devry busn 278 midterm

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Points received : 180/190

1. Question : (TCO 1) The type of budget that is updated on a regular basis is known as a ________________  

 continuous budget.    

  revised budget.    

  updated budget.    

  flexible budget.

 2. Question : (TCO 2) The quantitative forecasting method that uses actual sales from recent time periods to predict future sales assuming that the closest time period is a more accurate predictor of future sales is:  

  Moving average model    

  Weighted moving average model    

  Closest moving average model    

  Exponential smoothing model

    

(TCO 3) The regression statistic that measures how many standard errors the coefficient is from zero is the ________________

 

Student Answer:   correlation coefficient.    

  coefficient of determination.    

  standard error of the estimate.

  

 4. Question : (TCO 4) Capital expenditures are incurred for all of the following reasons except:

  .    

Instructor Explanation:  

   

 5. Question : (TCO 5) Which of the following is not true when ranking proposals using zero-base budgeting?

 6. Question : (TCO 6) Which of the following ignores the time value of money?  

Student Answer:   Internal rate of return    

  Profitability index    

  Net present value   

   Payback period  

 7. Question : (TCO 1) There are several approaches that may be used to develop the budget. Managers typically prefer an approach known as participative budgeting.  Discuss this form of budgeting and identify its advantages and disadvantages.  

  

 8. Question : (TCO 2) There are a variety of forecasting techniques that a company may use. Identify and discuss the three main quantitative approaches used for time series forecasting models.  

 

 9. Question : (TCO 2) The Federal Election Commission maintains data showing the voting age population, the number of registered voters, and the turnout for federal elections. The following table shows the national voter turnout as a percentage of the voting age population from 1972 to 1996 (The Wall Street Journal Almanac; 1998):

Voter Turnout    

Year % Turnout Year % Turnout    

1972 55 1986 36    

1974 38 1988 50    

1976 54 1990 37    

1978 37 1992 55    

1980 53 1994 39    

1982 40 1996 49    

1984 53  

Part (a) Use exponential smoothing to forecast this time series. Consider smoothing constants of a = 0.1 and 0.2. What is the forecast of the percentage of turnout in 1998?

Part (b) Use the mean absolute deviation (MAD) to determine which smoothing constant provides the best forecast of voter turnout.  

   

 10. Question : (TCO 3) Use the table “Food and Beverage Sales for Paul’s Pizzeria” to answer the questions below.

Food and Beverage Sales for Paul’s Pizzeria Restaurant

($000s)    

Month First Year Second Year    

January 55 60    

February 53 54    

March 53 56    

April 63 44    

May 64 44    

June 54 34    

July 33 36    

August 35 37    

September 25 28    

October 30 30    

November 35 38    

December 54 52  

Part (a) Calculate the regression line and forecast sales for March of Year 3.

Part (b) Calculate the seasonal forecast of sales for March of Year 3.

Part (c) Which forecast do you think is most accurate and why?  

Instructor Explanation:   

 11. Question : (TCO 6) Jackson Company is considering two capital investment proposals. Estimates regarding each project are provided below:

Project Nuts Project Bolts    

Initial Investment $175,000 $100,000    

Annual Net Income $30,000 52,000    

Annual Cash Inflow $70,000 $45,000    

Salvage Value $0 $0    

Estimated Useful Life 3 years 3 years  

The company requires a 9% rate of return on all new investments.

Part (a) Calculate the payback period for each project.

Part (b) Calculate the net present value for each project.

Part (c) Which project should Jackson Company accept and why?  

 12. Question : (TCO 6) Top Growth Farms, a farming cooperative, is considering purchasing a tractor for $468,000. The machine has a 10-year life and an estimated salvage value of $32,000. Top Growth uses straight-line depreciation. Top Growth estimates that the annual cash flow will be $78,000. The required rate of return is 9%.

Part (a) Calculate the payback period.

Part (b) Calculate the net present value.

Part (c) Calculate the accounting rate of return.  

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ACC 561 ENTIRE COURSE (INCLUDING FINAL EXAM)

ACC 561 ENTIRE COURSE (INCLUDING FINAL EXAM)

This ACC 561 Entire course includes Acc 561 WileyPlus week 2, 3, 5 and 6.

Acc 561 week 2 DQ

Acc 561 week 3 both DQs

Acc 561 week 4 DQ

Acc 561 week 2 both DQs and

Acc 561 final exam.

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ACC 557 Entire Course Financial Accounting

ACC 557 Entire Course Financial Accounting, acc 557 homework solutions, acc 557 test bank, acc 557 week homework,acc 557 week

This tutorial included ACC 557 Week 1 to week 11 DQs and Quizs.


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Acc 349 e6-5

E6-5: E6-5 (Computation of Present Value) Using the appropriate interest table, compute the present values of the following periodic amounts due at the end of the designated periods.


(a)$30,000 receivable at the end of each period for 8 periods compounded at 12%.


(b) $30,000 payments to be made at the end of each period for 16 periods at 9%.


(c)$30,000 payable at the end of the seventh, eighth, ninth, and tenth periods at 12%.

