Questions
What sort of jobs can support a middle-class lifestyle in America today? jobs in manufacturing skilled...

What sort of jobs can support a middle-class lifestyle in America today?

jobs in manufacturing

skilled labor

blue-collar work

jobs associated with skilled trades like carpentry

jobs in the service, information, and technology sectors

Which of the following is NOT one of the basic principles of social stratification?

Low-level groups often have access to all the rewards and privileges of higher level groups.

It persists over time.

Different societies base their stratifications on different criteria.

It is maintained through beliefs that are widely shared in a society.

It is a general trend but, within a society, can have exceptions.

The condition that sometimes develops in groups when no dissenting opinions are voiced, allowed or heard is called:

regression toward the mean.

groupthink.

group polarization.

social loafing.

rationalization.

In: Psychology

Amazon Beverages produces and bottles a line of soft drinks using exotic fruits from Latin America...

Amazon Beverages produces and bottles a line of soft drinks using exotic fruits from Latin America and Asia. The manufacturing process entails mixing and adding juices and coloring ingredients at the bottling plant, which is a part of Mixing Division. The finished product is packaged in a company-produced glass bottle and packed in cases of 24 bottles each.

Because the appearance of the bottle heavily influences sales volume, Amazon developed a unique bottle production process at the company’s container plant, which is a part of Container Division. Mixing Division uses all of the container plant’s production. Each division (Mixing and Container) is considered a separate profit center and evaluated as such. As the new corporate controller, you are responsible for determining the proper transfer price to use for the bottles produced for Mixing Division.

At your request, Container Division’s general manager asked other bottle manufacturers to quote a price for the number and sizes demanded by Mixing Division. These competitive prices follow:

Volume Total Price Price per Case
410,000 equivalent casesa $ 2,993,000 $ 7.30
820,000 5,166,000 6.30
1,230,000 6,765,000 5.50

a An equivalent case represents 24 bottles.

Container Division's cost analysis indicates that it can produce bottles at these costs:

Volume Total Cost Cost per Case
410,000 equivalent cases $ 2,491,000 $ 6.08
820,000 4,172,000 5.09
1,230,000 5,853,000 4.76

These costs include fixed costs of $810,000 and variable costs of $4.10 per equivalent case. These data have caused considerable corporate discussion as to the proper price to use in the transfer of bottles from Container Division to Mixing Division. This interest is heightened because a significant portion of a division manager’s income is an incentive bonus based on profit center results.

Mixing Division has the following costs in addition to the bottle costs:

Volume Total Cost Cost per Case
410,000 equivalent cases $ 1,810,000 $ 4.41
820,000 2,610,000 3.18
1,230,000 3,410,000 2.77

The corporate marketing group has furnished the following price–demand relationship for the finished product:

Sales Volume Total Sales Revenue Sales Price per Case
410,000 equivalent cases $ 8,241,000 $ 20.10
820,000 14,842,000 18.10
1,230,000 18,573,000 15.10

Required:

a. Amazon Beverages has used market price–based transfer prices in the past. Using the current market prices and costs and assuming a volume of 1.23 million cases (Enter your answers in thousands of dollars.)

a-1. Calculate operating profits for Container Division.

a-2. Calculate operating profits for Mixing Division.

a-3. Calculate operating profits for Amazon Beverages.

b-1. Calculate operating profits for Container for volumes of 410,000, 820,000 and 1,230,000cases. (Enter your answers in thousands of dollars.)

Which volume of production is the most profitable for Container?

b-2. Calculate operating profits for Mixing for volumes of 410,000, 820,000 and 1,230,000cases. (Enter your answers in thousands of dollars.)

Which volume of production is the most profitable for Mixing?

410,000 cases
820,000 cases

1,230,000 cases

b-3. Calculate operating profits for Amazon Beverages for volumes of 410,000, 820,000 and 1,230,000cases. (Enter your answers in thousands of dollars.)

Which volume of production is the most profitable for Amazon Beverages?

410,000 cases
820,000 cases
1,230,000 cases

In: Accounting

Carter's BBQ Restaurant produces BBQ sauce for resale at grocery stores throughout North America. The company...

Carter's BBQ Restaurant produces BBQ sauce for resale at grocery stores throughout North America. The company is currently in the process of establishing a master budget on a quarterly basis for this coming fiscal year, which ends December 31. Prior year quarterly sales were as follows (1 unit = 1 batch):

First quarter
67,200 units
Second quarter
80,640 units
Third quarter
100,800 units
Fourth quarter
87,360 units
Unit sales are expected to increase 25%, and each unit is expected to sell for $8. The management prefers to maintain ending finished goods inventory equal to 10% of next quarter's sales. Assume that finished goods inventory at the end of the fourth quarter budget period is estimated to be 9,000 units.

