Category: Uncategorized

ACC- Rick Company’s beginning inventory and purchases

ACC- Rick Company’s beginning inventory and purchases

Question
	
Rick Company’s beginning inventory and purchases during the fiscal year ended December 31, 2012, were as follows: (Note: The company uses a perpetual system of inventory.)

Units Unit Price Total Cost
January 1—Beginning inventory 18 $24 $432
March 12—Sold 13
April 11—Purchase 45 $29 $1,305
June 20—Sold 33
Aug 16—Purchase 35 $27 $945
Sept 11—Sold 29
Total Cost of Inventory
Ending inventory is 23 units. $2,682

What is the cost of goods sold for Rick Company for 2012 using LIFO?

for my finance work

for my finance work

Question
	roblem 1
Chicago Company has the following information pertaining to its Brick division for this year:
Bricks
Fixed manufacturing expenses	$ 70,000
Fixed selling and administrative expenses	60,000
Sales	500,000
Direct manufacturing costs (variable)	80,000
Variable selling and administrative expenses	140,000

Corporate expenses allocated to the brick division are $48,000.
Calculate the brick division’s division margin.
Problem 2
Ruby Division had the following information:

Current Liabilities	$ 3,600,000
Investment base	30,000,000
Net operating income before taxes	4,000,000
Tax rate	35%
Cost of capital	10%

Calculate Ruby Division's economic value added.
Problem 3
The Chip Division of Circuit Co has just revised its actual cost data for the year just ended. Chip Division transfers circuit boards to the Assembly Division, and incurs no selling expense for such transfers. Assembly Division can buy the same goods in the open market for $132 each. Chip's new cost data are:

Direct materials	$ 60
Direct labor	30
Variable manufacturing overhead	10
Fixed manufacturing overhead	8
Variable selling expenses	6
Fixed selling and administrative expenses	 12
Total costs	$126
Desired return	 20
Sales price	$146

Current production is 400,000 units, and Chip has a capacity of 600,000 units.
Required:
a. What is the lowest price Chip should charge for the internal transfer of its goods?
b. What is the highest price Assembly should pay Chip for the units?
c. Give the primary reason why Chip should reduce its price for internal transfers below the market price.
Problem 4
Hinsdale Company has the following data for this year:

Bottling Division	Mixing Division
Average operating assets	$320,000	$ 800,000
Contribution margin	160,000	500,000
Operating income	80,000	120,000
Sales	400,000	1,200,000
Weighted-average cost of capital	18%	18%

Hinsdale Company has a target ROI of 18 percent.
Required: Calculate the following amounts for each division:
a. Return on sales ratio
b. Operating investment turnover
c. ROI
d. Residual income