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Hashim Paris, the owner, invested $7,500 cash and $32,500 of photography equipment in the business.

Prepare general journal entries for the following transactions of a new business called Pose for Pics.
Aug. 1 Hashim Paris, the owner, invested $7,500 cash and $32,500 of photography equipment in the business.
1 Paid $3,000 cash for an insurance policy covering the next 24 months.
5 Purchased office supplies for $1,400 cash.
20 Received $2,650 cash in photography fees earned.
31 Paid $875 cash for August utilities.

2-5
Use the information in Exercise 2-4 to prepare an August 31 trial balance for Pose-for-Pics. Open these T-accounts: Cash; Office Supplies; Prepaid Insurance; Photography Equipment; H. Paris, Capital; Photography Fees Earned; and Utilities Expense. Post the general journal entries to these T-accounts (which will serve as the ledger), and prepare a trial balance.

2-2A
Shelton Engineering completed the following transactions in the month of June.
a. Shania Shelton, the owner, invested $105,000 cash, office equipment with a value of $6,000, and $45,000 of drafting equipment to launch the business.
b. Purchased land worth $54,000 for an office by paying $5,400 cash and signing a long-term note payable for $48,600.
c. Purchased a portable building with $75,000 cash and moved it onto the land acquired in b.
d. Paid $6,000 cash for the premium on an 18-month insurance policy.
e. Completed and delivered a set of plans for a client and collected $5,700 cash.
f. Purchased $22,500 of additional drafting equipment by paying $10,500 cash and signing a long-term note payable for $12,000.
g. Completed $12,000 of engineering services for a client. This amount is to be received in 30 days.
h. Purchased $2,250 of additional office equipment on credit.
i. Completed engineering services for $18,000 on credit.
j. Received a bill for rent of equipment that was used on a recently completed job. The $1,200 rent must be paid within 30 days.
k. Collected $7,200 cash in partial payment from the client described in transaction g.
l. Paid $1,500 cash for wages to a drafting assistant.
m. Paid $2,250 cash to settle the account payable created in transaction h.
n. Paid $675 cash for minor repairs to the drafting equipment.
o. Shelton withdrew $9,360 cash for personal use.
p. Paid $1,500 cash for wages to a drafting assistant.
q. Paid $3,000 cash for advertisements in the local newspaper during June.

Required
1. Prepare general journal entries to record these transactions (use the account titles listed in
part 2).
2. Open the following accounts—their account numbers are in parentheses (use the balance column format): Cash (101); Accounts Receivable (106); Prepaid Insurance (108); Office Equipment (163);Drafting Equipment (164); Building (170); Land (172); Accounts Payable (201); Notes Payable (250); S. Shelton, Capital (301); S. Shelton, Withdrawals (302); Engineering Fees Earned (402); Wages Expense (601); Equipment Rental Expense (602); Advertising Expense (603); and Repairs Expense (604). Post the journal entries from part 1 to the accounts and enter the balance after each posting.
3. Prepare a trial balance as of the end of this month’s operations.

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ACC 281 Week 5 Final Paper

ACC 281 Week 5 Final Paper

Write an 8 to 10 page Case Analysis of the following article (which can be found in the Ashford Online ProQuest database):

 California Sutter Health. From bottom to top: How one provider retooled its collections [electronic version]. Healthcare Financial Management, 61(9), 67-73.

Include the following:

1) Complete summary of the case study that identifies the key problems and issues, provides background information, relevant facts, the solution employed, and the results achieved.

2) Identify and explain the accounting practices California Sutter Health used in defining and solving its collection problems. Develop an alternative solution based on your own research using 3 to 5 academic sources from journals, professional organizations, and websites.

3) State your informed opinion of the approach used by California Sutter Health, and provide support using concepts from your research and personal experience.

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Acc 206 week 5 final paper abc company

You’ve just been hired by ABC Company as the corporate controller. ABC Company is a manufacturing firm that specializes in making cedar roofing and siding shingles. The company currently has annual sales of around $1.2 million, a 25% increase from the previous year. The company has an aggressive growth target of reaching $3 million annual sales within the next three years. The CEO has been trying to find additional products that can leverage the current ABC employee skillset as well as the manufacturing facilities.

As the controller of ABC Company, the CEO has come to you with a new opportunity that he’s been working on. The CEO would like to use the some of the shingle scrap materials to build cedar dollhouses. While this new product line would add additional raw materials and be more time intensive to manufacture than the cedar shingles, this new product line will be able to leverage ABC’s existing manufacturing facilities as well as the current staff. Although this product line will require added expenses, it will provide additional revenue and gross profit to help reach the growth targets. The CEO is relying on you to help decide how this project can be afforded. Provide details about the estimated product costs, what is needed to break even on the project, and what level of return this product is expected to provide.

In order to help out the CEO, you need to prepare a six- to eight-page report, with at least three, but no more than five scholarly sources, that will contain the following information (including exhibits, but excluding your references and title page). Refer to the accompanying Excel spreadsheet (available through your online course) for some specific cost and profit information to complete the calculations.


