...this, any business that expands its market online will basically profit in expansion moving from a local to a global market. In this case, the income will be largely intensified. Home Dress’n X is a company that specializes in selling clothes, shoes, home accents, bed and bath products, and luggage. It opened its doors in 1982, selling its merchandise with bargain prices. Nowadays, it is well-known among the S&P, Fortune 500, and Nasdaq 100. Although Home Dress’n X has high ranges in the brick-and-mortar market, its website shows otherwise in the virtual market. The store has been very successful due its great prices as opposed to its competitors. However, when taking a look at the Home Dress’n X website, one can visibly see not much marketing there. Additionally, the website, as opposed to the store, is very dull and not enough diversity is shown. For instance, the store has a variety of merchandise, some brand names, and new trends. The merchandise are arranged according to sexes, sizes, genres, and new arrivals. Due to the high demands of established customers, though, according to Mr. Allendi, who is the sales manager of one of the Home Dress’n X stores, it would make a great impact on the store’s income/sales if there were great improvements on the website with better options for purchasing. How can improvements be made to the Home Dress’n X website so that it attracts and drives more people to the...
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...Keep your exam scantron covered . . . . Keep your eyes on your own paper . . . . A202 Managerial Accounting Exam 2B (Chapters 6, 9, 7, 8 & 11) Spring 1. If a company has excess capacity, how might they mitigate it in the short run? A. Outsource a component they are currently manufacturing in house B. Increase the selling price of the product C. Accept a special order D. Discontinue price discounts E. Hire additional employees 2. Brite Lites makes floor lamps. The company has received a request to make a special production run of 50 custom-made floor lamps. Each of the special order lamps requires $10 in labor, $8 in materials and $5 in variable overhead. In addition, the special production run requires a setup cost of $400. Brite Lites currently has 45 units of excess or idle capacity. The company's regular lamps generate a contribution margin of $20 each. Brite Lites allocates fixed overhead to its product at a rate of $7 per unit. What is the minimum selling price per lamp Brite Lites should accept to make the special order? $20 A. $23 B. $30 C. $31 D. $33 E. Cost of special order Variable cost ($10 + $8 + $5) x 50 units = $1,150 Setup cost = $400 Opportunity cost = $20 x (50 units - 45 units) = $100 Total = $1,650 Minimum price per unit = $1,650 / 50 units = $33.00 Keep your exam scantron covered . . . . Keep your eyes on your own paper . . . . 3. The Owens Company budgeted sales of 20,000 printers at $90 per unit last year. Variable manufacturing costs were...
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...Problem Solution: Remington Peckinpaw Davis Inc. Problem Solution: Remington Peckinpaw Davis Inc. Introduction Remington Peckinpaw Davis, Inc ("RPD") was incorporated as a trading firm more than 35 years ago. RPD was always a Wall Street force to be reckoned with. The founder, Sam Remington, was a pioneer in shaping the today’s stock market. RPD’s original targeting of America’s upper echelon was a strategy that served the company well through the early 1990's. The Internet and real estate boom, however, changed the face of investment. Not only did they create a new layer of wealth, but they also provided RPD's newer, technically innovative competitors with a host of new tools with which to tap into it. To keep up with technology and tap into the new layer of wealth, RPD implemented an online trading program, eRPD. RPD did not, however, define the scope of the project, nor did its project manager make accurate estimates of the costs, time and resources needed for completion of the project. As a result, eRPD failed to give the customers a system that was reliable and easy to use. Recently, on a very volatile trading day, customers could not log into their account. When one investor finally did, stock and index quotes were inaccurate, giving a false sense that the damages were not as bad as he initially thought. By the time the corrected quotes were reported, it was too late for the investor to do anything. To keep up with technology...
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...A Business Plan The following business plan has been formulated to obtain $200,000 in capital to establish a coffeehouse on the campus of Doane College named The Orange Cup. This plan will also serve as a formal outline for the first five year's of operation. The financial forecasts show that this investment has significant promise for the future. The Orange Cup will provide for the Doane College Community a comfortable atmosphere while serving quality coffee at an affordable price with exceptional service. A wide variety of coffee products including, gourmet coffees, latte, cappuccino, espresso, and iced coffee, will be available at The Orange Cup. In addition, The Orange Cup will offer juice, pop, and bottled water, hot cocoa, hot cider, and tea. The marking strategy for The Orange Cup is to attract students and faculty to the coffeehouse to endure in a relaxed atmosphere, or for those customers with hectic schedules, the convenience of our products. The following tables represent sales forecasts and projected profit (loss) figures. For the first year of operation, The Orange Cup has projected gross sales in the amount of $194,880. Revenues increase 5% for the calculated four following years. The 5% increase in sales represents an increase in the population of students on Doane’s campus. A profit for the coffeehouse can be seen over the five years projections. All profits will ultimately end up in a scholarship for Doane students. Year Gross...
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...fundamentals of cost accounting fourth edition William N. Lanen Shannon W. anderson Michael W. Maher ® accounting The integrated solutions for Lanen/Anderson/Maher’s Fundamentals of Cost Accounting, 4e have been proven to help you achieve your course goals of improving student readiness, enhancing student engagement, and increasing their comprehension of content. Known for its clear and engaging style, the Lanen solution employs the use of real-world scenarios, LearnSmart, and instant feedback on practice problems to help students engage with course materials, comprehend the content, and achieve higher outcomes in the course. Our new Intelligent Response Technology-based content offers students an intelligent homework experience that helps them stay focused on learning instead of navigating the technology. Finally, McGraw-Hill’s adaptive learning component, LearnSmart, provides assignable modules that help students master core concepts and come to class more prepared. LearnSmart with Lanen is an introductory managerial accounting review, providing students with a refresher on these topics for their cost accounting course. PROVEN EFFECTIVE Get Connected. FEATURES Intelligent Response Technology Intelligent Response Technology (IRT) is Connect Accounting’s new student interface for end-of-chapter assessment content. Intelligent Response Technology provides a general journal application that looks and feels more like what you would find in a general ledger...
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...Additional Praise for Ramit Sethi and I Will Teach You to Be Rich “Ramit Sethi is a rising star in the world of personal finance writing. . . one singularly attuned to the sensibilities of his generation. . . . His style is part frat boy and part Silicon Valley geek, with a little bit of San Francisco hipster thrown in.” —SAN FRANCISCO CHRONICLE “The easiest way to get rich is to inherit. This is the second best way—knowledge and some discipline. If you’re bold enough to do the right thing, Ramit will show you how. Highly recommended.” —SETH GODIN, AUTHOR OF TRIBES “You’ve probably never bought a book on personal finance, but this one could be the best $13.95 you ever spent. It’ll pay for itself by the end of Chapter 1 (check out the box on page 24 to see what I mean).” —PENELOPE TRUNK, AUTHOR OF BRAZEN CAREERIST: THE NEW RULES FOR SUCCESS “Most students never learn the basics of money management and get caught up in the white noise and hype generated by the personal-finance media. Ramit’s like the guy you wish you knew in college who would sit down with you over a beer and fill you in on what you really need to know about money—no sales pitch, just good advice.” —CHRISTOPHER STEVENSON, CREDIT UNION EXECUTIVES SOCIETY “Smart, bold, and practical. I Will Teach You to Be Rich is packed with tips that...
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