- Flamingo Company borrows $30,000 using a five-year, long-term installment note payable. The rate on the note is 5 percent and Flamingo agrees to make monthly payments of $566.14. When Flamingo records its first payment on the note payable, what will the journal entry look like (without the numbers).

1. Debit Cash

Debit Interest Expense

          Credit Notes Payable

2. Debit Interest Expense

Credit Notes Payable

Credit Cash

3. Debit Notes Payable

Credit Cash

Credit Interest Payable

4. Debit Interest Expense

Debit Notes Payable

           Credit Cash

- Relish Company incurs the following costs associated with the purchase of a new machine:

Purchase Price $20,000

Sales Tax 1,500

Manufacturer testing to ensure proper functioning 500

Shipping costs for the machine paid by Relish Company 200

What is the total cost Relish will capitalize when recording the asset?

1. $20,500

2. $22,200

3. $20,000

4. $22,000

- On January 1, 2017, Jenks Company purchased the copyright to Jackson Computer tutorials for $216,000. It is estimated that the copyright will have a useful life of 5 years and no salvage value. Assuming Jenks has a year-end of December 31, the amount of Amortization Expense recognized for year 2017 should be:

1. $20,000

2. $21,600

3. $43,200

4. $40,000

- On November 6, 2019, Julio paid $650 cash for his airplane ticket home for Christmas break. He leaves Bozeman on December 16, 2019. How would the airline record the transaction where they receive cash from Julio?

1. Debit Cash 650

Credit Deferred Ticket Revenue 650

2. Debit Deferred Ticket Revenue 650

Credit Cash 650

3. Debit Ticket Revenue 650

Credit Deferred Ticket Revenue 650

4. Debit Cash     650

Credit Ticket Revenue 650

- Which of the following expenditures should be expensed (debited to an expense account)?

1. The replacement of an engine on an airplane.

2. An oil change for a delivery vehicle.

3. The addition of a garage to a home.

4. A refrigeration system added to a tractor-trailer.

- Goodwill is:

1. The value of a business as a whole, over and above the value of its net identifiable assets.

2. Recorded when created internally through advertising expenses.

3. Only recorded by the seller of a business.

4. Amortized over the greater of its estimated life or forty years.

There are a number of differences and challenges when a company looks at marketing domestically and internationally. Pick a country (not the United States) and share what country you have selected. Discuss the differences and challenges of marketing in that country when compared with the U.S. What things should a company take into consideration when developing marketing plans internationally? Areas of focus in your post may include:

• the customers: Are the customers the same?
• human resources
• currencies, governments and rules and regulations
• different customs, etiquette, etc.
• advertising issues and resources
• language differences

You must use a minimum of three scholarly resources, cited with parenthetical APA style citations in the body, and referenced at the bottom with APA style references.

data from 4.8:

Problem Set 4.8: One-Way ANOVA in SPSS

• Criterion: Calculate an ANOVA in SPSS.
• Data: Tyrone is testing out dye strength after washing dyed fabric for his new fabric line. He dyes his fabrics blue, green, and yellow and washes the fabric one time. The following are the dye strength results for 10 pieces of fabric in each color after one wash:

Problem Set 4.9: One-Way ANOVA results in APA style

• Criterion: Report ANOVA results in APA format.
• Data: Use the Dye Strength data from Problem Set 4.8.
• Instruction: Complete the following:

a.   State the null hypothesis.

b.   Report your results in APA format (as you might see them reported in a journal article).

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Product Costs using Activity Rates

Atlas Enterprises Inc. manufactures elliptical exercise machines and treadmills. The products are produced in its Fabrication and Assembly production departments. In addition to production activities, several other activities are required to produce the two products. These activities and their associated activity rates are as follows:

The activity-base usage quantities and units produced for each product were as follows:

Use the activity rate and usage information to calculate the total activity cost and activity cost per unit for each product. If required, round the per unit answers to the nearest cent.

A random sample of 10 examination papers in a course, which was given or fail basis, showed the following scores. (PAPER NUMBERS) (GRADES) (STATUS) 1 85 Pass 2 87 fail 3 92 Pass 4 85 Fail 5 79 Pass 6 90 Pass 7 88 Fail 8 74 Pass 9 79 fail 10 91 pass 1. estimate the probability that the grade will be more than 85. 2. estimate the probability that the proportion of fail will be less than 0.65. 3. Estimate the 97% confidence interval for grade. 4. Estimate the interval of proportion for pass at the 98% confidence level.