I.                    An overall risk profile of the company based on current economic and industry issues that it may be facing
II.                 Current company cash flow
a.       You need to complete a cash flow statement for the company using the direct method.
b.      Once you’ve completed the cash flow statement, answer the following questions:
i.       What does this statement of cash flow tell you about the sources and uses of the company funds?
ii.     Is there anything ABC Company can do to improve the cash flow? iii.Can this project be financed with current cash flow from the company? Why or why not?
iv.If the company needs additional financing beyond what ABC Company can provide internally (either now or sometime throughout the life of the project), how would you suggest the company obtain the additional financing, equity, or corporate debt, and why?

III.               Product cost: ABC Company believes that it has an additional 5,000 machine hours available in the current facility before it would need to expand. ABC Company uses machine hours to allocate the fixed factory overhead, and units sold to allocate the fixed sales expenses. Based on current research, ABC Company expects that it will take twice as long to produce the expansion product as it currently takes to produce its existing product.
a.       What is the product cost for the expansion product under absorption and variable costing?
b.      Assuming ABC Company wants a 40% gross margin for the new product, what selling price should it set for the expansion product?
c.       Assuming the same sales mix of these two products, what are the contribution margins and break-even points by product?
IV.              Potential investments to accelerate profit: ABC company has the option to purchase additional equipment that will cost about $42,000, and this new equipment will produce the following savings in factory overhead costs over the next five years:
Year 1, $15,000

Year 2, $13,000

Year 3, $10,000

Year 4, $10,000

Year 5, $6,000

ABC Company uses the net-present-value method to analyze investments and desires a minimum rate of return of 12% on the equipment.

a.       What is the net present value of the proposed investment (ignore income taxes and depreciation)?
b.      Assuming a 5-year, straight-line depreciation, how will this impact the factory’s fixed costs for each of the 5 years (and the implied product costs)? What about cash flow?
c.       Considering the cash flow impact of the equipment as well as the time-value of money, would you recommend that ABC Company purchases the equipment? Why or why not?  V.            Conclusion:
a.       What are the major risk factors that you see in this project?
b.      As the controller and a management accountant, what is your responsibility to this project?
c.       What do you recommend the CEO do?
Writing the Final Paper

The Final Paper:

1.      Must be six to eight double-spaced pages in length, and formatted according to APA style as outlined in the Ashford Writing Center.
2.      Must include a title page with the following:
a.       Title of paper
b.      Student’s name
c.       Course name and number
d.      Instructor’s name
e.       Date submitted
3.      Must begin with an introductory paragraph that has a succinct thesis statement.
4.      Must address the topic of the paper with critical thought.
5.      Must end with a conclusion that reaffirms your thesis.
6.      Must document at least three, but no more than five sources in APA style, as outlined in the Ashford Writing Center.
Must include a separate reference page, formatted according to APA style as outlined in the Ashford Writing Center.

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CLO Business Decision Making Project, Part 2

CLO Business Decision Making Project, Part 2

Use the same business problem/opportunity and research variable you wrote about in Week 3.
Remember: do not actually collect any data; think hypothetically.

Develop a 1,050-word report in which you:

· Identify the types of descriptive statistics that might be best for summarizing the data, if you were to collect a sample.

· Analyze the types of inferential statistics that might be best for analyzing the data, if you were to collect a sample.

· Analyze the role probability or trend analysis might play in helping address the business problem.

· Analyze the role that linear regression for trend analysis might play in helping address the business problem.


· Analyze the role that a time series might play in helping address the business problem.
Format your assignment consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.





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CLO Business Decision making project part 1

Identify a business problem or opportunity at a company where you work or with which you're familiar. This will be a business problem that you use for the individual assignments in Weeks 3 to 5. It should be a problem/opportunity for which gathering and analyzing some type of data would help you understand the problem/opportunity better.


Identify a research variable within the problem/opportunity that could be measured with some type of data collection.Consider methods for collecting a suitable sample of either qualitative or quantitative data for the variable.Consider how you will know if the data collection method would be valid and reliable.


Develop a 1,050-word analysis to describe a company, problem, and variable.


Include in your submission:
Identify the name and description of the selected company.
Describe the problem at that company.
Identify one research variable from that problem.
Describe the methods you would use for collecting a suitable sample of either qualitative or quantitative data for the variable (Note: do not actually collect any data).
Analyze how you will know if the data collection method would generate valid and reliable data (Note: do not actually collect any data).


Format your assignment consistent with APA guidelines


Download QNT 275 Week 3 CLO Business Decision making project part 1 below:

Diet Coke paper : Download A+ Paper here


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Colo company worksheet p07c

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Assume it is Monday, May 1, the first business day of the month, and you have just been hired
as the accountant for Colo Company, which operates with monthly accounting periods. All of the
company’s accounting work is completed through the end of April and its ledgers show April 30 balances.
During your first month on the job, the company experiences the following transactions and
events (terms for all its credit sales are 2_10, n_30 unless stated differently):

May 1 Issued Check No. 3410 to S&P Management Co. in payment of the May rent, $3,710. (Use
two lines to record the transaction. Charge 80% of the rent to Rent Expense—Selling Space
and the balance to Rent Expense—Office Space.)

