1. How has an understanding of consumer behavior helped Coppertone grow in the United States and around the globe? 2. Describe the five-stage purchase decision process for a Coppertone customer. 3. What are the possible situational, psychological, and sociocultural influences on the Coppertone consumer purchase decision process? Situational Psychological Sociocultural 4. What specific marketing activities does Coppertone utilize to help Coppertone grow in the marketplace? 5. What challenges does Coppertone face in the future? What actions would you recommend related to each challenge?

Answers

Answer 1

Answer: The answers are provided below

Explanation:

1. The understanding of consumer behavior which has helped Coppertone grow in the United States and around the world are:

• Its understanding of consumer behavior was along with changing behaviour of consumers.

• Its understanding was along with consumer's changing needs.

• Providing innovative solutions that are in accordance with consumer preferences.

Note that at the beginning, Coppertone started as a tanning product, but later developed nee products when the consumers preferences changed from tanning to skin protection.

2. . The Five stage purchase decision process for a Coppertone customer are:

a. Problem recognition - This is the stage of understanding the problem.

b. Search for information. It is the stage of seeking solution to the problem

c. Comparision of alternatives - This is the stage where the comparative analysis is done. This stage is influenced by the product, price, availability etc.

d. Decision of purchasing - This is the stage of decision making that is based on the comparisons made.

e. Post-purchase feedback - This is the stage whereby the consumer will evaluate the product performance. This stage is vital to retaining existing consumers.

3. The factors that can influence the Coppertone consumer purchase decision process are:

• Psychological: It is the intention of consumers to protect their skin from the sun while going out thereby maintaining their good look.

• Sociological : It is in human behaviour to replicate the things that are being done by other people in the society.

• Situational Factor: This is a case whereby consumers are left with no other alternatives than purchasing a particular product brand to meet their need.

4. The marketing activities Coppertone utilized to help it grow in the marketplace are:

• Advertisment: Coppertone advertisment strategy really worked through its use of the advertisement campaign for “the Coppertone Girl” and also their famous tagline “Tan, Don’t Burn.” This helped spar the product’s popularity.

• Use of social media: They also engage with their customers on social media nd other websites.

5. The challenges that would be faced by Coppertone in the future are:

• There will be an unbalanced demand and supply since the requirement of the product is seasonal.

• Selective usage of the product by the customer can hampers the sale.

• There may be the need for more innovative products in order to meet customer needs.

The recommendation related to each challenges are:

• Awareness should be created among the customers about their self health and looks, in order for them to shift away from seasonal usage.

• New products should be launched aggressively. This is because customers are trendy nowadays and also appealing marketing techniques should be used.

Answer 2

1. When The understanding of consumer behavior that has helped Coppertone grow in the United States and around the world are:

Although, Its understanding of consumer behavior was along with changing the behavior of consumers.

Then Its understanding was along with consumers' changing needs.

Consumer behavior

Also when Providing innovative solutions that are under consumer preferences.

Note that at the beginning, Coppertone started as a tanning product, but later developed nee products when the consumer's preferences changed from tanning to skin protection.

2. When The Five stage purchase decision process for a Coppertone customer are:

a. Problem recognition - This is the stage of understanding the problem.

b. Search for information- It is the stage of seeking a solution to the problem

c. Comparison of alternatives - This is the stage where the comparative analysis is done. This stage is influenced by the product, price, availability, etc.

d. Decision of purchasing - This is the stage of decision-making that is based on the comparisons made.

e. Post-purchase feedback - This is the stage whereby the consumer will evaluate the product performance. This stage is vital to retaining existing consumers.

3. When The factors that can influence the Coppertone consumer purchase decision process are:

Psychological: Consumers intend to protect their skin from the sun while going out thereby maintaining their good look.

Sociological: It is in human behavior to replicate the things that are being done by other people in society.

Situational Factor: This is a case whereby consumers are left with no other alternatives than purchasing a particular product brand to meet their needs.

4. When The marketing activities Coppertone utilized to help it grow in the marketplace are:

The Advertisement: when the Coppertone advertisement strategy worked through its use of the advertisement campaign for “the Coppertone Girl” and also their famous tagline “Tan, Don’t Burn.” This helped spar the product’s popularity.

Use of social media: They also engage with their customers on social media and other websites.

5. The challenges that would be faced by Coppertone in the future are:

There will be an unbalanced demand and supply since the requirement of the product is seasonal.

Then Selective usage of the product by the customer can hamper the sale.

There may be a need for more innovative products to meet customer needs.

The recommendation related to each challenge are:

Awareness should be created among the customers about their self-health and looks, for them to shift away from seasonal usage.

New products should be launched aggressively. This is because customers are trendy nowadays and also appealing marketing techniques should be used.

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Related Questions

Shrinkage at Walmart In 2015, the world’s largest retailer, Walmart, announced a quarterly increase in sales that was accompanied by an increase in expenses that reduced its hoped-for profit. In discussing the higher expenses, the company mentioned "shrinkage" three times in its written press release and 13 times in its conference call with financial analysts. The company attributed a significant part of its increased shrinkage to shoplifting and outright theft, including one instance in which a team of thieves pushed a shopping cart full of electronics out a back door and loaded them into a waiting car. To combat these problems, which are unfortunately common in retailing, the company announced it was restarting a training program for employees that helps them learn how to spot shoplifters and fellow employees who are pilfering, along with adding staff to areas of the store that contain high-value or easy-to-steal items. They also plan to start checking customers’ receipts at store exits. In addition to these measures, however, the company also reported that a sizable portion of the shrinkage results from difficulties encountered in managing inventory flow throughout the company’s distribution network and its stores. When warehouses and store backrooms become overstocked with inventory, it can be difficult to determine which items should be discounted and moved to the store’s shelves. In recent years, Walmart has increased its sales of grocery and food items, which can be damaged more easily than its other inventory and for which failure to monitor expiration dates can be costly. To deal with these backroom inventory management issues, the company has added employees to staff those areas. Walmart’s U.S. supply chain includes more than 100 distribution centers from which the company makes deliveries to its more than 5000 stores and Sam’s Club locations using its fleet of more than 6000 trucks. Managing the flow of inventory from the company’s suppliers through its distribution centers and into its retail outlets is a mammoth task and, as discussed in this chapter, the company has made attempts to use technology in new and creative ways to address these challenges in the past.
REQUIRED
Q1) Become familiar with RFID technology and its potential uses in Walmart’s supply chain using the information presented in this chapter and information you obtain through the Web Links, your favorite search engine, and your library. In about 200 words, outline the advantages Walmart might gain by using RFID in its retail stores. As you draft your answer, be sure to consider the nature of the stores’ backroom environments, which include metal shelving. Also consider Walmart’s possible use of RFID and other technologies as an alternative or addition to the increased staffing levels the company has announced for its retail stores. As you draft your answer, be sure to consider the nature of the stores’ backroom environments, which include metal shelving. Also consider Walmart’s possible use of RFID and other technologies as an alternative or addition to the increased staffing levels the company has announced for its backroom inventory storage areas.
Q2) In about 100 words, discuss the advantages Walmart might gain if it were to use RFID tracking technologies in all of its retail stores to manage every single item as opposed to using either case-level RFID or tracking only part of each store’s inventory at the item level.

