to consume is 0.9, what is the value of multiplier? How much investment is needed if national income increases by Rs 5,000 crore? (2) 4. Giving reasons state whether the following statements are true or false (i) If the ratio of Marginal Propensity to Consume and Marginal Propensity to Save is 4:1, the value of investment multiplier will be 4. (ii) Sum of Average Propensity to Consume and Marginal Propensity to Consume is always equal to 1. (3)
(1)To determine the Marginal Propensity to Consume, use the following formula:MPC = ΔC/ΔYWhere Δ represents "change in. "C = Autonomous Consumption + (MPC × Y)C = 400 + (MPC × 2000)C = 400 + 2000MPC = 0.8Therefore, the Marginal Propensity to Consume is 0.8(2)
Given the following information :C = 100 + 0.75YI = 50Y = C + I Note: Y is equal to C + I Substitute (1) into (2)Y = 100 + 0.75Y + 50Simplify0.25Y = 150Y = 600Substitute (3) into (1)C = 100 + 0.75YC = 100 + 0.75(600)C = 100 + 450C = 550
Consumption at equilibrium is 550Saving at equilibrium is equal to investment S = I = 50(3)The formula for the multiplier is 1/MPS, where MPS is the Marginal Propensity to Save.
Marginal Propensity to Consume (MPC) = 0.9MPS = 1 – MPCMPS = 1 – 0.9MPS = 0.1Multiplier = 1/MPSMultiplier = 1/0.1Multiplier = 10If national income rises by Rs 5,000 crore, the amount of investment required is calculated as follows: Multiplier = ΔY/ΔI10 = 5,000/ΔIΔI = 500 crore(4)
(i) False(ii) True Explanation(i)The investment multiplier value cannot be determined by the ratio of Marginal Propensity to Consume and Marginal Propensity to Save.
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Organizations which ensure that the employees' workstations are in good condition is concern with which of the following? Compliance and governance issues Trust and honesty Health and safety Employees' behavior Ms. Noura always treat all the family members equally. She is practicing which of the following decision-making approach? . 1 Teleological Approach Utilitarianism Approach Justice Approach Moral-Right Approach
Organizations that ensure employees' workstations are in good condition are concerned with health and safety.
When an organization prioritizes the condition of employees' workstations, it demonstrates a commitment to health and safety in the workplace. This concern encompasses various factors such as ergonomic design, proper equipment maintenance, and a safe working environment. Health and safety initiatives in organizations aim to prevent work-related injuries, promote employee well-being, and comply with legal and regulatory requirements. By ensuring that workstations are in good condition, organizations address potential hazards, minimize risks, and create a conducive environment for employees to perform their duties effectively and safely.
This includes providing ergonomically designed furniture and equipment, ensuring proper lighting and ventilation, maintaining cleanliness, and addressing any potential hazards or risks that may arise. By prioritizing health and safety, organizations not only protect their employees but also enhance productivity, reduce absenteeism, and foster a positive work culture. It's worth noting that while compliance and governance issues are important considerations for organizations, they may encompass a broader range of topics such as legal and ethical standards, financial regulations, and corporate governance practices. However, in the context of ensuring employees' workstations are in good condition, the primary concern is health and safety.
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A late penalty of 6% will apply to new answers. Intro Roller Inc.has just paid an annual dividend of $0.81.Analysts expect dividends to grow by 8% per year for the next 7 years,and then by 4% per year thereafter.The company has a required return of 12%. What is the value of the stock now?
The value of the stock now, rounded to the nearest cent, is approximately $5.55.
To calculate the value of the stock, we can use the Dividend Discount Model (DDM) by discounting the expected future dividends back to their present value.
