...MAY 5th, HUGE FAMILY YARD SALE (Harrowgate Rd, CHESTER) REMINDER...Our HUGE ANNUAL Family Yard Sale is TOMORROW!!!! 8+ FamiliesSat May 5th- 7am-til its all gone. RAIN or SHINE Clothes, furniture, antiques, purses, and much more! Big Yellow Victorian house on the corner of Harrowgate Road and Stoney Glenn Subdivision. Come one come all... prices are marked low and ready to sell!! MAY 5th, HUGE FAMILY YARD SALE (Harrowgate Rd, CHESTER) REMINDER... Our HUGE ANNUAL Family Yard Sale is TOMORROW!!!!8+ Families Sat May 5th- 7am-til its all gone. RAIN or SHINeClothes, furniture, antiques, purses, and much more! Big Yellow Victorian house on the corner of Harrowgate Road and Stoney Glenn Subdivision. Come one come all... prices are marked low and ready to sell!! Moving Sale May 5th (Colonial Heights) Moving sale to start at 8am on may 5th Lots of furniture, house wears, baby items, books etc!!!112 Princeton Rd colonial heights VA 23834Past high school on conduit left onto Huntington rd then first left onto Princeton Baby items up to size 12m boys and girls Couches chairs lazyboy, beds other misc furniture. Needs to go!!! Multi-Family Yard Sale - Saturday 5/5 (Chester, VA) Multiple Family yard sale THIS SATURDAY May 5th FROM 8am till 1pm (NO EARLY BIRDS PLEASE). Something for everyone, NEW OR GOOD QUALITY ITEMS FROM; Some small Furniture, Home Decor, Kitchen gagits, Lamps, Silk Plants, Clocks, Exercise Equipment, Shelves, Bikes, Roller Blades, Kids Skates, Iron Steamer...
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...to finishers independent of the company, who then adjust the material to fit various car models. The company announces prices for its products every six months. One of its offerings, Carpet PA-2, is made using a special machine that cannot be used to make any other line of flooring. To improve Carpet PA-2’s margin, the company decided to increase its price per square yard from $3.95 to $4.75, effective January 1, 2003—a decision made in part due to the company’s anticipation of a large fund need in the near future. Their competitors, however, held their prices constant at $3.95 on carpets competitive with PA-2. The subsequent two seasons saw a drop-off in the company’s sales of Carpet PA-2. With this decrease in market share, the company must now decide whether to keep its price at $4.75 per square yard, or to scale it back down to $3.95. The company projects sales of 75,000 sq. yards due to the higher quality of Carpet PA-2 in comparison to the competition, but foresees sales of 150,000 sq. yards if it drops back to the old price. Moreover, the other products of Akron are not affected by the sales of PA-2. The other companies are also not expected to decrease their prices when faced with a decrease in price from Akron, due to their precarious financial position and lower efficiency compared to Akron. Hence we ask: What was the relationship (if any)...
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...MINICASE Jack Tar, CFO of Sheetbend & Halyard, Inc., opened the company confidential envelope. It contained a draft of a competitive bid for a contract to supply duffel canvas to the U.S. Navy. The cover memo from Sheetbend's CEO asked Mr. Tar to review the bid before it was submitted. The bid and its supporting documents had been prepared by Sheetbend's sales staff. It called for Sheetbend to supply 100,000 yards of duffel canvas per year for 5 years. The proposed selling price was fixed at $30 per yard. Mr. Tar was not usually involved in sales, but this bid was unusual in at least two respects. First, if accepted by the navy, it would commit Sheetbend to a fixed-price, long-term contract. Second, producing the duffel canvas would require an investment of $1.5 million to purchase machinery and to refurbish Sheetbend's plant in Pleasantboro, Maine. Mr. Tar set to work and by the end of the week had collected the following facts and assumptions: The plant in Pleasantboro had been built in the early 1900s and is now idle. The plant was fully depreciated on Sheetbend's books, except for the purchase cost of the land (in 1947) of $10,000. Now that the land was valuable shorefront property, Mr. Tar thought the land and the idle plant could be sold, immediately or in the near future, for $600,000. Refurbishing the plant would cost $500,000. This investment would be depreciated for tax purposes on the 10-year MACRS schedule. The new machinery would cost $1 million. This...
