You plan to open a small business for manufacturing pet collars, leashes, and harnesses. You have found a workshop space you can use for sewing your products. After some research and planning, you have estimates for the various operating costs for your business.
The total square footage for the sewing rooms is 1,500 square feet broken into three areas (500 square feet each). You have taken out a loan for start-up costs, and the monthly payment is $550; it goes into effect immediately and should be accounted for in your costs. You will also collect a modest salary for the first year of $500 per month; remember to divide evenly among the services.
Salary and Hiring Data
One collar maker, who will be paid $16.00 per hour and work 40 hours per week
One leash maker, who will be paid $16.00 per hour and work 40 hours per week
One harness maker, who will be paid $17.00 per hour and work 40 hours per week
One receptionist, who will be paid $15.00 per hour and work 30 hours per week
Other Costs
Rent: $750 per month; allocate based on square footage
High-tensile strength nylon webbing—$12 per yard of webbing
3 collars per yard of webbing
2 leashes per yard of webbing
2 harnesses per yard of webbing
Polyester/nylon ribbons—$9 per yard of ribbon
3 collars per yard of webbing
2 leashes per yard of webbing
2 harnesses per yard of webbing
Buckles made of cast hardware—$0.50 per buckle
4 buckles used per collar
3 buckles used per leash
8 buckles used per harness
3 industrial sewing machines at $3,300 each for a total of $9,900; depreciation is $165 per month (5-year life)
Utilities and insurance: $600 per month; allocate based on square footage
Scissors, thread, cording: $1,200
Price tags: $250 for 2,500 ($0.10 each)
Office supplies: $2,400 or $200 per month
Other business equipment: $2,000
Loan payment of $550 per month
Salary drawn of $500 per month
1[supanova_question]
Report for Modern Pet Shop Modern Pet Shop 1 Investor Report for
Report for Modern Pet Shop
Modern Pet Shop 1
Investor Report for Modern Pet Shop
Southern New Hampshire University
Introduction
Our company strives to deliver quality and stylish sleek designs of our products to keep your pet looking modern and stylish. Modern Pet Shop’s mission is to provide comfortable, safe, and durable collars, leashes, and harnesses for your pets. The company’s vision is to win interest and recognition worldwide among pet specialists, owners, and international pet market.
Purpose
The purpose of this report is to provide an income statement and variance analysis report to share Modern Pet Shop’s performance of operation with stake holders. The performance is based on Modern Pet Shop’s company budget and cost projection of its one month of operation. Stake holders should be paying attention to the company’s performance as well that the report will convey Modern Pet Shop’s cost volume – profit analysis, target profits, financial statements, variances, and income statements.
Methods and Approach
Modern Pet Shop uses the job orders costing system. The job order costing system is used to determine the cost of manufacturing an individual item or job and its profit. Ali in Cost and management accounting practices: a survey of manufacturing companies states that the most used costing method is job orders costing system. An individual might have multiple projects with one customer or several projects with multiple customers, but where an individual wants to track separately which of the projects are more profitable than others (Ali, 2010). The company make estimates about the value of materials, labor, and overhead that will be spent while doing that job. Efficient job order costing helps companies to create quotes that are low enough to be competitive but still profitable for the company. Ali This costing method is most appropriate to modern pet shop since each pet will require its own custom item and style. Quality of product and low competitive yet profitable prices is what will help Modern Pet Shop stand out from other competitors and aid our vision of becoming a worldwide company.
The AICPA membership adopted the Code of Professional Conduct to provide guidance and rules to all members in the performance of their professional responsibilities.
Financial Strategy
Costing System
[Outline why the job order costing system works best for your business. Explain in detail the use of job order costing for this business. Be sure to compare and contrast the various costing systems you learned about in this course as part of your defense.]
Selling Prices
[List the selling price you chose for each product.]