Answers

Answer:

Explanation:

There are many advantages Walmart will gain if it were to use RFID tracking technology

1. In all its retail stores and

2. To manage every single item

As opposed to

A. Using case-level RFID or

B. Tracking only a part of each store's inventory at the item level (backroom inventory)

Radio frequency identification makes use of electromagnetic fields, to instantly identify and track tags attached to objects. The tags could be

1. Active or 2. Passive

These tags are the unique form of identification of an item in the store.

The advantages:

1. The main advantage of using the RFID in all Walmart's stores and to manage every single item, is: unlike barcodes, multiple RFID tags can be read at a time.

2. Whether the tag is showing openly or is covered by a part of the object to which it is affixed, it can still be read, if passed by a reader.

3. It can be used to track pilferers or shoplifters.

4. The RFID code is also used to bill the customers.

5. It is used to access the item or good.

6. Active RFID tags can be read from a far distance from the reader.

A registered investment adviser lives in State X. The adviser does business with 1 client in State A and 1 client in State B. The adviser gives seminars about investing to groups of potential customers in State C. The adviser is required to register in:

Answers

Answer:

State X and C

Explanation:

Remember, the clients themselves stay in state A and B, not the investment advisor. According to the requirements of the law, the investment advisor is to register in the state where he gives seminars–State C, and the state in which he resides–X.

Bluebird Mfg. has received a special one-time order for 15,000 bird feeders at $3.50 per unit. Bluebird currently produces and sells 75,000 units at $7.50 each. This level represents 80% of its capacity. These bird feeders would be marketed under the wholesaler's name and would not affect Bluebird's sales through its normal channels. Production costs for these units are $4.25 per unit, which includes $2.50 variable cost and $1.75 fixed cost. If Bluebird accepts this additional business, the effect on net income will be:

Answers

Answer:

Effect on income= $15,000 increase

Explanation:

Giving the following information:

Offer= 15,000 bird feeders at $3.50 per unit.

Production costs:

$2.50 variable cost

Because it is a special offer that won't affect actual sales and there is unused capacity, we will not take into account the fixed costs.

Effect on income= 15,000*(3.5 - 2.5)

Effect on income= $15,000 increase

"ART Company just paid a dividend of $2.00. The dividend is expected to grow by 10% this year, 9% in year two and 6% in year three. Then, beginning in year four, the dividend will begin growing at a constant rate of 4%. With a required return of 10%, what is the stock worth today

Answers

Answer:

The stock is worth $38.99 per share today

Explanation:

We can calculate the value of the stock using the dividend discount model approach (DDM). The DDM values the stock based on the present value of the expected future dividends from the stock. To calculate the price of the stock today, we simply discount back all the future expected dividends and terminal value (calculated when the growth rate in dividends become constant) to their present value using the required rate of return as the discount factor.

The value of ART company's stock today will be,

P0 or V0 = 2 * (1+0.1) / (1+0.1)  + 2 * (1+0.1)*(1+0.09) / (1+0.1)^2  +  

2 * (1+0.1)*(1+0.09)*(1+0.06) / (1+0.1)^3  +  

[( 2 * (1+0.1)*(1+0.09)*(1+0.06)*(1+0.04)) / (0.1 - 0.04)] / (1+0.1)^3

P0 or V0 = $38.9939 rounded off to $38.99

Ivanna, who has three children under age 13, worked full-time while her spouse, Sergio, was attending college for nine months during the year. Ivanna earned $28,000 and incurred $9,100 of child care expenses. Ivanna and Sergio's credit for child and dependent care expenses is?

Answers

Answer:

$1,260

Explanation:

Remember, we are dealing with a case of a married couple. Therefore, we apply the tax credit rule patterning to legally married couples.

Note that the rule is restricted to the lesser of

- real expenses,

- $6,000 (in this case they have three children which implies they have more than two qualifying children),

- the total earned income of the lowest taxpayer in the family.

Since the rule gives an exception for students. We could assumed that Sergio earned $500 for each month he was attending college. That is 9 * $500 = $4,500; the Credit = $4,500 * 28%= 1,260

Based on the period Sergio attended college and the relevant tax laws, Sergio's credit is $1,260.

When a person is going to college, they are assumed to make $500 per month. Sergio's earnings are therefore:

= 500 x 9 months

= $4,500

With a joint Adjusted Gross Income of $28,000 for the both of them, they can get a tax credit of 28% of their earnings.

As Sergio is assumed to have made $4,500, the tax credit is:

= 28% x 4,500

= $1,260

In conclusion, Sergio's credit is $1,260.