Given:
Annual dividend (D0) = $0.81
Dividend growth rate for the next 7 years (g1) = 8%
Dividend growth rate thereafter (g2) = 4%
Required return (r) = 12%
First, let's calculate the dividends for the next 7 years using the growth rate of 8%:
D1 = $0.81 * (1 + 8%) = $0.81 * 1.08 = $0.8748
D2 = $0.8748 * (1 + 8%) = $0.8748 * 1.08 = $0.946944
D3 = $0.946944 * (1 + 8%) = $0.946944 * 1.08 = $1.02235552
D4 = $1.02235552 * (1 + 8%) = $1.02235552 * 1.08 = $1.1018391296
D5 = $1.1018391296 * (1 + 8%) = $1.1018391296 * 1.08 = $1.1857597804
D6 = $1.1857597804 * (1 + 8%) = $1.1857597804 * 1.08 = $1.2744893772
D7 = $1.2744893772 * (1 + 8%) = $1.2744893772 * 1.08 = $1.3688816106
Next, let's calculate the dividend for the period thereafter using the growth rate of 4%:
D8 = $1.3688816106 * (1 + 4%) = $1.3688816106 * 1.04 = $1.4237540159
Now, we can calculate the value of the stock by discounting the future dividends back to their present value. Using the DDM formula:
P0 = D1/(1+r) + D2/(1+r)^2 + D3/(1+r)^3 + ... + D7/(1+r)^7 + D8/(1+r)^8
P0 = $0.8748/(1+12%) + $0.946944/(1+12%)^2 + $1.02235552/(1+12%)^3 + ... + $1.3688816106/(1+12%)^7 + $1.4237540159/(1+12%)^8
P0 ≈ $5.5533558827
Therefore, the value of the stock now, rounded to the nearest cent, is approximately $5.55.
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what is the difference between comparative negligence and contributory negligence
The main difference between comparative negligence and contributory negligence lies in how they determine liability in cases where both the plaintiff and defendant share some degree of fault.
Comparative negligence is a legal doctrine that allows for the allocation of fault and damages based on the proportion of negligence attributable to each party involved in a lawsuit. In states that follow comparative negligence, the plaintiff's recovery of damages is reduced by their percentage of fault. For example, if the plaintiff is found to be 20% at fault, their recoverable damages would be reduced by 20%.
On the other hand, contributory negligence is a legal doctrine that completely bars the plaintiff from recovering any damages if they are found to have contributed to the incident in any way. Under contributory negligence, even if the plaintiff is only 1% at fault and the defendant is 99% at fault, the plaintiff would be barred from receiving any compensation.
It's important to note that the approach to negligence varies among jurisdictions, and different states and countries may apply different standards. Some jurisdictions follow pure comparative negligence, where the plaintiff can still recover damages even if they are mostly at fault.
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a major purpose of the economic provisions in the constitution was to
The Constitution of India includes a number of economic provisions. Its major objective is to construct an economy that is socialist, democratic, and free from exploitation and also to secure the wellbeing of people, particularly the poor and disadvantaged sections.
It includes the following economic provisions:
a) Right to Property: It is not just a fundamental right, but also a constitutional right. It was abolished in the year 1978. The right to property was removed as a fundamental right, and it became a legal right. The Constitution now defines the right to property as a legal right, which is not a fundamental right. This is one of the economic provisions that is mentioned in the Constitution.
b) Directive Principles of State Policy: These principles aim to provide social and economic justice to the people of India. The Directive Principles of State Policy can be divided into three categories.
These include:
Social welfare programmes Economic welfare programmes Administration welfare programmesc) Fundamental Duties: These duties are stated in Article 51A of the Indian Constitution. It includes the duty to promote harmony and the spirit of common brotherhood among all the people of India, to protect the natural environment, to develop scientific temper, and to safeguard public property. These duties are vital to securing the well-being of the people, particularly the poor and disadvantaged sections.
A major purpose of the economic provisions in the constitution was to provide social and economic justice to the people of India, particularly the poor and disadvantaged sections. The economic provisions aimed to eliminate poverty, unemployment, and inequality. It also aimed to promote a socialist, democratic, and free economy, where all the citizens can enjoy a better quality of life.
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Coplete question is:
"a major purpose of the economic provisions in the constitution was to ."
a risk assessment is performed during which phase of the secsdlc?
The SECSDLC stands for Security System Development Life Cycle. A risk assessment is performed during the planning phase of the SECSDLC.
The SECSDLC includes six phases; Planning Requirements and Analysis Design and Development Testing Implementation Operations and Maintenance Risk assessment is a process of identifying and evaluating potential threats or risks that could negatively affect an organization's assets.
It is important to conduct risk assessments for organizations to understand the potential risks that exist, identify areas where security measures are required, and establish a mitigation plan to minimize the impact of any potential threats. Risk assessments can be performed using quantitative or qualitative approaches.
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If the slope of the budget line is -44 and the price of x2 is 54, then what is the price of of x₁? (hint: remember that prices cannot be negative, so input your answer as a positive number).
