Business Now 1st Edition Amit Shah - Solutions

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8 Organix Fruit Bars can purchase equipment for in-house production costing $25000 and manufacture the goods for $1 each. Alternatively, a local supplier can produce these for $1.50 each. Demand for the goods is forecast to be 45000 customers. Calculate whether it is better for Organix Fruit Bars
7 Suppose the 25 sales staff at WIS manage to sell $120000 worth of goods in one week. Calculate the firm’s labour productivity rate.
6 Suppose STC produces $500000 worth of output in one week in a total of 1000 labour-hours. Calculate the firm's labour productivity rate. [2]
5 Suppose Darho Foods has fixed costs of $10000 and a productive capacity of 5000 units per month. Calculate the change in its average fixed costs if the firm operates at only 80% capacity compared to operating at full capacity.
4 a Calculate the capacity utilization rate for Meiji Milk Company that can produce 200000 pints of milk in its factory each day but has an output level of 180000 pints per day. [2]b Calculate BF Sausage Company's capacity utilization rate if it produces 2800 kilos per month but has a maximum
2. Study the stock control diagram (Figure 5.6) for Beyond Bakeries in order to determine the following:a the lead time [1] -~ 6000 b the buffer stock n &¢ the re-order quantity.
1 Menelao Clothing Co. designs and manufactures fashionable dothing for children in a variety of designs, colours and sizes.a Identify the production method that is most likely to be used by Menelao Clothing Co. [1]b Explain two benefits of this production method to Menelao Clothing Co.
5 Thornton & Greg Co. sells a different product for $1.98 for which its costs of production are $1.20. Calculate the percentage profit margin(mark-up) on the product.
4 The cost of producing one unit of output for Thornton & Greg Co. is 35.The firm uses a mark-up of 40%. Calculate its selling price for the product. [2]
3 00l Pharmaceuticals wants to sample 80 members of staff to get feedback about its canteen facilities. The workforce consists of 75% full-time workers and 25% part-time staff. Stratify the sample in order to calculate the number of full- and part-time staff used for the sample.
2 Calculate the three-year moving averages for Alexis Corp. from the data below. [4]Year 1 Year 2 Year 3 Year 4 Year 5 Sales (3) 200000 250000 240000 270000 280000
1 Kowloon Pots has a 16.4% market share of the garden pots market in Hong Kong. The market is worth $14million per year. Calculate the annual sales of Kowloon Pots.
34 Stefan Hagan runs a successful hair salon business. His latest monthly budget is shown in the table below.a Explain why Stefan Hagan uses budgeting. [2]b Complete the missing figures for Stefan Hagan Hair Salon. [4]¢ Explain why a favourable variance might be investigated by Stefan
33 Calculate the variance for the following items for Anita Mata Caterers:a Cost of materials: budgeted = $10000 but actual = $11 500 [1]b Cost of labour: budgeted = $3700 but actual = $3200 [1]¢ Sales of cakes: budgeted = $26000 but actual = $24800 [1]
32 Kucharek Parlour is considering the purchase of five industrial massage chairs for a total purchase price of $65000. The estimated net cash flows during the useful life cycle of five years from the investment are shown below, along with the discount rates at 4% for the duration of the
31 Villano Watch Company is deciding whether to upgrade its computerized invoicing systemn for $155000. The expected gains (or total contributions)from doing so over the system’s expected useful life cycle of five years is shown below.Year Total contribution 1 $30000 2 $40000 3 $50000 4 $40000 5
30 The management at Chandelier World is investigating the feasibility of replacing its old precision-cutting machinery. The new machinery would cost $460000. It would increase the firm's annual revenue by $150000 but raise operational costs by $60000 a year. The estimated useful life of the new
29 Brownsword Books is considering an investment of $220000 in new printing equipment that is expected to generate the following cash flows over the next five years:Year Net cash flow 1 $30000 2 $40000 3 $60000 4 $70000 5 $60000 The management at Brownsword Books wants a quick recovery of the
28 Nimes Construction Co. is considering investing €1 155000 in new machinery. The annual net cash flows arising from the investment are€330000. Calculate the project’s payback period. [2]
27 a Complete the three-month cash flow forecast for Axner & Co. [4]b Explain two causes of cash flow problems. [4]¢ Explain two ways that Axner & Co. might resolve its cash flow problems. July ($) August ($) September ($) Sales revenue 1500 1900 Bank overdraft 0 100 Cash inflow 1700 1900
26 Study the following financial information and answer the questions that follow.Kaergaard & Co. cash flow statement (excerpts):Opening balance: $35500 Cash inflow: $195000 Cash outflow: $150000 a Calculate the net cash flow for Kaergaard & Co. [2]b Calculate the closing balance for Kaergaard & Co.
