...Week 5 Assignment Brief Exercise 5-1 A) Sales = $181,500 (71,900+109,600) B) Cost of Goods Sold= 41,200 (71,200-30,000) C) Gross profit = 38,000 (108,000-70,000) D) Operating expenses = 17,900 (30,000-12,100) E) Operating expenses = 8,500 (38,000-29,500) F) Net income = 63,400 (109,600-46,200) Brief Exercise 5-2 Pocras Company Inventory 900 Accounts Payable 900 Wedell Company Accounts Receivable 900 Sales 900 Cost of Goods Sold 590 Inventory 590 Brief Exercise 6-5 Cost of goods sold under: | LIFO | | FIFO | | | | | Purchases | $6 X 100 | | $6 X 100 | | $7 X 200 | | $7 X 200 | | $8 X 140 | | $8 X 140 | Cost of goods available for sale | $ 3,120 | | $ 3,120 | Less: Ending inventory | $ 1,160 | | $ 1,400 | Cost of goods sold | $ 1,960 | | $ 1,720 | Since the cost of goods sold is $240 less under FIFO that is the amount of the phantom profit. It is referred to as “phantom profit” because FIFO matches current selling prices with old inventory costs. To replace the units sold the company will have to pay the current price of $8 per unit, rather than the $6 per unit which some of the units were priced at under FIFO. Profit under LIFO is more accurate of what the company can expect to earn in future periods. Brief Exercise 6-7 Inventory...
Words: 397 - Pages: 2
...Unit 4 Assignment Please answer the following questions. Submit as a Microsoft Word® document to the Dropbox when completed. 1. How does the demand curve faced by a perfectly competitive firm differ from the market demand curve in a perfectly competitive market? Explain. The demand curve is horizontal for a perfectly competitive firm and is driven by its price. When the price goes up, demand goes down. The market demand curve is the total quantity that individuals are willing to buy at any price, this is downward sloping which reflects the law of demand. 2. A perfectly competitive firm has the following fixed and variable costs in the short run. The market price for the firm’s product is $140. Output FC VC TC TR Profit/Loss 0 $90 $ 0 $90 $0 -$90 1 90 90 $180 $140 -$40 2 90 170 $260 $280 $20 3 90 290 $380 $420 $40 4 90 430 $520 $560 $40 5 90 590 $680 $700 $20 6 90 770 $860 $840 -$20 a. Complete the table. b. What level of output should the firm produce to maximize profits? Output at levels 3 and 4 will maximize profits. 3. How does the demand curve faced by a monopoly differ from the demand curve faced by a perfectly competitive firm? Explain. In a perfectly competitive firm the demand curve is perfectly elastic this makes it horizontal whereas a monopoly has a relatively inelastic demand curve which is downward sloping. ...
Words: 351 - Pages: 2
...E15-4 Analyze costs of manufacturing and determine missing amounts. (LO 2, 6), AN Manufacturing cost data for Orlando Company, which uses a job order cost system, are presented below. Case A Case B Case C Direct materials used $ (a) $ 83,000 $ 63,150 Direct labor 50,000 140,000 (h) Manufacturing overhead applied 42,500 (d) (i) Total manufacturing costs 145,650 (e) 213,000 Work in process 1/1/14 (b) 15,500 18,000 Total cost of work in process 201,500 (f) (j) Work in process 12/31/14 (c) 11,800 (k) Cost of goods manufactured 192,300 (g) 222,000 Instructions (a) Indicate the missing amount for each letter. Assume that in all cases manufacturing overhead is applied on the basis of direct labor cost and the rate is the same. A) 53,150 B) 55,850 C) 9,200 H) 106,518 I) 43,332 J) 231,000 K) 9,000 P15-4A Compute predetermined overhead rates, apply overhead, and calculate under- or overapplied overhead. (LO 4, 6), AP Agassi Company uses a job order cost system in each of its three manufacturing departments. Manufacturing overhead is applied to jobs on the basis of direct labor cost in Department D, direct labor hours in Department E, and machine hours in Department K. In establishing the predetermined overhead rates for 2014, the following estimates were made for the year. Department D E K Manufacturing overhead $1,200,000 $1,500,000 $900,000 Direct labor costs $1,500,000 $1,250,000 $450,000 Direct labor hours 100...
