User surveys are conducted to assess the usability of a product.
In this assignment, you will take up the role of a consultant for a digital camera manufacturer. Your organization has decided to launch a new digital camera by the year’s end. The organization wants you to create questions for conducting a user survey and collect the user requirements or needs among all age groups. Your questions should be such that they capture the user needs and perceptions.
Research the Internet to find information on sample surveys. You can also refer tohttp://www.questionpro.com/for more information on surveys. Create a three- to five-page survey form in Microsoft Word that includes the following
Title of the survey
Introduction of the survey being conducted
Minimum 10 questions to help you obtain data on user needs
Scale for the users to rate the questions
Conclusions
Part 2:The Development Phase (non-graded)
After creating the blueprint of the new Web interface, this week you will start the actual development on the Web interface. You can use any technology or authoring tool you are proficient in to develop the Web interface.
This week, you will submit a draft of the two deliverables. You will first submit the draft of the new Web interface and then you will create a paper in a Word document of approximately two to three pages that includes:
Kentuckyville Slugger (KS) is a manufacturer of baseball and softball accessories. The company was established by Sammy Sousa in 1913, and produced only wooden baseball bats. KS has evolved over the past hundred years to offer a wide variety of products, including aluminum bats, batting gloves, cleats, and fielding gloves. KS’s products are sold in Canada, the United States, and Mexico. Since inception, the company has continued to be a family-run, closely held business with its manufacturing plant located in Red Deer, Alberta.
Recently, the company has been finding it difficult to compete in the global marketplace due to the fluctuating Canadian dollar, the lower wage costs in Asia, and a general decrease in consumer discretionary spending following the global credit crisis. The recent competitive pressures have made it difficult for KS to reinvest in its capital assets in order to become more efficient.
The current CEO, Michael Sousa, does not want to relocate as the company is a long-standing member of the Red Deer community, providing many citizens with well-paying jobs. However, the competitive landscape is making it difficult to continue the status quo.
Michael has recently come across a new government grant program that is part of an initiative to improve the productivity of Canadian companies and promote employment. The program provides eligible manufacturing companies with the opportunity to receive a forgivable loan to upgrade their capital assets in the interest of efficiency. The following criteria are used to assess eligibility:
• The grant must be used to invest in capital assets that will improve productivity, as measured by output per employee hour.
• The grant must promote employment in the manufacturing sector in Canada.
• The company must display a financial need for the application.
If obtained, the grant would allow KS to continue to operate in Red Deer with the same workforce and increase its output by at least 20%. Audited financial statements must be included with the grant application.
Brandon Sousa, CPA, is the controller of KS. Recently, Brandon has begun preparing the December 31, 2020 year-end financial statements to provide to the external auditors. Brandon recently met with Michael in order to discuss certain transactions that have yet to be recorded in the books of account. Michael would like Brandon to prepare a report that discusses the appropriate accounting treatment of these transactions. The notes from the meeting can be found in Exhibit I.
Exhibit I
Notes from Meeting with Michael
• KS entered into a sales agreement with the Canadian Hardball Association (CHA) to provide 5,000 hardball bats (at a price of $50 per bat) for an upcoming international baseball tournament that will be held in Canada. The bats were shipped to the CHA during the month of November 2020. Per the agreement, the CHA has until February 2021 to inspect the bats in order to determine if they meet international safety and performance standards.
• KS has manufactured bats for similar tournaments in the past and has never had an issue meeting the safety and performance standards. Michael suggests not recording any revenue in the current year because the CHA has the right to accept or reject the quality of the bat.
• KS delivered 2,500 soft-spike cleats to The Shoe Store for $100,000 in December. The cleats were sold during the holiday season. The cleats can be returned to KS within one year of the purchase date in the case of a manufacturer defect. Past history suggests that 5% of the cleats are returned within the one-year return period. Michael suggests that the revenue should be recorded once the right of return period lapses.