25 Shield Sports Equipment has produced a cash flow forecast which predicts a closing year-end balance of $150000. The company later discovers that payment of $17000 was not processed from the sales figure and that an invoice for $13000 is yet to be paid. Calculate the closing balance for the firm.
24 Menelao Computers has the following financial information: opening balance = $70000, cash outflows = $80000, and cash inflows= $120000. Calculate the dosing balance for the firm. [2]
23 Calculate the gearing ratio for the two firms below from the limited data. Outline which company represents higher risk for potential investors. Ho Bakery Ltd Chang Bakery Ltd Capital employed $250000 $260000 Long-term liabilities $80000 $90000 Mortgage $35.000 $27000
22 Delgado Ltd has an existing bank loan of $10 million. It has share capital of $15m and retained profit of $5m. Calculate the firm's gearing ratio.
21 Harrington Inc. has sold stock valued at a cost of $202 000. It owes$24900 to trade creditors. Calculate the firm's creditor days ratio.
20 Skarkey Ltd sells 100000 units of output at a price of $15 each. It has debtors to the value of $300000. Calculate the firm's debtor days ratio.
19 Wenger Co. has cost of goods sold (COGS) valued at $525000. It started the year with stock worth $250000 and at the end of the year has closing stock valued at $50000. Calculate the company’s stock turnover ratio.
18 Claire Hao Accessories has the following financial data: cash = $150000, debtors = $65000, overdrafts = $55000, short-term loans = $25000, stocks = $145000, and trade creditors = $80000. Calculate the firm's current ratio using this information.
17 Andre Pannu and Partners have a gross profit of $100m, expenses of$10m and capital employed of $300m. Calculate the firm's return on capital employed.
16 Joe Heaton's Kitchen has a gross profit of $3.5 million, sales revenue of$5.5 million and expenses of $1.5 million. Calculate the firm’s gross profit margin and net profit margin.
15 Marc Morris purchases a manufacturing machine for $20000. It has a useful life of five years and a residual value at the end of this period of $3000. He estimates a depreciation rate of 25% if the reducing balance method is used. Calculate and compare the results of the straight line and
14 Harlow and Wang Stationers purchase a printing machine for $100 000 With an expected useful life of five years. The firm uses a depreciation rate of 30%. Calculate the residual value of the asset after five years.
13 Tse and Li Soligtors recently purchased a new computer system for $120000.It has an estimated useful life of four years with an estimated residual value of $20000. Calculate the amount of annual depreciation for the firm.
