You are a manager in an electronics department that sells TVs. Corporate headquarters has provided a new incentive to salespeople—they will receive higher commissions when they sell higher-priced TV models. What should you do to maintain high ethical integrity in your department?
You are the manager of a monopoly. Your analytics department estimates that a typical consumer’s inverse demand function for your firm’s product is P = 200 – 20Q, and your cost function is C(Q) = 80Q. a. Determine the optimal two-part strategy pricing strategy. b. How much additional profit do you earn using a two-part pricing strategy compared with charging this consumer a per-unit price?
Create a perceptual mapFirst choose two key attributes that can be used to evaluate the courses (must range from high/low)Type these attributes in the 4 boxes outside of the perceptual map Next, plot (using the numbers next to each courses name) where the courses fall on the map given the attributes you've chosen. You will need to create a text box and place it in the appropriate location based on the attributes. Just include the number of the course (exUse the number 1 to denote where Marketing would be placed NOTEMake sure you type in the attributes in the text boxes an PROPERLY assign location to the courses. DO NOT put all courses that go in one quadrant in one boxYou must identify left right and up and down where they fall on attribute spectrums
EXPENSES CONTROL Question One Claudius operates a bill payment and cambio facility in Black River. He earns commission at a rate of 5% on his transactions. For the year 2021 his transactions totaled $5,400,000. In January his insurance account opened was a prepayment of $20,000. During the year he paid a total of $200,000 from bank for insurance and had collected all of his commission for the year. At year end he owed $30,000 on his insurance. How much should he show as insurance expense for the year?
This project will be completed in two parts. All answers should be submitted in the Excel template also attached to this module. Part 1 will contain a chart of accounts with opening account balances, list of business transactions, journaling all transactions into the general journal, and updating each account balance. Upon submission, your instructor will indicate which journal entries and/or T-Acct entries are incorrect. Part 2 will have you correct any mistakes and then complete the project. The remaining parts of the project will include preparing an adjusted trial balance, income statement, statement of retained earnings, balance sheet, closing entries, and post-closing trial balance. Dec. 1st – Collected $ 550 from Franklin from a previous engagement in Oct. Dec. 2nd – Paid $ 1,525 on Gusto’s Inc. invoice from a previously recorded transaction with check #1301. Dec 3rd – Paid December rent of $ 2,100 with check #1302. Dec 4th – Completed additional work for Washington, sent invoice #Y77P for $ 1,300 due in 1 month. Dec. 5th – Paid employee from work previously expensed in Nov. with payment due Dec. 5th using check #1303. Dec. 8th – Purchased land on a note for $ 31,000 to be used for future construction of a new office building. Land and Notes payable will have account numbers of 150 and 240, respectively. Dec. 9th – Paid $ 1,300 to cover all utilities for the month of Dec using check #1304. Dec. 10th - Completed $ 550 worth of work for a repeat customer who pays cash immediately upon completion. Dec. 11th - Collected $ 800 from Washington from a previous engagement in Nov. Dec. 12th – Our employee earned two weeks of pay amounting to $ 1,800 , to be paid Dec. 23rd. *employee took vacation from Dec. 15th-Dec. 31st. No pay will accrue* Dec. 15th - Leah Tyler, the owner, withdrew $ 3,200 for personal use using check #1305. Dec. 16th – Completed a large job for Franklin for $ 12,000 . Sent invoice #Y78P due Jan. 31st. Dec. 22nd – Franklin paid $ 2,500 to pay off some of his balance due. Dec. 23rd – Paid our employee for the work expensed Dec. 12th. Dec 24th-Dec. 31st – Owner took off the rest of the year. Adjustments 1. The equipment was used for the third year. 2. Prepaid insurance was adjusted for Oct-Dec usage. 3. Unearned revenue was updated to show 3 months of work completed. 4. A final count of supplies showed $ 450 remaining. Part 1 instructions (Module 3) 1. Open the Excel attachment named “Student fill-in template” 2. Transfer the opening trial balance amounts to the T-Accts 3. Journal and post to the T-Accts the December and adjusting transactions 4. Total each T-Acct and provide the equation total at the top in the highlighted cells. Check Figure – The cash T-Acct final balance should be $ 19,375 Part 2 instructions (Module 5) 1. Using the feedback provided from your instructor in the gradebook, update any incorrect items. 2. Prepare the Adjusted trial balance 3. Prepare the Income statement, Statement of owner’s equity, and the balance sheet. 4. Prepare the Closing journal entries and Post-closing trial balance