BAM 570 E-Commerce Management Unit Exam

BAM 570 E-Commerce Management Unit Exam

Question
	
Multiple Choice Questions (Enter your answers on the enclosed answer sheet)
1) Paws ‘n Tails is an online pet shop that wants to influence what customers buy and build effective customer relationships and loyalty. What is the key to influencing behavior and building these relationships?
a. Understanding consumer online behavior and then influencing it through advertising and
promotions
b. Understanding competitors’ pricing strategy and then undercutting it
c. Identifying the wants and needs of major customer segments
d. Suggesting as many products as possible to online shoppers as soon as they visit the EC
site
2) A(n) _____________ is someone whose advice or view carries some weight in making a final purchasing decision.
a. initiator
b. influencer
c. decider
d. buyer
3) The use of cookies ______________.
a. is one of the most controversial issues in EC
b. has not helped Internet marketers target their ads
c. is a widely used method for mass marketing
d. is being replaced by adware and spyware programs
4) Once a company knows a consumer’s preferences, the company can predict, without asking the consumer directly, what other products or services that consumer might enjoy through ______________.
a. active web bugs
b. spyware
c. collaborative filtering
d. personalization
5) Which of the following is not a specific method for collecting online data?
a. Phone surveys to learn if there are too many products for the customer to look through
b. E-mail communication with individual customers
c. Moderated focus groups conducted in chat rooms
d. Tracking customers’ movements on the Web
6) Two key factors limiting the use of personalization to more precisely target marketing efforts to individual customers are _____________.
a. matching profiles with product offerings and delivering those offerings
b. communication costs and filtering costs
c. privacy and trust issues
d. lack of customer loyalty and service customization costs
7) Which of the following statements about Web mining is false?
a. Web mining refers to the use of data mining techniques for discovering and extracting information from Web documents.
b. Web mining explores both Web content and Web usage.
c. Web mining uses customer data to infer or predict customer interest in other products or services.
d. Usage analysis is derived from clickstream data.
8) ____________ is an advertising network that a B2B company can use as part of its advertising strategy to reach new customers.
a. Amazon.com
b. BBB Online
c. DoubleClick
d. WebMonkey
9) The popularity of Apple’s iPhone and Application Store has made _____________ important to advertisers, who see social networking widgets, restaurant locators, mobile games, and other applications as prime targets.
a. stickiness
b. direct marketing
c. mobile advertising
d. banner ads
10) Banner advertising on Websites helps trigger a realization that there is a gap between reality and a desired state, which occurs in the _____________ stage of the EC purchase decision-making process.
a. need identification or recognition
b. information search
c. evaluation
d. product or merchant brokering
11) As the volume of customers, products, vendors, and information increases, it becomes uneconomical or impossible for customers to consider all relevant information and available products/services. The practical solution to handling such information overload is______________.
a. to use permission marketing
b. to use software or intelligent agents
c. to increase the use of ad agencies
d. to design Websites with minimal content
12) Portsmouth Hospitals NHS Trust, which provided health-care services for almost 1 million people in the United Kingdom, cut back-office purchasing costs by ______________.
a. using online reverse auctions to purchase from suppliers at the the lowest mutually acceptable purchase price
b. implementing online catalogs
c. buying via its intranet
d. using collaborative commerce
13) B2B transactions that involve communication, design, planning, information sharing, and activities beyond financial transactions among business partners is referred to as _______________.
a. exchanges
b. collaborative commerce
c. trading communities
d. public marketplaces
14) The ________ consists of a number of interrelated subprocesses that extend from the acquisition of materials from suppliers to packaging it and moving it to distributors and retailers.
a. horizontal marketplace
b. vertical market
c. supply chain
d. production chain
15) Which of the following is not one of the major benefits of B2B for both buyers and sellers?
a. Expedites processing and reduces cycle time
b. Reduces procurement costs
c. Enables customized online catalogs with different prices for different customers
d. Increases opportunities for collaboration
16) All are benefits of B2B except:
a. creates new sales or purchase opportunities.
b. eliminates paper and reduces administrative costs.
c. increases channel conflict.
d. lowers search costs and time for buyers to find products and vendors.
17) EC companies will usually separate their B2C orders from their B2B orders because B2C and B2B orders have different _____________.
a. buying and delivery processes.
b. accounting and financial processes.
c. marketing processes.
d. order-fulfillment processes and pricing.
18) A company’s acquisition Website that uses e-procurement methods such as reverse auctions, negotiations, or group purchasing to overcome the manual searching of e-stores is referred to as _____________.
a. desktop procurement method
b. buy-side e-marketplace
c. an intermediary
d. aggregated catalog
19) Denver Boards, a B2B manufacturer of snowboard equipment, can reach and target new retail customers in order to grow its online business by ______________.
a. hiring an affiliation service to drive traffic to its Website.
b. reviewing POS data.
c. mining data.
d. advertising in traditional media.
20) A company’s internal operations and its relationships with suppliers and other business partners are frequently _____________.
a. as complex as customer-facing applications such as taking an order online.
b. much more complex than customer-facing applications such as taking an order online.
c. much less complex than customer-facing applications such as taking an order online.
d. replaced by customer-facing applications.


21) The last fifteen orders from a manufacturer to its suppliers range from $100,000 to $8,750,000. This is an example of _____________.
a. the bullwhip effect
b. demand manipulation
c. supply inadequacy
d. order instability
22) A major block in the widespread implementation of collaborative commerce is ______________.
a. the theory of collaborative commerce hasn’t been proven effective in real-world applications.
b. the technology needed isn’t available.
c. collaborative commerce is extremely expensive.
d. the lack of universally accepted standards.
23) All of the following are true about product life cycle management (PLM) except:
a. PLM can have significant beneficial impacts in cycle time, design reuse, and engineering.
b. The demand for PLM is limited because it does not apply to products that have short life cycles or are complex.
c. PLM is a big step for an organization because it requires integrating different processes and systems.
d. PLM tools are offered by major IT companies such as SAP and IBM.
24) The Lotus Notes/Domino suite includes all of the following except:
a. instant video.
b. document management.
c. database.
d. communication support.
25) Infrastructure needed for groupware include all of the following except:
a. VoIP.
b. intranets.
c. extranets.
d. the Internet.