2 Sold merchandise on credit to Hensel Company, Invoice No. 8785, for $6,100 (cost is $4,100).

2 Issued a $175 credit memorandum to Knox, Inc., for defective (worthless) merchandise sold
on April 28 and returned for credit. The total selling price (gross) was $4,725.

3 Received a $798 credit memorandum from Peyton Products for the return of merchandise
purchased on April 29.

4 Purchased the following on credit from Gear Supply Co.: merchandise, $37,072; store supplies,
$574; and office supplies, $83. Invoice dated May 4, terms n_10 EOM.

302 Chapter 7 Accounting Information Systems
5 Received payment from Knox, Inc., for the balance from the April 28 sale less the May 2
return and the discount.

8 Issued Check No. 3411 to Peyton Products to pay for the $7,098 of merchandise purchased
on April 29 less the May 3 return and a 2% discount.

9 Sold store supplies to the merchant next door at their cost of $350 cash.

10 Purchased $4,074 of office equipment on credit from Gear Supply Co., invoice dated May
10, terms n_10 EOM.

11 Received payment from Hensel Company for the May 2 sale less the discount.

11 Purchased $8,800 of merchandise from Garcia, Inc., invoice dated May 10, terms 2_10,
n_30.

12 Received an $854 credit memorandum from Gear Supply Co. for the return of defective office
equipment received on May 10.

15 Issued Check No. 3412, payable to Payroll, in payment of sales salaries, $5,320,
and office
salaries, $3,150. Cashed the check and paid the employees.
15 Cash sales for the first half of the month are $59,220 (cost is $38,200). (Cash sales are
recorded daily but are recorded only twice here to reduce repetitive entries.)

15 Post to the customer and creditor accounts. Also post individual items that are not included
in column totals at the end of the month to the general ledger accounts. (Such items are
posted daily but are posted only twice each month because they are few in number.)

16 Sold merchandise on credit to Hensel Company, Invoice No. 8786, for $3,990 (cost is
$1,890).

17 Purchased $13,650 of merchandise from Fink Corp., invoice dated May 14, terms 2_10,
n_60.
19 Issued Check No. 3413 to Garcia, Inc., in payment of its May 10 invoice less the discount.

22 Sold merchandise to Lee Services, Invoice No. 8787, for $6,850 (cost is $4,990), terms
2_10, n_60.

23 Issued Check No. 3414 to Fink Corp. in payment of its May 14 invoice less the discount.

24 Purchased the following on credit from Gear Supply Co.: merchandise, $8,120; store supplies,
$630; and office supplies, $280. Invoice dated May 24, terms n_10 EOM.

25 Purchased $3,080 of merchandise from Peyton Products, invoice dated May 23, terms 2_10,
n_30.

26 Sold merchandise on credit to Crane Corp., Invoice No. 8788, for $14,210 (cost is $8,230).

26 Issued Check No. 3415 to Perennial Power in payment of the May electric bill, $1,283.

29 The owner of Colo Company, Jenny Colo, used Check No. 3416 to withdraw $7,000 cash
from the business for personal use.

30 Received payment from Lee Services for the May 22 sale less the discount.

30 Issued Check No. 3417, payable to Payroll, in payment of sales salaries, $5,320, and office
salaries, $3,150. Cashed the check and paid the employees.

31 Cash sales for the last half of the month are $66,052 (cost is $42,500).

31 Post to the customer and creditor accounts. Also post individual items that are not included
in column totals at the end of the month to the general ledger accounts. Foot and crossfoot
the journals and make the month-end postings.


Required
1. Enter these transactions in a sales journal, a purchases journal, a cash receipts journal, a cash disbursements
journal, or a general journal as illustrated in this chapter. Post when instructed to do
so. Assume a perpetual inventory system.
2. Prepare a trial balance in the Trial Balance columns of the work sheet form provided with the working
papers. Complete the work sheet using the following information for accounting adjustments:
a. Expired insurance, $553.
b. Ending store supplies inventory, $2,632.
c. Ending office supplies inventory, $504.
d. Depreciation of store equipment, $567.
e. Depreciation of office equipment, $329.
Prepare and post adjusting and closing entries.
3. Prepare a May 2005 multiple-step income statement, a May 2005 statement of owner’s equity,
and a May 31, 2005, classified balance sheet.
4. Prepare a post-closing trial balance. Also prove the accuracy of subsidiary ledgers by preparing
schedules of both accounts receivable and accounts payable

Download Full Solution : Detailed excel sheet filled up with all Correct and verified answers 
There may be some difference in the amounts in questions. For example here Expired Insurance is $553, while in some questions its $552 or $554, so please re-check and recalculate. This tutorial is supposed to be used as a guide. 
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Also Includes :

Colo company Sales journal.
Purchase journal,
Cash receipts journal,
Cash Disbursements Journal,
General Journal,
General Ledger,
Accounts receivable ledger,
Accounts payable ledger,
Colo Company Worksheet,
Income statement,
Statement of owner's equity,
Balance sheet,
Post closing trial balance,

Schedule of accounts receivable,

A child care facility in a fitness center can operate without a license because

1. A child care facility in a fitness center can operate without a license because

A. the fitness center is a private business.

B. the parent is present at the fitness center.

C. the fitness staff is qualified for child care.

D. exercise facilities for the children are available at the fitness center.

2. What, in most states, is the minimum required amount of formal education for a center director?

A. A GED certificate

B. High school diploma

C. A few college credits

D. Two years of specific college course work

3. What is the purpose of a Quality Rating and Improvement System (QRIS) in the child care field?

A. To improve and standardize the quality of care in all facilities in the state

B. To make it easier for parents to find child care

C. To lower the cost of child care

D. To make child care more accessible to all children

4. According to most state licensing regulations, the minimum average required outdoor play space per child in a child care center is between _______ square feet.

