Natalie’s Knick Knacks is a boutique store that sells seasonal merchandise. For this Christmas season, Natalie paid $50,000 for an order of figurines, tree ornaments, candles, and wreaths. Natalie marks up each piece of merchandise by 100% to arrive at the selling price. Thus, if Natalie pays $20 for a figurine, she will price it at $40.
Unfortunately, sales were well below expectations, and Natalie’s revenues were only $65,000 (far less than the $100,000, or $50,000 × 2, that she had hoped for). This presents a quandary for Natalie, who is contemplating what to do with the unsold merchandise. One option is for Natalie’s to store the unsold merchandise for the next 10 months and attempt to sell it the next Christmas season. Natalie estimates that it would cost her $4,000 to properly pack, store, and then unpack all of the unsold merchandise. In addition, because the merchandise would be somewhat dated, Natalie believes that she will only be able to sell 30% of the remaining merchandise the following year (at the current year’s retail price). Any unsold items will have negligible resale value, and Natalie plans to donate them to a local charity.
Alternatively, Natalie could hold a January after-Christmas sale. Specifically, Natalie believes that she can sell 100% of the unsold merchandise if she holds an “80% off sale,” 80% of the unsold merchandise if she holds a “70% off sale,” 55% of the unsold merchandise if she holds a “60% off” sale, and 40% of the unsold merchandise if she holds a “50% off” sale. (The % off is the reduction in the selling price; thus, under a 60% off sale, a figurine priced at $40 would sell for $16, or $40 – [.60 × $40]). Natalie would donate any unsold merchandise to a local charity. (For convenience, restrict attention to these options only).
Required:
a. What options does Natalie face with respect to the unsold merchandise?
b. What is the net cash flow associated with each of Natalie’s options?
c. Based on your answer to part (b), what is the opportunity cost associated with each option?
d. What would you recommend to Natalie?
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Nasson Corporation Manufactures And Sells A Single Product The Company Uses Unit
/in Uncategorized /by developerNasson Corporation manufactures and sells a single product. The company uses units as the measure of activity in itsbudgets and performance reports. During August, the company budgeted for 6,700 units, but its actual level of activitywas 6,730 units. The company has provided the following data concerning the formulas used in its budgeting and itsactual results for August:Data used in budgeting: Fixed Variableelement elementper month per monthRevenue ……………………………………………………………….. $0.00 $29.10Direct labor……………………………………………………………. $0.00 $3.60Direct material ………………………………………………………… 0.00 10.60Manufacturing overhead ………………………………….. 47,000.00 1.20Selling and administrative expenses…………………… 21,500.00 0.80Total expenses……………………………………………….. $68,500.00 $16.20Actual results for August:Revenue ……………………………………………………… $201,053Direct labor……………………………………………………… 24,698Direct material ………………………………………………… 72,588Manufacturing overhead ………………………………….. 55,606Selling and administrative expenses…………………… 25,5541. The direct materials in the flexible budget for August would be closest to:A. $71,020B. $71,338C. $72,913D. $72,2642. The manufacturing overhead in the flexible budget for August would be closest to:A. $55,358B. $55,855C. $55,076D. $55,0403. The net operating income in the flexible budget for August would be closest to:A. $22,506B. $18,317C. $17,930D. $22,708
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Nata Inc Is Considering The Purchase Of A 367 000 Computer With An Economic Life
/in Uncategorized /by developerWorking note 1:Calcualtion of Annual depreciation=>( purchase price salvage value ) / number of years.=>($367,000 67,000) / 5 years=>$60,000 per year.working note 2:Calculation…
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Natalie Decides That She Cannot Afford To Hire John To Do Her Accounting
/in Uncategorized /by developer2019
June 1 Balance 2,657
1 750 3,407
3 Check #600 625 2,782
3 Check #601 95
8 Check #602 56
9 1,050
13 Check #603 425
28Check #604
Deposit
May 31Balance 3,256
June 1 Deposit 750 4,006
6Check # 600 625 3,381
6 Check #601 95 3,286
8 Check #602 56 3,230
9 Deposit 1,050 4,280
10 NSF check 100 4,180
10 NSF-fee 35 4,145
14 Check #603 452 3,693
20 Deposit 125 3,818
23 EFT-Telus 85 3,733
28 Check #599 361 3,372
30 Bank charges 13 3,359
1.On May 31, there were two outstanding checks: #595 for $238 and #599 for $361.