12 Construct a balance sheet for Lietz Watch Company from the data below presented on 31 March 2016. [4]-Retained profits 100000 Net current assets 150000 Long-term liabilities 200000 Share capital 300000 Net assets 400000 Fixed assets 450000
11 Construct the profit and loss account from the data for Axner Insurance Company for the year ending March 2016.$ Cost of goods sold 430 000 Dividends 65000 Expenses 80000 Gross profit 270 000 Net profit Interest and tax Net profit after interest and tax Retained profit Sales turnover 55000
10 Malanow Ski Company has an opening stock of $45000, a closing stock of $35000, and has purchased stock during the year costing $65 000.Calculate the firm's cost of goods sold (COGS). [2]
9 Study the data below for Alyssa Stephen's Hot Dog Stall and answer the questions that follow. The price of each hot dog is $6. . The variable costs of each hot dog is $2. Her rent is $400 per week. Sales quantity = 280 hot dogs per week. a Suppose Alyssa Stephen's Hot Dog Stall raises its price
8 Paine & Nguyen Consultancy charge $500 per person for their training courses, with unit variable costs of $420. Their fixed costs are $12 000 per month.a Calculate how many people must pay for training with the firm each month in order for the firm to break even. [2]b If the firm has a target
7 Suppose Bhardwaj Watches has fixed costs of $3500 per month, direct costs of $120 per watch, a sales target of 60 watches per month and a target profit of $2500. Calculate the target price for Bhardwaj Watches. [2]
6 Suppose Li & Tse Jewellers has a target profit of $200000 per year, earns a unit contribution of $500, and incurs fixed costs of $50000.Calculate the target profit output for the firm. [2]
5 Calculate the total contribution required for Anson Miu & Co. based on the following data: Fixed costs = $10000 per month and target profit = $35000 per month. [2]
4 BHS Cupcakes has variable costs of $0.25 per cupcake and sells these for$1.50 each. Its fixed costs are $10000 per month. It sells an average of 9500 cupcakes per month.a Calculate the contribution per unit for BHS Cupcakes. [2]b Calculate how many cupcakes BHS Cupcakes must sell each month in
3 The table below refers to the costs and revenues of YT Toys Ltd when operating at 5000 units of output per month:Calculate the total cost of producing 5000 units. [2]b Calculate the profit made by YT Toys Ltd if all its output is sold. Item Cost/Revenue Price $20 Raw materials per unit $8 Rent
2 Complete the cost, revenue and profit data in the table below. All figures are in US dollars ($). October November December January Sales revenue 5800 6000 8800 Variable costs 3480 5280 2580 Fixed costs 1500 1500 1500 Total costs 5100 6780 Profit 220
2 Sir Richard Branson, founder of Virgin Group, announced in 2015 that his staff would receive parental leave on full pay for up to one year after the birth or adoption of a child. However, the offer only applies to staff at Virgin Management, the company's investment and brand licensing
1 Duffy & Wong Ltd hire 86 people. Thirteen of the employees resign within the year. Calculate the firm's labour turnover rate.
6 Construct a Gantt chart from the data given in the table below for Project A. 3 2 1 Activity Order Duration (weeks) A B AA C D E B C F D & E 2 325
5 Kingmans Educational Resources (KER) is considering expanding into one of three locations. The expected costs and revenues are shown in the table below. KER only has the resources to pursue one of these growth options.Using the data in the table, construct a decision tree showing which project is
4 In 2015 Kraft Foods Group Inc., merged with H.J. Heinz Co. to form the world’s fifth-largest food and beverage company. Heinz is a global brand, famous for its tomato ketchup, sauces, soups, beans, pasta and infant foods. Kraft is one of North America's largest consumer packaged food and
3 Armstrong's Candies has monthly fixed costs of $4800 and average variable costs of $1.50. Demand for its candies is 4000 units each month. The average unit price is $4.a Distinguish between internal and external economies of scale. [3]b Calculate the average costs for Armstrong's Candies each
2 Bristol Cars, a specialist British car maker, sells its sports cars at an average price of £120000 to customers in America. Calculate the change in the price paid by American customers if the US dollar depreciates from fl=%16tofl=23%18.
1 In 2015, HSBC announced 25000 jobs losses around the world, incdluding the sale of its troubled businesses in Turkey and Brazil (where it reported losses in 2014 of $232 million and $377 million respectively). The cuts would allow the banking giant to save $4.5-5 billion per year. Analysts
Discuss the opportunities and threats to a business of introducing a new management information system.
Evaluate the advantages and disadvantages for stakeholders of digital Taylorism
Discuss the benefits of data mining to inform decision-making.
Analyse the benefits to a business of an effective customer loyalty programme.
Analyse the ethical issues linked to holding data on customers.
Describe one feature of the internet of things (IoT).
Describe one feature of cloud computing
Explain two ways in which budgets and variances can be used by a business's managers to support decision-making.Describe one feature of a database.
