Premium Essay

Adms 2510

In: Business and Management

Submitted By mjosette
Words 3312
Pages 14
Mid-Term Exam 2 for AP/ADMS 2510 Fall 2015
Sunday November 15th 10:00 am -1:00 pm
School of Administrative Studies,

STUDENT NUMBER _______________________ SIGN IN # _________


First NAME _________________________________ LAST NAME______________________

• Please turn off your cell phones and place cell phone, books, notes, backpacks, coats, etc. to the side, rear or the front of the classroom before the mid-term examination commences.
• Please make sure that there is at least one empty seat between you and any other student sitting beside you in the same row and have out for display your 2 pieces of independent photo-identification during the mid-term examination to facilitate verification.
• Fill in your name and student number in the section above. Answer all the FOUR questions.
You may write with a pencil or pen. However, if you do use pencil, you will not be able to submit your mid-term for re-appraisal.
• This is a closed-book mid-term examination; no collaboration is allowed and no formula sheets are allowed or will be provided. No additional time for late arrivals.
• Three hours (180 minutes) are allowed to complete the mid-term examination (total of 100 marks). • You are allowed to use a simple (non-programmable) calculator. Sharing calculators is not permitted. Cell phones cannot be used as calculators.
• Do not ask questions from the Professors or the Invigilators. If it is necessary, state your assumptions on the mid-term examination pages.
• If you leave early, please do so quietly to respect your fellow students. Do not leave the room in the last 15 minutes of the mid-term examination.
• Please put your belongings underneath your own seats - to prevent theft.



Question One: ABC Costing (22 Marks)
Fine Paint Company manufactures two house paints:…...

Similar Documents

Premium Essay

Adm Stock Valuation

...Subject: Date: Corporate valuation: Archer-Daniels-Midland Company ADM (Archer-Daniels-Midland) company is one of the world’s largest food processing firms operating over 270 plants worldwide and operating in over 75 countries. Headquartered in Decatur, Illinois, the company is listed on the New York stock exchange main board and is a part of the S&P 500 index. The company is one of the most admired in the US and internationally being named the world’s most admired food production company by the fortune magazine for three years in a row from 2009 to 2011. ADM has a staff of about 30,000 people in its workforce to help it run its operations and hundreds of thousands more who depend on it indirectly as suppliers and business partners. ADM seeks to partner with farmers by creating thousands of products and markets for their crops. ADM was founded in 1902 when George Archer and John Daniels set up a factory to crush linseed. The company changed its name to its current Archer-Daniels-Midland company when in 1923 it acquired the Midland Linseed Products Company to further grow its linseed business. Since then, ADM has expanded both in geographical size and business segments as it entered more business lines such as milling, food processing, manufacture of specialty foods ingredients for industrial use and nutritional products to the processing of cocoa. The company also has significant interests in renewable energy. ADM is also involved in the storage and transportation of......

Words: 3327 - Pages: 14

Premium Essay

Ooverview of Hbps Case 2510

...Group 10 Case Analysis I (2510): The Springfield Nor’easters: Maximizing Revenues in the Minor Leagues 1. Evaluate the research survey undertaken by the League Sports Association and by Larry Buckingham, Nor’easters’ marketing director. Consider each step in the process that led to the findings of the survey. • The survey comes from a total of 10,000 postcards given to 5 different demographics and the percent of each demographic that did respond. • Isolated each group/market segment and recorded their habits in terms of baseball watching, fan, attendance if local team existed based on each ticket type. • Recorded percentages of people that would be willing to pay for each ticket type, and how many people would spend what % of ticket price on ancillary goods. 2. What do you consider to be the key findings of the research survey? Comment on what Buckingham learned about a prospective customer profile, pricing, and single-ticket versus season-ticket packages. • Single-ticket: as long as prices were reasonable, they assume attendance is 100% • Pricing: Too low and people will be more likely to not show up because they aren’t concerned with losing a few dollars-lose concessions if people don’t show up. Too high and people won’t buy tickets, again, no concessions. • Customer Profile: 5,000 residents of Springfield above the poverty line and 5,000 people who attended or played in minor/little league games. The residents of......