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Rovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income statement for November. Sales (5,700 units) $ 319,200 Variable expenses 188,100 Contribution margin 131,100 Fixed expenses 106,500 Net operating income $ 24,600 If the company sells 5,300 units, its net operating income should be closest to:

Answers

Answer:

Net operating income is $ 15,400.00  

Explanation:

The company's operating income if it sells 5,300 units is calculated thus:

sales  (5,300*$319,200/5,700)                             $296,800.00  

variable expenses($188,100/5700*5300)          ($174,900.00)  

Contribution                                                          $ 121,900.00  

Fixed expenses                                                    ($106,500.00)

Net operating expenses                                      $ 15,400.00  

The net operating expenses dropped when 5,300 units were sold because the higher the volume, the more the contribution towards covering fixed expenses

Answer:

Net operating income= $15,400

Explanation:

Giving the following information:

Sales (5,700 units) $319,200

Variable expenses 188,100

Contribution margin 131,100

Fixed expenses 106,500

Net operating income $ 24,600

Sales now= 5,300 units

First, we need to calculate the unitary contribution margin:

Unitary contribution margin= 131,100/5,700= $23

Contribution margin for 5,300:

Total contribution margin= 23*5,300= $121,900

Fixed costs= 106,500

Net operating income= $15,400

Arbor Systems and Gencore stocks both have a volatility of 33%. Compute the volatility of a portfolio with 50% invested in each stock if the correlation between the stocks is ​(a​) +1.00​, ​(b​) 0.50​, ​(c​) 0.00​, ​(d​) −0.50​, and ​(e​) −1.00.



In which of the cases is the volatility lower than that of the original​ stocks?

Answers

Answer:

In case of b, c, d ,e volatility is less than that of original stock

Explanation:

The formula to compute the volatility of a portfolio

[tex]=\sqrt{W_1^2\sigma_1^2+W_2^2\sigma_2^2+2W_1W_2\sigma_1\sigma_2*c}[/tex]

Here,

The standard deviation of the first stock is σ₁

The standard deviation of the second stock is σ₂

The weight of the first stock W₁

The weight of the second stock W₂

The correlation between the stock c

a) If the correlation between the stock is +1

[tex]=\sqrt{W_1^2\sigma_1^2+W_2^2\sigma_2^2+2W_1W_2\sigma_1\sigma_2*c}[/tex]

[tex]=\sqrt{(0.5\times0.33)^2+(0.5\times0.33)^2+(2\times(0.5\times 0.33)\times(0.5\times0.33)\times1} \\\\=0.33[/tex]

Hence, the volatility of the portfolio is 0.33 0r 33%

b) If the correlation between the stock is 0.50

[tex]=\sqrt{W_1^2\sigma_1^2+W_2^2\sigma_2^2+2W_1W_2\sigma_1\sigma_2*c}[/tex]

[tex]=\sqrt{(0.5\times0.33)^2+(0.5\times0.33)^2+(2\times(0.5\times 0.33)\times(0.5\times0.33)\times0.5} \\\\=0.29[/tex]

Hence, the volatility of the portfolio is 0.29 0r 29%

c) If the correlation between the stock is 0.00

[tex]=\sqrt{W_1^2\sigma_1^2+W_2^2\sigma_2^2+2W_1W_2\sigma_1\sigma_2*c}[/tex]

[tex]=\sqrt{(0.5\times0.33)^2+(0.5\times0.33)^2+(2\times(0.5\times 0.33)\times(0.5\times0.33)\times0.0} \\\\=0.23[/tex]

Hence, the volatility of the portfolio is 0.23 0r 23%

d) If the correlation between the stock is -0.50

[tex]=\sqrt{W_1^2\sigma_1^2+W_2^2\sigma_2^2+2W_1W_2\sigma_1\sigma_2*c}[/tex]

[tex]=\sqrt{(0.5\times0.33)^2+(0.5\times0.33)^2+(2\times(0.5\times 0.33)\times(0.5\times0.33)\times-0.5} \\\\=0.17[/tex]

Hence, the volatility of the portfolio is 0.17 or 17%

e) If the correlation between the stock is -1

[tex]=\sqrt{W_1^2\sigma_1^2+W_2^2\sigma_2^2+2W_1W_2\sigma_1\sigma_2*c}[/tex]

[tex]=\sqrt{(0.5\times0.33)^2+(0.5\times0.33)^2+(2\times(0.5\times 0.33)\times(0.5\times0.33)\times-1} \\\\=0[/tex]

Hence, the volatility of the portfolio is 0

In case of b, c, d ,e volatility is less than that of original stock

Your bank account pays an interest rate of 9 percent. You are considering buying a share of stock in XYZ Corporation for $90. After 1, 2, and 3 years, it will pay a dividend of $4. You expect to sell the stock after 3 years for $100.Is XYZ a good investment?

Answers

Answer: It is NOT a good investment.

Explanation:

Your bank account pays an interest of 9% per annum. This can be used as a discount rate to discount the dividends and the final Sales price to the present to see if the present value of Future benefits is more than what the stock is valued at now.

If the Present Value of the future benefits is higher than the cost now, XYZ is a good investment.

$4 are expected every year for 3 years and then on the third year, the stock will be sold for $100.

Discounting therefore gives us,

= (4 / (1 + 9%) ) + (4 / (1 + 9%)^2) + ( 4 / ( 1 + 9%) ^ 3) + ( 100 / ( 1 + 9%) ^ 3)

= 87.34

= $87.34

The Present Value of the future benefits including the future sales price is $87.34 which is less than the current cost of the stock at $90.

XYZ is NOT a good investment.

For financial reporting, Clinton Poultry Farms has used the declining-balance method of depreciation for conveyor equipment acquired at the beginning of 2018 for $3,250,000. Its useful life was estimated to be five years, with a $255,000 residual value. At the beginning of 2021, Clinton decides to change to the straight-line method. The effect of this change on depreciation for each year is as follows:Year Straight-Line Declining Balance Difference 2010 $ 400 $ 853 $ 453 2011 400 569 169 2012 400 379 (21) $ 1,200 $ 1,801 $ 601 Required:Prepare any 2013 journal entry related to the change.

