Direct mail advertisers send solicitations ("junk mail") to thousands of potential customers in the hope that some will buy the company's product. The response rate is usually quite low. Suppose a company wants to test the response to a new flyer and sends it to 1110 people randomly selected from their mailing list of over 200,000 people. They get orders from 108 of the recipients.
Create a 90% confidence interval for the percentage of people the company contacts who may buy something.
( __ % __ % )
(Round to one decimal place as needed.)
In: Math
Globalisation represents the opportunity to deliver improved value to end customers by delivering world-class supply relationships in terms of cost, quality, delivery and performance. More and more buyers have to learn to develop a supply base in more than one country in order to remain competitive in the complex and dynamic global business environment.
1. Examine the various types of contracts available to your company ( a vehicle- manufacturing company) when dealing with international suppliers and advise them on which contracts would be most beneficial to achieve a competitive advantage.
In: Operations Management
Describe the two-stage process for establishing credit standards.
1. First, the company must establish credit acceptance criteria that represent a maximum amount of payment risk the company is willing to assume.
2. ??
Describe three considerations companies must evaluate when establishing a method of analyzing credit requests.
1. The type of information
2. ??
3. The cost of information
Describe four external sources companies can use to determine the creditworthiness of a credit applicant.
1. ??
2. Trade references, or other companies from whom the applicant has purchased on credit, can provide a secondary source of information about the applicant’s payment performance.
3. Banks or other financial creditors (e.g., commercial finance or leasing companies) can provide standardized credit information about an applicant’s financial condition and available credit.
4.??
Describe the four-step credit scoring process major issuers of retail credit use for consumer credit analysis.
1. Differentiating standard and high-risk accounts based on the applicant’s monthly income, outstanding obligations and employment history
2. Weighting the characteristics of applicants who fit into each category to establish creditworthiness
3. ??
4. Applying further analysis to applicants whose scores fall between the cutoff points
Describe four disadvantages of accepting credit cards for customer financing.
1.??
2. The seller loses promotional opportunities by not having access to a list of credit customers.
3. ??
4.??
Describe four reasons that motivate the holding of inventory.
1. ??
2. As a precautionary measure
3. ??
In: Accounting
Sachs Brands defined benefit pension plan specifies annual retirement benefits equal to: 1.3% x service years x final year's salary, payable at the end of each year. Angela Davenport was hired by Sachs at the beginning of 2004 and is expected to retire at the end of 2038 after 35 years' service. Her retirement is expected to span 18 years. Davenport's salary is $96,000 at the end of 2018 and the company's actuary projects her salary to be $310,000 at retirement. The actuary's discount rate is 6%.
Required:
2) estimate by the projected benefits approach the amount of Davenport's annual retirement payments earned as of the end of 2018. (I got 60,450 which was correct)
3) What is the company's projected benefit obligation at the end of 2018 with respect to Davenport? (I got 204,082 which was correct)
4) If not estimates are changed in the meantime, what will be the company's projected benefit obligation at the end of 2021 (three years later) with respect to Davenport? I NEED THIS ANSWER
In: Accounting
Sparrow Corporation would like you to review its employee fringe benefits program with regard to the tax consequences of the plan for the company's president (Polly), who is also the majority shareholder.
For the following items, indicate what amount, if any, is included in Polly's gross income.
If an amount is zero, enter "0".
| a. | The company has a qualified retirement plan. The company pays the cost of employees attending a retirement planning seminar. The employee must be within 10 years of retirement, and the cost of the seminar is $1,500 per attendee. | $ |
| b. | The company owns a parking garage that is used by customers, employees, and the general public. Only the general public is required to pay for parking. The charge to the general public for Polly's parking for the year would have been $3,600 (a $300 monthly rate). | $ |
| c. | All employees are allowed to use the company's fixed charge long-distance telephone services, as long as the privilege is not abused. Although no one has kept track of the actual calls, Polly's use of the telephone had a value (what she would have paid on her personal telephone) of approximately $540. | $ |
| d. | The company owns a condominium at the beach, which it uses to entertain customers. Employees are allowed to use the facility without charge when the company has no scheduled events. Polly used the facility 10 days during the year. Her use had a rental value of $1,000. | $ |
| e. | The company is in the household moving business. Employees are allowed to ship goods without charge whenever there is excess space on a truck. Polly purchased a dining room suite for her daughter. Company trucks delivered the furniture to the daughter. Normal freight charges would have been $750. | $ |
In: Accounting
Alma and Associates, a new consulting service, recently received a bill for repairs on its computers totaling $2,280. Alma thinks it may have been overcharged and is trying to recreate the components of the bill. She knows the hourly rate is $75 and 15 hours of labor was charged. She also knows $700 of parts were replaced.
