Following are the ages of the winners of men’s Wimbledon tennis championship from 1968 to 2010.
|
29 |
30 |
26 |
27 |
25 |
27 |
21 |
31 |
20 |
21 |
22 |
|
23 |
24 |
22 |
29 |
24 |
25 |
17 |
18 |
22 |
22 |
21 |
|
24 |
22 |
22 |
21 |
22 |
23 |
26 |
25 |
26 |
27 |
28 |
|
31 |
21 |
21 |
22 |
23 |
24 |
25 |
22 |
27 |
24 |
In: Statistics and Probability
You are applying for a graduate marketing role through a recruitment company for an unspecified client. Part of the graduate screening process requires them to determine your viewpoint on the ethical issues relating to marketing communications.
Specifically you are to:
1. Outline the key concepts
2. Identify examples of companies perceived to be behaving
ethically or unethically in relation to their digital marketing
activities.
3. Provide your own opinion of the ethical issues regarding the use
of marketing communications in reaching customers and its
implications for marketers in the future. (Part 3 is worth 50% of
the answer)
In: Operations Management
The following CVP income statements are available for Blanc
Company and Noir Company.
|
Blanc Company |
Noir Company |
|||
|---|---|---|---|---|
|
Sales |
$570,000 | $570,000 | ||
|
Variable costs |
342,000 | 285,000 | ||
|
Contribution margin |
228,000 | 285,000 | ||
|
Fixed costs |
218,880 | 275,880 | ||
|
Net income |
$9,120 | $9,120 |
1. Compute margin of safety ratio for each company.
(Round answers to 3 decimal places, e.g.
0.321.)
Margin of safety ratio
Blanc Company:
Noir Company:
2.
Assuming that sales revenue increases by 20%, prepare a CVP
income statement for each company. (Enter negative
amounts using either a negative sign preceding the number e.g. -45
or parentheses e.g. (45).)
|
Blanc Company |
Noir Company |
|||
|---|---|---|---|---|
|
Sales |
$enter a dollar amount |
$enter a dollar amount |
||
|
Variable costs |
enter a dollar amount | enter a dollar amount | ||
|
Contribution margin |
enter a subtotal of the two previous amounts |
enter a subtotal of the two previous amounts |
||
|
Fixed costs |
enter a dollar amount | enter a dollar amount | ||
|
Net income / (Loss) |
$enter a total amount |
$enter a total amount |
3.
Assuming that sales revenue decreases by 20%, prepare a CVP income statement for each company. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
|
Blanc Company |
Noir Company |
|||
|---|---|---|---|---|
|
Sales |
$enter a dollar amount |
$enter a dollar amount |
||
|
Variable costs |
enter a dollar amount | enter a dollar amount | ||
|
Contribution margin |
enter a subtotal of the two previous amounts |
enter a subtotal of the two previous amounts |
||
|
Fixed costs |
enter a dollar amount | enter a dollar amount | ||
|
Net income / (Loss) |
$enter a total amount |
$enter a total amount |
In: Accounting
McDowell's is considering adding a healthy alternative to its traditional dinner meal. This proposed healthy meal will consist of two components: a quinoa & spinach salad and a wheatgrass smoothie. A sector of the company's management wants to use the Shapley method to allocate revenues. This sector of management has already solicited a market research firm to conduct a survey which will determine which component of this new, healthier meal will be the primary factor that causes customers to purchase the meal. Pricing information and the results of the market research are as follow:
Determine how much revenue will be allocated to each product using the Shapley method.
Your Answer
The revenue from the new, healthier meal will be allocated to the quinoa & spinach salad and the wheatgrass smoothie using the Shapley method.
In: Accounting
Eureka Design Bhd entered into a contract to deliver one of its fixtures and fittings to Creative Landscaping Bhd on 1st July 2020. The contract requires Creative Landscaping to pay the contract price of RM30,000 in advance on 15th July 2020. Creative pays Eureka on 15th July 2020 and Eureka delivers the fixtures and fittings (with cost of RM19,000) on 31st July 2020.