Distinguish between a favourable expenses variance and an adverse income variance.
Distinguish between an income budget and an expenses budget.
Explain one advantage and one disadvantage of the use of cost and profit centres.
Describe two roles of cost and profit centres.
Distinguish between a cost centre and a profit centre.
Explain one benefit to an employer and one benefit to employees from the use of a no-strike agreement.
Distinguish between conciliation and arbitration.
Explain two benefits to employees that can result from the use of collective bargaining.
Distinguish between strike action and a work-to-rule.
Explain two possible sources of conflict in the workplace.
Recommend whether a government should welcome a multinational wanting to locate in its country.
Discuss the possible benefits to a business of becoming multinational
Explain one way that operating in different countries reduces risk and one way that it increases risk
Analyse two disadvantages to a host country of welcoming a multinational
Analyse two advantages to a host country of welcoming a multinational.
Explain one problem to a government of regulating the activities of a multinational
Explain one way a government can influence the success of a multinational
Explain one way a multinational might try to influence a government.
Some businesses become multinational to overcome trade barriers. Explain one form of trade barrier.
Define the term multinational company
In groups, discuss the following situations to determine how you might behave if faced with these ethi- cal dilemmas:a. A cashier hands you $5 extra in change at the grocery store.b. You know a coworker is stealing products from your company, but she's also one of your best friends.c. You saw and
In groups, discuss two companies you think are socially responsible. What actions make you feel this way? Next, discuss two companies you think are not socially responsible. What actions make you feel this way?
Name at least three issues facing companies in the area of ethics and social responsibility today (hint: consider going to a search engine and reading newspaper articles). How would you expect companies to behave in these situations? Do you think the government needs to regulate business to ensure
Do you think companies need to behave socially responsibly if they are earning profits? Why or why not?
What factors have shaped your personal ethics? Are ethics the same for everyone? Why or why not?
Visit http://hts.usitc.gov/ and view the list of categories of the Harmonized Tariff Schedule of the United States. Look up three products in the schedule and record the following information on each:a. Article descriptionb. Unit of quantityc. General rate of dutyd. Any special duty
Visit http://www.worldbank.org/. Name two recent proj- ects the World Bank has been involved in. How much funding did these projects receive? What is the purpose of the World Bank? Do you think the World Bank accom- plishes its mission?
In groups, discuss the following question: What are the advantages and disadvantages of trade protec- tionism? Name at least five of each. Based on your list, do you think protectionism is a good idea or a bad idea? Explain your response.
In groups, discuss the following question: What are some of the dangers of ethnocentric thinking when doing business in global markets? Make a list of at least ten items.
What are the sociocultural forces discussed in this chapter? Describe each in your own words. Why is it important to have an awareness of these forces before doing business in global markets?
What are the advantages to having a free-trade zone, such as NAFTA? What are the disadvantages?
What are the primary components of culture discussed in this chapter? Rank order them from the most important to the least important, and discuss why you ranked them in that manner.
Visit www.colorcode.com and take the site's free personality test. After you receive the results via e-mail, answer the following questions.a. What color is your personality?b. Do you feel your color is an accurate depiction of you? Why or why not?c. What leadership traits does your color have?
Visit your favorite search engine and perform a search for "Herzberg hygiene factors." Review the results and then answer the following questions.a. What Web sites did your search lead you to?b. What is the difference between hygiene factors and motivational factors?c. List five hygiene factors and
Visit your favorite search engine. Type in "great leaders of all time" and review the results. Which leaders are listed? What qualities do they have in common? What qualities are different?
In groups, discuss some ways that managers, either now or in the past, have tried to motivate you. Were their attempts suc- cessful? If not, what would have worked better?
In groups, discuss what specific action a manager might take to motivate employees based on each level of Maslow's hi- erarchy (for example, in order to meet his employees' physi- ological needs, a manager could host a pizza party).
Is management the same as leadership? Why or why not? How are they the same? How are they different?
What are the three most important qualities of a leader? Why are these qualities so important?

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