...Chelsea Ginsberg 02/22/13 ACCT2301 South Dakota Microbrewery Case 1. Prepare a complete product cost estimate for Buffalo Ale, Bismark Bock an Four Heads Stout (see Exhibit 4) using: a. The plant-wide allocation based on direct-labor hours b. An activity-based cost system Activity rates: Cost estimate based on activity rates: 2. For each costing method, what is the gross margin per batch for each beer label, in dollars? What is the gross margin percentage? What is the total gross margin for each beer label? Plant-wide allocation method: ABC method: 3. What are the advantages and disadvantages for both allocation systems in #1? For the plant-wide allocation based on direct labor hours, the advantages include that it’s an easy method that doesn’t require much to calculate. You get the total cost simply from adding the direct material cost, direct labor cost, and manufacturing cost and divide by the number of materials (in this case, bottles). It’s easier to use for small companies, because, as a disadvantage, it can be an inaccurate method of allocation. In this particular case, each beer has different resources and processes and the estimated price probably doesn’t reflect the actual value. As for the ABC allocation method, it takes into account the different level or resources that the other method doesn’t, making it a more accurate price. It can be used accurately for large companies as opposed to smaller companies; however its disadvantage...
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...III – Solutions 2. Reasons for that high interest rate 2.1. Reason 1 - Sustaining liquidity Since the international financial crisis of 2008, the Vietnamese economy has been not only swept up by the current of global recession but also has struggled with its inherent perennial challenges. Hence, the health of baking system has worsened as well. High inventory levels are attributed to low credit growth and an increase in banks’ bad debts. Many commercial banks have reduced their interest rates after the State Bank of Vietnam (SBV) decided to cut lending rates in more than three years to help local businesses iron out snags in their current economic difficulties. By far, 15 of Vietnam’s 39 commercial banks have reduced their annual short-term loan interest rates to 7.5%, while 14 others have cut their rates for non-term loans to less than 2% per year. However, only those banks with ample liquidity are able to lend to good customers with low rates, but still had idle funds, and watched their loan growth quota remain under-utilized. In contrast, this is not the situation for banks being weak in liquidity, especially some small banks like BacA Bank, whose charter capital is about VND 3,000 billion. Moreover, due to its small scale, it lacks high prestige among households and enterprises to have more depositors than the larger, which forces them to pay high mobilizing interest rate to attract more capital to maintain its deposit base. In order to retain depositors, larger...
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...McBride Financial Marketing Plan University of Phoenix McBride Financial Marketing Plan McBride Financial Services is a mortgage lender that specializes in conventional, FHA, and VA loans for home purchasing and refinancing. The company is presently headquartered in Boise, Idaho and is looking to expand its operations into Wyoming, Montana, North Dakota and South Dakota. McBride Financial Services current mission is to be the preeminent provider of low cost mortgage services using state of the art technology in the five state areas of Idaho, Montana, Wyoming, North Dakota, and South Dakota. With the implementation of a successful marketing plan, these future goals of McBride Financial Services to expand and become a preeminent provider of low cost mortgage services should easily become easily attainable. Naturally, the first step in the marking plan would be to research. The primary interest of McBride Financial Services is to establish a new market of people in need of assistance with financial services. In order to achieve this, McBride Financial Services will need to perform research on the areas current market trends and market values. This information will provide a better understanding of what products to market and how to market the products. The company will also need to look at current internal marketing plans in place to determine strengths and weaknesses, so that a better picture is made as to what areas to improve. This research will also help determine...