• During the year, KS entered into a sales agreement with SportStore (SS) whereby KS designed and manufactured an aluminum bat that is to be sold exclusively through SS’s retail stores across Canada. The exclusive agreement is for a two-year period, at which point the bat can be sold through other retailers. During the agreement period, SS must purchase a minimum of 100,000 bats from KS at a price of $55 per bat. During the year, SS purchased 45,000 bats.
• KS incurred $155,000 in design and development costs during the year in developing the bat. KS incurs $25 in costs to manufacture the bat. Michael suggests that the $155,000 design costs be expensed in the current year.
• KS sold on credit 2,500 KSX baseball gloves for $50,000 to Q-Mart in November 2020. Q-Mart is a large public company, with retail stores across Canada and the United States. Around year end, analysts have begun reporting that Q-Mart is having serious financial difficulties and may file for bankruptcy if its lenders do not restructure its debt. Q-Mart’s share price has plummeted in recent weeks. Michael suggests writing off the $50,000 account receivable.
• During the year, KS acquired a new storage warehouse in Red Deer. The warehouse was purchased for $250,000. KS then incurred $10,000 in costs to install an HVAC system and $7,500 to replace the roof shingles. Michael suggests expensing the additional costs ($17,500) as repairs and maintenance.
Required
Assume the role of Brandon and prepare the report. The financial statements are prepared in accordance with ASPE
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A footwear manufacturer company wanted to know if they made the right choice in terms of product mix and media placement. Their retailers are a mix of department stores as well as boutique shops. They place advertisements on multiple platforms; TV, print, digital, PR and email. Your company were hired for the project and your boss have decided on the following approach:
Data Analytic team: Data analytics combining store level sales data with marketing spend data
Store team: Visit key retailers/stores and examining store displays as well as in-store promotional materials
Communication team: Examining the client’s and its competitors media and communication materials
The findings and recommendations from all the teams will be combined in a single report and presented to the clients. They were given TWO months to complete the project.
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Naalti who is 40 years of age carries on an computer manufacturer and repair business in Melbourne. Naalti brings her income to account on a cash basis.
Naalti has come to you for advice regarding the following issues and wants you to prepare her tax return for the year ended 30 June 2016.
The following additional information set out in Annexure A relate to Naalti’s financial position for the year ended 30 June 2016.
Annexure A
ISSUE 1 (2 marks)
The following happened during the 2015-16 financial year
o Cash received from clients in 2015-16 amounted to $420,000
o Trading stock on hand at 1 July 2015 was $80,000 valued at ‘cost’
o Trading stock on hand at 30 June 2016 was $100,000 valued at ‘cost’
o On 31 May 2016 Naalti received $5,000 advance fees for services not yet rendered to a particular client at the end of the 2015-16 financial year
Calculate Naalti’s assessable income, and give your reasons if you consider any amounts should be excluded from assessable income.
ISSUE 2 ( 2 mark)
The following happened during the 2015-16 financial year:
o On 1 April 2016 Naalti received a $28,000 dividend franked to 50% from ANZ Bank Ltd.
o On 1 April 2016 Naalti received a $14,000 fully franked dividend from Tabcorp
Calculate the total amount of assessable income Naalti derived from her investment activities during the 2014-15 financial year.
ISSUE 3 (2 marks)
On 1 July 2015 Naalti purchased a factory in outer Melbourne. On 3 July 2015 she paid $30,000 to repair a large crack in the wall that’s been there for the past 6 years.
Advise Naalti what deductions (if any) she can claim in respect of the $30,000 repairs.
ISSUE 4 ( 1 mark)
On 15 March 2016 Naalti was advised that an overseas rival company which had developed a more efficient computer monitor was planning to seek a license to set up business in Melbourne and sell their computer monitors in Australia. As this could potentially reduce Naalti’s profits, she incurred $60,000 in legal fees in opposing the granting of the license to the rival company.
Advise Naalti what deductions (if any) she can claim in respect of the $60,000 legal fees.
