The Weighted Average Cost of Capital (WACC) for a firm

Question1.The Weighted Average Cost of Capital (WACC) for a firm can be calculated or found through research. Select two firms in the same industry. The industry may be that in which you currently work or it may be an industry in which you are interested. Calculate or find the WACC for the two firms. How do the WACCs compare? Are the WACCs what you would expect? What causes the differences between the two firms’ WACCs?
2.what is the most difficult part of calculating WACC?
3.Our second discussion topic concerns the calculation of stock values using the Capital Asset Pricing Model (CAPM). We will start with a discussion of risk and work towards practical application of the model. The textbook provides a list of betas for a selection of stocks. Choose a few firms from that list and discuss whether the betas are what you would expect. Be sure to explain why or why not.
4.
Sprint Corporation (NYSE) is showing promising figures in terms of its rankings among the major telecommunication giants like AT&T, Verizon and T-Mobile, with the latest release of metrics that reflect higher than expected rating regarding calls and texting reliability and performance and has received numerous other first, second standing in overall reliability, speed and data and texting network capability.
Sprint Corp (NYSE:S)
Weighted Average Cost Of Capital (WACC) 7.74%
Here are the current Sprint Stock Ratios according to Yahoo Finance:
Sprint Corporation (S) -NYSE
4.42 Down 0.04(0.90%) Jun 5, 4:00PM EDT
After Hours: 4.43 Up 0.01 (0.23%) Jun 5, 7:47PM EDT
SPRINT Corporation (S)
Beta: -1.355
52wk Range: 3.79 – 8.96
Volume: 12,789,376
Market Cap: 17.53B
EPS (ttm): -0.85
In the past twelve month’s price to sales ratio recorded as 0.54 and price to cash ratio remained 4.48
Although it has a negative beta, its recent awards, and investments and its recent teaming up with Google to provide new wireless service may boost the stock, the numbers are conflicting for Sprint, my guess is that it may make a significant turnaround in 2016 and those numbers may change more positively to reflect the company’s potential in the future.
Negative Betas, while rare, signify a negative correlation. When the market goes up, we would expect the stock price to go down.
Has Sprint’s performance over the last 2 years been consistent with its negative beta?
Tutorials for this QuestionAvailable for$15.00The Weighted Average Cost of Capital (WACC) for a firm (Solution)Tutorial # 00069914Posted On: 06/11/2015 12:56 AMPosted By:Best Tutors for school students, college students expertdenExpert tutors with experiences and qualitiesQuestions:15717Tutorials:15364Feedback Score:97% (3899 ratings)Report this Tutorial as InappropriateTutorial Preview…equity xx 18 xx The company xxx a beta xx 1 xxx xxx a xxxxxxxx tax rate xx 24% The xxxx is xxxx xx 65% xxxxxxxx 2 The xxxx difficult part xx the xxxxxxxxxxx xx WACC xx the calculation xx equity Calculatingthe xxxx of xxxxxx xx tricky; xxxxxx the cost xx debt that xx in xxx xxxx of xxxxxxxxxxxxx interest rates, xxxxxx does not xxxx a xxxxxxxx xxxxx since xxxxx capital lacks xx explicit cost xxxxxxxx at xxx xxxx of xxxxxx mainly depend xx the company’s xxxxxxxxxxx and xxxx xxx…Purchase this Tutorial @ $15.00 ** – Additional Paypal / Transaction Handling Fee (3.9% of Tutorial price + $0.30) applicableCopyright © 2012-2017 HomeworkMinutes.com RSS Home Contact Us Terms of Use Academic Honesty Policy
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FIN – Ben Bates graduated from college six years ago

QuestionBen Bates graduated from college six years ago with a finance undergrad degree. Although he is satisfied with his current job, his goal is to become an investment banker. He feels that an MBA degree would allow him to achieve this goal. After examining schools, he has narrowed his choice to either Wilton or Mount Perry. Although internships are encouraged by both schools, to get class credit for the internship, no salary can be paid. Other than internships, neither school will allow its students to work while enrolled in its MBA program. Ben currently works at Dewey and Lewis and makes $53,000 per year, and his salary is expected to increase at 3 percent per year until retirement. He is 28 years old, and expects to work for 38 more years. He has fully paid health insurance and his tax rate is 26 percent. Ben has savings with enough money to pay for his MBA. Wilton is one of the top MBA programs. The MBA requires two years of full-time enrollment, annual tuition is $58,000 per year. Books and supplies are $2,000 per year. Ben expects that after he graduates, he would make $87,000 per year with a $10,000 signing bonus., His salary would increase 4% per year – although his tax rate would then be 31%. Mount Perry offers an accelerated one-year programm for $75,000. Books and supplies are $4,200. Ben thinks he would make $78,000 per year with this degree with an $8,000 signing bonus. His salary after graduation would increase at 3.5% per year, and tax rate would be 29%. Both schools offer health insurance for $3000 per year. Room and board for Ben will decrease by $4000 per year for either school., The discount rate is 6.5%.
1) How does Ben’s age affect his decision to get an MBA?
2) What other, perhaps noquantifiable factors affect Ben’s decision to get an MBA?
3) Assuming all salaries are paid at the end of each year, what is the best option to Ben from a strictly financial standpoint?
4) Ben believes that the appropriate analysis is to calculate the future value of each option. How would you evaluate this statement?
5) What intial salary would Ben need to receive to make him indifferent between attending Wilson and staying at his current job?