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...Question 1 Jack Tar, CFO of Sheetbend & Halyard, Inc. opened the company confidential envelope. It contained the draft of a competitive bid for a contract to supply duffel canvas to the U.S. Navy. The cover memo from Sheetbend’s CEO asked Mr. Tar to review the bid before it was submitted. The bid and its supporting documents had been prepared by Sheetbend’s sales staff. It called for Sheetbend to supply 100,000 yards of duffel canvas per year for 5 years. The proposed selling price was fixed at $30 per yard. Mr. Tar was not usually involved in sales, but this bid was unusual in at least two respects. First, if accepted by the navy, it would commit Sheetbend to a fixed price, long-term contract. Second, producing the duffel canvas would require an investment of $1.5 million to purchase machinery and to refurbish Sheetbend’s plant in Pleasantboro, Maine. Mr. Tar set to work and by the end of the week had collected the following facts and assumptions: The plant in Pleasantboro had been built in the early 1900s and is now idle. The plant was fully depreciated on Sheetbend’s books, except for the purchase cost of the land (in 1947) of $10,000. Now that the land was valuable shorefront property, Mr. Tar thought the land and the idle plant could be sold, immediately or in the future, for $600,000. Refurbishing the plant would cost $500,000. This investment would be depreciated for tax purposes on the 10-year MACRS schedule. The new machinery would cost $1 million...
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... 1.0) Introduction The purpose of this report is to it identify the main factors of Crazy Con’s low profit figures and cash flows. An analysis of the figures will be given along with recommendations which can be implemented in the future to help Crazy Con’s increase their profitability and possibly focusing on fewer categories. 2.0) Analysis According to data of Crazy Con’s, it can be seen that Crazy Con’s specializes in five types of categories of cars which does not allow him to focus on the more profitable types of cars. Prestige is the most profitable category of the five. However, Sedan seems to have a low profit margin even though they have the highest sales figures for the period. Commercial cars seem to be a threat to the business as they take a long time to sell and take up space in the yard, limiting the opportunities for displaying the more profitable types of cars. More of this will be explained later in the report. According to Appendix 1, the prestige cars have the highest average profit whereas commercial cars have the lowest average profit. The factors these reasons will be explained below. 3.1) Popularity and profitability Popularity does not always mean that the category is profitable. According to the data in Appendix...
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...Analysis Report Case Study Number 1 The NY Fashion Company Prepared for Prepared by John July 2006 Table of Contents Summary of Case Study: 3 Item a: Maximize total contribution margins given the constraints 3 Item b: Sensitivity analysis of solution given 10,000 yards additional acetate. 6 Item c: Income statement 7 Item d: Unit profit using the volume-based costing method. 10 Item e: Unit profit using the activity based costing method. 11 Item f: Financial/economic explanation for the difference between the unit profits 14 Appendix – Case Study #1 A-1 Summary of Case Study: This case study concerns determination of an optimum product mix solution given a number of resource, demand, and production constraints for a clothing manufacturer. Sensitivity to change in one of the resource constraints is examined. An income statement is developed based on the optimum solution determined. Finally, the unit profit is calculated using both traditional volume based costing and using activity based costing; included is a discussion of the financial and economic reasons for the difference between the two results. The case study document is included as an appendix to this report. Because of difficulties presenting the TORA output files in a readable state as integral parts of this document, those output files are both embedded in the document represented as icons and they will be submitted as four separate files along with this report. With this...
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...labor and time while it increases the sale value of cubic yard of concrete produced. This report evaluates the economic profit/loss of the decision to invest on the new product. The analysis is done for the range of values of average yearly production and utilizations rates as they are reported on the market. The analysis showed that the company should invest on the new product only if it can achieve a utilization rate of 20% with a yearly production of at least 5000 cubic yards of concrete or a utilization rate of 25% with a yearly production of at least 4000 cubic yards of concrete. In all the other cases included on the analysis, the company will not make a profit from the investment. It is therefore recommended that the company invest on the new product only if it can achieve the above mentioned utilization rate and production thresholds. Since the construction company has not yet shown signs of recovery after the economic crisis of 2008, the threshold values are possible unachievable. Therefore the company should differ on the investment till the economic climate is improved and the market will start to recover. Analysis In order to evaluate the investment on the product the net present value of the gain/ loss was calculated. The analysis was made on a single truck basis. First the net income for all ten years was calculated. Sales were calculated as: utilization rate x no of trips x cubic yards of cement per trip x sale value The gross income was calculated...