Required:
i) Explain the 5-step of revenue recognition as outlined in MFRS 15 Revenue from Contract With Customers.
ii) Prepare the journal entry on 1st July 2020 for Eureka Design Bhd.
iii) Prepare the journal entry on 15th July 2020 for Eureka Design Bhd.
iv) Prepare the journal entry on 31st July 2020 for Eureka Design Bhd.
In: Accounting
If a company is not doing well financially. who is mostly at risk. and what is the responsibility to the employees, customers, vendors, etc?
In: Accounting
|
Cane Company manufactures two products called Alpha and Beta that sell for $215 and $160, respectively. Each product uses only one type of raw material that costs $7 per pound. The company has the capacity to annually produce 125,000 units of each product. Its unit costs for each product at this level of activity are given below: |
| Alpha | Beta | |||||||
| Direct materials | $ | 42 | $ | 21 | ||||
| Direct labor | 35 | 28 | ||||||
| Variable manufacturing overhead | 23 | 21 | ||||||
| Traceable fixed manufacturing overhead | 31 | 34 | ||||||
| Variable selling expenses | 28 | 24 | ||||||
| Common fixed expenses | 31 | 26 | ||||||
| Total cost per unit | $ | 190 | $ | 154 | ||||
|
The company considers its traceable fixed manufacturing overhead to be avoidable, whereas its common fixed expenses are deemed unavoidable and have been allocated to products based on sales dollars. |
| Required: |
| 1. |
What is the total amount of traceable fixed manufacturing overhead for the Alpha product line and for the Beta product line? |
|
| 2. | What is the company’s total amount of common fixed expenses? | |
| 3. |
Assume that Cane expects to produce and sell 96,000 Alphas during the current year. One of Cane's sales representatives has found a new customer that is willing to buy 26,000 additional Alphas for a price of $144 per unit. If Cane accepts the customer’s offer, how much will its profits increase or decrease? |
|
| 4. |
Assume that Cane expects to produce and sell 106,000 Betas during the current year. One of Cane’s sales representatives has found a new customer that is willing to buy 4,000 additional Betas for a price of $74 per unit. If Cane accepts the customer’s offer, how much will its profits increase or decrease? |
|
| 5. |
Assume that Cane expects to produce and sell 111,000 Alphas during the current year. One of Cane's sales representatives has found a new customer that is willing to buy 26,000 additional Alphas for a price of $144 per unit. If Cane accepts the customer’s offer, it will decrease Alpha sales to regular customers by 12,000 units. |
| a. |
Calculate the incremental net operating income if the order is accepted? (Loss amount should be indicated with a minus sign.) |
| b. | Based on your calculations above should the special order be accepted? | ||||
|
In: Accounting
Which of the following statements about perfect price discrimination is false?
A condition for perfect price discrimination is that it must be costlier to service some customers than others. | ||
There is no consumer surplus if a firm engages in perfect price discrimination. | ||
For the price-discriminating firm, its marginal revenue curve coincides with its demand curve. | ||
Perfect price discrimination occurs when the seller charges the highest price each consumer would be willing to pay for the product. |
In: Economics
Which of the following statements is true of monopolies?
i. They have market power, so they can increase their price without losing customers.
ii. Their marginal revenue is less than their price.
iii. They earn a profit by producing at a point where price is greater than marginal cost.
a. i only
b. ii only
c. i and ii only
d. ii and iii only
e. i, ii and iii are all true
In: Economics
The Bradford Company issued 10% bonds, dated January 1, with a face amount of $50 million on January 1, 2018 to Saxton-Bose Corporation. The bonds mature on December 31, 2027 (10 years). For bonds of similar risk and maturity, the market yield is 12%. Interest is paid semiannually on June 30 and December 31. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.): Required: 1. to 3. Prepare the journal entry to record the purchase of the bonds by Saxton-Bose on January 1, 2018, interest revenue on June 30, 2018 and interest revenue on December 31, 2018 (at the effective rate). (Enter your answers in whole dollars. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Record the purchase of the bonds by Saxton-Bose.
Record the interest revenue on June 30, 2018.
Record the interest revenue on December 31, 2018.
In: Accounting