Sunday, 22 April 2018

BIOS 350 Week 5 Midterm exam 2016


BIOS 350 Week 5 Midterm exam 2016

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 1. (TCO 5) Excel's multiple worksheet abilities can do all of the following EXCEPT:
2. (TCO 5) In Excel, which of the following would you perform to group adjacent worksheets?
3. (TCO 5) If the active cell is in column A, but not in row 1, when you click the Split command, the worksheet will appear in two ________ panes
4. (TCO 5) In Excel, which of the following is NOT a method for removing a split window?
5. (TCO 5) Which of the following functions do NOT work with 3D formulas?
6. (TCO 5) Before you can create an external reference you must first __________.
7. (TCO 5) Which of the following is the proper use of a 3D formula?
8. (TCO 6) When creating a range for the substitution values in a one-variable data table, it is best to arrange them in a(n) ________ orientation.
9. (TCO 6) A two-variable data table returns ________ result(s) for each combination of two variables
10. (TCO 6) Which What-If Analysis tool would be best at determining how much you can borrow for a car loan while paying only $350 a month?
11. (TCO 6) The Goal Seek command is located in the ________ command on the Data tab
12. (TCO 6) Before creating a scenario with Scenario Manager, it is important to know which cells contain the variables you want changed and the:
13. (TCO 6) Where is Solver located if it is already loaded onto Excel?
14. (TCO 6) Which of the following commands cannot be used on a constraint in the Solver Parameters dialog box?
15. (TCO 6) The maximum number of scenarios Scenario Manager can handle is:


Assignment 2 Legal Issues Case Study Part II


 Assignment 2 Legal Issues Case Study Part II
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Assignment 2: Legal Issues Case Study Part II
Read the scenario and the questions that follow. Identify the legal issue(s) and apply legal concepts and possible arguments for each question. Prepare a solution for each question using laws, cases, examples and/or other relevant materials. At the end of the paper, identify potential ethical issues and propose a solution for each issue. Support your answers with information from the textbook and at least two outside scholarly sources. By Tuesday, May 10, 2016, prepare a 7 to 9-page paper that identifies the legal issues and potential solutions and answers all questions presented, supported by relevant legal authority. Properly cite all sources using APA format.

This assignment requires application of the concepts learned in Weeks 1 – 5 and is worth significantly more than previous assignments.
 

Marcus is a second year law student working as an intern for the largest law firm in Chicago, Illinois. The senior attorney introduced Marcus to a new client, Kay Roc, the founder of the famous fast food chain, McWilliams. As the owner of this large organization, Roc is looking to your firm to handle all of her legal needs.