A. 60 and 75

B. 30 and 45

C. 45 and 60

D. 25 and 45

5. An initial CDA credential is valid for _______ years.

A. eight

B. three

C. 10

D. five

6. What benefits are available to providers accredited by a state QRIS system?

A. Lowering the minimum number of staff needed

B. Tax credits

C. Fewer licensing requirements

D. Discounts at local suppliers

7. Which of the following is the main function of the Child Welfare League of America (CWLA)?

A. To certify directors of day care centers

B. To sell specialized curriculum materials

C. To set standards for day care services

D. To certify teachers

8. Which of the following organizations stresses the responsibility of the community for children's wholesome development?

A. CWLA

B. AMI

C. NAEYC

D. AMS

9. Which of the following agencies or organizations does not grant certifications?

A. American Montessori Society

B. Association Montessori Internationale

C. State Departments of Education

D. Child Welfare League of America

10. The primary goal of the National Association for the Education of Young Children is to

A. license child care centers.

B. check the credentials of day care staff.

C. improve the quality of life for young children and their families.

D. develop a quality curriculum for day care centers.

11. When you're ready to obtain licensing for your child care facility, which of the following agencies or departments should you contact first?

A. Your local health department

B. Your city or county regulatory agency

C. Your local fire department

D. Your state licensing agency

12. The Association Montessori Internationale has _______ Maria Montessori's methods of teaching children.

A. reinterpreted

B. modernized

C. preserved

D. Americanized

13. Which of the following accreditation organizations does not have its headquarters in the United States?

A. NAEYC

B. AMI

C. CWLA

D. AMS

14. Which of the following is the primary function of certification?

A. To enforce mandatory government regulations

B. To give credit to a facility that meets certain professional standards

C. To grant a credential to an individual as an authorization to teach

D. To set health and safety standards for a child care facility

15. Which of the following is a factor that's very important to high-quality child care, but not often covered in state licensing regulations?

A. The staff-to-child ratio

B. The group size

C. A fire safety clearance

D. An annual visit by a representative of the licensing agency

16. How many components of an early childhood program are evaluated by the NAEYC for accreditation?

A. 15

B. 10

C. 5

D. 2

17. To obtain a credential from _______, it's acceptable to have received your training through independent study.

A. your State Department of Education

B. the American Montessori Society

C. the Association Montessori Internationale

D. the Child Development Associate training program

18. In which of the following ways do the Montessori organizations differ from the other accrediting groups you learned about in your study unit?

A. Your facility must be evaluated by an accreditation committee.

B. You must submit to an on-site visit by the Montessori organization.

C. You must be a member of the organization before you can be accredited.

D. You must use their specially designed Montessori materials.

19. In order to be eligible for accreditation by the NAEYC, an early childhood program must serve a minimum of _______ children.

A. 10

B. six

C. 15

D. five

20. Which of the following is not one of the specific criteria for renewing a CDA credential?

A. Documented proof of past employment at a child care facility

B. Documented proof of working with children for at least 80 hours within the past year

C. Documented proof of current membership in a national or local early childhood professional organization

D. Documented proof of a current Red Cross or other agency Pediatric First Aid Certificate

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Jacksonville Technical College received

Jacksonville Technical College received $3,445,553 in state aid on September 15 for the fall academic semester. The vice-president for finance decided to invest $2,000,000 in a 2-month investment that pays 11.5% simple interest. How much interest will the college earn on the investment? (15 points)

2. Barney Casey borrowed $40,000 from his parents for 2 years. He paid them a total of $45,000 at the end of the 2-year term of the simple interest loan. What rate of interest did he pay his parents? (15 points)

3. Sarai Sherman agreed to deposit $4,450 in an account paying 16% simple interest per year for 60 days. If she made the deposit on February 25, determine (a) the date of the end of the term of the investment, and (b) the ordinary interest Sarai will earn. (15 points)

4. Anna Cavanaugh loaned her friend Jason $1,000 for 6 months at 6% simple interest. What is the future value of the loan and how much finance charge will Jason pay? (15 points)

5. Acton can choose from two loan offers: $12,000 at 8% simple interest for 9 months; or a $12,000 9-month discounted loan at 7% discount. Based on the actual interest paid and the true rate on the discounted loan, which of the two loan offers will Acton choose? Explain your answer. (40 points)

6. Envision that you have served as business manager of Media World for over 2 years. You have noticed that for the last 12 months the business has regularly had cash assets of $20,000 or more at the end of each month. You have found a 6-month certificate of deposit that pays 6% compounded monthly. To obtain this rate of interest, you must invest a minimum of $2,000. You have also found a high interest savings account that pays 3% compounded daily. Based on the cash position of the business at this time, assume that you decide to invest $4,000.

