...required for this month. I have also included the sales figure that must be met to break-even. Although, the sales budget of $500,000 was indeed met, the total operating income of $36,400 was not. A loss of $8,600 was incurred. This was due to the change of products that were sold during the month. Sinks have the highest contribution margin (at 70%), but because the sales of sinks sold was $80,000 less than projected, this caused the overall contribution margin to shrink. It was projected that sinks would be 48% of sales, but ended up only being 32%. The actual sales of mirrors doubled, from the projected $100,000 to $200,000, but their variable expenses are also the highest (at 80%) while carrying the lowest contribution margin of only 20%. Vanities sold in the period totaled $140,000 instead of the projected $160,000, which equated to a %5 change in the percentage of sales totals. The break-even point (in sales dollars) is $520,000. This amount is the amount that needs to be sold in order to cover the fixed costs at a contribution margin percent of 43%. Because it was forecasted that that contribution margin percent would be 52%, the break-even point was thought to be a much lower dollar amount ($430,000). This occurred due to the actual amount of products sold. Therefore, because of the mix of sales that transpired this month, the overall contribution margin percent was 43% instead of the projected 52%, which caused the overall contribution margin dollar amount to...
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...projected and actual income statement 4 Consequences 4 Recommendations 5 Appendix 1 6 Executive summary It has come to my attention that a mistake was made in our projected income statement of this month considering our breakeven point. Therefore I’m made this report to underline the importance of a good projected income statement. I’ve stated the problem analyses and the consequences of this error. Also I’ve placed my recommendations in this report. As you can see in appendix 1, there’s a big difference in our projected income statement and our income statement based on our actual sales. The deviation of our sold products is different than stated in our projected income statement. Instead of the sales deviation of 48% Sinks, 20% Mirrors and 32% Vanities. Our actual sales deviation of this month is 32% Sinks, 40% Mirrors and 28% Vanities. Because there are differences in the contribution margins of the three products, this has lead to a lower total contribution margin than stated in the projected income statement. Nevertheless we’ve reached our sales of $500,000 we didn’t reach our projected operating income of $36,400. Unfortunately we’ve made a operating loss of $8,600. This is due to the fact that our projected income statement was not accurate enough regarding our total contribution margin. Instead of our projected contribution margin of 52% our real total contribution margin is 43%. I recommend that because of this difference, we also have to change our...
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...Table of Contents Executive Summary 2 Introduction 3 Issues 3 Budgeting 3 Analysis 3 Sales 3 Recommendations 4 Market Trends 4 Cutting Cost 4 Appendix 5 Budgeting 5 Actual Sales Numbers 5 Memo 6 Executive Summary Marlin Company has been in operation for only a few months. As a whole sale distributor that sells products at a cheaper price than stores it as an advantage when coming to bottom line pricing. Currently the company only sells three products which are; sinks, mirrors, and vanities. They are trying to forecast their sales and create a budget of what their expected sales will look like in the coming months. Marlin Company has already done their budgeting for the next few months. They had a break-even point of $430,000 and expect sales of $500,000. This in the end showed them a net profit of $36,400. Now that they have the actual sales number, the budget that they had predicted is way off. Although they did hit the expected $500,000 in sales number they, however, did not get close to the numbers of sales of each product. They now have higher variable costs and are suffering a loss of 8,600. One way Marlin Company can a better understanding of to budgeting for the future is to understand market trends. Identifying and understanding trends in the market assists you to forecast future sales and anticipate events and changes that can impact your business. For instance this will allow the company to see why in the following months they sold more...
