Berkshire Toy Company case questions 1) Using the variance analysis framework developed in class, perform a revenue variance analysis for (i) retail & catalog revenues, and (ii) wholesale revenues. For each analysis, report all five variances (total, activity, mix, price, and revenue), and label each one as either favorable (F) or unfavorable (U). (No label is needed if variance is $0.) Budgeted Sale Mix: Retail & Catalog = 238,000/280,000 = 85% ($49.00) Wholesale = 42,000/280,000
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One Month | For One Year | Sales Matrix: | 1,0005 x 20 =100 10 x20 =20015 x 20 =30020 x 20 =400 = 1,000 | 20,000 | Sales Growth Rate | 5 % | 5 % | Net Income | 2,000 | 24,000 | Net Income Growth Rate | 5 % | 5 % | Return on Equity | 20 % | 20 % | IV. Nature of Project Project Description Katy Berry Ice Scramble was formed on October 22, 2015
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INCOME AND GENDER INEQUALITY IN TODAYS WORLD In President Obama 2012 State of the Union, he called it "the defining issue of our time." (CNN). Income inequality is the extent to which there is a distribution of revenue unevenly among the population. Unfortunate this creates a gap between the rich and everyone. It also gives the idea whether income distribution is fair or unfair. Income inequality is growing in the market day by day, and it is calculated based on the population present in the economy
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article “Income Inequality: Too Big to Ignore” Robert H. Frank provides several explanations for the rising income inequality in the United States by looking at the 100 most populous counties in the country. He begins by analyzing the three decades that followed WWII and points out that they were decades in which incomes across the board rose both equally and rapidly. He then follows this discussion by looking at the last three decades (1980-present) and points out that in this period the income share
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DEVELOPMENT CENTRE Policy Insights No. 96 May 2012 The Middle-Income Trap: Comparing Asian and Latin American Experiences by Anna Jankowska, Arne J. Nagengast and José Ramón Perea ♦♦ Chinese Taipei; Hong Kong, China; Korea and Singapore (the East Asian Newly Industrialised Countries or NICs) have been successful in attaining income convergence with high-income countries while Latin American countries remain caught in the Middle-Income Trap. ♦♦ The East Asian NICs pursued export-led growth by targeting
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Does Mandatory Adoption of IFRS Improve Accounting Quality? Preliminary Evidence* ANWER S. AHMED, Texas A&M University MICHAEL NEEL, University of Houston DECHUN WANG, Texas A&M University 1. Introduction We provide evidence on the preliminary effects of mandatory adoption of International Financial Reporting Standards (IFRS) on accounting quality for a relatively broad set of firms from 20 countries that adopted IFRS in 2005 relative to a benchmark group of firms from countries that did not
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Assume you are the new marketing vice president at the Mayo Clinic. The CEO and the board have decided to expand their international sales revenues by 100 percent over the next five years. Write a memo to your staff outlining the marketing research that will be needed to support such a strategy. Be specific about sources of secondary data and the best places and media for gathering primary data. Also, be specific about the best methods to use. At Mayo Clinic, in order to expand the international
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FIFO > LIFO | COGS | ↓ | ↑ | FIFO < LIFO | Income tax | ↑ | ↓ | FIFO > LIFO | Net income | ↑ | ↓ | FIFO > LIFO | Current ratio | ↑ | ↓ | FIFO > LIFO | Return on investment | ↑ | ↓ | FIFO > LIFO | 2. (a)What factors should the management of Example Corporation in this case consider when deciding whether to switch from LIFO to FIFO at the beginning of Year 2? (b) Would this change impact the balance sheet or income statement in a material way? Why or why not? Answer:
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employees are attracted to (and remain with) the organization. By rewarding certain behaviors, it can align employees’ interests with the organization’s goals. Employees care about policies affecting earnings because the policies affect the employees’ income and standard of living. Besides the level of 340341pay, employees care about the fairness of pay compared with what others earn. Also, employees consider pay a sign of status and success. They attach great importance to pay decisions when they evaluate
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Introduction Cottle was founded in 1815 as a hand soap manufacture out of Philadelphia. The company would grow to produce more than 200 products in oral care, personal care and home care by the year 2009. Revenues were $11.5 billion in 2009 over a span of 200 countries. In 2009, Cottle focused on its ability to increase its earnings in India. The India marketing division of Cottle (Cottle-Taylor) oral care director, Brinda Patel, believed that India had a projected growth. From the information
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