1. Assume that you will invest the full amount in a certificate of deposit.

a. What would be the future value of the CD at the end of the investment term? (14 points)

b. How much interest would the investment earn for the period? (14 points)

c. What would be the effective rate of the investment?(14 points)

2. Assume that you decide to invest the $4,000 in the high-interest savings account.

a. What future value would you expect to receive at the end of 6 months? (14 points)

b. How much interest would the investment earn for the period? (14 points)

c. What would be the effective rate of the investment? (14 points)

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Compare and contrast sentencing guidelines and mandatory minimum sentences

Compare and contrast sentencing guidelines and mandatory minimum sentences. Identify three aims of both sentencing guidelines and mandatory minimum sentences. What potential constitutional issues arise at sentencing? Use the Internet to research an example that supports your statements. Comment on at least two classmates’ initial posts.



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The powers enumerated in the U.S. Constitution for each branch of government have shifted over the years as a result of decisions made by the Supreme Court.

The powers enumerated in the U.S. Constitution for each branch of government have shifted over the years as a result of decisions made by the Supreme Court. Using the U.S. Constitution, library, Internet, or any other available materials, list and discuss 3 ways to achieve greater balance of power among the 3 branches of the federal government. Be sure to reference all sources using APA style. When commenting to other students’ posts, address the suggested ways they pose of achieving balance among the branches. Why might you agree or disagree with these? 

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Explain the difference between a gross requirements plan and a net requirements plan.

1 Explain the difference between a gross requirements plan and a net requirements plan.

2 If a service firm were to attempt level scheduling for aggregate planning, should its level of output be at average demand, peak demand, or minimum demand? Explain why you respondedas you did.

3 Four A washers, five B washers, two C bolts, and a D bolt are required to make one grill parts kit. If 100 grill parts kits are needed, how many more washers will be consumed than bolts? What process from Chapter 14 did you use to get the answer you did?

4 Compare the chase strategy versus level scheduling. What are the advantages and disadvantages of each?

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Lehigh Steel case answer

Harvard Business School	9-198-085
	Rev. April 7, 1998

Lehigh Steel

Lehigh had gone from record profits to record losses in less than 3 years.

-- Bob Hall, ABC Project Manager

Bob Hall studied the product profit report prior to the 1993 First Quarter Financial Review. The report was the culmination of a year’s effort calculating and analyzing customer and product profitability using Activity-Based Costing (ABC). Hall had been hired to implement ABC to restore profitability at Lehigh Steel, which had reported record losses in 1991 after posting record profits in 1988. Not uncommon in an industry characterized by cyclic demand and large capital investment, such losses could not be long sustained. Lehigh was under pressure to return to profitability. (Continued...) *This question is shortened considering the space*Although THE ANSWER BELOW IS COMPLETE AS REQUIRED.

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Debbie owned and operated a party supply compa ny

Debbie owned and operated a party supply compa
ny called “Partyline.” Debbie had recently expanded her inventory of tables and chairs that she offered for rent, so she placed the following advertisement in the local newspaper on June 1: “Partyline can fill all you party needs! We have r ecently expanded our inventory of rental tables and chairs, so we are offering a on e month special on rentals for the month of June. We will rent tables and/or chairs for the low price of $1 per table or chair per day! Call 555-RENT for more information.” Pete saw the advertisement. Since he was pla nning a garden party in his yard on June 25, he called 555-RENT on June 3 and spoke with Debbie. In the course of the conversation Pete said, “Your rental prices are very affo rdable!” “That’s true!” replied Debbie, “we have the best rates in town.” Pete then said, “I am planning a garden party on June 25. I am not sure how many people will be attending, but I think I will need to rent tables and chairs for that day for 100 people.”



Debbie replied, “I just need to double-check to make sure we will have enough tables and chairs available, but I am quite sure wecan provide you with tables and chairs for 100 guests.” “No problem,” Said Pete, “you can let me know sometime within the next two weeks.” Between June 3 and 6 Debbie received a large numberof bookings to rent tables and chairs. She came to the conclusion that she would be unable toagree to any additional rentals for the month of June. On June 7 Debbie took out a second advertisement in the local newspaper which stated the following: “Partyline is no longer able to honor its June rental special. Please contact us for your July party needs.” On June 12 Pete called Debbie and told her thathe was counting on the table and chair rentals for his garden party. “Didn’t you see the June 7 ad?” said Debbie. “What ad?” replied Pete. When Debbie described the June 7 ad Pete replied, “That is unacceptable! I have100 guests coming on June 25 and I need a place for them to sit and eat their lunch!”

Debbie apologized but said she would be unable to provide Pete with the table and chair rentals. 

Does Pete have an enforceable contract with Debbie?

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1 page introduction + 4 pages body + 1 reference page --- total 6 pages in the answer.

