a Janice Toy Inc. is a toy manufacturer in Hong Kong. Recently, the company introduced a new electronic bear to the market. Although there are no other companies that sell this type of toy, the sales figure is not ideal and customers are not aware of the toy. Suppose you are the marketing manager of this company. Identify and explain the stage of product life cycle that this toy falls into, and suggest the corresponding marketing actions to be taken.
b GFE Limited is a company that sells audio products, such as
earphones, speakers, mixer and other related accessories to
retailers in Hong Kong. John is the owner of this company and he
wishes to repackage his products to promote his company and
increase sales.
What factors should he consider when designing the packaging of
his
products? Explain.
In: Operations Management
Question 2
The following trial balance was extracted from the books of R Giggs
at the close of business on 28 February 2007.
Dr Cr
RM RM
Purchases 92,800
Sales 157,165
Cash at bank 4,100
Cash in hand 324
Capital 11,400
Drawings 17,100
Office furniture 2,900
Rent 3,400
Wages and salaries 31,400
Discount received 160
Discount allowed 820
Accounts receivable 12,316
Accounts payable 5,245
Inventory 1/3/2006 4,120
Provision for doubtful debts 405
Motor vehicles 3,750
Motor expenses 615
Bad debts 730
174,375 174,375
Additional information:
1. Inventory as at 28/2/2007 was RM2,400.
2. Wages and salaries accrued at 28/2/2007 RM340.
3. Rent prepaid at 28/2/2007 RM230.
4. Motor expenses owing at 28/7/2007 RM72.
5. Increase in provision for doubtful debts by RM91.
6. Provide for depreciation as follows: office furniture RM380,
motor vehicles RM1,250.
Required:
Draw up the Income Statement (Profit and Loss) for the year ended
28/2/2007 together with a Financial Positions (Balance Sheet) as at
28/2/2007.
Question 2
The following trial balance was extracted from the books of R Giggs
at the close of business on 28 February 2007.
Dr Cr
RM RM
Purchases 92,800
Sales 157,165
Cash at bank 4,100
Cash in hand 324
Capital 11,400
Drawings 17,100
Office furniture 2,900
Rent 3,400
Wages and salaries 31,400
Discount received 160
Discount allowed 820
Accounts receivable 12,316
Accounts payable 5,245
Inventory 1/3/2006 4,120
Provision for doubtful debts 405
Motor vehicles 3,750
Motor expenses 615
Bad debts 730
174,375 174,375
Additional information:
1. Inventory as at 28/2/2007 was RM2,400.
2. Wages and salaries accrued at 28/2/2007 RM340.
3. Rent prepaid at 28/2/2007 RM230.
4. Motor expenses owing at 28/7/2007 RM72.
5. Increase in provision for doubtful debts by RM91.
6. Provide for depreciation as follows: office furniture RM380,
motor vehicles RM1,250.
Required:
Draw up the Income Statement (Profit and Loss) for the year ended
28/2/2007 together with a Financial Positions (Balance Sheet) as at
28/2/2007.
In: Accounting
Seacrest Company has 10,000 shares of cumulative preferred 2% stock, $50 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends:
| Year 1 | $20,000 |
| Year 2 | 5,000 |
| Year 3 | 30,000 |
Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'.
| Preferred Stock (dividend per share) |
Common Stock (dividend per share) |
|
| Year 1 | $ | $ |
| Year 2 | $ | $ |
| Year 3 |
$ |
Journalize the entries to record the following transactions for Mountain Realty Inc. Refer to the Chart of Accounts for exact wording of account titles.
