a) Discuss how the budgeting process employed by Peters Corporation contributes to the failure to achieve the president’s sales and profit targets. The first problem would be that the president established targets for the total dollar sales and net income before taxes for the next year. Then the president gave the sales target to the marketing department. By starting at the top and working its way down the chain of command causes problems because not all of the departments are involves in
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Problem #4-13 a) In order to answer the question‚ we first need to consider what do revenue growth and net income represents. Revenue growth suggests the company’s future profitability‚ which means that revenue growth has the potential to be a predictor of future earning power. The income statement contains both revenue and expense information. Furthermore‚ in an efficient market‚ R&D and startup costs can be adjusted‚ and as long as these information are available to the public‚ the company will
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Case Study 9 Kim Chau California Southern University MKT 86519 Dec 19‚ 2014 N. Papazian Accounting for Enron Introduction In the case of Accounting for Enron‚ the case concerned one of the largest corporate bankruptcies in the US history at the turn of the 21st century. It was Enron Corporation‚ a one time seventh largest most successful US company‚ sixth largest energy company in the world‚ valued at over $70 Billion; they filed for chapter 11 on December 2‚ 2001. Just the year before‚ Enron
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Front Sheet (Centre No: 11058) Learner Name: Qualification: BTEC Level 3 Extended Diploma In Engineering (FW267) Unit Title: Health and Safety In the Engineering Workplace (T/600/0249) Unit Number: 1 Assignment Title: The concept of RIDDOR and the use of accident data Assignment No: 4 Hand in dates and times: Date of Issue: 02/09/2013 Submission is: Hand in/Due Date: 11/06/2014 ON TIME □ / LATE □ Copied work will be graded as a FAIL and disciplinary action may be taken against
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Marketing 101 Lecture 1 - notes The who and where of marketing Marketing originated in the 1920’s Who: Marketers have varying backgrounds that work in every industry even various governments. The role of marketing Broader view: Marketing can be integrated with all business activities Depending on the organisation… Limited view: Could be limited to sales or could be just advertising Marketing creates value. What is marketing? Marketing is the activity‚ set of institutions and processes
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ACG 6425 Case 22-4 Abstract Enager Industries‚ Inc. 1. McNeil’s new product proposal was rejected because the project was projected to make a return (using ROA - $130‚000 EBIT sales and total projected asset investment of $1‚000‚000) of 13%. While this exceeds Hubbard’s original goal for each division of earning a 12% return on assets‚ it does not meet the 15% goal set by Hubbard for all new investments. According to CNN Money‚ the industry average ROA for Household and Personal Products
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announcement. Milestone 1. Hall reserved and jazz combo hired –February 2 2. The guest list checked–February 7 3. Invitation sent–February 14 4. Track list confirmed–February 20 5. Caterer hired–February 25 6. Tables‚ chairs arranged–February 28 Technical requirements 1. There must be dance floor that can accommodate 60 people to dance. 2. There must be sufficient number of tables and chairs that can hold 60 people. 3. There must be proper sound equipment for the music. Limits and exclusions 1. The concert
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TRUE-FALSE—Conceptual (1 POINT EACH) 1. Financial accounting is the process of identifying‚ measuring‚ analyzing‚ and communicating financial information needed by management to plan‚ evaluate‚ and control an organiza-tion’s operations. False 2. Financial statements are the principal means through which financial information is communicated to those outside an enterprise. True 3. Users of the financial information provided by a company use that information to make capital
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Principles of Selling Exam 1 Study Guide Ch. 1-5 Contract Law/ Agency Ch. 1: Selling and Salespeople * Personal Selling- is a person to person business activity in which a salesperson uncovers and satisfies the needs of a buyer to the mutual‚ long-term benefit of both parties. * Helping a customer identify problems‚ offering information about potential solutions‚ and providing after-sale service to ensure long-term satisfaction. “Customer Centric” * Everyone sells- Presidents‚ engineers…etc
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Human Failure "4 1/2 minutes" is a story full of the darkest human emotions and human interaction at its worst. The main character‚ Miles‚ will take the reader through a journey and one will wonder why it ends so abruptly. Miles has already begun his torrential downfall eventually leading to his absence of mind and life. Kate Sheofsky wrote this story to show the realness of humans and not to put a sugar coating on it. The author told a weaving‚ intricate‚ and beguiling story of human failure in
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