Business and Management Question – none
Pearl Inc. purchased land, building, and equipment from Laguna Corporation for a cash payment of $459,900. The estimated fair values of the assets are land $87,600, building $321,200, and equipment $116,800. At what amounts should each of the three assets be recorded? (Round intermediate percentage calculations to 5 decimal places e.g. 18.25124 and final answers to 0 decimal places, e.g. 5,275.)
Business and Management Question – 1. Prepayments by customers
Prepayments by customers
Business and Management Question – Crosby
Crosby Inc. has just developed a new product called The Cruiser. The Marketing Vice President has developed three marketing approaches to selling The Cruiser. Downlaod the attachment and then rank the three approaches, highest to lowest, in order of net contribution margin. Be sure to answer all questions within the spreadsheet.
Business and Management Question – Group Work
Overview:
This week you will analyze and classify the costs of your cookie company and evaluate contribution margin.
Deliverables:
Review your Individual Project Submission where you developed a job cost card for your cookie and made a list of potential overhead costs.
Create an Excel spreadsheet as outlined below. Be sure that your completed spreadsheet has answers to all of the questions below.
In a table, on the first tab of the spreadsheet, classify your costs as variable, fixed, or mixed. Note: Now that you have a more robust understanding of cost accounting you may need to add some overhead costs to your list. Think about both the ecommerce costs as well as the production facility costs.
On the second tab of your Excel spreadsheet, prepare a high-low analysis of your electric costs using the following data. What is your fixed cost of electricity? What is the variable cost of electricity?
This week you will analyze and classify the costs of your cookie company and evaluate contribution margin.
Deliverables:
Review your Individual Project Submission where you developed a job cost card for your cookie and made a list of potential overhead costs.
Create an Excel spreadsheet as outlined below. Be sure that your completed spreadsheet has answers to all of the questions below.
In a table, on the first tab of the spreadsheet, classify your costs as variable, fixed, or mixed. Note: Now that you have a more robust understanding of cost accounting you may need to add some overhead costs to your list. Think about both the ecommerce costs as well as the production facility costs.
On the second tab of your Excel spreadsheet, prepare a high-low analysis of your electric costs using the following data. What is your fixed cost of electricity? What is the variable cost of electricity?
Month
Kilowatt Hours used
Electric costs
January
1866
$230
February
1439
$202
March
1146
$197
April
1046
$190
May
996
$182
June
1760
$225
On the third tab of your spreadsheet prepare a daily contribution margin income statement based on your cost card from Module 02. Note: You will have to make some realistic assumptions about your fixed costs, sales level, and selling and administrative costs. Be sure to list all of your assumptions. What is the contribution margin ratio?
On the fourth tab of your spreadsheet, calculate the break-even in number of cookies per day. What is the break-even in sales dollars each day? How many cookies must you sell in order to earn a daily profit of $1000? Does this seem realistic?
GOES WITH GROUP
Kilowatt Hours used
Electric costs
January
1866
$230
February
1439
$202
March
1146
$197
April
1046
$190
May
996
$182
June
1760
$225
On the third tab of your spreadsheet prepare a daily contribution margin income statement based on your cost card from Module 02. Note: You will have to make some realistic assumptions about your fixed costs, sales level, and selling and administrative costs. Be sure to list all of your assumptions. What is the contribution margin ratio?
On the fourth tab of your spreadsheet, calculate the break-even in number of cookies per day. What is the break-even in sales dollars each day? How many cookies must you sell in order to earn a daily profit of $1000? Does this seem realistic?
GOES WITH GROUP
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