In 2002, the city of Louisville passed a curfew that required youngsters below the age of 16 be off city streets after 10 o'clock at night. The ordinance proved controversial and was repealed in 2003. In late 2004, however, the ordinance was reenacted and has been enforced up to the present time. City officials would now like to know if the ordinance has actually reduced youth crime and violence in the city. How will you address this?

100 words for each Question please

1. What accounting standard in 2004 caused stock options to decline as the primary source of non-cash compensation? Why?

2. Does compensation expense from stock options meet the definition of an expense as discussed in SFAC 6? Why?

3. Do you think compensation expense from stock options should be recognized as an expense? Choose one position, and support it.

(Gilson, et al., 2015) posited that establishing trust, which is one of the major factors of project success in virtual teams, is much more difficult to achieve. Concurrently, Katzenbach & Smith, (2004) suggests that placing team members physically together for roughly a week on project start-up will aid in building trust and cohesiveness. So are we arguing that the antidote to project failure due to impermanence of virtual teams is to build trust?

Financial Accounting for MBAs 7th Edition. P5-48 (page 5-43)

Target Corporation reported total sales of $73,785 million in 2015, $72,618 million in 2014, and $71,279 million in 2013. In 2015, cost of sales was $51,997 million.

The revenue recognition footnote from Target’s 2015 annual report includes the following:

• Our retail stores generally record revenue at the point of sale.
• Digital channel sales include shipping revenue and are recorded upon delivery to the guest.
• Total revenues do not include sales tax because we are a pass-through conduit for collecting and remitting sales taxes.
• Generally, guests may return national brand merchandise within 90 days of purchase and owned and exclusive brands within one year of purchase. Revenues are recognized net of expected returns, which we estimate using historical return patterns as a percentage of sales.
• Revenue from gift card sales is recognized upon gift card redemption. Our gift cards do not expire. Based on historical redemption rates, a small and relatively stable percentage of gift cards will never be redeemed, referred to as “breakage.” Estimated breakage revenue is recognized over time in proportion to actual gift card redemptions and was not material in any period presented.
• Guests receive a 5 percent discount on virtually all purchases and receive free shipping at Tar-get.com when they use their REDcard. These discounts associated with loyalty programs are included as reductions in sales in our Consolidated Statements of Operations and were $1,067 million, $943 million, and $833 million in 2015, 2014, and 2013, respectively

Gift Card Information: $millions

Gift card balance May 1..................$198

New gift cards sold..........................148

Gift cards redeemed.......................(172)

Gift card balance May 31................$174

1. Use the financial statement effects template to record retail sales of $1,000 in a state with a sales-tax rate of 8%. For this question, assume 10% of all merchandise sold is returned within 90 days.

2. Use the financial statement effects template to record the following transaction: On March 4, an internet customer places an order for $2,000 and pays online with a credit card (which is equivalent to cash for accounting purposes). The goods are shipped from the warehouse on March 6, and FedEx confirms delivery on March 7. Ignore shipping costs, sales tax, and returns.

3. Use the financial statement effects template to record the gift card activity during May. Ignore sales tax and returns. Details are on page 1.

4. Determine the amount of revenue Target collected from customers who used their loyalty card (REDcard™) for 2013 to 2015. What proportion of total revenues comes from REDcard™ customers each year? Does the loyalty program seem to be working? Explain.

A company that produces and markets video game systems wishes to assess its customers' level of satisfaction with a relatively new model, the XYZ-Box. In the six months since the introduction of the model, the company has received 73,219 warranty registrations from purchasers. The company will select a random sample of 65 of these registrations and will conduct telephone interviews with the purchasers. Specifically, each purchaser will be asked to state his or her level of agreement with each of the seven statements listed on the survey instrument given in the following table.. Here, the level of agreement for each statement is measured on a 7-point Likert scale. Purchaser satisfaction will be measured by adding the purchaser’s responses to the seven statements. It follows that for each consumer the minimum composite score possible is 7 and the maximum is 49. Furthermore, experience has shown that a purchaser of a video game system is “very satisfied” if his or her composite score is at least 42.

