Category: Accounting homework help

 Scenario and Assignment Details
Elon Motors produces electric automobiles. In recent years, they have been making all components of the cars, excluding the batteries for each vehicle. The company’s leadership team has been considering the ways to reduce the cost of producing its cars. The leadership team considered various options and believes Elon Motors could reduce the cost of each car if it produces the car batteries instead of purchasing  from the current vendor, Avari Battery Company.
Currently, the cost of each battery is $325 per unit. Elon Motors feels that it could greatly reduce the cost if the production team makes each battery. To produce these batteries, the company will need to purchase specialized equipment. Cost of the new equipment is  $1,570,000 with salvage value of $70,000 and a useful life of 10 years.
Currently, Elon Motors purchases 3,000 batteries per year, and  expects that the production will remain the same for the coming 10-year period. To make  batteries, Elon Motors has provided  below the relevant data about the proposed project.
Purchase of direct materials at a cost of $125 per battery produced.
Employing  three production workers to make the batteries. Each worker likely works for 2,080 hours per year and makes $25 per hour. In addition, health benefits will amount to 20% of the workers’ annual wages.
The variable manufacturing overhead costs are estimated to be $25 per unit.
Because there is currently unused space in the factory, no additional fixed costs would be incurred if this proposal is accepted.
Cost of capital (hurdle rate) has been determined to be 10% for all new projects, and the current tax rate of 30% is anticipated to remain unchanged.
The pricing for the company’s products as well as number of units sold will not be affected by this decision.
Elon Motors uses straight-line method to depreciate the equipment. 
 Required Items
Based on the above information and using the provided Excel template (Files), calculate the following items for the proposed equipment purchase.
Annual cash flows over the expected life of the equipment
Payback period
Accounting rate of return
Net present value
Internal rate of return
Modified Internal rate of return

1. Read article 
https://www.nytimes.com/2023/12/16/business/social-security-taxes-retirement.html
2. 
a. Overview/Summary
b. Opinion/Analysis – The Opinion/Analysis section should demonstrate your critical thinking and analysis of the subject matter.
c. Relevance to business climate. – The Relevance section should offer an insight-building summary, recommendations, findings and conclusions.
3. 300 words or more 
4. Resources only – Chapter 11 (attached PPTX) and News Article 

In this group assignment, you will collaborate to submit a case report. The main body of the report must be no shorter than 3 pages and no longer than 5 pages, single spaced. The main body should comprise:
Introduction/Background information – include relevant facts and issues on company. Competitors, industry; This will provide evidence that you have conducted additional research on the problem;
Financial Analyses – Provide answers based on both qualitative and quantitative analyses to the following questions:
How has Amazon performed leading up to its 20-year-anniversary as a public company? Over the long-term? In the near-term? 
Compute financial ratios from Amazon’s 2014-16 financial statements provided in the case and report the main takeaways.
Why was Amazon’s 2014-16 cash flow from operations higher than its net income? 
What did Amazon do with the cash flow that it generated between 2014 and 2016? 
Articulate a pathway for Amazon to get from $2 billion to $20 billion in net income between 2016 and 2021 as envisioned by the Barron’s article cited in the case?
Recommendation/Solution –Provide one justifiable and realistic solution to the problem as identified in the articulated pathway; explain the reasons behind the proposed solution; support this solution with justification and include relevant theoretical concepts as well as the results of your research.
Figures and tables could be placed in an appendix at the end of the paper but preferably incorporated in the body where appropriate.  All figures and tables must be numbered and all pages, including pages with tables and figures must be numbered. 
Task:
Review the Amazon Case Report
Submit your case report.
Review the grading criteria.
Note: One report will be handed in and each member will get the same grade unless otherwise requested. List names of contributing group members in report. 

 
How does financial planning benefit the business model of your new venture? Please support your thoughts with relevant outside information in your 200-250-word responses.
Make sure to support your thoughts with relevant, outside, reliable academic and peer-reviewed resources that are properly identified, cited, and referenced in your response.

