Process Costing Homework due October 30

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First, please note that the percentage given for beginning inventory is what is already completed, so you always have to use the complement; for example, if beginning inventory is 40% completed, then in March the other 60% will be completed;

Secondly, the percentage given for ending inventory is used as given since that percent was completed in current month;

Third, the ending inventory one month becomes the beginning inventory next month; for department 2 assume no ending inventory exists for April;

Fourth, what was completed in department 1 are the units transferred into department 2 in a given month.  For example, in March, Department 1 completes 21000 units (6000 in beginning inventory and 15000 that were started and completed).  These units are transferred to Department 2 in March.  Department 2 already has 5000 units in beginning inventory.  March’s ending inventory becomes April’s beginning inventory for Department 1.  March’s ending inventory becomes April’s beginning inventory for Department 2, and assume no ending inventory for Department 2 for April.

NOTE:  Assume the following for Department 2, April 2011:

During the month, department 2 transferred in 17,000 units from department 1.  All production was completed in April; therefore, there is no ending inventory for April.  Direct labor is $175,000 and factory overhead is $87,500 (same as March 2011).  Round all dollar amounts to the nearest cent.

 

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fin534

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FIN 534 HOMEWORK SET #1

PLEASE READ ALL ATTACHMENTS BEFORE OFFERING HELP !!

JANUARY 2015 NEW TERM INSTRUCTIONS/REQUIREMENTS

 

I have attached the Excel template and the Rubic…

 HOMEWORK SET 1 TEMPLATE

 

Directions:  Answer the following questions on this document.  Explain how you reached the answer

or show your work if a mathematical calculation is needed, or both.  Submit your assignment using the

assignment link in the course shell.  This homework assignment is worth 100 points.

 

Use the following information for Questions 1 through 8:

Assume that you recently graduated and have just reported to work as an investment advisor at one

of the firms on Wall Street.  You have been presented and asked to review the following Income

Statement and Balance Sheets of one of the firm’s clients.  Your boss has developed the following set of

questions you must answer.

YOU MUST ENTER CORRECT INFORMATION IN THE YELLOW-CODED CELLS DO NOT TOUCH THE NON-YELLOW-CODED CELLS

ANSWERS ARE IN THE RED-BORDERED CELLS

 

Table 1 below provides an overview of how points are earned for homework set assignments.  Each set has a possible 100 points.

 

No credit is earned for Homework Assignments that are not submitted.  Similarly, no credit is earned for homework submissions that are copied from instructor, solution, or other similar manuals or documents.

 

All homework submissions that involve “problems” (which is almost all questions) must be submitted in working Excel format.  This means that the Excel spreadsheet must be programmed to arrive at the appropriate solutions.  Simply typing answers and solutions into Excel earns no credit.

 

 Format for Homework Questions & Problems – In preparing and submitting solutions to assigned problems (i.e., questions involving quantitative solutions), it is acceptable and students are encouraged to use the Excel models (e.g., Homework Set Templates) that are provided by the instructor.  Alternatively, students may develop their own Excel solutions in which case the worksheets must include the formulas, Excel functions, or algebraic calculations that are used to solve the problems. 

 

ALL ASSIGNED HOMEWORK PROBLEMS MUST BE SUBMITTED IN WORKING EXCEL FORMAT.  IF PROBLEMS ARE NOT SUBMITTED IN WORKING EXCEL FORMAT, NO CREDIT IS EARNED EVEN IF A CORRECT ANSWER IS SUBMITTED.   

 

ALSO, NO CREDIT IS EARNED FOR HOMEWORK ASSIGNMENT SOLUTIONS THAT ARE COPIED FROM THE TEXTBOOK MANUAL OR OTHER SIMILAR SOURCE; NO CREDIT IS EARNED FOR ANSWERS THAT ARE TYPED INTO EXCEL WITHOUT THE APPROPRIATE PROGRAMMING.

 

Solutions to assigned problems submitted in Word, PowerPoint, Adobe pdf, or formats other than Excel are not acceptable and earn no credit. To receive credit, the submissions must include the inputs and calculations that are required to develop a solution and the Excel spreadsheets for problems must perform the actual calculations that are necessary to derive a correct solution. 

 

 

Table 1: FIN534 – Evaluation of Homework Set Assignments1

 

 

Deduction for Not Submitting a Response for a Problem / Question

Deduction for Incorrect Answer for a Problem / Question

Total Points Earned for Correct Solution

For 9 Question Homework Sets

 

 

11.111

 

 

6.00

 

11.111

 

For 8 Question Homework Sets

 

 

12.50

 

 

7.00

 

 

12.50

1The instructor may make any other adjustments to the evaluations that are reasonable

 

   and appropriate.

 

Directions: Answer the following questions on a separate document. Explain how you reached the answer or show your work if a mathematical calculation is needed, or both. Submit your assignment using the assignment link in the course shell. This homework assignment is worth 100 points.

