What sort of jobs can support a middle-class lifestyle in America today?
jobs in manufacturing |
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skilled labor |
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blue-collar work |
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jobs associated with skilled trades like carpentry |
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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. |
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It persists over time. |
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Different societies base their stratifications on different criteria. |
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It is maintained through beliefs that are widely shared in a society. |
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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. |
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groupthink. |
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group polarization. |
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social loafing. |
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rationalization. |
In: Psychology
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
In: Accounting
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.
|
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 590,000, 1,180,000 and 1,770,000cases. (Enter your answers in thousands of dollars.)
|
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.)
|
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.)
|
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 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:
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:
The corporate marketing group has furnished the following price–demand relationship for the finished product:
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 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 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 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.
In: Statistics and Probability
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 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