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...Day|2|3|4|5| 6|7|8|9|10|11|12| 13|14|15|16|17|18|19| 20|21|22|23|24|25|26| 27|28|29|30|31||| February 2013| Sunday|Monday|Tuesday|Wednesday|Thursday|Friday|Saturday| |||||1|2| 3|4|5|6|7|8|9| 10|11|12|13|14|15|16| 17|18|19|20|21|22|23| 24|25|26|27|28||| March 2013| Sunday|Monday|Tuesday|Wednesday|Thursday|Friday|Saturday| |||||1|2| 3|4|5|6|7|8|9| 10|11|12|13|14|15|16| 17|18|19|20|21|22|23| 24|25|26|27|28|29Good Friday|30| 31||||||| April 2013| Sunday|Monday|Tuesday|Wednesday|Thursday|Friday|Saturday| |1|2|3|4|5|6| 7|8|9|10|11|12|13| 14|15|16|17|18|19|20| 21|22|23|24|25|26|27| 28|29|30||||| May 2013| Sunday|Monday|Tuesday|Wednesday|Thursday|Friday|Saturday| |||1|2|3|4| 5|6|7|8|9|10|11| 12Mother’s Day|13|14|15|16|17|18| 19|20|21|22|23|24|25| 26|27|28|29|30|31|| June 2013| Sunday|Monday|Tuesday|Wednesday|Thursday|Friday|Saturday| ||||||1| 2|3|4|5|6|7|8| 9|10|11|12|13|14|15| 16Father’s Day|17|18|19|20|21|22| 23|24|25|26|27|28|29| 30||||||| July 2013| Sunday|Monday|Tuesday|Wednesday|Thursday|Friday|Saturday| |1|2|3|4|5|6| 7|8|9|10|11|12|13| 14|15|16|17|18|19|20| 21|22|23|24|25|26|27| 28|29|30|31|||| August 2013| Sunday|Monday|Tuesday|Wednesday|Thursday|Friday|Saturday| ||||1|2|3| 4|5|6|7|8|9|10| 11|12|13|14|15|16|17| 18|19|20|21|22|23|24| 25|26|27|28|29|30|31| September 2013| Sunday|Monday|Tuesday|Wednesday|Thursday|Friday|Saturday| 1|2|3-Team work plans due|4|5-Quiz 1|6|7| 8|9|10-Quiz...
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...INTRODUCTION TO RTO MANAGEMENT In this growing competitive world it is becoming increasingly & absolutely necessary for any organization to streamline all its activities all the way stressing on quality perfection. Quality can be defined as fitness for use at an economical cost while satisfying customer requirements this can be achieved if the organization has the good quality system in which all the medical activities of the hospital are bought in line with operating procedure and guidance. So the RTO management is planned to automate the current manual system. The main aim of the project is to design innovative software, which deals with the RTO management system. The motto of the project is to simplify the job of the administrative people and to render a user-friendly package. The system provides information regarding the RTO application and its status. The tedious jobs such as verifying all the records of the applicant, confirming all the personal details are furnished, submission of qualification documents, driving license, registration details, etc., are done in the most convenient way to the administrator. Also security is being provided in the most proficient way. All the intermediate stages starting from receiving of the application form to revealing the applicant number along with the expiry date of the license are being dealt. Advantages ⇨ The main purpose of this software is to make RTO automated...
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...Case 18.4 Advanced Automobile Concepts Case Objective This case item requires students to identify the proper associative analysis, run it with SPSS, and interpret the findings with respect to implications for integrated case, Advanced Automobile Concepts SPSS dataset. Answers to Case Questions 1. Use each unique hybrid model demographic profile to determine whether or not statistically significant associations exist, and if they do, recommend the specific media vehicles for radio, newspaper, television, and magazines. This exercise requires students to revisit the demographic groups they found significantly different for each hybrid model style in Case 17.3. With Case 17.3, they have identified groups within the various demographic variables that characterize each hybrid model’s target market. Here, they must determine the media preferences of those groups. So, they must run crosstabs for the demographic variables and the media preferences for each vehicle. If they find a statistically significant association, they then must look at the percentages tables to determine the media vehicles that are preferred by the hybrid model target groups. Since each hybrid model has a different set of target demographic groups, we only report the significant crosstabulations. Also, the SPSS output is too large to include here, so we have created column percentage tables and used bold font to identify the preferences of each group. For radio, the significant (95% level of confidence)...
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...The probability distribution of the population data is called the population distribution. Tables 7.1 and 7.2 on page 309 of the text provide an example of such a distribution. The probability distribution of a sample statistic is called its sampling distribution. Tables 7.3 to 7.5 on page 311 of the text provide an example of the sampling distribution of the sample mean. 1. Sampling error is the difference between the value of the sample statistic and the value of the corresponding population parameter, assuming that the sample is random and no nonsampling error has been made. Example 7–1 on page 312 of the text exhibits sampling error. Sampling errors occur only in sample surveys. 2. Nonsampling errors are errors that may occur during collection, recording, and tabulation of data. The second part of Example 7–1 on pages 312 and 313 of the text exhibits nonsampling error. Nonsampling errors occur both in sample surveys and censuses. 3. a. [pic] b. [pic][pic] Sampling error = [pic] c. Liza’s incorrect [pic][pic] [pic] Sampling error (from part b) = –1.83 Nonsampling error [pic] d. | Sample | [pic] |[pic] | |15, 13, 8, 17 |13.25 |.92 | |15, 13, 8, 9 |11.25 |–1.08 | |15, 13, 17, 9 |13.50 |1.17 | |15, 8, 17, 9 |12...