6) Suppose, instead of being able to pay cash for his MBA, Ben must borrow money. The current borrowing rate is 5.4%. How would this affect his decision.Tutorials for this QuestionAvailable for$25.00FIN – Ben Bates graduated from college six years ago (Solution)Tutorial # 00069915Posted On: 06/11/2015 01:06 AMPosted By:Best Tutors for school students, college students expertdenExpert tutors with experiences and qualitiesQuestions:15717Tutorials:15364Feedback Score:97% (3899 ratings)Report this Tutorial as InappropriateTutorial Preview…from xxxxxxx…Attachments
FIN_-_Ben_Bates_graduated_from_college_six_years_ago_(Solution).docx (16.64 KB)Preview: no xxxxxxxxxxx to xxxxxx he could xx anything else, xxx example xxxxxx xxxx that xxxxx pay more xx open the xxxxxxxx 3 xxxxxxxx xxx salaries xxx paid at xxx end of xxxx year, xxxx xx the xxxx option for xxx – from x strictly xxxxxxxxx xxxxxxxxxxxx think xxxxx are three xxxxxxx have to xx calculated:1 xxxxxxx xxx current xxxx for 40 xxxxxxxxxx are several xxxxxxx to xx xxxxxxxxxx to xxxxxxxxx the present xxxxxx (PV) of xxx first xxxxxxx xxxx His xxxxxx salary at xxx firm is xxxxxxx per xxxxx xxx his xxxxxx expected to xxxxxxxx at 3 x per xxxx xxxxx retirement, xxx current average xxx rate is xx % xxx xxxxxxxx rate xx 6 5 xxxxxxx In this xxxxx to xxx xxx present xxxxx (PV), we xxx use the xxxxxxx of xxxxxxx xxxxxxx Salary x $50,000, tax xxxx = 26%, xxxxxxx of xxx xxxxx c x $37,000R (discount xxxxx = 6 xxx (growth xxxxx x 3%T xxxx number of xxxxxx working) = xxxx the xx xx = xxxxxxxx 902 Getting xxx MBA at xxxxxx UniversityIn xxxx xxxxx must xxxxxxx 4 parts:A xx of salary xxx 38 xxxxx xxx – x years)B PV xx signing bonusC xx of xxxxx xxx 2 xxxxx (tuition, books xxx supplies, health xxxxxxxxx and xxxx xxxxx PV xx 2 years xxxxxx when he xxxxx work xx xxx money xxxxxxxxxx firm A xx…..Purchase this Tutorial @ $25.00 ** – Additional Paypal / Transaction Handling Fee (3.9% of Tutorial price + $0.30) applicableCopyright © 2012-2017 HomeworkMinutes.com RSS Home Contact Us Terms of Use Academic Honesty Policy
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ACCT 504 Case Study 2 (2015)

QuestionCase Study 2
(Learning Objectives 2, 4: Explain the components of internal control; evaluate internal controls) Each of the following situations reveals an internal control weakness:
Situation a. In evaluating the internal control over inventory for the Williams Oil Services Company, an auditor learns that the warehouse receiving clerk is responsible for ordering parts for supply inventory use in drilling services, counts the inventory when received at the dock, records the receipts into the inventory ledger, and takes the annual inventory, No supervisor reviews the receiving clerk’s work.
Situation b. Nicole Lopez handles employee travel and expense reports for Scott Sales Services. With the growth in the economy, the sales team began traveling extensively gaining new business. Because of the heavy volume, she no longer required the sales team to provide original airline, hotel, or car rental receipts. She told them to just keep their meals under the $100 per day per diem and no receipts were required. She allowed them to use their own credit cards so they could get the frequent flyer points. She required them to turn in a summary of the travel expenses quarterly.
Situation c. Michael Jordon is a new employee hired from Craig’s List recommended by a co-worker. Mike was hired as a Human Resource Assistant. Mike’s first day on the job he is told that he should follow his own judgments when deciding how employee issues such as hiring and firing of employees, sexual harassment, and ethical infractions should be handled.
Top of Form
? Requirements
1. Identify the missing internal control characteristic in each situation.2. Identify each firm’s possible problem.3. Propose a solution to the problem.Bottom of Form
Category
Points
Description
Understanding
10
Demonstrate a strong grasp of the problem at hand. Demonstrate understanding of how the course concepts apply to the problem.
Analysis
30
Apply original thought to solving the business problem. Apply concepts from the course material correctly toward solving the business problem.
Execution
10
Write your answer clearly and succinctly using strong organization and proper grammar. Use citations correctly.
Total
50
A quality paper will meet or exceed all of the above requirements.
Tutorials for this QuestionAvailable for$27.00ACCT 504 Case Study 2 (2015) SolutionTutorial # 00069912Posted On: 06/11/2015 12:51 AMPosted By:Best Tutors for school students, college students expertdenExpert tutors with experiences and qualitiesQuestions:15717Tutorials:15364Feedback Score:97% (3899 ratings)Report this Tutorial as InappropriateTutorial Preview…correct xxxxxx should xx made Safeguard xx assets from xxxxxxxxxxxx access, xxx xx disposition xxxxxxxx comparison of xxxxxxxx assets with xxxxxx asset xxx xxxxxxxxxxx detection xxx correction of xxxxxxxx misstatement on xxxxxx basis xxx xxxxxxxxx of xxxxxxxx controls No xxxxxxxxxx can override xxx internal xxxxxxx xxxxxx of xxxxxxxxxxxx It should xxxxxxx for segregation xx incompatible xxxxxxxxx xx that xxxxxxxxxxxxx can’t be xxxxxxxxx easily Devising xxx maintaining xxxxxxxx xxxxxxx system xx responsibility of xxxxxxxxxx Management should xxxxxx it xxxxxxxxxxxx xx ensure xxx effectiveness Management xxx establish a xxxxxxxx department xxxxxx xxxxxxxxxxx audit” xx check whether xxxxx internal controls xxx operating xxxxxxxxxxx xxxxxxxxxxx of xxxxxxxx control system xxxxxxx on the xxxxxxxxxx and xxxxxxx xx those xxxxxxxxx it, therefore xxxxxxxxx should be xxxxxxxx qualified, xxxxxxx xxx experienced xxxxxxxxxx 1 David xxxxxxxxx “Internal audit- xxxx based-Introduction” x xxxxxxxx for xxxxxxx of smaller xxxxxx company Public xxxxxxx Accounting xxxxxxxxx xxxxx 3 xxxxxxxxxx override of xxxxxxxx controls American xxxxxxxxx of xxxxxxxxx xxxxxx Accountant, xxxx 4 Sawyer’s xxxxx for Internal xxxxxxxx The xxxxxxxxx xx Internal xxxxxxxx Research Foundation xxxx Components of xxxxxxxx Control x xxxxxxx Environment: xxx each business xxxxxxx such as xxxxxxxxx sale, xxx xxxxxxxxxxx making xxxxxxx etc organization xxxxxx develop and xxxxxxxx a xxxxxxx xxxxxxxxxxx This xxxxxxxx Specifying criticalness xxx material importance xx each xxxxxxxx xxxxxxx plus xxxxxxxxxx the…Attachments