Answers

Answer and Explanation:

The journal entry is shown below:

Depreciation expense Dr $398,000

          To Accumulated depreciation $398,000

(Being the depreciation expense is recorded)

For recording this we debited the depreciation expense as it increased the expenses and credited the accumulated depreciation as it decreased the value of the assets

The computation of the depreciation expense is as follows

Cost of the asset               $3,250,000

Less: accumulated

depreciation till date       ($1,801,000)

Undepreciation cost        $1,449,000

Less:

Estimated residual value  ($255,000)

Value for remaining

3 years                               $1,194,000

Divided by 3 years              ÷ 3

Depreciation expense      $398,000

Christmas Timber, Inc., produces Christmas trees. The trees are produced through a cutting and pruning process. Machine maintenance and janitorial labors are performed throughout the production process by nonproduction employees. Maintenance and janitorial costs are allocated based on machine hours used and the number of trees in each department, respectively. The company estimates that the cutting and pruning areas typically have about 6 and 54 trees, respectively, in them at 1 time. The company also estimates that the cutting process requires about 9 times as many machine hours as the pruning process. The total costs of each department are as follows:

Maintenance Department $7,800
Janitorial Department 5,000
Cutting Department 54,500
Pruning Department 11,000

Using the direct method of support department cost allocation, determine the total cost of each production department after allocating all support costs to the production departments.

Answers

Answer:

Cutting = $62,020

Pruning = $16,280

Explanation:

The direct method does not consider the impact of reciprocal servicing arrangement when allocating the overhead  of service centers and only allocates overhead to the production cost centers only.

Allocation of Overhead

Janitorial overhead

Cutting = 6/(6+54)×   $5,000 = $500

Pruning =54/(6+54) ×  $5,000= $4,500

Maintenance overhead

Cutting = 9/(9+1)×   $7,800 = $7020

Pruning =1/(9+1) ×  $7,800= $780

Total cost of production department

Cutting = 54,500 + 500 + 7020= 62,020

Pruning department = 11,000 + 4,500 + 780 = 16,280

Cutting = $62,020

Pruning = $16,280

You own shares in Yahoo that were purchased at a price of $ 24 per share. Microsoft has offered to purchase Yahoo and buy your shares at a price of $ 34 per share. What will be your return if you tender your shares to Microsoft and the deal is​ completed

Answers

Answer:

Return  = 41.67%

Explanation

The return on a share is the sum of e capital gains and the dividend received all expressed as a percentage of the of the amount invested.

In the absence of the payment of dividend, the return

Return = capital gain/ Price of share × 100

Capital gain= Price of shares now - cost of shares

Capital gain = 34- 24 = 10

Return = 10/24 × 100 = 41.66666667

Return (%) = 41.67%

The Dominican Republic is considering placing a room tax on Eco Hotels. The preliminary analysis requires them to calculate consumer and producer surplus before the tax. Below are the demand and supply equations for eco hotel rooms in the Dominican Republic.
Demand equation: Qd = 2500 - 5P
Supply equation: Qs = 1OP - 500
Calculate consumer surplus. Number
Calculate producer surplus.

Answers

Answer:

The consumer surplus is 225,000

The producer surplus is 112,500

Explanation:

According to the given data we have the following:

Demand equation: Qd = 2500 - 5P

Supply equation: Qs = 1OP - 500

Therefore, the equilibrium is at demand equal to the supply

2500-5P=10P-500

15P=3000

P=200

Q=10P-500=10*200-500=1500

The inverse demand function is

P=500-0.2Q

Therefore, CS=0.5*(Pmax -Pe)*Qe

=0.5*(500-200)*1500

=225,000

The consumer surplus is 225,000

Regarding PS, maximum price or y-intercept of the demand curve

Pe and Qe are equilibrium price and quantity  the inverse supply curve

P=50+0.1Q

PS=0.5*(Pe-Pl)Qe

Pl=y intercept of supply curve

PS=0.5*(200-50)*1500

=112,500

The producer surplus is 112,500

Nordstrom Inc. reports net income of $600 million for its fiscal year ended January 2016. At the beginning of that fiscal year, Nordstrom had $9,245 million in total assets. By fiscal year ended January 2016, total assets had decreased to $7,698 million.
What is Nordstrom's ROA?

Answers

Answer:

The answer is 7.1%

Explanation:

ROA means Return on Asset. It is one of the profitability ratios. It tells us how profitable a company is in using its assets. It is the rate of return on assets owned by the business and it is expressed as a percentage. The formula for calculating it is:

Net profit ÷ total assets.

In this the question we have the beginning and the ending total assets, what we need to do is to find the average i.e ($9,245 million + $7,698 million) / 2 =$8,472.5 million

Therefore, Nordstrom's ROA is:

$600 million / $8,472.5 million

= 7.1%

Given the series of demand data below Period: 1 2 3 4 5 6 7 8 9 10 Demand: 42 35 58 42 27 49 40 41 27 41 a. Calculate the forecasts for periods 7 through 11 using moving average models with n = 2, n = 4, and n = 6. (Round your intermediate calculations and final answers to 1 decimal place.)

Answers

Answer:

Kindly check Explanation

Explanation:

Given :

Period: 1 2 3 4 5 6 7 8 9 10

Demand: 42 35 58 42 27 49 40 41 27 41

Using n = 2

Week - - - - - - - - - - n = 2

7 - - - - - - ( 27 + 49)/2 = 38

8 - - - - - - (49 + 40)/2 = 44.5

9 - - - - - - -(40 + 41)/2 = 40.5

10 - - - - - - (41 + 27)/2 =34

11 - - - - - - - (27 + 41)/2 34

Using n = 4

Week - - - - - - - - - - n = 4

7 - - - - - - (58 + 42 + 27 + 49)/4 = 44

8 - - - - - - (42 + 27 + 49 + 40)/4 = 39.5

9 - - - - - - -(27 + 49 + 40 + 41)/4 = 39.3

10 - - - - - - (49 + 40 + 41 + 27)/4 =39. 3

11 - - - - - - - (40 + 41 + 27 + 41)/2 = 37.3

Using n = 6

Week - - - - - - - - - - n = 6

7 - - - - - - (42 + 35 + 58 + 42 + 27 + 49)/6= 42.2

8 - - - - - - (35 + 58 + 42 + 27 + 49 + 40)/6 = 41.8

9 - - - - - - -(58 + 42 + 27 + 49 + 40 + 41)/6= 42.8

10 - - - - - - (42 + 27 + 49 + 40 + 41 + 27)/6 =39.7

11 - - - - - - - (27 + 49 + 40 + 41 + 27 + 41)/6 = 37.5

The moving average model is the measurement tool that determines the cumulative average of certain period based upon the records and data of previous periods.