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...Check Figures for Problems and Cases Ray Garrison, Eric Noreen, and Peter Brewer Managerial Accounting, 14th Edition |Chapter 1 | | |No check figures | | | | | |Chapter 2 | | |Problem 2-14 |(2) Net operating income: $19,000 | |Problem 2-17 |(3) Total cost: 283,500 pesos | |Problem 2-18 |(2) Shipping expense: Y = £20,000 + £8.00X | |Problem 2-19 |(1) Y = $800 + $40X | |Problem 2-21 |(4) Total cost $182,100 | |Problem 2-22 |Cost of shipping finished goods: variable...
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...specialization. To relate marketing concepts to real life business situations using numerous cases and various Internet activities. To develop students’ ability to understand marketing challenges, issues, and alternatives, and the ability to make recommendations. To inculcate an appreciation for the marketing activities typically performed by marketing professionals. Required Text Lamb, Charles W., Joseph F. Hair and Carl McDaniel (2013), Marketing, Twelfth Edition, South-Western Cengage Learning, Mason, Ohio. Course Grade Determination The course grade will be determined by weighting the components as shown below. Relative grading will be used to assign letter grades after all scores have been compiled. Test 1, 2, and 3 – 20% each Group Presentation – 15% Multicultural Retailing Field Project – 15% Individual Participation – 10% Tests 2 and 3 are non-comprehensive. Each student is responsible for bringing a SCANTRON 882 and a No. 2 pencil for the tests. To enhance learning and understanding of the concepts and practice of marketing, students are encouraged to use the Internet as an on-line resource for information on cases and companies, as well as engage in various Internet activities tied to the numerous companies mentioned throughout the textbook. Finally, students should make every effort to read the assigned chapters and prepare the cases prior...
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...CIMA Dates & Prices 2015 CIMA is changing. So are we, with your success in mind. From 2015 CIMA will be changing the structure of the syllabus and how the papers are examined. We have liaised with CIMA over the past 18 months to enhance our educational experience in line with those changes so you will not only be able to study more effectively, but are also in the best position to pass your exams. New for 2015 – BPP Momentum Our programmes see the launch of BPP Momentum – an exciting approach to learning that recognises that everyone, and the way they learn, is different. BPP Momentum puts you at the centre, giving you more flexibility, more personalisation, more support, more value and more confidence. At the heart of BPP Momentum is competency-based learning; it means you will learn by doing. By progressively gaining knowledge, practicing what you have learned and testing as you go, you will build your competence gradually and be in the best position to pass your exams. The more you attempt, the more you will be able to identify your weaker areas and with the range of support offered by BPP Momentum you will understand how to improve. Together we will ensure you succeed. Regardless of how you choose to study and whatever level you are at, BPP Momentum enhances every element of your learning experience, and our range of structured study schedules offers you the flexibility to control your own progression. Our new programmes have been designed with your success in mind,...
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...South 700 East, Suite 100 Draper, Utah 84020 For the Defendant: Sade A. Turner STRONG & HANNI 102 South 200 East, Suite 800 Salt Lake City, Utah 84111 Also Present: (Via Telephone) Dorothy Clay Sims Oregon Hunter Page 4 *** INDEX EXAMINATION By Mr. Christensen By Ms. Turner By Mr. Christensen PAGE 3 132 157 EXHIBITS No. 1 No. 2 3-19-14 Ltr, Turner to Richards 11-14-13 Deposition Transcript Excerpt 86 86 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Page 3 Uh-huh. MS. TURNER: Mr. Christensen, these are the medical records because we didn't print them all out. MR. CHRISTENSEN: I figured. And you had sent me those, but I appreciate you bringing them. We might open them up and refer to them, actually. Q. Did you happen to have in your file your billing for your services at all? A. No. Q. And why is that? A. My wife takes care of that so I don't keep a record with me of billing. Q. How does she typically do that? MS. TURNER: Objection. Foundation. Answer it if you know. A. I give her the hours that I spent working on the case and then she sends an invoice. Q. And where is the documentation for your hours? Is it on your handwritten notes? A. So up at...