ACCT_504_Case_Study_2_(2015)_Solution.docx (25.61 KB)Preview: relevant xx the xxxxx It is x matter of xxx auditor’s xxxxxxxxxxxx xxxxxxxx whether x control, individually xx in combination xxxx other, xx xxxxxxxx to xxx audit Situation xxx aIn a xxxxx problem, xxxxxxx xxxxxxxx component xx internal control xxx missing because xxx work xxxx xx clerks xxx not supervised xx anyone For xx effective xxxxxxxx xxxxxxxx all xxxxxxxxxx carried out xx organization must xx supervised xxxxx xxx be xxxxxxxxx problems It xx always difficult xx hire xxxxxxx xxx can xxxxxxxx the information xxxx of organization xxx decision xxxxxx xxxxxxx in xxxxxxx of goods xxxxxxx into organization xxxxx may xx xxxxxx turnover xx experts means xxx switching of xxxxxxx for xxxxxx xxx packets, xxxxxxxxx etc Sometimes xx may not xxxxxxxx to xxxxxxx xxxxxxxxx acquired xx day to xxx business operations xxxx cycles xxxxxxxx xxxxxxxx to xxx problemsImpose personnel xxxxxxxxxxxxxx among users xxx not xxxxxxxxxx xxx unauthorized xxxxxxxxxx in organization xxxxxxxxx of unauthorized xxx and xxxxxxxxxxx xx wasteful xxxxxxxx into the xxxxxxxxxxxx by introducing x substitute xxxxxx xxxxxxxxxxx log xx transaction regarding xxxxx of material xxx output xx xxxxxxxx during xxx specified period xxxxxxxxx –bIn a xxxxx problem, xxxxxxx xxxxxxxxxxx component xx internal control xxx missing because xxxxx is xx xxxxxxx over xxxxxxx made to…..Purchase this Tutorial @ $27.00 ** – Additional Paypal / Transaction Handling Fee (3.9% of Tutorial price + $0.30) applicableCopyright © 2012-2017 HomeworkMinutes.com RSS Home Contact Us Terms of Use Academic Honesty Policy
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ACC 6100 Exam 1/ Report 1 – Accounting Detective for Cold or Current Case (2015)

QuestionExam 1/ Report 1
Accounting Detective for Cold or Current Case
Financial Statement Analysis
Dream to become an accounting detective? What can an accounting detective do? Here are some
clues.
? Make sure your current or future employer is not another Enron that wiped out its
employee 401 (k) fund?
? Want to know your city is not like Detroit that has kept borrowing money for decades to
meet its financial obligation?
? Desire to unearth a white-collar crime such as WorldCom fraud that misclassified regular
maintenance as capital investment, for instance?
? Find out whether your charity organization uses your money as efficiently and effectively
as Salvation Army whose CEO only gets $40K annual salary compared to its $2 Billion
annual donation?
? Confirm your intuitive assessment about a company’s sustainability of its strategy unlike
NetFlix’s separate subscription policy that drove away its subscribers?
? Explore an opportunity to start up a company by analyzing a leader of the industry of
your interest?
Pick up either (a) a publicly-traded company headquartered in Toledo or neighboring cities (like
Cleveland, Columbus, Cincinnati, or Detroit) OR (b) a large or well-known company
from the Listing of Financial Restatement Announcements on Page 74 -155 of Financial
Restatement Report by US General Accountability Office in 2006
(http://www.gao.gov/new.items/d06678.pdf). Then obtain its relevant financial statements from
its corporate website or www.sec.gov obtain its financial statements, and perform the following
research.
1. Introduction to the company: (a) find video clips about the organization (if possible), and
(b) comment on the results of three types of analysis: horizontal, vertical and ratio
analysis (leave the detailed analysis calculation to the appendix of the Exam 1/ Report 1).
2. Footnotes: Discuss at least five footnotes in the areas of (a) contingency, (b) taxation, (c)
capital budgeting, (d) R&D, (e) outsourcing, etc. In addition, find out best and worst
decision that the company has ever made.
3. Compensation: Elaborate employee compensation, especially executive compensation.
4. Strategy and Stakeholder: Comment on the organizational strategy and its relationship
with its stakeholders such as donors (if applicable), employees, suppliers, lenders,
community, regulator, and tax agency.
5. Ethics and/or Fraud: Discover any ethical issues and/or fraud the organization may
involve.
6. Industry and Benchmarking: Compare the organization with other industry leading
companies and critique the industry that the organization is operating in terms of
industrial competitiveness and survivability.
7. U.S. and world economy: Find out the impact of U.S. economy and globalization on the
organization
8. Forecasting: Use Chap 11 methods to forecast the organizational income statement for
the next year. You may use prior financial statements to figure out approximate growth
rate and make your own assumptions if necessary.
9. Equity Valuation: Follow Chap 12 to forecast the share value. You may use prior
financial statements to estimate the share value and make own assumptions if necessary.
10. Decision Making: Would you invest in this company? Comment on the future of the
organization for stakeholders (e.g., investors).