Tennindo, Inc. is starting up its​ new, cost-efficient gaming system​ console, the yuu. Tennindo currently has 3 comma 500 ​cash-paying customers and makes a profit of ​$60 per unit. Tennindo wants to expand its customer base by allowing customers to buy on credit. It estimates that credit sales will bring in an additional 1 comma 000 customers per​ year, but that there will also be a default rate on credit sales of 5​%. It costs ​$250 to make a​ yuu, which retails for ​$310. If all customers​ (old and​ new) buy on​ credit, what is the cost of bad debt without credit​ screening? What is the most Tennindo would pay for credit screening that accurately identifies​ bad-debt customers prior to the​ sale? What are the increased profits from adding credit sales for customers with and without credit​ screening? Should Tennindo offer credit sales if credit screening costs ​$10 per​ customer?

Please show and answer all the parts of this question.

Suppose that in manufacturing a very sensitive electronic component, a company and its customers have tolerated a 2% defective rate. Recently, however, several customers have been complaining that there seem to be more defectives than in the past. Given that the company has made recent modifications to its manufacturing process, it is wondering if in fact the defective rate has increased from 2%. For quality assurance purposes, you decide to randomly select 1,000 of these electronic components before they are shipped to customers. Of the 1,000 components, you find 25 that are defective. Assume that the company produces a very large number of these components on any given day.

1. Set up an appropriate hypothesis to test whether or not the defect rate has increased.
2. Before proceeding to test your hypothesis, check that all assumptions and conditions are satisfied for such a test.
3. Conduct the test using a .05 level of significance (alpha) and state your decision about whether or not you believe that the defect rate has increased.
4. What would be the minimum number of defectives in a random sample of 1,000 would you need to find in order to statistically decide that the defect rate exceeds .02 (again, assuming a .05 level of significance).            

Employee Attitudes and Turnover Are Issues at Yahoo!

Marissa Mayer, former vice president of Google Product Search, left the company to become CEO of Yahoo! in October 2012. At that time, Yahoo’s stock was selling for $15.74. In January 2016, it was selling for $29.77, after reaching a high of $52.28 in 2014. Investors were not happy with the drop in revenue—and market share—from 2014 to 2016. Some felt the company’s strategies were lacking and that new leadership was needed. Hedge fund investor Starboard Value LP demanded that the board fire Mayer.⁸¹

Let’s take a more detailed look at what happened at Yahoo!

According to a Dow Jones reporter, “Yahoo’s expenses have risen while revenue has declined in the three-and-a-half years since Mayer took the reins. In the first nine months of 2015, operating expenses totaled $3.9 billion, up 20 percent from the same period in 2014. During that same time, revenue excluding commissions paid to search partners dropped 4 percent to $3.09 billion.” Yahoo! also has been cutting costs via layoffs. The head count in 2016 was 10,700, down from a peak of 14,000 before Mayer arrived.⁸²

It is estimated that 33 percent of the workforce left the company in 2015. A CNBC reporter noted that Mayer’s concern about brain drain led her to approve “hefty retention packages—in some cases, millions of dollars—to persuade people to reject job offers from other companies. But those bonuses have had the side effects of creating resentment among other Yahoo! employees who have stayed loyal and not sought jobs elsewhere.”⁸³

Even more troubling is the manner in which some of these layoffs were executed. In 2014, “managers called in a handful of employees each week and fired them,” recalled one reporter. “No one knew who would be next, and the constant fear paralyzed the company, according to people who watched the process.” In March 2015, the situation got worse. “Mayer told the staff at an all-hands meeting that the bloodletting was finally over. Shortly thereafter, she changed her mind and demanded more cuts.”⁸⁴

In January 2016, Mayer jokingly told employees at a company meeting that “there are going to be no layoffs ‘this week.’” Insiders say these types of comments are eroding employee morale and leading to the exodus of key employees.⁸⁵

Key human resource decisions and policies likely contributed to poor employee work attitudes and turnover. The first was the company’s decision that employees could no longer telecommute. The head of human resources at the time, Jackie Reses, said, “We need to be one Yahoo!, and that starts with physically being together.” She defended the decision by stating, “Some of the best decisions and insights come from hallway and cafeteria discussion, meeting new people, and impromptu team meetings.” Reses believed that telecommuting hurt the company. “Speed and quality are often sacrificed when we work from home,” she said.⁸⁶ But the decision also created bad press for the company.

A reporter noted, “The new rule didn’t just frustrate Yahoo employees who were directly affected, it also set off a fair amount of debate and criticism on Twitter from entrepreneurs, tech company employees and journalists who cover the industry.”⁸⁷ This in turn likely created a negative impact on Yahoo!’s ability to recruit highly talented employees.