Words: 877 - Pages: 4

Premium Essay

Adms 4900 Midterm

...AK/ADMS 4900.03 MANAGEMENT POLICY – PART 1 MID-TERM EXAM June 25th, 2009 STUDENT’S NAME:__________________________________ STUDENT NUMBER:__________________________________ THIS EXAM CONSISTS OF TWO PARTS: PART 1: 18 multiple choice questions (1 mark each) /18 PART 2: 15 short answer questions of which you must answer any 12 (4 marks each) /48 GRADE /66 CONVERT /100 INSTRUCTIONS □ This booklet contains Parts 1 and 2 of the exam and totals 15 numbered pages inclusive of this cover page. Enter your answers directly in this booklet. □ This exam is closed book. □ You have 2 1/2 hours to complete Parts 1 and 2. □ Your answers must be written in ink (pens only, no pencils) □ Read and follow the instructions for each part carefully. □ Good luck! PART 1 MULTIPLE CHOICE This part consists of 18 multiple choice questions worth one mark each. Read each question carefully and circle the letter corresponding to the most appropriate answer. You will receive one mark for each correct answer. No marks are deducted for wrong answers. For time management purposes, you should complete this part in approximately 25 minutes. 1. The two approaches to characterizing mission statements are: a) Philosophy/ethics and strategy b) Behavior and rationale c) Objectives and target markets d) Beliefs......

Words: 1489 - Pages: 6

Premium Essay


...School of Administrative Studies Faculty of Liberal Arts and Professional Studies York University Fall 2013 Course Outline AP/ADMS 4552 3.0 Section A and B Information Systems Audit Term: Fall 2013 COURSE: AP/ADMS 4552 3.0 Sections A and B Information Systems Audit Schedule First day of class: Section A: Wednesday, September 11, 2013 11:30 AM – 2:30 PM, Location: HNE 030 Section B: Thursday, September 12, 2013 7:00 PM – 10:00 PM, Location: HNE 032 REQUIRED COURSE TEXT/READINGS: • Hall, James A., (2011), Information Technology Auditing, 3e, Mason: South-Western Cengage Learning (Referred to as “IT Audit Text” in the Readings List for each class) • Additional material as listed in the course outline. This includes articles referenced by links, readings from books that were required for prerequisite courses, cases and assignment details posted on our web site. • CICA Assurance Handbook, as available online from York University library, (referred to as “Handbook” in the Readings List for each class). Selected readings are from: [Note this book is available on reserve at the business library in the Schulich building if you do not have a copy.] • Arens, A., R. J. Elder, M. S. Beasley and I. B. Splettstoesser-Hogeterp. 2011. Auditing: The Art and Science of Assurance Engagements, Canadian 11th Edition, Pearson Prentice Hall: Toronto. (Referred to as “Audit Text” in the Readings List) References for the 12th Canadian...

Words: 3433 - Pages: 14

Free Essay

Adms 4495

...ADMS 4495 Midterm Notes Chapter 1: A work team is an interdependent collection of individuals who share responsibility for specific outcomes for their organizations. A team is a group of people with respect to information, resources and skills who seek to combine efforts to achieve a common goal. It has 5 characteristics: 1. Shared Goal 2. Interdependence- members cannot achieve goals by themselves. To meet goals you must rely on other members. 3. Bounded- identifiable membership (know who’s on the team). 4. Stability- teams work together for a meaningful length of time. (Tenure). 5. Authority to manage own work and internal processes. Teams operate in larger social system context. (Larger organization) A working group by contrast, consists of people who learn from one another and share ideas but are not interdependent in an important fashion and are not working towards a shared goal. Help others but maintain the goal of achieving independent goals. 4 Challenges proving importance of teams: 1. Customer Service- Transactional models of teamwork are characterized by discrete exchanges, are short term in nature and contain little interactions between customer and the vendor. In contrast relational models of teamwork occur over time , are more intense, and are built upon a relationship between the people involved. 2. Competition- Industry leaders often enjoy vast economies of scale and earn tremendous profits. Teams withing......

