...SISTEMAS DE INFORMACION DE COSTOS CASO 8: WALTHAM MOTORS DIVISION. Using Budget data, how many motors would have to be sold for Waltham Motors Division to break even?. Se obtiene el punto de equilibrio con la siguiente información: Contribution margin | 351200 | Units | 18000 | Total nonvariable and programmed costs | 260000 | Margen de contribución Unitario = Margen de Contribución / Unidades 19,5111111 = 351200 / 18000 Punto de equilibrio = Total de costos Fijos / Margen de Contribución Unitario 13325,7403 = 260000 / 19,5111111 De acuerdo a la información del presupuesto la cantidad de motores que deben ser vendidos para tener Punto de equilibrio es 13325,7403 Unidades Using Budget data, hat was the total expected cost per unit if all manufacturing and shipping overhead (both variable and fixe) was allocated to planned production? What was the actual per unit cost of production and shipping?. Asumiendo que todos los costos estuvieron asignados para la producción presupuestada: Total Variable costs | 512800 | Total nonvariable and programmed costs | 260000 | Units | 18000 | Costos Totales = Costos Fijos + Costos Variables 772800 = 260000 + 512800 Costo por Unidad = Costos Totales / Unidades 42,9333333 = 772800 / 18000 Los costos esperados por unidad si todos los gastos de manufactura y envío fueran asignados a la producción planeada es 42,9333333 Costo actual de producción y envío: Total Variable costs |...
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...Problems within the operation and accounting techniques of the Waltham Motors Division of the Marco Corporation were discovered by newly assigned, division-level management following the acquisition of the company and the loss of a contract. This text summarizes some of the issues found within the company operations and explains the importance of effective cost management by exploiting the company’s current accounting system’s strengths and weaknesses. Additionally, this text highlights available strategies management should deploy in an attempt to solve the company’s current issues, as well as, provides detailed recommendations to senior-level management on the use of sound managerial accounting concepts and analyses to improve the current accounting system. If followed, these recommendations will empower Waltham Motors to maximize profits, as well as, improve efficiency and effectiveness within the company’s operation. Keywords: Waltham, Motors, Marco, accounting, managerial Waltham Motors Waltham Motors manufactured electric motors and supplied those motors to household appliance manufacturers. The company started as a family-owned business but was acquired by Marco Corporation in 2003 (Bruns, 2004). After the acquisition, Marco Corporation decided to allow Waltham Motors to operate as a subsidiary, or independent division, of the company in order to observe the existing operation. Monthly, operational results, analysis and narrative reporting...
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...Waltham Motors Division Sharon Michaels, the division controller, is concerned regarding the performance at Waltham Motors Division for the month of May. The company lost a major customer contact during this time, and she needs the performance report analyzed. Sharon Michaels must report the information to the corporate headquarters of Marco Corporation. Waltham Motors is a subsidiary of Marco Corporation and was acquired in late 2003. This analysis is for the month of May 2004. Accounting Practices: As part of my analysis I started with a review of the company’s account policies. I found that there were no changes in the accounting procedures since Waltham had been acquired. Performance reports were created monthly by the plant accountant. Sharon Michaels would then write a narrative report which was sent to the corporate headquarters for review. These performance reports showed information on what was budgeted, actual, and the variance for a particular month. The article “Diversity In Accounting Principles: A Problem, Strategic Imperative or Strategic Opportunity” discusses the ambiguity in accounting rules, and essentially practices are left up to managers discretion. In this case the internal accounting principles seem to be set in how often they will report financial information, but other rules are missing and not very clear. One example is the fact that this report was created in a single day which was not typical. The performance analysis usually...
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...Waltham Oil and Lube Center, Inc. Question 1 The journal entries are: 1) $40,000 Capital contribution Cash 40,000 Capital 40,000 2) $40,000 Deposit with National Deposit – National 40,000 Cash 40,000 3) $6,000 furniture purchase Furniture 6,000 Cash 6,000 4) $10,000 Capital contribution Cash 10,000 Capital 10,000 5) $1,200 Insurance payment (12 months) Prepaid Insurance 1,200 Cash 1,200 6) $35,450 deductions from deposit Oil and grease inventory 6,320 Operating supplies and uniforms 4,130 Equipment 25,000 Deposit 35,450 7) $1500 Lease payment Lease expense 1,500 Cash 1,500 8) $49,800 Equipment payable Equipment 49,800 Equipment payable 49,800 9) $108,600 Bank deposits Cash 108,600 Parking revenue 3,300 Services revenue 105,300 10) $8,230 Inventory purchases (oil and grease) Inventory 8,230 Cash 8,230 11) $34,560 Payroll payments Payroll expense 34,560 Cash 34,560 12) $1700 Utilities payments Utilities expense 1,700 Cash 1,700 13) $6,600 miscellaneous payments Miscellaneous expenses 6,600 Cash 6,600 14) $26,400 Lease payments Lease expense 26,400 Cash 26,400 15) $2,490 Equipment payables payments Equipment payable 2,490 ...
