Apply all of these concepts (Client-center marketing, Movement from mass production to customized products, Disruptive Innovation, Building Brand Value) to understand what happened to Apple and what may be the likely outcome now that Jobs has “passed away”.

In the Connect and Develop article, Huston and Sakkab describe a "radical strategy of open innovation." Let's assume that Dell is interested in pursuing such as strategy. What would that look like? If you were a member of the management team, would you have any concerns?

If a company aspires to make a target net income (i.e., income after income taxes are deducted) of $4,250 and the company's tax rate is 25%, what would be the profit before income taxes? (see page 103 Net income before taxes = _____________?

Sterilized milk & the Japanese Market

Dairy pride, a U.S. manufacturer of milk-sterilizing equipment, wants to introduce its equipment

into Japan but has encountered numerous problems. Sterilized milk is a recent innovation that

offers two main advantages over fresh milk: it can be stored at room temperature for up to three

months and has twice the refrigerated shelf life of ordinary milk after the package is opened.

Dairy pride has developed superior equipment for sterilizing milk that avoids the unpleasant side

effects of sterilization—a cooked and slightly burnt taste and a filminess that lingers in the

mouth after the milk is swallowed.

In searching for new markets for its equipment, the company sees Japan as a good candidate.

Japan has a large population, a low but growing rate of per capita milk consumption, and a

limited availability of fresh milk. As Dairy pride sets out to sell its equipment to large Japanese

dairies, it encounters the following obstacles:



It has to develop an advertising campaign to change Japanese milk consumption habits

and convince Japanese consumers of the advantages of buying and drinking sterilized

milk.



The Consumers’ Union of Japan opposes the product because of concerns about sterilized

milk’s safety.



Dairy farmers located near large cities oppose the distribution of sterilized milk. They

fear competition from faraway dairies, since sterilized milk has a long inventory life and

can be shipped long distances.



Several large retailers say they will not carry sterilized milk because of interest-group

pressure. Milk specialty stores, which thrive on home deliveries, also oppose the

introduction of sterilized milk.



The Health and Welfare Ministry and the Ministry of Agriculture and Forestry have

indicated they will wait and gauge consumer acceptance of sterilized milk before taking

action to approve or disapprove general distribution.

Please follow the steps outlined in Megamarketing and develop a plan for successfully managing

this difficult environment.

Calculate the GDP for the following two examples. Show your work.

1. (1 point) Using the information below, calculate the nominal GDP.

2. (4 points) GDP is the sum of the market value of all final goods and services produced in an economy in a given year. In the following scenario, compute the value added at each stage of production, and compare this figure to the final value of the product produced and in 1 page or less, explain why we only include either the value-added or the final value of the product in GDP. Report your results in a table.

Scenario: Suppose a dairy farm produces raw milk, which it sells for $800 to a dairy. The dairy produces milk which it sells or $2500 to a cheese manufacturer. The cheese manufacturer uses the milk to make cheese, which it sells for $6000 to a grocery store. The grocery store sells the cheese to consumers for $9,000.

3. (3 points) Suppose a single product economy produced 2000 pounds of beef in 2010. The price of a pound of beef was $3 in 2010. The price of beef was $5 per pound in 2015 and the economy produced 4300 pounds.
   1. Calculate the nominal GDP for 2010 and 2015
   2. Calculate the real GDP for 2010 and 2015, assuming 2010 as the base year.
   3. Calculate the GDP price index for 2010, using 2015 as the base year.

4. (2 points) In ½ page or less explain why a country should use real GDP rather than nominal GDP to measure the economic well-being of the country?

I am having a bunch of trouble trying to figure these out each time I think I have the inputs right with these questions I keep coming up with the wrong answers can someone walk me through this?

1.) Ashley, of Bhak Dat Stat Up! (a Tsygylyk subsidiary), wanted to test the claim that the standard deviation for the number of months in a relationship, before a couple had their first argument, would be at least 5 months, She randomly surveyed forty couples and found their mean to be 12.9 months with a standard deviation of 3.1 months. At a 5% significance level, can he conclude that the standard deviation for all such couples is at least 5 months?

2.) D-Bar! Magazine wanted to see if a statistics tutorial class had any effect on college quiz scores; total possible points were 25. They sent , of “Rasta Mon!” fame, to survey a sample of six statistics students that took this tutorial class. The table below gives their scores before and after the completion of the “stats” tutorial class. (Assume an approx. normal distribution.)

Construct a 95% confidence interval for the mean differences between the scores before and after the completion of the “stats” tutorial class.

Empire Company is a manufacturer of smart phones. Its controller resigned in October 2020. An inexperienced assistant accountant has prepared the following income statement for the month of October 2020.

EMPIRE COMPANY
Income Statement
For the Month Ended October 31, 2020
Sales revenue               $795,000   
Less:   Operating expenses                  
Raw materials purchases       $264,600           
Direct labor cost       190,200           
Advertising expense       91,000           
Selling and administrative salaries       77,800           
Rent on factory facilities       61,000           
Depreciation on sales equipment       45,800           
Depreciation on factory equipment       32,500           
Indirect labor cost       28,200           
Utilities expense       11,600           
Insurance expense       8,300        811,000   
Net loss               $(16,000)  

Prior to October 2020, the company had been profitable every month. The company’s president is concerned about the accuracy of the income statement. As her friend, you have been asked to review the income statement and make necessary corrections. After examining other manufacturing cost data, you have acquired additional information as follows.

1. Inventory balances at the beginning and end of October were:

October 1
October 31
Raw materials       $19,700       $36,000
Work in process       19,400       14,700
Finished goods       29,900       53,500

2. Only 75% of the utilities expense and 60% of the insurance expense apply to factory operations. The remaining amounts should be charged to selling and administrative activities.

Prepare a correct income statement for October 2020.

Question 2 Gamma Ltd. acquired a tract of land with a building for $600,000. The closing statement indicated that the land’s assessed tax value was $400,000 and the building’s value was $200,000. The land was acquired as a site for Gamma's new office building and immediately after acquisition the building was demolished at a cost of $60,000. Gamma Ltd. constructed a new building, for $900,000 plus the following costs: Building design $ 20,000 Construction foreman salary 40,000 Imputed interest on retained earnings used during construction 30,000 Since Gamma has no debt, and a surplus of cash, all amounts were paid with cash.

a) Calculate the cost of the land. b) Calculate the cost of the building. c) Assume your answer to b) above was $1,000,000. Gamma Ltd. has a December 31 yearend. The building was completed and occupied on September 30, 2020. The estimated useful life of the building is 20 years, the residual value is estimated to be $100,000, and double-declining-balance depreciation is used. Calculate depreciation expense for 2020 and 2021. d) Assume your answer to b) above was $1,000,000. The building was completed and occupied on January 1, 2020. The estimated useful life of the building is 20 years and the residual value is estimated to be $100,000. On January 1, 2020, Gamma received a government grant of $400,000 to assist in the cost of the building. Prepare the journal entries required during 2020 related to the government grant and depreciation of the building. Assume straight-line amortization.