You are the director of international operations for North and South America for Lenovo. In 2015 you developed a five-year marketing plan to aggressively market personal computers in Canada, Mexico and Brazil. A key element of your plan called for meeting the competitive prices of HP and local manufacturers every step of the way. In addition you planned to spend heavily on marketing. Your yearly budget for marketing in the major target markets was set as follows:

                                                Canada             C$                2,000,000

                                                Mexico             Pesos            5,000,000

                                                Brazil                Reals            1,000,000

      Your 2015 price set in U.S.$ for your top selling laptop was $2,000 in each market. Market prices have declined 20% on a U.S$ basis over the years.

   1.      What do your marketing budgets look like in 2015 and today in US$?   

   2.      What do the computer prices look like in local currencies in 2015 and today?

   3.   What actions would you plan to take in each market to fulfill your goals while

addressing current conditions? (Hint: look at the marketing expenditures and the prices together).

You are the director of U.S. operations for Nissan. In 2015, you developed plans for a new sports truck model, the Nissan Minimax to be sold at $30,000. This model can be made in both the U.S. and Japan. Gross margin (meaning margin after all direct costs) is approximately 50%.

1.         What is the cost of the Minimax to Nissan if it is made in

            Japan vs. made in the U.S. in 2015 and 2020, assuming

            no inflation?

2.         What actions would you recommend to the home office in

            Tokyo to address the current situation?

SPOT RATES FOR CURRENCY EXERCISE

Country                       Spot Rates (3-11-15)                           Spot Rates (3-11-20)

Canada C$                              0.7683                                                 0.7282

Mexico pesos                         0.0646                                                 0.0474

Brazil   reals                             0.3315                                                 0.2133

Japan   yen                              0.0083                                                 0.0095

In 1900 Chile’s income per capita was $1,950, which made it the second richest country in Latin America, after Argentina. Saul Bolaño, a reputed historian, explains Chile’s relative success on the fact that its elite class was “disciplined, progressive, and industrious” (Yeager, 1991). Imagine a journalist covering Latin America asks you for your opinion, as an expert on Latin American development, about Bolaño’s theory. What would you tell the journalist? ​

Analyze and Explain: The international marketing manager at the University of Colorado is convinced there is a market in Latin America for a cuddly CU Ralphie mascot plush toy. She has learned about your experience in the Doing Business in Latin America course and needs your advice. Based on the chapters in Robles and Lascu, please list and briefly discuss five (5) key aspects of Latin American consumers that CU should consider in the Raphie marketing plan.

Find a recent article discussing the property tax levy process of a municipality in Illinois. Discuss the process they undertook towards adopting the levy, any controversy surrounding their process, and the eventual outcome. Include historical trend data. PLEASE PROVIDE APA CITATION FOR ARTICLE CHOSEN

Posts should be more than a “book report”, and display proof of critical thinking.

Governing Magazine http://www.governing.com

American City and County Magazine http://www.americancityandcounty.com

Government Finance Officers Association http://www.gfoa.org International

City / County Management Association http://www.icma.org

The Fiscal Times http://www.thefiscaltimes.com

Illinois Municipal League http://www.iml.org

The following selected transactions were completed by Capers Company during October of the current year:

Journalize the entries to record the transactions of Capers Company for October. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.

PAGE 10

JOURNAL

ACCOUNTING EQUATION

Please write 350 words about the current spending habits and preferences of American young-adult consumers. Plus cite your sources.

[The following information applies to the questions displayed below.]
  
Hemming Co. reported the following current-year purchases and sales for its only product.
    

Required:
Hemming uses a perpetual inventory system.
  
1. Determine the costs assigned to ending inventory and to cost of goods sold using FIFO.

3. Compute the gross margin for FIFO method and LIFO method.

Mf  Limited, a bespoke furniture manufacturing entity based in South Africa, is looking to diversify its market by entering the European and American markets.

In order to gain a foothold in the new markets, Mf Limited can either produce the furniture in South Africa and export it, or acquire existing businesses in Europe and America. In order to decide between these two options, the company engaged an international consultancy firm at a cost of R800 000.

Research by the consultancy firm suggested that the export route was less risky, especially considering the company’s plans to try out the international market for an initial five-year period before making a longer-term decision. In order to export the furniture, the company will need to ramp up production in South Africa.

This will need the company to expand its production capacity through building a new factory and acquiring new machinery. Construction of the factory will cost the company R18 million while the new machinery will cost the company R6.5 million to purchase and R500 000 to transport and install. The company expects additional after-tax operating cash flows from the new markets to be R6 million per annum, stated in current prices.

The cash flows are expected to increase in line with inflation. The expected annual inflation rate is 6%. The factory and machinery are expected to have after-tax salvage values of R10 million and R1 million, respectively (stated in current prices). The company’s nominal cost of capital is 12%.

Calculate the net present value (NPV) and internal rate of return (IRR) of the expansion project TO SHOW IF EXPANSION PROJECT IS VALID, TO WHAT TYPES OF EXCHANGE RATE RISK WILL HE BE EXPOSED

Mf Limited, a bespoke furniture manufacturing entity based in South Africa, is looking to diversify its market by entering the European and American markets. In order to gain a foothold in the new markets, Mf Limited can either produce the furniture in South Africa and export it, or acquire existing businesses in Europe and America. In order to decide between these two options, the company engaged an international consultancy firm at a cost of R800 000. Research by the consultancy firm suggested that the export route was less risky, especially considering the company’s plans to try out the international market for an initial five-year period before making a longer-term decision. In order to export the furniture, the company will need to ramp up production in South Africa. This will need the company to expand its production capacity through building a new factory and acquiring new machinery. Construction of the factory will cost the company R18 million while the new machinery will cost the company R6.5 million to purchase and R500 000 to transport and install. The company expects additional after-tax operating cash flows from the new markets to be R6 million per annum, stated in current prices. The cash flows are expected to increase in line with inflation. The expected annual inflation rate is 6%. The factory and machinery are expected to have after-tax salvage values of R10 million and R1 million, respectively (stated in current prices). The company’s nominal cost of capital is 12%.

Calculate the net present value (NPV) and internal rate of return (IRR) of the expansion project TO SHOW IF EXPANSION PROJECT IS VALID, TO WHAT TYPES OF EXCHANGE RATE RISK WILL HE BE EXPOSED

Problem 6-6A Record transactions using a perpetual system, prepare a partial income statement, and adjust for the lower of cost and net realizable value (LO6-2, 6-3, 6-4, 6-5, 6-6)

[The following information applies to the questions displayed below.]

At the beginning of October, Bowser Co.’s inventory consists of 64 units with a cost per unit of $36. The following transactions occur during the month of October

1. Assuming that Bowser Co. uses a FIFO perpetual inventory system to maintain its inventory records, record the transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
     

2. Suppose by the end of October that the remaining inventory is estimated to have a net realizable value per unit of $30. Record any necessary adjustment for lower of cost and net realizable value. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

3. Prepare the top section of the multiple-step income statement through gross profit for the month of October after the adjustment for lower of cost and net realizable value