Using Excel prepare a sales budget for Carter's BBQ Restaurant using a format similar to Figure 9.3, "Sales Budget for Jerry's Ice Cream." (Hint: Be sure to increase last year's unit sales by 25%.)
Using Excel prepare a production budget for Carter's BBQ Restaurant using the format shown in Figure 9.4, "Production Budget for Jerry's Ice Cream."

In: Accounting

Amazon Beverages produces and bottles a line of soft drinks using exotic fruits from Latin America...

Amazon Beverages produces and bottles a line of soft drinks using exotic fruits from Latin America and Asia. The manufacturing process entails mixing and adding juices and coloring ingredients at the bottling plant, which is a part of Mixing Division. The finished product is packaged in a company-produced glass bottle and packed in cases of 24 bottles each.

Because the appearance of the bottle heavily influences sales volume, Amazon developed a unique bottle production process at the company’s container plant, which is a part of Container Division. Mixing Division uses all of the container plant’s production. Each division (Mixing and Container) is considered a separate profit center and evaluated as such. As the new corporate controller, you are responsible for determining the proper transfer price to use for the bottles produced for Mixing Division.

At your request, Container Division’s general manager asked other bottle manufacturers to quote a price for the number and sizes demanded by Mixing Division. These competitive prices follow:

Volume Total Price Price per Case
590,000 equivalent casesa $ 5,369,000 $ 9.10
1,180,000 9,558,000 8.10
1,770,000 12,921,000 7.30

a An equivalent case represents 24 bottles.

Container Division's cost analysis indicates that it can produce bottles at these costs:

Volume Total Cost Cost per Case
590,000 equivalent cases $ 4,471,000 $ 7.58
1,180,000 7,952,000 6.74
1,770,000 11,433,000 6.46

These costs include fixed costs of $990,000 and variable costs of $5.90 per equivalent case. These data have caused considerable corporate discussion as to the proper price to use in the transfer of bottles from Container Division to Mixing Division. This interest is heightened because a significant portion of a division manager’s income is an incentive bonus based on profit center results.

Mixing Division has the following costs in addition to the bottle costs:

Volume Total Cost Cost per Case
590,000 equivalent cases $ 1,990,000 $ 3.37
1,180,000 2,790,000 2.36
1,770,000 3,590,000 2.03

The corporate marketing group has furnished the following price–demand relationship for the finished product:

Sales Volume Total Sales Revenue Sales Price per Case
590,000 equivalent cases $ 12,921,000 $ 21.90
1,180,000 23,482,000 19.90
1,770,000 29,913,000 16.90

Required:

a. Amazon Beverages has used market price–based transfer prices in the past. Using the current market prices and costs and assuming a volume of 1.77 million cases (Enter your answers in thousands of dollars.)

a-1. Calculate operating profits for Container Division.

Profit

a-2. Calculate operating profits for Mixing Division.

Profit

a-3. Calculate operating profits for Amazon Beverages.

Profit

b-1. Calculate operating profits for Container for volumes of 590,000, 1,180,000 and 1,770,000cases. (Enter your answers in thousands of dollars.)

590,000 cases 1,180,000 cases 1,770,000 cases
Profit

Which volume of production is the most profitable for Container?

590,000 cases
1,180,000 cases
1,770,000 cases

b-2. Calculate operating profits for Mixing for volumes of 590,000, 1,180,000 and 1,770,000cases. (Enter your answers in thousands of dollars.)

590,000 cases 1,180,000 cases 1,770,000 cases
Profit

Which volume of production is the most profitable for Mixing?

590,000 cases
1,180,000 cases
1,770,000 cases

b-3. Calculate operating profits for Amazon Beverages for volumes of 590,000, 1,180,000 and 1,770,000cases. (Enter your answers in thousands of dollars.)

590,000 cases 1,180,000 cases 1,770,000 cases
Profit

Which volume of production is the most profitable for Amazon Beverages?

590,000 cases
1,180,000 cases
1,770,000 cases

In: Accounting

Amazon Beverages produces and bottles a line of soft drinks using exotic fruits from Latin America...

