Write up a brief country profile detailing key features of the country economically, historically and politically about EGYPT ?

Busn 278 Week 7 Papa Geo S Restaurant Budget Proposal For 2012 2017 college essay help service

Busn 278 Week 7 Papa Geo S Restaurant Budget Proposal For 2012 2017

Busn 278 Week 6 Budgeting And Forecasting Template Instructions college essay help service

Write up a brief country profile detailing key features of the country economically, historically and politically about EGYPT ?

BUSN 278 Week 6

BUSN-278 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.

Busn 278 Project Week 2 Papa Geo S Restaurant Budget Proposal For 2012 2017 college essay help service

Busn 278 Project Week 2 Papa Geo S Restaurant Budget Proposal For 2012 2017

Busn 278 Week 1 100 All Answers Instructor S Explanations Question college essay help service

BUSN 278 week 1

100% All correct answers + Instructor’s explanations

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

an organization

a department

a product

All of the above

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

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

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

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

Busn 278 Week 3 100 All Answers Instructor S Explanations 1 Question college essay help service

BUSN 278 Week 3

100% All correct answers + Instructor’s explanations

1. Question : (TCO 4) Marketing expenses commonly increase in proportion to

number of customer orders.

number of products.

sales dollars.

both a & b.

2. Question : (TCO 4) Which of the following statements regarding the risk associated with R&D activities is correct?

The amount of time between the R&D activity and the cash flows from the project does not affect risk.

Greater risk is associated with improving existing products than creating new products.

Risk increases as the time between the R&D activity and the cash flows from the project increases.

Assessing risk is a trivial part of research and development.

3. Question : (TCO 4) The most significant expense incurred in the nonmanufacturing functions of a business is usually

advertising.

salaries.

rent.

insurance.

4. Question : (TCO 4) Capital expenditures that meet the needs of the manager’s division are called

special capital expenditures.

routine capital expenditures.

normal capital expenditures.

standard capital expenditures.

5. Question : (TCO 4) Which of the following is not a capital expenditure?

Improving quality

Purchasing inventory

Marketing a new product

Replacing equipment

Busn 278 Cash Collections Are The Amount Of Money A Business college essay help service

BUSN 278

Cash collections are the amount of money a business receives from customers and debtors. Customers may make cash or check payments when a business sales its goods or services…………….

A company creates accounts receivable when its sells goods on account. This allows a customer a short period of time to pay his outstanding bill, such as 15 or 30 days………………….

Busn 278 Week 7 Powerpoint Papa Geo S Italian Restaurant Budget college essay help service

BUSN 278 Week 7 PowerPoint

Papa Geo’s Italian Restaurant

Budget Proposal Document

December, 2012

Busn 278 100 All Answers 1 Tco 9 A Variable Cost Is That Points college essay help service

BUSN 278

100% All correct answers!!

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

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

Busn 278 Week 6 100 All Answers Instructor S Explanations 1 Question college essay help service

BUSN 278 Week 6

100% All correct answers + Instructor’s explanations

1. Question : (TCO 9) Which of the following is a variable cost?

Direct materials

Depreciation

Lease charge

Property taxes

2. Question : (TCO 9) A flexible budget

is prepared when management cannot agree on objectives for the company.

projects budget data for various levels of activity.

is only useful in controlling fixed costs.

cannot be used for evaluation purposes because budgeted data are adjusted to reflect actual results.

3. Question : (TCO 9) The Chambers 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 variable cost per machine hour using the high-low method to estimate the cost equation?

$2.78

$2.86

$3.10

$3.38

4. Question : (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 price variance for the two products?

$1,000 Favorable

$2,210 Favorable

$1,000 Unfavorable

$2,210 Unfavorable

5. Question : (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?

$15,000 Favorable

$17,500 Favorable

$15,000 Unfavorable

$17,500 Unfavorable

Busn 278 Week 7 Budgeting And Forecasting Template Instructions college essay help service

BUSN 278 Week 7

BUSN-278 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.

Busn 278 Budget Proposal Week 5 Budgeting And Forecasting Template college essay help service

BUSN 278 Budget Proposal Week 5

BUSN-278 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.

Busn 278 Project Week 5 Papa Geo S Restaurant Budget Proposal For 2012 2017 college essay help service

Busn 278 Project Week 5 Papa Geo S Restaurant Budget Proposal For 2012 2017

Busn 278 Week 8 Final Exam Page 1 Tco The Type Of Budget That college essay help service

BUSN 278 – Week 8 : – Final Exam

Page 1

1. (TCO 1) The type of budget that is prepared for the expected capacity level only is called a _______. (Points : 5)

static budget.

flexible budget.

continuous budget.

master budget.

2. (TCO 2) Which of the following is not a quantitative forecasting method? (Points : 5)

Moving average model

Classical decomposition

Delphi method

Simple regression

3. (TCO 3) Which of the following statements regarding the t-statistic is true? (Points : 5)

The t-statistic cannot be negative.

The t-statistic measures how many standard errors the coefficient is away from the independent variable.

The higher the t-value, the more confidence we have in the coefficient.

Low t-values indicate high reliability.

4. (TCO 4) Marketing expenses typically increase in proportion to ________. (Points : 5)

number of customer orders.

advertising dollars.

sales dollars.

salespersons’ salaries.

5. (TCO 5) Which of the following is not true of the decision packages used in zero-base budgeting? (Points : 5)

Decision packages should include alternative methods of performing the activity.

Decision packages may cross functional and organizational lines.

Decision packages can be either mutually exclusive or incremental.

Decision packages may cover either short-term or long-term periods.

6. (TCO 6) When using the payback period technique, the payback period is expressed in terms of _______. (Points : 5)

a percent.

dollars.

years.

months.