Words: 1268 - Pages: 6
...Assignment#4 ACC 621 | DATE: March 24, 2015 | DUE NEXT CLASS | INSTRUCTOR Richard Deklerk | J. E. Boritz and L. A. Robinson Centre for Accounting Ethics School of Accountancy University of Waterloo Waterloo ON N2L 3G1 October 2004 Atlas Cold Storage Inc. It had been a stressful summer for the executives and board of Atlas Cold Storage; in fact it had not been a summer at all. But Joseph Wiley as Chair of the Audit Committee and representative on the board of Atlas’s largest unit holder, TD Capital, felt the pressure most acutely. Although it was August 29th and summer was over, a new phase of the Atlas saga was about to start now that the press announcement was being proofed for the final time. When investors returned from their Labour Day weekend they would know what he had been living with for months -- that Atlas’s financial results would need to be significantly restated. It had all started with the anonymous letter sent to the Ontario Securities Commission (OSC) on April 28, 2003. Had the letter not gone to the OSC perhaps the situation could have been dealt with internally without a need to announce to the public that the financial statements were wrong, very wrong. But with the letter they were forced to tell the auditors, Ernst and Young (E&Y) who insisted on coming in to review the books, again -- no doubt afraid that they might get sued for issuing a clean audit opinion on financial statements that were materially incorrect. To make matters...
Words: 3608 - Pages: 15
...[pic] MODULE: PEOPLE, MANAGEMENT AND ORGANISATIONS MODULE CODE: BUSS 1141 (Queens) Module Handbook 2015/2016 PLEASE RETAIN THIS HANDBOOK FOR FUTURE REFERENCE. IT MAY BE REQUIRED FOR SUBMISSION TO PROFESSIONAL BODIES WHEN APPLYING FOR EXEMPTION FROM EXAMINATIONS. PEOPLE, MANAGEMENT & ORGANISATIONS BUSS 1141 Queens 2015/2016 CONTENTS TEACHING STAFF 3 STUDENT CENTRED LEARNING 4 TEXTBOOKS 5 GUIDANCE ON USING WEB MATERIAL 5 SCHEDULE 6 FORMATIVE ASSESSMENT 9 SUMMATIVE ASSESSMENT 9 ASSESSMENT CRITERIA 9 This handbook is intended for the guidance of students taking this module in 2015/2016. Whilst the details contained in this handbook represent teaching staff intentions at the time of writing, it is in the nature of Higher Education that some module information may be subject to modifications during the teaching of a module. Teaching staff reserve the right to make such minor changes in the matters covered by this publication and will endeavour to publicise any such changes as widely and in as timely a manner as possible. PEOPLE, MANAGEMENT & ORGANISATIONS 2015/2016 TEACHING STAFF MODULE LEADER: Professor Susan Miller (SM) s.j.miller@durham.ac.uk tel: 0191 334 0223 TEACHING TEAM: Dr. Carole Elliott (CE) c.j.elliott@durham.ac.uk tel: 0191 334 5553 Mr. Peter...
Words: 1984 - Pages: 8
...The Research Questions This empirical deductive research by Ho et al (2011) tried to develop a concrete generalization of the term "job passion" especially in the work context. Job passion was differentiated from other job attitudes such as; motivation, job satisfaction, job involvement and identification, workaholism and organizational commitment. They wish to also corroborate with other research on its different types - "harmonious and obsessive passion" and to further examine the effect of these types of job passion on work performance. By examining this effect, the authors want to justify that it is enhanced through the interaction of some mental elements called "cognitive engagement (comprising attention and absorption)" (p. 32). Their model therefore, is to create a cause and effect relationship between job passion and employee's work performance. However, finding a relationship would have been appropriate than a cause and effect. Theoretical Framework The research built on various recent researches, middle range theories and assumptions to provide answers to their questions. The concept of "entrepreneurial passion" was used to develop their concept of job passion (p. 28). They conceptualized job passion as "an attitude that comprises of both cognitive and affective elements which embody the strong inclination that one has towards one's job" (p. 28). Job passion is what you wake up joyfully to do, get excited about, enthusiastic and energized for and feel refreshed and...
Words: 1940 - Pages: 8
...MIS-590 IT PROJECT MANAGEMENT NAME: RONITH REDDY GOTTAM INSTRUCTOR: JAMIE RAMOS STEVENS HENAGER COLLEGE Scope of the Project: Presently now-days greater part of the applications is created for versatile, Utilization of cell telephones has expanded in the previous year. Today, out of the 6 billion cell telephones on the planet, near 1 billion is being utilized as a part of India. This comes to around 70% of our present populace. Consistently sees an increment of around 6 million supporters. That, truth be told, is a great deal of numbers. With the increment in the number and make of cell telephones, there comes an interest for better applications. Presently, this puts a light on why organizations like Nokia, BlackBerry, Samsung, HTC, Motorola, Google and numerous others are running wild with their developments – increment in the need and utilization of Mobile Applications. Android is an open-source Linux-based working framework outlined principally for advanced cells and tablets. It is kept up as an open source venture by Google. This open source code and authorizing permits the engineers and gadget makers to change the product as indicated by their needs. Android stage has achieved bleeding edge advancements in application improvement. Attributable to the fame of Android, Mobile Apps improvement commercial enterprises are considering Android Application Development as one of the best profitable business opportunities. The need to contract learned portable application...
