Project

For this final piece of your project, you will identify how you would evaluate the effectiveness of the marketing plan. Keep in mind that to do an evaluation, you would need to collect data on the target market and the competition

 

Quantitative Data Collection Methods

 

  • Quantitative Surveys
  • Interviews
  • Quantitative Observation
  • Experiments

 

Qualitative Data Collection Methods

 

  • Face-to-Face Personal Interviews
  • Qualitative Surveys (paper or web-based questionnaires)
  • Focus Groups
  • Documental Revision
  • Observation
  • Longitudinal Studies
  • Case Studies

1. Identify how you could evaluate the effectiveness of the marketing plan. Keep in mind that you need to collect data on the target market and the competition.

2. Identify two specific quantitative data collection tools (quantitative data comes in the form of numbers) you should use and explain how they can help you evaluate the marketing plan. Use the spaces below to write one paragraph for each collection tool.

3.

4. Identify two specific qualitative data collection tools (qualitative data comes in the form of words and sentences) you should use and explain how they can help you evaluate the marketing plan. Use the spaces below to write one paragraph for each collection tool.

5.

 
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Job Order Costing Project Accounting 2302

You work for Thunderduck Custom Tables Inc.  This is the first month of operations. The company designs and manufactures specialty tables. Each table is specially customized for the customer. This month, you have been asked to develop and manufacture two new tables for customers.  You will design and build the tables. This is a no nail, no screw, and no glue manufacturing ( no indirect materials used).

You will be keeping track of the costs incurred to manufacture the tables using Job #1 Cost Sheet and Job #2 Cost Sheet. The cost of the direct materials that can be used to manufacture the table are as follows. These cost are on a per unit basis.

Table Top $2,300.00   Table Leg    $800.00   Drawer    $430.00

The company uses a job order costing system and applies manufacturing overhead to jobs based on direct labor hours.

The company estimates that there will be 12 direct labor hours worked during the month.       The estimated manufacturing overhead cost for the month is:   a.Factory supervisor salary per month $4,000.00  b.Rent for the factory per month    $800.00  c.Depreciation of factory equipment per month    $600.00   Total Estimated manufacturing overhead $5,400.00       What is the predetermined manufacturing overhead rate?     Step 2The first order you received was to manufacture a table using a table top and four legs. This is your Job #1. Step 3The customer that has ordered Job #2, wants a table that is the same as Job #1, but wants to also add a drawer to the table. Step  4The following is a list of transactions that need to be recorded for the company for activity in the month of December. Record those in the “General Journal” tab of the excel file using the proper format. Please use the following accounts: Accounts Receivables, Raw materials, Work in process, Finished goods, Accumulated depreciation, Accounts payable, Salaries and wages payable, Sales revenue, Manufacturing overhead, Cost of goods sold, Salaries and wages expense, Advertising expenses, and Depreciation expense.1-DecRaw Materials purchased on account, $23,000.5-DecAll Raw Materials needed for Job #1 were requisitioned from the material storage for use during the month. Assume all materials are direct. (After you journalize this entry please enter the information into Job #1 Cost Sheet)10-DecThe following employee costs were incurred but not paid during the month: There are three assembly employees that spend 2 hours each, $25 per hour to make the table for Job #1. (After you journalize this entry please enter the information into Job #1 Cost Sheet)Salary for supervisor of the factory $4,500.Administrative Salary $2,000.15-DecAll Raw Materials needed for Job #2 were requisitioned from the material storage for use during the month. Assume all materials are direct. (After you journalize this entry please enter the information into Job #2 Cost Sheet)16-DecRent for the month of December for the factory building incurred but not paid $800.17-DecAdvertising costs incurred but not paid for the month was $1,400.20-DecDepreciation for the month of December was recorded on equipment was $750 ($150 for equipment used in the factory and the remainder for equipment used in selling and administrative activities).22-DecManufacturing overhead cost was applied based on direct labor hours to Job #1 based on the POHR determined on the “Job Cost Sheet”.  (After you journalize this entry please enter the information into Job #1 Cost Sheet)26-DecJob #1 was completed and transferred to Finished Goods during the month.28-DecThe completed table from Job #1 was sold on account to the customer for $28,000 during the month.  (Hint:  Make sure to account for the cost of the table that was sold using the cost from the job cost sheet.)31-DecDirect labor cost incurred but not paid for three employees to start manufacturing Job #2.  The employees only worked one hour each, three hours total, $25 per hour during the month and they did not complete their work on the job. (After you journalize this entry please enter the information into Job #2 Cost Sheet)31-DecManufacturing overhead cost was applied based on direct labor hours to Job #2 based on the POHR.  Only three direct labor hours were worked on Job #2 during the month. (After you journalize this entry please enter the information into Job #2 Cost Sheet)31-DecAny underapplied or overapplied overhead for the month was closed out to Cost of Goods Sold.Step 5Post the journal entries that you recorded on the “General Journal” tab to the “T-accounts” tab.  This is the company’s first month of business, so there will not be any beginning balances. Compute the balance for each T-account after all of the entries have been posted.Step 6Prepare a Schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold on the “Schedule of COGM and COGS” tab for Job #1 and Job #2 that were worked on during the month by the company.  Make sure to follow the format noted in your book (pg. 109). (Hint: This is the company’s first month of operations and therefore the beginning balances will be zero.)Step 7Prepare an Income Statement for the month using the Traditional Format on the “Income Statement” tab.  Step 8Answer the additional questions below      Check Figure: Cost of Goods Manufactured= $8,350, Net operating income=$14,250       What is the ending balance for raw materials? What is the ending balance for work in process? What is the ending balance for finished goods? What is the actual manufacturing overhead cost incurred during December before adjustment? What is the total applied manufacturing overhead cost during December before adjustment? What is the unadjusted cost of goods sold? Was the manufacturing overhead for the month of December overapplied/underapplied ? What is the amount of Manufacturing overhead overapplied/underapplied? What is the adjusted cost of goods sold? What is gross margin? What is the total prime cost for Job#1? What is the total conversion cost for job #1? What is the total product cost for job#1? What was the period cost incurred for the month of December?   What is the total variable cost incurred for Job #1(assume that all selling and administrative cost and all manufacturing overhead costs are fixed.)? What is the contribution margin for Job #1 (assume that all selling and administrative cost and all manufacturing overhead costs are fixed.)? What would be the actual (not applied) total fixed manufacturing overhead cost incurred for the company for the month if the order in Job #1 is for five tables instead of one table assuming this cost is with in the relevant range?

