Who Wants To Be A Millionaire? Semester “Project” for Programming SS 2014 If in doubt: Document your assumptions on further requirements that you intend to implement and your design decisions. Deliverables: Source code as one ZIP file together with all files that are additionally needed (e.g. configuration, icons, …) in that ZIP file. Short textual description how to start the game. Non Functional Requirements 1. The system shall be implemented in Java 2. Source code shall be documented using JavaDoc 3. The system shall be organized in several classes. 4.

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Who Wants To Be A Millionaire? Semester “Project” for Programming SS 2014 If in doubt: Document your assumptions on further requirements that you intend to implement and your design decisions. Deliverables: Source code as one ZIP file together with all files that are additionally needed (e.g. configuration, icons, …) in that ZIP file. Short textual description how to start the game. Non Functional Requirements 1. The system shall be implemented in Java 2. Source code shall be documented using JavaDoc 3. The system shall be organized in several classes. 4. For each class module tests are defined and usable. 5. Error handling has to be realized with the Java exception handling system. Functional Requirements 6. Random Questions: Questions shall be randomly presented (for subsequent trials different questions have to be presented). 7. Questions: The answer to a question shall be rewarded with the following amounts £100, £200, £300, £500, £1,000, £2,000, £4,000, £8,000, £16,000, £32,000, £64,000, £125,000, £250,000, £500,000, £1,000,000 (other currencies such as EUR are allowed of course) 8. Question Pools: Questions shall be assigned to at least three pools: a. questions of up to £1,000 award, b. questions of up to £32,000 award, and c. questions of up to £1,000,000 award 9. Interaction: After viewing a question, the contestant can leave the game with the money already won rather than attempting an answer. Interaction shall be implemented with a graphical user interface (alternatively text based input output using the Terminal window is possible but leads to fewer points towards the final grade; alternatively interaction using blueJ method calls (i.e. method calls through context menus in blueJ environment) is also possible but leads to even fewer points towards the final grade). 10. Each question shall be displayed together with 4 different possible answers of which only one has to be correct. 11. There is no time limit to answer a question. 12. Answers: The system…

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Customer profitability, distribution. Spring Distribution has decided to analyze the profitability of five new customers (see pp. 510–517). It buys bottled water at $12 per case and sells to retail customers at a list price of $14.40 per case. Data pertaining to the five customers are as follows:

Its five activities and their cost drivers are as follows:

1.Compute the customer-level operating income of each of the five retail customers now being examined (P, Q, R, S, and T). Comment on the results.

2. What insights are gained by reporting both the list selling price and the actual selling price for each customer?

3. What factors should Spring Distribution consider in deciding whether to drop one or more of the five customers?

Variance analysis, multiple products. The Detroit Penguins play in the American Ice Hockey League. The Penguins play in the Downtown Arena (owned and managed by the City of Detroit), which has a capacity of 15,000 seats (5,000 lower-tier seats and 10,000 upper-tier seats). The Downtown Arena charges the Penguins a per-ticket charge for use of its facility. All tickets are sold by the Reservation Network, which charges the Penguins a reservation fee per ticket. The Penguins’ budgeted contribution margin for each type of ticket in 2012 is computed as follows:

The budgeted and actual average attendance figures per game in the 2012 season are as follows:

There was no difference between the budgeted and actual contribution margin for lower-tier or upper tier seats.

The manager of the Penguins was delighted that actual attendance was 10% above budgeted attendance per game, especially given the depressed state of the local economy in the past six months.

1. Compute the sales-volume variance for each type of ticket and in total for the Detroit Penguins in 2012. Required

2. Compute the sales-quantity and sales-mix variances for each type of ticket and in total in 2012.

3. Present a summary of the variances in requirements 1 and 2. Comment on the results.

Classification of costs, manufacturing sector. The Fremont, California, plant of New United Motor Manufacturing, Inc. (NUMMI), a joint venture of General Motors and Toyota, assembles two types of cars (Corollas and Geo Prisms). Separate assembly lines are used for each type of car.

Classify each cost item (A–H) as follows: Required

a. Direct or indirect (D or I) costs with respect to the total number of cars of each type assembled (Corolla or Geo Prism).

b. Variable or fixed (V or F) costs with respect to how the total costs of the plant change as the total number of cars of each type assembled changes. (If in doubt, select on the basis of whether the total costs will change substantially if there is a large change in the total number of cars of each type assembled.)

You will have two answers (D or I; V or F) for each of the following items:

Required

1. Draw a graph of the total monthly costs of the three plans for different levels of monthly long-distance calling.

2. Which plan should Ashton choose if she expects to make 100 minutes of long-distance calls? 240 minutes? 540 minutes?

Following a strategy of product differentiation, Westwood Corporation makes a high-end kitchen range hood, KE8. Westwood’s data for 2010 and 2011 follow:

In 2011, Westwood produced no defective units and reduced direct material usage per unit of KE8. Conversion costs in each year are tied to manufacturing capacity. Selling and customer service costs are related to the number of customers that the selling and service functions are designed to support. Westwood has 23 customers (wholesalers) in 2010 and 25 customers in 2011.