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...Profit Planning (Budgeting) Learning Objectives 1. 2. 3. 4. 5. 6. 7. 8. 9. understand the budgeting process prepare a sales budget and a schedule of expected cash receipts prepare a production budget prepare a direct materials budget, including a schedule of expected cash disbursements for purchases prepare a direct labor budget prepare a manufacturing overhead budget prepare a selling and administrative expense budget prepare a cash budget prepare a budgeted income statement 10. prepare a budgeted balance sheet Planning and Control Planning -- involves developing objectives and preparing various budgets to achieve these objectives. Control – involves the steps taken by management that attempt to ensure the objectives are attained. ACCT5243 Profit Planning (Budgeting) Slide 2 1 Advantages of Budgeting Define goal and objectives Communicating plans Think about and plan for the future Advantages Coordinate activities Uncover potential bottlenecks Means of allocating resources ACCT5243 Profit Planning (Budgeting) Slide 3 Responsibility Accounting; Choosing the Budget Period • Responsibility accounting: Managers should be held responsible for those items — and only those items — that the manager can actually control to a significant extent. Operating Budget 2012 2013 2014 2015 The annual operating budget may be divided into quarterly or monthly budgets. ACCT5243 Profit Planning (Budgeting) Slide 4 2 Participative...
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...the firm the Joseph Campbell Preserving Company. Later, Arthur Dorrance was Campbell’s new partner. In the early 1920s, John Dorrance, Arthur Dorrance’s nephew, was the sole owner of the Campbell Soup Company, which was the largest producer of canned soup products. Unfortunately, as the twentieth century was coming to a close, the nation’s appetite for condensed soup products was waning. The weakening demand prompted the company’s executives to use an assortment of questionable business practices and accounting schemes to enhance the company’s reported earnings. Campbell stockholders filed a series of lawsuits in late 1990s. The alleged scams included trade loading, improper accounting for loading discounts, shipping to the yard, and guaranteed sales. The plaintiffs in the class-action lawsuit filed against Campbell Soup Company and its top executives eventually added Pricewaterhouse (PwC), Campbell’s independent auditor, as a defendant in the case. To allow a lawsuit filed under the 1934 Security Act to proceed against a defendant, a federal judge must find that the plaintiffs have alleged or “pleaded” facts “to support a strong inference of scienter” on the part of that defendant. After completing the review of PwC’s audit workpapers, judge Irenas ruled that individually and collectively the plaintiff’s allegations did not provide a sufficient basis to justify including the accounting firm as a defendant. In this case, there are four issues from which we can learn how...
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...specified period of time. CASH BUDGET FOR JANUARY Beginning Cash Balance $28,000 Cash Collections on Sales (60 day lag) $47,000 Sold old machine in January 3,000 Investment Revenues 2,000 Total Cash Inflows 52,000 Disbursements for Manufacturing (30 day lag) 12,400 Marketing Expenses 10,000 General & Administrative Expenses 26,000 Capital Expenditures - 0 - Repayments on Debt 750 Debt Interest Payments 450 Dividend Payments - 0 - Taxes Paid - 0 - Total Cash Outflows 49,600 Net Cash Inflow (Outflow) 2,400 2,400 Ending Cash Balance 30,400 Minimum Desired Cash Balance 10,000 Cash Surplus or (Deficit) $20,400 MEANING OF SALES BUDGET:The sales budgets the most important functional budget. The forecasted quantities of sales and value of sales are presented in this budget. TABLE 1 — SALES FORECAST Product Volume Price Total Sales Lace Shoes 16,000 $ 45.00 $ 720,000 MEANING OF PRODUCTION BUDGET:It is a plan of forecast of the output of the business divided into various products. TABLE-2PRODUCTION BUDGET Planned Sales (table 1) 16,000 Desired Ending Inventory 1,500 Total Units 17,500 Less Beginning Inventory (3,000) Planned Production 14,500 TABLE 3 — MATERIALS BUDGET Lace Shoes require .25 square yards of leather and leather is estimated to costs $ 5.00 per yard next year....
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....1 Do you want to know what a good spring break is? Well all my spring breaks have been awesome but all of them have something in common and that is I spend time with my family and friends and it is so much fun and we always go somewhere and do something or eat something or whatever like we go to places like the water park,the beach,the park,fish fry's,birthday parties,chucky cheese, bounce places the list is endless because we go so many places and met more new people .2 I went to the movies and watched beauty & the beast then we went home and I played roblox the rest of the night the next morning me and my sister played outside in the back yard with are neighbor for an hour we went out to yard sales for 3 hours and we went...
