Questions 1. Identify all the accounting policy changes and the accounting estimates that Harnischfeger made during 1984. Estimate‚ as accurately as possible‚ the effect of these on the company´s 1984 reported profits. 2. What do you think are the motives of Harnischfeger´s management in making the changes in its financial reporting policies? Do you think investors will see through these changes? Answers 1. Identify all the accounting policy changes and the accounting estimates that
Premium Revenue Generally Accepted Accounting Principles Income statement
1. Masters must decide whether to approve a market test of the new products to a limited cross-section of drug and food-and-drug stores. The estimated cost of the test is $30‚000‚ along with a $10‚000 supplier set-up charge. A 20‚000 unit minimum order for each package size is also required. Estimated total cost of the test market is as follows: $30‚000 Test Market cost + 10‚000 Set-up cost + 5‚800 10 oz can Production cost + 4‚800 5 ½ oz can Production cost $40‚600 Total test Market
Premium Variable cost Costs
2. What are the chief elements of Costco’s strategy? Chief elements of Costco’s strategy were low prices‚ limited selection‚ and a treasure-hunt shopping environment. The ultra-low pricing strategy includes a mark-up capped at 14% and Kirkland‚ a Costco brand designed to be of equal or better quality than national brands. Product Selection is limited to 4‚000 items within a wide variety of categories. Costco does however include ancillary businesses to increase member alternatives. The loss of
Premium Financial ratio Costco Financial ratios
Dexit is a rechargeable‚ contactless‚ stored-value smart key tag used for electronic payment in on-line or off-line systems in Toronto‚ Canada‚ since 2003. Instead of coins or cards (and PIN)‚ Dexit uses an RFID key tag device associated with funds transferred from ordinary bank accounts. There is no link to access the accounts from the key tag‚ a feature to guard against the abuse of lost key tags. Accounts can be filled up from the Dexit website‚ by telephone‚ at participating merchants‚ or
Premium Credit card Macroeconomics
Marriage Essay Hoobant October 28‚ 2012 Many people plan on getting married at some point in their life. That being said‚ there are risks involved with getting married. Marriages are prone to failure because of lack of passion‚ lack of commitment and lack of intimacy. Marriage is a gamble‚ it has its ups and downs and there is no guarantee for a successful marriage. Many couples feel madly in love with each other and then decide to get married. Over the course of many years together‚ most couples
Premium Love Marriage Alimony
Häfner‚ M.‚ & Trampe‚ D. (2009). When thinking is beneficial and when it is not: The effects of thin and round advertising models. Journal of Consumer Psychology‚ 19(4)‚ 619628. doi: 10.1016/j.jcps.2009.06.004 The main research question is how different size models shown in advertisements have an effect on product evaluations? In the first experiment‚ the hypothesis is“[e]xplicit product evaluations are more positive when a round model advertises the product than when a thin model does. Implicit product evaluations follow an
Premium Advertising Motivation Model
Harvard Business School 9-681-045 Rev. February 27‚ 1998 Burger King Corporation The first Burger King restaurant in Miami in the mid-1950s featured a walk-up window‚ a limited menu (burgers and shakes for 19¢‚ sodas and fries for 10¢)‚ and "your food ready by the time you ’d paid for it." As one early manager recalled‚ "Our windows faced front so we could see customers driving in. With the limited menu‚ we pretty much knew what they ’d order and we ’d have it ready." In the 1960s and 1970s
Premium Burger King Hamburger
Marriott Corporation The Cost of Capital Author Student Number 董晖 林桐 吴正浩 祝承懿 Shanghai Advanced Institute of Finance‚ Shanghai Jiao Tong University Table of Contents Background The hurdle rate is the required return or opportunity cost of each division and company. Only project with positive NPV discounted by hurdle rate will be invested‚ and the total return of Marriott up to all projects invested. Though there are many subjective aspects in estimation
Premium Debt Weighted average cost of capital Leverage
1. Is Boise Cascade Corporation CDPS a profit center? Boise Cascade’s Corporate Data Processing Services (CDPS) is considered a profit centre. A profit center is a business unit that is treated as a distinct unit within an organization‚ where expenses and revenues are calculated separately in order for profitability to be determined. CDPS was a division of the Corporate Information Services department within Boise Cascade Corporation‚ which was responsible for running the mainframe computer and
Premium Management Community building Economic development
Text 1. WHY DO MULTINATIONAL ENTERPRISES EXIST? Why do multinational enterprises (MNEs) exist? This seems to be a silly question. The answer seems to be simple – because they are profitable! But the issue is more complicated than it sounds. There is some agreement that five different pieces together provide a good explanation of why multinational firms exist (and why they are as large as they are. The combination of these five pieces into a framework for understanding multinationals is often called
Premium Corporation Globalization Multinational corporation