Game Theory Problems

Game Theory Problems

Question
	QUESTION 1. (Flat Tire and Coordination) Two college students, Al and Bob, very
confident about their mid-term exam performance, decided to attend a party the weekend
before the final exam. The party was so good that they overslept the whole Sunday. Instead
of taking the final exam unprepared on Monday, they pleaded to the professor to give them a
make-up exam. Their excuse was a flat tire without a spare and any help. The professor,
surprisingly, agreed. On Tuesday morning, the professor placed them in separate rooms and
handed them the test. The test had just one question: which tire?
.

(a) Suppose the final score is entirely based on the make-up test. If Al and Bob give the
same answer on the flat tire question, both pass the exam, yielding a payoff of 10 for each of
them. If Al and Bob, however, give different answers, both fail the exam, getting payoff
zero. Write down the game table of this simultaneous-move game between Al and Bob.

.

(b) Find all pure-strategy Nash equilibria of this game.

.

(c) Find two mixed-strategy Nash equilibria of this game with the following requirements:
in one of the mixed Nash equilibrium, each player randomizes using two pure strategies,
and in the other mixed Nash equilibrium, each player randomizes using three or four pure
strategies.

QUESTION 2. (The Employee Monitoring Game) Consider the employee monitoring
game discussed in class (Lecture Notes 3, page 18): Suppose an employee in a company can
either work or shirk. The manager of the company cannot directly observe whether the
employee is working or not. However, the manager can pay a cost of $10 to find out the
employees behavior. If the manager finds out that the employee shirks, the manager can
legally pay nothing to the employee. If, however, the manager has no hard evidence about
the employees shirking, the manager has to pay the employee $100. We assume that the
manager will get a payoff of $200 if the employee works and $0 if the employee shirks. In
addition, we assume that it costs the employee $50 if he works.
1. Write down the game table of the above simultaneous-move game. What are the

(complete) strategy sets of the players?
2. Find all (pure-strategy and mixed-strategy) Nash equilibria for the above game.

QUESTION 3. (First-Price Sealed-Bid Auction) Alice is selling her 2000 Chevrolet
cavalier to her friends, Bob and Charles. It is commonly known that Bob attaches a value of
$6000 to Alice’s old car, while Charles’s value of the car is $6500. Alice designs the
following auction to sell her car: First, she asks each of them to write his bid on a piece of
paper. Then Bob and Charles give their bids to Alice. Notice that when Bob and Charles
write down their bids, they don’t know each other’s bid (hence the name "sealed bid"). After
Alice receives the sealed bids, the bids are shown to everyone and the car will be sold to the
person who has a higher bid. When there is a tie (Bob and Charles bid the same amount),
then Alice would flip a fair coin to decide who will get the car.

.

(a) Write down the normal form representation of this game.

.

(b) Find weakly dominated strategies for both Bob and Charles. Is “bidding 0” a weakly
dominated strategy for either player? Explain.

.

(c) Find the set of all pure-strategy Nash equilibria for this game.

QUESTION 4. (Cournot Duopoly Revisited) Consider the Cournot duopoly model where
the (inverse) demand is P (Q) = a - Q. The two firms now have asymmetric marginal costs:
c1 for firm 1 and c2 for firm 2.
(a) What is the Nash equilibrium if 0 < ci < a/2, i ? {1,2}for each firm?
(b) What is the Nash equilibrium if 0 < c1 < c2 < a, but 2c2 > a+c1?

QUESTION 5. (Dominance by Mixed Strategies and Mixed Strategy Nash Equilibrium)
Consider the following 3 x 3 simultaneous-move game ("3 x 3" means that both players
have three pure strategies).
L

C

R

T`

1, 1

0, 0

2, 0.3

M

0, 0

1, 1

1, 0.3

B

0.3, a 0.3, b

0.5, c

(a) Given that all you know about the game is the above game table and that a, b and c is
that they are three arbitrary constants, find all strictly dominated strategies for the players
(Hint: One strategic consequence of introducing mixed strategies to a game is that now a
pure strategy can be strictly dominated by a mixed strategy, which is the case for one of the
players in the above game.)
(b) Find all (pure-strategy and mixed-strategy) Nash equilibria for the above game.