Based on the budget constraint represented by the given budget line slope. The price of x₁, given a slope of -44 and a price of x₂ equal to 54, is approximately 1.23.
The price of x₁, denoted as P₁, can be calculated using the information provided. Since the slope of the budget line is given as -44, it represents the negative ratio of the prices of x₂ and x₁. Therefore, we can write the equation as follows:
-44 = -P₂/P₁
Given that the price of x₂, P₂, is 54, we can substitute it into the equation:
-44 = -54/P₁
To isolate P₁, we can multiply both sides of the equation by -1 and divide by 44:
P₁ = 54/44
P₁ ≈ 1.23
Hence, the price of x₁ is approximately 1.23 (rounded to two decimal places).
The slope of the budget line represents the negative ratio of the prices of two goods, in this case, x₂ and x₁. The negative sign indicates that as the quantity of x₂ increases, the quantity of x₁ must decrease to maintain the same budget constraint. The magnitude of the slope determines the rate at which the two goods trade-off.
Using the given information, we set up the equation -44 = -P₂/P₁. Plugging in the known value of P₂ as 54, we get -44 = -54/P₁. To solve for P₁, we can multiply both sides by -1 to eliminate the negative signs, resulting in 44 = 54/P₁. Finally, by dividing both sides by 44, we find P₁ ≈ 1.23.
The price of x₁, given a slope of -44 and a price of x₂ equal to 54, is approximately 1.23. This means that for every unit of x₂ consumed, the consumer can afford approximately 1.23 units of x₁, based on the budget constraint represented by the given budget line slope.
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Skor Co. leased equipment to Douglas Corp. on January 2, 2021 for an 8-year period expiring December 31, 2028. Equal payments under the lease are $600,000 and are due on January 2 of each year. The first payment was made on January 2, 2021. The cost of the equipment is $2,800,000. The lease is appropriately accounted for as a sales-type lease. The present value of the lease payments is $3,300,000. What amount of net profit on the sale should Skor report for the year ended December 31, 2021?
a.
$720,000
b.
$500,000
c.
$90,000
d.
$600,000
e.
$2,800,000
The answer to the question is as follows: To determine the amount of net profit on the sale that Skor Co. should report for the year ended December 31, 2021, Option (c) $90,000 is the correct answer.
We can calculate the amount of the sales revenue and the cost of goods sold. Sales revenue can be calculated by adding up all the lease payments received during the year, and the cost of goods sold can be calculated by multiplying the percentage of completion by the total cost of the equipment.
Sales revenue: The annual lease payment is $600,000, so the total lease payments received during the year would be $600,000. Therefore, sales revenue is $600,000.
Cost of goods sold: The percentage of completion can be calculated as follows: Percentage of completion = (Total lease payments received to date) / (Total present value of the lease payments)Percentage of completion = ($600,000) / ($3,300,000)Percentage of completion = 0.1818
Therefore, the cost of goods sold can be calculated as follows:Cost of goods sold = (Percentage of completion) × (Total cost of equipment)Cost of goods sold = (0.1818) × ($2,800,000)Cost of goods sold = $509,040
The amount of net profit on the sale should be calculated as follows:Net profit on the sale = Sales revenue - Cost of goods soldNet profit on the sale = $600,000 - $509,040Net profit on the sale = $90,960.
Therefore, the amount of net profit on the sale that Skor Co. should report for the year ended December 31, 2021, is $90,960.
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What is an appropriate role for city government in creating affordable housing in cities like Boston, where the high cost of living has priced out those who would like to live near their place of work?
In Boston, one of the main issues that people face is the high cost of living, especially in regards to housing. This issue has caused many people to move away from the city because they cannot afford to live near their place of work.
The city government can play a critical role in creating affordable housing for those who are priced out of the market.
One of the roles that the city government can play in creating affordable housing is by providing financial incentives to developers who build affordable housing. For example, the government can provide tax breaks or grants to developers who build affordable housing units. This will encourage developers to build more affordable housing units in the city.
The city government can also work with landlords and property owners to create more affordable rental units. The government can provide incentives to landlords who offer affordable rents, and they can also offer rental assistance programs to help low-income families afford housing.
the city government can play an important role in creating affordable housing in cities like Boston. By providing financial incentives to developers, creating zoning regulations that require affordable housing units, partnering with nonprofit organizations, and working with landlords and property owners, the city government can help ensure that everyone has access to affordable housing.
