please ignore the math question at the top

4 marks Chapter 7 4. On April 25, Dairy Queen Mall Branch received an invoice dated March 28 from Bordens Dairy Florida Inc. for 150 gallons of milk at a cost of $2.5 each. DQ was given a 4/2 chain discount from Bordens Dairy Florida Inc. Shipping terms were FOB Borden's Shipping Dock. Borden's prepaid the $60 freight. Terms were 2/10 EOM. When DQ received the goods, all packages were in good order. On May 18, DQ sent a $100 partial payment. DQ will pay the balance on May 25. What is the check amount? chl ON THE JOB VIDEO CASE Original Penguin Rides Out Turbulence Penguins have always been cool. But golf shirts with a little flapping bird printed on them experienced a lull in coolness. In fact, their popularity remained frozen for two decades largely because they were worn by aging golfers. Now the penguins are back, flapping furiously-and, many would argue, coolly-not just on golf shirts but also on a wide array of men's and women's clothing and accessories, including shirts, shoes, hats, belts, neckties, handbags, and even bath- ing suits. These items represent the extreme makeover of a 50-year-old brand of clothing called Original Penguin. Now owned by Perry Ellis International, the Original Penguin brand of clothing is experiencing rejuvenation--thanks largely to Penguin's vice presi- dent, Chris Kolbe. Chris Kolbe knows that thawing out an old brand is a daunting task under the best circumstances. But the fashion industry is particularly difficult--the pace is dizzying, and the turbulence is sometimes terrifying. Kolbe's activities as a manager are clearly characterized by variety, fragmentation, and brevity. For example, in a single day, Kolbe may be expecting several hun- dred samples from sources around the globe to arrive in time for a fashion show. He may have to decide whether to extend credit to a retailer or whether to drop one retailer in favor of another. He may have to review ad copy, return calls from fashion magazines, thumb through swatches of fabric, welcome sales reps arriving for a meeting, and fix his own computer. "We are always way behind and scrambling," he says with a chuckle. But Kolbe thrives on these activities because he is convinced that the time is right for his penguins to regain their place in the market among other legendary r running a of the brand, to operations and jour ability to und the roadblock of time manager controlling anal resp took on the A to Z of running a brand or runni company, from the ... Creative vision of the br marketing the brand, to the business operations sales of the brand." As for that turbulence? Kolbe shrugs it off." every business there are roadblocks. So your abili focus on the roadblock or work around the roadbl. sometimes comes down to your ability to be suce ful." This is true even when the roadblock happe to be a shipment of women's flip-flops that hasn't arrived in time for the fashion show. and he figures such as alligators and polo ponies intends to make it happen. Because the Penguin division is a tiny component of the much langer Perris Ellis company, Kolbe serves all the management functions of planning, organiz- ing, loading, and controlling often during the course of one work day. "I take personal responsibility and accountability for everything that has the Penguin brand on it," Kolbe notes. Kolbe also fulfills all the roles of a top manager. He considers himself a hands-on manager, commu- nicating constantly with his staff and keeping him- self involved in every detail so I don't lose sight" of things. He develops relationships with employees so that they can work well together. "My job is really the A to Z in assembling a team of people who can focus on certain pieces of that business and deliver on the strategic goals for the company," he explains. "I feel very fortunate to have such a good team." He makes decisions about where to take the brand. Right now, he has his sights set on a more upscale market. He envisions his customers as comfortable suburbanites who want high-quality, fashionable casual clothing. But he doesn't worry too much about direct competitors in the clothing industry. Instead, he focuses on how Original Penguin can compete for consumer dollars. "My role as vice pres- ident of Penguin really is ... I'm acting president of a very small division - a startup company attached to a larger company," Kolbe observes. "So I really Questions 1. Describe the conceptual skills you think Chris Kolbe needs for his job as vice president of Original Penguin. 2. Suppose those flip-flops-or other components of the upcoming fashion show-don't arrive in time. Describe how Chris Kolbe might manage the situation. 3. What do you think is the most difficult part of Kolbe's job? Why? SOURCES: Company Web site, http://www.originalpenguin.com, ac- cessed July 30, 2004; "Pick up an Original Penguin, "Fashion UK, July 8, 2004, http://www.widemedia.com/fashionukews/2004; Carl Swanson," Senior Moment, " The New York Times, Spring 2004, p. 44: Stephanie Thomson, "Perry Ellis Banks on Brand Resurrections," Advertising Age, March 15, 2004, p. 14; Rima Sugi. "The Bird Is the Word, "New York Metro.com, December 8, 2003, http://www.newyorkmetro.com. ahl BIZ FLIX VIDEO CASE