 

Use the following information for Questions 1 through 8:

Assume that you recently graduated and have just reported to work as an investment advisor at the one of the firms on Wall Street. You have been presented and asked to review the following Income Statement and Balance Sheets of one of the firm’s clients. Your boss has developed the following set of questions you must answer.

 

Income Statements and Balance Sheet

 

 

Balance Sheet

2012

2013

2014

Cash

$9,000 

$7,282 

$14,000

Short-term investments

48,600

20,000

 71,632

Accounts receivable

351,200

632,160

 878,000

Inventories

715,200

1,287,360

 1,716,480

Total current assets

$1,124,000 

$1,946,802 

$2,680,112

Gross fixed assets

491,000

1,202,950

 1,220,000

Less: Accumulated depreciation

146,200

263,160

 383,160

Net fixed assets

$344,800 

$939,790 

$836,840

Total assets

$1,468,800 

$2,886,592 

$3,516,952

 

 

 

 

Liabilities and Equity

 

 

 

Accounts payable

$145,600 

$324,000 

$359,800

Notes payable

200,000

720,000

 300,000

Accruals

136,000

284,960

 380,000

Total current liabilities

$481,600 

$1,328,960 

$1,039,800

Long-term debt

323,432

1,000,000

 500,000

Common stock (100,000 shares)

460,000

460,000

1,680,936

Retained earnings

203,768

97,632

296,216

Total equity

$663,768 

$557,632 

$1,977,152

Total liabilities and equity

$1,468,800 

$2,886,592 

$3,516,952

Income Statements

2012

2013

2014

Sales

$3,432,000 

$5,834,400 

$7,035,600

Cost of goods sold except depr.

2,864,000

4,980,000

5,800,000

Depreciation and amortization

18,900

116,960

 120,000

Other expenses

340,000

720,000

 612,960

Total operating costs

$3,222,900 

$5,816,960 

$6,532,960

EBIT

$209,100 

$17,440 

$502,640

Interest expense

62,500

176,000

 80,000

EBT

$146,600 

($158,560)

$422,640

Taxes (40%)

58,640

-63,424

 169,056

Net income

$87,960 

($95,136)

$253,584

 

 

Other Data

2012

2013

2014

Stock price

$8.50 

$6.00 

$12.17

Shares outstanding

100,000

100,000

250,000

EPS

$0.88 

($0.95)

$1.104

DPS

$0.22 

0.11

0.22

Tax rate

40%

40%

40%

 

Book value per share

$6.64 

$5.58 

$7.909

Lease payments

$40,000 

$40,000 

$40,000

 

 

Ratio Analysis

2012

2013

Industry Average

Current

2.3

1.5

2.7 

Quick

0.8

0.5

1.0 

 

Inventory turnover

4

4

6.1 

Days sales outstanding

37.3

39.6

           32.0 

Fixed assets turnover

10

6.2

             7.0 

Total assets turnover

2.3

2

             2.5 

Debt ratio

35.60%

59.60%

32.0%

Liabilities-to-assets ratio

54.80%

80.70%

50.0%

TIE

3.3

0.1

6.2

EBITDA coverage

2.6

0.8

8.0

Profit margin

2.60%

−1.6%

3.6%

Basic earning power

14.20%

0.60%

17.8%

ROA

6.00%

−3.3%

9.0%

ROE

13.30%

−17.1%

17.9%

Price/Earnings (P/E)

9.7

−6.3

16.2

Price/Cash flow

8

27.5

7.6

Market/Book

1.3

1.1

2.9

 

 

 

1.     What is the free cash flow for 2014? 

 1.     Suppose Congress changed the tax laws so that Berndt’s depreciation expenses doubled. No changes in operations occurred. What would happen to reported profit and to net cash flow?

 

 

2.     Calculate the 2014 current and quick ratios based on the projected balance sheet and income statement data. What can you say about the company’s liquidity position in 2013?

 

3.     Calculate the 2014 inventory turnover, days sales outstanding (DSO), fixed assets turnover, and total assets turnover. 

 

4.     Calculate the 2014 debt ratio, liabilities-to-assets ratio, times-interest-earned, and EBITDA coverage ratios. What can you conclude from these ratios?

 

5.     Calculate the 2014 profit margin, basic earning power (BEP), return on assets (ROA), and return on equity (ROE). What can you say about these ratios?

 

6.     Calculate the 2014 price / earnings ratio, price / cash flow ratio, and market / book ratio.

 

7.     Use the extended DuPont equation to provide a summary and overview of company’s financial condition as projected for 2014. What are the firm’s major strengths and weaknesses? 

