Consumers usually adapt two types of shopping values. First, hedonic value, which is associated with satisfaction of the senses enhanced by experiences of pleasure, entertainment and fun. Second, utilitarian value are focused on functional aspects of the product like durability, price, physical performance and environmental protection among others. Based on scientific literature review, hedonic and utilitarian consumer behavior can be the source of the ethical consumption. The notion hedonism is traditionally associated with negative emotions and is linked with immediate gratification, individualism, materialism and excessive selfish behavior. The analysis of scientific literature suggests that hedonic consumption causes a sense of guilt. Broadly guilt can be understood as a negative emotion aroused when person’s behavior is at variance with person’s own standards. Guilt can occur during purchase, in usage situations and even while disposing off the products. People may experience the sense of guilt when choosing unethical alternative which make them eliminate their guilt by coping behavior like ethical purchasing. Vast majority of literature also reveals that consumer’s perceptions of the importance of the product category based on the consumer’s inherent needs, values, and interests act as a significant influencer. Generally customers display more hedonism when a particular product category is less central to their lives and as compared to the products which are more central. Utilitarian customers on the other hand perceive all purchases central to their lives.

1. Construct a theoretical framework with clear labelling of variables

2. Derive at least 5 directional hypotheses.

Harms Way Company (HWC) provides you with the following information for the year ended October 31, 2019. Your assignment is to calculate income tax expense, income taxes payable, and deferred income tax assets/liabilities. The end result will be a journal entry to record all of that. In addition, you must calculate HWC’s effective tax rate and prepare a reconciliation to the federal statutory rate of 21%. Information provided: 1. Income before tax, as shown on HWC’s GAAP statement of income = $2,110,000 2. Depreciation calculated under GAAP = $300,000. Depreciation as will be shown on the tax return = $375,000. 3. Interest income on municipal bonds, which is not subject to federal income tax = $150,000. 4. Fines recorded and paid during the year to the EPA for environmental violations = $450,000. Fines are not tax deductible. 5. Meals and entertainment expenses recorded during the year = $375,000. Only one-half (50%) of those expenses may be deducted for tax purposes. 6. At the end of the fiscal year (in October 2019), HWC received a payment of $750,000 from a client for a product to be delivered in November. Under the newest tax law, that payment is taxable when received, not when the product is delivered. Your Assignment: Calculate: • Income tax expense (GAAP). • Income taxes currently payable. • Deferred income taxes resulting from this year’s operations, classified as deferred tax assets and separately deferred tax liabilities (don’t worry about the current/noncurrent classification, just asset/liability).

.Mr. Johan is a 35-year-old professional race deriving working as driver with international
race company. He has critical illness case and he takes medication for that. He is
planning to participate in champions race next month. He is earning 150,000 gross monthly
but pays 70,000 in expenses, most which are fixed expenses as a leased car and leased
equipment. Johan rents an apartment and spends the rest of his earnings of 50,000 on
   living and entertainment expenses. The remaining amount he saves in the bank. Johan has
   wife and two children.
Suppose that Mr. Johan has hired you as a consultant to help them make the decision.
Please draft an official memo to them with your analysis and recommendations.
Your submission should cover the following questions:
1.Briefly, summarize the key facts of the case and identify the problem being faced by Mr.
    Johan. In other words, what is the decision that they need to make? explain?
2.How much Johan saving? What are the alternative way of saving money?
3.What are some approaches that can be used to solve this problem? What are some various
   criteria or metrics that can be used to help make this decision? what type of risks could
    Johan face?
4.What are the important factors the financial manager should consider before making
      decision? Explain?
5. What is the cost Johan will spend to cover risk (advantage and disadvantage)? Make example
     from yourself from above information do you think, do you think Johan saving plan will
     continue consider risk?

At the beginning of the school year, Priscilla Wescott decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan for enough cash on December 31 to pay the spring semester tuition, which is the same as the fall tuition. The following information relates to the budget:

a. Prepare a cash budget for September, October, November, and December. Enter all amounts as positive values except cash decrease which should be indicated with a minus sign.

b. Are the four monthly budgets that are presented prepared as static budgets or flexible budgets?

c. What are the budget implications for Priscilla Wescott?

Priscilla can see that her present plan   sufficient cash. If Priscilla did not budget but went ahead with the original plan, she would be $   at the end of December, with no time left to adjust.

Phoenix Company’s 2017 master budget included the following fixed budget report. It is based on an expected production and sales volume of 15,000 units.

a,  Prepare flexible budgets for the company at sales volumes of 14,000 and 16,000 units and classify all items listed in the fixed budget as variable or fixed.

