ACC 3511 Case #3 Case 3: INSEL INC Insel Inc. The controller of Insel’s newly formed Motorised Integrated Circuit (MIC) Division‚ Mustapha Bakri‚ sensed that he and his staff could play a significant part in determining the success of what promised to be an important new business. Not only was his division competing in a new and dynamic market with unique requirements but it also was radically changing the way in which it delivered its product. These circumstances led Mustapha to reassess the most
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Material & Labor Variances Assuming there are no inventories from previous year. Let’s look at Material Price variances as well as labor wage & efficiency variance as the data provided allows us to look at all these parameters. With no understanding of Materials details & measures‚ I will not be looking at material quantity variance. {draw:frame} {draw:frame} In terms of interpretation‚ an easy one to make could be : State Street Shop manager has probably chosen the right supplier
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Impact of advertising Advertising may be described as the science of arresting the human intelligence long enough to get money from it’. It is the consumers who are unaware of this exploitation and become the victims of packaging. Advertising is a faÇade to the outer appearance of a product‚. It is an art to bring about the specifications of a product or service in a rather over the top way. It can be ostentatious‚ bold‚ sarcastic‚ funny‚ raunchy or downright dumb‚ but‚ nevertheless‚ we all
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1997‚ Ameritrade has been growing rapidly in sales while maintaining higher than 40% ROE(on average) during 1975-1996. In March 1997‚ Ameritrade filed IPO on NASDAQ (AMTD) and raised $22.5 million. The main purpose of the IPO is to allow the company to continue its growth. Therefore‚ The CEO & chairman‚ Joe Ricketts‚ has approached our firm and eventually retaining our service to help him evaluate his substantial investments in technology and advertising. While the investment is being expected to
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specific direction of motives‚ drives‚ rationalizations‚ and attitudes. 5) The specific direction of the motives and drives is learned from definitions of the legal codes as favorable or unfavorable‚ 6) A person becomes delinquent because of an excess of definitions favorable to violation of law over definitions unfavorable to violation of law. 7) Differential association may vary in frequency‚ duration‚ priority‚ and intensity. 8) The process of learning criminal behavior by association with criminal
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interest since it is not stated to be compounded annually. * Preferred stock – Initial investment increases by a factor of four (4) in a good market and only half of it in an unfavorable one. * Common stock - Initial investment increases by a factor of eight (8) in a good market but loses all its value in an unfavorable one. Julia has also decided that investments made should be in blocks of $ 30‚000.00. The eligibility factors required from prospective investors are also stated which includes
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INTRODUCTION DANSHUI Plant No.2 is located in southern China was a contract manufacturer that assembled electronic products for companies wishing to save labor costs. DANSHUI was getting a one-year contract with apple Inc. to assemble 2.4 million iPhones. It was very anxious when in the first three months of the contract‚ the plant is unable to be assembled as many as the expected and its operating at a loss. The plant has had difficulty hiring enough workers despite raising wages to 35%. In
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Budget management analysis includes evaluation of departmental and organizational financial concerns to include forecasting‚ benchmarking‚ and cost variance. The purpose of this paper is to determine specific strategies to manage budgets within forecasts and compare five expense results with budget expectations as well as describe possible reasons for variance. This paper will also provide three benchmarking techniques and identify those that may improve budget accuracy in future forecasts. Managing
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John Tan displayed his sense of tactfulness during his meeting with Mark Oh. Tactfulness is having the sharp sense of a situation that is difficult‚ and bearing the know-how in handling it. This is clearly shown by John’s reply to Mark’s request for a detailed plan. John was already aware of the issue on hand and has brought it up to Mark himself even before their meeting. John’s agreement to Mark’s suggestion could also mean that he was already thinking of a similar solution to tackle the problem
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wages and salaries is $1‚540 per month plus $497 per birth. For the month of March‚ the company planned for activity of 112 births‚ but the actual level of activity was 107 births. The actual wages and salaries for the month was $56‚850. The activity variance for wages and salaries in March would be closest to: A. $2‚485 U B. $354 U C. $2‚485 F D. $354 F Solution: C (1‚540 * 1) + (497 * 112) = 57‚204 (Planned) (1‚540 * 1) + (497 * 107) = 54‚719 (Actual) 57‚204 – 54‚719 = 2‚485 F 2. Dus Catering
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