2.Premier Bank made a posting error to the bank statement: check #603 was issued for $425, not $452.
3.The deposit made on June 20 was for $125 that Natalie received for teaching a class. Natalie made an error in recording this transaction.
4.The electronic funds transfer (EFT) was for Natalie’s utilities expense.
5.The NSF check was from Ron Black. Natalie received this check for teaching a class to Ron’s children. Natalie contacted Ron, and he assured her that she will receive a check in the mail for the outstanding amount of the invoice and the NSF bank charge.
(b) Prepare any necessary general journal entries.
(c) If a balance sheet is prepared for Cookie Creations Inc. at June 30, 2015, what balance will be reported as cash in the current assets section?
Can you please help me with this. please
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Natalie S Knick Knacks Is A Boutique Store That Sells Seasonal Merchandise For T
/in Uncategorized /by developerNatalie’s Knick Knacks is a boutique store that sells seasonal merchandise. For this Christmas season, Natalie paid $50,000 for an order of figurines, tree ornaments, candles, and wreaths. Natalie marks up each piece of merchandise by 100% to arrive at the selling price. Thus, if Natalie pays $20 for a figurine, she will price it at $40.
Unfortunately, sales were well below expectations, and Natalie’s revenues were only $65,000 (far less than the $100,000, or $50,000 × 2, that she had hoped for). This presents a quandary for Natalie, who is contemplating what to do with the unsold merchandise. One option is for Natalie’s to store the unsold merchandise for the next 10 months and attempt to sell it the next Christmas season. Natalie estimates that it would cost her $4,000 to properly pack, store, and then unpack all of the unsold merchandise. In addition, because the merchandise would be somewhat dated, Natalie believes that she will only be able to sell 30% of the remaining merchandise the following year (at the current year’s retail price). Any unsold items will have negligible resale value, and Natalie plans to donate them to a local charity.
Alternatively, Natalie could hold a January after-Christmas sale. Specifically, Natalie believes that she can sell 100% of the unsold merchandise if she holds an “80% off sale,” 80% of the unsold merchandise if she holds a “70% off sale,” 55% of the unsold merchandise if she holds a “60% off” sale, and 40% of the unsold merchandise if she holds a “50% off” sale. (The % off is the reduction in the selling price; thus, under a 60% off sale, a figurine priced at $40 would sell for $16, or $40 – [.60 × $40]). Natalie would donate any unsold merchandise to a local charity. (For convenience, restrict attention to these options only).
Required:
a. What options does Natalie face with respect to the unsold merchandise?
b. What is the net cash flow associated with each of Natalie’s options?
c. Based on your answer to part (b), what is the opportunity cost associated with each option?
d. What would you recommend to Natalie?
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Natalie Was Growing Concerned About Her Daughter Brandi S School Performance Bra
/in Uncategorized /by developerNatalie was growing concerned about her daughter Brandi’s school performance. Brandi’s grades had dropped since the beginning of the school year, and she seemed reluctant to go to school. On some days, she complained of vague symptoms, such as a stomachache or a headache. On other days, she simply did not get out of bed. Natalie took her to the doctor, but there was no definitive diagnosis. She questioned Brandi about any problems at school, but Brandi was uncommonly quiet. Natalie then looked at Brandi’s Facebook page and saw a series of comments from Brandi’s friends about a school bully. When Natalie confronted Brandi, the child broke down crying and told the whole story. Another girl, who was two years ahead of her in school, was bullying her. She would tease Brandi in school and leave nasty messages on her Facebook page and had even threatened her on several occasions.
