Kingdom Leasing Inc. agrees to lease jousting equipment to Knight Inc. on Jan 1,2012. They agree on the following terms: 1) The normal selling price of the jousting equipment is $325000 and the cost of the asset to Kingdom Leasing Inc. was $250000. Fair Value 325000 2) Knight will pay all maintenance,insurance,and taxes costs directly and annual payments of $60000 on Jan 1 each year. Residual Value 30000 3) The lease begins on Jan 1, 2012 and payments will be in equal annual installments. Lease term 10 4) The lease is noncancelable with no renewal option.
The RD&I Division sold a production quality control service, on contract, to the other divisions at variable cost plus 10% and also contracted externally. RD&I was given a budget appropriation, for researching new products, which was not included in the calculation of its ROI. John Big's objective in decentralizing the corporate structure was to make each division operate and be evaluated as if it were an independent business. Corporate overhead was allocated to the divisions on the basis of a percentage of sales. The division managers were each allowed to make annual investments of not more than 5% of their divisional net assets on their own authority.
As continued positive cash flows permit, the amounts I invested will be repaid. Balance Sheet Inventory at the end of the year amounted to $2,345. We want to control our inventory levels very carefully. We will purchase only what we need based on our sales projections and maintain a stock of goods and supplies in the range of $2,000 -
Customers are trusting each merchant not to release their personal information to anyone, or entity that could potentially use their address or phone numbers in a harmful way. As stated by Valdez (2014), “Loyalty programs depend on the collection of customer information, which is used to personalize marketing campaigns, recommendations and discounts.” (para. 1). Therefore, customers should not be placed on a mailing list or calling list unless they approve the release of information to third parties with their signature of understanding and confirmation. Ethical Concerns Valdez (2014) advises, “Loyalty programs that reward decision makers may run into ethical issues when the decision maker is separate from the payer.” (para.
Therefore companies should remember to treat each customer with respect, regardless of how much money they are spending, because they never know if in the future the customer might make a larger purchase (Gibson, 2012, p. 15), or perhaps spread the word to a friend or family member who might spend significantly more money with the company. In any case, in order for companies to succeed they must find a way to make sure that their customers are satisfied and happy with their services. So that we can better understand how customer service works we will examine the role of the customer service representatives (CSR’s), the tiered service system, and the five critical skills and competencies a customer service representative must have. The role of the customer
Since Mr. Murphy cannot spend his free time any way he wants, it should be compensated under FLSA regulations. Additionally, any time that Mr. Murphy is called to work during the on-call time requires pay (DoL,
Hints: When filling out the “Marketing Budget” worksheet in the Excel spreadsheet: o Begin in the current year and complete a marketing budget for the first year of your business. The information you enter in the marketing budget spreadsheet will flow through to your “Income Statement” in the Business Plan Financials. o Leave the number at zero (0) for any marketing vehicles you do not intend to use. o Remember that all marketing activities involve costs. If social media represents a significant portion of your marketing, assume you will have cost of advertising and that should be reflected on your budget.
How does the type of buyer or consumer affect marketing strategy? As part of your response, consider the characteristics of buyers and the factors that influence their purchasing decision. How can an organization ensure that their market strategy is appropriate for their target market? MKT 421 Marketing Week 3 DQ
Accurate tracking of all sales and incentives should be a must and should include a statement of any charges so that the customer is not questioning the accuracy of the system or the company’s ethics. The simple perceptions of Information Society ethics: responsibility, liability, and accountability, need to be reviewed to avoid these types of unethical decisions. Kudler Fine Foods needs to review and implement “The Golden Rule.” Train and retrain employees to follow the code of conduct that has been put into place by the company and this will gain the respect, trust, and most of all customer
Money Money Machine Machine Method Method Quantity over quality Lack of testing No clear process for managing defects Lack of Adherence to QC Control Measurements Quantity over quality Lack of testing No clear process for managing defects Lack of Adherence to QC Control Measurements Machine Maintenance Machine Compatibility with project –filling heads Machine down-time Machine Maintenance Machine Compatibility with project –filling heads Machine down-time Quantity over quality Back-order –revenue loss Reliability – lost customers Machine down-time –loss of production of products Quantity over quality Back-order –revenue loss Reliability – lost customers Machine down-time –loss of production of products Quality Problems Quality Problems No Formal Training Lack of Communication Lack of commitment and ownership - attitude Poor Management No Formal Training Lack of Communication Lack of commitment and ownership - attitude Poor Management Rushed to Market Vendor Product Flaws Can Design Vendor products Rushed to Market Vendor Product Flaws Can Design Vendor products Man Man Material Material 2. What continuous improvement recommendations would you make to prevent the problems on the Greasex line from reoccurring? Your recommendations should cover short term as well as long term plans. The quality problems identified in the above fishbone diagram have led to the identification of specific recommendations. A.