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The Crazy Hair Salon provides special-occasion haircuts and generates average revenue of $60 per customer. The salon’s fixed costs are $45,000 per year, which include rent, utilities and magazine subscriptions. Its variable costs are $21.00 per customer. Target operating profit for the year is $100,000.
Do not enter dollar signs or commas in the input boxes.
a) Calculate the revenues needed to obtain the target operating profit.
Round the Contribution Margin ratio to 2 decimal places. Round all other answers to the nearest whole number.
CM ratio: Answer%
Required CM: $Answer
Revenue: $Answer
b) How many haircuts have to be provided to earn an operating profit of $63,000? To break-even?
Round up to the nearest whole unit.
BEP: Answer
Haircuts to yield $63,000: Answer
c) Calculate the operating profit if 3,000 haircuts are provided.
Round to the nearest whole number.
Operating Profit: $Answer
A) cm ratio: 65% required cm: $153,846 revenue: $198,846
b) bep: 1,667 haircuts haircuts to yield $63,000: 2,250 haircutsc) operating profit: $36,000.
a) to calculate the revenues needed to obtain the target operating profit:1. calculate the contribution margin (cm) ratio:cm ratio = (average revenue per customer - variable cost per customer) / average revenue per customer * 100
= ($60 - $21) / $60 * 100 = 65%2. calculate the required contribution margin (required cm):
required cm = target operating profit / cm ratio = $100,000 / 65% = $153,846.15
3. calculate the revenue:revenue = required cm + fixed costs = $153,846.15 + $45,000 = $198,846.15
b) to calculate the number of haircuts required to earn an operating profit of $63,000 and to break-even:
1. haircuts to yield $63,000:haircuts to yield $63,000 = ($63,000 + fixed costs) / contribution margin per unit = ($63,000 + $45,000) / ($60 - $21) = 2,250 haircuts
2. break-even point (bep):bep = fixed costs / contribution margin per unit = $45,000 / ($60 - $21)
= 1,667 haircuts
c) to calculate the operating profit if 3,000 haircuts are provided:operating profit = (revenue - variable costs) - fixed costs = (3,000 * $60 - 3,000 * $21) - $45,000
= $81,000 - $45,000 = $36,000
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formal performance evaluation is done primarily for which
workers?
Formal performance evaluation is done primarily for salaried workers. Salaried workers are those employees who receive a fixed salary for their work performed.
They are considered full-time employees and typically have regular schedules and benefits such as healthcare and paid time off.
Formal performance evaluations are used to assess an employee's performance and provide feedback on their strengths and weaknesses. This information is used to determine promotions, raises, or disciplinary action if necessary.
The formal performance evaluation process is typically conducted annually or semi-annually. The process involves a review of the employee's job responsibilities and an assessment of their performance based on specific criteria such as productivity, quality of work, teamwork, and communication skills.
The evaluation may also include feedback from managers, colleagues, and customers.
The purpose of the formal performance evaluation process is to provide employees with feedback on their performance and help them to identify areas for improvement. It also provides an opportunity for managers to recognize the achievements of their employees and to align their goals with those of the organization.
The formal performance evaluation process helps to establish clear expectations for employees and provides a basis for ongoing coaching and development.
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A. Describe why evidence-based practice is important to you.
B. Discuss your view on how evidence-based practice will impact your future role as an emerging leader in health care.
C. Reflect on a previous experience that you have had (e.g., education, coursework, and/or work experience) critically examine your actions/experiences and identify your strengths and learning goals surrounding the use of evidence.
Evidence-based practice (EBP) is critical to me because it enables me to deliver the best possible care to my clients and keep up with the constantly changing healthcare environment. It makes me feel more confident in my decision-making abilities and ensures that I am providing care that is based on the best available evidence.
A. Evidence-based practice (EBP) is critical to me because it enables me to deliver the best possible care to my clients and keep up with the constantly changing healthcare environment. It makes me feel more confident in my decision-making abilities and ensures that I am providing care that is based on the best available evidence. This helps me to provide more efficient care and also improves the outcomes of the patients in my care. I am committed to EBP because it is the most effective way to ensure that my practice is informed by the latest research and best practices.
B. Evidence-based practice will play a significant role in my future career as a health care leader. It is essential that I have a strong foundation in EBP to provide my team with the best possible support. EBP can improve quality of care, patient outcomes, and organizational efficiency, and as a leader, I need to be able to implement it effectively. As I continue to develop my leadership skills, I will prioritize the use of evidence-based practice in all aspects of my work, from clinical decision-making to the development of policies and procedures.