Lehigh Stell case answer

Harvard Business School	9-198-085
	Rev. April 7, 1998

Lehigh Steel

Lehigh had gone from record profits to record losses in less than 3 years.

-- Bob Hall, ABC Project Manager

Bob Hall studied the product profit report prior to the 1993 First Quarter Financial Review. The report was the culmination of a year’s effort calculating and analyzing customer and product profitability using Activity-Based Costing (ABC). Hall had been hired to implement ABC to restore profitability at Lehigh Steel, which had reported record losses in 1991 after posting record profits in 1988. Not uncommon in an industry characterized by cyclic demand and large capital investment, such losses could not be long sustained. Lehigh was under pressure to return to profitability. (Continued...) *This question is shortened considering the space*Although THE ANSWER BELOW IS COMPLETE AS REQUIRED.

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Business 101 Final Exam

1. Everyday low pricing means _______ pricing.

A. auction-type

B. value-based

C. going-rate

D. skimming

2. Communication from one subordinate in one department to a supervisor in another department is

A. horizontal.

 B. downward.

C. upward.

D. diagonal.

3. Mary in the accounting department is dealing with many work-related disputes with her manager, Nancy. It has reached to a point where Mary cannot do her job anymore. Where should Mary go to file a complaint about Nancy?

A. Ombudsperson

B. Arbitrator

C. Conciliator

D. Mediator

4. Regarding supplier performance measurement, a supplier's willingness to participate in the minimum purchase requirement comes under _______ measures.

A. cost/price

B. service

C. quality

D. delivery

5. PRT Company produces the best computer printers in the industry. The printers are long-lasting and price-friendly, and no competitor has been able to catch up with PRT Company. This is an example of

A. market segmentation.

B. competitive advantage.

C. economies of scope.

D. market research.

6. A company can increase revenues and profits if they focus on

A. loyal customers and average customers.

B. loyal customers and major customers.

C. average customers and below-average customers.

D. major customers and average customers.

7. When defective or used finished products move from customers and producers to suppliers, it's called A. push supply chain.

B. pull supply chain.

C. reverse logistics.

D. forward logistics.

8. A job specifications document contains which of the following?

A. Job context, schedules, and conditions

B. Job duties, tasks, and responsibilities

C. Skills, education, and experience

D. Job changes, analysis, and design

9. _______ show the amount of time needed to complete activities as well as the amount of activity that needs to be completed within a timeframe.

A. Fishbone diagrams

B. Process diagrams

C. Organizational charts

D. Gantt charts

10. The scope of private law includes which of the following?

A. Constitutional law, administrative law, and criminal law

B. Criminal law, contract law, and constitutional law

C. Tort law, administrative law, and property law

D. Contract law, tort law, and property law

11. Which of the following provides a cross-functional training in preparing an employee for future job opportunities? A. Delegation B. Job rotation C. Coaching D. Mentoring

12. Macroeconomics deals with which of the following? A. Profits B. Inflation C. Income D. Production

13. When a manufacturing company raises prices for its products, it's a reflection of a/an

A. increase in producer price index (PPI).

B. decrease in consumer price index (CPI).

C. decrease in balance of payments (BOP).

 D. increase in balance of trade (BOT).

14. A financial analyst at RMO Manufacturing Corporation has assembled the following data for the last fiscal year. All data is in millions (M). What is the net income or loss for the RMO Manufacturing Corporation for the last fiscal year? Gross sales $12M Interest expenses $0.5M Returns and allowances $1M Taxes $0.1M Cost of goods sold $3M Cash dividends $0.4M Operating expenses $3M Common stock $1M

A. Net loss of $4M

B. Net income of $5M

C. Net income of $4M

D. Net loss of $5M

15. Which of the following represents the correct sequence of handling physical security threats? A. Delay → Deny → Detect → Deter B. Deter → Deny → Detect → Delay C. Detect → Delay → Deny → Deter D. Deny → Detect → Deter → Delay

16. Safety stock _______ the carrying costs.

A. slightly affects

B. increases

C. decreases

D. does not affect

17. ECC Company has collected the following data on quantity produced, variable costs, fixed costs for its production, and cost analysis. Quantity Produce Total Variable Costs Total Fixed Costs Total Costs 0 $0 $10,000 10,000 1,000 $4,000 $10,000 $14,000 5,000 $20,000 $10,000 $30,000 10,000 $40,000 $10,000 $50,000 What is the variable cost per unit at 5,000 units of production for the ECC Company?

A. $3

B. $2

C. $5

D. $4

18. Which of the following are both an open-book management practice and an informal communication method?

A. Management by walking around

B. Water-fountain meetings

C. Grapevine sessions

D. Fire-side chats

19. Which of the following bases of power refers to a person having and sharing valuable information to others who need such information?

A. Legitimate

B. Referent

C. Expert

D. Reward

20. Which of the following network connectivity mechanisms monitor and control incoming and outgoing network traffic?

A. Routers

B. Switches

C. Sensors

D. Firewalls

21. Regarding microeconomics, which of the following considers opportunity costs?

A. Economic costs

B. Marketing costs

C. Manufacturing costs

D. Accounting costs

22. Which of the following represents the fixed costs associated with buying materials from suppliers, not including the costs of materials?