Instructions
Compute the material loading charge percentage the repair service used.
Freberg Company, a division of Dudge Cars, produces automotive batteries. Freberg sells the batteries to its customers for $92 per unit. The variable cost per unit is $42, and fixed costs per unit are $16. Top management of Dudge Cars would like Freberg to transfer 30,000 batteries to another division within the company at a price of $54. Freberg is operating at full capacity.
Instructions
Compute the minimum transfer price that Freberg should accept.
Freberg Company, a division of Dudge Cars, produces automotive batteries. Freberg sells the batteries to its customers for $92 per unit. The variable cost per unit is $55, and fixed costs per unit are $16. Top management of Dudge Cars would like Freberg to transfer 30,000 batteries to another division within the company at a price of $61. Freberg has sufficient excess capacity to provide the 30,000 batteries to the other division.
Instructions
Compute the minimum transfer price that Freberg should accept.
In: Accounting
Founded in 1983, Beverly Hills Fan Company is located in Woodland Hills, California. With 23 employees and sales of less than $10 million, the company is relatively small. Management feels that there is potential for growth in the upscale market for ceiling fans and lighting. They are particularly optimistic about growth in Mexican and Canadian markets. Presented below is information from the president’s letter in the company’s annual report. “An aggressive product development program was initiated during the past year resulting in new ceiling fan models planned for introduction this year. Award winning industrial designer Ron Rezek created several new fan models for the Beverly Hills Fan and L.A. Fan lines, including a new Showroom Collection, designed specifically for the architectural and designer markets. Each of these models has received critical acclaim, and order commitments for this year have been outstanding. Additionally, our Custom Color and special fans continued to enjoy increasing popularity and sales gains as more and more customers desire fans that match their specific interior decors. Currently, Beverly Hills Fan Company offers a product line of over 100 models of contemporary, traditional, and transitional ceiling fans.” Instructions: What points did the company management need to consider before deciding to offer the special-order fans customers? How would incremental analysis be employed to assist in this decision?
In: Accounting
1. What are some of the common problems users encounter when trying to compare financial statements of companies (even when they are in the same industry)? Describe how using XBRL could help alleviate these problems.
2. What are the current XBRL filing requirements for publicly-listed firms in the US?
3. Why should a business create XBRL-enabled financial reports?
4. Does the FDIC require banks to file any report(s) using XBRL? If so, which reports?
5. Do you have experience filing with XBRL? If so, please describe your experience in some appropriate level of detail for the class. If you have no XBRL experience, indicate in your posting No Experience.
6. Perform a general Internet search; what services are now available to assist companies in compiling with XBRL filing requirements. Briefly describe the provider(s) and the services offered by at least 2 providers.
In: Accounting
1. In serving its stockholders, the primary operating goal of a publicly-owned firm should be to:
Select one:
a. Maximize its expected total corporate income.
b. Maximize its expected EPS.
c. Minimize the chances of losses.
d. Maximize the stock price per share over the long run, which is the stock's intrinsic value.
e. Maximize the stock price on a specific target date.
2. Which of the following has the highest Present Value?
Select one:
a. $800/yr. for 9 years discounted at 9%.
b. $800/yr. for 9 years discounted at 7%.
c. $600/yr. for 9 years discounted at 9%.
d. $600/yr. for 9 years discounted at 7%.
e. $800/yr. for 10 years discounted at 7%.
3. What's the present value of $10,225 discounted back 5 years if the appropriate interest rate is 4.5%?
In: Finance
The corporation whose stock can be bought and sold on stock exchanges and in over the counter markets are referred to as
closely held corp
sole proprietorships
privately owned Corp
publicly owned corp
2. if the prepaid expenses are not adjusted assets on the balance sheet
will not be affected
will be understand
may be either overstated or understated
will be overstated
3. which of the following account would be closed at the end of the year
acc depreciation
capital
supplies expense
accent rec
4.the financial statement that is prepared first is
income statement
up tot he accountant
owners equity
balance sheet
5. the first place a transaction is recorded is in the
trial balance
source doc
general ledger
journal
6.which of the following is not a type of information communicated by the financial statement
whether or not the business is profitable
how much the business owes others
What type of assets business owns
how long business has been in operation
In: Accounting