Book: The Old Man and the Sea

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Reading materials (Sources to be cited and used throughout the essay):

  1. Primary Reading: The Old Man and the Sea (entire book).
  2. Secondary Reading: “Hemingway Introduction” by Margaret Anne O’Connor
  3. Critical Secondary Reading: “Sparring in the dark – Hemingway” (use this source to provide added interpretation of one of the primary reading. Quote, summarize, and paraphrase. Respond critically to the writer’s ideas.)

Writing prompt:
Write about the fishing itself. Why does Hemingway spend so much time describing the physical details of the fishing—from the line, to the bait, to the fish in the water? What do you make of the times in the novel that Santiago talks to the fish? Are the fish symbolic of something greater, are they simply fish, or are they both? Be sure to spend time thinking specifically about the big fish that the old man reels in at the near the end of the novel. Make sure to use each of the three sources multiple times (at least 3 different points from each source).

Sample Solution

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acc 206 final paper

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Please complete the following 5 exercises below in either Excel or a word document (but must be single document). You must show your work where appropriate (leaving the calculations within Excel cells is acceptable). Save the document, and submit it in the appropriate week using the Assignment Submission button.

Please use the following Present and Future Value Tables below as a resource to solving the assigned problems:

Future Value of $1

Present Value of $1

Present Value of Ordinary Annuity
Final Paper

Focus of the Final Paper

You’ve just been hired onto ABC Company as the corporate controller. ABC Company is a manufacturing firm that specializes in making cedar roofing and siding shingles. The company currently has annual sales of around $1.2 million, a 25% increase from the previous year. The company has an aggressive growth target of reaching $3 million annual sales within the next 3 years. The CEO has been trying to find additional products that can leverage the current ABC employee skillset as well as the manufacturing facilities.    

As the controller of ABC Company, the CEO has come to you with a new opportunity that he’s been working on. The CEO would like to use the some of the shingle scrap materials to build cedar dollhouses. While this new product line would add additional raw materials and be more time-intensive to manufacture than the cedar shingles, this new product line will be able to leverage ABC’s existing manufacturing facilities as well as the current staff. Although this product line will require added expenses, it will provide additional revenue and gross profit to help reach the growth targets. The CEO is relying on you to help decide how this project can be afforded  Provide details about the estimated product costs, what is needed to break even on the project, and what level of return this product is expected to provide.

In order to help out the CEO, you need to prepare a six- to eight-page report that will contain the following information (including exhibits, but excluding your references and title page). Refer to the accompanying Excel spreadsheet (available through your online course) for some specific cost and profit information to complete the calculations.

Final Paper Spreadsheet 

I. An overall risk profile of the company based on current economic and industry issues that it may be facing. 

II. Current company cash flow

a. You need to complete a cash flow statement for the company using the direct method.
b. Once you’ve completed the cash flow statement, answer the following questions:

i. What does this statement of cash flow tell you about the sources and uses of the company funds?
ii. Is there anything ABC Company can do to improve the cash flow?
iii. Can this project be financed with current cash flow from the company? Why or why not?
iv. If the company needs additional financing beyond what ABC Company can provide internally (either now or sometime throughout the life of the project), how would you suggest the company obtain the additional financing, equity or corporate debt, and why?

III. Product cost: ABC Company believes that it has an additional 5,000 machine hours available in the current facility before it would need to expand. ABC Company uses machine hours to allocate the fixed factory overhead, and units sold to allocate the fixed sales expenses. Bases on current research, ABC Company expects that it will take twice as long to produce the expansion product as it currently takes to produce its existing product.

a. What is the product cost for the expansion product under absorption and variable costing?
b. By adding this new expansion product, it helps to absorb the fixed factory and sales expenses. How much cheaper does this expansion make the existing product?
c. Assuming ABC Company wants a 40% gross margin for the new product, what selling price should it set for the expansion product? 
d. Assuming the same sales mix of these two products, what are the contribution margins and break-even points by product?

IV. Potential investments to accelerate profit: ABC company has the option to purchase additional equipment that will cost about $42,000, and this new equipment will produce the following savings in factory overhead costs over the next five years: 

Year 1, $15,000
Year 2, $13,000
Year 3, $10,000
Year 4, $10,000
Year 5, $6,000

ABC Company uses the net-present-value method to analyze investments and desires a minimum rate of return of 12% on the equipment.

a. What is the net present value of the proposed investment (ignore income taxes and depreciation)?
b. Assuming a 5-year straight-line depreciation, how will this impact the factory’s fixed costs for each of the 5 years (and the implied product costs)? What about cash flow?
c. Considering the cash flow impact of the equipment as well as the time-value of money, would you recommend that ABC Company purchases the equipment? Why or why not? 