Marcus learns the following information from his meeting with Roc and her staff.
·         McWilliams recently hired a former high-ranking official from the Food and Drug Administration (FDA) to help improve the image of McWilliam’s products and ensure compliance with state and federal government regulations. Roc is concerned about a recently proposed rule that will require McWilliams to obtain additional permits and result in more frequent inspections by the FDA. The agency published the rule in the Federal Register last week. These new permits will create more work and expense for Roc. The former FDA employee indicated that he knows people at the FDA who might be able to make the proposed rule disappear in exchange for contributions to the new food safety training facility in Atlanta, Georgia.
·         McWilliams is being sued by two customers.
·          
·         Hal Coker is suing McWilliams for negligence and deceptive trade practices claiming the fast food chain does not adequately inform the public of the dangers to their health and eating the food can lead to health problems.
·          
·         Keith and Kathy Allison were having dinner with their two daughters at a McWilliams in Detroit when the couple started to argue. The argument escalated and Keith shouted that he was going to kill his wife. When Keith stormed outside, Kathy dialed 911 and asked the manager to help them. The manager said he could not get involved in domestic disputes. Kathy and her daughters hid in the restroom; however, Mr. Allison returned with a gun, which he used to shoot Kathy and his two daughters before Detroit police shot killed him. Kathy died at the scene, and the two daughters were seriously injured. A wrongful death lawsuit filed against McWilliams on behalf of the girls.
·         McWilliams is famous for its golden MW logo and mascot, McBurger. Roc wants to ensure the McWilliams logo and mascot are protected from use by others without permission. Roc reminds you that this protection should extend use in the United States and in other countries. She also asks you if it would be possible to sue a competitor, McDonalds, for their use of one golden arch logo, similar to McWilliams.
·         Eric Roc, Kay Roc’s son, had no interest in working for McWilliams after graduating from college and passing the CPA exam. Eric applied for a position as accountant with Bean & Counter, LLC. an accounting firm specializing in assisting small businesses in Atlanta, Georgia. On November 28, the firm offered Eric a 12-month employment contract with the yearly salary of $75,000 starting on January 1. The contract contained the following provisions.
·         Eric could not be terminated during the12-month term of employment unless he committed an illegal act.
·          
·         Any disputes would be resolved using a mediator selected by the accounting firm.
·          
·         Eric would not be permitted to work for any accounting firm within a 100-mile radius of Atlanta for two years after leaving the firm.
·         Eric accepted the job and signed the contract the same day, November 28. Eric decided to keep the news secret until he returned from his two-week vacation in Hawaii. On November 30, Roc offered to give Bean & Counter her company’s entire accounting business if the firm hired Eric. The firm accepted. When Eric told his mother the news about getting the job on November 28, Roc refused to transfer any accounting work to Bean & Counter. The accounting firm filed a suit against Roc, citing the parties had a contract. When Eric showed up for work on January 1, the firm informed him that they no longer needed his services. One week later, Eric found another job with Cooke & Books, a firm specializing in providing auditing services for restaurants and businesses in the food industry. The office was located in downtown Atlanta, just two blocks from Bean & Counter.
·         Drew Scott, the director in the real estate division of McWilliams, met with Jed Turner about purchasing a large tract of land owned by Turner in Oak Brook, Illinois, a suburb of Chicago. Scott knew the company planned to bulldoze the acreage to create Burger University, a state of the art training facility. Scott judged Turner to be 85 or 90 years old. During the meeting, Scott noticed several brochures about Alzheimer's and assisted living facilities, as well as several prescription bottles sitting on the table. After discussing the good old days for several hours, Scott and Turner agreed on the sale of the land for $400,000. Since Scott brought a blank copy of a contract with him, he helped Turner complete the paperwork and both parties signed. Unbeknownst to either party, the purchase price was written as $40,000. On the day before the closing, Scott called Turner to remind him of the location of their meeting to sign the remaining documents. Confused, Turner said he didn't know anything about selling that land and he had no intention of selling his land to some dimwitted young whippersnapper who tried to cheat him.
Based on the scenario, create a 7 to 9-page Microsoft Word document. In addition, the document should address the following and any others issues you may discover:
·         Describe the steps in the administrative process from the agency’s and the citizen’s perspective when a government agency proposes a rule or regulation. What would you recommend Roc do in response to the FDA's proposed rule?
·         Should Roc make a contribution to the food safety training facility? Why or why not? Please provide a legal basis for your decision.
·         Discuss the legal issues of the lawsuit between Hal Coker and McWilliams. Determine which party will win and provide support for your decision.
·         Discuss the legal issues of the lawsuit between the Allison children and McWilliams. Determine which party will win and provide legal support for your decision.
·         Are the MW logo and mascot, McBurger, considered intellectual property? If yes, what type? If not, why not? Are there any issues with protecting the logo or mascot in the U.S. and in foreign countries? Does McWilliams have a case against McDonalds over the use of the golden arches?
·         What is the status of the employment contract between Eric and Bean & Counter?
·         Will the non-compete provision be enforceable? Why or why not?
·         What is the status of the agreement between Roc and Bean & Counter?
·         Does Scott, on behalf of McWilliams, have a valid contract with Turner? What are the basic requirements for contract formation? What defects in the contract formation process may have occurred?
Submission Details
Based on the different situations described in the scenario, create a 7 to 9-page Microsoft Word document.

Support your answers with appropriate research, reasoning, cases, laws, and other relevant examples.

Submit the paper in APA format and properly cite sources on a separate page



ACT4050-8 Case 6-1 Present Recommendations for Resolving an Issue


 ACT4050-8 Case 6-1 Present Recommendations for Resolving an Issue
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Section: Cost Behavior, Profit Reporting and Budgeting
Week: 3
Activity: Present Recommendations for Resolving an Issue
 
Activity Description
Review case 6-1 of your text. In this case, the director of the marketing department is involved in a situation with the controller. Assume that
your organization is facing a similar situation and your supervisor has asked for your help in resolving it. You have been asked to present your
recommendations at the next meeting with your supervisor. Prepare a PowerPoint presentation in which you first explain how this situation
impacts business activities. Be sure to detail any effects on costs. Conclude the presentation with your recommendations and justify your
ideas with specific examples. 
Incorporate appropriate animations, transitions, and graphics as well as “speaker notes” for each slide. The speaker notes may be
comprised of brief paragraphs or bulleted lists.
Support your presentation with at least one (1) scholarly resource. In addition to these specified resources, other appropriate scholarly
resources may be included. 
Length: 8-10 slides (with a separate reference slide)
Notes Length: 50-100 words for each slide
Be sure to include citations for quotations and paraphrases with references in APA format and style where appropriate. Save the file as PPT
with the correct course code information.
Upload your assignment using the Upload Assignment button below.