A. Carrying

B. Stock-out

C. Ordering

D. Quality

23. Which of the following represents the correct sequence?

A. Goals → Mission → Policy → Strategy

B. Policy → Strategy → Mission → Goals

C. Mission → Goals → Strategy → Policy

D. Strategy → Goals → Policy →Mission

24. Return-on-sales would be higher under which of the following pricing continuums?

A. Very low prices

B. Ceiling prices

C. Very high prices

D. Floor prices

25. When a potential buyer approaches a seller to buy materials from the seller, it's called

A. reverse logistics.

B. traditional purchasing.

C. reverse purchasing.

D. forward logistics.

26. Which of the following inventory turnover rates indicates a high movement in selling of products for a company?

A. 8

B. 10

C. 4

D. 6

27. The scope of collective bargaining unit includes which of the following?

A. Committees, arbitrators, conciliators, and mediators

B. Management, unions, lobbyists, and regulators

C. Grievances, reprisals, wages, and working conditions

D. Consultants, contractors, advisors, and attorneys

28. The proper roles expected of the Chief Executive Officer of a company include which of the following?

A. Leader, mentor, motivator, and communicator

B. Communicator, dictator, rank-puller, and hard negotiator

C. Mentor, doubter, motivator, and hard bargainer

D. Task-oriented, coercive leader, results-driven, and hard seller

29. A portion of the balance sheet data for SPK Corporation is shown below in millions (M). What is SPK Corporation's working capital? Current assets $6M Current liabilities $3M

A. $6M

B. $9M

C. $4.5M

D. $3M

30. Higher-level managers need

A. no soft skills and all hard skills.

B. less soft skills and more hard skills.

C. more soft skills and less hard skills.

D. average soft skills and average hard skills.

31. Which of the following uses a moderator to guide the work of several members?

A. Task forces

B. Teams

C. Focus groups

D. Working groups

32. The price per unit is $120 for JMO Manufacturing Company, its variable cost per unit is $80, and its fixed costs are $4,000. What is the breakeven point in units using the contribution margin method?

A. 40

B. 60

C. 80

D. 100

33. Regarding service characteristics, which of the following is often difficult to illustrate, demonstrate, or display?

A. Highly differentiated marketing systems

B. Fluctuating demand

C. Inseparability

D. Intangibility

34. Which of the following is used to calculate the cost-of-living index? A. Balance of trade (BOT) B. Producer price index (PPI) C. Consumer price index (CPI) D. Balance of payments (BOP)

35. What's the major requirement for low-context managers doing business in high-context cultures?

A. Formality

B. Patience

C. Promptness

D. Flexibility

36. The Securities Act of 1933 focuses on _______ transactions.

A. over-the-counter

B. computer trading

C. secondary

D. primary

37. Regarding microeconomics, which of the following statement is correct?

A. Accounting profit is greater than marketing costs

B. Accounting costs include opportunity costs

C. Accounting profit is different from economic profit

D. Economic profit is less than production costs

38. Regular payback period is defined as the

A. present value of benefits minus present value of costs.

B. net investment divided by average cash inflows.

C. present value of cash inflows divided by present value of cash outflows.

D. average annual profits divided by initial cash outlay.

39. Which of the following represents the costs associated with safety stock as a cushion?

A. Ordering

B. Stock-out

C. Quality

D. Carrying

40. Which of the following is a self-replicating mechanism?

A. Spoofing attacks

B. Virus attacks

C. Worm attacks

D. Spamming attacks

41. Which of the following groups is the primary cause for an organization's failure?

A. Competitors

B. Management

C. Suppliers

D. Customers

42. Marketing management focuses on _______-term results.

A. long

B. short

C. near long

D. intermediate

43. Which of the following ensures non-discrimination in employment practices?

A. Office of Personnel Management

B. National Labor Relations Board

C. Department of Labor

D. Equal Employment Opportunity Commission

44. Regarding product mix, public relations is a part of

A. place.

B. price.

C. promotion.

D. product.

45. Mishandling of employees' disciplinary procedures by an organization can create _______ risks.

A. political and economic

B. ethical and religious

C. cultural and behavioral

D. legal and financial

46. Which of the following helps in problem-solving?

A. Listening and stroking

B. Stroking and discounting

C. Listening and discounting

D. Stroking only

47. Which of the following focuses on the relationship between employee behavior and organizational performance?

A. Organizational innovation

B. Organizational development

C. Organizational structure

D. Organizational change

48. Which of the following eliminates incoming inspection of materials coming from a supplier to a buyer?

A. Supplier reduction strategies

B. Supplier certification methods

C. Early involvement of suppliers in product design

D. Integrating suppliers

49. Which of the following leaders works to fulfill subordinates' needs and goals as well as to achieve the organization's larger mission?

A. Charismatic

B. Transformational

C. Servant

D. Transactional

50. Which of the following attacks refers to electronic garbage and harassment?

 A. Spamming End of exam

B. Viruses

C. Worms

D. Spoofing

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Mira hair oil review

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