| Aug. | 26 | Issued for cash 108,000 shares of no-par common stock (with a stated value of $5) at $9. |
| Oct. | 1 | Issued at par value 43,000 shares of preferred 1% stock, $10 par for cash. |
| Nov. | 30 |
Issued for cash 15,000 shares of preferred 1% stock, $10 par at $12 . The declaration, record, and payment dates in connection with a cash dividend of $659,000 on a corporation’s common stock are June 15, August 10, and September 15. Journalize the entries required on each date. If no entry is required, simply skip to the next transaction. Refer to the Chart of Accounts for exact wording of account titles. Olde Wine Corporation has 265,500 shares of $30 par common stock outstanding. On February 15, Olde Wine Corporation declared a 1% stock dividend to be issued May 2 to stockholders of record on March 27. The market price of the stock was $50 per share on February 15. Journalize the entries required on February 15, March 27, and May 2. If no entry is required, simply skip to the next transaction. Refer to the Chart of Accounts for exact wording of account titles. |
In: Accounting
Job order cost accounting for a service company
The law firm of Furlan and Benson accumulates costs associated with individual cases, using a job order cost system. The following transactions occurred during July:
| July 3. | Charged 500 hours of professional (lawyer) time at a rate of $220 per hour to the Obsidian Co. breech of contract suit to prepare for the trial. |
| 10. | Reimbursed travel costs to employees for depositions related to the Obsidian case, $25,200. |
| 14. | Charged 140 hours of professional time for the Obsidian trial at a rate of $250 per hour. |
| 18. | Received invoice from consultants Wadsley and Harden for $65,900 for expert testimony related to the Obsidian trial. |
| 27. | Applied office overhead at a rate of $80 per professional hour charged to the Obsidian case. |
| 31. | Paid administrative and support salaries of $36,400 for the month. |
| 31. | Used office supplies for the month, $12,300. |
| 31. | Paid professional salaries of $160,100 for the month. |
| 31. | Billed Obsidian $327,500 for successful defense of the case. |
a. Provide the journal entries for each of these transactions.
| July 3 | Work in Process | ||
| Salaries Payable | |||
| July 10 | Work in Process | ||
| Cash | |||
| July 14 | Work in Process | ||
| Salaries Payable | |||
| July 18 | Work in Process | ||
| Consultant Fees Payable | |||
| July 27 | Work in Process | ||
| Office Overhead | |||
| July 31 Admin. sal. | Office Overhead | ||
| Cash | |||
| July 31 Supplies | Office Overhead | ||
| Supplies | |||
| July 31 Prof. sal. | Salaries Payable | ||
| Cash | |||
| July 31 Billed | Accounts Receivable | ||
| Fees Earned | |||
| July 31 Cost | Cost of Services | ||
| Work in Process |
Feedback
b. How much office overhead is over- or
underapplied? Enter your answer as a positive number.
$ Overapplied
c. Determine the gross profit on the Obsidian
case, assuming that over- or underapplied office overhead is closed
monthly to cost of services.
$
In: Accounting
Refer to the accompanying data set and construct a 90% confidence interval estimate of the mean pulse rate of adult females; then do the same for adult males. Compare the results.
Pulse Rates (beats per minute)
Males Females
82 83
72 94
48 59
57 64
54 56
62 80
53 78
74 86
53 86
63 58
73 35
61 65
65 85
76 76
83 75
65 64
64 68
93 79
41 59
84 63
74 82
64 82
72 68
70 75
57 88
66 91
58 87
82 93
73 89
64 97
66 69
96 92
57 84
65 80
58 73
58 53
68 99
bpm < μ < bpm
(Round to one decimal place as needed.)
In: Statistics and Probability
A college physics professor thinks that two of her sections scored differently on the final exam.
She collects the scores for the two classes and stores them in a file.
We do not know anything about the test score distributions.
Answer the following. Use alpha = 0.05.
a). What is the value of the test statistic?
b). What is the p-value?
c). Is she correct in stating that the final exam scores from the two sections are not equal to each other?
Here are the score sets
Set 1: 74, 79, 65, 58, 67, 61, 63, 64, 62, 72, 66, 58, 66, 63, 61, 73, 77, 68, 62, 67, 81, 80, 58
Set 2: 75, 77, 76, 82, 88, 91, 92, 70, 89, 85, 71, 82, 91, 77, 67, 87, 92, 88, 94, 85, 97, 93, 74
In: Statistics and Probability
1- What might be the underlying motivations of Geely's
acquisition of foreign auto brand?
