Managerial Acct 505 Project a Essay

1. In order to implement an organizations commitment to social responsibility it is necessary to identify what social problem the organization intends to address, develop policies on what the organization plans to do to successfully fulfill its obligation and ensure stakeholder buy-in. The main obstacles an organization faces when implementing socially responsible policies is pressure from stockholders and business analysis who want steady increase in earnings. Without steady increase in profits, it becomes difficult to reinvest money in these areas. The following actions can be taken toward increased social responsibility:

As previously mentioned, net sales will be estimated beginning with the $61 million in net sales projected for 1991, then relying on Goldman Sach’s projected growth rate for 1992 and 1993, and using a 5% growth rate from that point forward. Net income is estimated for 1992 and 1993 using Goldman Sach’s estimate of the margin.

The financial department have been asked to carry out analysis all invoices from the past year to provide data on where wastage is taking place.

The beginning cash balance for April, is the cash from March 31 in the Asset section of the balance sheet. In the merchandise purchases budget, in April, we need 50% of March purchases (that amount is also given to us 3/31 Accounts payable of $100,000 on page 415). Therefore, Total cash disbursements for April is (50% x $316,000 April purchases) + ($100,000 remaining March purchases to be paid) = $258,000.

(cost of goods manufactured in 2008/ sales value for units produced in 2008) * ending inventory 2008

Within this assignment I will utilise the Nursing and Midwifery Council Standards of Proficiency (NMC 2004a) for entry to the register to critically reflect upon my portfolio of evidence in order to demonstrate that I am fit to practice. In doing this I will discuss the terms ‘proficiency’ and ‘reflection’. I will identify the model of reflection I am going to use within this assignment and will give a rationale for this choice. For each domain I will provide a critically analysed reflection, using evidence taken from my portfolio. For each domain I will demonstrate what learning has taken place, identifying a learning outcome and action plan from each reflection.

• Sales are budgeted at $360,000. All sales are on account and a provision for bad debts is made

Complete the sales budget for the 2 quarters ending June 30, 2010. List the products and show for each quarter and for the 6 months, units, selling price, and total sales by product and in

2. Assume that there is no January 1, 20X7, inventory; no variances are allocated to inventory; and the firm uses a “full absorption” approach to product costing. Compute:

Quarterly Sales Quarterly Specialy Items October November December Totals Expected Unit Sales 1,500 800 1,600 3,900 X Price Per Unit $3.50 $3.50 $3.50 $3.50 Equals Total Net Sales $5,250 $2,800 $5,600

Forty percent of the inventory purchases are paid for in the month of purchase and the remaining 60% are paid in the following month (i.e. all of the previous month’s Accounts Payable are paid off by the end of any month.)

The company that is listed as number one on the Fortune 500 list is Wal-Mart. This company has much strength that makes it very interesting for investment. Wal-Mart was founded by Sam Walton in the 1950’s and faced competition among many regional discount stores. In 1962 Wal-Mart officially began with its first store in Rogers, Arkansas. Wal-Mart now has over 600 discount stores in the United States and stores located in 28 countries. No matter the size of the company its purpose has not changed over the years. Mr. Sam Walton said, “If we work together, we’ll lower the cost of living for everyone... we’ll give the world an opportunity to see what it’s like to save and have a better

Estimated sales for two years = No. of display units * capacity * inventory turnover * 2

1. Sales forecast – (at $ 30 retail price with the assumption of $15 whole sale price)

Our target of product selling is around 500 items per month i.e.; approx. 6000 items per year