Amazon Beverages produces and bottles a line of soft drinks using exotic fruits from Latin America and Asia. The manufacturing process entails mixing and adding juices and coloring ingredients at the bottling plant, which is a part of Mixing Division. The finished product is packaged in a company-produced glass bottle and packed in cases of 24 bottles each. Because the appearance of the bottle heavily influences sales volume, Amazon developed a unique bottle production process at the company’s container plant, which is a part of Container Division. Mixing Division uses all of the container plant’s production. Each division (Mixing and Container) is considered a separate profit center and evaluated as such. As the new corporate controller, you are responsible for determining the proper transfer price to use for the bottles produced for Mixing Division. At your request, Container Division’s general manager asked other bottle manufacturers to quote a price for the number and sizes demanded by Mixing Division.

Volume Total Price Price per Case
400,000 equivalent casesa $ 2,880,000 $ 7.20
800,000 5,000,000 6.25
1,200,000 6,480,000 5.40

a An equivalent case represents 24 bottles.

Container Division's cost analysis indicates that it can produce bottles at these costs:

Volume Total Cost Cost per Case
400,000 equivalent cases $ 2,400,000 $ 6.00
800,000 4,000,000 5.00
1,200,000 5,600,000 4.67

These costs include fixed costs of $800,000 and variable costs of $4 per equivalent case. These data have caused considerable corporate discussion as to the proper price to use in the transfer of bottles from Container Division to Mixing Division. This interest is heightened because a significant portion of a division manager’s income is an incentive bonus based on profit center results.

Mixing Division has the following costs in addition to the bottle costs:

Volume Total Cost Cost per Case
400,000 equivalent cases $ 1,800,000 $ 4.50
800,000 2,600,000 3.25
1,200,000 3,400,000 2.83

The corporate marketing group has furnished the following price–demand relationship for the finished product:

Sales Volume Total Sales Revenue Sales Price per Case
400,000 equivalent cases $ 8,000,000 $ 20
800,000 14,400,000 18
1,200,000 18,000,000 15

Required:

a. Amazon Beverages has used market price–based transfer prices in the past. Using the current market prices and costs and assuming a volume of 1.2 million cases (Enter your answers in thousands of dollars.)

a-1. Calculate operating profits for Container Division.

a-2. Calculate operating profits for Mixing Division.

a-3. Calculate operating profits for Amazon Beverages.

b-1. Calculate operating profits for Container for volumes of 400,000, 800,000 and 1,200,000 cases. (Enter your answers in thousands of dollars.)

b-2. Calculate operating profits for Mixing for volumes of 400,000, 800,000 and 1,200,000 cases. (Enter your answers in thousands of dollars.)

b-3. Calculate operating profits for Amazon Beverages for volumes of 400,000, 800,000 and 1,200,000 cases. (Enter your answers in thousands of dollars.)

In: Accounting

Amazon Beverages produces and bottles a line of soft drinks using exotic fruits from Latin America...

Amazon Beverages produces and bottles a line of soft drinks using exotic fruits from Latin America and Asia. The manufacturing process entails mixing and adding juices and coloring ingredients at the bottling plant, which is a part of Mixing Division. The finished product is packaged in a company-produced glass bottle and packed in cases of 24 bottles each.

Because the appearance of the bottle heavily influences sales volume, Amazon developed a unique bottle production process at the company’s container plant, which is a part of Container Division. Mixing Division uses all of the container plant’s production. Each division (Mixing and Container) is considered a separate profit center and evaluated as such. As the new corporate controller, you are responsible for determining the proper transfer price to use for the bottles produced for Mixing Division.

At your request, Container Division’s general manager asked other bottle manufacturers to quote a price for the number and sizes demanded by Mixing Division. These competitive prices follow.

Volume Total Price Price per Case
460,000 equivalent casesa $ 3,588,000 $ 7.80
920,000 6,256,000 6.80
1,380,000 8,280,000 6.00

a An equivalent case represents 24 bottles.

Container Division's cost analysis indicates that it can produce bottles at these costs.

Volume Total Cost Cost per Case
460,000 equivalent cases $ 2,976,000 $ 6.47
920,000 5,092,000 5.53
1,380,000 7,208,000 5.22

These costs include fixed costs of $860,000 and variable costs of $4.60 per equivalent case. These data have caused considerable corporate discussion as to the proper price to use in the transfer of bottles from Container Division to Mixing Division. This interest is heightened because a significant portion of a division manager’s income is an incentive bonus based on profit center results.

Mixing Division has the following costs in addition to the bottle costs.

