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Explain how the Internet might help lead to legal, identical prices set by firms in an industry.

Question: Explain how the Internet might help lead to legal, identical prices set by firms in an industry.Explain how the Internet might help lead to legal, identical prices set by firms in an industry.
There is very good impact of internet in market structure.The new technology of internet affects the demand and cost structures both.Any product prices that are set by the firms are the…View the full answer

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Busn 278 Week 2 Budgeting And Forecasting Template Instructions college essay help service

BUSN 278 Week 2 Budgeting and Forecasting

Template Instructions

Use this spreadsheet structure to lay out the various sections of your project.

The purpose of this spreadsheet is to make it easy for your professor to locate the

various sections of your project. Please don’t alter the Worksheet Tabs or titles.

After you finish your calculations in this spreadsheet, you will have to

create a written report where you take screenshots from this spreadsheet

and put them in the Budget Proposal Template, along with necessary

explanations. Detailed instructions for how to write the report

are found in the Budget Proposal Template, a word document.

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Explain how the Internet might help lead to legal, identical prices set by firms in an industry.

BUSN 278 Week 1 ***Grade A+ tutorial***

Papa Geo’s – Restaurant

Budget Proposal

For

2012 – 2017

BUSN-278

Fall Semester

Professor

DeVry University

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Papa Geo’s – Restaurant

Budget Proposal

For

2012 – 2017

BUSN-278

Fall Semester

Professor

DeVry University

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Papa Geo’s – Restaurant

Budget Proposal

For

2012 – 2017

BUSN-278

Fall Semester

Professor

DeVry University

Busn 278 Midterm Exam 100 All Answers 1 Question Tco It Is Important college essay help service

BUSN 278 Midterm Exam ***100% All correct answers***

1. Question : (TCO 1) It is important that budgets be accepted by:

Division managers

Department heads

Supervisors

All of these

Points Received: 5 of 5

Comments:

2. Question : (TCO 2) The qualitative forecasting method that individually questions a panel of experts is ________________

executive opinions.

sales force polling.

the Delphi method.

consumer surveys.

Points Received: 5 of 5

Comments:

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

correlation coefficient.

coefficient of determination.

standard error of the estimate.

t-statistic.

Points Received: 5 of 5

Comments:

4. Question : (TCO 4) Which of the following statements regarding research and development is incorrect?

R&D should be greater in high-technology divisions.

R&D should focus on the current products.

R&D should be consistent with the department’s goals.

A critical aspect of R&D is assessing risk.

Points Received: 5 of 5

Comments:

5. Question : (TCO 5) Priority budgeting that ranks activities is known as:

Top-down budgeting

Bottom-up budgeting

Zero-base budgeting

Participative budgeting

Points Received: 5 of 5

Comments:

6. Question : (TCO 6) Which of the following is a disadvantage of the payback technique?

It is difficult to calculate.

It relies on the time value of money.

It can only be calculated when there are equal annual net cash flows.

It ignores the expected profitability of a project.

Points Received: 5 of 5

Comments:

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.

Points Received: 20 of 20

Comments:

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.

Points Received: 20 of 20

Comments:

9. Question : (TCO 2) Use the table “Manufacturing Capacity Utilization” to answer the questions below.

Manufacturing Capacity Utilization

In Percentages

Day Utilization Day Utilization

1 82.5 9 78.8

2 81.3 10 78.7

3 81.3 11 78.4

4 79.0 12 80.0

5 76.6 13 80.7

6 78.0 14 80.7

7 78.4 15 80.8

8 78.0

Part (a) What is the project manufacturing capacity utilization for Day 16 using a three day moving average?

Part (b) What is the project manufacturing capacity utilization for Day 16 using a six day moving average?

Part (c) Use the mean absolute deviation (MAD) and mean square error (MSE) to determine which average provides the better forecast.

Points Received: 30 of 30

Comments:

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

Food and Beverage Sales for Luigi’s Italian Restaurant

($000s)

Month First Year Second Year

January 218 237

February 212 215

March 209 223

April 251 174

May 256 174

June 216 135

July 131 142

August 137 145

September 99 110

October 117 117

November 137 151

December 213 208

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

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

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

Points Received: 30 of 30

Comments:

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

Project A Project B

Initial Investment $800,000 $650,000

Annual Net Income $50,000 45,000

Annual Cash Inflow $220,000 $200,000

Salvage Value $0 $0

Estimated Useful Life 5 years 4 years

The company requires a 10% 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?

Points Received: 30 of 30

Comments:

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.

Points Received: 30 of 30

Comments:

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BUSN 278 Week 7 ***Grade A+ tutorial***

Papa Geo’s – Restaurant

Budget Proposal

For

2012 – 2017

BUSN-278

Fall Semester

Professor

DeVry University

Busn 278 Week 4 Budgeting And Forecasting Grade A Tutorial Template college essay help service

BUSN 278 Week 4 Budgeting and Forecasting ***Grade A+ tutorial***

Template Instructions

Use this spreadsheet structure to lay out the various sections of your project.