Tutorials for this QuestionAvailable for$25.00ACC 6100 Exam 1/ Report 1 – Accounting Detective for Cold or Current Case (2015)Tutorial # 00069913Posted On: 06/11/2015 12:55 AMPosted By:Best Tutors for school students, college students expertdenExpert tutors with experiences and qualitiesQuestions:15717Tutorials:15364Feedback Score:97% (3899 ratings)Report this Tutorial as InappropriateTutorial Preview…Accounting xxxxxxxxx for…Attachments
ACC_6100_Exam_1_-_Accounting_Detective_for_Cold_or_Current_Case_(2015).docx (20.8 KB)Preview: subsidiaries xxxxxx communications, xxxxxxxxxxx along with xxxxxxxxxxxxx products and xxxxxxxx to xxxxxxx xxxx of xxxxxxxxxx business and xxx the Governmental xxxxxxxx Worldwide xxx xxxxxxxx segment xx the company xxxxxx wireless voice xxx data xxxxxxxx xxx these xxxxxxxx are used xx variety kind xx gadgets xxxxxxx xxxxx able xx offer almost xxx kind of xxxx services xx xxxxx to xxxx the consumer xxxxx along with x tight xxxxxxxxxx xxxx more xxxxxxxx security Verizon xxx founded during xxx year xxxx xxxx head xxxxxx at New xxxx Financial Statement…..Purchase this Tutorial @ $25.00 ** – Additional Paypal / Transaction Handling Fee (3.9% of Tutorial price + $0.30) applicableCopyright © 2012-2017 HomeworkMinutes.com RSS Home Contact Us Terms of Use Academic Honesty Policy
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Accounting Week 1 Assignment 3 (2015)

QuestionProblem 1–Contingent liabilities
Following are three independent situations:
In August, 2012 a worker was injured in the factory in an accident partially the result of his own negligence. The worker has sued Wesley Co. for $800,000. Counsel believes it is reasonably possible that the outcome of the suit will be unfavorable and that the settlement would cost the company from $250,000 to $500,000.A suit for breach of contract seeking damages of $2,400,000 was filed by an author against Greer Co. on October 4, 2012. Greer’s legal counsel believes that an unfavorable outcome is probable. A reasonable estimate of the award to the plaintiff is between $800,000 and $1,800,000. No amount within this range is a better estimate of potential damages than any other amount.Quinn is involved in a pending court case. Quinn’s lawyers believe it is probable that Quinn will be awarded damages of $1,000,000.Discuss the proper accounting treatment, including any required disclosures, for each situation. Give the rationale for your answers.
Problem 2–Warranties
Jacson Equipment Company sells computers for $1,500 each and also gives each customer a 2 year warranty that requires the company to perform periodic services and to replace defective parts. During 2012, the company sold 900 computers. Based on past experience, the company has estimated the total 2-year warranty costs as $40 for parts and $60 for labor. Assume all sales occurred on December 31, 2012.
In 2013, Miley incurred actual warranty costs relative to 2012 computer sales of $12,000 for parts and $18,000 for labor.
Required: (journal entries)
Under the expense warranty approach, give the entries to reflect the above transactions (accrual method) for 2012 and 2013.Under the cash-basis method, what are the warranty expense balances for 2012 and 2013?As per the transactions of part (a) what balance would come under current liabilities in the 2012 balance sheet?Answer all the questions in a Microsoft Word document.
Support your responses with examples.
Tutorials for this QuestionAvailable for$14.99Accounting Week 1 Assignment 3 (2015)Tutorial # 00069911Posted On: 06/11/2015 12:42 AMPosted By:Best Tutors for school students, college students expertdenExpert tutors with experiences and qualitiesQuestions:15717Tutorials:15364Feedback Score:97% (3899 ratings)Report this Tutorial as InappropriateTutorial Preview…Week…Attachments
Accounting_Week_1_Assignment_3_(2015)_Solution.xlsx (10.65 KB)Preview: not xxxxxxxx Quinn xxxxxx not record xxx contingent asset xxxxx it’s xxxxxxxx xxxxxxxx contingent xxxxxx are neither xxxxxxx nor disclosed xxx $1,000,000 xxxxxxxxxx xxxxx should xx disclosed because xxx outcome is xxxxxxxxxx probable xxx xxxxxxx is xxxx because it xx probable that x liability xxx xxxx…..Purchase this Tutorial @ $14.99 ** – Additional Paypal / Transaction Handling Fee (3.9% of Tutorial price + $0.30) applicableCopyright © 2012-2017 HomeworkMinutes.com RSS Home Contact Us Terms of Use Academic Honesty Policy
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Planning a Listening Workshop

QuestionReview the Online Research Activity: Project 10.2 titled “Planning a Listening Workshop” on page 166.•Complete the exercise, writing a one- to two-page training plan describing the topics you would include in a customer-focused listening workshop for CSRsTutorials for this QuestionAvailable for$15.99Planning a Listening WorkshopTutorial # 00069910Posted On: 06/11/2015 12:34 AMPosted By:Best Tutors for school students, college students expertdenExpert tutors with experiences and qualitiesQuestions:15717Tutorials:15364Feedback Score:97% (3899 ratings)Report this Tutorial as InappropriateTutorial Preview……Attachments
Assignment_-_Planning_a_Listening_Workshop.docx (17.25 KB)Preview: being xxxxxxx the xxxxxxxxxxx of the xxxxxxx trusted on xxx agent’s xxxxxxx xx express xxxxxxxxxxx once supplying xxxxxxxx An information xxxxxxxxx delivers x xxxxxx location xxx altogether crucial xxxxxxxxxx information, irrespective xx the xxxxxxxxxxxxxxx xxxxxx The xxxxxxxxxxx warehouse supplies xxxxxxxxxxx around sales, xxxxxx favorites, xxx xxxxxxxxxxxx on xx examining this xxxxx a company xxxxxxxxx develop xx xxxxxxxx or xxxxxxxx substructure, to xxxx choices about xxxxxxxx quality xxxxxxxxxxxxx xxx client xxxxxxx The client xxxxxxx illustrative must xxxxxxx customers xx xxxxxxxx populations xxxxxxxxxx generations might xxxx dissimilar favorites xx addition, xxxx xxxx comprehend xxx to connect xxxx clienteles with xxxxxxxxxxx An…..Purchase this Tutorial @ $15.99 ** – Additional Paypal / Transaction Handling Fee (3.9% of Tutorial price + $0.30) applicableCopyright © 2012-2017 HomeworkMinutes.com RSS Home Contact Us Terms of Use Academic Honesty Policy
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Updike Company – Overhead Variance analysis

Question
Problem II
Updike Company applies both variable and fixed overhead based on machine hours. The relevant range of production for this activity is 0 to 10,000 units per month. For October, 2015, the following monthly information is obtained:
Budgeted and Standard Amounts:
Machine hours per unit of output……………………… 3
Variable overhead per machine hour……………….. $?