C. During my previous experience as a nursing student, I had the opportunity to participate in a clinical placement in a busy hospital. This placement enabled me to develop a better understanding of the importance of EBP in nursing practice. During my time at the hospital, I was able to identify my strengths and learning goals when it comes to using evidence-based practice. I discovered that I had a good grasp of the basic concepts of EBP but needed to work on my research skills to better evaluate the evidence available. I also found that I needed to be more aware of the factors that can influence the implementation of EBP in real-world settings. Overall, my experience taught me that I need to continue to develop my skills in using evidence-based practice, and I am committed to doing so to ensure that I provide the best possible care to my patients.
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Question 5 3.5 pts In class we learned that transferring contents of source documents correctly is a critical step in ensuring data accuracy. Which of the following is considered a source document? Point of sales terminal Bank deposit sheet Purchase Order All of the options
In conclusion, source documents are critical for ensuring the accuracy of data entry. They serve as the foundation of a company's financial record-keeping process, providing essential information about transactions and helping to prevent errors.
In class, we learned that transferring the contents of source documents correctly is a critical step in ensuring data accuracy. A source document refers to a document that captures the key transaction data required to process a business transaction. A source document provides the information to record a transaction and may be in either paper or electronic form.
There are many types of source documents, including purchase orders, invoices, bank deposit slips, time cards, and others. The following is considered a source document:
All of the options
Point of sales terminal
Bank deposit sheet
Purchase Order
All the above mentioned options are considered source documents because they contain essential information about transactions. A point of sales terminal, for example, produces a receipt that contains information about the date, time, and cost of a purchase. Bank deposit sheets contain information about the amount, date, and account to which a deposit was made. Purchase orders provide information about the items or services being purchased, the quantity, and the price.
In conclusion, source documents are critical for ensuring the accuracy of data entry. They serve as the foundation of a company's financial record-keeping process, providing essential information about transactions and helping to prevent errors. Therefore, it's important to accurately transfer the contents of these documents into the company's financial records, whether they are in electronic or paper format.
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Required information Use the following information for exercises 15 to 18 LO P2 [The following information applies to the questions displayed below.] On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $84,000 in assets in exchange for its common stock to launch the business. On October 31, the company's records show the following items and amounts. Cash Accounts receivable office supplies Land office equipment Accounts payable Common Stock $11,360 14,000 3,250 46,000 Also assume the following: Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense 18,000 8,500 Miscellaneous expenses 84,000 Exercise 1-18 Preparing a statement of cash flows LO P2 $2,000 14,000 a. The owner's initial investment consists of $38,000 cash and $46,000 in land in exchange for its common stock. b. The company's $18,000 equipment purchase is paid in cash. c. The accounts payable balance of $8.500 consists of the $3,250 office supplies purchase and $5,250 in employee salaries yet to 3,550 7,000 760 500 be paid. d. The company's rent, telephone, and miscellaneous expenses are paid in cash. e. No cash has been collected on the $14,000 consulting fees earned. Answer is not complete. ERNST CONSULTING Statement of Cash Flows For Month Ended October 31 Using the above information prepare an October 31 statement of cash flows for Ernst Consulting. (Cash outflows should be indicated by a minus sign.) 18 H Moxt Required Information d. The company's rent, telephone, and miscellaneous expenses are paid in cash. e. No cash has been collected on the $14,000 consulting fees earned. Using the above information prepare an October 31 statement of cash flows for Ernst Consulting. (Cash outflows should be indicated by a minus sign.) Answer is not complete. ERNST CONSULTING Statement of Cash Flows For Month Ended October 31 Cash flows from operating activities Cash received from customers Cash paid to employees Cash paid for rent Cash paid for telephone expenses Cash paid for miscellaneous expenses Cash flows from investing activities Cash paid for office equipment Cash investments from shareholders Cash flows from financing activities Cash investments from shareholders Cash dividends to shareholders Net increase in cash Cash balance, October 1 Cash balance, October 31 C • → O 9 (1,750) (3,550) (760) (580) (18,000) 38,000 (2.000) $ (6,640) $ (18,000) 36,000 11,360 0 11,360 3
ERNST CONSULTING Statement of Cash Flows For Month Ended October 31 Cash flows from operating activities:
Cash received from customers $14,000
Cash paid to employees ($3,550)
Cash paid for rent ($760)
Cash paid for telephone expenses ($580)
Cash paid for miscellaneous expenses ($18,000)
Net cash provided by operating activities ($8,890)
Cash flows from investing activities:
Cash paid for office equipment ($18,000)
Cash flows from financing activities:
Cash investments from shareholders $38,000
Net increase in cash ($8,890)
Cash balance, October 1 $11,360
Cash balance, October 31 $2,470
Note: The statement of cash flows includes the cash flows from operating, investing, and financing activities for the month of October. The cash inflows and outflows are indicated by positive and negative signs, respectively. The ending cash balance on October 31 is $2,470.