Based upon the previous records the forecasts for the future periods can be predicted and determined.

The moving average model is used to forecast the future values using the estimating trend cycles of the past time values.

The forecasts for periods 7 through 11 is shown in the tables attached below, while taking three different values of n.

The "n" is the time value based upon which the data of previous records are taken.

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Trendz Inc. is a leading brand of fashion clothing and accessories based in Houston. After gaining a strong foothold in the U.S., the company wants to foray into foreign markets. The management at Trends knows that people residing in other countries are likely to have different tastes and preferences, so they may have to redesign some of their offerings. Which of the following strategies is Trendz using?
A) market-penetration strategy
B) outsourcing strategy
C) geographic-expansion strategy
D) product differentiation strategy
E) ethnocentric strategy

Answers

Answer:

The correct answer is the option D: product differentiation strategy.

Explanation:

To begin with, the fact that the company knows and understand that in other countries the people may have other needs and preferences is helpful because in that way they are able to investigate and start the creation and production of a good that adjusts to the preferences of that other country and by doing that the company leaves behind the concept of standarization and focus on the differentiation of its product by making it unique in every country they are in.

Barry is the branch manager of a large toy store. He has been given the responsibility to communicate with, coach, and motivate supervising managers. In this scenario, Barry most likely requires _____ to perform his role efficiently.
1. Human skills
2. Conceptual skills
3. Technical skills
4. Cognitive skills

Answers

Answer:

Human Skills

Explanation:

One advantage of the direct organizational plan is that it:________.
A. Results in more formal messages.
B. Positions the major news first.
C. Presents key topic sentences before subsequent ideas.
D. Arranges supporting details in order of priority.
E. Gives reasons up front to prepare the reader for negative news.

Answers

Answer:

B

Explanation:

One advantage of the direct organizational plan is that it positions the major news first.

The major news receives the most attention because of it importance,hence it is given proper analysis which in turn brings attention.

When the direct approachis used, the main idea (such as a recommendation, conclusion, or request) comes in as the top on the priority list of the document, followed by the evidence. This is a deductive argument. This approach is used when your audience will be neutral or positive about your message.

A mine is for sale for $240,000. It is believed the mine will produce a profit of $65,000 the first year, but the profit will decline $5,000 a year after that, eventually reaching zero, whereupon the mine will be worthless. What rate of return would this $240,000 investment produce for the purchaser of the mine

Answers

Answer:

60.4%

Explanation:

Initial cost = $240,000

profit of first year = $65,000

this is reduced subsequently until it reaches zero

Note that this value reduces in an arithmetic progression from $65,000 , $60,000, ... , 0

the first term A1 = 65,000

the common difference d is 60,000 - 65,000 = -5000

the last term is An = 0

we calculate for number of terms

An = A1 +  (n - 1)d

0 = 65,000 + (n - 1)(-5000)

0 = 65,000 - 5000n +5000

5000n = 70,000

n = 14

using the equation for summation of terms in an arithmetic progression Sn, we solve as

Sn = [tex]\frac{n}{2}[/tex][2A1 + (n - 1)d]

Sn = [tex]\frac{14}{2}[/tex][2(60,000) + (14 - 1)(-5000)]

Sn = 7[120,000 - 65,000]

Sn = 7 x 55,000

Sn = $385,000.  This is the total profit on the mine

rate of return = (385,000 - 240,000)/240,000 = 145,000/240,000 = 0.604

i.e 60.4%

Palisade Creek Co. is a merchandising business that uses the perpetual inventory system. The account balances for Palisade Creek Co. as of May 1, 2016 (unless otherwise indicated), are as follows:
110 Cash $ 83,600
112 Accounts Receivable 233,900
115 Merchandise Inventory 624,400
116 Estimated Returns Inventory 28,000
117 Prepaid Insurance 16,800
118 Store Supplies 11,400
123 Store Equipment 569,500
124 Accumulated Depreciation-Store Equipment 56,700
210 Accounts Payable 96,600
211 Salaries Payable ---
212 Customers Refunds Payable 50,000
310 Common Stock 100,000
311 Retained Earnings 585,300
312 Dividends 135,000
313 Income Summary ----
410 Sales 5,069,000
510 Cost of Merchandise Sold 2,823,000
520 Sales Salaries Expense 664,800
521 Advertising Expense 281,000
522 Depreciation Expense ---
523 Store Supplies Expense ---
529 Miscellaneous Selling Expense 12,600
530 Office Salaries Expense 382,100
531 Rent Expense 83,700
532 Insurance Expense ---
539 Miscellaneous Administrative Expense 7,800
During May, the last month of the fiscal year, the following transactions were completed:
May
1 Paid rent for May, $5,000.
3 Purchased merchandise on account from Martin Co., terms 2/10, n/30, FOB shipping point, $36,000.
4 Paid freight on purchase of May 3, $600.
6 Sold merchandise on account to Korman Co., terms 2/10, n/30, FOB shipping point, $68,500. The cost of the merchandise sold was $41,000.
7 Received $22,300 cash from Halstad Co. on account.
10 Sold merchandise for cash, $54,000. The cost of the merchandise sold was $32,000.
13 Paid for merchandise purchased on May 3.
15 Paid advertising expense for last half of May, $11,000.
16 Received cash from sale of May 6.
19 Purchased merchandise for cash, $18,700.
19 Paid $33,450 to Buttons Co. on account.
20 Paid Korman Co. a cash refund of $13,230 for returned merchandise from sale of May 6. The invoice amount of the returned merchandise was $13,500 and the cost of the returned merchandise was $8,000.
20 Sold merchandise on account to Crescent Co., terms 1/10, n/30, FOB shipping point, $110,0000. The cost of the merchandise sold was $70,000.
21 For the convenience of Cresecent Co., paid freight on sale of May 20, $2,300.
21 Received $42,900 cash from Gee Co. on account.
21 Purchased merchandise on account from Osterman Co., terms 1/10, n/30, FOB destination, $88,000.
24 Returned damaged merchandise purchased on May 21, receiving a credit memo from the seller for $5,000.
26 Refunded cash on sales made for cash, $7,500. The cost of the merchandise returned was $4,800.
28 Paid sales salaries of $56,000 and office salaries of $29,000.
29 Purchased store supplies for cash, $2,400.
30 Sold merchandise on account to Turner Co., terms 2/10, n/30, FOB shipping point, $78,750. The cost of the merchandise sold was $47,000.
30 Received cash from sale of May 20 plus freight paid on May 21.
31 Paid for purchase of May 21, less return of May 24.
Required:
Enter the May 1 balances of each of the accounts in the appropriate balance column of a four-column account.
Enter May 1 in the date column. Write Balance in the item section, and place a check mark (?) in the Posting Reference column.