[Explain and defend the selling prices you established for each product. Why did you choose these prices? Be sure to reference your cost-volume-profit analysis in your defense]
Contribution Margin
[Share and explain your contribution margin per unit. How did you arrive at these numbers? Be sure to reference your cost-volume-profit analysis in your defense.]
Target Profits
Modern Pet Shop
Milestone Two – Break-Even Analysis
COLLARS
LEASHES
HARNESSES
Sales Price
$ 24.00
$ 22.00
$ 35.00
Fixed Costs
$ 4,028
$ 4,028
$ 4,202
Contribution Margin
$ 14.90
$ 9.90
$ 20.40
Break-Even Units (round up)
271.00
407.00
206.00
Target Profit
$ 300.00
$ 400.00
$ 500.00
Break-Even Units (round up)
291.00
448.00
231.00
Target Profit
$ 500.00
$ 600.00
$ 650.00
Break-Even Units (round up)
304.00
468.00
238.00
[Specify the break-even points you determined for achieving different target profit levels. Then, explain and defend the target profits you selected for each area of your business. Be sure to reference your cost-volume-profit analysis in your defense.]
Financial Statements
[This section is designed to have you assess your financial performance to date. Remove this note before you submit your paper.]
Statement of Cost of Goods Sold
[Compare the actual cost of goods sold over the last month and evaluate the company’s performance against the budgeted benchmarks. Are the numbers close to what you expected? Interpret the performance and explain what happened.]
Income Statement
[Based on your income statement, logically interpret the business’s performance against the provided benchmarks. Did the company do as well as expected? Explain what happened.]
Variancees
[Illustrate the variances observed between the planned and actual values for the direct labor time and the direct materials price for collars. What changed?]
Significance of Variances
[Share a summary of your variance analysis. Were the variances favorable or unfavorable?]
[Evaluate the significance of the variances. Are the variances favorable or unfavorable? What does it mean? Explain whether and how your evaluation will affect your budgeting and planning decisions for the next month or quarter.]
References
Ali, U. Y. A. R. (2010). Cost and management accounting practices: a survey of manufacturing
companies. Eurasian Journal of Business and Economics, 3(6), 113-125
Ali, U. Y. A. R. (2010). Cost and management accounting practices: a survey of manufacturing
companies. Eurasian Journal of Business and Economics, 3(6), 113-125
Ali, U. Y. A. R. (2010). Cost and management accounting practices: a survey of manufacturing
companies. Eurasian Journal of Business and Economics, 3(6), 113-125
Ali, U. Y. A. R. (2010). Cost and management accounting practices: a survey of manufacturing companies. Eurasian Journal of Business and Economics, 3(6), 113-125[supanova_question]
BRIEFLY summarize the main point of that reading, in two to three sentence.Engage with that reading, by explaining to me
BRIEFLY summarize the main point of that reading, in two to three sentence.Engage with that reading, by explaining to me what you found interesting, challenging, frustrating, wrong and/or right with that reading. What I want to see is your thoughts on the reading. I am NOT looking for just a summary of the reading.https://www.nytimes.com/2020/09/18/us/ruth-bader-ginsburg-dead.html[supanova_question]
Part 1—Outline & Draft (worth up to 35 points) Due Thursday, August
Writing Assignment Help Part 1—Outline & Draft (worth up to 35 points) Due Thursday, August 5th @ 11:59pm
Since you are writing a formal essay in which document format plays a role in how your work is evaluated, please attach a PDF of your Inquiry-Based Argument essay (this must include an MLA- or APA- style Works Cited or References page) in your initial post (please do not cut/paste your essay into the text box). You will earn up to 20 points for submitting a draft that fulfills the minimum requirements described in the assignment sheet.
Also, attach your outline (see the assignment guidelines posted earlier in this module for the outline requirements). You will earn up to 10 points for submitting an outline that fulfills the requirements described in the assignment sheet.
In the body of your post write 2-3 specific questions or areas of concern that you would like your peers to address when they provide feedback. You will earn up to 5 points for including these questions/concerns in your initial post.
