Premium Essay

3353

In:

Submitted By mark0223
Words 2138
Pages 9
Find more on www.studymaterial.ca

Student name: .................................................................................................................
Student number: ..............................................................................................................
YORK UNIVERSITY
Faculty of Liberal Arts & Professional Studies
School of Administrative Studies
ADMS 2510 3.0 Fall 2013
Common Mid-Term Examination
Sunday, November 10th, 2013
2 hours
Section

Day

Time

Section Director

Location

A

Tuesday

4 – 7 pm

John Parkinson

Vari D

B

Thursday

4 – 7 pm

Alison Beavis

Ross S 137

C

Monday

7 – 10 pm

John Parkinson

ACW 004

D

Wednesday

11:30 – 2:30 pm

Lawrence Shum

ACW 006

E

Internet

Gary Spraakman

Internet

F

Thursday

11:30 – 2:30 pm

Alison Beavis

ACW 006

G

Monday

4 – 7 pm

John Parkinson

Curtis H

Instructions:
This is a closed-book examination and no collaboration is allowed.
There are 4 equally-weighted questions.
Answer the questions in the examination paper.
Use the back of a page of the examination paper for rough workings.
Place your photo-identification on your desk during the examination to facilitate verification.
You have 2 hours to complete the examination.
Question
1
2
3
4

Marks

Total Marks
/25
/25
/25
/25

/100

Find more on www.studymaterial.ca

Question 1:

There are five parts. [5 marks for each part]

a) Calculate the break-even point in dollars where:
Fixed costs
Variable cost ratio

$400,000
60%

BE = FC/CMR
BE = $400,000/.6 = $666,667

Kroy Company has the following cost structure:
Sales price per unit
Variable cost per unit
Fixed costs

$25
$15
$200,000

b) How many units must Kroy sell to achieve a before-tax target profit of $150,000?
CM = SP – VC
CM =

Similar Documents

Premium Essay

Hallstead Jewllers Case Final Draft

...| 2003 | 2004 | 2006 | Salaries | 2021 | 2081 | 3215 | Advertising | 254 | 250 | 257 | Administrative Exp | 418 | 425 | 435 | Rent | 420 | 420 | 840 | Depreciation | 84 | 84 | 142 | Misc. | 53 | 93 | 122 | Total | 3250 | 3353 | 5011 | Breakeven analysis: For this part of the case study we used the following formulas to get Breakeven in units and Breakeven sales. The calculations can be found below and are in thousands of dollars. * Breakeven # of tickets = total FC / (selling price per ticket - VC per ticket) * Breakeven in sales dollars = [total FC / (selling price per ticket - VC per ticket)] * (selling price per ticket) or total FC/ CM ratio * Margin of Safety = Expected Sales - Breakeven in Sales Dollars Results | 2003 | 2004 | 2006 | Break even # units | 4,535 | 5,000 | 7473 | Break even sales dollars | 7,323.994 | 7,606.797 | 11,495.82 | Margin of Safety | 1259 | 495.2 | (1259) | Calculations 2003 Breakeven Units: FC (3250) / CM (.71672) = 4,534.546 Breakeven sales: Total FC (3250) / CM ratio (.44375) = $7,323.944 Margin of Safety: Sales (8,583) - Breakeven Sales (7,323.994) = 1259 2004 Breakeven Units: FC (3353) / CM (.6706) = 5000 Breakeven sales dollars: Total FC (3353)...

Words: 1507 - Pages: 7

Free Essay

Analysis of Technology Industry Exam.

...1. How to define its industry? A:There are 4 approaches to define Segway’s industry. Descriptions are as follow: * Input/Output based The primary tool used within this approach is the SIC code. Four digit SIC codes are the common method and widely used and understood. SIC codes provide sub-classifications up to 7 digits. * NAICS Codes for Segway: NAICS Codes | Name | Classification Level | 31-33 | Manufacturing | Sector | 335 | Electrical Equipment, Appliance, and Component Manufacturing | Subsector | 3353 | Electrical Equipment Manufacturing | Industry Group | 33531 | Electrical Equipment Manufacturing | Industry | 335312 | Motor and Generator Manufacturing | U.S. Detail Industry | * Strengths: provides an inexpensive, accessible and widely used pool of comparable data. * Limitations: SIC codes focus on the primary activity of organization, it becomes difficult to determine the classification of multi-product organizations. Defining one industry by only primary activity may lead to an incomplete definition. * Customer/Market based Using “Strategic Market Segmentation”, industry participants are defined as those that serve the same market segment. This segment is defined by using the parameters of end-use, geographic location, product technology, customer size and common buying factors. * Strengths: This closeness between customers & business may provide organizations a consistency with changes in customer trends. * Limitations: ...

