Question 1
Problem 1 Chicago Company has the following information pertaining to its Brick division for this year: Bricks Fixed manufacturing expenses $ 70,000 Fixed selling and administrative expenses 60,000 Sales 500,000 Direct manufacturing costs (variable) 80,000 Variable selling and administrative expenses 140,000 Corporate expenses allocated to the brick division are $48,000. Calculate the brick division?s division margin. Problem 2 Ruby Division had the following information: Current Liabilities $ 3,600,000 Investment base 30,000,000 Net operating income before taxes 4,000,000 Tax rate 35% Cost of capital 10% Calculate Ruby Division's economic value added. Problem 3 The Chip Division of Circuit Co has just revised its actual cost data for the year just ended. Chip Division transfers circuit boards to the Assembly Division, and incurs no selling expense for such transfers. Assembly Division can buy the same goods in the open market for $132 each. Chip's new cost data are: Direct materials $ 60 Direct labor 30 Variable manufacturing overhead 10 Fixed manufacturing overhead 8 Variable selling expenses 6 Fixed selling and administrative expenses 12 Total costs $126 Desired return 20 Sales price $146 Current production is 400,000 units, and Chip has a capacity of 600,000 units. Required: a. What is the lowest price Chip should charge for the internal transfer of its goods? b. What is the highest price Assembly should pay Chip for the units? c. Give the primary reason why Chip should reduce its price for internal transfers below the market price. Problem 4 Hinsdale Company has the following data for this year: Bottling Division Mixing Division Average operating assets $320,000 $ 800,000 Contribution margin 160,000 500,000 Operating income 80,000 120,000 Sales 400,000 1,200,000 Weighted-average cost of capital 18% 18% Hinsdale Company has a target ROI of 18 percent. Required: Calculate the following amounts for each division: a. Return on sales ratio b. Operating investment turnover c. ROI d. Residual income
Question 2
Some unions feel that the organization does not compensate its members fairly, or the organizational working conditions are less than desired. Conversely, some employers feel unions interfere with management decisions and impede on a positive relationship between managers and employees. There may be some truth to both perceptions. The final paper is intended to provide a ?blueprint? or ?roadmap? on the effective strategies an organization can implement to create and maintain a conducive working relationship with unions, as well as the effective strategies a union can implement to create and maintain a conducive working relationship with management. Focus of the Final Paper Specifically, the 6-8 page paper will address the following: ? Briefly describe the role of management in an organization. ? Similarly, briefly discuss the role of a union in an organization. ? Finally, present: ? A minimum of two (2) strategies/actions an organization can implement to create and maintain a conducive working relationship with unions. ? A minimum of two (2) strategies/actions a union can implement to create and maintain a conducive working relationship with management. Writing the Final Paper The Final Paper: ? Must be six to eight double-spaced pages in length and formatted according to APA style as outlined in the Ashford Writing Center. ? Must include a title page with the following: ? Title of paper ? Student's name ? Course name and number ? Instructor?s name ? Date submitted ? Must begin with an introductory paragraph that has a succinct thesis statement. ? Must address the topic of the paper with critical thought. ? Must end with a conclusion that reaffirms your thesis. ? Must use at least three scholarly sources, including a minimum of two from the Ashford Online Library. ? Must document all sources in APA style, as outlined in the Ashford Writing Center. ? Must include a separate reference page, formatted according to APA style as outlined in the Ashford Writing Center. Carefully review the Grading Rubric for the criteria that will be used to evaluate your assignment. From the instructor not following this rule cost me a failing grade. Please be aware of another point; even if you properly credit everything with proper in-text citations and a good reference list, you can still run into problems. When I ask for support in a paper, I am not asking you to give me a ton of quotes or truckloads of paraphrased materials. What I want to see is your work -- your critical thinking and analysis -- supported by research. As a rule, there should never be more than 10-15% of source material in any paper. Using more than that falls into a practice that we in the academic world refer to as "quote dumping"."
