Original Work please INTEGRATED CASE APPLICATION –PINNACLE MANUFACTURING: PART II 9-37 (Objectives 9-7‚ 9-8) In Part I of the case‚ you performed preliminary analytical procedures for Pinnacle (pp. 245–247). The purpose of Part II is to identify factors influencing risks and the relationship of risks to audit evidence. During the planning phase of the audit‚ you met with Pinnacle’s management team and performed other planning activities. You encounter the following situations that you believe
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ACE FERTILIZER COMPANY: ETHICAL COST ALLOCATIONS AND PRICE DETERMINATION Presented By: Brittany Chumbley D.J. Gastador Don Muller Tyler Patton Industry Report • Nitrogen(N)‚ phosphorous(P) and potassium(K) are the three primary components of fertilizer. • Top three fertilizer-utilizing U.S. crops: corn‚ wheat‚ soybeans. • Top five fertilizer-consuming states: Illinois‚ Iowa‚ Ohio‚ Texas‚ Indiana. • The fertilizer manufacturing industry is responsible for approximately 33‚000 jobs in the United
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COMPARISON OF INDIRECT COST MULTIPLIERS FOR VEHICLE MANUFACTURING Technical Memorandum in support of Electric and Hybrid Electric Vehicle Cost Estimation Studies by Anant Vyas‚ Dan Santini‚ and Roy Cuenca Center for Transportation Research Energy Systems Division Argonne National Laboratory 9700 South Cass Avenue Argonne‚ Illinois 60439 April 2000 Work Sponsored by United States Department of Energy Assistant Secretary for Energy Efficiency and Renewable Energy Office of Transportation
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Determine price for each of the product of your choice based on the pricing strategies you have learnt. There are two type of new product pricing strategies which is skim pricing and penetrate pricing. Skim pricing A product pricing strategy by which a firm charges the highest initial price that customers will pay. As the demand of the first customers is satisfied‚ the firm lowers the price to attract another‚ more price-sensitive segment. * Used when * Demand for the product is
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John Knotwell ACCT 6350 10/10/2014 Case Hilton Manufacturing 1) If the company had dropped product 103 as of January 1‚ 2004‚ what effect would that action have had on the $158‚000 profit for the first six months of 2004? The impact on the profit would have been to decrease the profit by about $2.5M. This would mean that this would now trend to an unprofitable move. It was wise NOT to divest the product in the first half. 2) In January 2005‚ should the company reduce the price of product 101 from $9
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JUST-IN-TIME‚ AND SIMPLIFIED COSTING METHODS 20-1 Cost of goods sold (in retail organizations) or direct materials costs (in organizations with a manufacturing function) as a percentage of sales frequently exceeds net income as a percentage of sales by many orders of magnitude. In the Kroger grocery store example cited in the text‚ cost of goods sold to sales is 76.8%‚ and net income to sales is 0.1%. Thus‚ a 10% reduction in the ratio of cost of goods sold to sales (76.8 to 69.1% equal to 7.7%)
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The Air Aces organization is aware of the lack of insensitivity and/or misunderstanding having negative effects in decision making and hiring more minorities. Increased globalization has created many challenges‚ including the need to design effective multinational organizations‚ to identify and select appropriate leader for these entities‚ and to manage organizations with culturally diverse employees (Northouse‚ 2016). The organization becoming more cultural competence and aware of these issues will
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Case solution: Ethical Dilemma What course themes do you see present in the case? Experimental exercise Who Can Catch a Liar is about emotional intelligence and its effect on the productivity of the workers at workplace. Human have inherited the ability to respond various stimulus differently. Being differs from each other in terms of their personality‚ behavior‚ needs‚ wants‚ demands and expressing their emotions at different situation. Emotional intelligence is the ability of the person to know
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Ace Marks is an innovative shoe company that is a step ahead of the rest. Large shoe brands like Gucci‚ Salvatore Ferragamo‚ Oscar de la Renta and Prada are keeping an eye on Ace Marks groundbreaking business model and amazing handcrafted shoes. Ace Marks’ Top Quality‚ Beautifully-Crafted Italian Dress Shoes Are Works of Art Ace Marks offers statement shoes that are equal to‚ or above and beyond the more popular name brand shoe companies. Each shoe Ace Marks’ craftsmen create is literally a piece
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Activity 6- Pricing 1. Give an example of each major type of pricing objective: profit-oriented pricing‚ sales-oriented pricing and status quo pricing. Lamb/Hair/McDaniel (2012) mention that establishing realistic and measurable pricing objectives is a serious part of any firm’s marketing policy. Pricing objectives are usually categorized into three categories: profit oriented‚ sales oriented and status quo. In consistent with Lamb/Hair/McDaniel (2012) profit oriented pricing is based on profit
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