Words: 439 - Pages: 2

Free Essay

Paper

...Darian Archie 2668 Community Rd. Ruby, SC 29741 (843) 634-3353 flatrockkenl@yahoo.com Objective Supervision of individuals in the pursuit of quality performance in a manufacturing/production environment. Qualified By Three year’s experience in research and development in melt spun precursor, one year experience in lab analysis. ● Operations Manager ● Operations Supervisor ● Lead Technician ●Extruder Operator ● Production Worker ●Carbon Fiber Analysis ACCOMPLISHMENTS DL HAULING & GRADING 2009-2010 Superintendent of Trucking and Grading ● Overseer of Trucking Company, Grading and Employees. ● Managed completion of all jobs per site specifications. ● Supervised contracts for concrete, asphalt, stone, dirt hauling and dispatching. ORICA USA 2007-2009 Certified Blaster ● Organized inventory at job sites including all safety analysis of jobs. ● Formulated job specifics per person at designated job sites. ● Developed plan of completion for work areas at site locations. ● Constructed blasting designs at specific job locations. DYNO/AMERICAN...

Words: 482 - Pages: 2

Premium Essay

Review Case

...P(B|A) | Ranking of the judge who has the least Probability of a case being appealed for each judge P(A) | Fred Cartolano | 3037 | 137 | 12 | 0.0451 | 0.0040 | 0.0876 | 36 | Thomas Crush | 3372 | 119 | 10 | 0.0353 | 0.0030 | 0.0840 | 26 | Patrick Dinkelacker | 7259 | 63 | 12 | 0.0087 | 0.0017 | 0.1905 | 23 | Timothy Hogan | 4262 | 73 | 9 | 0.0171 | 0.0021 | 0.1233 | 24 | Rober Kraft | 3138 | 127 | 7 | 0.0405 | 0.0022 | 0.0551 | 32 | William Mathews | 2264 | 91 | 18 | 0.0402 | 0.0080 | 0.1978 | 29 | William Morrissey | 3032 | 121 | 22 | 0.0399 | 0.0073 | 0.1818 | 28 | Norber Nadel | 2959 | 131 | 20 | 0.0443 | 0.0068 | 0.1527 | 35 | Arthur Ney, Jr. | 3219 | 125 | 14 | 0.0388 | 0.0043 | 0.1120 | 27 | Richard Niehaus | 3353 | 137 | 16 | 0.0409 | 0.0048 | 0.1168 | 33 | Thomas Nurre | 3000 | 121 | 6 | 0.0403 | 0.0020 | 0.0496 | 30 | John O'Connor | 2969 | 129 | 12 | 0.0434 | 0.0040 | 0.0930 | 34 | Rober Ruehlman | 3205 | 145 | 18 | 0.0452 | 0.0056 | 0.1241 | 37 | J. Howard Sundermann | 955 | 60 | 10 | 0.0628 | 0.0105 | 0.1667 | 38 | Ann Marie Tracey | 3141 | 127 | 3 | 0.0404 | 0.0010 | 0.0236 | 31 | Ralph Winkler | 3089 | 88...

Words: 816 - Pages: 4

Free Essay

Transactional Analysis

...Dr. Thomas A Harris MD I'm OK, You're OK Transactional Analysis FSCJ Management Theory and Practices MAN 3353 Professor Joe Perry Dr. Thomas A Harris MD I'm OK, You're OK Transactional Analysis Thomas Harris began learning the theories of Transactional Analysis around 1960 directly from the creator of Transactional Analysis, Dr. Eric Berne MD. Harris observed the runaway success Dr. Berne achieved with Games People Play in 1964. Despite the numerous literary accomplishments of Games, Harris felt that he could simplify Berne’s theories even more and make them more accessible to a wider audience. My interest in the subject emanated from a course in interviewing skills and effective communications that I enrolled in at Northern Virginia Community college years ago. According to his biography, Harris began writing the book in 1967. Using Transactional Analysis as a foundation for his book, he developed four possible life positions. • I’m not OK – You’re OK • I’m OK – You’re not OK • I'm not OK, You're not OK and • I'm OK, You're OK Dr. Harris selected I'm OK, You're OK for the title because it is the position one should strive to achieve. I have found that the reaction of people to a management problem is difficult to anticipate. However, we can predict the kind of responses our interventions may evoke from people. I found that a reasonable answer can be found with the help of transactional analysis. When people interact in assertive or non-assertive...

