2. Alpha Car Rental Agency plans to purchase five new automobiles to replace five older vehicles. The older vehicles are to be sold at auction. The agency has solicited from five individuals, each of whom wishes to buy only one vehicle but has agreed to make a sealed bid on each of the five. The bids are as follows in terms of (10,000): The agency wishes to determine which bid to accept from each of the five bidders so that each of them can buy one vehicle accepted bids is a maximum. (Maximization Problem) Automobiles Buyers Toyota Mitsubishi Ford Chevrolet Nissan 1 12 20 10 8 7 2 10 13 11 9 14 3 5 6 10 7 3 4 9 7 10 9 11 10 14 12 10 6 5
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- The director collected $3000 amount as funds for the tournament on the condition that the amount will be spent on buying prices and trophies and for the two-day tournament and also arranging food for people participating in the tournament. The funds were collected as donations from the people. However, the manager of the club said that as the club is struggling in making profits, $1500 would be spent on the tournament, and the remaining $1500 will be considered as pure profits. This was not acceptable by the person who arranged the funds for the tournament after convincing people that the entire amount will only be used on the tournament. 1. Was it right in challenging my manager? Should I have handled this differently?Assume that you are a partner with the firm of Santos & Lopez LLP. You have been asked by Gonzales, Inc., an industrial supply company, to provide assurance about the change in existing customer satisfaction over the last three years. Gonzales' management has indicated that the criteria it intends to use to evaluate customer satisfaction are a combination of customer retention rate and increase in peso sales. Gonzales' management will provide a schedule of the customer satisfaction measures and a note that describes the criteria used Required If Gonzales wants to provide the presentation and CPA's report for general use by prospective customers, identify any available standards that provide guidance for such a service and the type or types of services that your firm could provideExplain all options, please.
- The director collected $3000 amount as funds for the tournament on the condition that the amount will be spent on buying prices and trophies and for the two-day tournament and also arranging food for people participating in the tournament. The funds were collected as donations from the people. However, the manager of the club said that as the club is struggling in making profits, $1500 would be spent on the tournament, and the remaining $1500 will be considered as pure profits. This was not acceptable by the person who arranged the funds for the tournament after convincing people that the entire amount will only be used on the tournament. 1. Do you think the companies would have felt cheated if the golf course had pocketed theirdonations?24. The purchase manager of a government department is analysing a set of bids that he has received for five projects from six bidders. The guidelines established for selecting the successful bidders require the manager to (a) minimise the total cost to complete the projects; (b) not award more than one con- tract to each bidder; and (c) disregard the lowest bid whenever it is more than 25 percent of and below the next lowest bid (the assumption being that the quality of the work will not be up to standards). The bids on the projects (in thousands of rupees) are shown in the table that follows: Contract Bidder A D E 1 7 8 12 7 2 13 10 14 5 3 3 7 6. 13 11 4 17 17 7 8. 8 12 7 15 16 6 10 10 10 16 8 Now, (i) identify which particular bidder(s) shall not be eligible for which particular contract(s) in pursu- ance of the requirement in (c). (ii) identify the successful bidder for each of the five contracts. (iii) state how much this five contract assignment will cost the department. (iv)…13. With a fixed value stock bid, the only the bidding company’s shareholders face market and operational risk between the deal announcement and completion date. True/False and WHY
- Classique Designs sells a variety of merchandise, including school shoes for girls. The business began the last quarter of 2013 with 30 pairs of the “Aerosoles” brand at a total cost of $54,000. The following transactions, relating to the “Aerosoles” brand were completed during the quarter: October 3 Purchased 45 pairs of shoes at a cost of $1,900 each. October 15 Sold 55 pairs to Casually Elegant Ltd at a unit price of $2,780 October 26 Purchased 70 pairs at a cost of $2,400 each but these were subject to a trade discount of 5%. November 10 Sold 60 pairs to Best City Store which yielded total sales revenue of $192,000. November 14 Owing to an increased demand for this brand, the manager of Classique purchased 80 additional pairs of the “Aerosole” brand at a unit cost of $2,500, but additionally there was freight charge of $100 on each pair. November 24 Sold 60 pairs of shoes to Big Buy Company at a price of $3,600 each. November 30 A physical…The Jennings Construction Company has decided to bid on the construction for each of the two phases of a large project. The bidding requirements are that the costs for each phase be submitted separately together with a transition cost for turning over the first phase of the program to a second contractor should Jennings not receive both awards or perform unsatisfactorily on the first phase. The evaluation for the award of the second phase will not be made until the first phase is near completion. How can the transition costs be identified in the strategic planning model?CVS signed a 15-year triple net lease for a 333,000 square foot distribution facility in Irvine, California with a first year base rent of $2,250,000 and fixed annual base rent increases of 3% per year. What would be the expected sale price of the property if it is sold at the end of the tenth lease year based on a sale capitalization rate of 4% that is applied to the eleventh year projected NOI? a. $75,595,296 b. $56,250,000 c. $77,863,155 d. $73,393,492
- OPSM Opticians Ltd is a producer of fashion eyewear. The audit report for the year ended 30June 20X9 was signed on 5 August 20X9 and along with the financial report was mailed toshareholders on 10 August.Consider the following independent events. Assume that each event is material.I. On 5 July, OPSM Opticians entered into a new contract to supply eyewears to JDS, a newmajor department store. The contract was similar in nature to other contracts previouslynegotiated. II. OPSM Opticians has invested significant funds in developing a new type of unbreakablesunglass lens. On 8 July, OPSM Opticians applied for a patent for the lens, only to discoverthat a competitor had lodged a similar application on 20 June. The granting of TrendyAccessories’ application is now in serious doubt. III. Internal audit has uncovered a major fraud at one of OPSM Opticians branches. The fraudwas perpetrated by two senior staff, acting in collusion over a number of years. Theinternal auditors released their…Explain the Proportionality assumption?Alicia Wong Alicia Wong, Corporate Supply Manager, Thain Foods Limited, wanted to prepare a proposal to manufacture mustard in-house. Mustard, an important ingredient in many of the company’s products, was currently purchased from an outside supplier. She hoped a comprehensive proposal could be prepared in one-month’s time for the CEO’s approval Thain Foods Limited (TFL) had been in business for morethan 30 years. Its products included a wide range of syrupsfudges, cone dips, sauces, mayonnaise, and salad dressings. Its customers were major food chains, hotels, and restaurants in North America and Europe. TFL believed in continuous improvement to its operations. Over the last two years, it invested more than $2 million in plant facilities, the bulk of it new, state-ofthe-art process equipment and process control. All production and process control functions were computerized for maximum efficiency. TFL employed about 120 people. It had a corporate structure of CEO; president; executive…