Learning Outcomes
3.0 Interpret the cost impact of activity changes on business planning and performance.
4.0 Analyze cost information to support operating decisions and process improvements.

Resources 
Books
Reference
Warren, C. S., Reeve, J. M., & Duchac, J. (2012) Managerial
accounting. 

Instruction
Review Chapters 4, 5 and 6

Articles
Reference
Instruction
Prempanichnukul, V. (2011). The role of budgeting ethic orientation
on managerial performance: An empirical investigation of Thailand’s
exporters. 
Read article
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direct=true&db=bth&AN=67662405&site=eds-live

ACF 653 A recent City of AB City report indicated


 ACF 653  A recent City of AB City report indicated
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A recent City of ABCity report indicated that there would be a record number of homeless over the next few years, so the city decided that it was important to make shelters available.  Accordingly, contracts were signed with 2 hotels in the downtown area over a 3-year period.  The hotels committed to have rooms available in the 2 coldest months of the year and the city agreed to pay for the rooms at a rate of $40 per night.  The hotel rooms were intended for homeless families.  At the same time, local churches got together and arranged to have volunteers staff the churches and provide hot meals so that the churches could be used as shelters by single individuals.  The result was that the hotel rooms were not used, and over the period of three years, the city paid almost $850,000 for empty rooms. This was publicized in the local newspaper and the City Manager has asked you to provide her with a report for her reference.  Of particular importance, she would like your recommendations on ensuring benchmarks and an alternative approach for use in future years. 
Required:
As an Internal Auditor with ABCity and using a Case Solution Format (Problem Statement, Issues, Alternatives & Analysis of Alternatives, Recommendations & Conclusions), write a brief report to the City Manager (hint, you will want to take note of the text’s reference to the “Effectiveness” aspect of an internal auditors’ work)



ACCT 349 Week 4 Midterm


ACCT 349 Week 4 Midterm

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Week 4 : Relevant Information, Strategy, and a Balanced Scorecard - Midterm

Page 1
1.      (TCO 5) The following information is available from the Taylor Company.
Actual factory overhead
$15,000
Fixed overhead expenses, actual
$7,200
Fixed overhead expenses, budgeted
$7,000
Actual hours
3,500
Standard hours
3,800
Variable overhead rate per direct labor hour
$2.50
Assuming that Taylor uses a three-way analysis of overhead variances, what is the spending variance?
(Points : 11)
       $750 favorable
      
$750 unfavorable
      
$950 favorable
      
$200 unfavorable

Explanation:
The spending variance is the difference between the actual total factory overhead and the budgeted amount for the actual output.
Budgeted $7,000 + (3,500 x $2.50) 
$15,750
Actual
(15,000)

$750 F
2. (TCO 5) In an activity-based costing system, what should be used to assign a department’s manufacturing overhead costs to products produced in varying lot sizes? (Points : 11)
       A single cause-and-effect relationship
      
Multiple cause-and-effect relationships
      
Relative net sales value of the products
      
A product’s ability to bear cost allocations

Explanation:
Instead of using a single allocation base for overhead, and ABC system determines the multiple activities associated with the incurrence of costs and then accumulates a cost pool for each activity using the appropriate activity base (cost driver).  Consequently, overhead is assigned based on the multiple cause-and-effect relationships between activities and their cost drivers.


3. (TCO 1) An examination of Boener Company’s past maintenance records disclosed the following costs and volume measures the following.

Highest
Lowest
Cost per month
$39,200
$32,000
Machine hours
24,000
15,000
Using the high-low technique, estimate the annual fixed cost for maintenance expenditures.
(Points : 11)
       $447,360
      
$384,000
      
$240,000
      
$230,400

Explanation:
The variable cost per unit is $.80 per hour ($7,200/9,000). The fixed cost is found by substituting the unit variable cost into either of the activity-cost functions.
Monthly FC = TC – VC
Monthly FC = $32,000 – (15,000 x .80) = $20,000 or
Monthly FC = $32,000 – (24,000 x .80) = $20,000.
4. (TCO 1) Serendipity Co. uses regression analysis to develop a model for prediction overhead costs. Two different cost drivers (machine hours and direct materials weight) are under consideration as the independent variable. Relevant data were run on a computer using one of the standard regression programs, with the following results.
Machine hours
Coefficient
Y intercept
2,500
B
5.0
r-squared = .70