The purpose of this spreadsheet is to make it easy for your professor to locate the

various sections of your project. Please don’t alter the Worksheet Tabs or titles.

After you finish your calculations in this spreadsheet, you will have to

create a written report where you take screenshots from this spreadsheet

and put them in the Budget Proposal Template, along with necessary

explanations. Detailed instructions for how to write the report

are found in the Budget Proposal Template, a word document.

Busn 278 Week 1 Homework 100 All Answers Question Tco Budgets college essay help service

BUSN 278 Week 1 Homework ***100% All correct answers***

1. Question : (TCO 1) Budgets are prepared for:

an organization

a department

a product

All of the above

Points Received: 4 of 4

Comments:

2. Question : (TCO 2) Using the table “Paint Sales Time Series”, calculate the forecast for paint sales (in thousands) for Week 11 using a three day moving average.

Paint Sales Time Series

Week Sales (000’s of gallons)

1 6

2 8

3 10

4 9

5 11

6 12

7 10

8 8

9 7

10 9

8

9

10

11

Points Received: 4 of 4

Comments:

3. Question : (TCO 2) Using the table “Paint Sales Time Series”, calculate the mean absolute deviation for a three day moving average.

Paint Sales Time Series

Week Sales (000’s of gallons)

1 6

2 8

3 10

4 9

5 11

6 12

7 10

8 8

9 7

10 9

2.67

1.76

2.54

3.67

Points Received: 4 of 4

Comments:

4. Question : (TCO 2) Using the table “Computer Sales Time Series”, calculate the forecast for computer sales (in thousands) for Week 13 using a three day weighted moving average. Use a weight of .40 for the most recent observation, .35 for the second most recent, and .25 for the third most recent.

Computer Sales Time Series

Week Sales (in thousands)

1 2

2 4

3 5

4 3

5 6

6 7

7 5

8 8

9 4

10 2

11 3

12 5

2.90

3.55

4.10

5.65

Points Received: 4 of 4

Comments:

5. Question : (TCO 2) Using the table “Computer Sales Time Series”, calculate the forecast for computer sales (in thousands) for Week 13 using exponential smoothing and a smoothing constant of .25.

Computer Sales Time Series

Week Sales (in thousands)

1 2

2 4

3 5

4 3

5 6

6 7

7 5

8 8

9 4

10 2

11 3

12 5

3.79

4.27

5.15

5.53

Points Received: 4 of 4

Comments:

Busn 278 1 Tco 9 A Variable Cost Is That Points 4 Remains The college essay help service

BUSN 278

1. (TCO 9) A variable cost is a cost that (Points : 4)

remains the same despite changes in the level of activity.

occurs at various times during the year.

varies in total in proportion to changes in the level of activity.

may or may not be incurred, depending on management’s discretion.

2. (TCO 9) Which one of the following would be the same total amount on a flexible budget and a static budget if the activity level is different for the two types of budgets? (Points : 4)

Direct materials cost

Direct labor cost

Variable manufacturing overhead

Fixed manufacturing overhead

3. (TCO 9) The Wiscow Manufacturing Company recorded overhead costs of $14,182 at an activity level of 4,200 machine hours and $8,748 at 2,300 machine hours. The records also indicated that overhead of $9,730 was incurred at 2,600 machine hours. What is the total estimated cost for 2,600 machine hours using the high-low method to estimate the cost equation? (Points : 4)

$9,730

$9,606

$9,106

$8,788

4. (TCO 8) Southern Company’s budgeted and actual sales for 2009 were:

Product Budgeted Sales Actual Sales

X 20,000 units at $5.00 per unit 17,500 units at $5.30 per unit

Y 35,000 units at $9.00 per unit 37,300 units at $8.80 per unit

What is the sales volume variance for the two products? (Points : 4)

$6,990 Favorable

$8,200 Favorable

$6,990 Unfavorable

$8,200 Unfavorable

20000×5 = 100,000 17500×5 = 87500 12500

315000 335700 20700

5. (TCO 8) Southern Company manufactures Product X. The standard cost of one unit of output is $12.00 (four pieces at $3.00 per piece). During the first quarter, 5,000 units were made, at an actual cost of $10.50 per unit (three pieces at $3.50 per piece). What is the material quantity variance? (Points : 4)

$15,000 Favorable

$17,500 Favorable

$15,000 Unfavorable

$17,500 Unfavorable

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Papa Geo’s Italian Restaurant

Budget Proposal Document

December, 2014

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My week 1 assignment is on the attachment and week 2 and week 3 needs to follow the rubrics for it. Section 2.0 Sales Forecast (Draft) and Section 3.0 Capital Expenditure Budget (Draft) needs to be answered.

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