Extra

In: Other Topics

Submitted By andrewsp
Words 531
Pages 3
Extra Credit Assignment
-------------------------------------------------

1. Fifty percent of the sales of Hanson Company sales are for cash; the rest are on credit. Seventy percent of the credit sales are collected in the month of sale, twenty percent in the month following sale, and five percent in the second month following sale. The remainder is expected to be uncollectible. Monthly sales are budgeted as follows: $280,000 for January, $240,000 for February, and $320,000 for March. Prepare a schedule of expected cash collections for the month of March.

2. a) What are the major weaknesses of static budgets? “Directly comparing static planning budget revenues and costs to actual revenues and costs can easily lead to erroneous conclusions. Actual revenues and costs differ from budgeted revenues and costs for a variety of reasons, but one of the biggest is a change in the level of activity. One would expect actual revenues and costs to increase or decrease as the activity level increases or decreases. Flexible budgets enable managers to isolate the various causes of the differences between budgeted and actual costs” (Garrison 397). Garrison, R.. Managerial Accounting, 14th Edition. McGraw-Hill Learning Solutions, 2012. <vbk:0077624319#outline(9.7)>. b) What are the characteristics of a planning budget? “A planning budget is prepared before the period begins and is valid for only the planned level of activity. A static planning budget is suitable for planning but is inappropriate for evaluating how well costs are controlled. If the actual level of activity differs from what was planned, it would be misleading to compare actual costs to the static, unchanged planning budget. If activity is higher than expected, variable costs should be higher than expected; and if activity is lower than expected,…...

Similar Documents

Extra Credit

...few hours when an older Driver by the name of John asked me to help him take out boxes. When he asked me to take out boxes I felt like since he was older it was only the polite thing to do in that situation. I would soon learn that more favors and request would come from John. When the favors and extra request started coming from older workers, I felt that I was being taken advantage of. This is when I asked my father for advice about when it was okay to say no to older people. He informed me that when you are working everyone should be equal and nobody should get special treatment. He also told me that if someone can’t hold their own then a manager needs to be informed about the situation. Then next time that John asked me to take out boxes I respectfully told him that I have work to do and wouldn’t be able to assist him. When I told him that I felt that I learned a lesson that I will take with me for the rest of my life. Working in a fast food restaurant such as Pizza Hut another form workplace of literacy you have to form teamwork. I was a familiar with other forms of teamwork, because I played high school football. Teamwork in the workplace was completely different though. There were some days when my manager would be having a rush of customers before some of us were scheduled to work. He would then call one of us to come in early, and start our shifts before we were supose to. I really didn’t want to come in early, until one day I was on the other side of the table...

Words: 733 - Pages: 3

Extra Solar Planets

...Humankind’s Discovery of Extra-Solar Planets and its Effects on Religion Scott R. Pelow ITT Technical College S. Slovik EN-1320: Composition one Throughout the history humankind has looked to the stars and wondered if they are alone in the universe. Only in the past few hundred years have humans had the means to start answering this timeless and most important of questions and now that humans have begun to discover extra-solar planets in their galactic neighborhood they may soon find out. The sheer mathematical probability since there are hundreds of billions of stars that populate the Milky Way galaxy. Since 1995, more than 200 extra-solar planets have been discovered, demonstrating not only are those planetary systems are common, but also that planets may come in a large variety of flavors. As the number of detections grows, statistical studies of the properties of exoplanets and their host stars can be conducted to unravel some of the key physical and chemical processes leading to the formation of planetary systems (Santos, 2008). The study of extra-solar planets has become one of the most active fields of research in astronomy since the discovery in 1995 of several giant planets orbiting nearby stars similar to the Sun. There have been many unexpected results, and the progress has been remarkable. More than 100 planets are now known, many of them in systems of two or more bodies orbiting the same star. In one case it has even been possible to detect the......