Find quantity demanded and quantity supplied when price is given $2.50 whereby; price=12-0.5 (quantity demanded) And price=0.1(quantity supplied)
Cross-Cultural Issues at Marico Imagine that you have recently been hired as a human resources consultant by a Canadian multinational enterprise (MNE) called Marico. Marico designs, manufactures and sells commercial airplane engines and fuselages worldwide. It currently has over 1,000 employees in its three locations, including 500 at its global headquarters in Canada, 300 at a manufacturing plant in the U.S., and now over 200 at its newest manufacturing plant in Mexico. The firm is having problems communicating and sharing its corporate values and policies with its newest employees in Mexico. The only experience Marico has had in opening a new subsidiary prior to Mexico was in the U.S., where corporate values and policies were taken up by American employees with little difficulty. The problems in the Mexican plant seem to center around poor communications between the managers, who are mostly Canadian, and its new employees, who are mostly from Mexico. “We want our corporate culture to be the same everywhere,” explains Marico’s CEO, Mr. John Woods, to you over lunch. “We want everything we do in Canada to be the accepted, standard practice across all of our locations, but that just doesn’t seem to be getting across to our employees in Mexico.” John continues by telling you that all new employees are trained in Marico’s corporate culture via discussions with their managers and corporate brochures/reading materials. He says that his Canadian managers in Mexico are frustrated with the Mexican workers’ abilities to learn Marico’s culture and that, as a result, productivity at the plant has been negatively impacted. You investigate the issue by speaking with managers and employees at the new subsidiary in Mexico. The managers complain that employees at the new plant do not speak their mind very often, and often seem to stress harmony with each other over learning Marico’s culture. Managers are also frustrated that staff meetings frequently start late due to the lateness of employees. The employees, who are younger than their managers on the average, are frustrated that they are not told exactly how to do their tasks; instead, they are told to read their employee manuals for guidance. They are concerned that Marico’s managers are too impatient with them about learning the policies. They feel they have been left to their own devices to figure out how things work, which often causes them to stay late at work. What is more, staying late on their shifts often causes them to be late for staff meetings, where they are often berated by managers for not acting like “good Canadian employees”. After your examination you become convinced that the problem Marico is experiencing relates to culture, and you prepare your report accordingly. CASE QUESTIONS 1. Select one of Hofstede’s five cultural dimensions to explain to Marico’s the main differences between Marico’s Canadian HQ and its Mexican subsidiary in terms of culture. Explain why you selected this dimension as the primary source of the problem between the Marico HQ and its Mexican plant. 2. In your opinion, what are three ways that Canadian managers could demonstrate higher intercultural competence at Marico’s Mexican subsidiary?
Question 7, 2008 WAEC. Kofi is a dealer in general merchandise. The following are his transactions for the month of June, 2002. June 1: Sold goods to Mensah Le 20,000 less 10% trade discount. June 4: Purchases from Kwesi the following: 200 iron rods at Le20 each 100 fillers at Le30 each June 6: June 7: June 9: Invoice subject to 10% trade discount. Purchased from Asante Ltd., 10 bottles of gin at Le 30 each. Returned 60 iron rods purchased on 4th June, to kwesi. Sold the following to Kojo: 300 bags of cement at Le15 each, Less 15% trade discount, 150 tins of target at Le10 per tin. June 18: Kojo returned 10 bags of cement bought on the 9th of June. June 20: Sold to Jones 80 iron rods at Le50 each 110 bags of cement at Le16 each 250 fillers at Le35 each Invoice subject to 50% trade discount June 21: Jones was allowed 50% reduction on the total invoice price for goods damaged in transit. June 30: Purchased from Femi: 100 bags of cement at Le 15 each 50 gallon of oil paint at Le20 each 300 metal sheets at Le18 each You are required to write up the following: (a) sales day book (b) sales returns book (d)purchases returns book purchases day book.
What ethical questions do you think you should ask when you compose material for marketing and outreach? How would you counter “smears” like these?
Which of the following is a feature of a Capitalist Economy?A. barter tradeB. market tradeC. closed economicsD. non-commercial activities