Fixed overhead per machine hour…………………… $2.10
Total overhead per machine hour…………………… $2.90 (both variable and fixed)
Total budgeted fixed overhead………………………. $?
Total budgeted variable overhead…………………… $4,800
Budgeted machine hours………………………………… ?
Budgeted output in units………………………………… 2,000
Actual Amounts:
Units produced……………………………….. 2,200
Machine hours………………………………… 6,800
Variable overhead…………………………… $4,900
Fixed overhead……………………………….. $12,000
Required:
1. Compute the fixed overhead and variable overhead variances. Compute a total of four variances.
2. If production were budgeted at 1,800 units, what would be the amount of the total budgeted fixed and total budgeted variable overhead costs in the flexible budget for October?
Fixed –
Variable –
3. Prepare one journal entry to record the actual fixed overhead cost and the amount applied to production. Include all of the fixed overhead variances in one journal entry (standard costing system).
Tutorials for this QuestionAvailable for$7.77Updike Company – Overhead Variance analysisTutorial # 00069908Posted On: 06/11/2015 12:02 AMPosted By:Best Tutors for school students, college students ACCOUNTS_GURUExpert tutors with experiences and qualitiesQuestions:814Tutorials:904Feedback Score:47% (15 ratings)Report this Tutorial as InappropriateTutorial Preview…Overhead…Attachments
Updike_Company_-_Overhead_Variance_analysis.docx (15.94 KB)Preview: (Actual xxxxxxx hours x Budgeted overhead xxxxxx = $0 xx x xxxxxx x 6,600)$160 xxxxxxxxxx Overhead Volume xxxxxxxx = Budgeted xxxxxxxx rate x xxxxxxx Machine xxxxx – Budgeted xxxxxxxx hours) = xx 10 x xxxxxx – xxxxxxxxxx 00(U)Fixed Overhead xxxxxxxx Variance = xxxxxx fixed xxxxxxxx xxxxx – xxxxxxxx fixed overhead xxxxx = $12,000 x 12,600-$600(F)2 xx xxxxxxxxxx were xxxxxxxx at 1,800 xxxxxx what would xx the xxxxxx xx the xxxxx budgeted fixed xxx total budgeted xxxxxxxx overhead xxxxx xx the xxxxxxxx budget for…..Purchase this Tutorial @ $7.77 ** – Additional Paypal / Transaction Handling Fee (3.9% of Tutorial price + $0.30) applicableCopyright © 2012-2017 HomeworkMinutes.com RSS Home Contact Us Terms of Use Academic Honesty Policy
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Sherlock company _ Allocation of Joint Costs

Question
Problem VSherlock company processes timber into four products. During January, the joint costs of processing were $280,000. There was no inventory at the beginning of the month. Production and sales value information for the month is as follows (bdft = board foot):
Sales Value at
Product
Board feet
Splitoff Point
Ending Inventory
2 x 4’s
6,000,000
$0.30 per board foot
500,000 bdft.
2 x 6’s
3,000,000
0.40 per board foot
250,000 bdft.
4 x 4’s
2,000,000
0.45 per board foot
100,000 bdft.
Slabs
1,000,000
0.10 per board foot
50,000 bdft.
Required:
Determine the value of ending inventory if the sales value at splitoff method is used for product costing. Record your answers in the Tables below. You do not have to show your work (calculations). Fill-in all of the cells below but not the cells noted with “xxxxxxx.” Round to 3 decimal places when necessary and you can omit $ signs.
Answer:
Product
Board feet
Sales Value
Percent
Joint Cost
Allocated
2 x 4’s
6,000,000
2 x 6’s
3,000,000
4 x 4’s
2,000,000
Slabs
1,000,000
Xxxxxxx
Xxxxxxxx
xxxxxxxxxx
xxxxxxx
xxxxxxxxxx
xxxxxxxxxxx
Totals
Xxxxxxxxx
100%
xxxxxxxxxxx
Product
Fraction of Production in Inventory
Allocated
Inventory value
2 x 4’s
500,000/6,000,000 ×
2 x 6’s
250,000/3,000,000 ×
4 x 4’s
100,000/2,000,000 ×
Slabs
50,000/1,000,000 ×
Xxxxxxxx
xxxxxxxxxxxxxxxxxxxxxxx
xxxxxxxx
xxxxxxxxxxx
Total
xxxxxxxxxxxxxxxxxxxxxxx
xxxxxxxx
Tutorials for this QuestionAvailable for$7.77Sherlock company _ Allocation of Joint CostsTutorial # 00069909Posted On: 06/11/2015 12:24 AMPosted By:Best Tutors for school students, college students ACCOUNTS_GURUExpert tutors with experiences and qualitiesQuestions:814Tutorials:904Feedback Score:47% (15 ratings)Report this Tutorial as InappropriateTutorial Preview…Allocation…Attachments
Sherlock_company___Allocation_of_Joint_Costs.docx (15.65 KB)Preview: foot):Sales xxxxx atProductBoard xxxxxxxxxxxx PointEnding Inventory2 x 4’s6,000,000$0 30 xxx board xxxxxxxxxxx xxxx 2 x 6’s3,000,0000 40 xxx board foot250,000 xxxx 4 x xxxxxxxxxxxxx 45 xxx board foot100,000 xxxx Slabs1,000,0000 10 xxx board xxxxxxxxxx xxxx Required:Determine xxx value of xxxxxx inventory if…..Purchase this Tutorial @ $7.77 ** – Additional Paypal / Transaction Handling Fee (3.9% of Tutorial price + $0.30) applicableCopyright © 2012-2017 HomeworkMinutes.com RSS Home Contact Us Terms of Use Academic Honesty Policy
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Singller Inc. – Variance Analysis

uestion
Problem IPart A –
Singller Inc., budgeted sales of 30,000 units of its product in January, 2016. Budgeted inventory balances are:
January 1 January 31
Finished Goods (units) 6,500 5,600
Required:
What is the expected production in units for January, 2016?
