On May 1, Brand Name Industries, Inc. (BNI), sent Carol a letter, via overnight delivery, offering to employ her to audit BNI’s financial statements for the current year for $10,000. In the letter, BNI stated that Carol had ten days to accept. On May 5, Carol sent BNI a fax that stated, “The price for the audit seems too low. Would you consider paying $12,000?” BNI received the fax. The next day, Dan offered to conduct the audit for $8,000.
To evaluate the budget and identify concerns we will use results from years 6 through 8 and compare to year 9. The intent is to identify areas that CBI management will need to review before finalizing. The following budget assumptions are made: * Moderate improvement in the market * No pricing change * Factory overhead $481,798 including $150,000 in depreciation * Year end A/R will be equal to 12% of annual sales based on historical data * AP will be 10% of purchases * Raw materials and work in process inventory not expected to change levels * Selling commissions expected to remain at 3% * Transportation contract $30.00 a unit * Advertising
(Hint: be sure to enter a sentinel value for end of file processing later.) Part B: Using a separate algorithm, use the monthly_Sales.dat file as input to determine the company’s annual profit. Be sure to THINK about the logic and design first (IPO chart and or pseudocode), then code the Visual Logic command line processing. Rubric: When completed staple the following documents together neatly in 1,2,3,4 order: 1) This instruction sheet first 2) The IPO Chart, second 3) The Pseudocode, third 4) The Flowchart and output example last. Point distribution for this application: Annual Profit | Document: | Points possible: | Points received | Part A | 10 | | Part B | 10 | | Total Points | 20 | | IPO Chart A: Input | Processing | Output | | | | Pseudocode: Start Display “Begin writing to file: monthly_Sales.txt Display “Data for 12 months has been written to the monthly_Sales.txt file.” Declare sales = 10000 FOR month From 1 To
In a word processing program, write a brief description/explanation of how you implemented each component of the model. Write 1-2 paragraphs for each component of the model (days-to-repair; interval between breakdowns; lost revenue; putting it together). The amount of revenue lost can be found by looking at how many days it takes to repair, and then multiplying that number by the amount of customers you may have received on a given day multiplied by the amount of copies they produced. The time between breakdowns will tell you how often this occurs, and the sum in weeks is not to exceed 52 (since there are 52 weeks in year. 6.
Why? (3-6 sentences. 2.0 points) Monthly or biweekly budget because if you save like 10 dollars here and there it will eventually build up to alot 6. Describe two financial goals that you would want to meet before you begin investing. Explain why you would want to reach those goals first.
Click “Save as” and save the file with the assignment name and your last name, e.g., “NR361_KSA_Assessment_Form_Smith” When you are finished, submit the completed form to the KSA Assessment Dropbox by the end of Week 1, which is Sunday, 11:59 p.m. MT. Post questions in the Q&A Forum or contact your instructor if you have questions about this assignment, which is worth 50 points. Computer Literacy PriorityA or B or C | KSA | 0 not familiar | 1 beginner | 2 advanced beginner | 3 competent | 4 expert
The paper will not be accepted after the stated deadlines unless I have been notified in advance of the deadline and I approve an extension in writing. c. If a paper is submitted late without prior approval, the instructor reserves the right to 1) not accept the paper and assign a grade of zero, or 2) assess a penalty of 10% per day after the deadline, depending upon the circumstances for the late submission. Assignments that are submitted on the due date but after the assigned time will be penalized accordingly. It is your responsibility to keep up with the readings, the writing assignment, the discussion board postings and the unit exams. C. Format, Length, and
2. 3. 4. Extend the original warranty at internal costs from 10 to 20 years 99% uptime guarantee @no cost Accelerate the release of a new product with higher capacity at 1.25MW and 98.5% efficiency Getting in dialogue with Morgan before doing any changes, in order to persuade Morgan and SED executives to share or re-evaluate the criteria 2 IDENTIFICATION OF KEY PROBLEMS 2.1 LACK IN CUSTOMER INSIGHTS – what is the real perceived value of PVT’s offer? SED was evaluating multiple value propositions and hence will make its choices relative to them.
Introduction “Probability is a numerical measure of the likelihood that an event will occur” (Anderson, Sweeney, & Williams, 2012, p.150). One can calculate the likelihood that an event will occur, giving it a numerical value between zero and one. “A probability near zero indicates an event is unlikely to occur; a probability near 1 indicates an event is almost certain to occur” (Anderson et al., 2012, p.150). Probabilities are used every day to calculate lottery odds, used by businesses to assess risks, and even by families determining the likelihood of being able to afford a family vacation. However probabilities are used, one can make conclusions from the values given.
If the firm decides to use its cash for the notes payable it will then have to obtain financing to maintain the cash balance. The firm may need to renegotiate its notes payable and obtain additional financing to maintain the minimum cash balance of $15,000. 5-1A (Compound Interest) To what amount will the following investments accumulate? a. $5,000 invested for 10 years at 10 percent compounded annually rate (i)= 10% number of periods (n) = 10 Payment (PMT) = $0 present value (PV) = $5,000 type (0 at end of = period) = 0 Future value (FV) =