Volume Total Cost Cost per Case
460,000 equivalent cases $ 1,860,000 $ 4.04
920,000 2,660,000 2.89
1,380,000 3,460,000 2.51

The corporate marketing group has furnished the following price–demand relationship for the finished product:

Sales Volume Total Sales
Revenue
Sales Price
per Case
460,000 equivalent cases $ 9,476,000 $ 20.60
920,000 17,112,000 18.60
1,380,000 21,528,000 15.60

Required:

a. Amazon Beverages has used market price–based transfer prices in the past. Using the current market prices and costs and assuming a volume of 1.38 million cases. Calculate operating profits for Container Division, Mixing Division, Amazon Beverages. (Enter your answers in thousands of dollars.)

b-1. Calculate operating profits for Container, Mixing and Amazon Beverages for volumes of 460,000, 920,000 and 1,380,000 cases. (Enter your answers in thousands of dollars.)

b-2. Which volume of production is the most profitable for Container, Mixing and Amazon Beverages?

In: Accounting

Case:- DETROIT BIKES: BECOMING THE BIGGEST BICYCLE MANUFACTURER IN NORTH AMERICA. by Ivey publishing 1. Apply...

Case:- DETROIT BIKES: BECOMING THE BIGGEST BICYCLE MANUFACTURER IN NORTH AMERICA. by Ivey publishing

1. Apply the PEST and PORTER e-scan model to the Detroit Bikes business model. Based on this, what is your take on the attractiveness of their industry as a business opportunity?

2. What is the competitive advantage of Detroit Bikes? Brand? Low-cost? Innovation? Niche? Diversification? Please explain. How would you characterize their target market and brand?

3. Noting all we have discussed in the course this far, what would you suggest is the best strategy to grow the business? What are the opportunities and risks with this growth strategy?

In: Economics

In North America many birds die because they collide with windows of high-rise buildings. One possible...

In North America many birds die because they collide with windows of high-rise buildings. One possible solution to resolve the problem is to construct windows angled down slightly toward the ground, so that they reflect the ground rather than an image of the sky to flying bird. An experiment compared the number of birds that died as a result of vertical windows, windows angled 20° of vertical and windows angled 40° off vertical. The angles were randomly assigned with equal probability to six windows and changed daily. Window shape, color and other external characteristics were kept identical. Window locations matched the same location characteristics in terms of ground and sky.

  • What other conditions need to be kept identical in this experiment to avoid influencing the results?
  • Over the course of the experiment 30 birds were killed by windows in the vertical orientation, 15 were killed by windows set at 20° off vertical and 8 birds were killed by windows set at 40° of vertical. Do birds appear to hit high-rise building windows at random and die?
  • Now answer the following question: Do the data support the assumption that window angles relative to the vertical do not change bird death rates from as a result of collision with a window of a high-rise building?

In: Statistics and Probability

Amazon Beverages produces and bottles a line of soft drinks using exotic fruits from Latin America...

Amazon Beverages produces and bottles a line of soft drinks using exotic fruits from Latin America and Asia. The manufacturing process entails mixing and adding juices and coloring ingredients at the bottling plant, which is a part of Mixing Division. The finished product is packaged in a company-produced glass bottle and packed in cases of 24 bottles each.

Because the appearance of the bottle heavily influences sales volume, Amazon developed a unique bottle production process at the company's container plant, which is a part of Container Division. Mixing Division uses all of the container plant's production. Each division (Mixing and Container) is considered a separate profit center and evaluated as such. As the new corporate controller, you are responsible for determining the proper transfer price to use for the bottles produced for Mixing Division.

At your request, Container Division's general manager asked other bottle manufacturers to quote a price for the number and sizes demanded by Mixing Division. These competitive prices follow:

Volume Total Price Price per Case 580,000 equivalent casesa $ 5,220,000 $ 9.00 1,160,000 9,280,000  8.00 1,740,000 12,528,000  7.20  

a An equivalent case represents 24 bottles.

Container Division's cost analysis indicates that it can produce bottles at these costs:

Volume Total Cost Cost per Case 580,000 equivalent cases $ 4,344,000 $ 7.49 1,160,000 7,708,000  6.64 1,740,000 11,072,000  6.36  

These costs include fixed costs of $980,000 and variable costs of $5.80 per equivalent case. These data have caused considerable corporate discussion as to the proper price to use in the transfer of bottles from Container Division to Mixing Division. This interest is heightened because a significant portion of a division manager's income is an incentive bonus based on profit center results.

