According to local Turkish bookstore:

general info about the bookstore:

Remzi Bookstore was founded in 1927 by Remzi Bengi (1907-1978). The bookstore first started operating with a bookstore in Istanbul Beyazıt. As of publishing house, his first book is Ömer Seyfettin's “High Heels”. At the end of 1929, Ankara Caddesi was moved to the Babıali Branch at 93.

Then the important names of the literary world gathered around Remzi Bookstore and most of their first books or maturity works were published by Remzi Bookstore: Nâzım Hikmet, Hasan Âli Yücel, Yakup Kadri Karaosmanoğlu, Halide Edip Adıvar, Sabahattin Ali, Yaşar Kemal, Mustafa Nihat Özön, Hasan Ali Ediz , Falih Rıfkı Atay, Suut Kemal Yetkin, Orhan Kemal, Fakir Baykurt, Tarık Buğra, Kemal Tahir, Şevket Süreyya Aydemir, Halikarnas Balıkçısı, Necati Cumalı, Orhan Hançerlioğlu, Muzaffer İzgü, İlhan Selçuk, Tarık Dursun K., Adalet Ağaoğlu, Peride Celal , Emre Kongar, Cemal Yıldırım, Murathan Mungan, Erhan Bener, Enis Batur, Buket Uzuner, Şakir Eczacıbaşı, Jak Deleon, Atilâ Dorsay, Mario Levi, Feyza Hepçilingirler, Ayşe Kulin, Zülfü Livaneli, Hıfzı Topuz, Onur Öymen, Refik Erduran, Adnan Turani, Acar Baltaş, Zuhal Baltaş, Haluk Yavuzer, Doğan Cüceloğlu, Mahfi Eğilmez and Leyla Navaro are among these authors. Remzi Kitabevi is the first publishing house to create a translation series from world writers after the transition to the Latin alphabet, except for the copyright works it published. In 1937, the “Translation Series from the World Writers” was started 3 years before the Classics of the Ministry of Education (White Coated). It has been published. Remzi Bookstore, which has published about 4000 books since its establishment, is now managed by Remzi Bengi's son-in-law, Erol Erduran, and his grandchildren Ömer Erduran and Ahmet Erduran.

Today, the publishing house starts from the literary works of the Turkish Authors and works on Artbooks, Essays, Memoirs, Philosophy and Intellectual works, Translation Bestseller, Business and Management Books, Culinary Books, Home-Family-Society, Personal Development and Psychology books, various children's books and cartoon books. There is a wide range of publications ranging from.

Remzi bookstore started new ventures in retail book sales in 1993 and after the Akmerkez branch in Istanbul at the beginning of 1994, Nişantaşı, Suadiye, Kanyon, Zorlu Center; Armada in Ankara; Konak and Agora branches were opened in İzmir. There are also cafes in Akmerkez, Suadiye, Kanyon and Zorlu branches. Apart from various Turkish publications, many kinds of foreign publications, especially English, are exhibited in these sales points.

Remzi bookstore has been the pioneer of cultural publishing for 93 years, at the same time, it offers foreign products to the reader as well as Turkish books with its widespread bookstore network.

1.what are the strategically relevant components of the macro-environment?

-2. How strong are the industry's competitive forces?

-the competitive force of buyer bargaining power

-the competitive force of substitute products

-the competitive force of supplier bargaining power

-the competitive force of supplier bargaining power

-the competitive force of potential new entrants

-the competitive force of rivalry among competing sellers

-collective strengths of the five competitive forces and industry profitability

summarize

Behaviorist theory, which is basicalIy a psychological theory in its essence, founded by J.B. Watson, is actualIy a theory of native lan- guage learning, advanced in part as a reaction to traditional grammar. The supporters of this theory are Leonard Bloomfield, O.N. Mowrer, B.F. Skinner, and A.W. Staats. Behaviorism was advanced in America

as a new approach to psychology in the early decades of the 20th-cen- tury by making a particular emphasis on the importance of verbal be- havior, and received a considerable trust from the educational world of 1950s.