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...YICHANG (Zoey) ZHANG 43 Keenan Street, Watertown, MA 02472 +1(617)-584-7580·zhang_yich@bentley.edu EDUCATION Bentley University – Graduate School of Business, Waltham, MA May 2016 Master of Science in Accountancy, candidate GPA 3.75 • Selected coursework includes: Managerial Statistics, Economics, Accounting Problem II, Business Process & System Assessment, Financial Statement Auditing, Fraud and Forensic Accounting Zhejiang Normal University, Jinhua, China Bachelor of Science in Management Major: Accounting Education GPA: 3.4/5.0 (Top 15%) • Honors: Annual Academic Excellence Scholarship of 2013 (3/45), Merit Student of 2013 • Awards: Association Star (2012); Top5, No.9 University best tour guide competition (2010) University of Central Oklahoma, Edmond, OK One-semester Exchange Program • Tuition Waiver GPA 3.75 June 2014 Fall 2012 PROFESSIONAL EXPERIENCE Vocational Secondary Specialized School, Wenzhou, China Sept 2013 – Nov 2013 Accounting Teacher, Intern • Taught fundamental accounting courses for over 100 students per week • Improved students’ average score in the mid-term exam by 20% • Awarded “My Favorite Teacher” title for Fall 2013 and built solid friendship with students CITY.W Furniture Group, Guangzhou, China July 2013 – Aug 2013 Accounting Assistant, Intern • Entered and updated accounts balance on a daily basis. Reconciled the cash account using Excel • Counted the fixed assets physically and effectively communicated...
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...Case Summary: Waltham Oil and Lubes Inc. Mr. Frank Knight has started a vehicle servicing business by putting a capital of $50000 on 1st May. For that he went into an agreement with National Oil and Lubes centers Inc. wherein he will use the National’s workshop facility and will purchase all the equipment and inventory from them. Of the $40000 deposit which he paid to National as a part of agreement, $25200 were deducted for the equipment costing $75000, remaining money to be paid in terms of non-interest bearing note worth $830 a month. The equipment had a useful life of 5 years Secondly inventory costing $6320 was deducted from the deposit along with other operating supplies of $4130. Also the lease and operating agreement demanded Mr. Frank to pay rent of $1500 for each month along with $10 for every vehicle serviced by him. Rent for the month of May was deducted from the deposit and the remaining ($2850) was kept with National as caution deposit. Also as an investment he purchased furniture worth $6000 with useful life of 10 years. He also purchased an insurance policy worth $1200 with coverage period of 1 year. During the period he serviced 2340 vehicles with revenue of $105300 in cash and accounts receivables of $1070. Also he used to give his place for night parking to the neighboring people, from which he earned $3300. For carrying out the business he incurred a utilities bill of $1700, employee salary of $34560 and Miss. Expense of $6600. Also during this period...
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...to learn new skills and methods of working. Always looking for new opportunities to gain experience and develop existing skills further. Furthermore I am fully flexible with days and timings, so whenever you need me I’ll be there. Key Skills - Ability to provide an excellent service to the general public - Product knowledge - A friendly and caring attitude - Team leader and player - Strong ability to communicate at all levels - Able to use my own initiative and very keen to learn new skills - Artistic and creative aptitude - Always ready to learn to things - Physically fit so it’ll be easy for me to load off deliveries and pick up heavy items. - Very confident and engaging with customers EDUCATION 2015 Waltham Forest College. 2014 Leyton Sixth Form College. 2009-2014 Norlington School For Boys. GCSE’SScience CMaths CEnglish Language CEnglish Literature CReligious Education CPhysical Education C | | WORK EXPERIENCE October 1week 2015 Tescos, High Road Leyton London, E10 7AA • Dealing with deliveries and orders in the morning • Providing excellent Customer Service • Assisting partners with replenishing the store • Helping to reduce products, check dates and clean • Take leadership in tasks and conduct...
