80F32. A company is choosing an outside firm to provide its payroll services. It has chosen fourcomparative categories of interest: client reviews, financial condition, IT capabilities,and government stability. These categories have been assigned weights of 20%, 10%,40%, and 30%, respectively. Two potential providers were scored on each of thosefactors (see table below) using a scale of 1-10, with a score of 1 meaning worst possibleand 10 meaning best possible. Using the factor-rating method, which provider should bechosen?Provider AProvider BClient reviews6Financial conditionIT capabilitiesGovernment stabilityF9$4R000000F4do L%5F5T<62853Y187MacBook AirF6&74◄◄F7U8DIIF8(90)0

we will use factor rating method to decide which provider should be chosen, we will take the weights…

Answered: 2. A company is choosing an outside…

Essentials Of Business Analytics

1st Edition

ISBN:9781285187273

Author:Camm, Jeff.

Publisher:Camm, Jeff.

Chapter6: Data Mining

Section: Chapter Questions

Problem 6P

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he chart below contains a description of Jack Company's top risk, an inherent risk assessment, three risk response alternatives, and a residual risk assessment for each response alternative. Also, Jack's management accountant estimates that the incremental cost of implementing risk response A is $2,600,000 and the incremental cost of implementing risk response B is $1,000,000. Risk Inherent Risk Residual Risk Likelihood Impact (on operating costs) Risk Response Alternatives Likelihood Impact (on operating costs) Lose top employee talent to competitors 50% $10,000,000 A: Improve Jack's employee training program 40% $3,000,000 B: Improve Jack's employee compensation and benefits package 20% $8,000,000 C: Take no action 50% $10,000,000 The residual risk for Jack Company associated with risk response alternative B is: a.$5,000,000. b.$1,000,000. c.$1,600,000 d.$3,200,000.
On January 1 2020, South by Southwest Company used least squares regression analysis to estimate the total monthly payroll department cost of the company in 2020. The followings are the output from the regression analysis based on the observation of the payroll department cost( dependent variable) and the labor hours worked ( independent variable) for the last 20 months: Constant $18,000 r2 0.8924 X coefficient(s) $ 2.55 Required: BASED ON THE OUTPUT FROM THE REGRESSION ANALYSIS a. What is the total estimated fixed payroll department cost? b. What is the variable payroll department cost per labor hour? c. What is the estimate cost function of the payroll department cost? d. What is the coefficient of determination? Comment on the goodness of fit of the cost function? Plzz give all the ans
The known standard deviation in salary for all mid-level professionals in the financial industry is $11,000. Company A and Company B are in the financial industry. Suppose samples are taken of mid-level professionals from Company A and from Company B. The sample mean salary for mid-level professionals in Company A is $80,000. The sample mean salary for mid-level professionals in Company B is $96,000. Company A and Company B management want to know if their mid-level professionals are paid differently, on average.
The client and our firm have agreed on an initial estimated audit fee of $32,000 (see the engagement letter). However, the estimated total cost of performing this year’s audit is $37,590 (see the fee budget on workpaper 6-5). Discuss possible reasons why a CPA firm might charge a new client an audit fee that is lower than the estimated first-year costs of performing the audit.
Suppose a firm must employ 20 workers in order to produce 2,000 units of output that the firm has contracted to supply to the government for $1.4 million. The firm must choose how much to invest in safety. The firm can choose any level of safety, S, from 0 to 100. The cost of safety is C( S) = 50S2. Given the firm’s choice of safety, the annual salary paid to workers is determined byAnnual salary = 60,000 - 300SThus, a firm that chooses S = 30 pays $45,000 for this level of safety and pays each worker $51,000. What level of safety will the firm choose, and how much does this cost? How much will each worker earn? How much profit will the firm earn?
management consulting firm has four types of professionals on on its staff: Managing consultants, senior associates, field and and office staff. Average rates charged to consulting clients for work of each of these professionals categories are k3150/hour, k1680/hour, k1260/hour and k630/hour respectively. Office records indicate the following number of hours billed last year in each category: 8000, 14000, 24000 and 35000, respectively. If the firm is trying to come up with an average billing rate for estimating client charges for next year, what would you suggest they do and what do you think is the appropriate rate?
Frank Flynn is the payroll manager for Powlus Supply Company. During the budgeting process, Sam Kinder, director of finance, asked Flynn to arrive at a set percentage that could be applied to each budgeted salary figure to cover the additional cost that will be incurred by Powlus Supply for each employee. After some discussion, it was determined that the best way to compute this percentage would be to base these additional costs of payroll on the average salary paid by the company. Kinder wants this additional payroll cost percentage to cover payroll taxes (FICA, FUTA, and SUTA) and other payroll costs covered by the company (workers compensation expense, health insurance costs, and vacation pay). Flynn gathers the following information in order to complete the analysis: Compute the percentage that can be used in the budget.
Professional labor cost budget Based on the data in Exercise 13-5 and assuming that the average compensation per hour for staff is $36 and for partners is $300. prepare a professional labor cost budget for Day & Spieth, CPAs, for the year ending March 31. 20Y6. Use the following column headings:
The client and our firm have agreed on an initial estimated audit fee of $32,000. However, the estimated total cost of performing this year's audit is $37,590. Discuss possible reasons why a CPA firm might charge a new client an audit fee that is lower than the estimated first-year costs of performing the audit.
Assume the company could eliminate one production supervisor with a salary of $30,000 if the component is purchased from an outside supplier. Indicate if the company should make or buy the component and the total dollar difference in favor of that alternative.
The single largest cost item for universities is salaries/wages. The UUS university has asked you torecommend controls for its Human Resources/Payroll function.List the threats and justify the controls for a Human Resources/Payroll function.
7. During 2020, TULIP Corporation incurred costs to develop and produce a routine, low-risk computer software product as follows: Packaging product (500 units) -₱90,000; Duplication of computer software and training materials from product masters (1,000 units) -₱250,000; Completion of detailed program design -₱130,000; Cost of producing product masters for training materials -₱150,000; Other testing costs after the establishment of technological feasibility -₱200,000; Costs incurred for coding and testing to establish technological feasibility -₱100,000; Other coding costs after the establishment of technological feasibility -₱240,000. In TULIP's December 31, 2020 statement of financial position, what amount should be capitalized as software cost subject to amortization? * a. ₱ 540,000 b. ₱ 570,000 c. ₱ 690,000 d. ₱ 590,000

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