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...EXAMPLE OF A LETTER OF PROPOSAL ENGL 405: TECHNICAL REPORT WRITING INTERNET COURSE Dakota State University Dr. Mark Haas, AssistantProfessor of English This example is fictional and is for illustration purposes only. LETTERHEAD August 12, 2006 Mr.Kevin J. Hanson, Director Newton Hills State Park Canton, South Dakota 57146 Dear Mr. Hanson: Recently I noticed a letter in the editorial section of the Argus Leader in which the writer expressed concern over the present condition and problems relating to Newton Hills State Park, near Canton. A week later I read your reply to that letter, and I was very pleased to find that plans were being developed to improve park conditions. Having visited the park many times myself, I have become aware of the many design problems the park now holds. Participation in outdoor recreation and related activities is growing tremendously across the country. Park managers and supervisors are finding their parks unable to stand the greatly increased use. Roads developed for a few Sunday visitors are almost totally inadequate for the masses of people who converge on parks on warm, sunny weekends and hills erode after large numbers of people trample the vegetation. Moreover, recent events such as the antique car show and the annual folk festival brought even more people into your park, putting an additional strain on the park's resources. However, these problems can be solved...
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...Mount Rushmore Grab your cameras and get ready to take some pictures of the 5,725-foot statue of the four presidents in the Black Hills of South Dakota. There are many different things to do at Mount Rushmore and there are many campsites to stay at. Mount Rushmore is a beautiful place to visit. On a typical day you might see several different species of wildflowers, deer, chipmunks and turkey vultures. The three things that make the Black Hills an exciting place to visit, includes the background history, activities, and near by sights. In 1923, Doane Robinson was the one who suggested carving some giant statues in the Black Hills of South Dakota. The giant statues were made to attract more people to the Black Hills with Colossal carvings of Western heroes. Robinson was not alone in carving the statues into the Black Hills. “Robinson had help from Senator Peter Norbeck and Congressman William Williamson” (nps.gov 2). “Congress passed legislation authorizing the mountain carving in Harney National Forest Preserve (now Black Hills National Forest)” (nps.gov 2). Robinson then contacted Gutzon Borglum, who agreed to come out to the Black Hills in 1924 to look at the area to see if the Carvings were possible. The plan was to carve the Needles area into tall granite figures, but he later found them to be too thin and weathered to support sculpture on a grand scale. Later Borglum was told about Mount Rushmore and immediately searched the area for a perfect area for the statues. “When...
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...When I was stationed in South Dakota I owned a 1994 Audi A4. I enjoyed the vehicle so much that ever since then I have wanted to own a new Audi A4. The current price of a 2013 Audi A4 is $33,395. In twelve years I assume that in order to keep consumers returning to their product they will continue to keep the price about the same. My goal is to save up enough money in 12 years to pay with cash. Let assume that I have found an investment that that promises an average return of 10% per year. The desired item is a new Audi A4 The cost in 12 years will be about $33,395 The average interest rate of the investment is 10%. The Present Value Formula is P = A(1+r)-n where P is the present value that will amount to A dollars in n years at interest rate r compounded annually. The numbers are plugged into the formula P = A(1+r)-n and the quantity raised to a power and has a negative exponent of –n. It will look like: P = 33395(1 + .10)-12 Next I will add inside the parentheses. P = 33395(1.10)-12 Now by using the rules of exponents the negative exponent will change position and convert to a positive by finding the reciprocal and I will calculate 1.1012. P = 33395(1.10)12 P = 33395/(1.10)12 P = 33395/3.138428… Finally I will show the value of P using the formula. P = 10640.67 Looking at the results of the formula, if I invest let’s say $11000.00 today I will have the $33395 and some change in 12 years to purchase my...
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...land, Red Cloud was haunted by the vision of Minnesota's expulsion of the Eastern Lakota in 1862 and 1863. For this he launched a series of assaults on the forts. On December of 1866, he won his most noticeable battle which was the crushing defeat of Lieutenant Colonel William Fetterman's column of eighty men just outside Fort Phil Kearny, Wyoming. The garrisons feared further attacks through the winter. Red Cloud's strategies were so successful that by the end of 1868 the United States government had agreed to the Fort Laramie Treaty. The treaty stated that provisions were to be mandated from the United States, also to abandon its fort along the Bozeman Trail and guarantee the Lakota their possession of what is now the Western half of South Dakota, including the Black Hills, The peace, of course, did not last. Custer's 1874 Black Hills expedition again brought war to...