Words: 1961 - Pages: 8
...Learning Skills Unit Academic Preparation Program Harvard Referencing Workbook Author - Date Revised 22/5/12 by KMcK, JD, ERP, BRK & RJL saved as G:\Departments\LSU\Projects and Operations\LSU Workshops\T2 2012\Referencing T1 2012\LSU Harvard Referencing Master T2 12 v1.1 DISCLAIMER This resource has been developed by the LSU, CQU-SIC. It is not a substitute for the official CQU guide and should be used in conjunction with the official CQU guide and specific instructions in course profiles. The CQU official guide to referencing is available online at: http://www.cqu.edu.au/referencing . LEARNING SKILLS UNIT TEACHING MATERIALS: HARVARD REFERENCING Academic writing must use referencing. Harvard Referencing involves: 1. In-text Referencing, which provides information about the source material of direct quotations and paraphrases within the body of your assignment; and 2. Reference list of sources. This is an alphabetical list of all the books, articles and electronic sources that you have referred to within the body of your assignment. The Reference list is the final page of your assignment. Quotations and the Reference list are not included in your word count. Paraphrases can make up approximately 30-40% of your whole text. The rest of your text (60-70%) should be your own arguments or ‘point of view’ stated in your own words. You should develop this point of view by continuing study in lectures and tutorials, as well as wide reading of relevant source material...
Words: 5893 - Pages: 24
...Frederiksborgvej 399, DK-4000, Roskilde, Denmark Phone : +45 46 30 18 07 Fax : +45 46 30 12 12 HSH@DMU.DK Abstract. The growth of cities represents huge problems for modern societies. Monitoring, analysing and modelling the urban dynamic call for detailed mapping of urban land-use. Traditionally, urban land-use mapping is based on orthophotos and satellite images, but deriving land-use from remote-sensing alone is not satisfactory. The Danish Building & Dwelling Register is a database containing detailed information like year of construction, use, area etc. Therefore, this database provides a useful foundation for urban land-use mapping. To be able to track urban land-use changes over time, we have chosen square cells (100m x 100m) as basic mapping units. Generally, land cover and land-use mapping are based on crisp classification, but in the current project we have applied a fuzzy modeling approach to land-use mapping. Fuzzy classification offers a better choice in urban land-use mapping, because it can indicate the primary, secondary etc. land-use simultaneously. This will offer more meaningful information for planners and a more detailed understanding of the land-use patterns. Based on these principles, a nation wide urban land-use database for the year 1997 is established. 1 Introduction Metropolitan areas all over the world are growing at unprecedented rates. Many of the farmlands, wetlands and forests have been transformed during the pat 100 years into human settlements, and...
Words: 4617 - Pages: 19
...the myUnisa module site FAC3703 as well as to your group site. Note: This is an online module, and therefore your module is available on myUnisa. CONTENTS Page 1 INTRODUCTION ..........................................................................................................................4 2 FORMAT OF FAC3703 ................................................................................................................4 2.1 Fully online ...................................................................................................................................4 2.2 Printed materials...........................................................................................................................5 3 PURPOSE OF AND OUTCOMES FOR FAC3703........................................................................5 3.1 Purpose ........................................................................................................................................5 3.2 Outcomes .....................................................................................................................................6 4 LECTURERS AND CONTACT DETAILS .....................................................................................7 4.1 Lecturers.......................................................................................................................................7 4.2 Department ...............
Words: 12588 - Pages: 51
...NEW PRODUCT DEVELOPMENT PROPOSAL An assignment in Marketing Management Submitted to Prof. Semila Fernandes BY Avik Chattopadhyay 13020841 Jerin George 13020841078 Neha Venkateshan 13020841 Priyanka Manchanda 13020841097 Srushti Shah 13020841107 Suraj Garg 13020841116 SECTION B BATCH OF 2013-2015 TABLE OF CONTENTS 1. Introduction to the product and company mechanism (stage gate) 2. Identification of opportunity 3.1.1. Theory 3.1.2. Opportunity recognition 3.1.3. Opportunity Development 3.1.4. Opportunity Evaluation 3. Categorizing the new product 4.1.5. Disruptive innovation and Blue ocean 4. Idea Generation 5.1.6. Technique 5.1.7. Exercise 5.1.8. Methods 5. Idea screening 6. Concept Development 7. Concept Testing 8. Market Development Strategy 9. Business Analysis 10.1.9. Projected cash flows 10. Product Development 11. Market testing 12. Commercialization 13. Justification 14.1.10. Technical Justification 14.1.11.1. Feasibility 14. Marketing Strategy 15.1.11. Sprinter Model 15.1.12.2. Marathon Model 15.1.12.3. 4 Ps 15. Conclusion 16. Appendix 17.1.12. NPD and PLC 17.1.13. Roger’s Innovation Diffusion Model INTRODUCTION: The group came out with innovative ideas...