Part 2—Peer Feedback (worth up to 15 points) Due Sunday, August 8th @ 11:59pm
On Friday, August 6th you will receive an email from the Professor with review groups and guidelines (check your email for this message). Please do not begin the peer review process until you receive this message!
Once you are assigned to a peer review group and you have read through the guidelines, respond to your assigned peers by hitting “Reply” in the discussion just as if this were one of our regular discussion forums. As usual, I recommend that you write your responses in a separate file, then cut/paste those responses into the forum. Even though you are assigned these specific peers, I encourage you to read and respond to more students.
must earn a minimum score of 70% on this assignment to be eligible for a passing grade in this class.
Inquiry-Based Argument Assessment Rubric
Inquiry-Based Argument Assessment Rubric
Criteria
Ratings
Pts
This criterion is linked to a Learning OutcomeConsistently uses MLA or APA format.
4 pts
Exceptional
3.4 pts
Quite Good
3 pts
Meets Standards
2.4 pts
Emerging
0 pts
Not yet…
4 pts
This criterion is linked to a Learning OutcomeUses purposeful strategies for idea generation, revision, editing, and proofreading.
4 pts
Exceptional
3.4 pts
Quite Good
3 pts
Meets Standards
2.4 pts
Emerging
0 pts
Not yet…
4 pts
This criterion is linked to a Learning OutcomeDemonstrates willingness to consider and apply the suggestions of others.
4 pts
Exceptional
3.4 pts
Quite Good
3 pts
Meets Standards
2.4 pts
Emerging
0 pts
Not yet…
4 pts
This criterion is linked to a Learning OutcomeEdits for control of surface features such as syntax, grammar, punctuation, and spelling.
4 pts
Exceptional
3.4 pts
Quite Good
3 pts
Meets Standards
2.4 pts
Emerging
0 pts
Not yet…
4 pts
This criterion is linked to a Learning OutcomeIdentifies a problem or questions that is timely and merits academic conversation.
6 pts
Exceptional
5.1 pts
Quite Good
4.5 pts
Meets Standards
3.6 pts
Emerging
0 pts
Not yet…
6 pts
This criterion is linked to a Learning OutcomeContextualizes and presents a clear, insightful thesis.
8 pts
Exceptional
6.8 pts
Quite Good
6 pts
Meets Standards
4.8 pts
Emerging
0 pts
Not yet…
8 pts
This criterion is linked to a Learning OutcomeUses writing for inquiry, learning, thinking, and communicating.
6 pts
Exceptional
5.1 pts
Quite Good
4.5 pts
Meets Standards
3.6 pts
Emerging
0 pts
Not yet…
6 pts
This criterion is linked to a Learning OutcomeEvaluates, analyzes, and synthesizes a variety of credible sources.
6 pts
Exceptional
5.1 pts
Quite Good
4.5 pts
Meets Standards
3.6 pts
Emerging
0 pts
Not yet…
6 pts
This criterion is linked to a Learning OutcomeIntegrates her/his/their own ideas along with those of others.
8 pts
Exceptional
6.8 pts
Quite Good
6 pts
Meets Standards
4.8 pts
Emerging
0 pts
Not yet…
8 pts
This criterion is linked to a Learning OutcomeThe writer presents a clear purpose, and maintains that focus throughout the essay.
4 pts
Exceptional
3.4 pts
Quite Good
3 pts
Meets Standards
2.4 pts
Emerging
0 pts
Not yet…
4 pts
This criterion is linked to a Learning OutcomeMeets the needs of a specific audience/rhetorical situation. Adopts appropriate voice, tone, and level of formality.
4 pts
Exceptional
3.4 pts
Quite Good
3 pts
Meets Standards
2.4 pts
Emerging
0 pts
Not yet…
4 pts
This criterion is linked to a Learning OutcomeEffectively employs ethos, pathos, and logos in developing essay.