Natalie was furious and immediately arranged a meeting with the teacher and the school principal. The school officials attempted to address the problem by speaking to the girl and her parents. The parents placed their daughter in treatment; she was diagnosed with a behavior disorder and put on medication, which seemed to work. Both the girl’s parents and the school officials explained to Natalie that the girl had an underlying medical condition that caused her to become angry and lack impulse control. The school officials were reluctant to suspend the girl because it was “not her fault” but rather a “biological factor” causing the behavior.
Natalie was still upset. She did not understand why her own daughter should suffer. She had a nagging suspicion that the bully’s parents were using the biological cause as an excuse for their daughter’s bad behavior.
Research the biological, learning, and sociological factors discussed in this module using your textbook, Argosy University online library resources, and the Internet.
On the basis of the scenario and drawing on your readings and research, respond to the following:
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Nathan Company Has An Equipment Services Department That Performs All Needed Mai
/in Uncategorized /by developerFor the year just ended, the company budgeted its variable maintenance costs at $255,780 for the year. Actual variable maintenance costs for the year totaled $341,330.
For performance evaluation purposes, how much of the $341,330 of actual variable maintenance cost should be charged to the Assembly Department at the end of the year just ended?
$235,060
$217,560
$159,460
$192,560
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Nathan Who Is Single Earned 34 328 In Wages Last Year Plus 186 In Interest Incom
/in Uncategorized /by developerNathan, who is single, earned $34,328 in wages last year plus $186 in interest income. Throughout the year he earned $5,437 withheld from his wages for federal income taxes (a) how much is his adjusted gross income. (b) how much is his taxable income? (c) what is the total tax liability for the year? What is the amount of his payment or refund?
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Nation Wide Bus Lines Nwbs Conducts Training Classes For New Dirvers The Class R
/in Uncategorized /by developerNation-Wide Bus Lines (NWBS) conducts training classes for new dirvers. The class room can hold 35 students. As long as the class size is less than or equal to 35, the program costs $22,000 per class. Ignore the time consumed in raining. After completing the training prgram, drivers are paid $1,600 per month stipend until a full-time dirve position is open. A
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National Accounts Price Per Pound Shipped This Is The Key Measure Of Profitabili
/in Uncategorized /by developerNational Accounts price per pound shipped (this is the key measure of profitability) has not been increased for over one and one-half year. These are the big shippers like IBM and General Motors – and accounts for over 50% of the business. Get their prices up
Basically there are several factors that can help the company’s get their price up, they include;1. Weight; the freight weight should be structured in a way such that, the more the shipment…
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National After Tax Consumption It G X Minus Aggregate Income Income Imports Ex
/in Uncategorized /by developerKEYNESIAN CROSS DIAGRAM
Please find below the the full solution of the following problem .
I would like to know all the calculations necessary to
-fill te table
-solve for Y
-Understand the relation with the keynesian theory
Thank you
1. The chart below represents the data behind a Keynesian cross diagram. Assume that the tax rate is 0.4 of national income; the MPC out of the after-tax income is 0.8; investment is $2,000; government spending is $1,000; exports are $2,000 and imports are 0.05 of after-tax income. What is the equilibrium level of output for this economy?
Solution: The following table illustrates the completed table. The equilibrium is level is italicized. We can solve for Y, where Y = National Income using:
Y=AE= C + I + G + X – M
Y = $500 +0.8(Y-T) + $2,000 + $1,000 + $2,000 – 0.05 (Y – T)
Solving for Y, we see that the equilibrium level of output is Y = $10,000.
NationalAfter – taxConsumption | It G +’xMinusAggregateIncomeIncome*ImportsExpenditures$8, 000$4, 340$9, 000$10, 000$11, 000$12, 000$13, 000
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