Words: 905 - Pages: 4

Premium Essay

Industrial Industry In India

...From this data we can conclude that, Ahmednagar industrial area is prime location for the industries and since it is one of the oldest industrial area of the state it is having well-furnished infrastructural facilities. 6.4.2. The presence of Micro, Small, Medium and Large scale units Sr. No. Category Cumulative figure Number of enterprises Employment generation Investment (Rs. In lakh) Prod. Capacity Mfg. Service Total Mfg. Service Total Mfg. Service Total Mfg. Service Total 1 Micro 2676 677 3353 19717 25344 45061 17375.9 6193.5 23569 90646 25388 116034 2 Small 1075 81 1156 10614 915 11529 20692.2 1009.5 21702 61331 3933 65262 3 Medium 1 0 1 19 0 19 600 0 600 65000 0 65000 Total 3752 758 4510 30350 26259 56609 38668.1 7203 45871 216977 29321 246298...

Words: 942 - Pages: 4

Premium Essay

Hamilton County Judges Case

...CASE PROBLEM: HAMILTON COUNTY JUDGES Hamilton County Judges try thousands of cases per year. In an overwhelming majority of the cases disposed, the verdict stands as rendered. However, some cases are appealed, and of those appealed, some of the cases are reversed. Kristen DelGuzzi of the Cincinnati Enquirer conducted a study of cases handled by Hamilton County Judges over a three-year period ( Cincinnati Enquirer, January 11, 1998 ). Shown in Table 2.5 are the results for 182,908 cases handled (disposed) by 38 Judges in Common Pleas Court, Domestic relations Court, and Municipal Court. Two of the judges (Dinkelacker and Hogan) did not serve in the same court for the entire three-year period. The purpose of the newspaper’s study was to evaluate the performance of the judges. Appeals are often the result of mistakes made by judges, and the newspaper wanted to know which judges were doing a good job and which were making too many mistakes. You have been called in to assist in the data analysis. Use your knowledge of probability to help with the ranking of the judges. You also may e able to analyze….. TABLE 2.5 CASES DISPOSED, APPEALED, AND REVERSED IN HAMILTON COUNTY COURTS Common Pleas Court Judge Total Cases Disposed Appealed Cases Reversed Cases Fred Cartolano 3,037 137 12 Thomas Crush 3,372 119 10 Patrick Dinkelacker 1,258 44 8 Timothy Hogan 1,954 60 7 Robert Kraft 3,138 127 7 William Mathews 2,264 91 18 William Morrissey 3,032 121 22 Norbert Nadel 2,959 131 20 ...

Words: 2785 - Pages: 12

Premium Essay

The Four Principal Functions of Management

...The Four Principal Functions of Management: Planning, Organizing, Leading, and Controlling Matthew Daley 24 September 2011 MAN 3353 Tristan L. Davison Abstract All new or old organizations whether small or big need to run smoothly and achieve the goals and objectives. Organizations can develop and implement their own management concepts. Basically, there are only four management principles that would allow any organization to control the tactically planned and set decisions. The four principles of management are used, just to have a controlled plan over the preventive measure. These four principal functions of management are: planning, organizing, leading, and controlling. What is normatively held as good management practice for a non-diversified firm? * Process of organizing * Functional organization * More centralized decision-making * Specialist viewpoint at the top * Less formalization of structure required * Less coordination and committee management * Process of planning * Simple long range planning, * High involvement of top management in planning * Less participative, * Heavily linked with the control function * Process of controlling * Concentrated at the top * More detailed at the top * Less use of exception principles * Organization of control centralized What is normatively held as good management practice for a diversified firm? * Process of organizing ...