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cenario: Handy Headphones
H
andy Headphones is an Irish company that is
manufacturing lightweight, flexible, Bluetoothenabled and waterproof headphones. It is proving
to be very popular among people wanting to listen
to music in the shower or while swimming on holiday or at community leisure centres’ lane swimming
sessions (mainly because of their £159 price tag).
Before the headphones can be delivered to the
warehouse for distribution, they pass through a fivestage production process. The headphones start in
the moulding department and work their way through
the wiring department, IT department, polishing
department and, finally, the packaging department.
As well as these five production departments,
there are two other non-production departments
within this factory. These two service departments
are the canteen and the maintenance department.
All employees who work in this factory have the
benefit of eating at the subsidized canteen. The
maintenance department is responsible for the
general maintenance and repairing of the machinery within the whole factory. Handy currently make
2,500 headphones.
The forecast figures for the Handy Headphones
for 2020 are as follows:
Factory rent
£140,000
Re-decorating of moulding
department
£20,000
Electricity cost
£30,000
Depreciation of machinery
£5,000
Direct materials
£24,000
Direct labour – skilled workers £20,000
Direct labour – unskilled workers £26,000
Direct expenses
£10,000
Training for IT department staff £6,500
Packaging department floor
resurfacing
£3,000
New machinery for maintenance
department
£23,500
Canteen redesign
£55,000
The departmental specifications are provided below:
EMPLOYABILITY SKILLS
Area (m²)
1,000 800 550 650 700 60 70 3,830
Machine value (£) 20,000 4,000 55,000 38,000 23,000 — 20,000 160,000
Number of staff 10 40 12 6 12 20 — 100
Practical task
Use a spreadsheet to complete the following task:
1 You are a newly appointed cost accountant for
Handy Headphones and you are curious to know
what the total cost per headphone is working
out at. You need to analyse the overhead
costs, how they are allocated, apportioned and
reapportioned as there may be some changes
made by the management accountant based
on your findings. The management accountant
would also like to know how all these costs
would be shown on the standard cost card.
Research and presentation
Using PowerPoint, present the outcome an
The total overhead cost per unit is £101.40 for Headphones is an Irish company that is manufacturing lightweight, flexible headphones.
Calculation of total cost per headphone Overhead costs for Handy Headphones can be analysed using a spreadsheet. The overhead costs include electricity costs, direct materials, direct labor, direct expenses, factory rent, depreciation of machinery, maintenance department, and canteen redesign costs.
To find the total cost per headphone, the total overhead cost must be divided by the number of headphones produced. The total overhead costs for Handy Headphones is as follows:
Electricity cost: £30,000Direct materials: £24,000Direct labor: £46,000 (skilled workers: £20,000 and unskilled workers: £26,000)Direct expenses: £10,000Factory rent: £140,000Depreciation of machinery: £5,000Maintenance department: £23,500Canteen redesign: £55,000The total overhead cost is £333,500.The total number of headphones produced is 2,500. Therefore, the total cost per headphone is £133.4.
Molding Department: £21,378.66Wiring Department: £17,103.74IT Department: £29,644.63. Polishing Department: £23,874.79Packaging Department: £25,498.58Maintenance Department: £7,303.16Canteen: £12,697.16The overhead costs are then apportioned to each product based on the number of units produced. The overhead cost per unit for each department is as follows:
Molding Department: £8.55 per unit Wiring Department: £6.84 per unit IT Department: £11.86 per unit Polishing Department: £9.55 per unit Packaging Department: £10.20 per unit Maintenance Department: £2.92 per unit Canteen: £5.08 per unitTherefore, the total overhead cost per unit is £101.40.
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