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DeVry COMP129 Final Project - Latest
DeVry COMP129 Final Project - Latest
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    What purpose did you     select for the computer you will be building?
I have selected this computer to solve my lab problems. It will have all the software and hardware which are required.
What price range did you     select for the computer you will be building?  Were you able to stay     within budget?  Why or why not?
My range to buy this computer is $2000 to $2500. It is not easy to stay in this budget. So, I have to increase it till $3500. Because of additional UPS cost the price of my computer is increased. But I have managed this.
List all major components     in your spreadsheet template. Include at least the motherboard, processor     power, memory, drives, and monitor size.  Add to this list as needed.
I have included all components in the spreadsheet. The major components are as listed below:
Monitor
Keyboard
Mouse
Modem
Motherboard
Processor
RAM
ROM.
Cache memory
NIC card
UPS for power backup.
Determine all necessary     parts to buy. (Include at least the case, expansion cards, NIC, and     keyboard.  Add to this list as needed.)
The list of all necessary parts to create the computer is made and all the items are added to the spread sheet. The list is as given below:
Monitor
Keyboard
Mouse
Modem
Motherboard
Processor
RAM
ROM.
Cache memory
NIC card
UPS for power backup.
  Include OS and software.
The Windows 7 operating system is selected as the operating system. The Adobe reader and Microsoft office the main software for my computer. Yes, these software are included in my spreadsheet.
Update an Excel     spreadsheet with all specifications and parts.
Yes, My spreadsheet is updated and containing all parts and subparts withy their price and main venders.
Price parts from two     locations. You may use bricks and mortar stores in your area, such as     TigerDirect and online sellers, such as newegg.com or http://www.tigerdirect.com/. So you can do all of     your comparison shopping online, if you desire.
The two places for getting price of computer parts are:
Newegg
Tigerdirect.
The prices of all the parts are added from these places.
Update your spreadsheet     with the seller’s name, prices, and totals.
The spreadsheet is updated and seller’s name, prices, and totals are added in the spreadsheet.
Write a 2–5 paragraph     report on your learning and experiences in completing this project. (10     points)
I have learned so many things from this project. This project helps me to identify all the computer parts and there costing.
This project all helps me to identify the hardware and software requirements of any computer system. This was a very good project learn to buy online items from different market places. It also teaches me to compare the price difference for any item among to different places. 
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DeVry BUSN 379 Full Course Project (Part 1 And Part 2 Project)
DeVry BUSN 379 Full Course Project (Part 1 And Part 2 Project)
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Objective
 The objective of the project is applying financial analysis concepts in real-life investment scenarios. The project will be divided in two sections with Part I due at the end of Week 3 and Part II at the end of Week 6. Part I of the project will give students the opportunity to use valuation and time value of money techniques to evaluate stocks and bonds under different market conditions. Part II of the project will require students to incorporate the concepts of cost of capital, capital budgeting and capital structure in evaluating a specific capital investment project using the Net Present Value approach. Both Part I and II will include calculations, as well as a written analysis about the results and implications of these calculations.
For     detailed instructions and requirements about Part I of this course     project, click here.
For     detailed instructions and requirements about Part II of this course     project, click here.
  Guidelines
  The     project is subdivided in Tasks. Part I contains Tasks 1, 2 and 3 and is     due at the end of Week 3. Part II contains Task 4 and 5 and is due at the     end of Week 6.
Present     all your calculations and formulas used along with your final results. You     will be graded on the quality of your calculations, as well as on the     written analysis provided.
For     any recommendations or conclusions provided, support your conclusions with     detailed information.
Use     the grading rubric provided below as a guideline for project development.
All     DeVry University policies are in effect including the plagiarism policy.
You     may post any questions on this assignment under the weekly Q&A     section.
   Milestones
   Deliverable     #1 – Due at the end of Week 3. For Deliverable #1, please respond to Tasks     1, 2 and 3.
Deliverable     #2 – Due at the end of Week 6. For Deliverable #2, complete Tasks 4 and 5.     Make sure to provide a yes/no recommendation on the purchase of the new     machine. Justify your recommendation.
  Grading Rubrics
 PART 1
 Category
Points
%
Description
Task 1 – Assess Loan Options
50
36
Calculate the EAR for two banks (20 pts), make  a recommendation to the best option (20 pts) and compute payments for the  selected loan (10 pts).
Task 2 – Evaluate Competitor’s Stock
40
28
Calculate the value of the stock using the  dividend growth model (25 pts). Address the impact of changes in certain variable  conditions on market prices (15 pts).
Task 3 - Bond Valuation
50
36
Determine the coupon rate of bonds and compare  it to the market price (20 pts). Explain factors affecting bond risk (20  pts). Describe some covenants associated with bonds (10 pts).
Total
140
100
  PART 2
 Category
Points
%
Description
Task 4 – Capital Budgeting
75
50
Compute the NPV and IRR of a project and make  recommendations based on calculations (30 pts). Analyze factors affecting the  capital budgeting process (25 pts). Describe project risks and analysis (20  pts).
Task 5 – Cost of Capital
75
50
Calculate the WACC and describe methods for  computing the cost of capital (60 pts). Explain the appropriate use of the  WACC (10 pts). Compute the NPV of a project based on the WACC (5 pts).
Total
150
100
     Best Practices
  Start your project as quickly as possible. You should become acquainted with the project instructions during Week 1 of the course and progressively move forward. A recommended timeline for project development is as follows:
Week 1:
Get     acquainted with project instructions and rubrics
Search     for prime rate
Post     any questions under Q&A
Week 2:
Complete     Task 1
Work     on Yahoo Finance to obtain the last dividend and price of competitor     companies
Post     any questions under Q&A
Week 3:
Complete     Tasks 2 and 3
Week 4:
Work     on Task 4
Post     any questions under Q&A
Week 5:
Complete     Task 4
Search     for competitors’ betas
Post     any questions under Q&A
Week 6:
Work     and complete Task 5
Your Course Project should be well-organized. Please attach any necessary Excel Workbooks as necessary along with your written analysis.
     Course Project – Part I
 Introduction
The Course Project is an opportunity for you to apply concepts learned to a real-life simulation experience. Throughout the Course Project, you will assume that you work as a financial analyst for AirJet Best Parts, Inc. The Course Project is provided in two parts as follows:
Part I – In Part I, you work with AirJet Best Parts, Inc. staff to identify the best loan options, as well as to valuate stocks and bonds.
Part II – In Part II, you will provide the company with a recommendation for purchasing a new machine. You will base your recommendation on the Net Present Value (NPV) of the capital investment project using the cost of capital (WACC) as your discount rate.
About AirJet Best Parts, Inc.
AirJet Best Parts, Inc. is a company dedicated to the design and manufacturing of aviation and airplane technologies and parts. The company has commercial and military clients worldwide.
Task 1: Assessing loan options for AirJet Best Parts, Inc.
The company needs to finance $8,000,000 for a new factory in Mexico. The funds will be obtained through a commercial loan and by issuing corporate bonds. Here is some of the information regarding the APRs offered by two well-known commercial banks.
Bank
APR
Number of Times Compounded
National First
Prime Rate + 6.75%
Semiannually
Regions Best
13.17
Monthly
 1. Assuming that AirJet Parts, Inc. is considering loans from National First and Regions Best, what are the EARs for these two banks? Hint for National Bank: Go to the St. Louis Federal Reserve Board’s website (http://research.stlouisfed.org/fred2/). Select “Interest Rates” and then “Prime Bank Loan Rate”. Use the latest MPRIME. Show your calculations. (15 pts) 
2. Based on your calculations above, which of the two banks would you recommend and why? Explain your rationale. (15 pts) 
3. AirJet Best Parts, Inc. has decided to take a $6,950,000 loan being offered by Regions Best at 8.6% APR for 5 years. What is the monthly payment amount on this loan? Do you agree with this decision? Explain your rationale. (20 pts)
Task 2: Evaluating Competitor’s Stock
AirJet Best Parts, Inc. is concerned regarding recent changes in its stock prices for the company and would like to determine the stock prices for key competitors. Key competitors include Raytheon, Boeing, Lockheed Martin, and the Northrop Grumman Corporation.
1. Using the dividend growth model and assuming a dividend growth rate of 5%, what is the rate of return for one of three key competitors? Use Yahoo Finance to obtain the latest dividend amount and price for one selected company. (15 pts) 
2. Using the rate of return above, what should be the current share price of AirJet Best Parts, Inc. if the company maintains a constant 1% growth rate in dividends and the most recent dividend per share paid on the stock was $1.50? Show your calculations. (10 pts) 
3. Assume AirJet Best Parts has also a preferred stock issue. The most recent dividend per share paid on the stock was also $1.50, the same as the common stock. Which one would you think has a higher price, the preferred stock or the current stock? Explain your rationale. (5 pts)
4. What would happen with the price you computed above if AirJet Best Parts, Inc. announces that dividends at the end of the year will increase? What if the required rate of return increases? What changes in dividends will affect the stock price and how? (10 pts)
Task 3: Bond Evaluation
AirJet Best Parts, Inc. would like to issue 20-year bonds to obtain remaining funds for the new Mexico plant. The company currently has 7.5% semiannual coupon bonds in the market that sell for $1,062 and mature in 20 years.
1. What coupon rate should AirJet Best Parts set on its new bonds to sell them at par value? (10 pts) 
2. What is the difference between the coupon rate and the YTM of bonds? (10 pts) 
3. What factors will contribute to the riskiness of these bonds? Explain in detail your rationale. (20 pts) 
4. What type of positive and negative covenants may AirJet Best Parts, Inc. use in future bond issues? (10 pts) 
    Course Project Part II
  Introduction
You will assume that you still work as a financial analyst for AirJet Best Parts, Inc. The company is considering a capital investment in a new machine and you are in charge of making a recommendation on the purchase based on (1) a given rate of return of 15% (Task 4) and (2) the firm’s cost of capital (Task 5).
Task 4. Capital Budgeting for a New Machine
A few months have now passed and AirJet Best Parts, Inc. is considering the purchase on a new machine that will increase the production of a special component significantly. The anticipated cash flows for the project are as follows:
Year 1 $1,100,000
Year 2 $1,450,000
Year 3 $1,300,000
Year 4 $950,000
You have now been tasked with providing a recommendation for the project based on the results of a Net Present Value Analysis. Assuming that the required rate of return is 15% and the initial cost of the machine is $3,000,000.