Words: 1322 - Pages: 6

Extra Credit

...EXTRA CREDIT Molin Cheng After reading these two articles we can see each of them use a different way to improve ethylene yield. The two have the same goal, but also has a conflict theory and each of them have its advantages and disadvantages. First, let’s talk about the article “Oxidative Pyrolysis of Ethane”, which assumes that the effects of the oxygen addition can be beneficial to industrial crack in three manners: decreased residence time or increased throughput, higher severity, or reduced tubeskin temperature and longer coil lifetime. After the experiment, the author gets with that the addition of oxygen increases the ethane conversion. The ethylene yields decrease slightly at the feed oxygen compositions higher than 5mol%, which is the result of a slight decrease in ethylene selectivity and most of the oxygen is converted to CO. Then, a computer modeling simulations showed that the oxygen addition has a large impact on the heat effect of the cracking reaction, that means the residence time can be lowered, the severity of ethane cracking can be further increased and the tubeskin temperatures can be lowered. In brief, the addition of oxygen can increased the ethane conversion and with the heat effect of the cracking reaction we can extended operation cycle time and coil lifetime, however the ethylene yields decrease after the oxygen compositions higher than 5mol% and will generate a lot of CO. Then, we talk about another article “High Selectivities To......

Words: 507 - Pages: 3

Fn08 Extra Credit

...Extra Credit FN08 Page 27 Exercise 1 Exercise 1: Where do you get your financial advice? Identify all the sources. In what circumstances might you seek a professional financial advisor? There are many circumstances in which one might want to seek the advice of a financial advisor. For example planning for retirement or having inherited money and other assets. It is important to seek a financial advisor especially when your financial circumstances are complicated. I get my financial advice from bankers, CPAs, lawyers, insurance agents, tax advisors, family, friends and teachers. It is important to know where your advisors interests lie and to have an idea of what your financial goals are. Working with a financial advisor prior to retirement is ideal. It is never too early to start saving and make your money work for you. There are many questions that one will need to answer when planning ahead for retirement. “How much do I need to retire?” “Can I afford to retire?” and “Will I run out of money?” Many people are able to track spending, saving and investing on their own. However when questions or decisions become too complicated it is best to seek professional advice. Those who inherit may not have much experience in managing large sums of money or assets. In this case it would wise to seek the help of a financial advisor to help plan for the future. An investment advisor would be appropriate in this case to help make investment decisions that would......

Words: 388 - Pages: 2

Offering Extra Services

...New Offer – Offering Extra Services over the phone Task You are going to be working in a pair. Both will complete the role of a customer service representative and a customer. You will require preparation for both roles. Customer – you will be ready to respond to a phone call. Customer Service Representative – you are going to familiarise yourself with a special offer concerning house alarm systems. You will then offer an existing customer these new services. Your Name: Jordan Your Partners Name: Josh Customer Service Representative Write down, in the box provided, the steps (questions to ask) you will have to go through with your partner. This is where you should look to familiarise yourself with the offer. |Introduction: | |Greet customer and ask if he has a house alarm | | | | | |The Offer: | |Extra services: ...

Words: 450 - Pages: 2

Extra Credit

...Extra Credit Today I attend a lecture talking about the errors within the focus of the US energy market and the ability to face the challenge of carbon dioxide pollution by Roger Sant. The emissions of carbon dioxide and other long-lived greenhouse gases that build up in the atmosphere endanger the health and welfare of current and future generations by causing climate change and ocean acidification. Long-lived greenhouse gases, which trap heat in the atmosphere, include carbon dioxide, methane, nitrous oxide, and fluorinated gases. These gases are produced by a numerous and diverse human activities. Throughout this lecture, I realized that the risks to public health and the environment from climate change are substantial and far-reaching. Lecturer warn that carbon pollution and resulting climate change are expected to lead to more intense hurricanes and storms, heavier and more frequent flooding, increased drought, and more severe wildfires—events that can cause deaths, injuries, and billions of dollars of damage to property and the nation’s infrastructure. Some of these impacts already have been observed. Carbon dioxide and other greenhouse gas pollution leads to more frequent and intense heat waves that increase mortality, especially among the poor and elderly. Other climate change public health concerns raised in the scientific literature include anticipated increases in ground-level ozone pollution, the potential for enhanced spread of some waterborne and pest-related......