7. (TCO 6) The accounting rate of return method is based on ___________ (Points : 5)

income data.

the time value of money data.

market values.

cash flow data.

8. (TCO 6) A company projects annual cash inflows of $90,000 each year for the next five years if it invests $450,000 in new equipment. The equipment has a five-year life and an estimated salvage value of $150,000. What is the accounting rate of return on this investment? (Points : 5)

6.7%

13.3%

20%

33.3%

9. (TCO 6) If an asset costs $210,000 and is expected to have a $30,000 salvage value at the end of its ten-year life, and generates annual net cash inflows of $30,000 each year, the payback period is _____. (Points : 5)

5 years

6 years

7 years

8 years

10. (TCO 6) Selma Inc. is comparing several alternative capital budgeting projects as shown below:

Projects A B C

Initial Investment $40,000 $60,000 $80,000

Present value of cash inflows $60,000 $55,000 $100,000

Using the profitability index, rank the projects, starting with the most attractive. (Points : 5)

A, C, B.

A, B, C.

C, A, B.

C, B, A.

11. (TCO 6) A company has a minimum required rate of return of 10%. It is considering investing in a project that costs $210,000 and is expected to generate cash inflows of $85,000 at the end of each year for four years. The approximate net present value of this project is _______. (Points : 5)

$59,442

$1,387

$65,375

$5,161

12. (TCO 7) Which of the following is not an operating budget? (Points : 5)

Selling and administrative expense budget

Direct materials budget

Pro forma balance sheet

Pro forma income statement

13. (TCO 7) Sargent.Com plans to sell 2,000 purple lawn chairs during May, 1,900 in June, and 2,000 during July. The company keeps 15% of the next month’s sales as ending inventory. How many units should Sargent.Com produce during June? (Points : 5)

1,915

2,200

1,885

Not enough information to determine.

14. (TCO 8) Which of the following is not a cause of profit variance? (Points : 5)

Changes in sales price

Changes in sales mix

Changes in sales volume

All of the above are causes of profit variance

15. (TCO 9) A static budget is appropriate for __________ (Points : 5)

variable overhead costs.

direct materials costs.

fixed overhead costs.

none of these.

16. (TCO 9) If costs are not responsive to changes in activity level, how are they best described? (Points : 5)

Mixed

Flexible

Variable

Fixed

17. (TCO 9) Using the high-low method, what is the unit variable cost for the following information?

Month Miles Total Cost

January 80,000 $96,000

February 50,000 $80,000

March 70,000 $94,000

April 90,000 $130,000

(Points : 5)

$1.44

$1.25

$1.60

$1.50.

18. (TCO 10) What do you call a budget report that is prepared to report on unusual events that require immediate attention? (Points : 5)

Advance report

Special report

Unique report

Progress report

1. (TCO 7) The first step in creating the master budget is the sales budget. Describe this budget and the information it includes. Why is the accuracy of the sales budget important?

2. (TCO 9) Distinguish between fixed budgets and flexible budgets. When are each an appropriate means of evaluating a manager’s performance and why? (Points : 20)

3. (TCO 6) Tom Bat became a baseball enthusiast at a very early age. All of his baseball experience has provided him valuable knowledge of the sport, and he is thinking about going into the batting cage business. He estimates that the construction of a state-of-the-art building and the purchase of necessary equipment will cost $630,000. Both the facility and the equipment will be depreciated over 12 years using the straight-line method and are expected to have zero salvage values. His required rate of return is 10%. Estimated annual net income and cash flows are $49,000 and $101,500, respectively.

For this investment, calculate:

Part (a) The net present value.

Part (b) The internal rate of return.

Part (c) The payback period. (Points : 30)

4. (TCO 7) Roswell Company has budgeted sales revenue as follows for the next 4 months as follows:

February $150,000

March $120,000

April $105,000

May $165,000

Past experience indicates that 80% of sales each month are on credit and that collection of credit sales occurs as follows: 60% in the month of sale, 35% in the month following the sale, and 3% in the second month following the sale. The other 2% is uncollectible.

Prepare a schedule which shows expected cash receipts from sales for the month of May. (Points : 30)

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

Product Budgeted Sales Actual Sales

A 35,300 units at $2.00 per unit 32,700 units at $2.60 per unit

B 27,900 units at $5.00 per unit 29,200 units at $4.70 per unit

Part (a) Calculate the sales volume variance.

Part (b) Calculate the sales price variance.

Part (c) Calculate the total sales variance. (Points : 30)

6. (TCO 9) Herbart Company gathered the following information on power costs and factory machine usage for the last six months:

Power Cost Factory Machine Hours

January $24,400 13,900

February 30,300 17,600

March 29,000 16,800

April 22,340 13,200

May 19,900 11,600

June 14,900 6,600

Using the high-low method of analyzing costs, answer the following questions and show computations to support your answers.

Part (a) What is the estimated variable portion of power costs per factory machine hour?

Part (b) What is the estimated fixed power cost each month?

Part (c) If it is estimated that 10,000 factory machine hours will be run in July, what is the expected

total power cost for July? (Points : 30)

Busn 278 Midterm Exam 100 All Answers Instructor S Explanations college essay help service

BUSN 278 Midterm Exam

100% All correct answers + Instructor’s explanations

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

Division managers

Department heads

Supervisors

All of these

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.

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.

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.

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

Top-down budgeting

Bottom-up budgeting

Zero-base budgeting

Participative budgeting

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.

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) 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.

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?

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?

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.

Busn 278 Project Week 1 Papa Geo S Restaurant Budget Proposal For 2012 2017 college essay help service

Busn 278 Project Week 1 Papa Geo S Restaurant Budget Proposal For 2012 2017