International Marketing & Export Management 7th edition Gerald Albaum, Edwin Duerr - Solutions

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Average cost minimization. TR= $3000Q - $0.5Q2TC= $100,000 + $1,500Q + $0.1Q2a. Calculate output, marginal cost, average cost, price, and profit at the average cost-minimizing activity level.b. Calculate these values at the profit-maximizing activity level
We have a $400,000, 30 year, 12% mortgage. We want to knowa. The monthly mortgage payment.b. How much we need to pay the bank in addition to the regular payments in 20 years to pay off the mortgage.c. If we pay $50,000 in 10 years, in addition to the regular payments, how many more months we need
Discuss which approach to substantive testing you believe to be the most effective and indicate why. Create a way, other than using confirmations, for an auditing team to substantiate account balances and how the firm should go about implementing the new approach.
There is a perception among some that affirmative action results in quotas and reverse discrimination. Discuss the justification for affirmative action and whether affirmative action indeed results in quotas and reverse discrimination. Include your opinion.
Willco Inc. manufactures electronic parts. They are analyzing their monthly maintenance costs to determine the best way to budget these costs in the future. They have collected the following data for the last six months:Using the high-low method and the Willco data, calculate the variable
Determine under what circumstances it would be advantageous to increase your debt by investing in real estate in order to take advantage of tax saving opportunities. Specifically, consider how either starting a business or going into the real estate business might fit into this strategy and explain
Explore the tax consequences of selling inherited property and determine how the tax basis is calculated for profit or loss. In terms of transferring assets to family members, state how this action may impact your tax liability.
Evaluate the pros and cons related to an exclusion of a $250,000 gain for a primary residence and how using this residence as rental property could impact the gain or loss determination for the homeowner taxpayer. Recommend tax planning strategies and what can be done to ensure that the exclusion
The following labor standards have been established for a particular product made by Dodoo-GIllespie Corp.Standard labor hours per unit of output 8.1 hoursStandard labor rate $14.40 per hourThe following data pertain to operations concerning the product for the last month:Actual hours worked 8,700
Duracell Ltd claim that the life of their batteries in motorised soft toys is approximately normally distributed with a mean of 102.9 hours and a standard deviation of 16.5 hours. The best 65% of batteries would last beyond how many hours? Answer correct to 2 decimal places?
Premier Corp. has sales of $870,539, and cost of goods sold equal to 74 percent of sales. Assume all sales are credit sales. If the firm’s accounts receivable total $138,135 and its operating cycle is 71.1 days, how much inventory does the firm have?
What would be an example of an innovative company? Why is this company innovative? Why are some companies more innovative than others? How should organizations be structured to foster innovation?
Financial statement construction via ratios. Incomplete financial statements of Lock Box, Inc., are presented below.LOCK BOX, INC.Income StatementFor the Year Ended December 31, 19X3SalesCost of goods soldGross profit ....................$1,50,00,000Operating expenses & interestIncome before
Cash flows from operating activities (indirect and direct methods). Presented below is the income statement of Smiling Tiger, Inc.Sales ................ $525,000Cost of goods sold ......... $260,000Gross profit .............. $265,000Operating expenses ........... $106,000Income before income taxes
An office building is purchased with the following projected cash flows:NOI is expected to be $130,000 in year 1 with 5 percent annual increases.The purchase price of the property is $720,000.100% equity financing is used to purchase the propertyThe property is sold at the end of year 4 for
Why might a commercial real estate investor borrow to help finance an investment even if she could afford to pay 100 percent cash?
With a purchase price of $350,000, a small warehouse provides for an initial before-tax cash flow of $30,000, which grows by 6 percent per year. If the before-tax equity reversion after four years equals $90,000, and an initial equity investment of $175,000 is required, what is the IRR on the
For a loan of $100,000, at 7 percent interest for 30 years, find the balance at the end of 4 years and 15 years.
A mortgage banker is originating a level-payment mortgage with the following terms:Annual interest rate: ....................... 9 percentLoan term: ..................................... 15 yearsPayment frequency: ....................... monthlyLoan amount:
What are the differences between material participation, active participation, and significant participation?
Discuss several differences between long-term commercial mortgages and their residential counterparts.
With respect to complying with applicable landlord-tenant laws, would you rather be managing an apartment complex or an office building? Explain.
In year 2007, Andrew contributes equipment with an adjusted basis of $20,000 and a FMV of $18,000 to Construction Limited Partnership (CLP) in return for a 3% limited partnership interest. Andrew’s share of CLP income and losses for the year were as follows:Interest ........ $ 500Dividends
During the month of April, Macon Co. had cash receipts from customers of $85,000. Expenses totaled $78,000, and accrual basis net income was $21,000. There were no gains or losses during the month.Required:Calculate the revenues for Macon Co. for April.
Christine died owning an interest in a passive activity property. The property had an adjusted basis of $210,000, a fair market value of $224,000, and suspended losses of $21,000. What can be deducted on her final income tax return?
This year Robert had the following income and losses from four passive activities:Activity 1 ........($20,000)Activity 2 ........($10,000)Activity 3 ........ ($ 5,000)Activity 4 ........ $33,000Activity 4 had $10,000 of passive losses that are carried over from a prior year. Robert also had wages
Jackson invested $190,000 in a passive activity five years ago. On January 1, 2005, his at-risk amount in the activity was $45,000. His shares of the income and loses in the activity were $52,000 loss 2005, $20,000 loss in 2006, and $80,000 gain in 2007. How much can Jackson deduct in 2005 and
Calculate income from operations and net incomeNet cash provided by operation ..............$ 49,000Cost of goods sold ...................$155,000Selling, general, and administrative expenses ........$ 62,000Accounts payable ..................$ 45,000Extraordinary loss from hurricane, net of
Arnold exercised an incentive stock option in 2004, acquiring 1,500 shares of stock at an option price of $80 per share. The FMV of the stock at the date of exercise was $110 per share. In 2006, the rights become freely transferable and are not subject to a substantial risk of forfeiture. Arnold
On June 30, 2006, Athens Company issued $1,500,000 of 10-year, 8% bonds, dated June 30, for $1,540,000. The bonds were purchased by Palermo Co. on the issue date at the issue price. Present entries to record the following transactions: (a) Athens Company (l) Issuance of bonds. (2) Payment of first
Champs, Inc incurred the following costs during March:Selling Expenses ............ $31,675Direct Labor ............. $56,628Interest Expense ............. 8,213Manufacturing overhead, actual ...... 40,950Raw Materials, used ............ 92,196Administrative expenses .........
Prepare a Pro Forma Income Statement Net Sales = 2,938 COGS = 1,598 SG&A = 475 Depreciation = 45 Interest Exp = 32 Tax = 15%.Net SalesCost Of Goods SoldGross ProfitSelling & Admin ExpDepreciationInterest ExpIncome Before TaxesIncome TaxesNet Profit
The State Spartan Corporation is considering two mutually exclusive projects. The cash flows associated with those projects are as follows:The required rate of return on these projects is 10 percent.a. What is each project's payback period?b. What is each project's net presentvalue?
Are the valuation models for common stock with constant, zero growth dividend payments and for preferred stock very similar?
How can a company reduce its cash conversion cycle? Discuss.
Randazzo may produce 80,000 components per year for various vehicles and 5,000 per year for the corvette. Selling prices vary greatly across the product line as a result of market supply and demand. The machine shop is automated. By changing cutting tools and entering different measurements into
Dynamic Products, Inc. manufactures a wide variety of products in its planet in Macon, Georgia. Management has identified the following manufacturing and administrative activities.1. Special equipment is used to add a protective finish to a various products.2. Purchase order as issued to acquire
Pakison, Inc. had 200,000 shares of $20 par common stock and 20,000 shares of $100 par, 6 percent cumulative, convertible preferred stock outstanding for the entire year ended December 31, 2010. The preferred stock is convertible into 5 shares of common stock. Parkison’s net income for 2010 was
The following information is taken from Satin financial statements (amounts in thousands):Inventory Footnote: If the first-in, first-out method of accounting for inventory had been used, inventory would have been approximately $26.9 million and $25.1 million higher than reported at 12/31/2010 and
Dasher Builder's, Inc. shows the following as of December 31, 2012. - Sold available for sales securities for $650,000 - Acquired 50% of Elven Corp's common stock for $310000 cash which was borrowed from Peppermint's Bank. - Issued 2,000 shares of its preferred stock for land having
Four percent of DVD players manufactured by an electronics company are defective. Suppose six DVD players are randomly selected from the production line. Each DVD player is determined to be defective or non-defective.a. What is the probability that none of the DVD players are defective?b. What is
The following task, in which you are asked to conduct a small number of simulation trials, should be done with manual calculations. Please be aware that the simulation results of such a small number of trials would not be sufficient for one to draw valid conclusions in a real situation. A large
Fabricator Inc., a specialized equipment manufacturer, uses a job order costing system. The overhead is allocated to jobs on the basis of direct labor hours. The overhead rate is now $ 3,000 per direct labor hour. The design engineer thinks that this is illogical. The design engineer has stated the
Olympia Sports store wants to determine whether or not to concentrate its advertising on athletic shoes for the "serious" athlete or the "weekend" athlete. The store also wants to know which type of use is the most popular. The marketing department gathered the following information from randomly
A couple plans to have 4 children.List the different outcomes according to the gender of each child. Assume that these outcomes are equally likely.1. How many events are possible?2. Find the probability of getting exactly 2 girls.3. Find the probability of getting exactly 2 children of each gender.
A) In a casino game craps, you can bet the next roll of the two dice with result in a total of 2. The probability of rolling 2 is 1/36. Find the odds against rolling 2.B) If you bet $5 that the next roll of the dice will be 2, you will collect $155 (including your $5 bet) if you win. First identify
A supervisor must visit 8 different distribution locations around the country. She can visit them in any order, but wishes to find the most convenient sequence. How many sequences are possible?
There are 12 members on the board of directors for Cliffside General Hospital.a. If they must elect a chairperson, first vice chairperson, second vice chairperson, and secretary, how many different slates of candidates are possible?b. If they must form an ethics subcommittee of 4 members, how many
In a market study for Zellers, a researcher found that 70% of customers are repeat customers. If 12 customers are selected at random, find the probability of getting.a. Exactly 9 of them are repeat customersb. At least 9 of them are repeat customersc. At most 9 of them are repeat customers
List and describe three specific internal control activities you have observed at work (current or past work experience). As part of your description, be sure to state the risk or risks they are designed to mitigate.
Islam may be called a universal religion in that it recognizes one God who rules the entire world. On the other hand, because Islam grew out of a particular seventh-century Arabian context, Muslims claims that its central document, the Qur'an, must be read in Arabic in order to be fully
What cultural issues can you identify which make Islam a tougher sell in many cultures- especially Western ones?Do you see culture by nature divisive is or does it divide because we allow or make it divisive?
Another interesting aspect of Islam is Sharia. One author describes Islam as a religion-political system due, in large part, to the emphasis upon Sharia. Please respond in one post to all of the following:How would you describe/define Sharia?What unique challenges does it create for being a
How does the relationship between government and policing affect the criminal justice system? Does the criminal justice system need more or less of a governmental relationship to be effective?
You’re the managing partner in a law firm with 55 male associates and 45 female associates, and you agree with the argument that women lawyers need to “self-promote” more effectively. Which approach to motivation would you apply to encourage female associates in your firm to
Using a 4.5% discount rate, calculate the Net Present Value, Payback, Profitability Index, and IRR for each of the investment projects below (note, the inflows are for each year).Based on your calculations rank the projects and support you answer.
“Wonderful!” Not only did our salespeople do a good job in meeting the sales budget this year, but our production people did a good job in controlling costs as well,” said Kim Clark, president of Martell Company. “Our $18,300 overall manufacturing cost variance is only 1.2% of the
a. Defend the statement that the first step in making project management work must be a complete definition of the boundaries across which the proper manager must interact.b. Your company has assigned one of its vice presidents to function as your project sponsor. Unfortunately, your sponsor
In a four-page paper, apply the concept of value innovation to new business opportunities in the green home building industry.
During the current year, Karen sells her entire interest in Central Corporation common stock for $22,000. She is the sole shareholder, and originally organized the corporation several years ago by contributing $89,000 in exchange for her stock, which qualifies as Sec. 1244 stock.Since its
Short-site.Com earned after-tax cash flows of $10,000,000 last year, and expects the cash flows to continue to infinity. The company has no debt, and its cost of equity is 12%. The corporate tax rate is 40%. Suppose the firm decides to change its capital structure by borrowing at 8% interest.
Suggest how an economist would approach the problem of alcohol abuse. Provide two (2) possible solutions to this problem. Include the four (4) elements of the economic way of thinking in your analysis. Analyze how prescription drugs affect the demand and supply of other products and services in
1. How much would you have in a bank account at the end of 9 years if $9,390 is invested at 3% compounded quarterly?2. Suppose that you have $25,000 that you would like to invest for 5 years and you are trying to decide between investing at two different banks. Trust Us Bank offers interest at
Wageweb conducts surveys of salary data and presents summaries on its website. Based on salary data as of October 1, 2002, Wageweb reported that the average annual salary for sales vice presidents was $142,111, with an average annual bonus of $15,432.Assume the following data are a sample of the
How has wireless media affected telecommunication?
What are the benefits and drawbacks of location-based applications for businesses and individual users?
Describe the benefits of using Microsoft® Access® in the work environment.
Determining the reasons for a corporation to declare a stock dividend and a stock split? (From an accounting theory point of view)
The projected cost of a lamp is calculated based upon the projected increases or decreases to current costs. The present costs to manufacture one lamp are:Lamp Kit: $16.0000000 per lampDirect Labor: 2.0000000 per lamp (4 lamps/hr.)Variable Overhead: 2.0000000 per lampFixed Overhead: 10.0000000 per
Compare and contrast a polynomial function and a rational function. (Hint: include similarities and differences that outline the format, degree, and/or graphical features: domain, etc.). Provide an example to fully showed how each function is worked. Of the 2 types which one makes the most sense to
Nietzsche, in Beyond Good and Evil, makes a distinction between what he claims are the two 'types' of morality. Saying that there are 'certain traits regularly recurring together', he proceeds to describe them, and classifies previous systems of morality into those categories. What are the two
For this exercise refer to the formulas for compound interest. A=P (1 + r/n) and Pe. Interest rate: At which interest rate, to the nearest hundredth of a percent, will $16,000 grow to $20,000 if invested for 5.25 yr and interest is compounded quarterly?
Baker, a branch manager, is allowed a bonus of 10% of income after bonus and tax. If the tax rate is 30% and income before bonus and tax is $200,000, what is Mr. Baker's bonus?
The Jung Company includes a premium in each box of its cereal. For four premiums plus $2.00, customers are entitled to a plastic doll that costs Jung $4.50 each. Jung expects 60% of the premiums to be redeemed. In 2010, Jung sold 500,000 boxes of cereal and distributed 25,000 dolls. What is Jung's
Paul Company includes three coupons in each package of crackers it sells. In exchange for 20 coupons, a customer will receive a cheese plate. Paul estimates that 30% of the coupons will be redeemed. In 2010, Paul sold 4,000,000 boxes of crackers and purchased 150,000 cheese plates at $2.50 each.
The Chipo Company includes one coupon having no expiration date with its deluxe snack pack. Upon return of 10 coupons, Chipo will send a silver chip clip, which costs Chipo $1.50 each. Past experience indicates that 30% of coupons issued will be redeemed. Chipo began this promotion in 2010 and sold
A large hospital uses 816 cases of liquid cleanser annually. Ordering costs are $12, carrying costs are 20% of the price per case per year. A new price schedule is shown below.In the boxes below, indicate how many cases the hospital should order to minimize total costs. Also indicate the price they
Scores are obtained from the Law School Admission Test (LSAT) are normally distributed with a mean score of 550 and a standard deviation of 110.If a test score is selected at random, find the probability that it is less than 750.If the top 15% of the test scores are usually good enough for
Assume that female students’ heights are normally distributed with a mean given by µ = 64.2 in. and a standard deviation given by σ = 2.6 in.If one female student is randomly selected, find the probability that her height is above 63.0 in. If 100 female students are randomly selected, find the
As part of his review for a chemistry test, a student randomly selects (without replacement) 40 out of 102 elements listed on the standard tables, and tries to guess their atomic numbers. Given that the mean of all 102 atomic numbers is 51.794, and the population standard deviation is 29.804, what
A random sample of 250 Ontario households using natural gas heating show that the mean monthly consumption of natural gas is 107.73 cu. ft., with a standard deviation of 13.94 cu. ft. Use these statistics to construct a 94% confidence interval for the mean monthly consumption for the population of
A psychologist has to develop a new test of spatial perception, and she wants to estimate the mean score achieved by male pilots. How many people must she test if she wants the sample mean to be in error by no more than 2.0 points, with 95% confidence? An earlier study suggests that σ = 21.2.