Answers

Answer:

1 Paid rent for May, $5,000.

Dr Rent expense 5,000

    Cr Cash 5,000

3 Purchased merchandise on account from Martin Co., terms 2/10, n/30, FOB shipping point, $36,000.

Dr Merchandise inventory 36,000

    Cr Accounts payable 36,000

4 Paid freight on purchase of May 3, $600.

Dr Merchandise inventory 600

    Cr Cash 600

6 Sold merchandise on account to Korman Co., terms 2/10, n/30, FOB shipping point, $68,500. The cost of the merchandise sold was $41,000.

Dr Accounts receivable 68,500

    Cr Sales revenue 68,500

Dr Cost of Merchandise Sold 41,000

    Cr Merchandise inventory 41,000

7 Received $22,300 cash from Halstad Co. on account.

Dr Cash 22,300

    Cr Accounts receivable 22,300

10 Sold merchandise for cash, $54,000. The cost of the merchandise sold was $32,000.

Dr Cash 54,000

    Cr Sales revenue 54,000

Dr Cost of Merchandise Sold 32,000

    Cr Merchandise inventory 32,000

13 Paid for merchandise purchased on May 3.

Dr Accounts payable 36,000

    Cr Cash 36,000

15 Paid advertising expense for last half of May, $11,000.

Dr Advertising expense 11,000

    Cr Cash 11,000

16 Received cash from sale of May 6.

Dr Cash 67,130

Dr Sales discounts 1,370

    Cr Accounts receivable 68,500

19 Purchased merchandise for cash, $18,700.

Dr Merchandise inventory 18,700

    Cr Cash 18,700

19 Paid $33,450 to Buttons Co. on account.

Dr Accounts payable 33,450

    Cr Cash 33,450

20 Paid Korman Co. a cash refund of $13,230 for returned merchandise from sale of May 6. The invoice amount of the returned merchandise was $13,500 and the cost of the returned merchandise was $8,000.

Dr Sales revenue 13,230

   Cr Cash 13,230

Dr Merchandise inventory 8,000

    Cr Cost of Merchandise Sold 8,000

20 Sold merchandise on account to Crescent Co., terms 1/10, n/30, FOB shipping point, $110,0000. The cost of the merchandise sold was $70,000.

Dr Accounts receivbale 110,000

    Cr Sales revenue 110,000

Dr Cost of Merchandise Sold 70,000

    Cr Merchandise inventory 70,000

21 For the convenience of Cresecent Co., paid freight on sale of May 20, $2,300.

Dr Accounts receivable 2,300

    Cr Cash 2,300

21 Received $42,900 cash from Gee Co. on account.

Dr Cash 42,900

    Cr Accounts receivable 42,900

21 Purchased merchandise on account from Osterman Co., terms 1/10, n/30, FOB destination, $88,000.

Dr Merchandise inventory 88,000

    Cr Accounts payable 88,000

24 Returned damaged merchandise purchased on May 21, receiving a credit memo from the seller for $5,000.

Dr Accounts payable 5,000

    Cr Merchandise inventory 5,000

26 Refunded cash on sales made for cash, $7,500. The cost of the merchandise returned was $4,800.

Dr Sales revenue 7,500

   Cr Cash 7,500

Dr Merchandise inventory 4,800

    Cr Cost of Merchandise Sold 4,800

28 Paid sales salaries of $56,000 and office salaries of $29,000.

Dr Wages expense 85,000

    Cr Cash 85,000

29 Purchased store supplies for cash, $2,400.

Dr Supplies 2,400

    Cr Cash 2,400

30 Sold merchandise on account to Turner Co., terms 2/10, n/30, FOB shipping point, $78,750. The cost of the merchandise sold was $47,000.

Dr Accounts receivable 78,750

    Cr Sales revenue 78,750

Dr Cost of Merchandise Sold 47,000

    Cr Merchandise inventory 47,000

30 Received cash from sale of May 20 plus freight paid on May 21.

Dr Cash 110,100

Dr Sales discounts 2,200

    Cr Accounts receivable 112,300

31 Paid for purchase of May 21, less return of May 24.

Dr Accounts payable 83,000

    Cr Cash 82,170

    Cr Purchase discounts 830

       

I prepared a general ledger for May in an excel spreadsheet that I attached.

Pennewell Publishing Inc. (PP) is a zero growth company. It currently has zero debt and its earnings before interest and taxes (EBIT) are $80,000. PP's current cost of equity is 10%, and its tax rate is 40%. The firm has 10,000 shares of common stock outstanding selling at a price per share of $48.00. Refer to the data for Pennewell Publishing Inc. (PP). Assume that PP is considering changing from its original capital structure to a new capital structure with 35% debt and 65% equity. This results in a weighted average cost of capital equal to 9.4% and a new value of operations of $510,638. Assume PP raises $178,723 in new debt and purchases T-bills to hold until it makes the stock repurchase. PP then sells the T-bills and uses the proceeds to repurchase stock. How many shares remain after the repurchase, and what is the stock price per share immediately after the repurchase?