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...Colorado This summer I went to Colorado with my family in July for a family reunion. My step-dad, mother and I left six days before everyone else so that we could get a fuller vacation. First we stayed in Fort Collins to shop and visit breweries. We went to four breweries that I don't remember the names of. After that we were going to spend the day driving through Rocky Mountain national park. We started to drive into the park and you had to pay a fee to enter the park. After we passed the toll booth we drove along a valley, in the valley there were elk and a group of five bighorn sheep. In about two miles we came across a lake, we could pull over at a picnic table by the lake to eat lunch. There were woods near the lake and there was a stream that ran into it, the lake was turquoise blue water that was clear you could see the bottom even though the lake was around eighty feet deep. After we ate lunch we continued into the Rockies until the air was thinner than paper. We were going up to the alpine visitor center above the treeline. The view was incredible you could see for miles overlooking the Rocky Mountains with the clean air and the elevation. Then we drove back down and headed toward our hotel in Estes park. In Estes park the day after our drive, we went to shops and to restaurants. In Estes park I had the best pizza I have ever had, the sauce was sweet and the crust was cooked to perfection. We returned to our hotel and hung out until we went to bed. Over the next four...
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...After a long debate, My team strongly believe that we should build the Dakota Access Pipeline. We made this decision because we had a lot of research that will surprise you. We have from how many jobs it will produce to how safe it is. In conclusion of this paragraph, we should finish building the Dakota Access Pipeline. To proudly begin with, this is the safest way to transfer up to “570,000 barrels a day” the article http://www.daplpipelinefacts.com/. Stating back to the beginning, this Pipeline is already 85% build, if we do reroute it we will be spending money that we could be using. We will also be earning money building this because the annual for property tax is 55 million dollars a year. With this money we will be supporting...
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...Crazy Horse or once known as Tashunka Witco was the Oglala Sioux Indian chief. Although there was much debate on where Tashunka got his additional name, many historians believe that he was named Crazy Horse after his father, whom was also Crazy Horse. After evaluating Tashunka Witco’s warrior abilities, Crazy Horse saw it fit that his son maintained the family legacy name. Crazy Horse was born around 1840 in what is currently Rapid Springs, South Dakota. He was part of the Lakota Sioux tribe whose primary home-land covered from the Mississippi River to the western Bighorn Mountains. The U.S. Army tried to force the Indians off of their native land onto reservations to keep them under control of the government. However, the Indians wanted to roam free. In efforts to protect and preserve Native American Traditions and land, Crazy Horse fought until his death on September 5th, 1877, where he was killed by a soldier with a bayonet....
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...best Native American leader and warrior? If you do, you should read about Crazy Horse, who was one of the best leaders and if you don't believe it, he even has a monument in his memory because of all of the amazing things he has done for the Native Americans and his people. He died an honorable death, with his father by his side. Crazy Horse was a legendary Native American leader and warrior who stood out and looked differently than others. He was very important and even had a monument made for him, had a lot of commitment and leadership for the Lakota people. Crazy Horse’s early childhood is very adventurous. He was born around 1840-1845, and there is no written report on when he was born. He was born in present day Rapid Springs, North Dakota, his parents were from two different tribes, his mother was from the Miniconjou tribe and his father was from the Oglala tribe. Crazy horse’s real name was Tashunka Witco, his nicknames were Crazy Horse, Curly and Light Brown. He stood out for all the other kids because of his fair-skin, light brown curly hair,giving him a noticeably different appearance from the other kids when he was little, that's where he got two out of the three nicknames. His birth came around a great time for the Lakota people because they were at the peak of their power and had minimal contact with white people. Crazy Horse was a child who liked to do bold things, when he was young around twelve years old, he executed his first buffalo, and by doing that he earned...