ISSUE 5( 4 marks)
During the financial year Naalti incurred the following specific expenses. She is not sure whether they are a tax deductible expense and the amount she can claim.
o On 10 May 2016 Naalti made a $8,000 provision for long service leave in respect of her employees.
o $3,000 parking fines incurred by her staff while delivering computer equipment to customers during business hours.
o $15,000 payment to obtain the resignation of a managing director having proved to be unsatisfactory.
o $6,000 feasibility study on the viability to open a new factory site in Adelaide. The venture did not go ahead.
Advise Naalti whether each of the specific expenses listed above are or are not a tax deductible expense, and the amount she can claim.
ISSUE 6 ( 1 mark)
On 20 December 2015 Naalti received a $1,700 dividend payment from a company in England. 15% withholding tax (amounting to $300) was deducted from this amount. She is not sure whether the dividend is assessable or exempt in Australia and amount that’s assessable.
Advise Naalti of the tax consequences of the $1,700 dividend payment she received from England and the 15% withholding tax (amounting to $300) that was deducted from this amount.
ISSUE 7 ( 1 mark)
On 1 October 2015 Naalti took out a loan over eight years to finance the purchase of a sports car for her personal use and enjoyment. She borrowed $100,000 from the ANZ Bank and was charged interest at the rate of 10% per annum. The cost of establishing the loan was $6,000.
Advise Naalti of the tax consequences of the above transactions.
ISSUE 8 ( 2 marks)
Under a remuneration package that Naalti entered into with one of her employees she agreed to pay her employee:
o $8,000 school fees for her employee’s 16-year old daughter who attends a private school
o A $15,000 cash bonus for finishing a project on time.
Advise Naalti of the tax consequences of the above transactions.
ISSUE 9 ( 1 mark)
On 15 August 2015 Naalti travelled to Perth to attend an architecture Conference, as she wanted to explore the possibility of opening up a new income earning activity in the field of Architecture. When she returned she enrolled for the Master of Architecture degree at Computer manufacturer and repair business MIT. Naalti incurred $500 airfare and $600 accommodation.
Advise Naalti of the tax consequences of the above transactions.
ISSUE 10 ( 4 marks)
Briefly discuss the capital gains tax consequences of each of the following transactions.
A. On 21 April 2016 Naalti sold an investment property for $400,000. She purchased the property on 17 August 2010 and paid $100,000 for it. Calculate the amount of capital gain (if any) her made that’s liable to tax.
B. On 18 May 2016 Naalti sold her gold ring. The sale price was $6,000. She purchased the gold ring on 2 July 2009 for $11,000. Calculate the amount of capital gain or capital loss and discuss the tax consequences of your decision.
C. On 19 July 2015 Naalti sold 1,000 BHP shares for $45,000 that she purchased on21 March 1985 for $10,000. Calculate the amount of capital gain (if any) she made that’s liable to tax.
D. On 18 April 2016 Naalti sold a very rare and much sought after car to a keen collector for $250,000. She acquired the car on 15 February 2011 for $175,000 and spent $20,000 improving the engine. The purchase and sale costs amounted to $10,000. Calculate the amount of capital gain (if any) she made that’s liable to tax.
E. On 11 May 2016 Naalti sold her party dress that she likes wearing to a close friend. She purchased the dress on 21 March 2012 and paid $2,000 for it. The sale price was $9,800. Calculate the amount of capital gain (if Computer manufacturer and repair business any) she made that’s liable to tax.
F During the year ended 30 June 2016 Naalti made a $10,000 capital gain on sale of a parcel of NAB shares that she had owned for 8 years, and a $30,000 capital gain on sale of a parcel of BHP shares that she had owned for 5 months. Calculate the amount of the capital gain (if any) that’s liable to tax.
G On 15 October 2011 Naalti purchased her main residence consisting of 12 rooms of equal size. Three rooms were used to run her computer business. Naalti sold the property on 18 May 2016 and made a $100,000 capital gain on disposal. Calculate the amount of capital gain (if any) that’s liable to tax.