 
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An integral part of the business plan is to develop a business model. Simply put, a business model describes how a company plans to make money. It is not what you do, but how you will make money doing what you do. A solid business model is the link between venture strategy and financial plans. Projecting the financial performance and requirements can be classified as financial goals of the venture. A venture capitalist will want to know not only the numbers, but how those were derived. 
For this professional assignment, you will develop both a business model and financial goals for your new venture. Using chapters 5 and 9 of your textbook for reference, develop and submit the following:
Define the business model of your venture company, explaining why it is you have selected this business model as the ideal model for your venture.
Create a five-year revenue projection and illustrate how you have come up with the projected numbers.
Develop a five-year pro forma P&L statement and justify your assumptions within the statement.
Devise a five-year pro forma cash flow statement and justify your assumptions within the statement.
Design a five-year pro forma balance sheet and specify how the balance sheet relates to the other two financial statements in parts (2) and (3).

 
Create a list of questions using Artificial Intelligence that highlight where your knowledge deficiencies are:
Choose a topic. Choose a topic that you are interested in but that you are not an expert on. This will give you the opportunity to use AI to learn more about the topic and to generate questions that you might not have thought of on your own.
Use an AI tool. There are a number of AI tools that you can use to generate questions. Some popular options include Bard, ChatGPT, and Google AI.
Prompt the AI tool. When you prompt the AI tool, be sure to be as specific as possible about your topic. You can also provide the AI tool with some background information on your topic to help it generate more relevant questions. Keep at this step to probe for solutions while still asking questions. Avoid the temptation to have the AI also provide your team with solutions. 
Additional Tips
Use AI to generate a large number of questions so that you have a wide range of options to choose from. Be specific. If you want twenty questions, ask for twenty questions. The AI will give you what you request. 
Don’t be afraid to experiment with different prompts and AI tools. If you are using ChatGPT, try Bard or Bing instead.
Refine your questions. Once the AI tool has generated a list of questions, take some time to refine them. Make sure that the questions are clear, concise, and focused on your topic. You may also want to add some follow-up questions or questions that explore different perspectives on your topic.
Your goal is to find answers to these questions that will help you find solutions to the problem. An optional template is provided in the Resources section above.
Divide up the work of researching the answers to those questions. Use both scholarly and quality practitioner resources to help your team learn the answers together.
Compile an organized list of the team’s questions and answers (Q&As) along with the resources you used in your research. Clearly indicate team members’ contributions.

Instructions
Bob and Carol are planning for the birth of their first child exactly four years from today. They are now ready to start their savings plan for the big event. The current hospital cost for having a healthy baby at the local hospital is $6500 after all insurance payments. Pre-natal care for the immediate 12-month period prior to having the baby amounts to $2000 out-of-pocket costs. Carol’s best friend is planning a baby shower, so only a crib, a baby carrier, and other miscellaneous items will be needed, which all cost $1,200 today. However, these items will be purchased and paid for the day of the child’s birth, and the items are expected to increase in costs by 10% each year over the next four years due to inflation.
Bob and Carol now have $500 in cash that they plan to put in the bank in order to cover the all the new costs. Also, Uncle Ted has promised to contribute $1000 at the end of year two, as a present to Bob and Carol for baby expenses. 
Currently, Bob and Carol can earn 6% compounded annually on this money. In order to be able to pay cash for all these expenses on the day the baby is born, how much will Bob and Carol have to save, assuming the baby is born exactly four years from today
Questions:
Draw the timeline that illustrates the timing of all the events of the situation described above.
How much will Bob and Carol need to have in the bank on the day the baby is born in order to achieve all their goals?
What amount needs to be saved at the end of each year in order for Bob and Carol to reach their financial goals?

Investors use the financial statements in many ways. One of the most important uses of these statements is to evaluate past performance and project future performance.  Address one of the following prompts in a brief but thorough manner.
What are the major financial statements and what types of information does each provide the user? Who and what are the potential users of these types of financial statements? 
What is a pro forma financial statement and what types of information does it provide the user?
Who and what are the potential users and uses of these types of pro forma financial statements?
Your posting should be approximately 500 words in length.

for the company assigned to you run a financial statement analysis determine whether you will invest in the company as a share holder?