Answers

Answer:

Price per share after repurchase = $51.064

Shares remaining after repurchase = 6500

Explanation:

Given the following :

Value of operations = $510,638

Value of T-bills = value of debt = $178,723

Therefore, value of equity = $510,638

Number of common shares = 10,000

Price per share = Value of equity / Number of shares

Price per share = $510,638 / 10,000 = $51.064

Price per share prior to repurchase is the same as price per share after repurchase.

However, number of shares repurchased equals;

$178,723 / $51.064 = 3499.99 = 3500 shares

Number of shares left after repurchase :

Totals shares - shares repurchased

10,000 - 3500 = 6,500

A company issues a callable (at par) ten-year, 6% coupon bond with annual coupon payments. The bond can be called at par in one year after release or any time after that on a coupon payment date. On release, it has a price of $104 per $100 of face value. What is the yield to worst of this bond when it is released

Answers

Answer:

6.32%

Explanation:

This can be calculate using  the YTC using the following equation:

YTC  = (C + (CP - P) / t) / ((CP + P) / 2)  .......................... (1)

Where:

YTC = YTW = yield to call  or yield to worst = ?

C = annual coupon  interest payment = bond interest rate * Bond price = 6% * $100 = $6

CP = call price of the bond  = $104

P = price of the bond  = $100

t = time in years remaining until the call date  = 10 - 1 = 9 years

Substituting the values into equation (1), we have:

YTC  = ($6 + ($104 - $100) / 9) / (($104 + $100) / 2)  = 0.0632, or 6.32%

Shelton Co. purchased a parcel of land six years ago for $873,500. At that time, the firm invested $145,000 in grading the site so that it would be usable. Since the firm wasn't ready to use the site itself at that time, it decided to lease the land for $54,000 a year. The company is now considering building a warehouse on the site as the rental lease is expiring. The current value of the land is $925,000. What value should be included in the initial cost of the warehouse project for the use of this land?

Answers

Answer:

$925,000

Explanation:

The value of the land that would be included in the initial cost of the warehouse is it market value of $925,000 which the land currently commands.

The rationale for this are numerous:

Firstly,if the land was not previously owned by Shelton Co, would have to purchase a similar land at its market value.

Secondly, if the land was not deployed to the project, it could be sold now for cash at $925,000

Helix Company has been approached by a new customer to provide 2,000 units of its regular product at a special price of $6 per unit. The regular selling price of the product is $8 per unit. Helix is operating at 75% of its capacity of 10,000 units. Identify whether the following costs are relevant to Helix's decision as to whether to accept the order at the special selling price. No additional fixed manufacturing overhead will be incurred because of this order. The only additional selling expense on this order will be a $0.50 per unit shipping cost. There will be no additional administrative expenses because of this order. Calculate the operating income from the order.

Answers

Answer:

Helix decision would be to accept this order at the special price because from the calculations they will still have a net income of $2,000 at this special price of $6 per unit

Explanation:

Selling price: at $6 per unit; This is a relevant cost ; Revenue = ($6*2000) units) $12,000

_________________________

Direct material cost: at $1 per unit; This is a relevant cost; Revenue = (1 * 2000) $2000

____________________________

Direct labor cost: at $2 per unit; This is a relevant cost ; Revenue = (2 * 2000) $4000

____________________________

Variable manufacturing overhead: at $1.50 per unit; This is a relevant cost; Revenue = (1.50 * 2000) $3,000

____________________________

Fixed manufacturing overhead: at $0.75 per unif; This is not a relevant cost; Revenue = $0 (not relevant)

_____________________________

Regular selling expenses: at $1.25 per unit; This is not a relevant cost; Revenue = $0(not relevant)

______________________________

Additional selling expenses(shipping cost) : at $0.50 per unit; This is a relevant cost; Revenue = (0.50 * 2000) $1,000

______________________________

Administrative expenses: at $0.75 per unit; This is not a relevant cost; Revenue = $0

__________________________

Total operating expenses: Sum of all relevant cost = (Direct material cost + Direct labor cost + Variable manufacturing overhead + Additional selling expenses) = ($2,000 + $4,000 + $3,000 + $1,000) = $10,000

__________________________

Net income : (Selling price - Total operating expenses)= ($12,000 - $10,000) = $2,000

________________________

Yes, Helix should accept the order at the special price

______________

Helix decision would be to accept this order at the special price because from the calculations they will still have a net income of $2,000 at this special price of $6 per unit

The employees of an organization have heard rumors about rapidly dropping profits and impending layoffs. The grapevine is abuzz with bad news. People are nervous and anxious, and are starting to believe whatever is being said without verifying the source. In this situation, an appropriate action for a manager to take is to

Answers

Answer:

A. neutralize the rumor by openly confirming any parts that may be true.

Explanation:

Here are the options to this question:

A. neutralize the rumor by openly confirming any parts that may be true.

B. restrict the length of breaks taken by the employees.

C. closely monitor each employee's activities in the office.

D. fire employees found spreading false stories.

E. block all forms of electronic communication in the office.

I hope my answer helps you

In contemporary Japanese society, a group is associated with:______
a. the immediate family.
b. gender roles.
c. traditional friendships.
d. the company a person works for.
e. the educational environment.

Answers

Answer:

d. the company a person works for.

Explanation:

In contemporary Japanese society, a group is associated with the company a person works for.

A group typically comprises of two or more people who share some things in common such as identity, aims, interest and are willing to work in an accord.

Hence, the company or organization an individual works for, is usually considered to be a group in the contemporary Japanese society.

This is so because employees are blinded by a common goal, aim, interest to allow them work effortlessly, effectively and efficiently together.

In contemporary Japanese society, a group is associated with the company a person works for.

Japanese culture is known for its principle of working together as a group. Japan is known to be collectivistic nation as they focus on what is good for the group instead of the individual.

In Japanese society, there is self-employment in agriculture and business as well as low-income and unpaid family workers who work together in afamily like manner.