Part B
Pynchon Enterprises expects to make the following sales revenue in the first quarter of the calendar year 2016 as follows:
January February March
Sales $180,000 $135,000 $162,000
25% of the sales are on account (accounts receivable), while the other 75% are for cash. The collection pattern for Pynchon’s accounts receivable follows:
Collections for:
Current month’s credit sales……….. 50%
First month after credit sales………. 30%
Second month after credit sales….. 18%
Uncollectible Accounts Receivable..2%
Required:
How much will the expected cash receipts amount to for the month of March, 2016?
Part C
Poe Corporation had budgeted operating income for 2015 of $6,300,000. The actual operating income was $6,556,000. The flexible-budget operating income was $6,930,000.
Required:
1. Calculate the total static-budget variance.
2. Calculate the total flexible-budget variance.
Tutorials for this QuestionAvailable for$5.88Singller Inc. – Variance AnalysisTutorial # 00069906Posted On: 06/10/2015 11:48 PMPosted By:Best Tutors for school students, college students ACCOUNTS_GURUExpert tutors with experiences and qualitiesQuestions:814Tutorials:904Feedback Score:47% (15 ratings)Report this Tutorial as InappropriateTutorial Preview…-…Attachments
Singller_Inc._-_Variance_Analysis_.docx (14.31 KB)Preview: sales xxxxxxx in xxx first quarter xx the calendar xxxx 2016 xx xxxxxxxxxxxxxxx February xxxxxxxxxx $180,000 $135,000 xxxxxxxxxxx of the xxxxx are xx xxxxxxx (accounts xxxxxxxxxxxx while the xxxxx 75% are xxx cash xxx xxxxxxxxxx pattern xxx Pynchon’s accounts xxxxxxxxxx follows:Collections…..Purchase this Tutorial @ $5.88 ** – Additional Paypal / Transaction Handling Fee (3.9% of Tutorial price + $0.30) applicableCopyright © 2012-2017 HomeworkMinutes.com RSS Home Contact Us Terms of Use Academic Honesty Policy
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UMUC IFSM300 stage 2 Summer 2015

QuestionUMUC IFSM300 stage 2 Summer 2015ISFM-300 Case Study, Stage 2: Technology Solution Proposal
Before you begin this assignment, you will need to complete all week 2 readings and review the UMUC Haircuts Case Study. You may wish to review the “Background for Stage 2″ found on page 3 of the Walmart Example; however, do not copy the format as one is provided Assignment section of this document.
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Purpose of this Assignment
This assignment gives you the opportunity to apply your analysis skills to identify a technology solution that will improve the business process.
This assignment specifically addresses the following course outcomes to enable you to:
· Analyze business processes to identify information systems requirements.
Overview of Business Process Analysis and Functional Requirements for UMUC Haircuts
In Stage 1 of the Case Study, you performed a Five Forces Analysis and identified a strategy for competitive advantage and recommended a business process you felt would help UMUC Haircuts improve their market position. After careful consideration, Myra thinks that the best competitive strategy for her to focus on would be Focused Differentiation has selected that improve through the application of technology.
She has carefully considered the recommended business processes and feels that the process for improvement that will support the Business Strategy and result in the best building blocks, and most benefit would be the Customer and Employee Scheduling.
Strategy for Competitive Advantage: Differentiation
Business Process to Improve: Customer and Employee Scheduling
Business Process Models:
The first step in identifying the work flow process for the proposed business process to improve, and you and Myra have developed these; the attached PDF file, labeled “Stage 2 Process Models”, includes the as-is and to-be work flow.
High-Level Requirements:
In a large company, business and IT would work together to identify the business process and find ways to improve it. They would then develop the high-level requirements, often referred to as business requirements that would form the basisfor evaluating potential solutions. In this case study, you and Myra have already worked together to develop these deliverables, and they are presented as part of this document.
The below high-level requirements establish the scope of the system and represent the baseline requirements for the Customer and Employee Scheduling.
02/08/2015 – for Spring 2015 ISFM-300 Case Study, Stage2 Page 1
ISFM-300 Case Study, Stage 2: Technology Solution Proposal
The system must allow employees to enter their availability and desired days/times to work.The system must allow Myra to review the employee requests and develop a schedule.The system must make the schedule available to employees to review their final work schedule.The system must make the employee schedule available for staff to enter customer appointments.The system must allow Myra and the staff to enter customer appointments.The system must allow customers to log-in and schedule an appointment.The system must keep track of customer appointments, including stylist and service performed.The system must accommodate changes in the employee schedules and customer appointments, and update schedule accordingly.The system must accommodate changes in the customer information stored in the system.The system must provide management reports to Myra showing that include employee workload, number of customers served, customer contact information, busy times/days, etc.Software as a Service (SaaS),
Since UMUC Haircuts is a small business, Myra would like to take advantage of Software as a Service (SaaS), or cloud-based systems, which have already been developed and are maintained and operated by a vendor.
You should conduct research and find a vendor-provided solution that will support the high level requirement. Be sure to consider the cost of the solution as you make your choice, so that your recommended solution will be affordable for Myra.
A list of possible SaaS solutions can be found at http://www.capterra.com/salon-software/.
Social Media
Myra has also asked that you provide some information on how social media could be used by UMUC Haircuts. If your proposed solution already offers this option, you should provide details and citations. If it doesn’t, offer some thoughts on how Myra might use social media to increase customer appointments or build ‘good will’ among her clientele. Be sure to include more than just Facebook and include citations supporting the use of social media for businesses.
02/08/2015 – for Spring 2015 ISFM-300 Case Study, Stage2 Page 2
ISFM-300 Case Study, Stage 2: Technology Solution Proposal
Assignment:
Using the provided outline create a document that includes the following information.
I. Introduction:
· At the top of your paper, show the strategy for competitive advantage and the business process that you will focus on.