The second human resource decision was Mayer’s implementation of the quarterly performance review (QPR) system. This process allegedly led to the firings of more than 600 people in 2013. The system works by first having managers rank their employees into five categories, each with a quota: greatly exceeds expectations (10 percent of employees), exceeds (25 percent), achieves (50 percent), occasionally misses (10 percent), and misses (5 percent). Two “misses” ratings in recent quarters can result in termination. Many managers see this system as a forced curve, though Mayer contends the rankings instead serve as guidelines.

Anonymous postings on an internal message board suggested that managers did not agree with Mayer. Here is what one manager had to say:

“I was forced to give an employee an occasionally misses, [and] was very uncomfortable with it. Now I have to have a discussion about it when I have my QPR meetings. I feel so uncomfortable because in order to meet the bell curve, I have to tell the employee that they missed when I truly don’t believe it to be the case. I understand we want to weed out mis-hires/people not meeting their goals, but this practice is concerning. I don’t want to lose the person mentally. How do we justify?”⁸⁸

Other employees felt the system was vulnerable to human bias and was not fairly applied across levels of management. One commented:

“Will the ‘occasionally misses’ classification apply to L2 and L3 execs also? At every goals meeting, we find Page 76senior staff who missed even the 70 percent goals. Thus, by definition, they should be classified as ‘occasionally misses.’ Two such classifications, and that person should be let go, amiright? How about we set an example for the rest of the company and can a few of the top execs who miss (or who sandbag their goals to make sure they ‘meet’)?”⁸⁹

Employees have become even more fearful of the process given the number of layoffs.

Sadly, employee morale does not appear to be improving. Surveys conducted by Glassdoor revealed that “only 34 percent of Yahoo!’s current employees foresee the company’s fortunes improving. That compares to 61 percent at tanking, scandal-struck Twitter and 77 percent at Google.”⁹⁰

Another issue that may be causing feelings of inequity involves Mayer’s compensation package. “Executive pay at Yahoo! is essentially based on Alibaba’s stock price,” which is outside her control: Yahoo! has a 15 percent stake in Chinese web giant Alibaba, valued at $25.7 billion. “Of Mayer’s $365 million pay over five years, only 3.3 percent will actually be affected by her performance.”⁹¹ This policy goes against the common managerial practice of paying people for their performance.

So where does this leave Mayer and Yahoo! as a whole? Broadly speaking, threats of layoffs continue. The company, which lost $4.4 billion in the last quarter of 2015, announced it would lay off 15 percent of its workforce in 2016.⁹² Under pressure from investors such as Starboard Value LP, Yahoo sold its core business to Verizon Communications Inc. for $4.83 billion in 2016. The sale included Yahoo’s e-mail business, websites dedicated to news, finance, and sports; advertising tools; real estate; and some patents. It does not include “Yahoo’s cash or its shares in Alibaba Group and Yahoo Japan. After the deal closes, these assets will become a publicly traded investment company with a new name.”⁹³

APPY THE 3-STEP PROBLEM-SOLVING APPROACH TO OB

Step 1: Define the problem.

Step 2: Identify causes of the problem

Step 3: Make recommendations for solving the problem. Consider whether you want to resolve it, solve it, or dissolve it, Which recommendation is desirable and feasible?

Given demand curve for Silvana Chocolates Company ( SCC ) QD = 10,000 - 25P.

a. How many Bars could be sold for $100?

b. At what price would SCC sales fall to zero?

c. What is the total revenue (TR) equation for SCC in terms of output, Q? What is the marginal revenue equation in terms of Q?

d. What is the point-price elasticity of demand when P = $150 ? What is total revenue at this price? What is marginal revenue at this price?

e. Suppose that the price of SCC rose to P = $250.What would be the new point-price elasticity of demand? What is total revenue at this price? What is marginal revenue at this price?

f. Suppose that the supply Curve of SCC is given by the equation QS = -5,000 + 50P.What is the relationship between quantity supplied and quantity demanded at a price of $300?

g. In this market, what is the equilibrium price and quantity?

Fairway Corporation is a large Canadian company with offices in all major cities. Business has been booming lately and the company is having difficulty dealing with the large increase in information. These issues have resulted in customer complaints about poor service and complaints from the sales department about being unable to get updated product information for their sales clients. The company needs to learn how to better manage information. A large new competitor has just entered the Canadian market and Fairway Corporation needs to focus on ways to keep their long time customers and find new customers. They have decided that they need someone with business experience to help them. You are a business expert and knowledge worker and you have studied Busi 237. Using the terms and concepts from your textbook explain what Fairway Corporation needs to do to fix their problems.