 
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Time Value Of Money Applications

Why is it important to understand the concepts of inflation, present  value, and future value of money as Saudi Arabia moves towards Saudi  Vision 2030? What are some of the important terms and concepts that  managers must understand in making decisions in today’s global  environment? How will these factors affect Saudi Vision 2030?

Search the Internet for an academic or  industry-related article. Select an article that relates to these  concepts and explain how it relates to doing business in Saudi Arabia.

For your discussion post, your first step is to summarize the  article in two paragraphs, describing what you think are the most  important points made by the authors (remember to use citations where  appropriate). For the second step, include the reference listing with a  hyperlink to the article. Do not copy the article into your post and  limit your summary to two paragraphs. Let your instructor know if you  have any questions and enjoy your search.

You are required to reply to at least two peer discussion question  post answers to this weekly discussion question and/or your instructor’s  response to your posting. These post replies need to be substantial and  constructive in nature. They should add to the content of the post and  evaluate/analyze that post answer. Normal course dialogue doesn’t  fulfill these two peer replies but is expected throughout the course.  Answering all course questions is also required.

 

Required

 
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ACCOUNTING FINAL PAPER & PPT

Now that you have their financial information I would like you to perform a ratio analysis on the financial statements. Focus on the financial statement analysis chapter (PDF) you are reading this week. You will want to compute ratios for your company for the last two years. Do not compute each ratio you learned about for your company. There may be some that are not relevant. Rather focus on those eight ratios that you feel are the most important and relevant to analyze how your company is doing. Make sure to justify the ratios that you choose for your analysis. Compare how your company has done to the industry averages. Do you notice any trends that are positive or negative? Does anything look good or bad that is notable? Do you have any suggestions on things they could be doing to improve these ratios? Please analyze what you found for each of the eight ratios. Then organize your findings into a 15 minute presentation. Be sure to include some background on your company in your presentation.Submission Details:

  • 15 minute presentation
  • Please use PowerPoint for your presentation.
 
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Accounting- Assets

Description

In this course, the case analysis is used to enable you to apply concepts, share ideas, and improve communication skills. Through case analysis, you will discover for yourself the usefulness of concepts, how to apply them in practice, and their benefit to organizational decision-makers.

The best way for you to prepare for the Final Exam case question is to complete these Case Analyses. Effective analysis consists of quantitative and qualitative analysis in order to provide a well-rounded solution.

In order to complete your case analysis successfully, you must

·        identify the role you are playing;

·        assess the financial reporting landscape, considering the user needs, constraints, and business environment;

·        identify the issues;

·        analyze the issues (qualitatively and quantitatively); and

·        provide a recommendation and conclusion.

 

Rosetta Inc. (Financial Accounting Cases textbook, pp. 102-104)

 

  Activity/Competencies Demonstrated % of Final Grade
1. Identification and Analysis of Issues (80%)  
  a. Issue #1: Licensing Agreement with MICA /30
  b. Issue #2: Sales Agreement with Ferrous /25
  c. Issue #3: Sales Agreement with Mega Mart /25
2. Recommendation (10%)  
  a. Provides appropriate recommendation given the case facts and analysis completed /10
3. Attention to Detail (10%)  
  a. Spelling, grammar, and formatting /10
Total /100
 
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Shareholder Analysis

Assignment Content

  1. Continue your work with the company you selected in Wk 2.

    Research your company’s financial reports for 2017.

