weaknesses of the industry. As far as I am concerned‚ although the downward trend of fireworks consumption (see Exhibit 1) made the whole firework industry seem like a sunset industry‚ there are still some opportunities for investing this industry and make profit out of it. PEST Analysis Political Factors In the domestic market‚ local governments have different regulations regarding fireworks consumption. By 1998‚ one-third of the cities in China had completely banned the use of firecrackers and fireworks
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form of substitute product which means the product produce by Hartz can satisfy the same consumer needs as another product. In this case‚ it will be the competition to gain or attract the same market segment for their chicken focus dishes or menu. Profit gain by the outlet eventually not enough to cover the daily operating expenses. The bargaining power of buyers increases as they seek value for their money. A buffet style dining deemed to be the ultimate value for money thus being more sellable in
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estimated percentage completion on the ending inventory to be increased over 25% so that the cost of the goods sold will appear to be lower that reality and will be mistaken as a cost of completion. This will consequently bump up the profit estimates to the target profits‚ as Thad wants. --------------------------------------------------------------------------------------------------------------------- 3. What percentage completion figure would result in increasing the reported net operating income
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goods sold is that purchases are made in excess. It means that if the purchases are made at $54500 than the level of cost of goods sold may be achieved. Answer 3: Sales Cost of goods Sold Opening Inventory Purchases Less Closing Stock Gross Profit Operating Expenses Net Income $36500 $54500 $36000 $110000 $55000 $55000 $29000 $26000 Answer 4: The Owner can prevent irregularities by the following ways:- Keep checking the Ratios at small interval of time. Taking
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Carefree Yoga Amanda Fakhreddine MGMT255 Small Business Management December 10‚ 2011 Executive Summary Product/ Service & Target Market Carefree Yoga is a Yoga studio located in the Namao area in Edmonton‚ Alberta‚ Canada. Carefree yoga provides Primarily Yoga classes and additional classes for dance and Pilates. Are services target families in the area but specifically females from early teens and up‚ as well as mothers with busy schedules? A daycare services is also offered for
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CHAPTER 24 PROBLEMS AND CASE PROBLEM 24-1 Annual Budget $18‚000 Gasoline Oil‚ minor 5‚626 repairs .. Outside repairs 4‚500 Insurance 28‚000 Salaries & 90‚000 benefits Depreciation 66‚000 202‚125 Total miles 375‚000 Cost per mile $0.539 No. of Cars 15 One-Month Budget 1‚500 April Varianc Actual e 1‚720 220 469 550 81 375 1‚500 495 1‚600 120 100 7‚500 7‚500 5‚500 16‚844 31‚250 $0.539 15 5‚867 17‚732 35‚000 $0.507 16 367 888 Required: Employing flexible budgeting techniques‚
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Central Issues When looking at the Donner Company in 1987‚ there are some initial concerns. The company as a whole does not have a true sense of how long it takes them to do what they do‚ and their process flow table is made up of "guesstimates"‚ as throughput time at individual processes have not been formally taken. The company appears to be operating below capacity based on their need to rework their products often‚ find things for people to do‚ and meet deadlines that are based on fuzzy estimates
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Ethics; Predetermined Overhead Rate and Capacity Pat Miranda‚ the new controller of Vault Hard Drives‚ Inc.‚ has just returned from a seminar on the choice of the activity level in the predetermined overhead rate. Even though the subject did not sound exciting at first‚ she found that there were some important ideas presented that should get a hearing at her company. After returning from the seminar‚ she arranged a meeting with the production manager‚ J. Stevens‚ and the assistant production manager
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Case 3-33 (45 minutes) 1. Explain how shaving 5% off the estimated direct labor-hours in the base for the predetermined overhead rate usually results in a big boost in net operating income at the end of the fiscal year. Shaving 5% off the estimated direct labor-hours in the predetermined overhead rate will result in an artificially high overhead rate. The artificially high predetermined overhead rate is likely to result in overapplied overhead for the year. The cumulative effect of overapplying
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poor‚ the second-quarter earnings were slightly better‚ the third-quarter earnings were again slightly better‚ and the fourth quarter always ended with a spectacular performance in which the Home Security Division managed to meet or exceed its target profit for the year. She also was concerned to find letters from the company ’s external auditors to top management warning about an unusual use of standard costs at the Home Security Division. When Ms. Cummins ran across these letters‚ she asked the assistant
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