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...Qikun Wu, Liuxing Shen Introduction We demonstrate the position of the Gaussian points in 2D and 3D case, and finished task 2. 1. two dimension case in two dimension case, we will talk about square and triangle. 1.1 tensor products of the one dimensional formula intuitively, if we directly use tensor product of one-dimensional case, we can have a ‘Gaussian Quadrature’ scheme in two dimension, which is illustrated as follows: 1 1 1 1 1 f ( , )d d 1 1 1 1 f ( , )d d n 1 n H i f (i , ) d H i f (i , )d 1 1 i 1 i 1 n n n n H i H j f (i , j ) H i H j f (i , j ) i 1 j 1 i 1 j 1 And this tensor product can extend to arbitrary dimension: n 1 1 1 1 n 1 1 f ( x1 , x2 n i1 xm )d x1dx2 dxm xm( im ) ) i1 1 i2 1 im 1 H Hi2 Him f ( x1( i1 ) , x2( i2 ) However, we can see that this quadrature is not based on some ‘orthogonal polynomial in 2D’, which is not an optimal solution, so we can expect that we can choose less point to reach the same accuracy. So we should let the quadrature scheme with the following form: I 1 1 1 1 f ( , )d d Wi f (i ,i ) i 1 n 1.2 non-tensor-product formula As stated before, the non-tensor product form can be made using only 7 points to achieve the same accuracy while the tensor form need 9 points. However, since the orthogonal...
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..................................................................................5 1.2 .......................................................................................................................................................5 1.3 ...........................................................................................................................................................6 1.4 ...............................................................................................................................................6 kpmg ....................................................................................................................................7 2.1 2013kpmg ..................................................................................................................7 2.2 verbal ...............................................................................................8 2.3 Oct.13.2013. KPMG .............................................................................................................................8 2.4 ........................................................................................................................................9 2.5 10.12KPMG ........................................................................................................................................10 2.6 10.15 ............................................................................................................10 2.7 KPMG12 GZ...
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...A Fin ncial nalysis Syllabus C Spring ourse Objectives 1998 Contents This course is designed to provide you with Instructor's Role an opportunity to develop your analytical and decision making skills. The class requires you Case to integrate the various areas of finance into a Procedures decision framework. As such it is expected that you will be a very active partner in the educaCalendar tional process. Lectures as a vehicle will be minimal. Instead student presentations, student Presentation Days discussion sessions, and group work will make up the majority of your experience. Writing Reports The course also requires you to grapple with the difficulty of decision making under conditions of uncertainty. It is expected that you How Am I Graded ? will be faced with ambiguous situations which will require you to make numerous judgements. Enrichment Assignments These situations will require a combination of financial theory and practice. It is unlikely that these assignments will result in clear and unambiguous solutions. You will be required to draw on your previous experiences from a variety of areas in order to successfully complete the class requirements. A particularly important goal in this class is to obtain an understanding and appreciation of the valuation process in markets, under conditions of risk or uncertainty. The essence of finance, in the final sense, is an understanding of how various decisions influence firm value. Course Prerequisite For most of you this...
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...Table of Content Acknowledgement: 3 Executive summary: 4 Methodology 7 Sampling Design 8 Limitation of the report 9 Analysis of finding 10 Terminology 10 Findings 11 SQ 7 Caste Ethnicity * Q5 Support Fairly 3 SQ 8 Occupation * Q5 Support Fairly 6 SQ 8 Occupation * Q8 Post Earth quake 8 SQ 5 Age * Q8 Post Earth quake 10 SQ 5 Age * Q5 Support Fairly 11 SQ 6 Gender * Q1 Problem Addressed 13 Conclusion: 16 Annex 17 SQ 8 Occupation * Q1 Problem Addressed 17 SQ5Age * Q2Satisfied 18 SQ6Gender * Q2Satisfied 19 SQ7CasteEthnicity * Q2Satisfied 20 SQ8Occupation * Q2Satisfied 21 SQ5Age * Q3InfoReliefAndSupport 23 SQ6Gender * Q3InfoReliefAndSupport 24 SQ7CasteEthnicity * Q3InfoReliefAndSupport 25 SQ8Occupation * Q3InfoReliefAndSupport 26 SQ5Age * Q4NGoWork 28 SQ6Gender * Q4NGoWork 29 SQ7CasteEthnicity * Q4NGoWork 30 SQ8Occupation * Q4NGoWork 32 SQ6Gender * Q5SupportFairly 33 SQ 5 Age * Q6 Prepared For Winter 34 SQ 6 Gender * Q6 Prepared For Winter 35 SQ 7 Caste Ethnicity * Q6 Prepared For Winter 37 SQ 8 Occupation * Q6 Prepared For Winter 38 SQ 5 Age * Q7 Problem rel Children 39 SQ 6 Gender * Q7 Problem rel Children 41 SQ 7 Caste Ethnicity * Q7 Problem rel Children 42 SQ 8 Occupation * Q7 Problem rel Children 43 SQ 7 Caste Ethnicity * Q8 Post Earth quake 44 SQ 5 Age * Q9 Increase Voilence 45 SQ 6 Gender * Q9 Increase Voilence 46 SQ 7 Caste Ethnicity * Q9 Increase Violence 47 SQ 8 Occupation * Q9 Increase...
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