M5 Assignment 2 – Fair Shares

M5 Assignment 2 – Fair Shares

Question
	


M5 Assignment 2: Fair Shares
The Center City Anuraphilic (frog lovers) society has fallen on hard times. Abraham, Bobby and Charlene are the only remaining members and each feels equally entitled to take possession of the society’s collection of live rare tropical frogs. The decision is made to use the method of sealed bids and fair shares to decide who will take possession of the entire collection and how much will be paid in compensation to the other members.


 
Abraham unseals his estimate of the value of the collection at $12,000.00. Bobby’s estimate of the value of the collection is $6,000.00. Charlene values the collection at $9,000.00.



Who receives the collection of frogs?
What is each person’s fair share of the monetary value of the collection?
Why is the monetary amount of each fair share different?
How much money is owed to each of the two people who do not “win” the collection of frogs?
In your opinion how “Fair” is the process described above?
Now pretending for a moment that you like frogs, we will insert you into the situation under special circumstances. Despite (or perhaps because of) your love of all things amphibious, you currently lack the funds to pay each of the others their probable fair share. You will not receive the collection, but wish to receive as much money as possible. You have no knowledge of the amounts in each of the sealed bids, but strongly suspect that Abraham will bid between $10,000.00 and $12,000.00.

Given that you cannot afford to “win” the process, describe how you will go about deciding what to put down for your own estimate of the value of the collection.

In Windows 7, you can open the command prompt console by clicking Start

In Windows 7, you can open the command prompt console by clicking Start

Question
	

1. (TCO 9) In Windows 7, you can open the command prompt console by clicking Start, pointing to all programs, clicking accessories, and clicking ____. (Points : 2) 
command prompt
Cmd
console
command


2. (TCO 9) To page through a list of Fedora 13 directories and files on a disk (or any list that is too long for a one-screen display), use the ____ command. (Points : 2) 
chroot
dirs
dirname
more


3. (TCO 9) In Fedora 13, to control the order in which items appear in a list, you pipe the output of the ls
command to a ____ command. (Points : 2) 
sort
pwd
select
find


4. (TCO 9) In the Windows 7 CLI, you can create a subdirectory using the ____ command. (Points : 2) 
TREE
MD
CD
DIR


5. (TCO 9) In the Fedora 13 CLI, you create a directory using the ____ command. (Points : 2) 
mkdir
chdir
md
cd


6. (TCO 10) To hide a directory named Secret, you would type: ____. (Points : 2) 
DIR +H Secret
DIR -H Secret
ATTRIB +H Secret
ATTRIB -H Secret


7. (TCO 10) Windows 7 uses file extensions to identify file ____. (Points : 2) 
relationships
associations
sources
attributes


8. (TCO 10) Unlike Windows 7, when you save a file in Fedora 13, the application stores file and directory attributes in a(n) ____. (Points : 2) 
inode
matrix
table
vector


9. (TCO 10) To find files containing words that start with the characters Work, use the following command: ____. (Points : 2) 
FINDSTR /R "work."
FIND /R "work."
FINDSTR /R "/

Powerpoint 2

Powerpoint 2

Question




Your company is bought out by another company and there were massive layoffs.
Your manager was one of the casualties. In the reorganization, your department
was moved to the new parent company which means new coworkers and more
importantly, a new boss as part of a new publishing company with 300 employees
over 4 sites. Your new manager visited your new desk as you were unpacking your
stapler and announced that you were the person with the most experience so they
needed you to give a presentation to the other department managers on the need
for physical security and adequately configuring your company's network to be
secure. Since you don't have a list of equipment, you have a little leeway on
what your presentation will include in that respect, however, for details on
physical security, you have to make sure you include the basics. Make sure you
detail what will deter hackers from breaking in.


Submit a PowerPoint presentation with 8-10 (or more) slides that outlines
your company's needs for these types of security, how it should be used, and how
it is to be structured.

Earrnings Unlimited Case 9-30

Earrnings Unlimited Case 9-30

Question
	
CASE 9–30 Master Budget with Supporting Schedules 


You have just been hired as a new management trainee by Earrings Unlimited, a distributor of earrings to various retail outlets located in shopping malls across the country. In the past, the company has done very little in the way of budgeting and at certain times of the year has experienced a shortage of cash.