1. What is the project’s IRR? (10 pts)
2. What is the project’s NPV? (15 pts) 
3. Should the company accept this project and why (or why not)? (5 pts) 
4. Explain how depreciation will affect the present value of the project. (10 pts) 
5. Provide examples of at least one of the following as it relates to the project: (5 pts each)
a. Sunk Cost
b. Opportunity cost
c. Erosion 
6. Explain how you would conduct a scenario and sensitivity analysis of the project. What would be some project-specific risks and market risks related to this project? (20 pts)
Task 5: Cost of Capital
AirJet Best Parts Inc. is now considering that the appropriate discount rate for the new machine should be the cost of capital and would like to determine it. You will assist in the process of obtaining this rate.
1. Compute the cost of debt. Assume AirJet Best Parts Inc. is considering issuing new bonds. Select current bonds from one of the main competitors as a benchmark. Key competitors include Raytheon, Boeing, Lockheed Martin, and the Northrop Grumman Corporation. 
a. What is the YTM of the competitor’s bond? You may use a number of sources, but we recommend Morningstar. Find the YTM of one 15 or 20 year bond with the highest possible creditworthiness. You may assume that new bonds issued by AirJet Best Parts, Inc. are of similar risk and will require the same return. (5 pts) 
b. What is the after-tax cost of debt if the tax rate is 34%? (5 pts) 
c. Explain what other methods you could have used to find the cost of debt for AirJet Best Parts Inc.(10 pts) 
d. Explain why you should use the YTM and not the coupon rate as the required return for debt. (5 pts) 
2. Compute the cost of common equity using the CAPM model. For beta, use the average beta of three selected competitors. You may obtain the betas from Yahoo Finance. Assume the risk free rate to be 3% and the market risk premium to be 4%. 
a. What is the cost of common equity? (5 pts) 
b. Explain the advantages and disadvantages to use the CAPM model as the method to compute the cost of common equity. Compare and contrast this method with the dividend growth model approach. (10 pts) 
3. Compute the cost of preferred equity assuming the dividend paid for preferred stock is $2.93 and the current value of the stock is $50 per share.
a. What is the cost of preferred equity? (5 pts) 
b. Is there any other method to compute this cost? Explain. (5 pts) 
4. Assuming that the market value weights of these capital sources are 30% bonds, 60% common equity and 10% preferred equity, what is the weighted cost of capital of the firm? (10 pts) 
5. Should the firm use this WACC for all projects? Explain and provide examples as appropriate. (10 pts)
 6. Recompute the net present value of the project based on the cost of capital you found. Do you still believe that your earlier recommendation for accepting or rejecting the project was adequate? Why or why not? (5 pts)
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DeVry BUSN 379 Final Exam - Updated
DeVry BUSN 379 Final Exam - Updated
IF You Want To Purchase A+  Work then Click The Link Below For Instant Down Load
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DeVry BUSN 379 Final Exam - Updated
 1.(TCO 1) ) Likeline, Inc., has sales of  $445,000, costs of $173,000, depreciation expense of $72,000, interest  expense of $36,000, and a tax rate of 35 percent. What is their net  income?(Points : 20) 
 Question 2.2.(TCO 1) Hammett, Inc. has sales  of $19,570, costs of $9,460, depreciation expense of $2,130, and interest  expense of $1,620. If the tax rate is 35 percent, what is the operating cash  flow, or OCF?  (Points : 20) 
 Question 3.3.(TCOs 2 and 3) App Co. issued  15-year, $1,000 bonds at a coupon rate of 6 percent. The bonds make annual  payments. If the YTM on these bonds is 5 percent, what is the current bond  price?(Points : 20) 
 Question 4.4.(TCO 3) Sixteenth Bank has an  issue of preferred stock with a $10 stated dividend that just sold for $70  per share. What is the bank’s cost of preferred stock? (Show your work and  round your answer to two decimal places.(Points : 20) 
 Question 5.5.(TCOs 3 and 5) You own a  portfolio that has $2,500 invested in Stock A and $3,500 invested in Stock B.  If the expected returns on these stocks are 10 percent and 16 percent,  respectively, what is the expected return on the portfolio? (Show your  work.)(Points : 20) 
 Question 6.6.(TCO 3) A stock has a beta of  1.25, the expected return on the market is 12 percent, and the risk-free rate  is 2 percent. What must the expected return on this stock be? (Show your work  and express your percentage in two decimal places).(Points : 20) 
 Question 7.7.(TCO 4) Suppose Tom, Ltd. just  issued a dividend of $2.00 per share on its common stock. The company’s  dividends have been growing at a rate of 7%. If the stock currently sells for  $50.00, what is your best estimate of the company’s cost of equity? (Show  your work.)(Points : 20) 
 Question 8.8.(TCO 4) Given the following  information, calculate the weighted average cost for the Han Corp.  Percent of capital structure:  Preferred stock 15%  Common equity 60%  Debt 25%
Additional information:  Corporate tax rate 34%  Dividend, preferred $9.50  Dividend, expected common $1.50  Price, preferred $100.00  Growth rate 9%  Bond yield 6%  Price, common $75.00(Points : 40)
  Question 9.9.(TCO 7) What are some important  factors to consider when conducting a credit evaluation and scoring?(Points :  20) 
 Question 10.10.(TCO 1) Explain the concept  of the stakeholder in contemporary finance.(Points : 20) 
 Question 11.11.(TCO 6) What are the factors  that make up the capital asset pricing model? Where would you typically find  the data for these factors?(Points : 20) 
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DeVry BUSN 115  Final Exam - Latest
DeVry BUSN 115  Final Exam - Latest
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DeVry BUSN 115  Final Exam - Latest
 1. (TCO 1) _____ refer to a resource or capability    a company must have before it can start competing in a given market.    (Points : 5)
       Assets         Economies  of scale        Barriers  to entry         Technological  requirements         Fixed  costs
 Question 2. 2. (TCO 1) Free-market capitalism    is characterized by _____. (Points : 5)
       the  right of few sellers dominating the market         the  right to bear and keep arms        the  right to freedom of competition         the  right to invest in foreign stock markets         the  right to serve on juries
 Question 3. 3. (TCO 1) Home-based    entrepreneurs should focus on _____. (Points : 5)
       seeking  a short-term payoff        creating  a long-term vision         accepting  security         getting  a line-of-credit from a foreign bank         understanding  financial ratios on their balance sheet 
Question 4. 4. (TCO 3) A small  business is defined as a company that _____. (Points : 5)
            is newly launched and has fewer than 100 shareholders        is dominant in its field and employs fewer than 1,500 employees       has a revenue of less than $750,000        is independently owned and operated and not dominant in its field        is funded through personal lines of credit and has fewer than 1,000 employees
*Question 5. 5. (TCO 1) You own  Wash This Way Laundromat in a busy part of town. ABC Laundry, a chain store  competitor, opened across the street in a busy shopping strip. You decide to  improve your business by adding an internet café offering free Wi-Fi. Why?  (Points : 5)
       To promote private ownership of businesses       To improve quality of life       To exceed customer expectations       To expand your market
Question 6. 6. (TCO 2) It is  always best to put a contract in writing, even though oral contracts can be  enforceable under contract law. A contract should _____. (Points : 5)
       Specify the extent of profits expected by the original party       Be recorded at the secretary of state’s office       Contain a clear offer and agreement        Have only one party to the contract sign and date it
Question 7. 7. (TCO 3) One  disadvantage of free trade is _____. (Points : 5)
      domestic companies can lose their comparative advantage        uninterrupted flow of capital provides for lower interest rates        workers will be given across-the-board pay increases        a company’s productivity grows when it has an absolute advantage        domestic workers can be trained for additional jobs
Question 8. 8. (TCO 3) What are  the advantages of corporations? (Points : 5)
      has the power to own property and conduct business        It is owned by shareholders        It has stock which can be public or private       All statements are true
Question 9. 9. (TCO 2) Which category  of business law originates from legislative action? (Points : 5)
       Administrative Law        Common Law       Statutory Law        Civil Law
Question 10. 10. (TCO 3) Nations  and companies trade internationally for any of the following reasons: (Points  : 5)
       Expanding into new markets to increase sales revenues;       Pursuing economies of scale to achieve lower production costs;        Acquiring materials, goods, and services not available at home;        All of the above.
*Question 11. 11. (TCO 4)  Consumers have needs for living and wants, which are desires and to know them  helps businesses to meet market demands.  From the following list,  identify which combination is just needs, or just wants. (Points : 5)
       Food and Big Mac       Motorcycle and car        Shelter and condo        Water and Coca-Cola
Question 12. 12. (TCO 4) A system  that captures, organizes and capitalizes on all the interactions that a  company has with its customers is referred to as: (Points : 5)
       Customer Schmoozing        Customer Respect Pandering        Customer Rated Loyalty       Customer Relations Management
Question 13. 13. (TCO 4) When  someone regrets making a purchase immediately after making it this is known  as? (Points : 5)
      wants and needs        cognitive dissonance        exchange process        behavior
*Question 14. 14. (TCO 5) What is  a primary responsibility of individual employees in contrast to management in  creating workplace motivation? (Points : 5)
      Employees have the ethical obligation to find the motivation to do their job.        Employees are required to accept positive reinforcement that is provided by management.        Employees are responsible to help other employees meet their management objectives.       It is the responsibility of employees to understand Maslow’s Hierarchy.
Question 15. 15. (TCO 6) The  relationship between a PERT chart and a Gantt chart includes which of the  following? (Points : 5)
       A Gantt chart is used for forecasting sales.        A PERT chart is used for measuring progress.       They are both considered to be control-procedure monitors.        Both use a critical path to delineate the flow of materials.        A PERT network can be made up of thousands of events over many months
Question 16. 16. (TCO 7) Financial  accounting includes which one of the following? (Points : 5)
       The preparation and distribution of an a periodic report        A summarization of the costs of production       The preparation of departmental budgets       Compliance with the Financial Accounting Standards Board (FASB) guidelines        Reviewing and evaluating the information used to prepare a company’s financial statements
Question 17. 17. (TCO 7) Imagine  that you have just earned your business degree and have been hired as a  hospital administrator at a small hospital that, like many others, is  experiencing financial problems. A suggestion that you would make to help  improve the financial position of the hospital and correct the financial  problems is to (Points : 5)
      improve the efficiency of the hospital’s cash management system.       use a carefully planned lawn care service.       continue the hospital’s large stockpile of drugs.       cease using a just-in-time inventory system.       use a carelessly planned inventory control system.