Words: 1336 - Pages: 6

Premium Essay

Mondavi

...Memorandum To: CC: From: Date: Re: The Cincinnati Enquirer Kristen DelGuzzi Ashley N. Ear; September 16, 2007 Data Analysis of Hamilton County Judges Probabilities used to assist with Ranking of Hamilton County Judges After the current statistics were gathered to produce data analysis regarding Hamilton County Judges, we can come to a conclusion and rank judges appropriately by their probability to be appealed, reversed and a combination of the both. With the provided data analysis, I have included statistics to all probabilities including: total cases disposed, appealed cases, reversed cases, probability of appeal, rank by probability of appeal, probability of reversal, rank by probability of reversal, conditional probability of reversal given appeal, rank by conditional probability of reversal given appeal and overall sum of ranks. The judges that rank the highest (i.e. 1st, 2nd, 3rd) have the lowest probability to have appealed cases, reversed cases and lowest conditional probability of reversed cases given appeal. In my opinion, by ranking the judges as such, we can see how often their ruling is upheld, which is ultimately desirable when concerning the credibility of a judge. I have provided rankings for all three different courts including: Common Pleas Court, Domestic Relations Court and Municipal Court. These overall rankings are gathered by summing up all of the rankings by the three probability variables. I have also provided data analysis which interprets who...

Words: 1210 - Pages: 5

Premium Essay

Case: Hamilton County Judges

...Case: Hamilton County Judges A Review by the Company of Annette July 6, 2012 Abstract Hamilton County Judges try thousands of cases per year. This study is to provide the newspaper with how well the judges are performing. With the results of Kristen DelGuzzie of the Cinncinati Enquirer that conducted the study of the cases in Hamilton County for a three year period. Providing analytical results on how well each and every judge is doing. With the results, the Cinncinati Enquirer will be able answer the question of which judge is performing a good job and which is not performing a good job. By evaluating the results from the data collects. The company of Annette is hired to assist in the data analysis. Case: Hamilton County Judges A Review by the Company of Annette Over a period of three years, Kristen DelGuzzi of the Cinncinati Enquirer created a study to see which Judges were performing the best and worst. Appeals are the result of a mistake made by the judges. Disposed is when the judge throws out the case. And Reversed is when the judge reverses what was said during a pervious case. With this study I will being answering the following questions: 1. Who is doing a good job? 2. Who isn’t doing a good job? 3. Why does the company of Annette think so? With answering the questions. This report will also provided the results from: * The probability of cases being appealed and reversed in three different courts * The probability of a case being appealed...

Words: 3464 - Pages: 14

Free Essay

Essay

...Guidelines for Country Case Report Students are required to do one short Country Case Report, which will count toward the final grade. Country Case Report is worth a maximum total of 100, and each report will contribute to 25% of a student’s final grade. The country case report requires a student to select a country of his/her choice to examine the politics of globalization in that particular country. However, there are sign-up lists for particular group of countries with a maximum number of students who can write on a particular country. These lists are on ‘first-come, first-served’ basis. To encourage students to select countries that are not commonly researched, there is a list of such countries in which students will be given extra points if they choose from this list. The written report should develop and present a position about the politics of globalization for the selected country. The report should also address the expectations as specified by UH Critical Thinking Rubric and by INTB 3352 Global Citizenship Rubric. Please review the grading scheme before writing the report. Technical Requirements: * The minimum requirement is 5 pages (double space with 12 font, Times New Roman, with one inch margins). Maximum is 8 pages (double space). The cover page (e.g., your name and course), bibliography page, and/or any table/figure will not count toward the report’s page requirement. * Provide...

Words: 1445 - Pages: 6

Free Essay

Global Entreprenuership

...GLOBAL ENTREPRENUERSHIP MONITOR Global Entreprenuership Monitor (GEM) adalah suatu project yang diinisiasi pada tahun 1999 oleh partnership antara London Business School dan Babson College untuk menilai secara tahunan kegiatan kewirausahaan, aspirasi wirausaha dan perilaku tiap individunya di seluruh dunia. GEM merupakan studi terbesar di dunia mengenai dinamisnya dunia kewirausahaan dengan mengeksplorasi peran wirausaha dalam pertumbuhan ekonomi nasional suatu negara. Tujuan GEM menjalankan program adalah untuk mengukur perbedaan pada tingkat dan karakteristik aktivitas wirausaha di antara negara-negara, untuk mencari tahu keluasan pengaruh kewirausahaan terhadap pertumbuhan ekonomi dari berbagai negara, untuk mengidentifikasi faktor-faktor yang membantu atau menghambat kewirausahaan, dan untuk memberikan masukan kebijakan yang dapat meningkatkan aktivitas kewirausahaan. Konsep penerapan GEM (GEM Model) adalah menjelaskan dan mengukur secara rinci kondisi-kondisi dimana wirausaha dan inovasi dapat berkembang. Aktivitas GEM Dalam menjalankan program, GEM fokus pada wirausahawan individual. Dalam suatu penelitian, wirausaha individu (sole proprietorships) merupakan bentuk usaha yang paling banyak di Amerika. Membentuk sole proprietorships lebih mudah dan lebih murah dibandingkan membentuk firma atau perseroan terbatas. GEM mengambil fokus pada wirausaha individu karena bentuk wirausaha ini sesuai dengan perspektif sosial ekonomi yang dijalankan oleh GEM. Untuk mengukur...