Since you are well trained in budgeting, you have decided to prepare comprehensive budgets for the upcoming second quarter in order to show management the benefits that can be gained from an integrated budgeting program. To this end, you have worked with accounting and other areas to gather the information assembled below.


The company sells many styles of earrings, but all are sold for the same price—$10 per pair. Actual sales of earrings for the last three months and budgeted sales for the next six months follow (in pairs of earrings):


 
	
,

		Attachments
		
 (310.82 KB)

The primary factor driving change in marketing today is

The primary factor driving change in marketing today is

Question
	

1. What major forces are driving business to incorporate electronic marketing tools into the operations?
A. Speed 
B. Accessibility 
C. Accuracy of information 
D. All of the above


2. The primary factor driving change in marketing today is:
A. the rapid change in computer hardware. 
B. the increasing demand for segmentation by advertisers. 
C. consumers' increasing demand for privacy. 
D. the rapid change in computer software.


3. Electronic marketing resources include:
A. personal selling. 
B. direct mail. 
C. telemarketing. 
D. radio and TV advertising.


4. Network-based resources include:
A. the Internet and WWW sites. 
B. advertising agencies. 
C. hardware and software manufacturers. 
D. sales and marketing consultants.


5. With electronic marketing resources, marketers:
A. are forced to justify higher costs to customers. 
B. must use expensive sales promotions tactics. 
C. can bring value-added services to each customer. 
D. have an easier job of selling their products or services.


6. The ratio of business-to-business purchases over the Internet as compared to consumer purchases is:
A. 50 : 50. 
B. 85 : 15. 
C. 40 : 60. 
D. 30:70.


7. Computer networks which provide services within an organization but are not necessarily connected to the Internet are called:
A. non-Internet networks. 
B. extranets. 
C. intranets. 
D. asynchronous nets.


8. Telecommuting:
A. is a work arrangement that is not favored by employers. 
B. allows employees to work when and where they want at their discretion. 
C. allows people to work remotely, away from the central office. 
D. is on the decline among employees.


9. Online retailing:
A. uses the traditional marketing process to build sales. 
B. is not an alternative to shopping in a mall. 
C. is not being adopted because of security problems. 
D. is an experimental concept still in the test stage.


10. In store site selection, electronic resources can provide data on:
A. income, population profiles, and occupations. 
B. household growth and traffic counts.  
C. psychographic profiles. 
D. All of the above


11. The number of Internet users is:
A. unknown due to the wide variance of estimates. 
B. 9.5 million. 
C. 62 million. 
D. 57 million.


12. Various marketing processes, including those done in annual cycles, are also done in electronic marketing, but there is one unique feature that e-marketing resources add beyond traditional marketing. What is that factor?
A. That it costs more to do the same processes 
B. The use of computer systems 
C. Interactivity between the e-marketer and the consumer 
D. A bigger sales staff


13. The activity most frequently engaged in by businesses on the WWW is:
A. internal communications. 
B. vendor support. 
C. researching competitors. 
D. gathering product information.


14. The typical business model for start-up retail vendors on the Internet includes all of the following EXCEPT:
A. payment by credit card. 
B. immediate delivery of the purchase. 
C. relatively quick home delivery. 
D. easily searchable catalogs of products.


15. Demographic change is an important environmental variable. Which of the following is NOT a key demographic concern?
A. Composite age profiles 
B. Lifestyle clusters 
C. Occupational profiles 
D. Income clusters


16. Electronic commerce now comprises __________ of the total U.S. economy.
A. 40% 
B. an elusive volume 
C. 60% 
D. nearly 100%


17. A major benefit to conducting market research is that it permits more:
A. support for "what the boss likes." 
B. subjectivity. 
C. objectivity. 
D. flexibility.


18.Online marketers, besides using the Internet for selling or buying activities, can also use it for:
A. employee recruitment. 
B. filing legal documents. 
C. disseminating fragrance samples. 
D. providing relocation information (homes, apartments, schools, etc.).


19. The marketer must monitor and adapt to events taking place in the economic environment, such as:
A. monetary exchange rates. 
B. trends in wages. 
C. interest rate fluctuations. 
D. All of the above


20. Some consumers shop and buy on the Internet while other consumers prefer to shop and buy in regular, physical stores, causing which new category of consumers to emerge?
A. People who do not shop anywhere 
B. People who shop only on the Internet 
C. People who buy only in physical stores 
D. People who shop on the Internet but buy using normal channels