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...for food and other items. Here is an extract: 1 yard of cloth for 1 pound of bacon 2 yards of cloth for 1 pound of butter 4 yards of cloth for 1 pound of wool 8 yards of cloth for 1 bushel of salt a. What is the relative price of butter in terms of wool? 1 pound of butter exchanged for 2 yards of cloth and 4 yards of cloth exchanged for 1 pound of wool. Hence 1 pound of butter exchanged for 2 yards of cloth and 2 yards of cloth exchanged for 1/2 pound of wool. So the relative price of butter in terms of wool was 1/2 pound of wool per pound of butter. b. If the money price of bacon was 20¢ a pound, what do you predict was the money price of butter? 1 pound of bacon exchanged for 1 yard of cloth and 2 yards of cloth exchanged for 1 pound of butter. Hence it took 2 pounds of bacon to exchange for 1 pound of butter. As a result, if the money price of a pound of bacon was 20¢ the money price of 1 pound of butter was 40¢. c. If the money price of bacon was 20¢ a pound and the money price of salt was $2.00 a bushel, do you think anyone would accept Mr. Gregg’s offer of cloth for salt? If the money price of bacon is 20¢ a pound, Mr. Gregg’s offer to exchange 1 pound of bacon for 1 yard of cloth means that anyone could obtain 1 yard of cloth for a money price of 20¢. Mr. Gregg’s further offer to exchange 8 yards of cloth for 1 bushel of salt means that anyone could acquire 1 bushel of salt for $1.60, the price of 8 yards of cloth. If the money price of salt is $2.00 a bushel...
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...laptop in inventory for a year is $130. The store manager estimates that total annual demand for the laptops will be 1500 units, with a constant demand rate throughout the year. Orders are received within 2 days after placement from a local warehouse maintained by the manufacturer. The store policy is never to have stock outs of the laptops. The store is open for business every day of the year except Christmas Day. Each laptop costs $750. Determine the following: a. Optimal order quantity per order (EOQ) b. Minimum total annual inventory costs c. The number of orders per year d. The time between orders e. The reorder point Question 3: The Ambrosia Bakery makes cakes for freezing and subsequent sale. The bakery, which operates five days a week, 52 weeks a year, produce cakes at the rate of 116 cakes per day. The bakery sets...
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...MCD2050: Marketing 1 | Assessment 2: The Recycled Building Yard: Business Report | 1.0 Background of industry The purity of recycled building products lies in decreasing needed for industry to recreate it. It is built on the environmental friendly industry. They usually are using recycled or second-hand building materials on a construction. The environment of construction products, mechanic of processes and apparatus are become more mostly obtainable (Lockwood, 2006). 1.1 Purpose The purpose of this report is to assess whether recycled bricks of the Recycled Building Yard can satisfy consumers’ needs and wants in the mark place. 1.2 Limitation The information in whole report is based on secondary sources, it does not comprise any of first hand sources, so it may not be updating and precise. The Recycled Building Yard is a little part of green building material industry in Australia market, hence it cannot represent the whole situation of Australian industry. 1.3 Assumption Today, Recycled Building Yard is a national leader in green building sellers. The company target is to provide products that would be healthy for people and the environment. The company founder Matthew Freeman-Gleason will continue finding sustainable resource to make products, without costing more (the target of Recycled Building Yard, 2007). 1.4 Scope The scope of this report is concentrate on green construction industry. 1.5...
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...Database Kaplan University Dr. Michael Collins November 27, 2012 Part 1 Part 2 Use screenimages --Creates the Agents table create table Agent ( AgentID INT not null, FirstName VARCHAR(50) not null, LastName VARCHAR(50) not null, Agency VARCHAR(75) not null, OfficeLocation VARCHAR(50) not null, Phone VARCHAR(20) not null, Email VARCHAR(60) not null, constraint pk_agent primary key (AgentID) ); GO Use screenimages --Creates the Order table create table Orders ( OrderID INT not null, AgentID INT not null, OrderDate DATE not null, ShipDate DATE not null, constraint pk_orders primary key (OrderID), constraint fk_agent1 foreign key (AgentID) references Agent (AgentID), ); GO Use screenimages --Creates the Products table create table Products ( ProductID INT not null, Photo VARBINARY(max) null, Descript VARCHAR(max) not null, Price MONEY not null, constraint pk_Products primary key (ProductID) ); GO Use screenimages --Creates the Inventory table create table Inventory ( InventoryID INT not null, ProductID INT not null, InventoryQty CHAR(5) not null, ReorderPoint CHAR(5) not null, constraint pk_Inventory primary key (InventoryID), constraint fk_Products2 foreign key (ProductID) references Products (ProductID) ); GO Use screenimages --Creates the associate OrderLine table create table OrderLine ( OrderID INT not null IDENTITY, ProductID INT not null, Quantity CHAR(5) not null...
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