Direct materials weight

Y intercept
4,600
B
2.6
r-squared = .50

Which regression equation should be used?
(Points : 11)
       y = 2.500 + 5.0x
      
y = 2500 + 3.5x
      
y = 4,600 + 2.6x
      
y = 4,600 + 1.3x
Explanation:
The simple regression equation is y = a + bx, given that y is the dependent variable, a is the y-axis intercept, b is the slope of the regression line, and x is the independent variable. Because machine hours have a higher r-squared factor than direct materials weight, the coefficients for machine hours should be used to predict costs. Consequently, the regression equation is y = 2,500 + 5.0x.
5. (TCO 2) Relevant or differential cost analysis (Points : 11)
       takes all variable and fixed costs into account to analyze decision alternatives.
      
considers only variable costs as they change with each decision alternative.
      
considers the change in reported net income for each alternative to arrive at the optimum decision for the company.
      
considers all variable and fixed costs as they change with each decision alternative.

Explanation:
Relevant cost analysis considers only those costs that differ among decision options. Both fixed and variable costs are considered if they vary with the option selected.
6. (TCO 2) McConnell is a manufacturer of industrial components. One of its products that is used as a subcomponent in auto manufacturing is JC-46. This product has the following financial structure per unit.
Selling price
$150
Direct materials
20
Direct labor
15
Variable manufacturing overhead
12
Fixed manufacturing overhead
30
Shipping and handling
3
Fixed selling and administrative
10
Total costs
$ 90
McConnell has received a special, one-time order for 1,000 JC-46 parts. Assuming McConnell has excess capacity, the minimum price that is acceptable for this one-time special order must be greater than
(Points : 11)
       $47.
      
$50.
      
$60.
      
$77.
Explanation:
A company must cover the incremental costs of a special order when it has excess capacity. The incremental costs for product JC-46 are $50 ($20 direct materials + $15 direct labor + $12 variable overhead + $3 shipping and handling). The fixed costs will not change as a result of the special order, so they are not relevant. Thus, any price in excess of $50 per unit is acceptable.
7. (TCO 5) Janice Foeld Company manufactures part Z for use in its production cycle. The costs per unit for 10,000 units of part Z are as follows.
Direct materials
$3
Direct labor
15
Variable overhead
6
Fixed overhead
8
TOTAL
$32
Baloney Company has offered to sell Janice Foeld 10,000 units of part Z for $30 per unit. If Janice Foeld accepts Baloney’s offer, the released facilities can be used to save $45,000 in relevant costs in the manufacture of part A. In addition, $5 per unit of the fixed overhead applied to part Z would be totally eliminated.

The total relevant costs to buy part Z are
(Points : 11)
       $320,000.
      
$300,000.
      
$290,000.
      
$250,000.

Explanation:
The relevant costs are those that can be changed or eliminated.
Direct materials (10,000 x $3)
$30,000
Direct labor (10,000 x $15)
150,000
Variable O/H (10,000 x $6)
60,000
Fixed O/H applied (10,000 x $5)     
50,000
Total
$290,000
8. (TCO 2) Bieber Company has excess capacity on two machines, 24 hours on Machine 105 and 16 hours on Machine 107. To use this excess capacity, the company has two products, known as Product D and Product F, that must use both machines in manufacturing. Both have excess product demand, and the company can sell as many units as it can manufacture. The company’s objective is to maximize profits.
Product D has an incremental profit of $6 per unit, and each unit utilizes 2 hours of time on Machine 105 and then 2 hours of time on Machine 107. Product F has an incremental profit of $7 per unit, and each unit utilizes 3 hours of time on Machine 105 and then 1 hour of time on machine 107. Let D be the number of units for Product D, F be the number of units for product F, and P be the company’s profit.
A feasible solution for Bieber Company is
(Points : 11)
       D = 2 and F = 8.
      
D = 6 and F = 4.
      
D = 12 and F = 0.
      
D = 8 and F = 3.

Explanation:
This problem can be solved either graphically or by means of trial and error. The easier approach is to solve the problem by trial and error. Whether the production levels violate the constraint functions below can be determined for each answer. Only answer (B) does not violate the constraints:
                                       2D + 3F < 24
                                       2D +   F < 16



9. (TCO 4) Which of the following criteria would be most useful to a sales department manager in evaluating the performance of the manager’s customer service group? (Points : 11)
       The customer is always right.
      
Customer complaints should be processed promptly.
      
Employees should maintain a positive attitude when dealing with customers.
      
All customer inquiries should be answered within 7 days of receipt.