Suppose that when the 65 customers are interviewed, their composite scores are as given in the following table.

Using the data, estimate limits between which most of the 73,219 composite scores would fall. Also, estimate the proportion of the 73,219 composite scores that would be at least 42. (Round your proportion of scores answer to 2 decimal places.)

For a product of your own choosing, pick one logical variable that can be used to segment the market. Now add a second variable so that customers have to satisfy the categories of both variables simultaneously. Now, how many possible segments can you identify from a combination of three variables? What implications does this have for the marketing manager?

A study was conducted to analyze whether there is a linear relation between the number of customers who visited a store and the total sales at that store.
The following data was collected over a period of 14 days:

Number of customers Total Sales(K)
  
125 35.1
88 28.5
111 30.3
121 36.2
102 33.4
98 30.2
106 31.2   
133 44.5
128 39.4
105 32.5
118 33.2
127 40.5
144 58.2
136 41.3
  
(a)   What is the dependent and independent variable?

(b)   Prepare a scatter plot. What is the direction of correlation?

(c)   What is the equation of the regression line?

(d)   What is the coefficient of determination (r2) and interpret the meaning of it.

(e)   Calculate the correlation coefficient (r) and interpret the meaning of it.

(f)   Predict total sales if 120 customers visited the store.

(g)   Would it be possible to use this regression model to predict the Total Sale for 500 customers? Why?

   Number of Customers   Total Sales ($K)
day 1   125   35.1
day 2   88   28.5
day 3   111   30.3
day 4   121   36.2
day 5   102   33.4
day 6   98   30.2
day 7   106   31.2
day 8   133   44.5
day 9   128   39.4
day 10   105   32.5
day 11   118   33.2
day 12   127   40.5
day 13   144   58.2
day 14   136   41.3

Marketing at Pepe’s Pizzeria focuses on the development, growth, and maintenance of cost-effective, high-value relationships with each of its customers. This type of marketing is known as _____.

a. direct marketing b. relationship marketing c. transaction-based marketing d. value-based marketing

The relationship between Pepe’s Pizzeria and its customers functions at which level of the relationship marketing continuum?

a. Fourth Level b. Third Level c. Second Level d. First Level

Pepe’s Pizzeria indulges in social interaction and interactive marketing with its customers on Twitter and Facebook. Thus, Pepe’s Pizzeria builds buyer–seller relationships through _____.

a. grassroots marketing b. database marketing c. frequency marketing d. interactive television

If Pepe’s Pizzeria built its brand equity by letting satisfied customers get the word out about its pizzas to other consumers, the type of marketing initiative used is known as _____.

a. affinity marketing b. ambush marketing c. viral marketing d. direct marketing

How can Pepe’s Pizzeria determine the costs it incurs to serve each customer and thus develop ways to increase its profitability?

a. By calculating the customer churn b. Through the payback method c. Through tracking rebates, coupons, and credit card purchases d. By calculating the lifetime value of its customers

The data in the table represent the number of pods on a random sample of soybean plants for various plot types. An agricultural researcher wants to determine if the mean numbers of pods for each plot type are equal.

Use Minitab Express to determine the following summary statistics. Create one column (Plot Type)of group labels (9 each of the three plot types), and one column (Pods) containing all 27 observations corresponding to the group labels. Use STATISTICS -> Describe -> Descriptive Statisitics to open the dialog box. Input the Pods column in the Variable box. For "grand" statistics, do not specify a Group Variable. For individual treatment group statistics, specify the Plot Type column as the Group Variable. In the Statistics tab, specify only the mean, standard deviation, and sample size (N, in Minitab).

Report all calculations rounded to 3 decimal places, where applicable.

Grand Statistics:
n= x bar= s=

"Liberty" Group Statistics:
n1= xbar1= s1=

"No-Till" Group Statistics:
n2 = xbar2= s2=

"Chisel-Plow" Group Statistics:
n3= x bar3= s3=