Explain all questions correctly

[2:52 AM, 2/12/2022] flo: 1. At December 31, 2018, the end of the reporting period, the liabilities outstanding of Plane Corporation included the following: Cash dividends on ordinary shares, P550,000, payable on January 15, 2019. Notes Payable to National Bank, P4,700,000 due January 20, 2019. Serial Bonds, P20,000,000, of which P5,000,000 mature during 2019. Notes Payable to China Bank, P4,000,000 due January 27, 2019.

The following transactions occurred early in 2019: January 15 The cash dividends on ordinary shares were paid. January 20 The note payable to National Bank was paid. January 25 The corporation entered into a financing agreement with National Bank enabling it to borrow up to P5,000,000 at any time through the end of 2019. Amounts borrowed under the agreem... [2:52 AM, 2/12/2022] flo: There are 3 parts to question it is an article:

UK Corporate Governance Code reporting last year, FRC stated that: "Effectively applying the Corporate Governance Code Principles is much more important than a 'tick box' approach". Our assessments of reports this year now give us an evidence base to drive forward better-quality reporting. This is essential if investors and other stakeholders are to evaluate the quality of governance effectively.

Question 1:

talking about the extent to which UK listed companies are looking for a high standard of Corporate Governance reporting which also demonstrates that boards had considered substance and quality compliance beyond a 'tick box' approach?

"Boards of directors are responsible for the governance of t... [3:21 AM, 2/12/2022] flo: MCAT PROJECT DEFINE PHASE TECHNICAL REPORT

. Create a professionally formatted technical repot (format up to you) to your supervisor communicating the results of the . . . Design Phase of Projectile LLC's process improvement project.

. Your report should contain the following.

1. Executive summary of the problem.

2. Results of your "Process Walk" (interviews, initial discussions). What were some of

the difficulties with data collection that you observed? Are there any process improvement opportunities that jump out of you from your "Go see" process walk / baseline analysis?

3. VOC analysis.

4. SIPOC chart and discussion.

5. Discuss your plants quality levels, ability to deliver and overall cost of (poor)

quality. What are the opportunities that you ... [3:22 AM, 2/12/2022] flo: RESEARCH PROJECT:

Play and Stay Manufacturing(P&S) has a factory that produces cabinetry for the RV and marine market. The company has other product lines. Materials and labor for the cabinets are determined by each job. To simplify the assignment, we will assume the following average costs The following information highlights P&S Manufacturing's cost structure for 2020. The materials include $2,800 for the wood and other materials on a per-job basis. It requires 24 hours of labor on average for the cabinetry. The hourly rate is$11. The sales price will be set at a markup of 80%. The company estimates that it will have 43,200 direct labor hours in total for the cabinets. It assumes 1800 units are sold on average per year. A breakdown of estimated yearly costs related to the cabinetry follows:

Salaries- office & administrative $ 500,000 Salaries for factory personal $ 350,000 Office Rent $ 150,000 Factory Rent $ 30,000 Office utilities and Misc office expenses(based on units sold) $ 15,000 Sales travel(based on units sold) $ 24,000 Insurance - office $ 12,000 Depreciation - office equipment $ 40,000 Depreciation for factory equipment $ 70,000 Advertising $ 20,000 Sales commissions(based on units sold) $ 50,000 Factory Property taxes $ 25,000 Maintenance for factory equipment $ 80,000 Hint: you will need to distinguish between product vs. period costs and variable vs fixed costs. Please do not forget all costs for this company (not just the ones listed above in the table)