The m~jor principle of the behaviorist theory rests on the analyses of human behavior in observable stimulus-response interaction and the association between them. E.L.T. Thorndike was the first behaviorist to explore the area that learning is the establishment of associations on particular process of behavior and consequences of that behavioL Ba- sically, "the behaviorist theory of stimulus-response learning, particu-. larly as developed in the operant conditioning model of Skinner, con- siders all learning to be the establishment of habits as a result of rein- foreement and reward" (Wilga Rivers, 1968, 73). This is very reminis- cent of Pavlov's experiment which indicates that stimulus aLL(~response work together. According to this category, the babies obtain native language habits via varied babblings which resemble the appropriate words repeated by a person or object near him. Since for his babblings

and mutterings he is rewarded, this very reward reinforces further articulations of the same sort into grouping of syllables and words in a similar situation. In this way, he goes on emitting sounds, groups of sounds, and as he grows up he combines the sentences via generalisations and analogy (as in *goed for went, *doed, for did, so on), which in some complicated cases, condition him to commit errors by articulating in permissible structures in speech. By the age of five or six, or babblings and mutterings grow into socialized speech but little by little theyare internalized as implicit speech, and thus many of their uttarences be- com e instinguishable from the adults. This, then, obviously, means that behavio?rist theory is a theory of stimulus-response psychology.

"Through a trial-and-error process, in which acceptable uttarences are reinforced by comprehension and approval, and un acceptable ut- tarences are inhibited by the lack of reward, he gradually learns to make finer and finer discriminations until his uttarences aproximate more and more dosely the speech of the community in which he is growing up

(Wilga M. Rivers, 1968; 73). To put it in other words, children develop anatural affinity to learn the language oftheir social surroundings whose importance both over language learning and teaching must never be underestimated. In this respect behaviorist theory stresses the fact that "human and animallearning is a process of habit formation. A highly complex learning task, according to this theory may be learned by being broken' down into smaIl habits. These are formed correct or incorrect responses, are rewarded or,punish€d, respectiveli'. (Hubbard Jones

In 1989, Mr Chan Wing On and Mr. Yuen Chi Ming among others founded their first restaurant under the “Tai Hing” brand in Sai Wan Ho, Hong Kong. Through years of development and integrating traditional and innovative business philosophies, Tai Hing Group Holdings (太興集團控股有限公司) gradually expanded from a humble siu mei style restaurant to one of the largest multi-brand casual dining restaurant operators in Hong Kong and established a chain of over 200 restaurants across Hong Kong, Mainland China, Macau and Taiwan. By adopting a multi-brand business model when expanding the market, in addition to the flagship “Tai Hing” brand restaurant, the group has grown their brand portfolio through a mixture of in-house development, acquisitions and licensing including the Taiwanese themed “TeaWood”, “Trusty Congee King”, “Men Wah Bing Teng”, “Phở Lê”, “Tokyo Tsukiji”, “Fish & Farmer”, “ Rice Rule” , “Hot Pot Couple” , “King Fong Bing Teng”and "Asam Chicken Rice". With its core values of “People Oriented”, “Value Every Customer”, “Focus on Quality”, and “Create New Chances” and its implementation of a stringent “5-S” management system aimed to Structuralize, Systemize, Sanitize, Standardize, and Self-discipline, Tai Hing has been the recipient of numerous awards as recognized by professional judges and the general public for its quality products, friendly services, and comfortable dining environment.

        To facilitate and streamline food production across its restaurants in Hong Kong, Tai Hing Group owns its own independent production and logistic center that sets a highly standardized production process and allows employees to provide close control over product development and production process to achieve the highest quality in its food products. In 2008, Tai Hing Group established a large food factory in Fo Tan in 2008 that boasts an area of approximately 158,414 square feet and currently supports all of their restaurants in Hong Kong.

        In 2016, to improve the standardization and effectiveness of the operations in Mainland China, the Group commenced construction of the Mainland China Food Factory, which commenced operation in October 2018 and houses an approximate gross floor area of 253,430 square feet. It mainly produces cured meat, frozen products and canned milk tea. It is estimated that the Mainland China Food Factory is able to support approximately 200 restaurants in Mainland China and the production of certain products for its restaurants in Hong Kong.