 

 

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Start up Managing Sales Force

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Start-Up: Managing Sales Force

 
    • Due Mar 28, 11:59 PM
    • Not Submitted
    • POINTS 15

  • Paper
  • 1
Objectives:

 

 
 
 

You are the Vice President of Sales for a start-up company specializing in enterprise software (ERP) focusing on cloud-based retail and point-of-sale information technology. The company provides elaborate inventory management, point-of-sale, and sales management software that will target small and midsize businesses. You have been asked to create a sales preparation plan, sometimes called a “script,” for the CEO to review. During the pre-approach phase, sales people often prepare a script to outline their sales presentation to guide them during the actual presentation. The script allows a sales person to be better prepared to meet with the prospective customer.

Write a 1,050- to 1,400-word sales preparation plan that includes the following:

  • Description of two service features and the customer benefits of your service that result from those features
  • Description of a visual aid or demonstration you will use during the sales presentation
  • A minimum of three selling activities, explaining how you would do them. These could include things such as approach to the customer, identifying the customer problem, handling objections, negotiation, lead generation, and closing the sale
  • An explanation of your chosen sales force organizational structure
  • An explanation of the compensation plan you will offer
  • An analysis of at least two sales management tools such as quotas, targets, call reports, and sales reports that you will implement to monitor your sales force

Format your paper consistent with APA guidelines.

 

 

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MATH540

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Simon was on his way home after a fun time shopping in the marketplace. Simon wanted to beat his own…

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Simon was on his way home after a fun time shopping in the marketplace. Simon wanted to beat his own record for most bounces on his favourite bouncy ball so he carefully walked as he counted his steps and bounces in turn. Unfortunately, since Simon had concentrated so hard on bouncing the ball, he didn’t pay attention to his surroundings! Bounce! Bounce! Smack! Simon looked down in dismay and realized that his prized bouncy ball had fallen down into an old mini golf hole. Simon remembered that this golf course had been abandoned because the holes were too deep and people couldn’t retrieve their balls. Simon studied the golf hole sadly as he realized how close the bouncy ball was. The ball was barely 5 cm away but he couldn’t fit his hand into the hole to retrieve it. Simon decided to look through the items he purchased earlier to see if there was anything he could use. He found a half-eaten biscuit umbrella, cloud paddle brush, butter knife, twine, and a water pitcher. Simon suddenly had an idea and was able to successfully retrieve his undamaged bouncy ball. How did Simon do it?
 

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Accounting help with checkpoints and final paper

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I need help with a checkpoint for week 7 and  discussion and final paper for week 9 .All required work is highlighted in the attached document.

 

 

 

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Drinking on Campus, 950 – 1100 word count, 4 specific reference requirements

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Call to Action

 

What to do:

The purpose of communication is to change the audience’s thinking, the audience’s behavior, or both. For this Essay, your purpose is to motivate people to take action. Your goal, then, is to change both the audience’s thinking and behavior.

 

 

 Call your fellow members of the UW-Stout community to take action on some issue directly relevant to members of the UW-Stout community.

 

 

Audience:

The audience of your essay depends on which option you choose. Your essay’s audience will be either members of the UW-Stout community.

 

Challenges:

·         Defining the problem and describing in detail how it occurs in the Stout community.

·         Establishing the significance of the problem to your audience

·         Informing your audience about what the problem is

·         Using research to support your claims about what the problem is, how important taking action is, and how the action you propose will help solve or combat the problem

·         Engaging compelling or popular solutions that compete with your own

·         Providing a clear vision of what you think your audience can help achieve by taking action

·           Conducting research, including utilizing databases and the library catalogue and evaluating sources for credibility and relevance

·           Integrating research into your writing

 

Research requirement:

Support your argument with research–at least 1 book source, at least 1 scholarly journal article, at least 1 news item, and at least 1 internet source.

  

Citation Requirement: As always, use MLA in-text citations and include a works cited page that contains MLA works cited entries for all of your sources.

 

Checklist of traits of a well-written academic essay:

__Introduction that establishes topic, purpose, significance, and main idea      

__Clear, articulate thesis that forecasts with precision what you argue in the body of the essay

__Effective topic/transition sentences                 

__Sufficient evidence to support your claims and to illustrate the claims of counterarguments

__Clear and thorough interpretation of the evidence

__Paragraphs with clear focus (they develop their main idea and don’t wander into other discussions)

__Fulfillment of length requirement and research requirement

__Effective and correct introduction of quoted material

__Signal phrases establishing author and title 

__Conclusion that echoes your main idea and somehow makes it memorable

__MLA in-text citations used each time you use something specific from a source

__Works cited page with properly formatted works cited entries

__Correct MLA formatting

 

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Needing editing in my English essays and revising.

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Write an essay that takes a stand on a specific human rights issue that affects women somewhere in the world and support your position through the use of credible evidence (such as quotes, statistics, examples, and /or anecdotes). Your goal is to argue why a certain problem is a problem and propose possible solutions for that problem using credible outside resources as support. Make sure that you adequately narrow your topic.

 

Your paper should be approximately 4-5 pages, typed, double-spaced, in 12-point font, minimum of three credible sources, and in MLA format.

 

*** I already wrote, but what I need is to edit the essay and fix the mistakes and the sources.

 

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