Words: 1109 - Pages: 5

Free Essay

Student

...Study of Asia-Pacific MBA Programs Bloomberg Business week posted an article on March 17th 2014 titled, Elite Business Schools Hike Tuition for the Class of 2016. This article draws a comparison between tuition costs for the class of 2015 for selected US MBA programs and the class of 2016. Tuition costs are increasing more and more every year, for this reason looking at other alternatives may be more cost effective. The following study provides and interpretation of tuition cots both local and foreign in the Asia-Pacific region. From this study we can see the comparison between tuition costs and starting salaries. We can also see other deciding factors such as admission requirements. Finally this study provides a recommendation for an MBA program in the Asia-Pacific region. Please note Table 1.1 listing the study’s programs with their correlating graph ID. Table 1.1 Business School | Graph ID | Lahore University of Management Sciences | LUMS | Indian Institute of Management (Calcutta) | IIMC | University of New South Wales (Sydney) | UNSW | Indian Institute of Management (Bangalore) | IIMB | Curtin Institute of Technology (Perth) | CIT | Massey University (Palmerston North, New Zealand) | MU | University of Queensland (Brisbane) | UQ | University of Adelaide | UA | Monash Mt. Eliza Business School (Melbourne) | MMEBS | Melbourne Business School | MBS | Royal Melbourne Institute of Technology | RMIT | Macquarie Graduate School of Management...

Words: 3907 - Pages: 16

Free Essay

How Technology Is Changing Marketing

...A transformation of marketing is underway as we spend more time on our mobiles, tablets and laptops. The challenge for brands is to connect with customers through all these devices in real time and create campaigns that work across social media, display advertising and e-commerce. The real-time conversations brands have with people as they interact with websites and mobile apps has changed the nature of marketing. The modern-day marketing department needs to combine the creative side of the discipline – using powerful narratives to tap into people’s wishes and aspirations – with the technical side of data, digital engineering and analytics. The two areas do not always sit easily together. Getting creative marketers to work alongside technical staff can be a huge challenge. To explore these issues, the Guardian, in association with software firm Adobe, invited a panel of five top marketers and digital chiefs to discuss the matter before an audience of about 50 marketing and digital professionals. The question they addressed was: “What does the merging of technology and marketing mean for marketers?” The panel examined the challenges of bringing together these two distinct worlds. Marketing is concerned with understanding people’s motivations and using these insights to create campaigns that promote brands and encourage people to buy their products. It is a creative and often intuitive process. The technology used to achieve this, however, requires skills in mathematics...

Words: 1748 - Pages: 7

Free Essay

The Johari Window

...Dimensions of Latino Experience In the United States there are foreign and domestic born Latino groups. The Latino population is growing at a high rate in the United States. There are eight different Latino groups, which are Mexican, Puerto Rican, Dominican, Colombian, Ecuadorian Salvadoran Peruvian and Guatemalan. In regards to the literature review on Latino experience I have gathered in the semester is that. Puerto Ricans historically have been the 2nd largest Latino population in the New York City. I know from personal knowledge that the Cubans that are domestic born are the richest among all the Hispanic groups right now in 2015. Cuban’s Latino group is at the top in regards to socio economic and educational attainment. In Latino studies and survey’s focuses on comparing socio economic conditions and cultural conditions and problems found within in each primary Latino group. Latino group on the whole still control a small portion of wealth in New York City compared to non Hispanic White, Black, and Asian city residents. The socio economic lower income levels among Latinos maybe at least partially because of lower education attainment compared with Asian, Black and non Hispanic whites. Approximately two thirds of New York City Latinos over the age of 25 reported having no college education, which is higher than Asian, Black and non Hispanic. Puerto Ricans are also the only national group in the Latino population where the majority of respondents were born in the United...

Words: 2011 - Pages: 9