  Question 3.3. (TCO 3) How do downsizing and outsourcing influence the number of small businesses? (Points : 25) 
 Question 4.4. (TCO 4) Identify the four Ps of marketing, and give an example how each of the four Ps can be used to market your favorite product or service. (Points : 25) 
 Question 5.5. (TCO 5) Discuss the advantages and disadvantages of work specialization. (Points : 25) 
 Question 6.6. (TCO 6) Businesses try to create systems that deliver goods or services to customers as efficiently as possible. This often involves multiple steps and systems that hopefully work together to accomplish that goal. Explain the systems perspective, and identify at least five principles of systems thinking that can improve your skills as a manager. (Points : 25) 
 Question 7.7. (TCO 7) What is a balance sheet? Why is it called a balance sheet? (Points : 25) 
 Question 1.1. (TCO 7) Some of the characteristics of lean systems include which of the following? (Points : 5)
 Question 2.2. (TCO 7) Mass  customization means (Points : 5)
 Question 3.3. (TCO 8) One scarce item in the future will be water. Which is the least expensive way to get water from places of abundance to places of need? (Points : 5)
 Question 4.4. (TCO 8) If there is one thing that advertisers agree upon, it is the growing importance of social media in product promotion. Given this information, (Points : 5)
 Question 5.5. (TCO 1) You own a hardware store in the small town where you live. A big-box, multiline competitor has just opened. You see the following as your advantages of maintaining your market share and continued sales revenue. (Select all that apply.) (Points : 5)
 Question 6.6. TCO 1) You are fairly good at various and sundry home repairs. You aren’t very good at electrical things or anything having to do with plumbing. But you’re great with painting, patching, and general maintenance on a home. You’re contemplating starting a home repair business in your town. What are some issues that you can influence and should be concerned with in launching a new small-business start-up? (Select all that apply.) (Points : 5)
 Question 7.7. (TCO 1) A technique that combines all the promotional tools into one comprehensive, unified promotional strategy includes which? (Select all that apply.) (Points : 5)
 Question 8.8. (TCO 2) A conscious plan that represents and encourages a unique set of values includes which? (Select all that apply.) (Points : 5)
 Question 10.10. (TCO 2) Some regulation of business seems necessary to ensure fair and honest dealings with the public. The impact of this statement can best be explained by which of the following? (Select all that apply.) (Points : 5)
 Question 13.13. (TCO 3) In 1948, a global forum was created whose purpose it was to reduce trade restrictions on goods, services, ideas, and cultural programs. The results of the efforts of this organization include which? (Select all that apply.) (Points : 5)
Question 11.11. (TCO 3) Strategies for reaching global markets include which? (Select all that apply.) (Points : 5)
 Question 12.12. (TCO 3) Nations rely on a number of key indicators to measure global trade. These include which? (Select all that apply.) (Points : 5)
 Question 14.14. (TCO 4) The disadvantages of sole proprietorships are which? (Select all that apply.) (Points : 5)
 Question 15.15. (TCO 4) A limited liability company has which of the following advantages? (Select all that apply.) (Points : 5)
 Question 1.1. (TCO 5) In this digital age, setting up shop online is vital for most retail businesses. But having only an online presence that customers can access at home isn’t enough anymore. Now consumers have an array of smartphones and digital tablets that can get them online from anywhere. For social networks and retailers alike, the mobile market has already enjoyed tremendous growth. Given this information as a sales manager for Always Better Car Sales (ABCS), your concerns include which of the following? (Select all that apply.) (Points : 5)
 Question 2.2. (TCO 4) To look at problems and/or passions and see opportunities in them, which of the following questions should be asked? (Select all that apply.) (Points : 5)
 Question 3.3. (TCO 5) Electronic wireless technology continues its move toward ubiquity. Such media inculcates which of the following? (Select all that apply.) (Points : 5)
 Question 4.4. (TCO 5) You are an independent Internet marketing consultant. You have an excellent track record of assisting small- to medium-sized companies fully realize their marketing potential through an improved and enhanced presence on the Web. Mr. Top Hatt, the owner of a small pet-grooming salon (Hatt’s Cat Grooming Emporium), specializes in the care and grooming of cats and only cats and has just called you. Mr. Hatt has heard of the Internet but doesn’t know much else. He would like for his cat grooming business to grow by using the Internet but doesn’t know what to do. Your recommendations include which of the following? (Select all that apply.) (Points : 5)
 Question 5.5. (TCO 6) Which does a  mission statement address? (Select all that apply.) (Points : 5)
  Question 6.6. (TCO 6) Imagine a world  that is populated by 9 billion people. In order to maintain our current  quality of life, such a world would require 2.3 planets’ worth of resources.  In order to sustain the U.S. way of life, businesses and the government must  plan for 30% more people living across the globe. Most of those people will  be in developing countries, and the demand will be great for energy, food,  and healthcare. Your concern is that you and your production team have been  asked by your leadership to create a scorecard to measure your firm’s efforts  in sustainability. Your team’s scorecard should necessarily include which?  (Select all that apply.) (Points : 5)
 Question 7.7. (TCO 6) Mining Group Gold  is a team process that includes a method for processing and analyzing which?  (Select all that apply.) (Points : 5)
  Question 8.8. (TCO 7) A cellular or  modular layout can accommodate changes in design or customer demand. This  includes which? (Select all that apply.) (Points : 5)
0 notes
DeVry BSOP 434 Final Exam – 2 Different Versions
DeVry BSOP 434 Final Exam – 2 Different Versions
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BSOP 434 Final Exam – Version 1
·         Page 1
Question 1. 1.(TCO 10) ________ and ________ are the two basic organizational structures associated with logistics. Question 2. 2. (TCO 10) One problem with a _________ logistics structure is that, because logistics activities are scattered throughout the firm, they likely remain subservient to the objectives of the department in which they are housed. Question 3. 3. (TCO 3) Rate structures deal with three factors. Which of the following is not one of them? Question 4. 4. (TCO 3) A transportation manager who purchases a pre specified level of transportation services, regardless of the mode and/or carrier providing the transportation services, is known as a(n): Question 5. 5. (TCO 2) A function in organization that encompasses all activities associated with the flow and transformation of goods from the raw material stage through to the end user, as well as the associated information flows, is termed: Question 6. 6. (TCO 2) Which of the following is not a key attribute of supply-chain management? Question 7. 7. (TCO 1) Inventory held for a number of reasons, including projected price increases, seasonal demand, and potential stockouts, is referred to as: Question 8. 8. (TCO 1) Vendor managed inventory (VMI) benefits include: Question 9. 9. (TCO 8) International freight forwarders can provide a number of functions. Which is not one of them? Question 10. 10. (TCO 8) What is used in areas where dock workers cannot read but need a method to keep documents and shipments together? Question 11. 11. (TCO 7) Which of the following statements is false? Question 12. 12. (TCO 7) The raw materials, component parts, and supplies bought from outside organizations to support a company’s operations define: Question 13. 13. (TCO 4) Logisticians and supply chain managers have a particular interest in ____ taxes.
·         Page 2
Question 1. 1. (TCO 4)A brownfield is: Question 2. 2. (TCO 5) ____ regulates the packaging of international air shipments. Question 3. 3. (TCO 5) ____ systems consider the reverse flow of products, their reuse, and the marketing and distribution of recovered products. Question 4. 4. (TCO 6) The order cycle is: Question 5. 5. (TCO 6) Order transmittal is: Question 6. 6. (TCO 9) How do data and information differ? Question 7. 7. (TCO 9) Which of the following is not considered a general software package? Question 8. 8. (TCO 12) Surveys and analog techniques are examples of ____ forecasting. Question 9. 9. (TCO 12) Which forecasting techniques tend to be appropriate when there is little or no historical data? Question 10. 10. (TCO 11) A(n) ____ rate simplifies each of the three primary rate factors—product, weight, and distance. Question 11. 11. (TCO 11) The shipment size that equates transportation charges for different weights and weight groups is the ____ concept. Question 12. 12. (TCO 13) Throughput refers to:
Question 13. 13. (TCO 13) ____ refers to a process where a product is received in a facility, occasionally married with a product going to the same destination, and is then shipped at the earliest time, without going into longer-term storage.
·         Page 3
Question 1. 1. (TCO 4) What is a free trade zone? Question 2. 2. (TCO 9) Discuss some of the challenges associated with computer security. Question 3. 3. (TCO 9) Why are some companies hesitant to adopt RFID technology? Question 4. 4. (TCO 12) Forecasting accuracy refers to the relationship between actual and forecasted demand, and accuracy can be affected by various considerations. What is one of the challenges with the analog technique? Question 5. 5. (TCO 13) According to the text, what is contract warehousing? Question 6. 6. (TCO 14) What areas and/or activities are typically planned to be included into Distribution Resource Planning (DRP)? Question 7. 7. (TCO 3) How are carriers legally classified? Question 8. 8. (TCO 6) What is order management? Question 9. 9. (TCO 5) Compare and contrast the various handling characteristics associated with bulk cargoes. Question 10. 10. (TCO 6) Examine the various methods of order transmittal and differentiate the relevant characteristics of each one. Question 11. 11. (TCO 11) Compare and contrast the three primary factors for determining rates.
