Mini-Case Study:

Coca-Cola Enterprises provides us with a good example of a company that has several types of plants. Coca-

Cola operates factories that produce both raw materials and finished goods. Some factories produce the syrup that forms the basis of the Coca-Cola products you are familiar with. Other factories combine the syrup with carbonated water during the bottling process to make the finished Coca-Cola products. The finished goods, which consist of cases of bottles and cans of Coca-Cola products, are then shipped to regional distribution centers for storage until they are transported to end customers, such as retailers. The syrup factory, the bottling factory, and the distribution center are all considered plants in Coca-Cola’s SAP ERP system.

Q1. Briefly describe the key business processes and the related materials and plants to deliver the finish good to the end customers in Coca-Cola Enterprises.

Q2. Explain the benefits of the enterprise systems in supporting end-to-end processes and in avoiding the silo effect within Coca-Cola Enterprises.

Steven’s Stationery a well-known stationary store in town .The business maintains individual inventory records for each merchandise they are selling. The following information has been extracted from the records of Steven’s Stationery about one of its popular products. There are 50 units at the beginning of October costing $ 30 each. Date Purchase Date Sales October-09 100 units @ 28 October-11 100 units @ 50 October-17 70 units @ 27 October-15 20 units @ 50 October-25 80 units @ 26 October-29 110 units @ 50

Required:

a. Determine the cost of goods sold, ending inventory and gross profit for the month ended October, assume company opts FIFO as a cost flow assumption.

b. Assume Steve has an objective to save taxes, Keeping the price trends of purchases Do you think company has opted the right cost flow assumption? Why or why not.

c.Assume the value of ending inventory is mistakenly overstated by $ 500, how this error effects (over or understates) the following for the period

I.Cost of goods sold

II.Gross profit

d.Equity.Can we apply the idea of inventory shrinkage in this company? If yes record the inventory shrinkage assume a physical count indicates there are 80 units on hand on October 31.

the W's scientist at a pharmacy firm conducted an experiment of study the effectiveness of an herbal compound to treat common cold. individual was exposed to a cold virus, they was given herb or sugar solution. after several days they check each person condition, using a cold severity scale ranging from 0 to 5. no evidence of benfit of the compound

Suppose that a researcher had estimated the first 5 autocorrelation coeffcients using a series of length 100 observations, and found them to be (from 1 to 5): 0.207, -0.013, 0.086, 0.005, -0.022.
Test each of the individual coefficient for significance, and use both the Box-Pierce and Ljung-Box tests to establish whether they are jointly significant.

Suppose there are n = 100 firms in the market each with the cost function is C(y) = 5 + y + 0.5y^2. What is the inverse market supply curve? What is the market supply curve? Draw the market supply curve. (Hint: Go from individual supply to market supply. Finish by getting inverse market supply.)

1. Under the Capital Retention (Preservation) method, how much life insurance coverage does an individual need if the survivors’ desired annual income is $85,000, the expected annual income from invested assets is $15,000, the expected annual Social Security income is $20,000 and the life insurance proceeds can earn an 8% rate of return?

• What are some factors contributing to the rise in veganism? Is it just a fad? Would you consider following a vegan diet? Why or why not?
  • Think of the menu at your favorite restaurant. What are the options you would have to choose from if you were a vegetarian? How about vegan?
  • What challenges do you think you would experience socializing with friends and family if you decided to follow a strict vegetarian diet?  
• Why do carefully planned vegetarian diets help reduce the risk of chronic diseases? What are the risks of a poorly planned vegetarian/vegan diet?  
• Most of us will not choose to become vegetarian, but many of us would benefit from a diet of less meat. Discuss two ways you could alter your diet so that you eat less meat and include more plant-based sources of protein on a daily basis.

1. The scientific method of determining the age of the solar system

a. uses the detailed record of impacts on the moon to determine the age of the solar system.

b. shows that the age of the solar system is nearly 14 billion years.

c. uses the current surface temperature of the sun and the rate at which this temperature is decreasing.

d. uses measurements of the proportions of various isotopes in meteorites.

2. Which of the following gives the best reason as to why it is difficult to learn about extrasolar planets.

Use the following information to answer the next three questions.

Transactions between Japan and the rest of the world in 2019 are shown below.

1. The Japanese government sells 75 million yen worth of treasury securities to foreign investors.
2. Japanese companies purchase 500 million yen of steel from Canada.
3. Japanese automobile manufacturers sell 600 million yen worth of cars abroad.
4. PQU bank (Japanese firm) receives 20 million yen in interest from US investments.
5. Japanese citizens spend 125 million yen in tuition at US universities.
6. Japanese government buys 10 million euros in the FX market.
7. Japan gives 60 million yen in aid to Haiti.

Find the current account balance and express it in terms of millions of yen (EX: enter 2 if the answer is 2,000,000). Do not use currency symbols or words when entering your response.

3. Critically and briefly describe the following conventional monetary policy tools and policy target and their relative effectiveness in controlling business cycle fluctuations such as state of recession and/or state of inflation. How do they operate during recession and inflation? Draw AD-AS diagram of macroeconomics model to illustrate your explanation in words.

• Reserve Requirements
• Discount Rate
• Open Market Operations
• Federal Fund Rate (Policy target)

5. Distinguish between budget deficit and public debt with an example from actual data from the US government budget office discussed in the beginning of this chapter. Give at least three reasons why the budget deficit and public debt has been continuously rising since 2001.
6. Give at least two reasons why balanced budget approach for the US economy is not a realistic approach in the short-run despite a political advocacy to bring the budget to balanced budget?