If they have to go and get a car during the week, it will cost $75 per car, considering the lost time and good will of making the customer wait. Moving on Sunday gives the customer the option to return the car to any of the four locations and it has allowed Henry and the other agencies access to extra cars to meet their needs. Everyone is happy with this arrangement. Henry reviewed his company’s performance and he believes there is room for improvement. He has obtained records for the last three months.
In groups of three or four, make a list of possible reasons that the actual ending inventory might not agree with the ending inventory according to a computer system. Jason Tierro, an inventory Jason Tierro, an inventory clerk at Lexmar Company, is responsible for taking a physical count of the goods on hand at the end of the year. He has been performing this duty for several years. This year, Jason was very busy due to a shortage of personnel at the company, so he decided to just estimate the amount of ending inventory instead of doing an accurate count. He reasoned that he could come very close to the true amount because of his past experience working with inventory.
2a. What is the shortest loan (36 months, 48 months, 60 months or 72 months) that has a monthly payment within your $500 budget that will allow you to buy the $30,000 car? Answer: Through Bank of America, I found a rate of 2.99% for the 36, 48 and 60 month loans. We are able to put down 20% and will need to finance $24,000. The shortest loan period for the $30,000 car that would be under our $500 limit is the 60 month loan at a rate of $431.13 per month.
Crystal Choy Mktg 129 Spring 2015 Case Analysis #1 Autobytel.com Class Analysis The traditional car buying process is that customers will go into a dealership and then the car salesperson and the buyer would be negotiating face-to-face when it comes to purchasing a car. Autobytel took a different approach when it came to selling cars compared to the traditional buying process by offering a website where potential consumers would shop for the automobile online. What is different about this website is that consumers are able to access information about the cars and the prices compared to all the dealerships around the area. Autobytel.com used to be the top of the online referral business in the market. This website was the first online service provided for buyers to shop for cars online so that they do not have to deal with the problems and hassles that arises that traditional buyers would usually deal with when they are at the dealership.
(TCOs 3, 4, 5, & 7) During the past two years, through extensive advertising and improved customer relations, Beech Corporation estimated that it had developed customer goodwill worth $100,000. For the current year, determine the amount of goodwill Beech Corporation may amortize. Question 6. (TCOs 3, 4, 5, & 7) Damien, not a dealer in real estate, sold real estate with a basis of $250,000 for $500,000 cash, a note for $250,000, and the buyer assumed Damien’s mortgage on the property of $125,000. During the year, the purchaser paid Damien $30,000 principal and $72,000 interest on the note and paid $6,000 principal and $18,000 interest on the mortgage he assumed.
Another two years goes by and they come back for a second driver side door handle. Of course I said, "Let me guess you only want me to get one replacement interior door handle because you're getting a new car". The Corolla owner said, "Yes, just get the one handle, because it's time to finally get rid of the car". At this point, we have spent about $30 on the three replacement handles including shipping and tax. We could've got a set of four for $10.
Purpose: Name Assignment #1: Good Night Motel Background: * Justin McGregor, owner of Good Night Motel is offered a proposition from George Alward that would fill up all 30 units of the motel from Friday 10/26/12 – Saturday 10/27/12 * The renters are delegates to a church convention which fits the family-style reputation that the motel wants to maintain * Alward offered to pay $40/unit as opposed to the normal $80/unit * The dates that Alward wants are during the slow season where it struggled to fill up to ¼ of the rooms * In recent years, a further dip of an additional 7%-15% is expected in room occupancy * Revenues are expected to remain flat for the next several years Issues and Qualitative factors: * McGregor doesn’t want to take the deal because he says that Good Night barely broke even in the 2012 and is afraid that giving out these rooms for ½ price will be unfavorable * McGregor is also afraid that giving this deal might set future precedents Guidance: * A Cost Volume Profit (C-V-P) analysis should be done to determine breakeven point and contribution margins Computation: * McGregor’s take on the breakeven point in incorrect. He looked at the income statement and came in the conclusion that the motel only made $3,177 in 2012. * This is incorrect because depreciation is not a cash outflow and should not be considered. Total operating expense | $385,973.00 | less: depreciation | $54,700.00 | Total cash outflow | $331,273.00 | * He only needs to earn $331,273.00 in revenue to break even instead of the original $385,973.00 that he thought. He earned $389,150.00 which is well above that amount.
Some of the fringe benefits of working at IndyGo are Vacations are progressive up to six week for 28 years of service, 32 hours of personal time, up to 1800 hours of paid sick time, paid time off for court appearances, free transportation for employee and dependents, along with uniform and tool allowance. A. When asking the labor relations person Michael Birch he estimated the cost per employee for fringe benefits averages around $32.00. He could not give me a definite figure as he is new to the position and because others are current in labor relations they were not willing to discuss the cost at this time. Q6.
All in all I realized buying the material you dream of does not necessarily guarantee happiness; sometimes the happiness you imagine turns out to merely be an illusion. Purchasing a car turned out to be very joyous; even after buying my car; the happiness it brought was I couldn’t imagine it. I bought a Toyota Prius in last summer. This car proved to be so useful, because I am working at Millbrae city, so I have to drive an hour away from my house; if I take Bart instead of driving, it would take me two hours to get there, I couldn’t imagine that living without it in someday, and it became my best friend in my life. It has helped me to open up opportunities and has served as one of the greatest tools in my
“A compressed workweek is any scheduling of work that allows a full-time job to be completed in fewer than the standard five days.” (Schermerhorn, Osborn, Uhl-Bien, & Hunt, 2012) The advantages of a compressed workweek are that you can be there for your family. You can have a three day weekend where you run your errands and make appointments (doctor, car repair, cable) on Friday, and spend Saturday and Sunday focused on family activities and personal needs. The company would benefit from happier employees who are out of work less. The disadvantages of a compressed workweek are that you may not be able to have childcare for a ten hour day. People with children will find that most practices (dance, ball, and robotics) are during the week between 4 and 7.