Words: 351 - Pages: 2

Child Development Extra Credit

...Blair Ceola - 0101675393 March 18, 2014 Child Development – Tues/Thurs 12:30-1:45 Extra Credit Assignment #1 Verbal Communication of Humans vs. Bonobos Research has shown that children learn language indirectly from their parents or those around them by simply listening and watching what those around them are doing. It was shown during experiments with the bonobos that the baby monkeys could watch their parents being taught how to communicate through lexigrams and pick up on what they were learning, much like human children learn by watching their parents. The monkeys are able to use the lexigrams and the words they understand to make small and simple sentences to refer to things around them or tell their caretakers what they want. Human children do this as well before they are completely capable of constructing actual sentences. This difference, however, is that humans are able to learn and speak human language meaning that once they are old enough to truly understand language they are able to communicate vocally in a way everyone can understand and recognize. Bonobos, and monkeys in general, are unable to actually speak any human language because they are unable to comprehend and master the vocal side of communication in a way that humans can understand. The entire human life involves learning new concepts and information and growing intellectually; as infants we begin with little to no vocabulary and as we grow up we are able to comprehend more things and......

Words: 294 - Pages: 2

Extra Credit

...OPTIONAL EXTRA CREDIT I 2% OF YOUR OVERALL GRADE Due on Wednesday, May 7 Read the Wall Street Journal, The Economist, or any other major newspaper or weekly publication and select a single article or articles that (1) either report on interesting economic news that can be analyzed by the concepts or models taught in this course or (2) discusses one or more economic issues related to the concepts or models taught in this course. It is OK to use an online economics news article.   Write a three to four page essay analyzing the topic or critique the article from economic perspectives. Essay must be typed and double-spaced, (Times New Roman, font 12). The questions that you may address in this essay may include, but are not limited, to the following:
  * What is the main economic issue? * How is the economic issue related to the concepts or models that you have learned from this course? * What sorts of arguments/opinions have been discussed? * Do you agree or disagree with the analyses/opinions? Why? * What argument would you, as an economist, make?   The following is a suggested list of topics. This list is not exhaustive. INDUSTRY STUDY.   For a specific industry, choose a current issue such as deregulation, foreign competition, and the impact of new technologies, mergers/takeovers, changing methods of competition, labor problems, or financial changes. COMPANY STUDY.   Study the recent growth or decline of a particular company or its......

Words: 364 - Pages: 2

Extra Curriculum

... communicative efficiency is a part of everyday communication of all learners. Knowing and mastering English will be an edge in this situation. Comprehension and vocabulary can be mastered through effort like allotting extra time for reading. A well practice of self-study-habits of a learner as well as his intrinsic motivation in enjoying extra learning that will automatically cause an impact on his/academic achievement. Significance of the Study Good study habits are sign of personal growth and self-effectiveness. Likewise a good practice of self-study habits will definitely enhance a learner’s knowledge and personality. The researcher do believes that these studies will be considerable and helpful to the concerned people in this research. Learners will know the significance of self study habits in coping for daily lessons as well as improving ones knowledge, talents and abilities. They will be informed that having this will help them not only in their academic aspects but also in the different dimensions of his/her personality. The researcher definitely believes that it will assist the learners in the realization of making learning worthwhile and enjoyable. Teachers will encourage their students to develop self-study habits like allotting time for extra reading or reflecting about the lesson. It will help them in providing creative learning activities that will lead to the leeway of maintaining, improving and developing these habits. Parents will be more aware and......