4 pts
Exceptional
3.4 pts
Quite Good
3 pts
Meets Standards
2.4 pts
Emerging
0 pts
Not yet…
4 pts
This criterion is linked to a Learning OutcomeStructure, paragraphing, organization, and transitions help advance the writer’s purpose.
6 pts
Exceptional
5.1 pts
Quite Good
4.5 pts
Meets Standards
3.6 pts
Emerging
0 pts
Not yet…
6 pts
This criterion is linked to a Learning OutcomeResearch includes a variety of credible sources, including at least one scholarly, peer-reviewed source.
6 pts
Exceptional
5.1 pts
Quite Good
4.5 pts
Meets Standards
3.6 pts
Emerging
0 pts
Not yet…
6 pts
This criterion is linked to a Learning OutcomeIncorporates information strategically to accomplish the intended purpose.
6 pts
Exceptional
5.1 pts
Quite Good
4.5 pts
Meets Standards
3.6 pts
Emerging
0 pts
Not yet…
6 pts
This criterion is linked to a Learning OutcomeIntegrates source material effectively and in varied ways.
6 pts
Exceptional
5.1 pts
Quite Good
4.5 pts
Meets Standards
3.6 pts
Emerging
0 pts
Not yet…
6 pts
This criterion is linked to a Learning OutcomeUses information ethically and legally; represents sources fairly.
6 pts
Exceptional
5.1 pts
Quite Good
4.5 pts
Meets Standards
3.6 pts
Emerging
0 pts
Not yet…
6 pts
This criterion is linked to a Learning OutcomeWriter has clearly allowed research to guide her/his/their thinking about the issue.
8 pts
Exceptional
6.8 pts
Quite Good
6 pts
Meets Standards
4.8 pts
Emerging
0 pts
Not yet…
8 pts
Total Points: 100
Annotated Bibliography: Dean Feedback
You’ve selected interesting articles to examine; however, your summaries of these works miss the mark in some places. For example, Maier’s “Is Cleopatra Black” wants to go about “dismantling the pervasive power of white supremacy,” and I don’t see that aspect reflected in your writing. You seem to be cherry picking ideas from these works that align with your academic positions rather than investigating and summarizing all of the pertinent pieces of this scholarship. Also, you don’t have correct APA citations for your bibliography. A Writing Center consultant or I could help you improve these facets of your bibliography.
Problem Statement: Dean Feedback
Your writing is usually clear and I understand that you are seeking to disprove Afrocentrism. However, you didn’t follow the directions for this assignment to number the paragraphs in alignment with the assignment prompt. Also, your problem statement thesis, which I assume is your last sentence prior to the Work Cited, is too broad and lacks clarity. You should focus and clarify your arguments as you continue to think through these ideas. https://onlyassignmenthelp.com/index.php/2021/11/28/present-and-study-a-network-that-you-will-create-yourself-2/ [supanova_question]
[Company Name] 1 Report for [Company Name] [Note: To complete this template,
[Company Name] 1
Report for [Company Name]
[Note: To complete this template, replace the bracketed text with your own content. Remove this note before you submit your paper.]
Investor Report for [Company Name]
[Your Name]
Southern New Hampshire University
Introduction
[Outline your company’s business and your vision for its future.]
[Introduce the company and its business. What is your vision for the future of the business? What do you hope to achieve? Where do you see the company in five years or ten?]
Purpose
[Explain the purpose of the report and what you hope to convey about the company and its financials.]
[What do you plan to communicate, and why should your investors pay attention? In other words, try to persuade your investors that the accounting information you are about to share is important.]
Methods and Approach
[Explain some management accounting methods you used to determine your costing strategy, evaluate your financial information, etc., and explain how these methods support the mission and vision of the company.]
[Briefly describe how your report and the data it represents adheres to industry standards and the AICPA code of ethics. In other words, why should your investors trust that you are delivering accurate financial data and that your decision-making process has been ethical?]