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... Abstract Native American Tribes are a huge part of our nation’s history; at the beginning they were a free group of people who had their own set of beliefs and religion. But over time wars and government agencies made it extremely hard on these tribes to just live their lives. Crazy Horse, Lt. Custer, and General Crook were very important in the history of the Sioux tribe. The Sioux Native American Tribe is one of the many tribes residing within the United States, who in 1868 signed a treaty at a conference in Wyoming, promising peace between their tribe and the whites. In this treaty the Sioux agreed to settle in the Dakota Territory at the Black Hills reservation (Sioux Nation>Life and Culture-Reservations and Treaties, 2009). There are three major dialects that are spoken in the Sioux and these are Lakota, Western Dakota, and Eastern Dakota. Mythology and beliefs are very important to the Sioux, and some are still practiced today. Within the Sioux tribe are separate tribes and one of those tribes are the Lakota, they also speak the dialect Lakota. One of the things I found interesting is that the dream catcher started with the Lakota tribe, which started from a dream that one of their spiritual leaders had. In the dream he spoke with Ikotomi about the cycle of life and choosing you right path (Crystal, 1995). It is said to remove all the bad visions and dreams so an individual is able to focus on the right path for their life journey. They believe that the dream...
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...How did the Indians survive on the Great Plains? There were many factors that contributed to the way in which the Native Indians were able to survive on the Great Plains. In the 1840’s to late 19th century the Great Plains were known as one of the hardest place for people to be able to survive on. One of the main problems on the Plains was the extreme weather conditions. In the summer it would be extremely hot and then in the winter it was extremely cold. However the Indian fought against this adapting their lifestyles to be able to build stronger and survive. Firstly the Indians homes were made to be well adapted to suit the extreme conditions of the Great Plains. For example all year round there were hazardous winds. In the winter there was blizzards and freezing temperatures and in the summer it was extremely hot causing both the land and rivers to dry up. Buy creating the tipi it helped the Indians to survive on the tipis because it was designed to be able to withstand the different temperatures and weather of the West. The tipis conical shape meant that it was strong enough to be able to resist the strong winds. Also due to the dramatic temperature the tipi was created with ears that could be moved to direct the wind in the summer the tipis bottom could be rolled up to let the air in to cool the tipi down and in the winter it could be banked with earth to keep the heat in. Secondly family life was very important to the Indians because every person had a role that they...
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...Few Indian Chieftains are as well known, revered, and as shrouded in legend as Crazy Horse. Like the Messiah of his people, he led his “troops” into battle repeatedly after visions of himself as leader of his people inspired him to action. Even among white people he was known for his fearlessness in battle. There was non-among the Indian tribes that matched his military prowess or skills both as a leader of the people and warrior. Despite this fearlessness, and the larger than life persona that surrounded him, Crazy Horse’s legacy ended in an undignified manner fit not even for an animal. The very people he had agreed to turn himself into disemboweled him, the same people who should have taken care of him so that a fair trial could be held. As his life was, so to was his death shrouded in mystery; however, E. A. Brininstool’s collection of letters and accounts of Crazy Horse’s death called, “Crazy Horse: The Invincible Sioux Chief,” can help bring those events into the light. General Jesse M. Lee was an evenhanded man when it came to the Native Americans, and was the Indian agent at Spotted Tail. Lee was with Crazy Horse when he suffered the injury that would kill him, but not when he died. Lee was an acquaintance to Crazy Horse, his family, and his fellow Indians. This is a possible reason that Crazy Horse trusted Lee to take him to Camp Robinson. It was on his deathbed that Crazy Horse absolved Lee of responsibility for the betrayal of the other white men. He respected Crazy...
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...This year's Person of the Year goes to Sitting Bull! Sitting Bull is known as a chief, a man of bravery, leadership, and courage. He struggled for the survival of the lives of him and his people. Fight against white domination and assimilation he died as hero to many Native Americans. Sitting Bull’s Native American name is Tatanka-Iyotanka which describes a buffalo sitting unyieldingly on its rear end and legs. To his people in the Lakota area he’s known as Hunkpapa Lakota chief. He was born in 1831 near the Grand River which would now be called South Dakota. Sitting Bull is the Son of sioux warrior named Returns-Again. He wanted to follow his father's footsteps but lacked interest in warfare. Sitting bull is a man of His leadership qualities...
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