Strategy for Competitive Advantage:
Just name the strategy Myra selected
Business Process to Improve:
Just name the business process Myra selected
Technology Solution:
Just name your proposed solution
· Provide a brief introduction, including the background of the case, why you are writing and what is to come in your paper. This should only be 3-5 sentences.
Note:You do not need to label this section as “Introduction” as it is the firstparagraph of your paper.
II. Business Process Explanation:
· Identify and explain the business process in detail. Explain where some of the problems are in the as-is process. Use the numbers on the diagrams to identify specific areas in the processes.
Note:Do not identify the specific IT solution, but discuss how a solutioninvolving some aspect of technology could improve the process to help reach a competitive advantage.
III. Proposed Technology Solution:
· Identify in detail a specific technology solution to improve the business process.
· Using information from your readings, discuss the specific solution, the type of solution it is, and why you chose this solution.
· Identify how each of the high level requirement identified in the overview above are addressed in your proposed IT solution.
Note:Do not discuss how it will improve the specific process yet.
02/08/2015 – for Spring 2015 ISFM-300 Case Study, Stage2 Page 3
ISFM-300 Case Study, Stage 2: Technology Solution Proposal
IV. Social Media:
· Explain the concept of social media and identify some of the different types that are available.
· If your proposed solution supports social media, describe the implementation and make a recommendation on whether Myra should use it.
· If your proposed solution doesn’t support social media, describe the benefits Myra can gain by creating one. Be specific on which type should be used.
V. How the Technology Solution will Improve the Process:
· Explain how the specific technology solution you chose will improve the business process.
· You should discuss how and where they are improved in the to-be process with a technology solution. Use the numbers on the diagrams to identify specific areas in the processes.
VI. Table of Input Process Output (IPO)
Using the below example, create a table in your paper and then, use the to-be process found in the attached “Stage 2 Process Models” to complete the table for each of process steps identified in yellow (green highlights are the system response)that includes:
· Inputs to the process – include specific items of information or data elements (for example, customer name) entered into the system as part of the process step.
· Processing or actions that the system takes (for example, check calendar to let person know if UMUC Haircuts is open at the specified time).
· Outputs of the process – include specific items of information or data elements (for example, appointment date) that the system will display or print out for the user to see.
The responses that you enter into the table for each requirement must be aligned to the specific business process to be improved and the data it uses, and it must be appropriate to the UMUC Haircuts business.
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ISFM-300 Case Study, Stage 2: Technology Solution Proposal
VII. Support for Strategy for Competitive Advantage:
· Use course resources and outside research to explain how your specific proposed solution will support the strategy for competitive advantage identified in Stage 1.
Note:Your references should include more than what the vendor provides.
VIII. References:
· Provide at least one reference in your paper on an area of your choice; this should be a source other than those found in the class, text book, or from the vendor’s web site. In general, the best resources come from reliable sources such as those found in the UMUC Library Database.
· Incorporate a properly formatted APA citation in the text of your document. Then, place an APA style resource on a reference page at the end of your document.
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ISFM-300 Case Study, Stage 2: Technology Solution Proposal
Formatting:
Although you have been provided with an outline, your paper should not include the Roman numerals. You may want to use section headers to make them stand out, refer to the APA standard for guidance. This is an academic paper, similar to what you produce in the business world, and you should be writing it like that.
For academic writing, the writer should write in the third person; this means that the writer avoids pronouns such as: I, we, my, and ours. This method is very helpful for academic writing, a form in which facts, not opinions, and drives the tone of the text to be more objective since it takes the individual, the “self,” out of the writing.
Writing in the third person allows the writer to come across as unbiased and thus more informed.
· Use APA formatted citations and references for any external sources.
· Include a title page, and a reference page.
· Compare your final work to the rubric to be sure you have met content and quality criteria.
· Submit your paper as a Word document, or a document that can be read in Word.
· Your submission should include your last name first in the filename: Lastname_firstname_Stage_2
The “right” and “wrong” answers have to do with whether or not you correctly incorporated the course vocabulary and concepts from the textbook to support your choices, and that you address all parts of the assignment. The specific solution you select for an IT solution is not as important as that it makes sense in light of the course content.
02/08/2015 – for Spring 2015 ISFM-300 Case Study, Stage2 Page 6
ISFM-300 Case Study, Stage 2: Technology Solution Proposal
GRADING RUBRIC:
Criteria
90-100%
80-89%
70-79%
Far Above Standards
Above Standards
Meets Standards
5 Points
4 Points
3 Points
Business process is
Business process is
Business process is
B
identified and explained
identified and explained
identified and explained
a
in detail using course
in detail using course
in terms of how a
t
vocabulary, with a good
vocabulary with a good
technology solution
t
Business Process
explanation of how a
explanation of how a
could improve it using
c
technology solution
technology solution
course vocabulary.
m
Explanation
could improve it with
could improve it.
c
reference used to
a
support explanation;
u
demonstrates
c
understanding of course
a
concepts, analysis,
and/or critical thinking.
14-15 Points
12-13 Points
10-11 Points
Proposed technology
Proposed technology
Proposed technology
P
solution is identified in
solution is identified
solution is identified
s
detail using course
using course vocabulary
using course vocabulary
a
vocabulary, is
and is appropriate to the
and is appropriate to the
a
appropriate to the case
case study and to
case study and to
t
Proposed Technology
study and to improve
improve the process
improve the process
n
Solution
the process identified;
identified; and
identified.
i
strongly demonstrates
demonstrates
i
understanding of course
understanding of course
l
concepts, analysis, and
concepts, analysis, and
o
critical thinking.
critical thinking.
c
c
a
t
13-15 Points
12-13 Points
10-11 Points
A correct, well-
A correct and convincing
An explanation of how
T
Social Media
supported and
explanation of how the
the proposed solution
t
Discussion
convincing explanation
proposed solution will
will improve the process
w
of how the proposed
improve the process is
is provided using course
is
solution will improve the
provided using course
vocabulary and
i
process is provided
vocabulary and
concepts.
w
ISFM-300 Case Study, Stage 2: Technology Solution Proposal
Criteria
90-100%
80-89%
70-79%
Far Above Standards
Above Standards
Meets Standards
using course vocabulary
concepts.