Explanation:
A criterion that requires all customer inquiries to be answered within 7 days of receipt permits accurate measurement of performance. The quantitative and specific nature of the appraisal using this standard avoids the vagueness, subjectivity, and personal bias that may afflict other forms of personnel evaluations.
10. (TCO 6) The sales quantity variance equals (Points : 11)
       actual units x (budgeted weighted-average UCM for planned mix – budgeted weighted-average UCM for actual mix).
      
(actual units – master budget units) x budgeted weighted-average UCM for the planned mix.
      
budgeted market share percentage x (actual market size in units – budgeted market size in units) x budgeted weighted-average UCM.
      
(actual market share percentage – budgeted market share percentage) x  actual market size in units x budgeted weighted-average UCM.

Explanation:
The sales volume variance equals the difference between the flexible budget contribution margin for the actual volume and that included in the master budget. It assumes a constant product mix and an average contribution margin for the composite unit. It equals the difference between actual and budgeted total unit sales, times the budgeted weighted-average UCM for the planned mix.
11. (TCO 6) The following are relevant data for calculating sales variances for Lumber Co., which sells its sole product in two countries.

John 
Quincy 
Total
Budgeted selling price per unit
$6.00
$10.00
NA
Budgeted variable cost per unit
  3.00
7.50
NA
Budgeted contribution margin per unit
$3.00
$ 2.50
NA




Budgeted unit sales
300
200
500
Budgeted mix percentage
60%
40%
100%
Actual units sold
260
260
520
Actual selling price per unit
$6.00
$9.50
NA
The sales volume variance for John and Quincy is
(Points : 11)
       $130 U.
      
$120 U.
      
$30 F.
      
$150 F.

Explanation:
The sales volume variance for John is $120 U [$3 budgeted UCM x (260 actual units sold – 300 budgeted units sales)]. The sales volume variance for Quincy is $150 F [$2.50 budgeted UCM x (260 actual units sold – 200 budgeted unit sales)]. Thus the multiple-country sales volume variance is $30 F ($150 F - $120 U).
12. (TCO 4) Nonfinancial performance measures are important to engineering and operations managers in assessing the quality levels of their products. Which of the following indicators can be used to measure product quality?
I.   Returns and allowances
II.  Number and types of customer complaints
III. Production cycle time
(Points : 11)
       I and II only
      
I and III only
      
II and III only
      
I, II, and III

Explanation:
Nonfinancial performance measures, such as product quality, are useful for day-to-day control purposes.
13. (TCO 6) For a single-product company, the sales volume variance is (Points : 11)
       the difference between actual and master budget sales volume, times actual unit contribution margin.
      
the difference between flexible budget and actual sales volume, times master budget unit contribution margin.
      
the difference between flexible budget and master budget sales volume, times actual budget unit contribution margin.
      
the difference between flexible budget and master budget sales volume, times master budget unit contribution margin.

Explanation:
For a single-product company, the sales volume variance is the difference between the actual and budgeted sales quantities, times the budgeted UCM. If the company sells two or more products, the difference between the actual and budgeted product mixes must be considered. In that case, the sales volume variance equals the difference between 1) actual total unit sales times the budgeted weighted-average UCM for the actual mix and 2) budgeted total unit sales times the budgeted weighted-average UCM for the planned mix.

14. (TCO 5) Variable factory overhead is applied on the basis of standard direct labor hours. If, for a given period, the direct labor efficiency variance is unfavorable, the variable factory overhead efficiency variance will be (Points : 11)
       favorable.
      
unfavorable.
      
zero.
      
the same amount as the labor efficiency variance.

Explanation:
If the variable factory overhead efficiency variance and the direct labor efficiency variance measures the effect of the difference between actual and standard hours, both variance calculations will be based on the same activity base. Thus, if the direct labor efficiency variance is unfavorable, the variable factory overhead efficiency variance will also be unfavorable.
15. (TCO 1) Bubba company has developed a learning (improvement) curve for one of its newer processes from its accounting and production records. Management asked for an internal audit to review the curve. Which of the following events tend to mitigate the effects of the learning curve? (Points : 11)
       Labor costs incurred for overtime hours were charged to an overhead account.
      
The number of preassembled purchased parts that were used exceeded the plan.
      
Newly developed processing equipment with improved operating characteristics was used.
      
All of the above

Explanation:
The learning curve is developed with a plan of all the factors of production. Any changes in the skill level of the workers, processing equipment, parts used, or method of labor cost allocation will make the predesigned learning curve less useful.













Page 2
1. (TCO 3) How do companies determine target costs? (Points : 15)


2. (TCO 2) How and why are capacity constraints relevant when trying to decide which products to produce? (Points : 35)


3. (TCO 1) Outline the six steps involved in estimating a cost function using quantitative analysis. (Points : 35)