Mixing Division has the following costs in addition to the bottle costs:

Volume Total Cost Cost per Case 580,000 equivalent cases $ 1,980,000 $ 3.41 1,160,000 2,780,000  2.40 1,740,000 3,580,000  2.06  

The corporate marketing group has furnished the following price-demand relationship for the finished product:

Sales Volume Total Sales Revenue Sales Price per Case 580,000 equivalent cases $ 12,644,000 $ 21.80 1,160,000 22,968,000  19.80 1,740,000 29,232,000  16.80  

Required:

a. Amazon Beverages has used market price-based transfer prices in the past. Using the current market prices and costs and assuming a volume of 1.74 million cases (Enter your answers in thousands of dollars.)

a-1. Calculate operating profits for Container Division.

a-2. Calculate operating profits for Mixing Division.

a-3. Calculate operating profits for Amazon Beverages.

b-1. Calculate operating profits for Container for volumes of 580,000, 1,160,000 and 1,740,000cases. (Enter your answers in thousands of dollars.)

b-2. Calculate operating profits for Mixing for volumes of 580,000, 1,160,000 and 1,740,000cases. (Enter your answers in thousands of dollars.)

b-3. Calculate operating profits for Amazon Beverages for volumes of 580,000, 1,160,000 and 1,740,000cases. (Enter your answers in thousands of dollars.)

In: Accounting

Amazon Beverages produces and bottles a line of soft drinks using exotic fruits from Latin America...

Amazon Beverages produces and bottles a line of soft drinks using exotic fruits from Latin America and Asia. The manufacturing process entails mixing and adding juices and coloring ingredients at the bottling plant, which is a part of Mixing Division. The finished product is packaged in a company-produced glass bottle and packed in cases of 24 bottles each.

Because the appearance of the bottle heavily influences sales volume, Amazon developed a unique bottle production process at the company’s container plant, which is a part of Container Division. Mixing Division uses all of the container plant’s production. Each division (Mixing and Container) is considered a separate profit center and evaluated as such. As the new corporate controller, you are responsible for determining the proper transfer price to use for the bottles produced for Mixing Division.

At your request, Container Division’s general manager asked other bottle manufacturers to quote a price for the number and sizes demanded by Mixing Division. These competitive prices follow:

Volume Total Price Price per Case
450,000 equivalent casesa $ 3,465,000 $ 7.70
900,000 6,030,000 6.70
1,350,000 7,965,000 5.90

a An equivalent case represents 24 bottles.

Container Division's cost analysis indicates that it can produce bottles at these costs:

Volume Total Cost Cost per Case
450,000 equivalent cases $ 2,875,000 $ 6.39
900,000 4,900,000 5.44
1,350,000 6,925,000 5.13

These costs include fixed costs of $850,000 and variable costs of $4.50 per equivalent case. These data have caused considerable corporate discussion as to the proper price to use in the transfer of bottles from Container Division to Mixing Division. This interest is heightened because a significant portion of a division manager’s income is an incentive bonus based on profit center results.

Mixing Division has the following costs in addition to the bottle costs:

Volume Total Cost Cost per Case
450,000 equivalent cases $ 1,850,000 $ 4.11
900,000 2,650,000 2.94
1,350,000 3,450,000 2.56

The corporate marketing group has furnished the following price–demand relationship for the finished product:

Sales Volume Total Sales Revenue Sales Price per Case
450,000 equivalent cases $ 9,225,000 $ 20.50
900,000 16,650,000 18.50
1,350,000 20,925,000 15.50

Required:

a. Amazon Beverages has used market price–based transfer prices in the past. Using the current market prices and costs and assuming a volume of 1.35 million cases (Enter your answers in thousands of dollars.)

a-1. Calculate operating profits for Container Division.

a-2. Calculate operating profits for Mixing Division.

a-3. Calculate operating profits for Amazon Beverages.

b-1. Calculate operating profits for Container for volumes of 450,000, 900,000 and 1,350,000cases. (Enter your answers in thousands of dollars.)

Which volume of production is the most profitable for Container?

450,000 cases
900,000 cases
1,350,000 cases

b-2. Calculate operating profits for Mixing for volumes of 450,000, 900,000 and 1,350,000cases. (Enter your answers in thousands of dollars.)

Which volume of production is the most profitable for Mixing?

450,000 cases
900,000 cases
1,350,000 cases

b-3. Calculate operating profits for Amazon Beverages for volumes of 450,000, 900,000 and 1,350,000cases. (Enter your answers in thousands of dollars.)

Which volume of production is the most profitable for Amazon Beverages?

450,000 cases
900,000 cases
1,350,000 cases

In: Accounting