Once the predicted demand is frozen, L.L. Bean uses its historical demand and forecast data to analyze the forecasting errors. The forecast errors are calculated for each individual item and a frequency distribution of these is made, which is further used as a probability distribution for future errors. Thus, if 50% of the errors were within 0.7 and 1.6, the forecast for this year would be adjusted accordingly. Next, each item commitment quantity was calculated using its contribution margin and its total contribution in dollar to the revenue of the company.
One of the items was sold during the year. Required: Based on this information, how much product cost would be allocated to cost of goods sold and ending inventory, assuming use of: a. LIFO b. FIFO c. Weighted average (total cost/total number) | |Cost of goods sold |Ending inventory | |LIFO |700 |800 | |FIFO |800 |700 | |Weighted Average |750 |750 | Problem 2. Teague Company purchased a new machine on January 1, 2012, at a cost of $150,000. The machine is expected to have an eight-year life and a $15,000 salvage value. The machine is expected to produce 675,000 finished products during its eight-year life.
3- Purchase the capesize and to be sold to the second hand market after 15 years. The decision will be made based on the NPV should the above scenarios give a positive value. The assumptions are that there will be a corporate tax rate of 35% and discount rate of 9% should operations are US based. The same conditions will need to be investigated if Hong Kong is the base of operations with no corporate tax rates. Analysis: 1- The average daily spot rate is expected to decrease next year, from $ 15,344 (2000) to $ 14,747 (2001), i.e.
Trident University International MKT301 Principles of Marketing Summer 2012 Module 1 CASE First Page Applying the teaching materials, explain why one product purchase was a High Involvement purchase and the other was a Low Involvement purchase. (10%) Using the five stage model of the Purchase Decision Process in the model of consumer buying behavior described in Module 1, describe in detail the process you went through in making each purchase. Bear in mind that the purpose of the assignment is to demonstrate the depth of your understanding of the teaching materials. (20%) Second Page Identify and discuss the differences between the way you went through the purchase decision processes for the two products. (20%) Third and Fourth Pages Assume now that you are marketing brands in two of the product categories listed above.
Must include a cover page that includes: Student’s name Course name and number Title of project Instructor’s name Date submitted Must include an introductory paragraph with a succinct thesis statement. Must address the topic of the project with critical thought. Must conclude with a restatement of the thesis and a conclusion paragraph. Must use APA style as outlined in the approved APA style guide to document all sources ACC 380 Week 5 Final Project Purchase here http://chosecourses.com/ACC%20380/acc-380-week-5-final-project Description Final Project The purpose of the Final Project is for you to demonstrate understanding of the reading as well as culminate the learning achieved in the course by describing your understanding and application of knowledge. Focus of the Final Project Review the financial information pertaining to Lee College in problem 11-8 on pages 357 and 358 of your text.
Employees must be vested to receive requirements and this plan will not integrate with any government benefits. Employees can start contributing to pension immediately upon hire in a permanent full time or part time position. For normal retirement and to receive full pensionable payment employees must be age 65 with a minimum of 15 years of service with the company. For early retirement, employees must have 10 years of service, and may retire at any age but benefits will be lowered by 20%. Maximum pensionable earnings shall be deemed equal to 70% of last full calendar year of service for the company.
Plus the fixed salaries for admin were $223,000 and additional sales staff time $40,000 to secure the US contract. Two days saved from the average inventory age Plant-wide cost reduced by .19/unit and only 50%
Case 1: 4-1 Vershire Company 1. There are 6 steps in the budget process of Vershire Company which are: Step 1: Sales Budget is prepare in May which divided into plant, price, volume and product. In this step the Divisional General Manager will compile the sales budget which input is requested from the district sales managers and central market research staff. Step 2: In September, the Plant Manager is given sales budget which include gross profits, fixed expenses and pre-tax income. In this step plant manager also set budget standards for variable and fixed cost which from compilation of the industrial Engineering Department about the cost standards and cost reduction targets.
To provide the reader with an overview and analysis of the profitability and performance over a 10 year period (2001-2010) 2. To assess and draw conclusions upon the extent to which strategy decisions made by Caterpillar Inc. influenced the profitability and performance of the company over the same period. To fulfil these aims, this report will firstly provide some brief background information on the industry in which Caterpillar operates, Caterpillar as a corporation itself, and a key competitor, Komatsu. The following section will give an overview of the financials from 2000-2010, using key performance indicators to determine the overall profitability and performance of Caterpillar in the period. The third section will provide an in depth analysis of Caterpillars publicised strategies from 2001-2010.
$30,000 of depreciation on the equipment used to manufacture the parts. c. The supervisor's salary of $25,000, which would be avoided if the part is purchased from an outside supplier. d. $15,000 in rent from leasing the production space to another company if the part is purchased from an outside supplier. status: correct (1.0) correct: b your answer: b feedback: Correct. ________________________________________ 2 The following information pertains to the Norfolk Company's three products: Product B's production is increased to 700 units per year but B's selling price on all units of B is reduced to $8.00.