"Mobile augmented reality (MAR) game as a travel guide: insights from Pokemon GO". In teams of two, please develop a plan to implement a form of interactive technology to increase visitors to a destination [do not use Pokemon as your technology]. Based on the article however, describe how your plan addresses each of the 4 realms of experience:
Educational
Entertainment
Esthetics
Escapist
In: Operations Management
Accounting for acquired goodwill has been a controversial issue for many years. In the United States, the amount of acquired goodwill is capitalized and not amortized. Globally, the treatment of goodwill varies significantly, with some countries not recognizing goodwill as an asset. Professors Johnson and Petrone, in “Is Goodwill an Asset?” discuss this issue.
Required:
1. In your library or from some other source, locate the indicated article in Accounting Horizons, September 1998.
2. Does goodwill meet the FASB’s definition of an asset? 3. What are the key concerns of those that believe goodwill is not an asset?
In: Accounting
Company: Markes and Spencer
Question: Evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organisation.
Guidlines
Choose any UK based national and discuss a competition policy (Competition Act 1998) and how it is constrained by competition policies e.g. regarding monopolies, by regulations and by authorities (Competition Commission, Office of Fair Trading; Directorate General for Competition); European Commission); sector regulators e.g. Ofgem, Ofwat, Civil Aviation Authority; Companies Acts; regional policy; industrial policy; training and skills policy
In: Operations Management
Russia and South Korea experienced exchange rate crises in the late 1990s, but their response was markedly different. First, Russia experienced a dramatic decrease in the value of the Russian ruble relative to the U.S. dollar in 1998. The Russian government responded by suspending payments on foreign debt. Similarly, South Korea experienced a decrease in the value of the won in 1997. In contrast, South Korea did not default on its debt.
Why might these two countries have behaved differently in response to their respective crises? What are the benefits of default? What are the drawbacks?
In: Economics
ABC Company a Northwest manufacturer makes woman’s shoes, for
which demand is highly seasonal. The company has experienced
difficulty in making accurate forecasts. The following table gives
the quantity of hose sold by quarters in the last three years.
Demand Quarter 1998 1999 2000 I 540 590 649 II 70 72 82 III 110 126
130 IV 443 460 510
Decompose the data series into trend and seasonal factors and make
forecasts for each quarter in 2001
In: Operations Management
The following revenue and expense figures relate to the first year of the rodeo.
Receipts
Contributions from sponsors $22,000
Receipts from ticket sales $28,971
Share of concession profits $1,513
Sale of programs $600
Total receipts $53,084
Expenses
Livestock contractor $26,000
Prize money $21,000
Contestant hospitality $3,341*
Sponsor signs for arena $1,900
Insurance $1,800
Ticket printing $1,050
Sanctioning fees $925
Entertainment $859
Judging fees $750
Port-a-potties $716
Rent $600
Hay for horses $538
Programs $500
Western hats to first 500 children $450
Hotel rooms for stock contractor $325
Utilities $300
Sand for arena $251
Miscellaneous fixed costs $105
Total expenses $61,410
Net loss $ (8,326)
*The club contracted with a local caterer to provide a tent and food for the contestants. The cost of the food was contingent on the number of contestants each evening. Information concerning the number of contestants and the costs incurred are as follows:
Contestants Total Cost
Friday 68 $998
Saturday 96 $1,243
Sunday 83 $1,100
$3,341
Break-even point in Dollars is fixed cost / contribution margin ratio
Since the variable is at 4% total revenue, the contribution margin ratio is 96% or .96
$51,000/ .96 = $53,125
Contributions from sponsors = $25,600
Amount from ticket sales for break-even = $27,525
Compute the break-even point in dollars of ticket sales assuming Adrian and Jonathan's assumptions are correct as given in the case. This requirement is to calculate break even in dollars. The amount you calculate will be from all sources of revenue including contributions from sponsors. The requirement is for ticket sales only. Contributions from sponsors is stated in the case as $25,600. As an example, let's say that using the break even formula you calculate break even in dollars as $60,000. This is not the answer for the requirement. You need the amount of ticket sales which would be the $60,000 less $25,600 or $34,400 in ticket sales. It is critical that you account for the contributions from the sponsors. The rest of the case deals with ticket sales revenue. If you don't calculate ticket sales correctly, all of the other case answers you get will be wrong.
Note: The case states that variable costs are 4% of total revenue. What must the contribution margin ratio be if variable costs are 4% of total revenue?
Section 2
Shelley has just learned you are calculating the break-even point in dollars of ticket sales. She is still convinced the Club can make a profit using the assumptions above (second bullet point above).