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...TITLE PAGE Business Environment Assignment (2015) – (Y/601/0546) * A Qualitative Business Analysis of Two Different Organisations: - (Waltham Forest College: Public Sector and Costa Coffee: Private Business Sector). * This Process Involved Assessing the Influence of Stakeholders and the Relationship Between Businesses and The Local, National and Global Market Environments. CONTENTS LIST PAGE Introduction 3 Literature Review 4 Overview: Critical Review 6 Methodology 7 Investigations/Findings 8-19 Conclusions 20 Recommendations 21 Bibliography/References 22 Appendices 24 1.1 INTRODUCTION This report is a qualitative analytical assessment (Easterby-Smith et al 1991) by the author on behalf of Charles Hunt Investments concerning two contrasting organisational types. The first entity is Waltham Forest College, which is an expanding UK public sector college. The other company is Costa Coffee – a successful UK based and international coffee chain which provides high quality food and beverages service to UK and overseas clients. The aim of this report is to investigate and qualify how Charles Hunt Investments can raise financial resources from (for) clients such as the above mentioned and examine ways, on a long term basis how to secure the best dividends (tangible and intangible benefits) for its stakeholders (Kotler, 1997). A further aim of this qualitative study...
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...without requiring a large capital investment. In order to finance operations in year 2010, SG requires an external funding of $53.8 million (Exhibit 1). These expenses would further limit the company to use their existing capital in other areas such as research and development and expanding to international markets. To improve customer service levels, SG had increased the target customer fill rate to 99% and added six more leased warehouses to meet the demand more accurately. This led to an increase in the inventory levels as some warehouse managers kept extra inventory in order to meet the company target fill rate. To address the inventory problems, the following alternatives are available to SG: 1) Centralized warehousing in Waltham: This would allow SG to pool its inventory in order to meet demand. However, the...
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...Caso NATURI CORPORATION Integrantes: A. Preguntas para el análisis del negocio. 1. Cuáles son los aspectos críticos del negocio de Rice – Active? * Lograr desarrollar un proceso productivo, en el que se puedan almacenar los nutrientes del ROB en cápsulas para su venta. Esto, sin perder las propiedades y la integridad de los micronutrientes del ROB asociados al control del colesterol. * Debido a que los compuestos de origen natural no pueden ser patentados, es crítico para el negocio desarrollar un proceso productivo del medicamento que sí pueda serlo. De esta manera, es posible blindar la innovación de Rice-Active ante sus competidores y mantener una ventaja competitiva sobre éstos. * Lograr altos estándares de calidad en las investigaciones médicas, tanto en las pruebas en animales como en las de humanos, y en la producción del medicamento. Ésto, con el fin de ser aprobado por la FDA y de este modo poder generar el mismo nivel de confianza y eficacia en los consumidores, tal como lo hacen los medicamentos tradicionales. El objetivo de esta etapa es lograr eliminar la desconfianza que está presente en los consumidores estadounidenses frente a medicamentos basados en compuestos naturales. * Encontrar un socio estratégico que sea capaz de ingresar el medicamento al mercado estadounidense y posicionarlo como un sustituto a los medicamento existentes. Dado que los doctores son los que recetan estos medicamentos, dicho socio debe tener una buena relación...
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...Analysis Of Scientific Glass Inventory Management Finance EssayAnalysis Of Scientific Glass Inventory Management Finance Essay The products of Scientific Glass include customized and specialized glassware for a variety of organizations such as pharmaceutical companies, hospitals, research labs, quality-control sites and testing facilities. By January 2010, a substantial increase in their inventory balances tied up the capital needed for investment for expansion. The debt-to-capital ratio exceeded the 40% target preventing the company to use their capital in other areas. Also the shipping costs were rising, competitive pressures were speeding up, and certain markets in North America and Europe were becoming saturated which underscored the necessity for capital investment for expanding market opportunities in Latin America and Asia. Moreover, expanding warehousing network increased the inventory levels along with costs, documentation complexities and errors. The company hired a new Manager of Inventory Planning, Ava Beane, to come up with an effective plan to manage SG’ s inventory without requiring a large capital investment. In order to finance operations in year 2010, SG requires an external funding of $53.8 million. These expenses would further limit the company to use their existing capital in other areas such as research and development and expanding to international markets. To improve customer service levels, SG had increased the target customer fill rate to 99% and added...