V. Conclusion:

a. What are the major risk factors that you see in this project?
b. As the controller and a management accountant, what is your responsibility to this project?
c. What do you recommend the CEO do?

Writing the Final Paper

1.    Must be six to eight double-spaced pages in length, and formatted according to APA style as outlined in the Ashford Writing Center.
2.    Must include a title page with the following:

a.    Title of paper
b.    Student’s name
c.    Course name and number
d.    Instructor’s name
e.    Date submitted

 

3.    Must begin with an introductory paragraph that has a succinct thesis statement.
4.    Must address the topic of the paper with critical thought.
5.    Must end with a conclusion that reaffirms your thesis.
6.    Must document at least three, but no more than five sources in APA style, as outlined in the Ashford Writing Center.
7.    Must include a separate reference page, formatted according to APA style as outlined in the Ashford Writing Center.

 

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discuss the parenting styles

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Types of parenting

Format your work in APA

1 page single spaced

3 references

No grammar mistakes

No plagiarism please

 

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Buy Custom Nursing Papers

Introduction to Quantitative Methods

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Task 1 of 1: Numeracy Assessment and Exercise
Question 1:
Given are the revenue and expenses of DYI Stores Ltd., a high street chain selling DYI goods.
Year Revenue Expenses Actual profits budgeted profits
2013 £ 316,449,668.60 £ 313,395,191.59 £ 3,046,000.00
2014 £ 354,423,628.83 £ 344,734,710.74 £ 9,561,000.00
2015 £ 396,954,464.29 £ 379,208,181.82 £ 18,115,000.00

a. The above table requires computation of Actual Profits.
Actual Profits for each year = Revenue of the year – Expenses of the year.
Year Revenue Expenses Actual profits budgeted profits
2013 £ 316,449,668.60 £ 313,395,191.59 = £ 316,449,668.60 – £ 313,395,191.59
= £ 3,054,477.01 £ 3,046,000.00
2014 £ 354,423,628.83 £ 344,734,710.74 = £ 354,423,628.83 – £ 344,734,710.74
= £ 9,688,918.09 £ 9,561,000.00
2015 £ 396,954,464.29 £ 379,208,181.82 = £ 396,954,464.29 – £ 37,9,208,181.82
= £ 1,77,46,282.47 £ 18,115,000.00

b. Computation of likely profit of 2016:
Annual Revenue Increase Rate = (Revenue of Year 2 – Revenue of Year 1) / Revenue of Year 1
Year Revenue Annual Revenue Increase rate
2013 £ 316,449,668.60
2014 £ 354,423,628.83 = (£ 354,423,628.83 – £ 316,449,668.60) / £ 316,449,668.60
= 12.00%
2015 £ 396,954,464.29 = (£ 396,954,464.29 – £ 354,423,628.83) / £ 354,423,628.83
= 12.00%

Similarly,
Annual Expense Increase Rate = (Expense of Year 2 – Expense of Year 1) / Expense of Year 1
Year Expenses Annual Expense Increase rate
2013 £ 313,395,191.59
2014 £ 344,734,710.74 = (£ 344,734,710.7 – £ 313,395,191.59) / £ 313,395,191.59
= 10.00%
2015 £ 379,208,181.82 = (£379,208,181.82 – £ 344,734,710.74) / £ 344,734,710.74
= 10.00%

Budgeted figures for 2016:
Budgeted Revenue of 2016 = Revenue of 2015 + 12% of Revenue of 2015
Budgeted Expense of 2016 = Expense of 2015 + 10% of Expense of 2015
Budgeted Profit = Budgeted Revenue of 2016 – Budgeted Expense of 2016
Year Revenue Expenses budgeted profits
2016 = £ 396,954,464.29 + (12% * £ 396,954,464.29)
= £ 444,589,000.00 = £ 379,208,181.82 + (10% * £ 379,208,181.82)
= £ 417,129,000.00 = £ 444,589,000.00 – £ 417,129,000.00
= £ 27,460,000.00

c. Law of Probability and likelihood of actual profits being higher than the budgeted profits:
Probability is a computed estimation of the accruing of an event. In normal business, the law of probability can be applied to compute several possible outcomes in various arenas of business. Investments, client services and competitive strategies are examples of such fields. In case of investments, the entity should predict how many products they should sell to be able to invest the appropriate quantum of resources into the production. In case of Customer behaviour, prediction is needed for companies to be able to know how they can promote their services.
In the given case, the total number of years for which the profit data is available is 3.
Of the 3 years given, Number of years where Actual Profit is greater than Budgeted Profit = 2
Number of years where Actual Profit is less than Budgeted Profit = 1
Ratio of Actual profit being higher than budgeted profit over actual profit being lower than budgeted profit = 2:1
In terms of percentage, it is 66.67% : 33.33%
Thus, the probability that the actual profit shall be greater than budgeted profit is 66.67%.