Calculate the dollars of ticket sales needed to earn a target profit of $6,000.
Calculate the dollars of ticket sales needed to earn a target profit of $12,000.
Are the facilities at the fairgrounds adequate to handle crowds needed to generate ticket revenues calculated above (third bullet point above) to earn a $6,000 profit? Show calculations to support your answers.
In: Accounting
To finance the street renovation project, the city is considering a couple of options. The first is to impose an "entertainment tax." Because the increased traffic is a result of more people visiting the area, the city would like to charge the visitors for the costs of improving the area instead of forcing the local citizens to pay for all of the improvements. Anything classed as "entertainment" (movies, restaurants, theater, etc.) will be subject to an additional 5 percent tax.
The second option is to require the existing businesses along the street to directly pay for the improvements, because they will be benefiting from them the most. This payment would be in the form of a special tax levied on each business on the street. The tax would be proportional to the square footage of the business—the larger the business, the higher the tax.
I'd like you to critique these proposals, and report back to me with the likely effects of the taxes.
Write a 300- to 500-word report to John Becker. In your report, be sure to
Note: When describing the tax incidence, specific numbers are not necessary. Instead, focus on who the city intends to pay the tax and how the tax burden is likely to be distributed among the buyers and sellers. To effectively critique the alternative financing plan, carefully consider the benefits and costs of the plan. Who benefits from the plan, and how much do they benefit? How does that compare with how much the plan costs?
In: Economics
Savage Corporation at June 30, 2020.
| Sales revenue | $1,595,870 | Depreciation expense (office furniture and equipment) | $7,119 | |||
| Sales discounts | 33,040 | Property tax expense | 7,850 | |||
| Cost of goods sold | 897,600 | Bad debt expense (selling) | 4,614 | |||
| Salaries and wages expense (sales) | 56,520 | Maintenance and repairs expense (administration) | 8,347 | |||
| Sales commissions | 98,900 | Office expense | 6,480 | |||
| Travel expense (salespersons) | 35,200 | Sales returns and allowances | 58,075 | |||
| Delivery expense | 23,290 | Dividends received | 34,910 | |||
| Entertainment expense | 14,990 | Interest expense | 18,950 | |||
| Telephone and Internet expense (sales) | 9,160 | Income tax expense | 107,240 | |||
| Depreciation expense (sales equipment) | 4,914 | Depreciation understatement due to error—2020 (net of tax) | 17,738 | |||
| Maintenance and repairs expense (sales) | 6,715 | Dividends declared on preferred stock | 9,020 | |||
| Miscellaneous selling expenses | 4,689 | Dividends declared on common stock | 39,470 | |||
| Office supplies used | 3,656 | |||||
| Telephone and Internet expense (administration) | 2,966 |
The Retained Earnings account had a balance of $370,560 at July 1,
2019. There are 75,830 shares of common stock outstanding.
Using the single-step form, prepare an income statement for the year ended June 30, 2020.
Prepare a retained earnings statement for the year ended June 30, 2020.
In: Accounting
The following information pertains to Alberto Manufacturing Company for year 2017.
Sales revenue $1,800,000
Repairs and maintenance of factory $45,000
Direct material purchases 500,000
Travel & entertainment cost by sales people 32,400
Direct manufacturing labor 250,000
Depreciation – factory equipment 24,000
Administrative salaries 162,000
Depreciation—office equipment 21,600
Sales commissions 135,000
Materials handling 18,000
Sales salaries 81,000
Property taxes – factory equipment 18,000
Indirect manufacturing labor 69,000
Depreciation—factory building 15,000
Leasing costs – factory equipment 54,000
Gain on disposal of assets 8,500
Advertising expense 54,000
Sandpaper 6,000
Utilities 54,000
Fire insurance – factory equipment 6,000
Coolants & lubricants - factory equip 45,000
Interest Expense 4,000
RM Materials Inventory , 1/1/17 $45,000
RM Materials Inventory, 12/31/17 $58,000
Work-in-Process Inventory, 1/1/17 150,000
Work-in-Process Inventory, 12/31/17 77,000
Finished Goods Inventory, 1/1/17 88,000
Finished Goods Inventory, 12/31/17 112,000
Requirement: In the space provided on the Answer Sheets prepare a Statement of Cost Goods Manufactured and Sold.
In: Accounting
Which of the following is NOT one of the main categories into which the Windows Store organizes apps?
a. Productivity
b. Entertainment
c. Spotlight
d. Spreadsheets
If you are not sure what apps you own from the Windows Store, you can display a list of them on the Start Menu by clicking _____.
a. Purchased apps
b. All Apps
c. What I own
d. My programs
In: Computer Science