        The Group’s Food Factories enables the centralization of the food ingredients and supplies purchasing, food processing, quality control of raw materials, semi-processed or processed food ingredients, as well as packaging, warehousing and distribution functions. Additionally, as food safety and quality are the Group’s highest priorities, the Group applies the food safety and quality management principles embodied in various quality standards issued by the ISO in the Food Factories quality control system, and has quality assurance personnel implementing quality control policies and procedures. For example, the siu mei production unit of Tai Hing Group’s Hong Kong Food Factory has obtained ISO 22000 accreditation for food safety and quality management system in 2013. The Group’s quality control team oversees quality control at each stage of food processing in accordance with the formulated food processing procedures and HACCP (Hazard Analysis Critical Control Point) standard to ensure food safety.

        In local Hong Kong, although customers typically have a high demand for good quality casual dining experiences, Tai Hing’s Hong Kong business has been challenging since late May of 2019 due to political unrest and the subsequent emergence of Covid-19. Weak market sentiment impacted the quick service restaurant business and casual dining brands, particularly the dinner segment and weekend sales, as well as outlets located in shopping and commercial areas. In the year ended December 31 of 2019, although Tai Hing’s revenue increased by approximately 4.0% to HK$ 3,252.3 million (2018: HK$ 3,126.1 million), due to increased staff costs, depreciation and amortization, and other increased costs and expenses, the net profit for the year ended 31 December 2019 was only HK$76.9 million (2018: HK$304.9 million).

        According to figures published by the Census and Statistics Department, the value of total restaurant receipts in July to September decreased HK$3500 million compared to the same quarter in 2018. Although the fast food restaurant sector still recorded incremental growth, the economic hardships inflicted by the coronavirus pandemic predict tough times ahead for the casual dining industry. Given customers’ increasing sensitivity to price, the Tai Hing Group will be very cautious on price adjustment.

        The Tai Hing Group expects market sentiment may take some time to improve, especially in a highly competitive restaurant industry in Hong Kong. Whilst taking a prudent approach in managing cash flow, controlling costs and improving productivity, they will continue to focus on customer service and dining experience, as well as product quality, which will drive same store sales growth. Hong Kong is the Group’s key market, and Tai Hing Group is committed to striving to incorporate innovative methods to support its industry’s development by actively exploring opportunities to adopt automated food processing machines in restaurants, creating a safer and healthier working environment, and increasing operational efficiency to ensure consistency in dish portion and quality.

Question: Given the background and position of Tai Hing Group, use your knowledge of different types of strategies to make 3 strategic recommendations for Tai Hing Group Holdings to achieve strategic competitiveness. Support your recommendations with well-developed arguments and appropriate examples.

Facts: Casey Jones is a 2012 graduate of Tulane University Law School and admitted to practice law in the state of Louisiana. He has been employed by the family general practice law firm of Jones, Jones, and Jones since graduating law school. The firm’s three partners are Casey’s mother, father and uncle. Casey is one of seven other lawyer associates in the firm, which includes a cousin, and five other unrelated persons. There are also 5 non-lawyer clerical staff. No one at the firm has any specialized training in tax matters, but Casey has been trying to handle at least some simple tax issues for the firm. The partners had decided that it would be very good for business if they could establish a tax practice specialty within the firm. As a result, the firm sent Casey to the LL.M (tax) program at the NYU law school to earn an LL.M. degree in taxation. He attended from September 2018 to June 2019, at which time he graduated with the degree of Master of Laws in Taxation (LL.M). While he attended the program in New York the firm continued to pay him his $125,000. per year salary, his tuition and fees of $63,000 and $34,000 of living expense for rent and food at one of the NYU Law School dormitories, as well as his travel expenses to and from New York. Half was paid in 2018 and 2019. Upon graduation he returned to his firm’s New Orleans offices where he worked to establish their tax department. It is now time to file his return for 2019.

Questions:

1. What are the tax effects, if any, of these transactions on Casey and his law firm?

2. Would the result be any different if Casey were a CPA graduate of Tulane’s business school with a BA degree in accounting, and the degree he earned at NYU was a Masters in Tax in accounting in their business school, and Jones, Jones and Jones was a CPA firm?

