Status Report – BU 2799 Business Management Capstone Project BU 2799: Business Management Capstone Project Raymond Joseph (18598631) Dr. Mitchell ITT Technical Institute 23 February 2016 Status Report John Deere (Deere & Company) Company Background and Business Model The items that I have completed for the Business Management Capstone Project as of February 23, 2016, include many components. First, I have included the name of the business that I will be discussing for the project. The name
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000 | 9.00 | | Contribution margin | 138,000 | $ 6.00 | | Fixed expenses | 70,000 | | | Net operating income | $ 68,000 | | | | | | 2. | Sales (20,000 units × 1.25 = 25,000 units) | $337,500 | $13.50 | | Variable expenses | 225,000 | 9.00 | | Contribution margin | 112,500 | $ 4.50 | | Fixed expenses | 70,000 | | | Net operating income | $ 42,500 | | | | | | 3. | Sales (20,000 units × 0.95 = 19,000 units) | $313
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generated 113.4 million in revenue in 2004, compared with the number of revenue, 63.2 million in 2000. Therefore, the business history indicated the company was growing. Profitability: According to the income statement in Exhibit 2, TRX experienced net loss from 2000 to 2005, which may be unfavorable to TRX. Visibility and recognition: TRX has low visibility and recognition because of the behind the scenes service. Educating investors can help increase visibility and recognition. Growth potential:
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distribute the cost of building depreciation to responsibility centers? a. Number of employees in the responsibility centers. Budgeted sales dollars of the responsibility centers. Square feet occupied by the responsibility centers. Budgeted net income of the responsibility centers. Total budgeted direct operating costs of the responsibility centers 4) Which of the following bodies oversees audits and auditors, and sanctions firms and individuals for violations of laws and regulations
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included (if available): No (20152014) 2015 2014 2013 2012 2011 -47% 1,139 2,133 2,836 2,467 2,088 -3% 392 403 813 529 361 -57% 747 1,730 2,023 1,938 1,727 Receivables - Net 43% 2,269 1,584 2,341 2,922 2,704 Inventories - Total 3% 5,497 5,336 5,047 5,006 4,987 Raw Materials -4% 112 117 103 92 97 Work In Process 77% 55 31 27 39 48 Finished
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strong profits while declining crude oil prices held back Petron's performance. As a result, consolidated net income amounted to P28.1 billion, of which P14.7 billion is attributable to the equity holders of the parent company. We recognized one-time gains in 2013 from the sale of Meralco shares, which brought net income to P50.7 billion. Without these one-off items, SMC posted a recurring net income of P27.9 billion, 244% higher than last year. Consolidated EBITDA ended at P88.1 billion, 14%
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= 150,000 Net income will increase by RM 45,000. c) i. Degree of operating leverage = Contribution margin Net operating income = 240,000 60,000 = 4 ii. With an operating leverage of 4, if the president expect that sales to increase by 20%, net operating income would increase by
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To: Date: December 2 At the meeting last week, J&J was considering how it should account for the Shiny Teeth coupon drop that took place on October 1, 2012. As discussed of your concerns, we conducted our audit in accordance with auditing standards general accepted in the United States of America. My responsibility is to express an opinion on our findings of the audit. I believe that our audit provides a reasonable basis for our opinion. Our focus was on the Shiny Teeth coupon
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Intuit Expands Development Platform, Brings Cloud Apps to Millions of Small Businesses In 2009, Intuit launched the Intuit Partner Platform (IPP) to help developers build software-as-a-service applications that integrate with data in QuickBooks—the popular financial software. In 2010, to make it easier for IPP developers to create scalable cloud-based applications, Intuit combined IPP with the capabilities of Windows Azure in a partnership with Microsoft. The company also released the Windows Azure
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materiality of the difference between reported revenue and our expected revenue. In this case, we use the 5% of pre-tax net income to establish a level of materiality. We compute the materiality by multiplying 5% with the pre-tax net income of $731,845, in which the result is $36,592.25. Therefore, the difference is considered immaterial if it is less than $36,592.25 or 5% of the pre-tax net income. Based on disaggregated approach, the difference between reported revenue and our expected revenue is immaterial
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