INN-ROOM SAFE Managing Accounts Receivable Introduction Managing Accounts Receivable… Background and Problem presented Mass media news programs have made travelers aware, via hidden video cameras, of how common it tis for hotel employees and outsiders posing as hotel guests to gain access to your room and steal your valuables right off the night stand. Of course, by the time you find out something is missing there is no way to figure out who did it. And housekeeping never seems to
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industry average will result in frustrated and negative customer feedback and negative word of mouth in the industry the customer is in preventing future sales. | Price | Low Price and High Costs mean Low Margins * Contribution Margin Decreasing – Costs make up for 85% of the contribution margin (Exhibit 4). Although still making a profit, a low cost product with superior service brings in high revenue but a high cost resulting in a low margin. * On site visit by a rep costs $1700 yet only a 1/8
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Name: _______________________________ Final Exam Instructions A. You may use only a non-programmable calculator with a single line display, a 3 inch by 5 inch card with handwritten notes on each side, pencil(s), and eraser to complete this exam. You may not use books, other notes, communication devices, or help from anyone to complete this exam. Note the appendices at the end of the exam. B. There are three parts. Each part is worth ten points for a total of 30 points. Two of
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000 | |Per Unit |$190,000 | |Variable Expenses: | | |Total |285,000 | |Per Unit |57,000 | |Contribution Margin: | | |Total |665,000 | |Per Unit |133,000 | |Fixed Expenses |300,000 | |Net Operating Income
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Raw materials used in production Raw materials inventory, beginning + Purchase of raw materials - Raw materials inventory, ending = Raw materials used in production Cost of Goods Manufactured Work in process inventory, beginning + Raw materials used in production + Direct labor + Manufacturing overhead = Total manufacturing costs - Work in process inventory, ending = Cost of goods manufactured Cost of Goods Sold Finished goods inventory, beginning + Cost of goods manufactured
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1) Fixed Costs=Salaries+Advertising+Administrative Expenses+Rent+Depreciation+Miscellaneous expenses Breakeven=Fixed Costs/Contribution Margin 2003-3230000/377.03=8,566.96 units 2004-3333000/357.68=9,318.39 units 2006-4921000/352.52=13,959.49 units Breakeven$=Breakeven Units*Unit Price 2003-8566.96*845=$7,239,079.12 2004-9318.39*812=$7,566,532.68 2006-13959.49*819=$11,432,822.31 Margin of Safety=Sales-Breakeven Sales 2003=8583000-7239079.12=1343920.88=15.66% 2004=8102000-7566532.68=535467
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Strategic Marketing Problems Cases and Comments V11. Chapter 2 1a) Contribution per CD unit = Unit Selling Price – Unit Variable Cost = $9.00 – ($1.25 + $0.35 + $1.00) = $6.40 b) Break-even volume in CD units Total Fixed Costs = $275,000 + $250,000 = $525,000 Unit Break-even Volume = Total Fixed Costs/Contribution per unit = $525,000 - $6.40 = 82,031.25units Break-even volume in dollars Contribution Margin = (Unit selling price – unit variable cost) / unit selling price = ($9.00 – $2
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Discussion Question 1 Dr. Marty Star, Please see the below report and calculations regarding Food and Beverage Services at Southwestern University Football games. 1. Total fixed cost that must be covered at each of the games are: Food service salaries = $20,000 Rental fees = 2,600 x $3 = $7,800 Booth worker wages = 6 x 6 x 5 x $10 = $1,800 Total fixed cost per game = $20,000 + $7,800+ $1,800 = $29,600 2. The portion of the fixed cost allocated to each of the items is shown in
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| | | 3) | | | | | | Revenues | | | $ | IntraCompany | | | 89,200 | Commercial | | | 110,400 | Total Revenues | | | 199,600 | | | | | | | Variable expenses (power+hourly personnel) | | 10,361 | Contribution margin | | | 189,239 | | | | | | | Fixed expenses | | | | Rent | | | 8,000 | Custodial services | | | 1,240 | Computer leases | | | 95,000 | Maintenance | | | 5,400 | Depreciation | | | 26,180 |
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THE BOOTS AND CO LTD PART 2 CLOSING STOCK VALUATION Product 1: THETA 5 Month Receipts Cost Issue FIFO LIFO Jan 300 4.5 1,350 1,350 Feb 200 4.5 150 1,575 1,575 Mar 400 4.5 3,375 3,375 Apr 4.5 250 2,250 2,250 May 400 4.5 100 3,600 3,600 Jun 300 5 5,100 5,100 Jul 150 4,425 4,350 Aug 400 5 6,425 6,350 Sep 300 5 7,925 7,850 Oct 400 6,125 5,850 Nov 400 6 8,525 8,250 Dec 6 250 7,400 6,750 Total 2,700
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