    Complete a 2- to 3-page FAQ/Shareholder Analysis.

    Evaluate economic conditions that influence company performance. Consider political, environmental, currency (money), global economics, and government influences on economic conditions.

    Compare market conditions with the company’s performance for 2017. Conclude how the market conditions that year influenced the company’s performance, such as interest rates, Federal Reserve Bank monetary policy changes, or other market conditions relevant to the company you selected.

    Analyze year-over-year performance from 2016 and 2017. Consider key metrics or ratios such as trailing PE ratio, forward PE ratio, price to book, return on assets, and return on equity in your conclusions.

    Cite references to support your assignment.

    Format your citations according to APA guidelines.

    Submit your assignment.

 
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Final

Part 2

Many companies use leases to acquire higher priced assets. Leasing is an important activity for many entities. Presently some leases are capitalized, and some are treated as operating leases. Opponents of this method criticize the accounting treatment because the present models do not meet the needs of users of financial statements; they do not always provide a faithful representation of leasing transactions. One reason is that operating leases are not capitalized. The International Accounting Board has issued a Proposed Accounting Standards Update (Revised) (Links to an external site.) (Topic 842) which proposes significate changes to lease accounting.

Write a five- to seven-page paper, formatted according to APA style as outlined in the Ashford Writing Center (Links to an external site.). Your paper should cite five of the research links below and include an in-text citation, and a quote from the article. Section heading titles should be centered and in bold.

The links below may be used for your research. If you would like to curate your own resources, you may do so.

In your paper,

  • Identify the present rules for evaluating a lease and whether it is capitalized or not.
  • Summarize the new lease accounting rules.
  • Distinguish the effect these new rules have on the balance sheet, income statement, and cash flow statement.
  • Differentiate what industries would be affected more than others.
  • Compare the proposed new Type A and B leases.
  • Summarize the effects the Proposed Lease Standards would have on the following: presentation on the financial statements; how assets and liabilities would be computed; the effect to lease expense due to “front-loading;” interest charges; year-end reporting; financial disclosure notes; and income taxes.
  • Interpret the present rules for evaluating a lease and whether it is capitalized or not.

Include an introduction and a conclusion in your evaluation.

The Leasing Final Paper

  • Must be five to seven double-spaced pages in length (not including title and references pages) and formatted according to APA style as outlined in the Ashford Writing Center’s APA Style (Links to an external site.)
  • Must include a separate title page with the following:
  • Title of paper
  • Student’s name
  • Course name and number
  • Instructor’s name
  • Date submitted
 
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Homework

THE FASB CODIFICATION AND AICPA RESEARCH DISCUSSION

Refer to the obsolete standards, FAS 162 and or 168 (the hierarchy of accounting information). Find the topic/subtopic in the Codification for these obsolete FAS (Use the Cross Reference Tab at the top) and discuss why this hierarchy is important, and how can it be applied to conducting research?

Please make sure you complete your research on FAS162 by relating this to the updated topic/subtopic in the Codification. How is the hierarchy incorporated into the Codification?

In the AICPA’s website (Links to an external site.) (www.aicpa.org), find a recent news article from a professional cite. Describe the article’s impact on accounting research to the class.

Remember to use proper APA references and citations in all of your work.

 
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The Recreation and Wellness Intranet Project.

Tony Prince and his team are working on the Recreation and Wellness Intranet Project. They have been asked to refine the existing cost estimate for the project so they can evaluate supplier bids and have a solid cost baseline for evaluating project performance. Recall that your schedule and cost goals are to complete the project in six months for under $200,000.

Tasks

1. Prepare and print a one-page cost model for this project using spreadsheet software. Use the following WBS, and be sure to document your assumptions in preparing the cost model. Assume a labor rate of $100/hour for the project manager and $60/hour for other project team members. Assume that none of the work is outsourced, labor costs for users are not included, and there are no additional hardware costs. The total estimate should be $200,000.

1. Project management

2. Requirements definition

3. Web site design

3.1 Registration for recreational programs

3.2 Registration for classes and programs

3.3 Tracking system

3.4 Incentive system

4. Web site development

4.1 Registration for recreational programs

4.2 Registration for classes and programs

4.3 Tracking system

4.4 Incentive system

5. Testing

6. Training, rollout, and support

2. Using the cost model you created in Task 1, prepare a cost baseline by allocating the costs by WBS for each month of the project.

3. Assume that you have completed three months of the project. The BAC was $200,000 for this six-month project. You can also make the following assumptions:

PV = $120,000

EV = $100,000

AC = $90,000

a. What is the cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) for the project?

b. How is the project doing? Is it ahead of schedule or behind schedule? Is it under budget or over budget?

c. Use the CPI to calculate the estimate at completion (EAC) for this project. Is the project performing better or worse than planned?

d. Use the SPI to estimate how long it will take to finish this project.

e. Sketch an earned value chart using the preceding information.

 
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