BSOP 434 Final Exam – Version 2
·         Page 1
Question 1. 1 (TCO 10) What is the primary difference between pilferage and theft? Question 2. 2. (TCO 10) With ___________, cost objects consume activities, and activities consume resources. Question 3. 3. (TCO 3) Rate structures deal with three factors. Which of the following is not one of them? Question 4. 4. (TCO 3) Based on cost, speed, and capacity, which of the following modes is most suitable for high-value, low-volume products (may be perishable or otherwise require urgent delivery)? Question 5. 5. (TCO 2) All of the following terms have been used to refer to business logistics except: Question 6. 6. (TCO 2) The movement and storage of materials into a firm refers to: Question 7. 7. (TCO 1) Stocks of goods and materials maintained for satisfaction of demand are known as: Question 8. 8. (TCO 1) Reorder point (ROP) is defined as the: Question 9. 9. (TCO 8) International freight forwarders can provide a number of functions. Which is not one of them? Question 10. 10. (TCO 8) Taxes that governments place on the importation of certain items are known as: Question 11. 11. (TCO 7) Which of the following statements is false? Question 12. 12. (TCO 7) Procurement and ________ are viewed as synonymous terms. Question 13. 13. (TCO 4) Logisticians and supply chain managers have a particular interest in ____ taxes.
·         Page 2
Question 1. 1. (TCO 4) The purpose of ____ zones is to encourage business development in economically depressed portions of a particular city. Question 2. 2. (TCO 5) ____ refers to materials used for the containment, protection, handling, delivery, and presentation of goods. Question 3. 3. (TCO 5) The basic unit in unit loading is: Question 4. 4. (TCO 6) The order cycle is: Question 5. 5. (TCO 6) In general, there are ____ possible ways to transmit orders. Question 6. 6. (TCO 9) Spreadsheets represent what general type of information management system? Question 7. 7. (TCO 9) ____ refer to a network of satellites that transmits signals that pinpoint the exact location of an object. Question 8. 8. (TCO 12) Which of the following is not a basic type of demand forecasting model? Question 9. 9. (TCO 12) Successful implementations of collaborative planning, forecasting, and replenishment have resulted in 20 to 30% improvements in forecasting accuracy as well as ____ to ____ % reduction in order cycle times. Question 10. 10. (TCO 11) A(n) ____ rate simplifies each of the three primary rate factors—product, weight, and distance. Question 11. 11. (TCO 11) The shipment size that equates transportation charges for different weights and weight groups is the ____ concept. Question 12. 12. (TCO 13) Throughput refers to: Question 13. 13. (TCO 13) ____ refers to a process where a product is received in a facility, occasionally married with a product going to the same destination, and is then shipped at the earliest time, without going into longer-term storage.
·         Page 3
1. (TCO 4) How can advances in technology and communication influence the facility location decision? Question 2. 2. (TCO 9) Discuss the relationship between automatic identification technologies and point-of-sale systems. Question 3. 3. (TCO 9) Discuss the drawbacks of EDI. Question 4. 4. (TCO 12) Forecasting accuracy refers to the relationship between actual and forecasted demand, and accuracy can be affected by various considerations. What is one of the challenges with the analog technique? Question 5. 5. (TCO 13) Distinguish between warehouses and distribution centers. Question 6. 6. (TCO 14) Why is there a high risk associated with implementing Distribution Resource Planning (DRP)? Question 7. 7. (TCO 3) How are carriers legally classified? Question 8. 8. (TCO 6) What is pick-to-light technology? Question 9. 9. (TCO 5) Examine the role of labeling in logistics management. Why is it needed, how is it used? Question 10. 10. (TCO 6) Examine the order picking and assembly operations. Assess how and why they are needed. Question 11. 11. (TCO 11) Compare and contrast the the trade-offs between price and service possible during rate and service negotiations.
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DeVry BIS 245 Final Exam - Latest
DeVry BIS 245 Final Exam - Latest
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DeVry BIS 245 Final Exam - Latest
 Question :
 (TCO 1) Which object would you use to enter, delete, or modify data?
 Points Received:
 5 of 5
 Comments:
 2.
 Question :
 (TCO 1) Which object would you use to retrieve customers who live in Germany and the United States?
 Points Received:
 5 of 5
 Comments:
 3.
 Question :
 (TCO 1) To design a report you should do all of the following EXCEPT
 Points Received:
 5 of 5
 Comments:
 4.
 Question :
 (TCO 1) Which of the following is NOT a Report Section?
 Points Received:
 5 of 5
 Comments:
 5.
 Question :
 (TCO 1) A Detail line is used to
 Points Received:
 0 of 5
 Comments:
 6.
 Question :
 (TCO 2) For the following image, which of the following is TRUE?
 Points Received:
 5 of 5
 Comments:
 7.
 Question :
 (TCO 2) A symbol used in ER diagrams for an entity is a
 Points Received:
 5 of 5
 Comments:
 8.
 Question :
 (TCO 3) A property that provides a "user friendly" name to a column in Datasheet View is a
 Points Received:
 5 of 5
 Comments:
 9.
 Question :
 (TCO 3) Summarized data in an easy-to-read view is known as a
 Points Received:
 0 of 5
 Comments:
 10.
 Question :
 (TCO 3) Which of the following is NOT true of a property?
 Points Received:
 0 of 5
 Comments:
 11.
 Question :
 (TCO 4) Which of the following does NOT describe the following one-to-one relationship?
Points Received:
 5 of 5
 Comments:
 1.
 Question :
 (TCO 5) Which form type displays records in a tabular format similar to a Datasheet view but has more editing options such as adding graphics?
 Points Received:
 0 of 5
 Comments:
 2.
 Question :
 (TCO 5) A calculated control
 Points Received:
 5 of 5
 Comments:
 3.
 Question :
 (TCO 6) Which of the following is a term used to describe the names of controls, fields, or properties?
 Points Received:
 5 of 5
 Comments:
 4.
 Question :
 (TCO 6) Data aggregates
 Points Received:
 5 of 5
 Comments:
 5.
 Question :
 (TCO 7) When making vertical data comparisons, you should use the following chart.
 Points Received:
 5 of 5
 Comments:
 6.
 Question :
 (TCO 7) Discrete data
 Points Received:
 5 of 5
 Comments:
 7.
 Question :
 (TCO 8) A switchboard is a
 Points Received:
 5 of 5
 Comments:
 8.
 Question :
 (TCO 9) To secure an Access database, all of the following should be done EXCEPT
 Points Received:
 5 of 5
 Comments:
 9.
 Question :
 (TCO 9) All of the following describe a certification authority EXCEPT
 Points Received:
 5 of 5
 Comments:
 10.
 Question :
 (TCO 10) Which of the following file format types removes all VBA code from the database and prohibits users from making changes to forms and reports?
 Points Received:
 5 of 5
 Comments:
 11.
 Question :
 (TCO 4) The term "cascading" refers to
 Points Received:
 5 of 5
 Comments:
 1.
 Question :
 (TCO 1) Describe three-tier architecture. Explain the functions performed by each tier.
 Points Received:
 40 of 40
 Comments:
 ok
 2.
 Question :
 (TCO 2) Explain business logic and describe how it relates to a relational database.
 Points Received:
 40 of 40
 Comments:
 ok
 3.
 Question :
 (TCO 4) From first normal form, second normal form, or third normal form, select one of these forms and explain (1) how that normal form is often violated by inexperienced database designers and (2) how to correct such a violation of that normal form.
 Points Received:
 40 of 40
 Comments:
 ok
 4.
 Question :
 (TCO 4) Explain 1NF, 2NF, and 3NF as related to database design.
 Points Received:
 40 of 40
 Comments:
0 notes
CIS 115 Final Exam DeVry
CIS 115 Final Exam DeVry
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CIS 115 Final Exam DeVry – 3 Diferrent Sets
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BUSN 319 Final Exam (Updated 2014) – Devry
BUSN 319 Final Exam (Updated 2014) – Devry
 IF You Want To Purcahse A+  Work then Click The Link Below For Instant Down Load
http://www.acehomework.net/?download=busn-319-final-exam-updated-2014-devry
IF You Face Any Problem Then E Mail Us At  [email protected]
 1. (TCO 4) Three commonly used methods of evaluating marketing programs are marketing metrics, marketing dashboards and
2. (TCO 1) Marketing plans must enable results to be compared with planned targets which allows __________, the flexibility to update original plans.
 3. (TCO 3) Which marketing strategy involves retaining focus on a single product line but marketing it to new markets?
 4. (TCO 1) Based on relative competitive scope (broad target to narrow target) and source of competitive advantage (lower cost to differentiation), Porter’s four generic business strategies are cost leadership, cost focus, differentiation focus, and
 5. (TCO 2) Which of the following pieces of information is used in the implementation phase of the strategic marketing process?
 6. (TCO 6) Which of the following pieces of information is used in a SWOT analysis, the first step of the planning phase of the strategic marketing process?
7. (TCO 3) When developing the advertising program, which step helps advertisers with other choices in the process such as selecting media and evaluating a campaign?
8. (TCO 2) The proper blend of elements in the promotional mix depends on the type of product. The three specific characteristics to be considered are complexity, risk, and__________.
9. (TCO 4) At which stage in the product life cycle would your promotional objective be to persuade the consumer to buy the product rather than substitutes?
10. (TCO 2) The __________ includes advertising, personal selling, sales promotion, public relations and direct marketing
. 11. (TCO 8) Which of the following statements about the terms used for marketing intermediaries is true?
12. (TCO 7) Conspiracy among firms to set prices for a product is called
13. (TCO 2) Which of the following is NOT one of the six major pricing objectives?
 14. (TCO 3) The ratio of perceived benefits to __________ is called value.
15. (TCO 6) Aggregating prospective buyers into groups that have common needs and will respond similarly to a marketing action is called
 16. (TCO 5) A company engaged in environmental scanning is
17. (TCO 1) A key role of the marketing department is to
 18. (TCO 1) Which of the following statements about relationship marketing is most true?
1. (TCO 1) Cole works for a company that requested all of its staff to purchase new toys and bring them into the office during the month of December for holiday distribution to families in need. Cole was excited about choosing some toys for this event, purchased several and brought them to work. After Cole dropped the toys off, he felt very happy and satisfied that he had helped others with his donation. Was this a marketing exchange?
2. (TCO 6) Which of the following would be the BEST the target market for tickets to the home games of the Indianapolis Colts professional football team?