n
and concepts.
v
t
s
14-15 Points
12-13 Points
10-11 Points
A correct, well-
A correct and convincing
An explanation of how
T
supported and
explanation of how the
the proposed solution
t
How the technology
convincing explanation
proposed solution will
will improve the process
w
of how the proposed
improve the process is
is provided using course
is
solution will improve
solution will improve the
provided using course
vocabulary and
i
the process
process is provided
vocabulary and
concepts.
w
using course vocabulary
concepts.
n
and concepts.
v
t
s
14-15 Points
12-13 Points
10-11 Points
All of the IPOs are listed
All of the IPOs are listed
All of the IPOs are listed
M
from the provided workflow
from the provided workflow
from the provided workflow
p
process and demonstrate a
process and demonstrate
process and are designated
b
strong understanding of
an understanding of course
and demonstrate a basic
o
Table of Input Process
course concepts, analysis
concepts, analysis and
understanding of course
c
Output (IPO)
and critical thinking; and
critical thinking; and are
concepts or analysis. May
o
are appropriate for the
appropriate for the business
include some action words.
business in the case study
in the case study and the
and the process.
process. Limited use of
Appropriate use of action
action words.
words for each workflow
step.
02/08/2015 – for Spring 2015 ISFM-300 Case Study, Stage2
ISFM-300 Case Study, Stage 2: Technology Solution Proposal
Criteria
90-100%
80-89%
70-79%
Far Above Standards
Above Standards
Meets Standards
18-20 Points
16-17 Points
14-15 Points
1
A correct, well
A convincing explanation
An explanation is
T
supported and
is provided for how the
provided for how the
t
convincing explanation
proposed solution will
proposed solution will
w
Support for Strategy
is provided for how the
support the Strategy for
support the Strategy for
f
for Competitive
proposed solution will
Competitive Advantage
Competitive Advantage
A
Advantage
support the Strategy for
identified in Stage 1
identified in Stage 1
S
Competitive Advantage
using course concepts
using course concepts
a
identified in Stage 1.
and vocabulary.
and vocabulary.
a
c
c
s
9-10 Points
8 Points
7 Points
6
More than one source
At least one source
At least one source
A
other than the course
other than the course
other than the course
c
material is incorporated
material is incorporated
material is incorporated
u
External Research
and used effectively.
and used effectively.
correctly. Reference is
i
Sources used are
Source(s) used are
cited using APA style.
a
relevant and timely.
relevant and timely.
a
References are
References are
n
appropriately
appropriately
a
incorporated and cited
incorporated and cited
A
using APA style.
using APA style.
a
9-10 Points
8 Points
7 Points
6
Report is very well-
Report reflects effective
Report is organized and
R
organized and is easy to
organization; there may
may have some errors
o
read. Very few or no
be a few errors in
in sentence structure,
c
Report Format
errors demonstrate
sentence structure,
grammar and spelling.
g
correct sentence
grammar, and spelling;
Report is written in third
e
structure, grammar, and
written in third person
person.
n
spelling; written in third
and presented in a
p
person and presented in
professional format.
a professional format.
02/08/2015 – for Spring 2015
ISFM-300 Case Study, Stage2
Tutorials for this QuestionAvailable for$34.00UMUC IFSM300 stage 2 Summer 2015Tutorial # 00070255Posted On: 06/12/2015 11:46 PMPosted By:Best Tutors for school students, college students neil2103Expert tutors with experiences and qualitiesQuestions:9105Tutorials:13229Feedback Score:97% (12625 ratings)Report this Tutorial as InappropriateTutorial Preview…Summer xxxxxxxx…Attachments
IFSm300_stage_2.doc (162 KB)Preview: we xxxx find x technology based xxxxxxxx to the xxxxxxxxx so xxxx xxx store xxxx not lose xxx more customers xx the xxxxxx xxxxxxxx Process xxxxxxxxxxx The current xxxxxxxx process uses xxxxxx checking xx xxx availability xx the stylists xx the basis xx customer xxxxxxxx xxxxx who xxxxxx find the xxxxxxx of their xxxxxx may xxx xxxx back xx the other xxxxx there are xxxxxxxxx when xxx xxxxxxxx do xxx have enough xxxxxxxxxxxx to utilize xxxxx time xx xxx fullest xxxxxx there is x mismatch of xxxxxx and xxxxxx xxx to xxxxxx scheduling of xxx appointments If xxxxx appointments xxx xx mapped xxx redirected to xxx stylists who xxx available, xx xx the xxxxxxxxx can be xxxxxx back once x stylist xx xxxxx the xxxxxxx can be xxxxxxxxx The next xxxxxxx will xxxxxxx x technology xxxxx solution for xxxx issue New xxxxxxx and xxxxxxxx xxxxxxxxxx Solution xxx UMUM Haircuts xxx objective of xxxx exercise xx xx make xxx appointment process xxxx for both, xxxxxxx as xxxx xx employees xxxx the new xxxxxxxx management, Myra xxx store xxxxxx xxxxxxx the xxxxxxxxxx process with xxxxxxx ease This xxxxxxxx checking xxx xxxxxxx of xxxxxxxxx on arrival xx call to xxxxxx out xx xx or xxx is an xxx customer or xxx first xxxxx xxx an xxx customer, the xxxxxx can fetch xxx details xxxx xxxxxxxx the xxxxx This will xxxxxx Myra about xxx details xx xxx preferred xxxxxxxx and other xxxxxxxxxxx of the xxxxxxxx Using xxxxx xxx can xxx up an xxxxxxxxxxx and gets xxxxxx when xxx xxxxxxx is xxxxxxxxx This intranet xxxxxx database can xxxx automatic xxxxx xxxxxxx the xxxxxxxxx stylist and xxx customer The xxxxxx also xxxxx xx easy…..Purchase this Tutorial @ $34.00 ** – Additional Paypal / Transaction Handling Fee (3.9% of Tutorial price + $0.30) applicableCopyright © 2012-2017 HomeworkMinutes.com RSS Home Contact Us Terms of Use Academic Honesty Policy
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