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The following revenue and expense account balances were taken from the ledger of Wholistic Health Services Co. after the accounts had been adjusted on February 28, 2019, the end of the fiscal year:
Depreciation Expense $9,000 Service Revenue $270,900
Insurance Expense 4,000 Supplies Expense 3,000
Miscellaneous Expense 6,000 Utilities Expense 1,760
Rent Expense 4,200 Wages Expense 213,000
Prepare an income statement.

Answers

Answer:

Wholistic Health Services Co.

Income Statement for the year end February 28, 2019

Service Revenue                           $270,900

Less: Supplies Expense                $3,000    

Gross Income                                  $267,900

Less operating Expenses:

Insurance Expense         $4,000

Depreciation Expense    $9,000

Miscellaneous Expense $6,000

Utilities Expense             $1,760

Rent Expense                  $4,200

Wages Expense              $213,000

                                                       $237,960

Net Income                                    $29,940      

Explanation:

Income statement shows the performance of the company in a year. It provides the details of revenue, expenses and profits for the year. All the expenses are deducted from the revenue to determine the net earning of the business.

According to the UN Charter, one of the four purposes of the UN is to:

a. be a center for harmonizing the actions of nations.
b. encourage high tariffs on imports of manufactured goods.
c. provide enhanced protection for patents.
d. promote the establishment of multinational treaties.
e. facilitate globalization of production.

Answers

Hi I actually don’t know sorry

Ready Ride is a trucking company. It provides local, short-haul, and long-haul services. It has developed the following three cost pools.
Activity Cost Pool Cost Drivers Estimated Overhead Estimated Use
of Cost Driver per Activity
Loading and unloading Number of pieces $85,785 90,300
Travel Miles driven 468,000 585,000
Logistics Hours 65,520 3,120
Compute the activity-based overhead rates for each pool.
Activity Cost Pool Activity-Based overhead Rate
Loading and unloading per piece
Travel per mile
Logistics per hour
Determine the overhead allocated to Job XZ3275 which has 150 pieces, requires 200 miles of driving, and 0.75 hours of logistics.

Answers

Answer:

Total allocation= $318.25

Explanation:

Giving the following information:

Loading and unloading: Number of pieces - $85,785 - 90,300

Travel: Miles driven - $468,000 - 585,000

Logistics: Hours - $65,520 - 3,120

Determine the overhead allocated to Job XZ3275 which has 150 pieces, requires 200 miles of driving, and 0.75 hours of logistics.

First, we need to calculate the estimated overhead rate for each activity:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Loading and unloading= 85,785/90,300= $0.95 per piece

Travel= 468,000/585,000= $0.8 per mile

Logistics= 65,520/3,120= $21 per hour

Finally, we can allocate overhead to Job XZ3275:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Loading and unloading= 0.95*150= $142.5

Travel= 0.8*200= $160

Logistics= 21*0.75= $15.75

Total allocation= $318.25

Which of the following statements is FALSE about opportunity​ cost? A. Opportunity cost exists only for goods with monetary values. B. Cost is always foregone opportunity. C. When a person buys two​ items, the concept of opportunity cost applies even though she can afford to buy both items. D. Opportunity cost is the next best alternative.

Answers

Answer:

A. Opportunity cost exists only for goods with monetary values.

Explanation:

Fundamentally, these are costs in economics used in analysis of a project, and it can also be used for calculation of cost benefits. It is generally known to measure or do all calculation that deals with the current and also forgone alternatives in any condition but this is mainly in economics where it is mostly used.

It is said that when a person buys two or more items, the concept of opportunity cost applies even though she can afford to buy both items and also known to be the best alternative. Here also, cost is notified as foregone opportunity.

Arizona Crystal is a distributor of feldspar, amethyst and other mystically powerful types of crystals. The owner of Arizona Crystal, Geri Moonbeam, is proud to be a part of the movement that is contributing to the higher spirituality of the world. Geri buys crystals from local collectors and then ships them out to wholesalers throughout the country. Geri pays cash for the crystals, but she extends credit to the wholesalers. As the business has grown, problems have arisen. When Geri buys more crystals than she can sell, inventory increases and cash flow problems arise. When Geri doesn’t buy enough crystals, then she can’t fill orders and that creates problems with her customers. She needs to base her buying decisions on accurate forecasts of the demand for crystals so she can avoid these problems. After consulting her tarot cards, Geri visits a friend from El Paso, Texas, who channels for a Wall Street tycoon who didn’t survive the crash of 1929. He recommends that, since she only has twelve months of data, she should try using a moving average or exponential smoothing forecasting model. So Geri contacts you. She provides you with data on the number of crystals (in thousands) ordered during each of the past twelve months and asks you to help her develop a forecasting model. 8. Use a five period moving average model to forecast the demand in January of 1993. Also calculate the RMSE for this model. Use the table below to carry out your calculations. How does this model compare with the three period model? Month Demand (A) Demand (F) (A-F)2 Jan-92 25.6 Feb-92 24.7 Mar-92 21.3 Apr-92 13.9 May-92 12.6 Jun-92 18.0 Jul-92 21.5 Aug-92 22.3 Sep-92 30.7 Oct-92 15.0 Nov-92 13.8 Dec-92 22.6

Answers

Answer:

Explanation:

Month       Demand (A)        Demand (F)         (A-F)²

Jan-92         25.6                      -                        0

Feb-92        24.7                      -                        0

Mar-92        21.3                       -                        0

Apr-92        13.9                       -                          0

May-92       12.6                19.62          49.28

Jun-92        18.0                18.1             0.01

Jul-92         21.5                17.46          16.32

Aug-92       22.3               17.66           21.53

Sep-92       30.7                21.02          93.7

Oct-92        15.0                21.5            42.25

Nov-92       13.8                20.66         47.06

Dec-92       22.6               20.88         29.58

The demand for january of 1993 is 20.88

RMSE² = 49.28+0.01+16.32+21.53+93.7+42.25+47.06+29.58

=299.73

[tex]=\frac{299.73}{12} \\\\= 24.98[/tex]

RMSE = √24.98

=4.99

The model has higher values of demand and RMSE than that of three month moving average model

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