Solar Feeder

Ed Welsh and Bo Haeberle discovered an idea of the solar feeder. After years of developing, the product became very successful. It even won several prizes like the best new product in the Bird Watch America trade show, the national birding convention. After this, Ed and Bo decided to sell their final product under new established company Squirrel Defense, Inc. They opened a small shop in Greensboro and begin the production of the solar feeder so they could take orders for the demanded product. Owners spent too much money and time on developing the product and now, their expectations are high because they have an advantage of unique product and even the investors showed interest in the company.

Originated in 1996, due to the frustrations of squirrels destroying Richard Walsh’s bird feeder on his new deck, Ed Walsh, Richard’s brother came up with the concept of building a solar bird feeder to help Richard out. The concept of a bird feeder that allowed birds to continue to eat the bird seed, while preventing the squirrels from reaching the food and destroying the feeders, soon became an obsession for Ed. What once originated with a car battery developed over the years to a solar cell, and was successful until the squirrels discovered that they could eat early in the morning or late evenings before the battery charged. Bo Haeberle became involved in the bird feeder project after he overheard how much trouble Ed was having

It has been determined that by implementing solar energy panels to offset 50% of the plants annual electricity usage, this will provide the company with the following incentives (please refer to Exhibit 2 for the full cost analysis):

As the first bad practice, the company allows only one accountant to be in charge of the company’s financial duties. In the other hand, it can cost the company a lot of money due to the possibility of fraud. The accounting firm recommended the company to hire someone else fill out one of the accountant’s actual positions to avoid segregation of duties. Another wrong practice is the handling of the petty cash. We recommend that the company uses the control activity called “establishment of responsibility.” Therefore, the company should only allow one person to handle the petty cash, and it will prevent theft to occur. Regarding the human resource control activity, HR professionals of LBJ Company should conduct a background investigation for candidates. Also, conducting background checks is not expensive and can reduce employees’ fraud and

Problem: Sharon Michaels, who happened to be appointed as division controller for the company was concerned about the financial report of May, 2004, given to her by the plant accountant. The report indicated huge variance discrepancies between the budgeted profit ($91,200) and the actual outcome

Squirrel Defense, Inc. (SDI) was founded by Bo Haeberle, Glen Thomas and Ed Welsh in October 1998. The company manufactures and markets a high-end, squirrel resistant bird feeder called Solar Feeder. The solar feeder is a squirrel proof bird feeder that delivers a mild, non-lethal shock to a squirrel without delivering a shock to a bird using the feeder. It was a unique twist on typical bird feeders, because although it still resembled the usual bird feeder, it was used to house feed instead.

339). According to the explanation provided, one person is both controller and a treasurer, and the petty cash procedure is overcrowded with many hands involved in the process. The report also explained the use of notes as one of sources of documents which is documentation violation and instead it should be receipts. There is also violation of physical control which relates to lack of safeguarding of assets and enhance the accuracy and reliability of the accounting records (Kimmel, Weygandt, & Kieso, 2011, p. 341). Checks are left out over the weekend, with easy access to the drawer. There is also a violation of independent internal verification which involves review of data prepared by employees and that can be done on surprise basis, or by an employee who is independent of the personnel responsible for the information should make the verification (could be the President), and discrepancies and exceptions should be reported to a management level that can take appropriate corrective action (Kimmel, Weygandt, & Kieso, 2011, p. 342). There is one more violation of human resources controls which includes bonding of employees who handles cash, rotating employee’s duties and requires some of them to take vacations, and conduction of background checks (Kimmel, Weygandt, & Kieso, 2011, p. 344). In the case study report it was explained that the President was embarrassed after finding out that one of the employees had bad background history that could be

Q3 How should the acquisition of MPIS be financed, taking into account the issues of

The GRCL Colony is located on the planet mars. In the GRCL Colony, there are different gases, layers of the atmosphere, radiation, and different weather conditions to learn about before sending people to live there since it is in Mars. There are different seasons on Mars and the atmosphere is also made up of different things. It is important for people to know the differences of the atmosphere on Mars before we send people to live there. The temperatures, seasons, and precipitation is different than what it is on Earth. The weather conditions are severe and different than on Earth, so there will need to be different protection plans to keep people and the colony safe.

The Sunspot Solar Panels company should implement the six sigma methodology. The term six sigma simply means a measure of quality that strives fro perfection. It is discipline approach and methodology to improves the identification of the problem and reduction the variation in production and business processes. Using six sigma approach company would be able to identify problem, measure, analyze , improve and control. The key ide of using six sigma for sunspot polar panels is to raise the extremely high level of reliability of selected products , bringing them to a level of six sigma in the distribution of waste. Implementing the six sigma methodology improve quality, geared towards customer and their satisfaction, aimed at lowering the cost

The solar feeder is innovative tool, which is to avert squirrels from taking the birdseed by electronic shock. The solar feeder company is a distinctive wind on the typical bird feeder, which is resembled a typical birdhouse, but it houses feed instead.

Almost every company in its history have made mistakes, some big, some irreparable, some not so harmful. Mistakes can vary in type widely. Some mistakes are hiring, some in using assets to its fullest potential, etc.; while other mistakes are unfortunately intentional. Truth is that every time that management in a company makes a mistake there are financial consequences for the company. IN this work we are going to analyze three cases where something was wrong and we are going to provide a comprehensive solution to each problem.

Ed Welsh and Bo Haeberle discovered an idea of the solar feeder. After years of developing, the product became very successful. It even won several prizes like the best new product in the Bird Watch America trade show, the national birding convention. After this, Ed and Bo decided to sell their final product under new established company Squirrel Defense, Inc. They opened a small shop in Greensboro and begin the production of the solar feeder so they could take orders for the demanded product. Owners spent too much money and time on developing the product and now, their expectations are high because they have an advantage of unique product and even the investors showed interest in the company.

Cash Flows are also important when considering whether the investment will be the best use of OPI’s resources. Using cash flows in conjunction with the initial investment aids in assessing the time value of money for the opportunity. Note that I provided a maximum loan amount I felt OPI could comfortably manage based on the fixed-payment coverage ratio. More analysis relating to the net present value of the investment will provide confidence on whether the initial investment will return the required rate of return to be acceptable to OPI. The required data iswithin both the balance sheet and the income statement. Additionally, knowing the changes to inventory and accounts receivable are required to establish the initial investment.

In the present era where energy demands growing rapidly the solar module is one of the solutions and a good one. “More energy from the sunlight strikes the Earth in one hour (4.3 × 1020 J) than all the energy consumed on the planet in a year (4.1 × 1020 J)” therefore solar energy has a bright future ahead. The first solar cell was invented in 1953 and had efficacy rate of 4 present while toady’s solar cell is 40 present efficient. SolarCity is using the one of the efficient solar panels which yields 30 to 40 percent more energy than similar size solar module available in the market.