Words: 10905 - Pages: 44

Premium Essay

Adms 3660 Final Assignment

...this way you are not competing on merit but influence the corporate world with other means. c) Kantianism (i) Reversibility if Mr. Hampton allows the GENESCO sponsoring event then its own company will hurt directly because they don’t have any formal policy and budget to keep up these kinds of expenses. d) Moral Rights (i) Negative Right (Privacy) right now GENESCO try to interfere the privacy policy of LMCMC knowing that they keep very little promotional budget asking them to sponsor one of their sales event is not justified as a good business practice and put LMCMC and Mr. Hampton on a awkward position that what decision they made for the question asked by GENESCO. Business Ethics and Corporate Social Responsibility AP/ADMS 3660 Section “A” Course Director: Avraham Kleiman Word Count 1705 Final Case Analysis...

Words: 1733 - Pages: 7

Free Essay

Adms 4900 Mid Info

...AP/ADMS 4900 Fall 2012 Midterm Information Exam date and location information The mid-term exam for all sections of ADMS4900 is being held on Saturday, October 20th between 1-3 pm. Sections A, D, E, F, G and H will be writing in CLH ‘I’. Students writing the ADMS 3595 exam the same day will write their ADMS 4900 exam in ACW 005 from 11:30 am-1:30 pm that same day (note, you will be required to stay in the exam room until 1:30 pm). Students with legitimate and appropriately documented reasons for missing the scheduled mid-term exam shall be entitled to write a make-up/alternate exam on Wednesday, October 24th between 1:00 pm – 3:00pm. No further extensions shall be granted. For students claiming illness, an Attending Physician’s Statement is required (i.e. a ‘doctor’s note’ is insufficient). You should email your instructor to notify them of your illness by Saturday, October 20th. The statement must be submitted to RM282 by 5pm, Tuesday, October 23. For students with work conflicts, a note from your employer on company letterhead will suffice. The note must be submitted to their instructors no later than October 10th. Students requiring religious accommodations or with confirmed class conflicts must inform their instructor no later than October 10th. Format and coverage information The following information will help you prepare for the exam and will provide other exam particulars. You should also plan on being at the room 15 minutes before the start of the...

Words: 835 - Pages: 4

Premium Essay

Adms 2510 Midterm1 Soultions

...SOLUTIONS: 2510 C ADMS 2510.3.0 Section C: Thursday 4-7: ACW 006: Mid-Term Exam #1 One hour allowed: there are three equally weighted questions: answer them all. Question 1: You are given the following list of cost and sales data for the Tiny Co for the year to 31st December 2013. Sales revenue: | $900,000 | Purchase of raw materials | $200,000 | Raw materials inventory at 1st January 2013 | $ 50,000 | Raw materials inventory at 31st December 2013 | $ 25,000 | Work-in-process inventory at 1st January 2013 | $ 10,000 | Work-in-process inventory at 31st December 2013 | $ 20,000 | Finished goods inventory at 1st January 2013 | $ 75,000 | Finished goods inventory at 31st December 2013 | $100,000 | Marketing and distribution expense | $100,000 | Administrative and office expense | $ 40,000 | Direct labour | $175,000 | Factory depreciation | $ 20,000 | Factory maintenance | $ 10,000 | Factory indirect labour | $ 15,000 | Factory insurance | $ 55,000 | Required: 1.1: show the “T” account for work-in-process (5 marks). Work-In-Process | Debit | | Credit | Work-in-process inventory at 1st January 2013 | $ 10,000 | | | Raw materials used: ($50,000 + $200,000 - $25,000) | $225,000 | Transferred to finished goods (plug) | $490,000 | Direct labour | $175,000 | | | Overhead incurred: ($20,000 + $10,000 + $15,000 + $55,000) | $100,000 | Work-in-process inventory at 31st December 2013 | $ 20,000 | Total | $510,000 | | ...