Question 3
I have a quiz that needs to be done today. I have until 8:00 pm Mountain time to complete it. Do you want to take before 8:00 pm ? It is 10:30 my time right now. 1. Ashley gets sent home from work for a day of decision making. What happens during this day? (Points : 1) The company conducts an investigation. The company asks her coworkers whether she should continue as an employee. Ashley decides whether or not she wants to return to the job. Ashley decides the direction of her career path. 2. A coworker says to Sue, ?I don?t like you or your attitude. You better watch your back.? What should Sue do? (Points : 1) Call the police Talk to her manager Punch the coworker Start spreading rumors about the amount of guns she owns 3. Beth, a local supervisor who enjoys her job, reads the local help wanted ads every weekend. What is she accomplishing by doing this? (Points : 1) She is keeping her options open. She is threatening her manager. She is evaluating the availability of labor in her marketplace. She is analyzing the market conditions. 4. Brenda is hiring a few seamstresses for her wedding dress shop, as the head seamstress is getting ready to have a baby. What is she doing? (Points : 1) Staffing Contingency planning Cross-training Job sharing 5. William heard about a situation between two of his coworkers. Without investigating further, he decides to confront one of his coworkers on the basis of his assumptions about the situation. Which source of negative conflict could William be evoking? (Points : 1) Poor communication Competition Personality differences Diverse opinions. 6. Robert is trying to follow Larry King?s advice and ask the best question ever during his interview. What question will he ask his applicant? (Points : 1) ?How? ?What if? Yes or no questions ?Why? 7. Patricia wants to avoid any allegations of favoritism when creating her schedule. How should she do this? (Points : 1) Grant requests based on tenure. Grant requests based on who makes the request first. Do not grant any requests. Create a procedure that outlines how requests are handled. 8. Truman Electrics has decided to implement a bonus to all employees on the basis of the level of shrinkage in their inventory. How is Truman trying to reduce theft? (Points : 1) Implementing checks and balances Hire smarter Getting help from employees Being proactive 9. Ted wants to advance without any international experience. Which type of industry does not require this type of experience to get to the top? (Points : 1) Government. Private organizations. Contracts. All industries require international experience. 10. Which is not a source of diversity that can impact communication? (Points : 1) Interpersonal space Time Food Religion
Question 4
4. Review the information reported in the Reconciliation schedule on page 15, and answer the following questions: a. What is being reconciled in this schedule and why is this reconciliation needed? Hint: to answer this question adequately, you need to discuss how the Governmental Funds Balance Sheet differs from the Statement of Net Assets. (6 points) b. In your own words, explain the three largest amounts being. (6 points) 5. Review the information reported in the Governmental Funds Statement of Revenue, Expenditures, and Changes in Fund Balances (page 16), and answer the following questions: a. What are the three largest sources of revenues in the General Fund, and how much was reported for each source? (6 points) b. How much did the Town expend during the year ended September 30, 2009 for Debt Service in total for ALL governmental funds? What was the breakdown of these expenditures (e.g., how much for principal)? (6 points) 6. If the Town has any Component Units, list the amount of Total Net Assets for EACH identified component unit and indicate where you found the information. (3 points) 7. Review the comparison of budgeted and actual revenue, expenditures, and changes in fund balance for the General Fund (pages 56-59), and answer the following questions: a. In total, was actual revenue higher or lower than budgeted? What were the two largest variances (positive or negative), and what was the amount of each variance? (6 points) b. In total, were actual expenditures higher or lower than budgeted? What two governmental activities (e.g., general government, public safety, etc.) had the largest variances (positive or negative), and what were the amounts of the variances? (6 points)
Question 5
Designing the Marketing Plan Product innovation and marketing are the only enduring competitive advantage companies can use to survive and thrive in the marketplace. In the next seven weeks, you are going to participate in designing and writing a marketing plan for a product or service of your choosing. Your active participation in this project is essential to building your understanding of marketing and secondly, you can use a well written marketing plan to show prospective employers a sample of your work. A marketing plan is a travel guide for the marketing activities of an organization for a specified future period of time. The plan can be used internally to guide the marketing activities or it can be used to communicate with external audiences to raise capital. Important questions to keep in mind as you design your plan are: Is the marketing idea valid? What is unique or distinctive about the product or service that separates it from substitutes and competitors? Does a viable market exist for the product or service? Are the financial projections sound? Is the management team competent? How will the investors/debtors get their money back with a return on their investment? In order to help you answer these questions and many others the course provides the following: "Building an Effective Marketing Plan" as Appendix A on page 54 of your textbook. (Includes example of a marketing plan) "Financial Aspects of Marketing" as Appendix B on page 380 of your textbook. A sample student written marketing plan located in Doc Sharing. A marketing plan outline located in Doc Sharing. (Your focus should be on content and not structure) A marketing plan student guide that describes each section of the marketing plan. A grading rubric for the marketing plan. At the end of each chapter in your textbook, you will complete the Building Your Marketing Plan (BYMP) exercise and use this information as input into your plan. Your final marketing plan should be between 4,000 and 6,000 words and must follow all APA guidelines. A sample marketing plan is providing in Doc Sharing. BYMP Week 1 (20 points): Page 23 - Select your product or service and write a company description as shown in Appendix A Page 51 (item 2 only) - Write the mission statement, goals, competitive advantage and perform a SWOT analysis.