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...providers, SG selling its products to many organizations such as; 1) Pharmaceutical companies 2) Biotechnology firms 3) Hospitals 4) Academic and government research labs 5) Environmental testing facilities 6) Industrial research and development facilities 7) Quality control sites The price range of its product is from less than $3 to more than $200, with the average range is falling in $4 to $20. SG has more than 3,000 different standardized products. Also, company offers custom glassblowing services to customer who required specialized solution for its products. High Inventory Problem Due to increasing in customer service level, SG planned to add regional warehouses in many parts US. SG has the main and the largest one in Waltham, MA, which is next to manufacturing plant. SG also has another warehouse that located outside of Phoenix, Arizona. However, at the end of 2008, SG bought other six warehouses. This means SG has...
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...Gino Masciangelo mascian_gino@bentley.edu 6 Fox Run Rd. | Falmouth | ME | 04105 | 207.650.0027 EDUCATION: Bentley University – Waltham, MA Bachelor of Science | Major: Corporate Finance and Accounting Graduation: May 2016 Relevant course work completed: • Accounting : Cost Management, Financial Reporting, Taxation and Pensions • Finance: Market Research. Portfolio Management, Advanced Managerial Finance • Basic Corporate Finance, Investment Banking ACTIVITIES & AWARDS: • Orientation Leader, Bentley University, Waltham, MA Summer 2013 & Winter 2013 • Pillars of Wall Street Seminar, Bentley University, Waltham, MA Fall 2013 • Team Member, Bentley Lacrosse, Bentley University, Waltham, MA Fall 2012/Spring 2013 • Owner: Gino’s Property Maintenance, Falmouth, ME Summer 2009-Summer 2014 • Bonfire/Warf 51: Barback/Bartender, Portland, Maine Summer 2015-Present EXPERIENCE: Continuum, West Newton, MA: Finance/Accounting Intern: 09/2015-Present • Maintained POS system (Innovation) to match expense reports • Handled: Payroll, Revenue Audit, Accounts Payable/Receivable, Taxes • Skills developed: mastery in accounts payable/receivable, POS fluency Modern Woodmen of America, Lewiston, ME: Financial Analyst Intern: 02/2015-Present • Studying for Life and Health then studying for the Series 63 • Maintained/observed client portfolios. Proposed possible investments...
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...Early animal trials had demonstrated that the compound was effective in lowering “bad” cholesterol while simultaneously increasing levels of “good” cholesterol. If manufactured for human ingestion, the compound would provide a natural alternative to synthesized cholesterol-lowering drugs on the market. Although NatuRi was still in the start-up stage, it had captured the attention of at least four potential investors willing to offer a seed investment. Having just received a term sheet from Waltham Partners, a well-known East Coast venture capital firm, Aravind and Kartik were now forced to weigh their options and determine which of the four potential investors currently interested in their venture would be most appropriate for NatuRi’s future growth. Their funding decision for this stage would also impact options for later rounds of funding. The duo had to decide on NatuRi’s valuation and how much equity they would relinquish in exchange for the capital they needed. Waltham Partners had given Aravind and Kartik 24 hours to accept or reject their offer. They needed to make a decision quickly. Background Having met in 1988 as undergraduates at India’s Birla Institute of Technology in Pilani, Rajasthan, Aravind, and Kartik became fast friends. Aravind hailed...
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...Naturi 1.- En relación a los aspectos críticos del negocio, se mencionan los siguientes: i) El tamaño del mercado de productos para elcontrol del colesterol y proyección de la población con problemas de colesterol en EEUU y el mundo. ii) Industria de los alimentos suplementarios (dentro de los cuales se encuentran aquellos parael control del colesterol) sin regulación de la FDA, lo que ha generado un desprestigio de este tipo de productos en el mercado. iii) Existencia de productos sustitutos que presentan similaresresultados que Rice-Active en pruebas de laboratorio realizadas a animales. iv) Existencia de bajas barreras de entrada de productos con estrategias de bajo costo, en comparación a los productosnaturales. v) Proceso de fabricación del Rice-Active requiere de un control estricto de la cosecha de arroz (debido a que los macronutrientes que reducen el colesterol se descomponen rápidamente conla presencia de la enzima lipasa, que se libera 24 hrs después de la cosecha). vi) Gran fragmentación de las granjas productoras de arroz. vii) Interés de las compañías refinadoras de arroz enavanzar en la cadena de valor del aceite de salvado de arroz y mejorar la calidad del aceite para los mercados de exportación. 2.- En relación a como el plan de negocio de Aravind y Kartikconsidera los aspectos críticos del negocio: i) Integración de la compañía con los productores de arroz y refinadores de aceite de salvado de arroz. ii) Instalación de la planta de producción...
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