For each of the transactions below, record whether it would result in an increase or decrease in assets, liabilities, and net assets. Provide an answer for assets, liabilities, and net assets for each of the following transactions.

An organization:

Earns revenue

Receives a donor pledge

Purchases supplies with cash

Purchases supplies on account

Takes out a loan

Repays loan principal

Receives payment on a pledge

Makes a payment on an amount it owes

Prepays for insurance

Uses prepaid insurance

Uses supplies

Uses a capital asset

Receives cash in advance of providing goods or services goods or services to a client.

Provides goods and services to a client in exchange for a cash payment that was made in advance.

Employs workers who earn wages

Pays employee wages that have been earned

Deems a portion of a pledge is uncollectible

Pays interest on a loan

Robin is a young hairstylist who decided to open her own beauty salon. She withdrew $30,000 out of her personal savings account and used it to start her new salon. The savings account pays 8 percent interest per year. She also had to quit her job as a hairstylist’s assistant that paid $40,000 a year. Furthermore, Robin had to take over an office space that she owns and rents to someone else for $20,000 a year. Finally, she spent $15,000 for materials, $5,000 for utilities, and $45,000 for an assistant, but during the first year of her beauty salon, Robin earned a total revenue of $250,000.

a.[2 points] Find Robin’s accounting profit. b.[3 points] Find Robin’s economic profit.

For each of the transactions below, record whether it would result in an increase or decrease in assets, liabilities, and net assets. Provide an answer for assets, liabilities, and net assets for each of the following transactions.

An organization:

Earns revenue Receives a donor pledge

Purchases supplies with cash

Purchases supplies on account

Takes out a loan

Repays loan principal

Receives payment on a pledge

Makes a payment on an amount it owes

Prepays for insurance

Uses prepaid insurance

Uses supplies

Uses a capital asset

Receives cash in advance of providing goods or services goods or services to a client.

Provides goods and services to a client in exchange for a cash payment that was made in advance.

Employs workers who earn wages

Pays employee wages that have been earned

Deems a portion of a pledge is uncollectible

Pays interest on a loan

1. Ten years ago, your friend’s mum wrote an Indian-Italian fusion cookbook which has become a global bestseller. She has been receiving annual royalties based on revenues reported by the publisher. These revenues started at $1 million in the first year and grew steadily by 5% per year. Her royalty rate has been 15% of the revenues. Recently, she hired an auditor who discovered that the publisher had been under-reporting the revenues. The book had actually earned 10% more in annual revenues than had been reported on her royalty statements. Assuming the publisher pays an interest rate of 4% p.a. on missed annual payments, the money owed by the publisher is closest to: (a)$136,888. b) $150,634. c) $222,976. d) $245,367

Micromedia offers computer training seminars on a variety of topics. In the seminars each student works at a personal computer, practicing the particular activity that the instructor is presenting. Micromedia is currently planning a two-day seminar on the use of Microsoft Excel in statistical analysis. The projected fee for the seminar is $600 per student. The cost for the conference room, instructor compensation, lab assistants, and promotion is $9600. Micromedia rents computers for its seminars at a cost of $60 per computer per day.

a) Develop a model for the total cost to put on the seminar. Let ? represent the number of students who enroll in the seminar.

b) Develop a model for the total profit if ? students enroll in the seminar.

c) Micromedia has forecasted an enrollment of 30 students for the seminar. How much profit will be earned if its forecast is accurate?

d) Compute the breakeven point.

Problem 2 - Use of Ratios to Make Other Calculations You have a company that currently has a market capitalization of $4.6 billion It has a market to book ratio of 3 and a book debt to equity ratio of 6. If cash is $1.1 billion, what is the company's enterprise value?

Solution:

Discussion of the Dupont Formula

The Dupont Formula is a way of disaggregating the components of ROE

ROE = Net Margin X Asset Turnover X Equity Multiplier

We know by definition, ROE = Net Income / Book Equity

Dupont shows us:

We also know by definition, ROA = Net Income / Assets

Dupont shows us: