Define strategic planning and briefly describe the four steps that lead managers and a firm through the strategic planning process. Discuss the role marketing plays in this process.

Swisher Company issued $2,000,000 of bonds on January 1, 2014. Instructions (a) Prepare the journal entry to record the issuance of the bonds if they are issued at (1) 100, (2) 98, (3) 103. (b)...

Lanier Company manufactures expensive watch cases sold as souvenirs. Three of its sales departments are: Retail Sales, Wholesale Sales, and Outlet Sales. The Retail Sales Department is a profit...

Love Theatre Inc. owns and operates movie theaters throughout New Mexico and Utah. Love Theatre has declared the following annual dividends over a six-year period: 2007, $16,000; 2008, $48,000; 2009,...

Henrique Correas bakery prepares all its cakes between 4 A.M. and 6 A.M. so they will be fresh when customers arrive. Day-old cakes are virtually always sold, but at a 50% discount off the regular...

An initial solution has been given to the following workcenter layout problem. Given the flows described and a cost of $ 2.00 per unit per foot, compute the total cost for the layout. Each location...

A large manufacturer of pencil sharpeners is planning to add a new sharpener, and you have been asked to balance the assembly line, given the following task times and precedence relationships. Assume...

The bank portion of the bank reconciliation for Bogalusa Company at October 31, 2017, is shown below. The adjusted cash balance per bank agreed with the cash balance per books at October 31. The...

Describe Fresh & Easy according to the different types of retailers discussed in the chapter. One beautiful autumn morning in Ontario, California, a long line of people waited anxiously with shopping...

Goode Company has the following production data for selected months. Compute equivalent units of production for materials and conversion costs, assuming materials are entered at the beginning of...

A comparative balance sheet for Alcorn Products containing data for the last two years is as follows: The following additional information is available about the companys activities during 2008, the...

Discuss the ethical conduct of AIG executives, and how a stronger ethics program might help the company to strengthen the ethics of its corporate culture. When American International Group (AIG)...

Complete the following MRP matrix for itemA: Period 4 578 Item: A Lot Size: Mult 50LT:2 Gross Requirements Scheduled Receipts Projected on Hand 50 Net Requirements Planned Order Receipts Planned...

On May 10, Century Realty Inc. issued for cash 90,000 shares of no-par common stock (with a stated value of $30) at $42. On September 3, Century Realty Inc. issued at par value 36,000 shares of...

Refer to Megatropolis Hospitals financial statements below for calculating the ratios requested in questions Megatropolis Hospital Statement of Operations For the Year Ended December 31, 2007...

The accounts receivable department at Rick Wing Manufacturing has been having difficulty getting customers to pay the full amount of their bills. Many customers complain that the bills are not...

Presented below is an aging schedule for Zillmann Company. At December 31, 2010, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $12,000.Instructions(a) Journalize and post...

Joses Electronic Repair Shop has budgeted the following time and material for 2014. Joses budgets 5,000 hours of repair time in 2014 and will bill a profit of $5 per labor hour along with a 30%...

Two companies, Energen and Hastings Corporation, began operations with identical balance sheets. A year later, both required additional manufacturing capacity at a cost of $50,000. Energen obtained a...

Suppose you own 2,000 common shares of Laurence Incorporated. The EPS is $10.00, the DPS is $3.00, and the stock sells for $80 per share. Laurence announces a 2-for-1 split. Immediately after the...

The accompanying graph (top of next page) summarizes the demand and costs for a firm that operates in a perfectly competitive market. a. What level of output should this firm produce in the short...

Samson Winery in Pleasant Valley, New York, has two departments: Fermenting and Packaging. Direct materials are added at the beginning of the fermenting process (grapes) and at the end of the...

1. What are some problems with Precisions performance appraisal process that might cause challenges for Jackson to implement a merit pay program? 2. What changes do you recommend Precision make to...

Shao Airlines is considering two alternative planes. Plane A has an expected life of 5 years, will cost $100 million, and will produce net cash flows of $30 million per year. Plane B has a life of 10...

The Colson Company issued $300,000 of 10% bonds on January 1, 2011. The bonds are due January 1, 2016, with interest payable each July 1 and January 1. The bonds are issued at face value. Prepare...

What similarities do you see between motivating professional athletes and workers in business?

List and describe four vulnerability intelligence sources. Of those that you listed, which seems the most effective? Why?

Calls arrive at Lynn Ann Fishs hotel switchboard at a rate of 2 per minute. The average time to handle each is 20 seconds. There is only one switchboard operator at the current time. The Poisson and...

You are provided with the following information for Najera Inc. for the month ended June 30, 2014. Najera uses the periodic method for inventory. Instructions (a) Calculate (i) Ending inventory ,...

Ainsley Corporation has four operating divisions. The budgeted revenues and expenses for each division for 2014 follow: Further analysis of costs reveals the following percentages of variable costs...

Amir ante Inc. manufactures an X-ray machine with an estimated life of 12 years and leases it to Chambers Medical Center for a period of 10 years. The normal selling price of the machine is $411,324,...

The Berndt Corporation expects to have sales of $12 million. Costs other than depreciation are expected to be 75% of sales, and depreciation is expected to be $1.5 million. All sales revenues will be...

The following are auditor judgments and attributes sampling results for six populations. Assume large population sizes. .:. Required a. For each population, did the auditor select a smaller sample...

Ken Deangelo Companys internal controls over cash disbursements provide for the treasurer to sign checks imprinted by a check-writing machine in indelible ink after comparing the check with the...

Lansing Companys 2013 income statement and selected balance sheet data at December 31, 2012 and 2013 follow. Required Prepare the cash flows from operating activities section only of the companys...

Sukeeta, a young mother, is preparing to file her 2014 income tax return. Her husband, who was tragically killed in a boating accident in the summer of 2014, always handled the tax filing. Assuming...

1. What performance problems is the captain trying to correct? 2. Use the MARS model of individual behavior and performance to diagnose the possible causes of the unacceptable behavior. 3. Has the...

Ruth Company has been in business several years. At the end of the current year, the unadjusted trial balance shows: Accounts Receivable.......... $ 310,000 Dr. Sales Revenue.............. 2,200,000...

The financial statements of ConAgra Foods, Inc.'s 2012 annual report disclose the following information. Instructions Compute ConAgra's (a) Inventory turnover and (b) The average days to sell...

The following items (in millions) pertain to Chester Corporation: Chesters manufacturing costing system uses a three-part classification of direct materials, direct manufacturing labor, and...

Tiger Equipment Inc., a manufacturer of construction equipment, prepared the following factory overhead cost budget for the Welding Department for May 2014. The company expected to operate the...

Explain the following statement: A warehouse should merely consist of walls enclosing an efficient handling system.

Given the following selected account balances of Delray Mfg. prepare its schedule of cost of goods manufactured for the year ended December 31, 2015. Include a listing of the individual overhead...

Henderson Floor Coverings reported the following summarized data at December 31, 2016. Accounts appear in no particular order, and all have normal balances. Service Revenue ...... $ 38,000 Equipment...

Recording Adopted Budget. The City of Marion adopted the following General Fund budget for fiscal year 2011: Estimated revenues: Taxes................$3,000,000 Intergovernmental revenues...........

Given the following project to landscape a new building site, (a) Draw a Gantt chart using MSP. (b) Find the critical path and project duration in days. (c) Given that each resource is assigned 100%...

Using Microsoft Project, set up the network and determine the critical path for Phase 1 of the project. The project workweek will be 5 days (MF). Given the coming 2010 Winter Olympics in Vancouver...

On June 10, Rebecca Company purchased $7,600 of merchandise from Clinton Company, FOB shipping point, terms 2/10, n/30. Rebecca pays the freight costs of $400 on June 11. Damaged goods totaling $300...

1. How can promoting a diverse workforce help Niche Hotel Group succeed as a business? 2. Why do you think diversity training has not always prevented problems at NHG? 3. What should NHG do to...

In 2011, Rouse & Sons, a small environmental-testing firm, performed 12,200 radon tests for $290 each and 16,400 lead tests for $240 each. Because newer homes are being built with lead-free pipes,...

One of your coworkers says, Mission statements are nice, but they really dont change things down here where the work gets done. How would you reply?

1. How effective do you think Jessicas initiatives are in helping her develop a reputation as a strong team player? 2. If you were Jessicas supervisor, how would you react to the e-mails she sent to...

Karen Corporation has compiled the following information from the accounting system for the one product it sells: Sales price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $900...

Miller Corporation is considering replacing a machine. The replacement will reduce operating expenses (that is, increase earnings before depreciation, interest, and taxes) by $16,000 per year for...

You are preparing to give a research presentation about the effectiveness of Toyotas advertising to restore public confidence in the wake of their delays in solving the accelerator pedal malfunction...

Tannin Products Inc. prepared the following factory overhead cost budget for the Trim Department for July 2014, during which it expected to use 20,000 hours for production: Tannin has available...

Two items are omitted from each of the following summaries of balance sheet and income statement data for two proprietorships for the year 2012, Gavin??s Goods and Floyd...

Jefferson County operates a centralized motor pool to service county vehicles. At the end of 2011, the Motor Pool Internal Service Fund had the following account balances: The following events took...

Nona Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct materials (8 pounds at $2.50 per pound) ....$20 Direct labor (3 hours at...

1. Construct a service blueprint for the bear-making process indicating (1) The stages in the process; (2) The directional flow of the process; (3) Labor cost for each stage in the process; (4) The...

The Elixer Drug Company produces a drug from two ingredients. Each ingredient contains the same three antibiotics, in different proportions. One gram of ingredient 1 contributes 3 units, and 1 gram...

Gias Foods produces frozen meals that it sells for $8 each. The company computes a new monthly fixed manufacturing overhead allocation rate based on the planned number of meals to be produced that...

You have been offered a job with an unusual bonus structure. As long as you stay with the firm, you will get an extra $70,000 every seven years, starting seven years from now. What is the present...

The bookkeeper of Lone Star Landscaping prepared the company's balance sheet while the accountant was ill. The balance sheet contains numerous errors. In particular, the bookkeeper knew that the...

Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next months budget appear below: Required: 1. Compute the companys margin of safety. 2. Compute the...

For each of the following cases, indicate(a) To what rate columns, and(b) To what number of periods you would refer in looking up the interest factor.1. In a future value of 1 table: 2. In a present...

The post-closing trial balance for Bugeja Co. is shown on page 349. The subsidiary ledgers contain the following information: (1) accounts receivable?? B. Cordelia $2,500, I. Togo $7,500, T. Dudley...

The comparative statements of Beulah Company are presented below. Additional data:The common stock recently sold at $19.50 per share.InstructionsCompute the following ratios for 2013.(a) Current. (b)...

Gerrad Manufacturing has projected sales of its product for the next six months as follows: January ........ 300 units February ......... 700 units March .........1,000 units April ......... 900...

Liang Company began operations on January 1, 2012. During its first two years, the company completed a number of transactions involving sales on credit, accounts receivable collections, and bad...

Condensed balance sheet and income statement data for Jernigan Corporation are presented here. Additional information: 1. The market price of Jernigans common stock was $7.00, $7.50, and $8.50 for...

Equivalent units, zero beginning inventory. Nihon, Inc. is a manufacturer of digital cameras. It has two departments: Assembly and Testing. In January 2009, the company incurred $750,000 on direct...

"The following information is available for Remmers Corporation for 2010. 1. Depreciation reported on the tax return exceeded depreciation reported on the income statement by" $120,000. This...

After watching the video on expatriates, discuss the following: 1. What kind of staffing approach is being used by Dubai? Explain. 2. What does Kevin ONeal, as an expatriate, bring to Dubai? 3. What...

A production manager wants to assess the reactions of the blue-collar workers in his department (including foremen) to the introduction of computer-integrated manufacturing (CIM) systems. He is...

Millennium Liquors is a wholesaler of sparkling wines. Their most popular product is the French Bete Noire. Weekly demand is for 45 cases. Assume demand occurs over 50 weeks per year. The wine is...

White gloves Janitorial Service was started 2 years ago by Nancy Kohl. Because business has been exceptionally good, Nancy decided on July 1, 2010, to expand operations by acquiring an additional...

CSH has EBITDA of $5 million. You feel that an appropriate EV/EBITDA ratio for CSH is 9. CSH has $10 million in debt, $2 million in cash, and 800,000 shares outstanding. What is your estimate of CSHs...

Elysian Fields, Inc., uses a maximum payback period of 6 years and currently must choose between two mutually exclusive projects. Project Hydrogen requires an initial outlay of $25,000; project...

The purchasing manager for the Pacific Steel Company must determine a policy for ordering coal to operate 12 converters. Each converter requires exactly 5 tons of coal per day to operate, and the...

A review of the ledger of Remina Company at December 31, 2017, produces the following data pertaining to the preparation of annual adjusting entries. 1. Prepaid Insurance $10,440. The company has...

(Two Differences, No Beginning Deferred Taxes, Tracked through 2 Years) The following information is available for McKee Corporation for 2010. 1. Excess of tax depreciation over book depreciation ,...

Ellix Company manufactures two models of ultra-high fidelity speakers, the X200 model and the X99 model. Data regarding the two products follow: Additional information about the company follows: a....

A friend of yours is considering two cell phone service providers. Provider A charges $120 per month for the service regardless of the number of phone calls made. Provider B does not have a fixed...

Over the past decade, cruise ship companies have dramatically increased the number of mega-ships (those that carry 3,000 passengers or more), increasing the supply of cruises. At the same time, the...

A survey of shopping habits found the percentage of respondents that use technology for shopping as shown in Figure 5.37. For example, 17.39% only use online coupons; 21.74% use online coupons and...

The general ledger of Zips Storage at January 1, 2018, includes the following account balances: The following is a summary of the transactions for the year: a. January 9 Provide storage services for...

Aubrey Inc. issued $4,000,000 of 10%, 10-year convertible bonds on June 1, 2014, at 98 plus accrued interest. The bonds were dated April 1, 2014, with interest payable April 1 and October 1. Bond...

Wheeled Coach, the worlds largest manufacturer of ambulances, builds thousands of different and constantly changing configurations of its products. The custom nature of its business means lots of...

For a recent year, McDonalds company- owned restaurants had the following sales and expenses (in millions): Sales ...................$16,233 Food and packaging .............$ 5,300 Payroll...

The director of the MBA program at Salterdine University wants to use DA to determine which applicants to admit to the MBA program. The director believes that an applicants undergraduate grade point...

Dinero Bank offers you a $60,000, five-year term loan at 7.5 percent annual interest. What will your annual loan payment be?

An asset costs $620,000 and will be depreciated in a straight-line manner over its three-year life. It will have no salvage value . The lessor can borrow at 7 percent and the lessee can borrow at 9...

Bennett acquired 70 percent of Zeigler on June 30, 2014, for $910,000 in cash. Based on Zeiglers acquisition-date fair value, only one unrecorded intangible of $400,000 was recognized and is being...

Discuss the optimal method for procuring inputs that have well-defined and measurable quality specifications and require highly specialized investments. What are the primary advantages and...

Describe some situations in which project management would probably not be effective.

Identify the five multicultural factors requiring special consideration.

Mark Weinstein has been working on an advanced technology in laser eye surgery. His technology will be available in the near term. He anticipates his first annual cash flow from the technology to be...

The following are selected transactions of Blanco Company. Blanco prepares financial statements quarterly. Jan. 2 Purchased merchandise on account from Nunez Company, $30,000, terms 2/10, n/30....

After a bruising series of recalls in 2010, Toyota Motor Corp. has quietly implemented a number of new quality and safety-related reforms to its operations, even as it denies its vehicles are prone...