 3. (TCO 3) The owners of Old School Brand Authentic Antique Foods researched Civil War records to come up with recipes for the old-fashioned products they market. Concern about the __________ element of the marketing mix would make them eager to be featured in an upcoming edition of Taste of Home magazine
. 4. (TCO 5) Google’s myspace.com is a social network that is targeted primarily to people under the age of 25. Increasing use of myspace.com as a networking tool for this target market is an example of how __________ forces impact the marketing
5. (TCO 7) Recently a federal appeals court rendered a unanimous decision that Microsoft Corp. does not have an automatic right to put whatever features it wants into its Windows operating system; rather each new feature needs to be evaluated separately. Many of these features are also made by much smaller companies. This ruling grew out of the power that Microsoft holds in the software market because it owns a major share of the marketplace. What purpose did this ruling have?
6. (TCO 6) Graham-Field Health Products makes hospital beds and wheelchairs from component parts and materials it buys. It sells its products to hospitals, nursing homes and retailers of health care products. Graham-Field Health Products operates in a(n) __________ market.
7. (TCO 1) Several years ago, SwissAir made some unwise investments to pay for a planned expansion. As a result, the company had to make some cost-cutting moves that alienated its customers. Eventually the company declared bankruptcy, regrouped and found itself able to resume business. Its board of directors recently announced that the company would resume flying if it could prove that the airlines could regain at least 75 percent of its lost customers. It decided to allot $50,000 to determine the probability that its former customers would fly on the airline again and what methods requiring little or no money could be used to increase that probability. This description represents which stage in the marketing research approach?
 8. (TCO 3) DirectProtect is an insurance provider that uses telemarketers rather than insurance agents to sell its insurance and to deal with claims. It wants to introduce its product into new markets, but before it does so, it wants to have a prediction of how successful its sales efforts will be. One of the first things researchers did was to invite a group of eight people with insurance in to talk about home and auto insurance with a moderator. One of the purposes of this exploratory research was to gather information about the group members’ attitudes toward insurance and their awareness of DirectProtect. While additional research still needs to be done, the marketing researchers were able to use a focus group to gather __________ data.
 9. (TCO 4) Sara Burns is the owner of a company called Spice and was looking for a new product to go with her company’s line of food condiments when a friend suggested combining spices with tea. In the __________ stage of the new-product process, the spices and tea mixtures were exposed to prospective consumers under realistic purchase conditions.
10. (TCO 4) A few years ago Who Wants to Be a Millionaire premiered as the first nighttime game show in a couple of decades. Once the show became a hit and televised several nights a week, other networks quickly created their own version of what they hoped to be a successful game show format. Greed and Twenty-One are the names of but two of the new shows that were created to compete with Who Wants to Be a Millionaire. At this point in time the nighttime televised game show genre entered which stage of its product life cycle?
 11. (TCO 8) When the Avon representative sells cosmetics door-to-door, it is an example of which type of marketing channel?
 12. (TCO 2) To promote its theme parks to groups, Disney is using advertising, direct marketing, Internet promotion and partnerships with other companies. In other words, Disney is using
 13. (TCO 2) When a news story covers a terrible disaster and viewers are asked to send donations to the American Red Cross, the American Red Cross is receiving
14. (TCO 8) Assume McDonald’s is engaging in a market penetration strategy. Which of the following actions best illustrates a market penetration strategy?
 15. (TCO 5) Microsoft, Intuit and, Yahoo are building new facilities in Quincy, WA, a town that previously had a population of 3,500. Along with these new neighbors, the residents of Quincy are also going to get more traffic lights, a strip mall, higher housing prices and, new jobs. This example best illustrates a(n) ___________ change with which the people and businesses of Quincy will be faced.
 1. (TCO 3) Imagine you are creating a marketing plan for a company that will sell kites. As you consider the marketing program, what types of strategy should you consider including in the plan? Propose one specific example of each type of strategy that you are considering and present your rationale (reasoning) for your strategy selections.
 2. (TCO 1) Imagine you are the marketing manager responsible for developing marketing strategy for a bicycle company. Propose the strategic marketing process you will use being sure the name the stages, the activities included in the stages and stage specific examples related to marketing bicycles.
 3. (TCO 4) Managing the product through successive stages of the product life cycle is an important role for a product manager. Assess the three ways to manage a product through its life cycle including examples to help clarify your assessment. Indicate the reasoning why you would prefer one method over another in a given situation. You can use any product in your examples.
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BUSN 319 Final Exam (Updated 2014) - Devry
BUSN 319 Final Exam (Updated 2014) - Devry
IF You Want To Purcahse A+  Work then Click The Link Below For Instant Down Load
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IF You Face Any Problem Then E Mail Us At  [email protected]
1. (TCO 4) Three commonly used methods of evaluating marketing programs are marketing metrics, marketing dashboards and
2. (TCO 1) Marketing plans must enable results to be compared with planned targets which allows __________, the flexibility to update original plans.
 3. (TCO 3) Which marketing strategy involves retaining focus on a single product line but marketing it to new markets?
 4. (TCO 1) Based on relative competitive scope (broad target to narrow target) and source of competitive advantage (lower cost to differentiation), Porter's four generic business strategies are cost leadership, cost focus, differentiation focus, and
 5. (TCO 2) Which of the following pieces of information is used in the implementation phase of the strategic marketing process?
 6. (TCO 6) Which of the following pieces of information is used in a SWOT analysis, the first step of the planning phase of the strategic marketing process?
7. (TCO 3) When developing the advertising program, which step helps advertisers with other choices in the process such as selecting media and evaluating a campaign?
8. (TCO 2) The proper blend of elements in the promotional mix depends on the type of product. The three specific characteristics to be considered are complexity, risk, and__________.
9. (TCO 4) At which stage in the product life cycle would your promotional objective be to persuade the consumer to buy the product rather than substitutes?
10. (TCO 2) The __________ includes advertising, personal selling, sales promotion, public relations and direct marketing
. 11. (TCO 8) Which of the following statements about the terms used for marketing intermediaries is true?
12. (TCO 7) Conspiracy among firms to set prices for a product is called
13. (TCO 2) Which of the following is NOT one of the six major pricing objectives?
 14. (TCO 3) The ratio of perceived benefits to __________ is called value.
15. (TCO 6) Aggregating prospective buyers into groups that have common needs and will respond similarly to a marketing action is called
 16. (TCO 5) A company engaged in environmental scanning is
17. (TCO 1) A key role of the marketing department is to
 18. (TCO 1) Which of the following statements about relationship marketing is most true?
1. (TCO 1) Cole works for a company that requested all of its staff to purchase new toys and bring them into the office during the month of December for holiday distribution to families in need. Cole was excited about choosing some toys for this event, purchased several and brought them to work. After Cole dropped the toys off, he felt very happy and satisfied that he had helped others with his donation. Was this a marketing exchange?
2. (TCO 6) Which of the following would be the BEST the target market for tickets to the home games of the Indianapolis Colts professional football team?
 3. (TCO 3) The owners of Old School Brand Authentic Antique Foods researched Civil War records to come up with recipes for the old-fashioned products they market. Concern about the __________ element of the marketing mix would make them eager to be featured in an upcoming edition of Taste of Home magazine
. 4. (TCO 5) Google's myspace.com is a social network that is targeted primarily to people under the age of 25. Increasing use of myspace.com as a networking tool for this target market is an example of how __________ forces impact the marketing
5. (TCO 7) Recently a federal appeals court rendered a unanimous decision that Microsoft Corp. does not have an automatic right to put whatever features it wants into its Windows operating system; rather each new feature needs to be evaluated separately. Many of these features are also made by much smaller companies. This ruling grew out of the power that Microsoft holds in the software market because it owns a major share of the marketplace. What purpose did this ruling have?
6. (TCO 6) Graham-Field Health Products makes hospital beds and wheelchairs from component parts and materials it buys. It sells its products to hospitals, nursing homes and retailers of health care products. Graham-Field Health Products operates in a(n) __________ market.
7. (TCO 1) Several years ago, SwissAir made some unwise investments to pay for a planned expansion. As a result, the company had to make some cost-cutting moves that alienated its customers. Eventually the company declared bankruptcy, regrouped and found itself able to resume business. Its board of directors recently announced that the company would resume flying if it could prove that the airlines could regain at least 75 percent of its lost customers. It decided to allot $50,000 to determine the probability that its former customers would fly on the airline again and what methods requiring little or no money could be used to increase that probability. This description represents which stage in the marketing research approach?
 8. (TCO 3) DirectProtect is an insurance provider that uses telemarketers rather than insurance agents to sell its insurance and to deal with claims. It wants to introduce its product into new markets, but before it does so, it wants to have a prediction of how successful its sales efforts will be. One of the first things researchers did was to invite a group of eight people with insurance in to talk about home and auto insurance with a moderator. One of the purposes of this exploratory research was to gather information about the group members' attitudes toward insurance and their awareness of DirectProtect. While additional research still needs to be done, the marketing researchers were able to use a focus group to gather __________ data.
 9. (TCO 4) Sara Burns is the owner of a company called Spice and was looking for a new product to go with her company's line of food condiments when a friend suggested combining spices with tea. In the __________ stage of the new-product process, the spices and tea mixtures were exposed to prospective consumers under realistic purchase conditions.
10. (TCO 4) A few years ago Who Wants to Be a Millionaire premiered as the first nighttime game show in a couple of decades. Once the show became a hit and televised several nights a week, other networks quickly created their own version of what they hoped to be a successful game show format. Greed and Twenty-One are the names of but two of the new shows that were created to compete with Who Wants to Be a Millionaire. At this point in time the nighttime televised game show genre entered which stage of its product life cycle?
 11. (TCO 8) When the Avon representative sells cosmetics door-to-door, it is an example of which type of marketing channel?
 12. (TCO 2) To promote its theme parks to groups, Disney is using advertising, direct marketing, Internet promotion and partnerships with other companies. In other words, Disney is using
 13. (TCO 2) When a news story covers a terrible disaster and viewers are asked to send donations to the American Red Cross, the American Red Cross is receiving
14. (TCO 8) Assume McDonald's is engaging in a market penetration strategy. Which of the following actions best illustrates a market penetration strategy?
 15. (TCO 5) Microsoft, Intuit and, Yahoo are building new facilities in Quincy, WA, a town that previously had a population of 3,500. Along with these new neighbors, the residents of Quincy are also going to get more traffic lights, a strip mall, higher housing prices and, new jobs. This example best illustrates a(n) ___________ change with which the people and businesses of Quincy will be faced.
