A factor benefitting Chou is BTT paid him 25K for negotiation rights for a 90-day period. Both parties agreed to an agreement using a combination of offer and acceptance called mutual assent (Melvin, 2011). Because BTT paid Chou 25K (there must be a receipt somewhere), there was an enforceable agreement between Chou and BTT. A court of law may consider this evidence of intent. Although an oral agreement was reached at the meeting between the two, there was a negotiation agreement stating exclusively that no distribution agreement was in place, unless in writing, and therefore there was no official agreement between the parties (Melvin, 2011).
Should BW drop Grill A? what’s the impact Assume that the volumes and selling prices of the other 2 products would be the same whether or not Grill A product line was dropped 2. Should BW lower the price of Grill C? The owners wanted to know the impact if they lowered the price of Grill C to $75 and if doing so let to 20,000 unit increase in sales of Grill C 3. Should BW change its advertising focus?
E) A 130 million dollar judgment was ruled against Jim Bakker, and to be paid to the plaintiffs. Issues 1.Identify the ethical questions raised by the maintenance of PTL’s secret payroll account by laventhol partner. Does the fact the PTL was a private organization not registered with the SEC affect the propriety of the partner’s actions? The time line of H&L’s audit of PTL Club is: End of fiscal year (May 31, 1984), Audit Completion Date (Dual dated as August 31, 1984 and October 24, 1984). Based on the timeline and the above definition of subsequent events, I believe that it is a subsequent event.
The manager cited the resulting high depreciation charges as the justification for the price boost. He asked the president of the company to instruct Division P to buy from S at the $220 price. He supplied the following information: P's annual purchases of component 2,000 units S's unit and batch-related costs per unit $190 S's capacity related costs per unit $20 S's required return on investment $10 Suppose there are no alternative uses of the S facilities. Required 1) Will the company as a whole benefit if P buys from the outside suppliers for $200 per unit? 2) Suppose the selling price of outsiders drops another $15 to $185.
Chapter 13 Case Study: Playing “Chicken” with Gay Marriage 8 February 2015 1) Was the CEO wise in making his anti-gay marriage views known, exposing his company to such controversy? I don’t think that Mr. Cathy was wise in voicing his views the way he did. Since Chick-Fil-A has been around it has had a reputation as a faith-based company, so most people already assumed the beliefs he threw in the public’s face. Two years after the controversy exploded, Huffington Post published a follow-up article about the incident. “Chick-fil-A President and CEO Dan Cathy apparently laments getting the fast-food chain involved in the debate over marriage equality, but he isn't taking back his anti-gay comments (Sieczkowski, 2014).” Cathy also stated, “Every leader goes through different phases of maturity, growth and development and it helps by recognizing the mistakes that you make,” Cathy told the AJC.
1. Sell steel rings until mid-September utilizing the excess labor over the summer till the plastic rings are introduced. Then scrap all remaining steel rings and steel inventory, and sell only plastic rings. By scrapping the 15,100 finished rings left on hand by mid-September, PWI would lose a net income of about $16.7 million assuming a selling price of $1350, using the opportunity cost associated with labor savings, and assuming that during the summer the extra labor was used to create a surplus of steel rings at 30% incremental cost. The loss in net income is in effect a sunk cost whereby PWI has already paid the expenses for making the product i.e.
Calculate the following: a) Break-even volume in CD units and dollars; b) Net profit if 1 million CDs are sold; c) Necessary CD unit volume to achieve a $500,000 profit. You are required to submit your typewritten answer to the assigned questions in the Isidore Assignments tool. Due: 5pm Friday Sept. 20, 2013 Zhibo Wang 1. Answer: Before installing a filter, bottles of wine sold=( 102,400+200,000)/(12-2.14)=30670 After installing a filter, the fixed cost increases 30,000. Bottles of wine sold=(102,400+200,000+30,000)/(12-2.14)=33712.
The original partnership agreement between the siblings gave each 50,000 shares of stock. In the event either wished to sell stock, the shares first had to be offered to the other at a discounted price. Although neither sibling wants to sell, they have decided they should value their holdings in the company. The get started, they have gathered the following information about their main competitors: Ragan, Inc. ,Competitors | EPS | DPS | Stock Price | ROE | R | Arctic cooling, IncNational Heating &Cooling Expert HVAC Corp | $0.79$1.38$-0.48 | $0.20$0.62$0.38 | $14.18$11.87$13.21 | 10.00%13.00%14.00% | 10.00%13.00%12.00% | Industry Average | $0.56 | $0.40 | $13.09 | 12.33% | 11.67% | Expert HVAC Corporation’s negative earnings per share were the result of an accounting write-off last year. Without the write-off, earnings per share for the company would have been $1.06.
Singer claims that “ An American household with an income of $50,000 spends around $30,000 annually on necessities…Therefore, for a household bringing in $50,000 a year, donations to help the world’s poor should be as close as possible to $20,000”(879). Singer makes a detailed argument discussing current problems with the way America spends their money needlessly on activities and upgrades such as dining out at a favorite restaurant. He insists “That’s right: I’m saying that you shouldn’t buy that new car, take that cruise, redecorate the house, or get that pricey new suit”(Singer 879). His argument seems simple and straight forward, but I found his essay to be extreme and unrealistic because it is hard to give a precise definition for a “luxury” or “necessity”, a lot of people work really hard for their money to be able to retire, save for unexpected expenses or provide for their families, the process of development of new technologies would stop as well as current economic situation would change drastically. The first reason I think Singer’s idea is unrealistic is because it is really hard to determine what a luxury is.
The fast food industry was extremely seasonal with peak sales occurring in the summer months. The parent company expects that each of their restaurants achieve at least $50,000 in annual profits. However, more importantly, they look at each restaurant’s cash of our financial obligations. Of course, they want the cash flow to be in excess of breakeven; otherwise, they have to subsidize that restaurant until it is able to positively contribute. In the case of Windham, this continuous subsidizing has forced them to maximize our line of credit from the bank, straining our relationship with them The HHC set out strict guidelines requiring all of its franchises to have a standard restaurant design, menu, suppliers, uniforms and signage.