Words: 805 - Pages: 4

Premium Essay

Ada vs Adm

...Average Daily Membership, ADM. The purpose of this paper is to determine which student count would the writer of this paper use to distribute state funds generated by state tax dollars to all of the schools within the state. Understanding the difference between Average Daily Attendance and Average Daily Membership can assist one with determining how to distribute state funding for education. Quarterly, an average number of students who attend a particular school each day determines the school’s Average Daily Attendance. Any changes and adjustments to state funding for a school is fixed to reflect the changes in attendance, hence the reason why ADA is taken on a quarterly basis. If one is going to use ADA to distribute funds to school, that person has to keep in mind that the adjustment of funds can happen at any time of the school year that could impact the instruction of students in a positive or in a negative manner. Some states use Average Daily Membership to determine student counts for state funding. ADM considers the number of children that is enrolled within each school district. Periodically, the number of students in every school in the district is counted during the school year and adjustments to the district’s membership numbers are made to reflect students who enter and leave the schools across the districts. The author of this paper would use Average Daily Membership to distribute state funds to every school within a state. Using ADM over ADA allows the......

Words: 1146 - Pages: 5

Premium Essay

Ada vs. Adm

...EDA 535 ADA vs. ADM May 28, 2014 Distributing funds into a school can be quite a challenge, especially in a situation where there is only one funding source. Because the schools in the state are not allowed to levy local taxes, a plan will have to be created to ensure that appropriate actions are in place to make sure that there is an equalized distribution of funding. “Average Daily Attendance (ADA) counts are based on the numbers of children actually in attendance in a school or district each day. Average Daily Membership (ADM) measures the numbers of children enrolled to attend a specific district throughout the year” (retrieved from For example, at a particular school in a district there is a population of 1,000 students with 90% attendance and the weighted pupil units per district is $5,000. When using ADM, the weighted pupil units will remain at $5,000. However, if ADA is being used, the actual WPU would be $4,500. This would be a $500 decrease. With the aforementioned definitions of ADA and ADM, I would choose to use Average Daily Membership when distributing funds. Because ADA uses attendance rates, schools with lower attendance rates would suffer. Research shows that “districts with high poverty concentration and high minority concentrations have lower attendance rates for reasons beyond control” (retrieved from Unfortunately, Louisiana has several districts with both high poverty and high...

Words: 1070 - Pages: 5

Premium Essay

Adm 3349

...Mid-Term Examination #2 ADM 3349 B AUDITING THEORY November 18, 2009 Professor: B. Church | | |INSTRUCTIONS | | | |1. Books and notes are not permitted. | |2. Calculators are permitted. | |3. Complete all questions. | |4. Write in pen. | |5. Answer all questions directly on the examination paper. | |6. Follow the suggested time frames for each question. | |Question |Marks |Suggested Time |Grade | |1 |30 |30 minutes | | |2 |50 |60 minutes ...

Words: 2411 - Pages: 10

Premium Essay

Adms 3510

...ADMS 3510 Group Assignment: Markworth Products (MP) Fall 2014, Section A Group members Alamgir Khandwala, 212357109 Mohammed Islam 212540191 Sobia Ali, 210515062 Summaiya Haque, 211992948 Date of submission: 9th November 2014 To: Mr. John Adam, President From: Controller Subject: Cost System and Capital Budgeting Improvement Please find attached report for Markworth Products for recommendation regarding appropriate costing system as it grows as an organization and capital budget evaluation. Kind Regards, Controller Introduction and Relevant Facts Markworth Products (MP) is a new Canadian public company in the plastic packaging products industry. It develops technologically advanced machinery and moulds that give MP a competitive advantage over its competitors. John Adam has requested us to develop efficient costing system and improve capital budgeting process. Problems Major Problems: - MP does not have an efficient costing system in place to allocate the direct manufacturing costs and indirect manufacturing overhead costs for accurate prediction of product costs. - The current approach for capital budgeting to evaluate new equipment does not meet the current industrial standards of accepted NPV practices Minor Problems: - Holding inventory for clients free of charge - Potential market loss due to emphasis on reducing costs and value leadership - Above average profits due to competitive advantage last temporarily as......