2- How does cooperation in international business offer
competitiveness?
3- What role can the government play in promoting
internationalisation?
China Globalises London's Black Cabs lobalisation
refers to international transactions, co- company for last 70
years. Coventry city is the birth place of operation, and
competition among firms. China has British motor industry and has
long tradition of manufacturing become one of the most active
trading nations in an iconic automobile brands like Jaguar, Rover,
Triumph, and increasingly globalised world. China's pursuit in
transforming Armstrong Siddeley. The FX4 model taxis rolled out in
1959 itself into an industrial economy gave birth to a thriving
auto from Coventry plant set the quintessential shape for the black
mobile industry and Geely Automobile Holdings Limited was cabs.
They formed partnership with Geely in 2006 which fi- founded in
1986. Geely is a subsidiary of Li Shufu's Zhejiang nally acquired
the taxi maker in 2012 for £11.4 million after it Geely Group. They
began with motorcycle production and went into administration.
London Taxi Company's current annual eventually started
manufacturing cars in 1997. Geely's moto production is
approximately 2000 taxis. Geely has been con- of 'Happy Life, Geely
Drive' encompasses its customers, sup- stantly investing to
increase capacity and competitiveness since pliers and human
resource to manufacture safe, environmental acquisition. The
company has recently announced a £250 friendly and god value
automobiles. Relentless pursuit of bet million investment to build
a new factory with a production ter technology, foreign brands and
oversees market resulted capacity of approximately 36000 cars
annually. This new in- in Geely's European acquisition of Volvo
cars in 2010 and vestment is celebrated locally and nationally due
to 1000 new London Taxi Company (LTC) in 2012. jobs creation and
boost to the local economy. Geely's ambition London Taxi Company is
the manufacturer of the iconic to put iconic London taxis in all
major cities in the world require London Black Cabs. Coventry has
been the home of the lots of innovation in emission technology and
globalising the London taxi experience. The current technology is
not suitable The Chinese state extended its support to fund Geely's
for bigger cities due to high emission, less fuel efficiency and
oversees ambitions. China EXIM bank is offering a 20 billion bulky
weight. The company has pledged to invest a further £80 yuan credit
line to Geely. This is exciting news for privately million in
research and development of TX5 model with hybrid owned enterprises
in China as favourable credit lines were engines. Hybrid and
electric taxis are expected to roll out from mostly available for
the state owned enterprises (SOEs) until the new factory in 2018.
recently. This is an expected move from new Chinese leader- Western
manufacturers are also developing strong manu- ship team under
chronic overcapacity and mounting losses of facturing bases in
China to tap the opportunities presented the State Owned
Enterprises. by the increasing purchasing powers of Chinese people.
Geely's ownership of London Taxi Company is an ex- Competition from
foreign manufacturer, cost pressures due ample of multinational
corporations (MNCs) from emerging to stringent regulatory
requirements at home and volatility in economies acquisition in the
industrial hearts of developed some export markets are some of the
current challenges for countries. This is a fairly new phenomenon
in international Geely. The management is searching for new
opportunities to business which becoming more and more common with
grow- overcome these challenges. ing powers of emerging
economies.
In: Operations Management
The Company X has a monopoly on the beer market. Market demand is given by ?? = 200 - 4? and the company's short-term cost as a function of ? is given by ? (?) = ?2 + 40
What is the marginal revenue (MR) and marginal cost (MC) as a function of Q? At what quantity is ?? = ???
In: Economics
Write a script pitch of a new product or service to an existing company of your choosing. Demonstrate your target customer, the problem you are solving, the value of your idea, and the revenue potential of the target you selected. Be sure to discuss differentiation and the existence of competition.
In: Economics
Your company is a fitness center. On December 1, 2015, a customer pays $600 for 1-year membership to the center. When you collected the cash, you credited Unearned Revenue, a liability account.
The adjusting journal entry on December 31, 2015 is:
In: Accounting