Words: 2355 - Pages: 10

Ffx Extras

...4/18/2014 Extra Areas - Final Fantasy X Wiki Guide - IGN Advertisement. Extra Areas - Final Fantasy X Wiki Guide - IGN x us ESC Up at Noon Wonder Woman Picks Batman The Amazing Spider-Man 2 Potentially Cancelled on Xbox One Massive PlayStation 4 Update Incoming Game of Thrones’ Weird Love Triangle There is a Crazy Thing Happening in Elder Scrolls Online Involving Vampirism Browse Xbox One Xbox 360 PS4 PS3 Vita Wii U 3DS PC Mobile Movies TV Tech Comics Reviews Upcoming Videos Wikis + Cheats Podcasts Boards Blogs Search Trailers Reviews PS4 Xbox One PC Wii U Movies TV Sign in http://www.ign.com/wikis/final-fantasy-x/Extra_Areas 1/6 4/18/2014 Extra Areas - Final Fantasy X Wiki Guide - IGN Register Prime Extra Areas Close Hold up, buddy. To edit this page, you'll need a username. (It's free and only takes a sec.) Choose a Username Already have one? Sign In Remiem Temple Key Item: Cloudy Mirror, Moon Sigil In order to get to this area, go to the southwest part of Calm Lands on a chocobo. Press X on the feather and the chocobo will fly down. Here, you can take part in the chocobo race outside the temple to earn the Cloudy Mirrior, a requirement for the Celestial Weapons side quest. Enter the temple, you'll meet Belgemine and battle her aeons Defeat all of them (including Anima, Yojimbo, and the Magus Sisters) to receive Yuna's Moon Sigil. You need to get the last three aeons first to fight them. To get the Magus Sisters aeon, you must......

Words: 1021 - Pages: 5

Physics Extra Curricular

...learning of Physics starts in school and in some cases, extra-curricular activities is one good basis to the performance of the students in Physics. Millard, Dean and Bear who were early experts on extra-curricular activities said “extra-curricular activities supplement and extend those contacts found in more formal part of the program of the school day.” Extra-curricular activities are performed inside the curriculum of the school which is offered to students. It is an opportunity to those who are not gifted academically and chance for those who are gifted academically to boost confidence and develop friendly and sporty personality. It also adds points to their holistic performance and development. Activity like this shows up the potential in students and increases their self-confidence. It develops skills such as cooperation, leadership, unity, and friendship among the students. Here in our country, Physics is considered as one of the curriculum objectives to excel through. It is one of the academic subjects together with Mathematics, English, and Filipino which are taught even in other schools. According to the curriculum objective of schools, it helps the students to understand the basic scientific concepts and aims to teach them to operate a number of laboratory equipment and apply scientific steps in problem solving. In fact, Physics has the highest number of unit among other academic subjects which is 1.8. Henceforth, extra-curricular activities and physics should......

Words: 5800 - Pages: 24

My Life Without the Extras

...Eng. 111 Thematic Movie Review My Life Without The Extras My life without the extras is depicted very eloquently in one of my favorite movies in the past year, The Single Moms Club. The Single Moms Club is a 2014 American comedy-drama film produced, written, and directed by Tyler Perry. Released in theatres on May 9, 2014 and to DVD on July 22, 2014, The Single Moms Club is an adequate depiction of the struggles in the life of these single mothers. The lead actresses of this movie are Jan (Wendi McLendon-Covey), May (Nia Long), Esperanza (Zulay Henao), Hillary (Amy Smart), and Lytia (Cocoa Brown). In The Single moms club, schoolyard child’s play at an Atlanta prep school brings a diverse group of women to the principal's office. Their misfits were caught smoking and tagging at school, so these culture clashed women are tasked with organizing a dance and fundraiser as the “parental punishment.” The plot and the characters make The Single Moms Club the wonderful and home hitting movie that I will watch time and time again. The moms are a diverse bunch. Jan is a stern, all-business type trying to make partner where she works but not without the snotty attitude of her little trouble-making daughter. In one of the film's many coincidences, she recently rejected a story idea from May for being urban. May is a journalist and aspiring author, trying to guide her troubled son Rick through the rough waters of having a father that does what he wants but at the expense......