In a study relating the amounts of time required for room service delivery at a newly opened Radisson Hotel, 20 deliveries had a mean time of 24.2 min and a standard deviation of 8.7 min. The sample data appears to have a bell-shaped distribution. Find the 90% confidence interval for the mean time
Topic Paper: In your opinion, is the current monetary policy that the Federal Reserve System pursuing helping or hurting our economy? Please give examples to back up your views. The length of this paper should be 4-8 pages. The requirements for the paper include using at least four resources (your
The Department of Homeland Security conducted a bottom-up review (BUR) in conjunction with the Quadrennial Homeland Security Review (QHSR) to determine the status of America’s homeland security strategy. The QHSR was a first and essential step of a multi-step process to answer key questions
Determine the price of a put option using put-call parity under the following conditions: price of the underlying asset is $118; exercise price of the options is $100; price of the call option is $26; six months to expiration; risk-free rate of 4.8%.Describe the manner in which put-call parity can
a. Many public universities are quite similar to their private counterparts. Indeed, some large state universities receive less than 25 percent of their resources from the state. How, then, can you account for the substantial differences in their reporting practices?b. How does discrete
Given her evaluation of current economic conditions, Ima Nutt believes there is a 20 percent probability of recession, a 50 percent chance of continued steady growth, and a 30 percent probability of inflationary growth. For each possibility, Ima has developed an interest rate forecast for long-term
The following data come from the financial statements of The Fun in the Sun Company for the year ended May 31, 2013 (in millions).Data TablePurchase of property, plant and equipment......................................................................$3,510Net
Define the term "contingent liability" and discuss the criteria used to classify these events or conditions. Provide some examples of contingent liabilities.
Discuss the steps used by an auditor to evaluate an entity's ability to continue as a going concern.
There are several important disclosure items to consider when auditing the purchasing process. Discuss what they are and why they are important.
Why is depreciation for income tax purposes an important concern of taxpayers and how does tax depreciation differ from financial accounting depreciation?
A firm has debt with a face value of $100. Its projects will pay a safe $80 tomorrow. Managers care only about shareholders. A new quickie project comes along that cost $20, earns either $10 or $40 with equal probabilities, and does so by tomorrow.(a) Is this a positive –NPV project?(b) If the
Jumpin Jehosa Phats was incorporated on January 1, 2012 and a year later it needs $10,000,000 to expand operations. JJ Phats is the sole shareholder of the corporation.The corporation is considering three methods to raise the capital:Issuing common shares at FMVIssuing preferred stock with par =
Which mortgage would result in higher total payments?a. Mortgage A: $970 a month for $30 yearsb. Mortgage B: $760 a month for 5 years and $1005 for 25 years.
A company purchased an oil well for $50,000. It is estimated that 100,000 barrels can be extracted from the well. What is the depletion expense assuming 30,000 barrels are extracted and sold?
The following data were provided by the detailed payroll records of Mountain Corporation for the month of March 2011:Wages .................$35,000Income Taxes Withheld .......... 7,350Union dues .............. 175FICA taxes at a 7.65% rate (no employee has reached the maximum)Requirements:a)
The following data were taken from the records of LILO Corporation for the year ended December 31, 2010: Sales .....................900,000Sales returns and allowances ........... 10,000Selling and administrative expenses ........170,000Cost of goods sold ................510,000The income tax
Why does an exporter face a foreign exchange risk? How can the exporter hedge its foreign exchange risk?

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International Marketing & Export Management 7th edition Gerald Albaum, Edwin Duerr - Solutions

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