Answer the following questions with reference and citations:
1. Explain why consumer market testing might not always be beneficial.
2. Discuss the dilemma faced by all firms of trying to listen to customers’ needs and wants and, yet, also trying to develop new products for those customers that they do not yet serve.
3. Discuss the many reasons why so many new products fail. Are there additional reasons?
In: Operations Management
Instructions:
Your two responses to other posts should each be approximately 250 words and cause the original writer (and other students) to think deeper about that scenario and the ethical and integrity issues discussed. You should, again, use the list of ethical dimensions below as focus areas for your responses. Responses are not comments on the author's writing ("Good post, it really made me think." or "I wouldn't have done that because it's not right.") The due date for these two responses (and hopefully your replies to other student responses to your posts) is March 1 (the Part 2 due date). This is the due date that will show in eCourseware’s calendar.
Responses to this:
I would report the shady, dangerous work. How I would go about doing it is making sure that I have all the evidence that I need to prove that the other company is doing some shady, dangerous work then report it to the proper authorities. The reason that I would want to report the problem is because of the possible legal trouble that all of the companies involved in the project could face and I wouldn’t want my company to be seen as responsible or a contributor to the problem. Even if you don’t report the problem and you were involved in the project where the issue came from, you could possibly face some or even the same penalties that the company doing wrong will face. Its more trouble than its worth to not report the problem and not prevent anything else bad from happening as soon as you can. To take care of the legal issues that come with being involved could, and possibly can, cost more than 20% of your revenue that you can lose by reporting the problem. Based off of that assumption it’s better to just report the issue as early as you can to minimize the negative affects it can have on the project or your company itself. Why that was my decision is because of the safety for the business, our customers, employees, and anyone else that can be affected by the dangerous work. Peoples safety, whether that be my own employees, our customers, etc., is a top priority.
The decision of reporting the problem is still a good decision in my opinion (regardless of people’s sex, race, skin color, native language, monetary outcome, etc.) because it stops a problem that can do more harm than good. I feel that when one person’s sense of correct ethical behavior overrules another person’s ethical behavior is when people’s safety, well-being, and company reputation is at risk. One person’s views are going to be very different (or even the opposite) of the next persons. In some cases, what may seem “correct” or “ethical” to some is actually harmful and dangerous to those that the issue affects. If you and your company are more worried about making sure that the products sell instead of the safety of said products and safety of your employees what does that say about your ethics and values? This can create a bad reputation for the company and result in loss of revenue among other issues. Above all human safety and doing the right thing should be a top priority for all companies. My personal sense of right and good for others can be an accurate yardstick. But as I mentioned earlier what you may think is right for everyone may not be the case or others may see it as the opposite of what you want it to be. When it can be an accurate yardstick is when the outcome of my views of right and good for others has a major positive impact or at least leads whatever the case may be in the right direction to create some good.
In: Accounting
Some accounting questions I have on Capital Assets:
1. Rocky Company trades equipment with a book value of $24,970 for new equipment with a list price of $103,850. $77,880 cash is paid and there is a $25,970 trade-in allowance. There is a well established market for the old equipment traded in. The fair market value of the old equipment is $23,970. What amount of gain or loss will be recorded by Rocky?
$1,000 gain
$1,000 loss
$0 gain or loss
None of the other alternatives are correct
$25,970
2.
Tiki Company has a building that cost $2,000,000 new and is 50% depreciated. The market value of the building is $3,000,000 at year end. Tiki will show on its year end balance sheet
The building at cost
The building at net book value
None of the above
The building at market
The building at both cost and net book value
3.
In: Accounting
A company sells 1,200 units during the first quarter of the year at a selling price of $25 per unit. In addition, the company has a beginning inventory of 600 units that were purchased at $10 per unit, and the following purchases and sales.
Date Units sold Units purchased Cost per unit
January 10 300 $11
January 25 450
February 7 400 $12
February 14 200
March 5 300 $14
March 27 550
If the company uses a periodic inventory system and the weighted average cost method of inventory valuation, then what is the company's ending inventory?
| a. |
$5,400 |
|
| b. |
$4,600 |
|
| c. |
$4,575 |
|
| d. |
$4,200 |
|
| e. |
$4,000 |
In: Accounting
On January 1, 2017, Pronghorn Company purchased 10% bonds having a maturity value of $380,000, for $410,343.38. The bonds provide the bondholders with a 8% yield. They are dated January 1, 2017, and mature January 1, 2022, with interest receivable January 1 of each year. Pronghorn Company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified in the held-to-maturity category.
Prepare the journal entry at the date of the bond purchase.
Prepare a bond amortization schedule.
Prepare the journal entry to record the interest revenue and the amortization at December 31, 2017.
Prepare the journal entry to record the interest revenue and the amortization at December 31, 2018
In: Accounting
On January 1, 2021, the Apex Company exchanged some shares of common stock it had been holding as an investment for a note receivable. The note principal plus interest is due on January 1, 2022. The 2021 income statement reported $4,620 in interest revenue from this note and a $7,500 gain on sale of investment in stock. The stock’s book value was $31,000. The company’s fiscal year ends on December 31.
Required: 1. What is the note’s effective interest rate?
2. Reconstruct the journal entries to record the sale of the stock on January 1, 2021, and the adjusting entry to record interest revenue at the end of 2021. The company records adjusting entries only at year-end.
In: Accounting
On January 1, 2017, Monty Company purchased 9% bonds having a maturity value of $290,000, for $313,782.32. The bonds provide the bondholders with a 7% yield. They are dated January 1, 2017, and mature January 1, 2022, with interest receivable January 1 of each year. Monty Company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified in the held-to-maturity category.
Prepare the journal entry at the date of the bond purchase.
Prepare a bond amortization schedule.
Prepare the journal entry to record the interest revenue and the amortization at December 31, 2017.
Prepare the journal entry to record the interest revenue and the amortization at December 31, 2018.
In: Accounting