Words: 3104 - Pages: 13

Premium Essay

Bus Adm 600

...Brian  Laitsch   Bus  Adm  600-­‐006   CASE  FIVE   Case  5:  Ford  and  the  World  Automobile  Industry  in  2012   This   case   explores   the   development   and   evolution   of   the   automobile   industry.   Although   this   case   covers   the   industry   and   all   of   its   major   players   on   a   global   level,   a   large   portion   of   it   is   about   the   U.S.   automakers   –   especially   Ford.   The   automobile   industry   is   one   of   the   largest   industries  in  the  world,  and  like  every  other  industry,  it  is  not  always  a  profitable  one.  Because   of   saturated   markets,   new   competitors,   environmental   concerns,   new   technologies,   and   the   growing  use  of  electronic  cars,  has  had  a  strong  impact  on  the  industry.     Similar  to   other   industries,  the   rapid   growth   of   technology   has   caused   automakers   to  constantly   adjust   their   manufacturing   process   and   product   designs.   This   technology   boost   allowed   car   manufactures   to   now   produce   cars   in   a   fraction   of   the   time   it   took   previously.   This   lean   production   allowed  ......

Words: 380 - Pages: 2

Premium Essay

Adms 3660

...ADMS 3660R 2016 Final Take-home Exam Due 9 April 2016 Please read the following hypothetical scenario and the follow the instructions below. Scenario TideeKleen Waste Management Inc. (TK) has been regarded as a leader in corporate citizenship within the Canadian commercial waste recycling and disposal sector, with a strong reputation for social and environmental responsibility. The company’s workers are unionized, well-paid, and enjoy a generous health benefits package and defined-benefit pension plan. Unfortunately, TK has been in a financial and reputational slump of late. Although there are no foreseeable threats to its solvency, TK’s profit margins are thinner than in the past and its stock price has been sagging. TK operates several facilities for sorting and processing solid waste (some of which, such as fluorescent tubes and electronic devices, containing potential hazardous components). Its newer facilities are state-of-the-art: high-tech, largely automated, and very safe for both workers and the environment. These new facilities employ a small, mostly young and highly skilled work force. They are very profitable. The older facilities are approaching the end of their functional lifespans, and the company will need to replace their capacity in order to continue to fulfill their contracts with waste generators. Many of the workers at the older facilities are themselves older and are approaching retirement. One of the older facilities, though complying......

Words: 2231 - Pages: 9

Free Essay

Ada Versus Adm

...Running Head: ADA VERSUS ADM ADA versus ADM Christina Dickinson Grand Canyon University: EDA 535 November 8, 2011 ADA Versus ADM Many factors must go into account when distributing funds in schools. Some of the funds must be distributed between administration, teachers and support staff salaries, bus drivers, coaches, and school police to name a few. Once all the funds are distributed throughout the district, then the focus becomes on student allocation. When allocating money for students, the school district needs to take into consideration meal plans for the lower economical students, after school activities, and extra-curricular programs. The question becomes whether or not we allocate funds bases on our students daily attendance or their average daily membership? In order to determine how student funds should be allocated we must understand what average daily attendance (ADA) and average daily membership (ADM) and the differences between the two. It is important to also understand how each of them could be applies to our school districts budget. According to EdSource, average daily attendance is defined as the total number of days of attendance for all students divided by the total number of school days in a given period (2011). There are many aspects to think about when deciding whether ADA will work for our school district. As a school district, we must look into how many students we have to provide funding for throughout the entire district. We......

Words: 1076 - Pages: 5