.b. The company’s business conditions are improving. One possible result is a sales volume of 18,000 units. The company president is confident that this volume is within the relevant range of existing capacity. How much would operating income increase over the 2017 budgeted amount of $299,000 if this level is reached without increasing

c. An unfavorable change in business is remotely possible; in this case, production and sales volume for 2017 could fall to 12,000 units. How much income (or loss) from operations would occur if sales volume falls to this level? (Enter any loss with minus sign.)

This is a Personal Budget:

At the beginning of the school year, Craig Kovar decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan for enough cash on December 31 to pay the spring semester tuition, which is the same as the fall tuition. The following information relates to the budget:

a. Prepare a cash budget for September, October, November, and December. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments.

b. Are the four monthly budgets that are presented prepared as static budgets or flexible budgets?

c. What are the budget implications for Craig Kovar?

Craig can see that his present plan   sufficient cash. If Craig did not budget but went ahead with the original plan, he would be $   at the end of December, with

The following is a free response question to be used as practice for future exams. You can complete the assignment in this document, using the drawing tools in Word (or any photo editing program) or print this document, and complete the activity by hand, submitting a scan or photo of your work. When you are done, submit the assignment for grading by your instructor. This question will be graded out of 6 points.

1. (a) The outputs and prices of goods and services in Country X are shown in the table above. Assuming that 2012 is the base year, calculate each of the following.

(i) The nominal gross domestic product (GDP) in 2013

(ii) The real GDP in 2013

(b) If in one year the price index is 40 and in the next year the price index is 50, what is the rate of inflation from one year to the next?

(c) Assume that next year’s wage rate will be 3.5% percent higher than this year’s because of inflationary expectations. The actual inflation rate is 3 percent. At the beginning of next year, will the real wage be higher, lower, or the same as today?

(d) Assume that Zac gets a fixed-rate loan from a bank when the expected inflation rate is 4 percent. If the actual inflation rate turns out to be 2 percent, who benefits from this: Zac, the bank, neither, or both? Explain.

Personal Budget

At the beginning of the school year, Priscilla Wescott decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan for enough cash on December 31 to pay the spring semester tuition, which is the same as the fall tuition. The following information relates to the budget:

a. Prepare a cash budget for September, October, November, and December. Enter all amounts as positive values except cash decrease which should be indicated with a minus sign.

b. Are the four monthly budgets that are presented prepared as static budgets or flexible budgets?

c. What are the budget implications for Priscilla Wescott?

Priscilla can see that her present plan   sufficient cash. If Priscilla did not budget but went ahead with the original plan, she would be $   at the end of December, with no time left to adjust.

Martin Galloway, the sole propiertor of a consulting business, has gross receipts of $45,000 in 2017. His adresss is: 1223 Fairfield Street, Westfield, New Jersey and his SSN is 158-68-7799. Expenses paid by his business are

Advertising $500

Supplies 2,900

Taxes and licenses 500

Travel (other than meals) 600

Meals and entertainment 400

Health insurance premiums (for Martin) 1,400

Individual retirement account contribution 2,500

During the year Martin drives his car a total of 15,000 miles (700 business miles and 550 personal miles per month). He paid $100 for business-related parking and tolls. He paid $120 in fines for speeding tickets when he was late for appointments with clients. Martin's office is located in his home. HIs office occupies 500 and 2,000 square feet in his home. His total (unallocated) expenses for his home are:

Mortgage interest $6,000

Property taxes 1,700

Insurance 700

Repairs and maintenance 300

Utilities 1,600

Depreciation for the business portion of his home is $1,364.

a. What is Martin's net income (loss) from his business?

b. How much self-employment tax must Martin pay?

c. Based on this information, are there any other deductions that Martin can claim on his individual tax return other than those reported on his Schedule C?

d. How would your answers to the above items change if Martin elects to use the simplified method for home expenses?

1. Discuss how Intel changed ingredient-marketing history. What did it do so well in those initial campaigns?

In order for Intel to get out of the PC only where the consumers did not see it and insert itself in their minds instead, Intel Had to launch a brand awareness campaign, rebranding some of their products to other than just numbers, so they launched products such as Pentium for a microprocessor and also created memorable advertising campaigns such as “Bunny People” and “Blue man group” making them a recognizable brand name.

2. Evaluate Intel’s more recent marketing efforts as the industry moves out of the PC era. What are Intel’s greatest risks and strengths during this changing time?

As time passed by, so did technology moving out of the PC era, and Intel created new products to adjust to the demand, products such as the Atom, which is their smallest processor to date, to fit in mobile devices and lightweight netbooks. But prior to that, Intel explored the home entertainment and mobile devices market for new opportunities, launching different platforms and expensive advertising campaigns.

Intel also acquired new companies to expand its capabilities and even launched new product lines like its own mobile device, which were risky moves in a changing environment, but at the same time the constant change through innovative technological launches and great marketing strategies is what keeps them not only afloat but going strong as one of the most valuable brands in the world.

Do you agree with the post above? why?