Financial Strategy
[In this section, review your original business plan and costing strategies. Remove this note before you submit your paper.]
Costing System
[Outline why the job order costing system works best for your business. Explain in detail the use of job order costing for this business. Be sure to compare and contrast the various costing systems you learned about in this course as part of your defense.]
Selling Prices
[List the selling price you chose for each product.]
[Explain and defend the selling prices you established for each product. Why did you choose these prices? Be sure to reference your cost-volume-profit analysis in your defense]
Contribution Margin
[Copy and paste your completed table from the “Contribution Margin Analysis” tab of your Project Workbook.]
[Share and explain your contribution margin per unit. How did you arrive at these numbers? Be sure to reference your cost-volume-profit analysis in your defense.]
Target Profits
[Copy and paste the completed table from the “Break-Even Analysis” tab of your Project Workbook.]
[Specify the break-even points you determined for achieving different target profit levels. Then, explain and defend the target profits you selected for each area of your business. Be sure to reference your cost-volume-profit analysis in your defense.]
Financial Statements
[This section is designed to have you assess your financial performance to date. Remove this note before you submit your paper.]
Statement of Cost of Goods Sold
[Copy and paste your table from the “COGS” tab of your completed Project Workbook.]
[Compare the actual cost of goods sold over the last month and evaluate the company’s performance against the budgeted benchmarks. Are the numbers close to what you expected? Interpret the performance and explain what happened.]
Income Statement
[Copy and paste your table from the “Income Statement” tab of your completed Project Workbook.]
[Based on your income statement, logically interpret the business’s performance against the provided benchmarks. Did the company do as well as expected? Explain what happened.]
Variances
[Copy and paste your table from the completed “Variances” tab of your Project Workbook.]
[Illustrate the variances observed between the planned and actual values for the direct labor time and the direct materials price for collars. What changed?]
Significance of Variances
[Share a summary of your variance analysis. Were the variances favorable or unfavorable?]
[Evaluate the significance of the variances. Are the variances favorable or unfavorable? What does it mean? Explain whether and how your evaluation will affect your budgeting and planning decisions for the next month or quarter.]
References
[Include any references cited in your paper in full APA format. Don’t forget to include in-text citations as well.][supanova_question]
Write a one-paragraph academic response to “The World Turns Gray.” Response paragraph
Write a one-paragraph academic response to “The World Turns Gray.”
Response paragraph should be 300-350 words
Response paragraph should follow North American Style
Writing a response paragraph
The response paragraph should NOT include these phrases (I think, in my opinion, I agree, I disagree, from my point of view, He, She, We, I)
Important Instructions:
1. Read the original text carefully. Make sure you understand it completely.
2. What do you think about the points made in the article? Do you agree? Why? If you disagree, why?
3. Look back at the original text and see if you can find points to use to either support or refute.
4. What other points from your own experience can you use to support or refute the points in the article?
5.Think of a strong topic sentence that shows your opinion. You will need to make this your topic sentence along with the full title of the article and the name of the author.
6.The supporting sentences should explain your point of view
Rubric:
Content of Response: The quality of the response shows not only the writer clearly understands the topic, but also show insight into the subject matter.
The quality of the content shows that the writer is fully able to discuss his/her opinion using convincing evidence.
Development of Response: There is clear logical development of support.
Topic sentence has a clear controlling idea that develops in the entire paragraph. Topic sentence includes the original source as well as citation.
Coherence in Paragraphs: Coherence was crystal clear in each paragraph.
A wide variety of appropriate transition words and devices were used to add coherence and cohesion.
Clarity in Paragraphs: The writing was completely clear. There was no ambiguity. The support was complete clear.
Grammar: Writing shows excellent grasp of even complex grammar.
Sentence Structure: A wide variety of sentence structures were used appropriately and with complete flexibility.
Vocabulary: A wide variety of appropriate vocabulary was used with complete flexibility.[supanova_question]