QUESTIONS for Excel Part General requirements: A schedule will be created for each of the following questions. Use a new worksheet (not workbook) to answer each question. You can combine Q6 and Q7 in one sheet for comparison purposes. All schedules should be included in excel. Your spreadsheets must contain formulas and referring numbers. Not using formulas will result in a minimum one letter-grade reduction. Linking the schedules is required. Your spreadsheet must be professional and include the following items: report titles, formatted numbers, single and double underlines, and correct spelling. Every number should be labeled clearly so the reader understands what numbers represent. If you are unsure about the format, please review the textbook for a similar report or ask!!! Detailed Requirements: 1. Please identify and calculate totals for the following classifications on ALL costs listed on the first page: variable and fixed costs; product and period costs. The schedule should contain numbers for each area on a yearly basis. For the variable cost, also show them on a per unit basis. (must be calculated based on 1800 units above) 2. Determine the average cost of manufacturing one unit given the volume expected to be sold every year and assuming the MOH costs are allocated based on the direct labor hours per unit. Please show all calculations and round to the nearest dollar. Calculate the sales price based on your cost calculation. I would recommend that you calculate the MOH per unit first. You should calculate an Overhead rate. 3. Prepare a Job Order Cost sheet for the following custom project: Materials $6,000 and 30 hours of labor. Calculate the sales price based on your cost calculations. Do not use these numbers for any other calculation. 4. What is the Contribution Margin (CM) in total and per unit dollars, and CM% for the sale of 1,800 units? Label each calculation so that it is clear to the reader what is being shown. These numbers should be linked to Q1. 5. Prepare a traditional Income Statement assuming a volume of 1,800 units. For the cost of goods sold, please use the per-unit cost you calculated in #2. You do not have to prepare any additional schedules. I would use a similar format to exhibit 16-8 on page 737 or from your lecture notes. I recommend that you list out all operating expenses (period costs) identified in Q1. Do not use just Selling and General/Administrative Expenses for your categories. Points will be lost by not listing out all period costs. You can ignore interest and income tax expenses. These numbers should be linked toQ1. 6. Prepare three CVP Income Statements using the following yearly volumes: 1,200, 1,800, and 2,500. Keep in mind how variable and fixed costs behave. The traditional income statement from #5 should be about the same net income as the 1,800 units for the CVP format. In addition, Q1 should agree to the total fixed costs and per-unit variable costs for these schedules. (see PowerPoint from chat the week of the project for format) a) Calculate Break-even in units and sales $ for the company b) Calculate units and sales $ if the company wants a profit of $5,000,000. c) Margin of safety in dollars for 1,800 units. 7. Prepare a new CVP Income Statement that reflects the following proposed changes. The company is considering a new supplier and some additional factory costs to increase quality and production levels. The new supplier will reduce direct material costs by 5%. The fixed costs will increase costs by 45%. With the expected increase in quality, the company believes that it can support a 3% increase in sales. The volumes used should be 1,800, 2,500 units, and maybe more volumes. 8. Assuming P&S Manufacturing is considering adding another product line - molded doors (keeping the cabinet production constant at 1,800 units). How many units should the company sell to make adding the additional line economically feasible/attractive? Adding this line will require hiring a different type of worker which costs the company $15/hour. P&S Manufacturing estimated each unit takes 10 hours of labor, and $850 direct materials. This line is estimated to incur an additional fixed MOH $425,000 for the year, and variable costs/expenses per unit are the same as the cabinet product line. This product line does not add additional fixed period costs but shares the fixed period costs with the cabinetry line. The company estimated sales price of a set of doors would be $1,850.

QUESTIONS for the Written Analysis General requirement: Assume you are addressing some concerns by the board of directors by answering the following questions listed in the "Detailed questions" below. Remember, you are writing to the board, not just answering questions. Please use a memo format for the paper and address it to the Board of Directors. The structure of the paper should include an opening paragraph about the company in a word document. The discussion questions should be answered in the order listed. However, do not number the questions. Instead, the discussion should flow from one topic to the next and include as a minimum the questions identified. Although you should not construct the memo in a numbered-points format, you could consider adding subtitles for different areas of discussions, if appropriate. This helps the directors more easily identify the topics/concerns addressed in the paper. Do not discuss/explain your calculations. Answer the questions related to your calculations, and support your arguments with numbers when necessary. You should be thinking about all the concepts that you have learned from this course and their importance to a business owner or investor. I should finish reading your paper and see the concepts and some industry knowledge demonstrated through the discussion and the analysis. Finally, the closing paragraph(s) should summarize the company, industry, and results. Plan to devote time to writing and reviewing the paper. There will be significant grade reductions for papers that are not well written (spelling, grammar, etc.) I would recommend that the paper be approximately 5-7 pages (excluding any spreadsheet or reference sources you may include). Each group should work independently. Do not copy and paste from other papers, publications, or media coverage. Even when you need to cite information from an annual report, you should reframe the information using your own language. Before submission, please submit/check the originality of your essay on turn-it-in: https://www.turnitin.com. The similarity % must be less than 10%. Only submit 1 time and then let me know if there is an issue.

