7. Barker Company has a single product called a Zet. The company normally produces and sells 80‚000 Zets each year at a selling price of $40 per unit. The company’s unit costs at this level of activity are given below: Direct materials $ 9.50 Direct labor 10.00 Variable manufacturing overhead 2.80 Fixed manufacturing overhead 5.00 ($400‚000 total) Variable selling expenses 1.70 Fixed selling expenses 4.50 ($360‚000 total) Total cost per
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Financial Ratio Analysis Splash * Profitability For the year 2010‚ Splash Corporation experienced a significant increase in its Operating Profit Margin‚ Return on Sales‚ Return on Equity‚ and Return on Assets because of High Net Income during the year. It is brought about by the large amount of Sales from Direct Selling business and better sales-mix. For the year 2011‚ the Company’s profitability has declined because of the increase in the cost of raw materials and increased spending on advertising
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FBE 421 Prof. Briggs Problem Set #1 Please print out this document and clearly handwrite your answers to each of the questions below in the space provided. Show all your work accordingly. A. Calculate LTM (a) Revenue and (b) Net Income for Costco Wholesale (COST) using their latest financial statements as of 3Q2011. 77946+60737-53821=84‚862 MM Revenue 1303+984-871= 1‚416 MM Net-income B. Calculate Costco’s LTM (a) EBIT and (b) EBITDA. 2077+1677-1389=2‚365 MM EBIT (2077+795)+(1677+582)-(1389+549)=
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9/17/2013 Panera Bread Company 1. What is Panera Bread’s strategy? Which of the four generic competitive strategies discussed in Chapter 3 most closely fit the competitive approach that Panera Bread is taking? What specific kind of competitive advantage is Panera Bread trying to achieve? Driving concept: to provide a premium specialty bakery and café experience to urban workers and suburban dwellers. Generic: Broad differentiation strategy. Competitive advantage: striving to build
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Case Study 1 After returning from a seminar on the choice of activity level in the predetermined overhead rate‚ Pat Miranda arranged a meeting with the production manager and his assistant to discuss possible new ways on how to compute the predetermined rate. Using the new way they were able to lower the manufacture overhead (for $25 to $20) and add an entry called “cost of unused capacity” to the budget income statement. The use of the new method raised some questions about how appropriate it
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Executive Summary Cosmo Panetta‚ a 74 year old immigrant from Greece‚ living in Niagara Falls‚ Ontario‚ Canada with his wife and two sons. After working odd jobs for ten years‚ Mr. Panetta used personal savings and a loan from a family member to purchase a variety store. He always dreamed of starting a family business. Panetta eventually sold the variety store and purchased‚ renovated‚ and renamed a drive-thru restaurant. A second location was added shortly thereafter. Both sons skipped college
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Can institutional investors restrain earnings management activities in weak investor protection countries? The role of foreign and domestic institutional investors UGUR LEL* This draft: February 2013 Abstract This paper investigates the role that institutional investors play in restraining earnings management activities of firms under varying investor protection environments. Distinguishing between foreign and domestic institutional ownership in a sample of about 190‚000 firm-year observations
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«LOVE‚ LOVING AND FALLING IN LOVE» Talita Eugenia Sigillo [pic] "The course of true love never did run smooth." Many plays could be written on the theme of love‚ but ‘A midsummer nights dream’ by William Shakespeare gives a twist to the traditional notion of love. A mid summer nights dream is a museum portraying the various types of love. Parental love‚ Romantic young love‚ arranged love‚ and also ‘forced
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Where have you Been Smooth Talking? In the short story Where Are You Going‚ Where Have You Been? By Joyce Carol Oates‚ the lifestyle of protagonist Connie is described. Connie was a typical 15-year-old. She was outgoing‚ fun‚ and social. She had the worst relationship with her mother and her relationship with her father was not explained because he was not home much. Connie’s main concern was boys; she would do anything to meet up with them. That is not always a good idea because you never know
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Analyzing Financial Analysts: What They Look for in Financial Reports and How They Determine Earnings’ Quality Carol M Graham‚ Mark V Cannice‚ Todd L Sayre. Journal of Management Research. New Delhi: Aug 2002. Vol. 2‚ Iss. 2; pg. 63‚ 10 pgs Abstract (Summary) The impact that financial analysts have on the share prices of publicly held companies has come under increasing scrutiny. However‚ despite the role they play in the financial markets‚ surprisingly little is known about the way in which analysts
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