In FY 2007, what Lovallo & Sibony counter-balancing practice did the Blockbuster Board deploy? What cognitive bias was the practice intended to address? What is Blockbuster's value proposition and what L&S cognitive bias best describes it? Select the single best available answer from those presented below.
A) Shaking things up by firing Mr. Antioco and hiring Mr Keyes as CEO; Anchoring and insufficient adjust bias; a value-priced entertainment experience, combining the broad product depth of a specialty retailer with local neighborhood convenience; inappropriate attachment.
B) Purchased MovieLink, LLC; Champion bias; a value-priced entertainment experience, combining the broad product depth of a specialty retailer with local neighborhood convenience; inappropriate attachment.
C) Shaking things up by firing Mr. Antioco and hiring Mr Keyes as CEO; Anchoring and insufficient adjust bias; 4,855 stores in the United States; Overconfidence.
D) Purchased MovieLink, LLC; Excessive Optimism; a value-priced entertainment experience, combining the broad product depth of a specialty retailer with local neighborhood convenience; inappropriate attachment.
In: Economics
On Jan 1, 2017, NSP Corporation, a calendar year, accrual basis C corporation was organized and began business operations. NSP provides network security protection services for businesses. During 2017, it had financial income (per books) before tax of $1,000,000.
The following items were expensed in the arriving at NSP’s 2017 financial income (per books):
-$20,000 of organization costs to organize the corporation; the federal tax amortization amounted to $6,000.
-$20,000 increase to its allowance for doubtful accounts; actual bad debts written off amounted to $5,000.
-$100,000 straight ling financial depreciation; total federal depreciation amounted to $500,000.
-$7,000 life insurance premium paid on a key officer of the corporation.
-$5,000 political contribution maid to a candidate running for a seat in the United States of House of Representatives.
-$20,000 of meals and entertainment expenses.
1) Identify which of NSP’s 2017 items listed above are permanent book/tax differences and which are temporary book/tax differences.
2) What is NSP Corp’s 2017 federal taxable income and federal income tax liability? Please show your work and explain your calculations.
In: Accounting
High Country, Inc., produces and sells many recreational products. The company has just opened a new plant to produce a folding camp cot that will be marketed throughout the United States. The following cost and revenue data relate to May, the first month of the plant’s operation:
| Beginning inventory | 0 | |
| Units produced | 47,000 | |
| Units sold | 42,000 | |
| Selling price per unit | $ | 76 |
| Selling and administrative expenses: | ||
| Variable per unit | $ | 2 |
| Fixed (per month) | $ | 564,000 |
| Manufacturing costs: | ||
| Direct materials cost per unit | $ | 17 |
| Direct labor cost per unit | $ | 8 |
| Variable manufacturing overhead cost per unit | $ | 3 |
| Fixed manufacturing overhead cost (per month) | $ | 705,000 |
Management is anxious to assess the profitability of the new camp cot during the month of May.
Required:
1. Assume that the company uses absorption costing.
a. Determine the unit product cost.
b. Prepare an income statement for May.
2. Assume that the company uses variable costing.
a. Determine the unit product cost.
b. Prepare a contribution format income statement for May.
In: Accounting
During the U.S. financial crisis of 2007 the U.S. government pursued an expansionary macro economic policy. The role of government expanded and huge sums of money was pumped into the economy. On top of that the Federal Reserve lowered interest rates to historical lows in order to create liquidity in the credit markets. The Fed's action of pumping $600 billion gradually into the economy was met with much skepticism from Asian and European nations.
At the time, Germany stated the United States is forcefully lowering the value of the dollar by pumping more money into the economy and the Fed's action is no different than China manipulating the yuan. The EU feared the U.S.'s monetary easing will put increased pressure on weak European economies (the PIIGS - Portugal, Ireland, Italy, Greece, & Spain) and cause their currencies to appreciate in relation to the dollar.
Emerging market nations (India, China, Vietnam, Thailand, and South Korea) believed the lowering of the value of the dollar would cause huge captial inflows that risked creating inflation in their economies.
Was Germany and Europe's concerns valid? Should the rest of the world fear the possibility of the dollar being valued less than their home currencies?
In: Economics
High Country, Inc., produces and sells many recreational products. The company has just opened a new plant to produce a folding camp cot that will be marketed throughout the United States. The following cost and revenue data relate to May, the first month of the plant’s operation:
| Beginning inventory | 0 | |
| Units produced | 40,000 | |
| Units sold | 35,000 | |
| Selling price per unit | $ | 76 |
| Selling and administrative expenses: | ||
| Variable per unit | $ | 4 |
| Fixed (per month) | $ | 567,000 |
| Manufacturing costs: | ||
| Direct materials cost per unit | $ | 15 |
| Direct labor cost per unit | $ | 8 |
| Variable manufacturing overhead cost per unit | $ | 1 |
| Fixed manufacturing overhead cost (per month) | $ | 680,000 |
Management is anxious to assess the profitability of the new camp cot during the month of May.
Required:
1. Assume that the company uses absorption costing.
a. Determine the unit product cost.
b. Prepare an income statement for May.