1. Describe briefly the elements you would include in Westwood’s balanced scorecard.

2. Calculate the growth, price-recovery, and productivity components that explain the change in operating income from 2010 to 2011.

3. Suppose during 2011, the market size for high-end kitchen range hoods grew 3% in terms of number of units and all increases in market share (that is, increases in the number of units sold greater than 3%) are due to Westwood’s product-differentiation strategy. Calculate how much of the change in operating income from 2010 to 2011 is due to the industry-market-size factor, cost leadership, and product differentiation.

4. How successful has Westwood been in implementing its strategy? Explain.

Planning and control decisions, Internet company. WebNews.com offers its subscribers several services, such as an annotated TV guide and local-area information on weather, restaurants, and movie theaters. Its main revenue sources are fees for banner advertisements and fees from subscribers. Recent data are as follows:

The following decisions were made from June through October 2011:

a. June 2011: Raised subscription fee to $25.50 per month from July 2011 onward. The budgeted number of subscribers for this monthly fee is shown in the following table.

b. June 2011: Informed existing subscribers that from July onward, monthly fee would be $25.50.

c. July 2011: Offered e-mail service to subscribers and upgraded other online services.

d. October 2011: Dismissed the vice president of marketing after significant slowdown in subscribers and subscription revenues, based on July through September 2011 data in the following table.

e. October 2011: Reduced subscription fee to $22.50 per month from November 2011 onward.

Results for July–September 2011 are as follows:

1. Classify each of the decisions (a–e) as a planning or a control decision.

2. Give two examples of other planning decisions and two examples of other control decisions.

Customer profitability. Ring Delights is a new company that manufactures custom jewelry. Ring Delights currently has six customers referenced by customer number: 01, 02, 03, 04, 05, and 06. Besides the costs of making the jewelry, the company has the following activities:

1. Customer orders. The salespeople, designers, and jewelry makers spend time with the customer. The cost driver rate is $40 per hour spent with a customer.

2. Customer fittings. Before the jewelry piece is completed the customer may come in to make sure it looks right and fits properly. Cost driver rate is $25 per hour.

3. Rush orders. Some customers want their jewelry quickly. The cost driver rate is $100 per rush order.

4. Number of customer return visits. Customers may return jewelry up to 30 days after the pickup of the jewelry to have something refitted or repaired at no charge. The cost driver rate is $30 per return visit. Information about the six customers follows. Some customers purchased multiple items. The cost of the jewelry is 70% of the selling price.

1. Calculate the customer-level operating income for each customer. Rank the customers in order of most to least profitable and prepare a customer-profitability analysis.

2. Are any customers unprofitable? What is causing this? What should Ring Delights do with respect to these customers?

Cost allocation to divisions. Forber Bakery makes baked goods for grocery stores, and has three divisions: bread, cake, and doughnuts. Each division is run and evaluated separately, but the main headquarters incurs costs that are indirect costs for the divisions. Costs incurred in the main headquarters are as follows:

The Forber upper management currently allocates this cost to the divisions equally. One of the division managers has done some research on activity-based costing and proposes the use of different allocation bases for the different indirect costs—number of employees for HR costs, total revenues for accounting department costs, square feet of space for rent and depreciation costs, and equal allocation among the divisions of “other” costs. Information about the three divisions follows:

1. Allocate the indirect costs of Forber to each division equally. Calculate division operating income after allocation of headquarter costs.

2. Allocate headquarter costs to the individual divisions using the proposed allocation bases. Calculate the division operating income after allocation. Comment on the allocation bases used to allocate headquarter costs.

3. Which division manager do you think suggested this new allocation. Explain briefly. Which allocation do you think is “better?”

Customer profitability, distribution. Figure Four is a distributor of pharmaceutical products. Its ABC system has five activities:

Rick Flair, the controller of Figure Four, wants to use this ABC system to examine individual customer profitability within each distribution market. He focuses first on the Ma and Pa single-store distribution market. Two customers are used to exemplify the insights available with the ABC approach. Data pertaining to these two customers in August 2012 are as follows:

1. Use the ABC information to compute the operating income of each customer in August 2012. Comment on the results and what, if anything, Flair should do.

2. Flair ranks the individual customers in the Ma and Pa single-store distribution market on the basis of monthly operating income. The cumulative operating income of the top 20% of customers is $55,680. Figure Four reports operating losses of $21,247 for the bottom 40% of its customers. Make four recommendations that you think Figure Four should consider in light of this new customer profitability information.

Comprehensive Dividend Problem: Stockholders’ Equity

Macintosh Browning Corporation has the following stockholders’ equity at December 31, 1999:

Required

a. Why did Macintosh issue preferred stock? What does the seven percent cumulative term indicate?

b. Assume that the board of directors has not declared a dividend in the past three years (the preferred stock was outstanding during these years). What is the amount of dividends outstanding for the previous three years on these cumulative shares?

c. Why might Macintosh prefer preferred stock rather than additional debt?

d. If the board declared and paid dividends to the preferred and common shareholders during the year, show the effects (use + and – and ignore $ amounts) on stockholders’ equity on the date of declaration, date of record, and date of payment.