Detailed questions: 1. Discuss other options for the activity base besides the DL hours currently used and the importance of the MOH allocation. Is this the best activity base for this company? Do multiple product lines impact the MOH allocation? How? 2. What other factors would impact the sales price for this type of company? Can a company rely on setting prices based on just a % on cost? What is important in the current environment to a business in this industry to consider? 3. Discuss the importance of Excel Q6 calculations to P&S Manufacturing (BE, TP and MOS). Give examples supported by numbers of how you would use these calculations as the CFO of the company. (create a new spreadsheet) Fully discuss the differences between the traditional vs CVP format (minimum of 3). 4. Should the company consider the changes from excel Q7? Why or why not? Give some real examples of additional cost increases for fixed costs and decreases for direct materials that could be implemented for this specific business. (at least 3 examples in total) Please consider and discuss the following areas: fixed costs change, CM per unit change, and sales fluctuation. I would recommend creating a new spreadsheet (with the changes) with the same volumes as excel Q6 and additional volumes to understand how to answer this question. 5. Due to the current Covid crisis, the factory was shut down for 2 weeks. In addition, the company expects that normal operating levels will not be met due to supplier issues. Explain what will happen to the MOH costs on a per-unit basis if fewer units are sold. Could it impact per unit cost? (keep in mind the type of cost that MOH is for this company) 6. With the current Covid crisis, please discuss at least 3 financial issues that this company should be concerned about and suggestions to the board on how to address these issues. Is this an industry that has seen increased or decreased sales due toCovid? 7. If the company adds the molded door line, should ABC be considered? Why? Fully discuss all pertinent points and show calculations needed to support your answers. 8. To become more familiar with Financial Statements, understand the industry for this company, and find information through Edgar for SEC filings, please use Patrick Industries, Inc.(SIC 3714) information to answer the following questions only. The sections of the 10K that I would focus on to answer the questions below would be the following: business; risk factors; and Management Discussion and Analysis:

The website to access the 10K is http://www.sec.gov/edgar/searchedgar/companysearch.html. You should use the 12/31/19 10K filing. This company is in the same industry as P&S. a. Identify the company's 2 reportable segments and list 5 product lines for each segment. What are the four primary markets that the company sells to and the % of sales for each area? b. Choose one market area and discuss what has been happening in that segment. For example, have sales been increasing or decreasing? Competition? Outside factors like labor or material procurement? what are the areas of concern? Are these issues concerns also for P&S? c. What is the company doing to create a brand name? Describe this in detail. d. Apply the industry knowledge you acquired from your review of Patrick Industries to make a list of recommendations (minimum of 3) that P&S should implement and/or be aware of when running their own business. FYI, this is not your closing paragraph...

This was my initial post that my professor said was not an adequate response: Economic variables that lead to monopolies include product differentiation, advertising and marketing costs, economies of scale and size, and network effects. There are several ways to create a monopoly through using externalities. An externality occurs when a firm's good or service affects or impacts other individuals and situations in the economy. Externalities are social and economic costs and can levy negative consequences on society by reducing benefits from financial transactions. Exchange economics is also referred to as the study of externalities. This type of market structure is scarce in practice because it implies that large firms have bargaining power over the political process. There is no practical way for smaller firms to counteract such bargaining power. Price discrimination is one of the fundamental ways monopolies form in an oligopolistic market. The three types of relative monopolistic markets are resource ownership, government control, and economies of scale. Since the infrastructure that gathers and delivers a product like electricity or water is expensive to create and maintain, public utilities have lasted the longest as a natural exception. Competition is a hybrid of monopoly and perfect competition that incorporates elements of both. Under monopolistic competition, all firms have the same, if not equal, low market power and are all price makers. Others will dangle offers and free items in our faces, while others will cut their pricing. Another may market itself as more friendly by utilizing green symbols and displaying a stamp of environmental entities. Monopolistic rivalry, such as that found in utility companies, necessitates extensive marketing because different organizations must examine the same data. Each of the brands has the potential to be effective. In Ohio, for example, we have an AEP or Ohio Power. Determination of the type of service depends on the area you live. Under monopolistic competition, firms have some level of economies of scale. As the marginal cost goes down, so does output. Excess capacity exists, and higher markups are possible. A supplier can recommend a specific model, and a consumer is more likely to accept it. For example, Chevrolet must respond to Ford or Toyota's strategies for advertising and other promotion programs. Demand is even affected by the number of competitors. The bigger the number of competitors for a product, such as cars, the smaller the quantity demanded on average. Thus, monopolistic competition faces more challenges when faced with large numbers of competing goods. Can you help me understand what I am not comprehending?