Words: 2753 - Pages: 12
...Week 3 1. Discuss how the Internet and culture interact, which most affects the other and how? Give some examples Culture is the knowledge which acquired by people and use to interpret their experiences and generate certain agreed social behaviour. Certain values, attitudes and behaviours are generated from the knowledge. People under the same culture have the tendency to share values, assumptions and understandings which are obtained from the previous generations. One of the most important advantages of internet to the world is that the implementation of internet reduces the time for people to acquire information they need, previously, the learning of different culture only can be done via limited forms such as living in a foreign country, reading books and so on, they are both effective ways to learn different cultures but they are also not available for most of people, the implementation of internet provides an time saving method for spreading and learning different culture without going to the foreign country physically, most of the people can obtain and learn different culture even without leaving their home. The internet becomes an important force to push globalization and cultural harmonization; it provides the speed and convenience for people who are willing to learn and experiment foreign cultures which never exist before, and for instance, people can watch major events like Olympic game online and also learn knowledge about the host country. 2. Discuss the...
Words: 4102 - Pages: 17
...2015 Stephen Richard Ashmore Premier Foods 22/10/2015 Unit 5013V1 - Leadership practice Table of Contents Introduction 2 Scenario 2 Task 1 3 Task 2 7 Task 3 9 Task 4 11 Referencing 14 Bibliography 15 Introduction This unit is about being able to define and show an appreciation for key leadership principles in setting and communicating organisational direction, and the application of leadership styles in the achievement of organisational objectives. It is also about being able to differentiate between the leadership and management aspects of a job role and show an understanding of how these are integrated to enable effective performance Scenario Learners may use their own employment context, or that of another organisation with which they are very familiar, to base their assignment. However, in the case that they are not able to do so, please use the below scenario:- You are a manager, leading a department in a medium sized company. You have responsibility for setting direction, motivating and inspiring the team and individuals, and for co-ordinating workload and outputs. For this assignment I will predominantly be using examples and methods from my organisation unless otherwise asked by the assignment brief. Task 1 The Function of a Management Role The function of a management role is to complete set tasks and goals so as to make the best use of all use all the resources available in the most efficient way. The general five functions of...
Words: 4065 - Pages: 17
...Week 3 1. Discuss how the Internet and culture interact, which most affects the other and how? Give some examples Culture is the knowledge which acquired by people and use to interpret their experiences and generate certain agreed social behaviour. Certain values, attitudes and behaviours are generated from the knowledge. People under the same culture have the tendency to share values, assumptions and understandings which are obtained from the previous generations. One of the most important advantages of internet to the world is that the implementation of internet reduces the time for people to acquire information they need, previously, the learning of different culture only can be done via limited forms such as living in a foreign country, reading books and so on, they are both effective ways to learn different cultures but they are also not available for most of people, the implementation of internet provides an time saving method for spreading and learning different culture without going to the foreign country physically, most of the people can obtain and learn different culture even without leaving their home. The internet becomes an important force to push globalization and cultural harmonization; it provides the speed and convenience for people who are willing to learn and experiment foreign cultures which never exist before, and for instance, people can watch major events like Olympic game online and also learn knowledge about the host country. 2. Discuss the...
Words: 4099 - Pages: 17
...& ACCOUNTING FICB 213 CORPORATE FINANCE GROUP PROJECT ‘Emperical Analysis of Capital Structure and Cost Of capital between Public Listed Companies in Bursa Malaysia and Their Effect to Market Valuation and Firm’s performance’ SEM I 2012/2013 PREPARED BY : (SECTION 3BM) CHRISCILLA MOJINOL BF088334 NUR SYAZWANIE BT RAMLI BF088446 NANTINI D/O SUNDARAM AC088601 PREPARED FOR: MISS NOR RAZUANA BT AMRAM DATE OF SUBMISSION: JULY 16TH 2012 TABLE OF CONTENT EXECUTIVE SUMMARY This assignment focus is to compare and contrast the capital structure and cost of capital of two public listed companies within the same industry in BMSB. The aim of the assignment is to show whether higher gearing level and higher cost of capital will affect the firm’s value and performance. The two companies we have chosen are Dutch Lady Berhad (DUTCH LADY) and Guinness Anchor Berhad (GAB), In this assignment we have analyse five years performance (2007-2011) of both company. We analysed the composition of the capital structure in detail to estimate their cost of capital, and how their gearing level and cost of capital affect the firm’s value and profitability. We did ratio analysis (debt to asset and debt to equity) to find out the companies capital structure and calculated WACC value to determine the companies cost of capital. We calculated market value ratio (comprises of price to earning ratio, dividend yield, market to book ratio and Tobin’s...
Words: 7985 - Pages: 32