 1. (TCO 3) Imagine you are creating a marketing plan for a company that will sell kites. As you consider the marketing program, what types of strategy should you consider including in the plan? Propose one specific example of each type of strategy that you are considering and present your rationale (reasoning) for your strategy selections.
 2. (TCO 1) Imagine you are the marketing manager responsible for developing marketing strategy for a bicycle company. Propose the strategic marketing process you will use being sure the name the stages, the activities included in the stages and stage specific examples related to marketing bicycles.
 3. (TCO 4) Managing the product through successive stages of the product life cycle is an important role for a product manager. Assess the three ways to manage a product through its life cycle including examples to help clarify your assessment. Indicate the reasoning why you would prefer one method over another in a given situation. You can use any product in your examples.
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BSOP 429 Week 8 Final Exam – Updated 2014
BSOP 429 Week 8 Final Exam – Updated 2014
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 BSOP 429 Week 8 Final Exam – Set 1
·         Page 1
1. (TCO 4) The priority rule, which will sequence jobs in the order they are received, is _____. (Points : 5)
2. (TCO 2) In an assignment method problem, if it takes Abe 3 hours to build a birdhouse and 4 hours for a doghouse, and Betty takes 4 hours for a birdhouse and 3 hours for a doghouse, what is the reduced cost (in hours) of assigning Betty to build the doghouse? (Points : 5)
3. (TCO 2) A major difference between manufacturing and service systems in terms of scheduling is (Points : 5)
4. (TCO 3) Scheduling in service systems may involve scheduling which of the following?(Points : 5)
5. (TCO 5) The owner and operator of the local franchise of Handyman, Inc., has four jobs to do today, shown in the order they were received:
6. (TCO 6) Building up an inventory of standard parts or modules instead of immediately producing the finished end items is the essence of (Points : 5)
7. (TCO 7) With regard to suppliers, JIT systems typically require (Points : 5)
8. (TCO 10) Which of the following is characteristic of the JIT philosophy? (Points : 5)
9. (TCO 1) In make-to-stock systems, fluctuations in sales volume are managed through which of the following? (Points : 5)
10. (TCO 5) In an MRP master schedule, the planning horizon is often separated into a series of times periods called (Points : 5)
·         Page 2
1. (TCO 8) Explain how cellular manufacturing represents a flexible manufacturing system. (Points : 25)
2. (TCO 11) State the four building blocks of lean operations, and explain how fast and simple are the two common threads that run through them. (Points : 25)
3. (TCO 9) Elaborate on the statement: “The output of the system cannot exceed the output of the bottleneck operation(s).” (Points : 25)
4. (TCO 4) Differentiate between infinite loading and finite loading as two major approaches used to load work centers. (Points : 25)
5. (TCO 12) The theory of constraints has a goal of maximizing flow through the entire system. (Points : 25)
6. (TCO 2) Refer to the following data for jobs waiting to be processed at a single work center (jobs are shown in order of arrival):
7. (TCO 10) Respond to the question: “Which is better, MRP or JIT?” (Points : 25)
8. (TCO 1) The design of the MPC system is influenced by some key features of market demand and product design. Name the key features that will lead to an assemble-to-order system and explain the rationale. (Points : 25)
9. (TCO 6) Market requirements drive the choice of the shop floor system approach. Describe and explain the type of market requirements that would be suitable for an MRP-based system, along the lines of product design, product variety, product volume per period, product mix changes, and delivery schedule changes. (Points : 25)
10. (TCO 10) Manufacturing strategy also drives the choice of shop floor system. Describe and explain the strategies that lend themselves to a JIT-based system, from the perspective of WIP, changeover cost, and process choice. (Points : 25)
BSOP 429 Week 8 Final Exam – Set 2
·         Page 1
1. (TCO 4) The two different approaches to load work centers in job-shop scheduling are (Points : 5) 2. (TCO 2) The priority rule where jobs are processed according to the smallest ratio of due date to processing time is (Points : 5) 3. (TCO 2) A scheduling rule used for sequencing jobs through two work centers is (Points : 5) 4. (TCO 3) The owner and operator of the local franchise of Handyman, Inc., has four jobs to do today, shown in the order they were received:……………….If he uses the first-come, first-served (FCFS) priority rule to schedule these jobs, what will be the average completion time? (Points : 5) 5. (TCO 5) The ultimate goal of JIT operations is to have (Points : 5) 6. (TCO 6) Building up an inventory of standard parts or modules instead of immediately producing the finished end items is the essence of (Points : 5) 7. (TCO 7) A kanban card is used to signal that (Points : 5) 8. (TCO 10) The type of processing system that is used for highly standardized products is (Points : 5)
·         Page 2
1. (TCO 8) Does cellular manufacturing apply best to repetitive, high-volume product or nonrepetitive, low-volume product? Explain and give an example. (Points : 25) 2. (TCO 11) Validate or invalidate the statement that although inventories are maintained, the goal of lean operations is to maintain a minimum of safety stock. (Points : 25) 3. (TCO 9)Elaborate on the statement: “The output of the system cannot exceed the output of the bottleneck operation(s).” (Points : 25) 4. (TCO 4) Differentiate between infinite loading and finite loading as two major approaches used to load work centers. (Points : 25) 5. (TCO 12) Explain why batch process helps maximize worker efficiency. (Points : 25) 6. (TCO 2) Refer to the following data for jobs waiting to be processed at a single work center (jobs are shown in order of arrival):……………………Batch job requires specialized operations carried out by different workers or group of workers and so there is a need for more specialization and standardization. What is the schedule sequence using the first-come, first-served (FCFS) priority rule? (Points : 25) 7. (TCO 10) Respond to the question: “Which is better, MRP or JIT?” (Points : 25) 8. (TCO 1) The design of the MPC system is influenced by some key features of market demand and product design. Name the key features that will lead to a make-to-stock system and explain the rationale. (Points : 25) 9. (TCO 6) Market requirements drive the choice of the shop floor system approach. Describe and explain the type of market requirements that would be suitable for an MRP-based system, along the lines of product design, product variety, and product volume per period, product mix changes, and delivery schedule changes. (Points : 25) 10. (TCO 10) Manufacturing strategy also drives the choice of shop floor system. Describe and explain the strategies that lend themselves to a JIT-based system, from the perspective of WIP, changeover cost, and process choice. (Points : 25)
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BIS 155 Final Exam – DeVry
BIS 155 Final Exam – DeVry
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BIS 155 Final Exam - DeVry
BIS 155 Final Exam - DeVry
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DeVry BIS 155 Final Exam Latest
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ACCT 553 (Federal Taxes Mgmt Decisions) Final Exam  DeVry – Latest 2014
ACCT 553 (Federal Taxes Mgmt Decisions) Final Exam  DeVry – Latest 2014  
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1. (TCO E) For federal tax purposes, income attributable to the direct efforts of the tax payer, such as salary, is classified as: (Points : 5) portfolio income. active income. passive income. None of the above
2. (TCO D) Which of the following is an example of a nontaxable like-kind exchange? (Points : 5) An ice cream making machine for inventory of Rocky Road ice cream Land for an office building Office equipment for a computer All of the above
3. (TCO H) Alex and Amy file a joint return for the 2012 tax year. Their adjusted gross income is $90,000. They had net investment income of $8,000. In 2012, they had the following interest expenses: • Personal credit card interest: $5,000 • Home mortgage interest: $10,000 • Interest paid on qualified education loans: $2,000 • Investment interest (on loans used to buy stocks): $10,000 What is the interest deduction for Alex and Amy for the 2012 tax year? (Points : 5) $8,000 $12,000 $20,000 $18,000
4. (TCO B) Unreimbursed expenses of employees are considered to be deductions: (Points : 5) for AGI. from AGI. for or from AGI, depending on the type of expense. None of the above
5. (TCO A) Which of the following expenditures is always an itemized deduction for individual taxpayers? (Points : 5) Charitable contributions State and local income taxes Moving expenses All of the above
6. (TCO E) Adam sold a piece of business equipment that had an adjusted basis to him of $50,000. In return for the equipment, Adam received $80,000 cash and a painting with a fair market value of $20,000 from the buyer. The buyer also assumed Adam’s $25,000 loan on the equipment. Adam paid $5,000 in selling expenses. What is the amount of Adam’s gain on the sale? (Points : 5) $90,000 $125,000 $80,000 $70,000
7. (TCO I) Gary and Gerdy Gray purchased a home for $125,000 on September 15, 2010. On October 7, 2011 they were divorced, and as part of the divorce agreement, the home was transferred to Gerda, who sold the home on October 18, 2012 for $350,000. How much can Gerda exclude? (Points : 5) $350,000 $250,000 $225,000 $0
8. (TCO I) Under the accrual method of accounting, expenses are generally accrued when: (Points : 5) the expenses are actually incurred. the taxpayer elects to take the deduction. payment is made. None of the above
9. (TCO D) Sean, a calendar year taxpayer, purchased stock on June 18, 2011 for $8,000. The stock became worthless on June 4, 2012. What is Sean’s loss in 2012? (Points : 5) $8,000 short-term capital loss No loss $8,000 long-term capital loss $8,000 itemized deduction for investments
10. (TCO A) Which of the following is a primary source of tax authority? (Points : 5) Revenue ruling Tax Court case Temporary regulation All of the above
11. (TCO F) A nonbusiness bad debt is deductible for tax purposes as a(n): (Points : 5) short-term capital loss. itemized deduction. long-term capital loss. ordinary business deduction.
12. (TCO A) The art of using existing tax laws to pay the least amount of tax legally possible is known as: (Points : 5) tax evasion. tax avoidance. tax elusion. None of the above
13. (TCO C) Which of the following items is not taxable? (Points : 5) Interest on U.S. Treasury bills, notes, and bonds issued by an agency of the United States Interest on federal income tax refund Interest on New York State bonds Discount income in installment payments received on notes bought at a discount
14. (TCO B) Under the terms of their divorce agreement executed in October 2011, Keith transferred Corporation M stock to his former wife, Karen, as a property settlement. At the time of the transfer, the stock had a basis to Keith of $20,000 and a fair market value of $50,000. What is the tax consequence of this transaction to Keith, and what is Karen’s basis in the Corporation M stock? (Points : 5) Keith has a gain of $30,000; Karen’s basis is $20,000. Keith has a gain of $30,000; Karen’s basis is $50,000. Keith has no gain or loss; Karen’s basis is $20,000. Keith has no gain or loss; Karen’s basis is $50,000.