2. Assume that the company uses variable costing..
a. Determine the unit product cost.
b. Prepare a contribution format income statement for May..
In: Accounting
High Country, Inc., produces and sells many recreational products. The company has just opened a new plant to produce a folding camp cot that will be marketed throughout the United States. The following cost and revenue data relate to May, the first month of the plant’s operation:
| Beginning inventory | 0 | |
| Units produced | 37,000 | |
| Units sold | 32,000 | |
| Selling price per unit | $ | 81 |
| Selling and administrative expenses: | ||
| Variable per unit | $ | 2 |
| Fixed (per month) | $ | 555,000 |
| Manufacturing costs: | ||
| Direct materials cost per unit | $ | 14 |
| Direct labor cost per unit | $ | 9 |
| Variable manufacturing overhead cost per unit | $ | 2 |
| Fixed manufacturing overhead cost (per month) | $ | 666,000 |
Management is anxious to assess the profitability of the new camp cot during the month of May.
Required:
1. Assume that the company uses absorption costing.
a. Determine the unit product cost.
b. Prepare an income statement for May.
2. Assume that the company uses variable costing.
a. Determine the unit product cost.
b. Prepare a contribution format income statement for May.
In: Accounting
Analyze the heath status of a specific minority group. Select a minority group that is represented in the United States (examples include American Indian/Alaskan Native, Asian American, Black or African American, Hispanic or Latino, Native Hawaiian, or Pacific Islander).
In an essay of 750-1,000 words, compare and contrast the health status of the minority group you have selected to the national average. Consider the cultural, socioeconomic, and sociopolitical barriers to health. How do race, ethnicity, socioeconomic status, and education influence health for the minority group you have selected? Address the following in your essay:
1. What is the current health status of this minority group?
2. How is health prmotion defined by this group?
3. What health disparities exist for this group?
4. Describe at least one approach using the three levels of health promotion prevention (primary, secondary, and tertiary) that is likely to be the most effective given the unique needs of the minority group you have selected. Provide an explanation of why it might be the most effective choice.
Cite a minimum of three references in the paper. Prepare this assignment according to the guidelines found in the APA style guide.
In: Nursing
High Country, Inc., produces and sells many recreational products. The company has just opened a new plant to produce a folding camp cot that will be marketed throughout the United States. The following cost and revenue data relate to May, the first month of the plant’s operation:
| Beginning inventory | 0 | |
| Units produced | 50,000 | |
| Units sold | 45,000 | |
| Selling price per unit | $ | 77 |
| Selling and administrative expenses: | ||
| Variable per unit | $ | 2 |
| Fixed (per month) | $ | 557,000 |
| Manufacturing costs: | ||
| Direct materials cost per unit | $ | 14 |
| Direct labor cost per unit | $ | 7 |
| Variable manufacturing overhead cost per unit | $ | 3 |
| Fixed manufacturing overhead cost (per month) | $ | 750,000 |
Management is anxious to assess the profitability of the new camp cot during the month of May.
Required:
1. Assume that the company uses absorption costing.
a. Determine the unit product cost.
b. Prepare an income statement for May.
2. Assume that the company uses variable costing.
a. Determine the unit product cost.
b. Prepare a contribution format income statement for May.
In: Accounting
Chapter 7 Question 2:
High Country, Inc., produces and sells many recreational products. The company has just opened a new plant to produce a folding camp cot that will be marketed throughout the United States. The following cost and revenue data relate to May, the first month of the plant’s operation:
| Beginning inventory | 0 | |
| Units produced | 44,000 | |
| Units sold | 39,000 | |
| Selling price per unit | $ | 75 |
| Selling and administrative expenses: | ||
| Variable per unit | $ | 3 |
| Fixed (per month) | $ | 561,000 |
| Manufacturing costs: | ||
| Direct materials cost per unit | $ | 15 |
| Direct labor cost per unit | $ | 9 |
| Variable manufacturing overhead cost per unit | $ | 3 |
| Fixed manufacturing overhead cost (per month) | $ | 660,000 |
Management is anxious to assess the profitability of the new camp cot during the month of May.
Required:
1. Assume that the company uses absorption costing.
a. Determine the unit product cost.
b. Prepare an income statement for May.
2. Assume that the company uses variable costing.
a. Determine the unit product cost.
b. Prepare a contribution format income statement for May.
In: Accounting
Instructions
Rather than living in chaos, danger, and the hostility of our neighbors, we find ways to live together. It isn't easy, but can we avoid doing so?
If everybody has self-interest in their own welfare and safety, then everybody also has self-interest in the welfare and safety of others. Self-interest involves community interest, and we must think about what we are willing to give up in order to get that safety and stability for ourselves, our families, our community, our nation, and even the world.
Thomas Hobbes and John Locke are just two examples of social contract moralists. Locke's philosophy helped Thomas Jefferson formulate the United States Declaration of Independence. We are interested in what it means to live together in an orderly way under a social contract.
1.) What is a time when you or someone you know of experienced a conflict between duty to self and loyalty to the community? What would logical reasoning say should be done in that case? Why that? What would an Ethical Egoist say to do? Why would they say to do that? Note what you feel is the best course of action.
In: Nursing