H. On 13 February 2016 Naalti sold a parcel of shares for $20,000. She purchased the shares on 7 June 2011 and paid $80,000 for them. Calculate the amount of capital gain or capital loss and discuss the tax consequences of your decision.
Required
This assignment may be completed in groups of two to four.
(1) With respect to each numbered issue, advise where appropriate what expenditure Naalti can legally claim or income or capital gain she must include as part of her assessable income. All your answers must be supported with relevant sections of the ITAA (and where appropriate) relevant case law and income tax rulings. Your answers should be based on legislation and tax rates applicable to the 2015-16 financial year.
(2) Your group assignment must not exceed a length of 2000 words and must be typed.
(3) The group assignment must be Computer manufacturer and repair business submitted
Late group assignments will be penalised at the rate of 10% per day, that is, an assignment is marked out of 90% for 1 day late, 80% for 2 days late, etc. and after 5 working days, assignments will attract zero marks
You must
· Provide a progress report of your group assignment in class in week 9
· Submit a substantially completed draft copy of your group assignment for inspection in class in week 10.
(4) Your answer to each identified issue must be clear and concise and in point form. Also all necessary calculations must be provided.
(5) Students can complete their group assignment in groups of two to four.
(6) Groups will do a question and answer session of their Research Assignment to demonstrate their understanding of key issues in the Week 11 class which will be a further assessment task of 10 marks, In total the Research Assignment will constitute 30 marks being 20 marks for Computer manufacturer and repair business the written report and 10 marks for the oral presentation.
Administration Issues
Assignment Submission
The group assignment must be submitted by students on line via their Moodle site for this unit on or before 28 May 2017. The group assignment must have a completed declaration/cover sheet .
Return of Assignments
All group assignments will be marked and returned to students within 7 days of the due date for the submission of assessment by the student.
According to subdivision 900-B of the Income Tax Assessment Act (ITAA 1997), a business owner or employer may make a claim for domestic travel allowance expenses that was incurred while undertaking business operations such as incidentals, drinks, food and accommodation. These business expenses are normally covered by the allowance. The business expenses should be in accordance with Taxation Ruling TR 2004/6 income tax: substantiation exception for reasonable travel and overtime meal allowance expenses(Burman, 2009). It is important to note that setting the reasonable amount is the prerogative of the payer and the payee. For the business expenses to be claimed it must have been incurred while undertaking business or work-related purposes and be deductible under the income tax law. Also, the amount of the expense claimed must not exceed the amount that was actually spent. Looking at issue 9, Naalti’s business expense incurred was due to business-related purposes and are deductible under the income tax law.
The advice to Naalti is to keep a record for………………………………………………………………………………………………………………………………………………………………………………………………………………………………….
………………………………………………………………………………………………………………………………………………………………………… Computer manufacturer and repair business ……………………………………………………….
References
Burman, E. L. (2009). Taxing Capital Gains in Australia: Assessment and Recommendations. Sydney. AU: Thomson Reuters.
Monk, E. (2016, March 16). Capital Gain Tax: A Guide to Calculate How Much will you Pay. Retrieved from The Telegraph: http://www.telegraph.co.uk/tax/capital-gains/capital-gains-tax-how-much-will-you-pay/
Imagine that you are the marketing manager for a U.S. manufacturer of disposable diapers. Your firm is considering entering the Brazilian market. Your CEO believes the advertising message that has been effective in the United States will suffice in Brazil. Outline some potential objections to this. How would you have to tweak your advertising message to cater to the local culture? Your CEO also believes that the pricing decisions in Brazil can be delegated to the local managers. Why might she be wrong? The CEO continues to believe that within 20 years, we will see the emergence of enormous global markets for standardized customer products. Do you agree with this statement? Justify your answer.
In your original post and your response to at least two of your peers, demonstrate critical thinking, contribute something new to the discussion and demonstrate the integration of class concepts from your reading along with examples to support your statements and sources referenced. If you use content from external sources a citation and reference must be included in APA format, and the content must be in quotes if taken verbatim.