15. (TCO G) During 2012, Edward East had wages of $10,000 and received unemployment compensation of $6,200 from the state. Edward is single and 45 years old. What is the amount of unemployment compensation to be included in his gross income? (Points : 5) $0 $2,100 $4,200 $6,200
16. (TCO F) Hobby expenditures are deductible to the extent of: (Points : 5) total individual gross income. hobby gross income. trade or business gross income. nonbusiness gross income.
Page: 1 2
Essays
1. (TCO E) In 2012, Uriah Stone received the following payments: • Interest on refund of federal income tax for 2011: $400 • Interest on award for personal injuries in 2009 automobile accident: $300 • Interest on municipal bonds: $1,500 • United States savings bonds interest (Series H): $1,000 What amount, if any, should Mr. Stone report as interest income on his 2012 tax return?
2. (TCO G) Would any of the following items be deductible on an individual’s income tax return? If so, would the item be deductible for or from AGI? Explain each item. (a) Hobby expenditures of $2,000 in excess of hobby gross income (b) $3,000 loss on the sale of a personal sailboat (c) Interest of $8,000 on money borrowed to purchase tax-exempt securities (Points : 17)
3. (TCO F) Michael and Mary Mason sold for $380,000 in November of 2012 their residence that they had purchased in 2002 for $75,000. They made major capital improvements during their 10-year ownership totaling $25,000. (a) What is their excluded gain? How much must they recognize? (b) Suppose, instead, that the Masons sold their home for $720,000. They moved into a smaller house costing $220,000. What is their excluded gain? How much must they recognize? (Points : 17)
4. (TCO G) John Baron, a professional baseball player, raises Black Angus cattle under circumstances that would indicate that the activity is a hobby. His adjusted gross income for the year is $50,000, and he has $500 of other miscellaneous itemized deductions, all of which are subject to the two-percent floor. During the taxable year, the feed for the cattle cost $1,500. The income from the sale of cattle was $1,400.
(a) Under the hobby loss rule, to what extent is the expense of $1,500 deductible? (b) Under the two-percent-of-adjusted-gross-income limitation, how much is the overall deductible amount of his itemized deductions?
5. (TCO I) Rick, a single individual with a salary of $45,000, incurred and paid the following expenses during the year: Student loan interest: $800 Medical expenses: $5,000 Alimony: $11,000 Mortgage interest on personal residence: $3,000 State income taxes: $4,000 Moving expenses: $1,500 Contribution to a traditional IRA: $2,000 Analyze the above expenses, and determine which ones are deductible for AGI. Please support your position.
6. (TCO I) Kim had the following transactions for 2012: Salary: $48,000 Damage award (compensatory) for city bus accident: $18,000 Loss on sale of stock investment: $5,600 Loan from father to purchase auto: $14,000 Alimony paid to ex-wife: $8,000 What is Kim’s AGI for 2012?
7. (TCO F) Sara owns a sole proprietorship, and Phil is the sole shareholder of a C (regular) corporation. Each business sustained a $9,000 operating loss and a $2,000 capital loss for the year. Evaluate how these losses will affect the taxable income of the two owners? (Points : 17)
8. (TCO B) Dave forms a corporation and transfers property having a basis to him of $22,000 and a fair market value of $29,000 to the corporation for 1,000 shares of $11 par stock. One year later, Hank transfers property having a basis to him of $3,500 and a fair market value of $4,500 for 100 shares of the stock. Hank is not related to Dave. The corporation issued no other stock. (a) How much gain does Dave recognize on his exchange? What is the basis to Dave of his 1,000 shares? (b) What gain or loss is recognized by the corporation when it issues its shares to Dave? What is the basis to the corporation of the property it received from Dave? (c) What is the gain or loss that Hank recognizes on this transaction, and what is his basis in his 100 shares?
9. (TCO F) In 2012, OK Company had a net loss of $82,000 from operations. Jane owns OK Company and works 20 hours a week in the business. She has a large amount of income from other sources and is in the 35% marginal tax bracket. Would Jane’s tax situation be better if OK Company were a proprietorship or a C corporation? Explain why.
10. (TCO H) On May 18, 2012, Sara purchased 30 shares of ABC stock for $210, and on October 29, 2012, she purchased 90 additional shares for $900. On November 28, 2012, she sold 48 shares, which could not be specifically identified, for $576, and on December 8, 2012, she sold another 25 shares for $150. What is her recognized gain or loss?
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ACCT 346 (Managerial Accounting) Final Exam  – LATEST
ACCT 346 (Managerial Accounting) Final Exam  – LATEST
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 Question 1.1. (TCO 1) How does managerial and financial accounting differ in terms of the amount of detail presented and nonmonetary and monetary information? (Points : 15)
 Question 2.2. (TCO 2) What is an indirect labor cost?  What is an example of an indirect labor cost?  (Points : 15)
 Question 3.3. (TCO 3) What is the difference between job order and process costing?  (Points : 15)
 Question 4.4. (TCO 4)  What is a fixed cost?  What is an example of a fixed cost? (Points : 15)
 Question 1.1. (TCO 5) What is full costing?  How does it differ from variable costing? (Points : 15)
 Question 2.2. (TCO 6)  What is the first step in the cost allocation process? What is done in this step? (Points : 15)
 Question 3.3. (TCO 7)  What is an incremental cost?  What is an example of one? (Points : 15)
 Question 4.4. (TCO 8) What is activity-based pricing?  How is the price determined? (Points : 15)
 Question 1.1. (TCO 6) Name the steps in the ABC approach.  Describe each of them.  Which do you think is the most important step? Why? (Points : 30)
 Question 2.2. (TCO 7) Products Kappa and Sigma are joint products. The joint production cost of the products is $800. Kappa has a market value of $450 at the split-off point. If Kappa is further processed at an additional cost of $600, its market value is $1,400. Product Sigma has a market value of $1,150 at the split-off point. If Product Sigma is further processed at an additional cost of $300, its market value is $1,400. Using the relative sales value method, calculate the joint product cost that would be allocated to Kappa and Sigma.  How do you know if one of the products should be further processed?  (Points : 30)
 Question 3.3. (TCO 8) A company must incur annual fixed costs of $4,000,000 and variable costs of $400 per unit and estimates that it can sell 40,000 pumps annually and marks up cost by 30 percent.  Using cost-plus pricing, what is the cost per unit and the price? What are advantages and disadvantages of cost-plus pricing?(Points : 30)
  Question 1.1. (TCO 9) A project will require an initial investment of $250,000 and will return $50,000 each year for seven years. If taxes are ignored and the required rate of return is 9%, what is the project’s net present value? Based on this analysis, should the company proceed with the project? (Points : 30)
 Question 2.2. (TCO 10) Why does a company perform ratio analysis?  What are the debt-related ratios?  Describe the formula for one debt-related ratio and explain how to interpret the ratio. (Points : 30)
 Question 1.
Question :
(TCO 1) Who are the users of managerial accounting    information?  How does their use of accounting information differ from    the users of financial accounting information?
  (TCO 2) What is an indirect labor cost?  What is an example of an indirect labor cost? 
 TCO 3)  What is job-order costing?  What type of company would us job-order costing?
 (TCO 4)  What is a variable cost?   What is an example of a variable cost?
 (TCO 5) What is full  costing?  How does it differ from variable costing?
 (TCO 6)   Explain why companies might choose to allocate the costs of their service  departments (ie. Human Resources, Maintenance, Mailroom, etc…) to their  production departments.  Also describe some typical bases companies use  to base their allocations on.  Last, what should a company be mindful of  when analyzing the profitability of segments that have allocated costs. 
  (TCO 7)  What  is an incremental cost?  What is an example of one?
  (TCO 8)  What  is cost plus pricing?  How does the company determine the profit level?
 Gina’s Boutique  makes custom jewelry. One item, the guru necklace, is a best seller and  sales in units for the first quarter are as follows: 
 Acme Fireworks uses  a traditional overhead allocation based on direct labor hours. For  the current year overhead is estimated at $1,000,000 and direct  labor hours are budgeted at 200,000 hours. Actual hours worked were  195,000 and actual overhead was $978,000. 
 Question :
(TCO 9) A project will require an initial investment of    $300,000 and will return $75,000 each year for eight years. If taxes are    ignored and the required rate of return is 9%, what is the project’s net    present value? Based on this analysis, should the company proceed with the    project?
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ACCT 344 Final Exam
ACCT 344 Final Exam
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ACCT 221 (Principles of Accounting II) FINAL EXAM – Latest One
ACCT 221 (Principles of Accounting II) FINAL EXAM – Latest One  
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 Part A.
On January 1, 2014, Flip Corporation had 560,000 shares of $1 par value common stock issued and outstanding. There was a $3,000,000 balance in the Retained Earnings account at the beginning of the year. During the first quarter of the year, the following transactions occurred:
 Jan. 8
Issued 40,000 shares of its own common stock  for $400,000.
Jan. 18
Declared a cash dividend of $1 per share to  stockholders of record on Jan. 10.
Jan. 31
Paid the $1 cash dividend declared on Jan.  18.
Feb. 2
Purchased 3,000 shares of its own common  stock for the treasury at $11 per share.
Feb. 14
Sold 2,000 shares of the treasury stock  purchased on Feb. 2 for $12 per share.
March 25
Declared a 2 for 1 stock split on  outstanding shares.
 Instructions
Prepare journal entries to record the above transactions.
 Part B.