Question 2:
Part 1:
a. Given,
Purchase price = £ 350
Reselling price = £ 450
Garage space rent = £ 800 per month
Let the number of units sold in a month be x
Total sales = 450x
Total purchases = 350x
Gross profit = 450x – 350x = 100x
Net profit = Gross Profit – Other expenses
= 100x – 800
Therefore, equation to calculate profit = 100x -800

b. In order to attain Breakeven,
Breakeven units = Fixed Costs / Contribution per unit
Breakeven units = 800 / 100
= 8 units.

c. If John sells 23 pushchairs, his profit shall be :
Equation: 100x – 800
= (100 * 23) – 800
= 2300 – 800
= £ 1500
Part 2:
a. Given,
Purchase Price = £ 0.90
Sales price = £ 1
Store Rent = £ 2000 per month.
Let the number of units sold in a month be x
Total sales = 1x
Total purchases = 0.90x
Gross profit = 1x – 0.90x = 0.10x
Net profit = Gross Profit – Other expenses
= 0.10x – 2000
Therefore, equation to calculate profit = 0.10x – 2000

b. In order to attain Breakeven,
Breakeven units = Fixed Costs / Contribution per unit
Breakeven units = 2000 / 0.10
= 20,000 units.

c. If Hector sells 15000 products, his loss shall be :
Equation: 0.10x – 2000
= (0.10 * 15000) – 2000
= 1500 – 2000
= £ 500 loss

Question 3:
Part 1:
a. Equation for computation of Maximum Profit:
Relationship between sales and Price:
First, we need to write the equation to represent the calculation
Profit = Revenue – Cost
Revenue = Quantity sold * Price
R = Revenue
Using the High-Low method,
At price 15, quantity = 0
At price 14, quantity = 15
Quantity change per change in price = (15-0) / (15-14)
= 15
Now, at price = 14, quantity = 1
Quantity Per Day)*( = (225 – 15P) * 10
Revenue Per Day = P * (225 – 15P) * 10
= 2250P – 150P2
Cost Per Day = 10*4.5 * (225 – 15P) + 130
= 10125 – 675P + 130
= 10255 – 675P
Profit Per Day = Revenue Per Day – Cost Per Day
= 2250P – 150P2 – 10255 + 675P
= 2925P – 150P2 – 10255
This equation can be used to create a table for price range from £15 to £3

b. Table presenting price and profit:
Price Quantity per hour Revenue per day(£) Cost (£) Profit (£)
3 180 5400 8230 -2830
4 165 6600 7555 -955
5 150 7500 6880 620
6 135 8100 6205 1895
7 120 8400 5530 2870
8 105 8400 4855 3545
9 90 8100 4180 3920
10 75 7500 3505 3995
11 60 6600 2830 3770
12 45 5400 2155 3245
13 30 3900 1480 2420
14 15 2100 805 1295
15 0 0 130 -130

Note: The cost also includes the fixed cost of rent space.

c. Graph presentation:

d. The maximum possible profit is £ 3,995 per day.
The selling price to achieve this profit is £ 10 per unit.

Part 2:
a. Tabular Presentation of Price and Profit:
In order to derive a relationship between price and quantity, the quantity sold = 180 – 40P.
This has been computed using the high low method.
At price 4, quantity = 20
At price 1, quantity = 140
quantity change per change in price = (140 -20) / (4 – 1) = 40
Say for Price = 1, Quantity is 140.
Quantity = 180 – (40*price)
Quantity sold = 180 – 40P
Revenue = P * (180 – 40P)
= 180P – 40P2
Cost = (Quantity * 0.65) + 60
= (180 – 40P) * 0.65 + 60
= 117 – 26P + 60
= 177 – 26P
Profit = Revenue – Cost
= 180P – 40P2 – (177 – 26 P)
= 206P – 40P2 – 177

Price Quantity Revenue Cost Profit/(Loss)
4 20 80 73 7
3.5 40 140 86 54
3 60 180 99 81
2.5 80 200 112 88
2 100 200 125 75
1.5 120 180 138 42
1 140 140 151 -11
0.5 160 80 164 -84

b. Diagrammatic presentation of the above:

c. Optimal Selling Price = £ 2.5 as it yields the maximum profit of £ 88.

Sample Solution

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