Words: 1217 - Pages: 5

Extra Credit

...Extra Credit 2 Jeff Chisholm 1 – Securities Exchange Commission (source: BYP4-5 of Kimmel textbook) What we do Answer the following questions: a. What event spurred the creation of the SEC? Why was the SEC created? The SEC was created due to the stock market crash of 1929 which led to the great depression. The SEC was created to protect investors in security exchanges such as the stock market. It is responsible for oversight of both private investment and corporate investment dealings. b. What are the five divisions of the SEC? Briefly describe the purpose of each. The five divisions of the SEC are corporate finance, enforcement, economic and risk analysis, investment management, and trading and markets. The corporate finance division ensures that investors are provided with up to date and accurate financial reporting data of market resources. The enforcement division investigates suspected violations of any activities pertaining to the other four divisions. The economic risk and analysis division analyses aspects of the market and all divisions of the SEC to mitigate risk in major market shifts. The investment management division has oversight of internal corporate investment plans such as mutual funds and exchange traded funds. The trading and markets division ensures that all aspects of the market are fair and orderly. c. What are the responsibilities of the chief accountant? The chief accountant is responsible for establishing and enforcing......

Words: 649 - Pages: 3

Extra Credit

...Extra credit I recently watched the Bruce Jenner interview and I was shocked at the things he said. I had never heard someone who was a Tran’s gender’s life story. It was at times sad but also happy that he was finally making a decision to be happy. From a young age Bruce knew that his biological sex was different then his gender. He said he used to put on his sisters dress’s and walk around the house. In class we learned how gender is the societies way of perceiving your sex and this was definitely relevant here because society said it wasn’t ok for Bruce to wear dresses but he wanted to because in his soul he knew he didn’t have the heart or soul of a male. Bruce grew up trying to ignore it, he was at one time the world’s greatest athlete which is very manly but even then he wasn’t happy. Finally he married his first wife and told her his secret but continued to keep it a secret from everyone else and also started a family with kids. He then began taking estrogen pills which helped him because then he felt more feminine. He then married his second wife and the same thing happened. At this time, they were the only people who knew. When Bruce married his 3rd wife he was not happy, he began going out in public with dresses on in disguise so no one recognized him and the paparazzi began to question him. Bruce got his Adams apple shaved down and to society that is not a typical male gender role so they questioned him and then commented on his hair and basically said he was too...

Words: 607 - Pages: 3

Extra Credit

...Extra Credit Assignment 2 The world is full of entrepreneurs who have created a business or product that they believed in. The industry of modeling is no different. The article from Forbes.com identifies a plus size woman, Ashley Graham, who created the healthy image of women to be pictured on the front cover of Sport Illustrated Magazine along with her own lingerie line. The article is written by Susan Adams who demonstrated a unique take on the everyday interviewing process which relates to the concepts of interviewing biases that we have discussed in class. The first concept that the article shows is about the business model with a closer look at two of the nine components; value proposition and customer segment. The article not only shows how entrepreneurs’ ideas come in all shapes and sizes but so do their owners. Graham not only is the first plus size woman on the cover of Sports Illustrated, but she has produced her own clothing line that has over $1.6 million in sales. She uses the business model to segment her market and assess the needs and values of her customers. The first step in the business model that I will be examining is the value proposition and how it is all about satisfying the needs of your customers and solving the problems that occur. This concept allows Graham to connect with her customers on a unique level by offering them a clothing/ lingerie line for those women who are plus size. She solves the plus sized women’s problem of finding lingerie......

Words: 481 - Pages: 2