The following information is available for Flip Corporation for the year ended December 31, 2014:
 Beginning retained earnings                                                         $   340,000
Cost of goods sold                                                                             620,000
Declared cash dividends                                                                     50,000
Operating expenses                                                                           170,000
Other expenses and losses                                                                 40,000
Other revenues and gains                                                                   60,000
Sales                                          ��                                                    1,000,000
Tax rate                                                                                                   30%
  Instructions:
1.         Prepare a corporate income statement in good form.
  2.         Prepare a retained earnings statement for the year.
Question 2: 10 points:
January 1, 2014 Flip Company purchased 35,000 shares of common stock of Flop Corporation as a long-term investment for $900,000. December 31, 2014, Flop Corporation reported net income of $300,000 and paid dividends of $100,000.
 Instructions:
a.      Assuming that the 35,000 shares represent a 10% interest in Flop Corporation:
1.   Prepare the journal entry to record the investment in Flop stock.
2.   Prepare any entries that Flip Company should make in accounting for its investment in Flop stock during the year.
3.   What is the balance of the Stock Investments account on Flip Company’s books at the end of the year?
 b.      Repeat requirement (a) above except assume that the 35,000 shares represent a 20% interest in Flop Corporation.
 Question 3: 15 points: The following information is available for Flip Corporation for the year ended December 31, 2014:
 Collection of principal on long-term loan to a supplier                                     $15,000
Acquisition of equipment for cash                                                                      10,000
Proceeds from the sale of long-term investment at book value                          20,000
Issuance of common stock for cash                                                                    27,000
Depreciation expense                                                                                          28,000
Redemption of bonds payable at carrying (book) value                                     35,000
Payment of cash dividends                                                                                 15,000
Net income                                                                                                          25,000
Purchase of land by issuing bonds payable                                                        45,000
 In addition, the following information is available from the comparative balance sheet for Flip at the end of 2013 and 2014:
 2014                        2013
Cash                                                                            $  66,000                 $14,000
Accounts receivable (net)                                               20,000                   16,000
Prepaid insurance                                                            18,000                   13,000
Total current assets                                                     $104,000                 $43,000
 Accounts payable                                                        $  30,000                 $20,000
Salaries payable                                                                 3,000                     7,000
Total current liabilities                                                $  33,000                 $27,000
 Instructions: Prepare Flip’s statement of cash flows for the year ended December 31, 2012 using the indirect method.
  Question 4: 10 points:
 Flip Corporation prepared the following income statement for 2014:
 Flip Corporation
Income Statement
For the Year Ended December 31, 2014
———————————————————————————————————————————
Sales (20,000 units)………………………………………………………………………………….             $600,000
Variable expenses……………………………………………………………………………………               360,000
Contribution margin…………………………………………………………………………………               240,000
Fixed expenses………………………………………………………………………………………..              150,000
Net income……………………………………………………………………………………………..             $  90,000
 Instructions:
Answer the following independent questions and show computations to support your answers.
1.   What is the company’s break-even point in units?
 2.   How many more units would the company have had to sell to earn net income of $150,000 in 2014?
 3.   If the company expects a 25% increase in sales in 2015, what would be the expected net income in 2015?
 4.   How much sales dollars would the company have to generate in order to earn a target net income of $160,000 in 2015?
     Question 5: 7 points:
Flip Inc. provided the following information:
April                May                 June
Projected merchandise purchases             $184,000         $156,000         $132,000
·         Flip pays 40% of merchandise purchases in the month purchased and 60% in the following month.
·         General operating expenses are budgeted to be $62,000 per month of which depreciation is $8,000 of this amount. Hoover pays operating expenses in the month incurred.
·         Flip makes loan payments of $8,000 per month of which $700 is interest and the remainder is principal.
 Instructions: Calculate budgeted cash disbursements for May.
 Question 6: 6 points:
 Flip Enterprises produces miniature parasols. Each parasol consists of $1.20 of variable costs and $.90 of fixed costs and sells for $4.50. A Dutch wholesaler offers to buy 8,000 units at $1.40 each, of which Pederson has the capacity to produce. Flip will incur extra shipping costs of $.12 per bear.
 Instructions: Determine the incremental income or loss that Flip Enterprises would realize by accepting the special order.
  Question 7: 6 points:
 Flip Inc. produces several models of clocks. An outside supplier has offered to produce the commercial clocks for Flip for $270 each. Flip needs 1,500 clocks annually. Flip has provided the following unit costs for its commercial clocks:
Direct materials                                 $100
Direct labor                                         110
Variable overhead                                 30
Fixed overhead (70% avoidable)        150
 Instructions: Prepare an incremental analysis which shows the effect of the make-or-buy decision.
 Question 8: 6 points:
 Flip Inc. relies heavily on a copier to process its paperwork. Recently, the copy clerk has not been able to process all the necessary copies within the regular workweek.  Management is considering updating the current copier with a new faster model.
 Current copier
New Model
Original purchase  cost
$12,000
$22,000
Accumulated  depreciation
6,000
0Estimated annual  operating costs
8,000
4,000
Useful life in years
4
4
 If sold now, the current copier would have a sales value of $1,000.  If operated for the remainder of its useful life, the current copier would have $0 salvage value.  The new copier is expected to have $1,200 salvage value after 4 years. Prepare an analysis to show whether the company should retain or replace the copier.
 Multiple choice questions allocated 1 point each. Make your selection by recording the letter in the answer box provided.
 Question 9: Which one of the following would not be classified as manufacturing overhead?
a.   Indirect labor
b.   Direct materials
c.   Insurance on factory building
d.   Indirect materials
 Question 10: The product cost that is most difficult to associate with a product is
a.   direct materials.
b.   direct labor.
c.   manufacturing overhead.
d.   advertising.
 Question 11: Direct materials and direct labor of a company total $9,000,000. If manufacturing overhead is $4,000,000, what is direct labor cost?
a.   $5,000,000
b.   $9,000,000
c.   $0
d.   Cannot be determined from the information provided
 Question 12: A manufacturing company calculates cost of goods sold as follows:
a.   Beginning FG inventory + cost of goods purchased – ending FG inventory.
b.   Ending FG inventory – cost of goods manufactured + beginning FG inventory.
c.   Beginning FG inventory – cost of goods manufactured – ending FG inventory.
d.   Beginning FG inventory + cost of goods manufactured – ending FG inventory.
 Question 13: As of December 31, 2014, Flip Industries had $3,500 of raw materials inventory. At the beginning of 2014, there was $2,000 of materials on hand. During the year, the company purchased $314,500 of materials; however, it paid for only $302,500. How much inventory was requisitioned for use on jobs during 2014?
a.   $301,000
b.   $304,000
c.   $316,000
d.   $313,000
 Question 14: Flip Manufacturing has the following labor costs:
Factory—Gross wages                                    $450,000
Factory—Net wages                                         420,000
Employer Payroll Taxes Payable                         40,000
The entry to record the cost of factory labor and the associated payroll tax expense will include a debit to Factory Labor for
a.   $450,000.
b.   $490,000.
c.   $460,000.
d.   $420,000.
 Question 15: The following information is available for completed Job No. 404: Direct materials, $60,000; direct labor, $90,000; manufacturing overhead applied, $120,000; units produced, 6,000 units; units sold, 5,000 units. The cost of the finished goods on hand from this job is
a.   $45,000.
b.   $270,000.
c.   $54,000.
d.   $225,000.
 Question 16: Cost of goods manufactured equals $67,000 for 2014. Finished goods inventory is $5,500 at the beginning of the year and $2,000 at the end of the year. Beginning and ending work in process for 2014 are $5,000 and $4,000, respectively. How much is cost of goods sold for the year?
a.   $72,500
b.   $69,000
c.   $63,500
d.   $70,500
 Question 17: Flip Industries has equivalent units of 8,000 for materials and for conversion costs. Total manufacturing costs are $160,000. Total materials costs are $120,000. How much is the conversion cost per unit?
a.   $15.
b.   $5.
c.   $40.
d.   $20.
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ACC 561 Final Exam – Latest
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ACC 561  Final Exam 
  Which of the following is an advantage of corporations relative to partnerships and sole proprietorships?
 The group of users of accounting information charged with achieving the goals of the business is its 
 Which of the following financial statements is concerned with the company at a pointin time?
 An income statement
 The most important information needed to determine if companies can pay theircurrent obligations is the
 A liquidity ratio measures the
 The convention of consistency refers to consistent use of accounting principles
 Horizontal analysis is also known as
 Horizontal analysis is a technique for evaluating a series of financial statement dataover a period of time
 Vertical analysis is a technique that expresses each item in a financial statement
 Process costing is used when
 An important feature of a job order cost system is that each job
 In a process cost system, product costs are summarized:
 An activity that has a direct cause-effect relationship with the resources consumed is a(n)
 Activity-based costing
 A cost which remains constant per unit at various levels of activity is a
 The break-even point is where
 Fixed costs are $600,000 and the contribution margin per unit is $150. What is the break-even point? 
 When a company assigns the costs of direct materials, direct labor, and both variableand fixed manufacturing overhead to products, that company is using 
 If a division manager’s compensation is based upon the division’s net income, themanager may decide to meet the net income targets by increasing production when using
 An unrealistic budget is more likely to result when it
 A major element in budgetary control is
 The purpose of the sales budget report is to 
 The accumulation of accounting data on the basis of the individual manager who has the authority to make day-to-day decisions about activities in an area is called
 Variance reports are
 Internal reports that review the actual impact of decisions are prepared by 
 The process of evaluating financial data that change under alternative courses of action is called 
 Seasons Manufacturing manufactures a product with a unit variable cost of $100 anda unit sales price of $176. Fixed manufacturing costs were $480,000 when 10,000 units were produced and sold. The company has a one-time opportunity to sell an additional 1,000 units at $140 each in a foreign market which would not affect its present sales. If the company has sufficient capacity to produce the additional units, acceptance of the special order would affect net income as follows:
 Carter, Inc. can make 100 units of a necessary component part with the following costs:
 Direct Materials $120,000
 Direct Labor 20,000
 VariableOverhead 60,000
 Fixed Overhead 40,000
 If Carter can purchase the component externally for $220,000 and only $10,000 of the fixed costs can be avoided, what is the correct make-or-buy decision?
 A company has a process that results in 15,000 pounds of Product A that can be sold for $16 per pound. An alternative would be to process Product A further at a cost of $200,000 and then sell it for $28 per pound. Should management sell Product A now  or should Product A be processed further and then sold? What is the effect of the action?
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