1. Brief summary of the case Ben Bates‚ 28 years old‚ graduated from college six years ago with a finance undergraduate degree. He is now working at the financial management company of Dewey and Louis. He expects to work for 38 years later. His goal is to become an investment banker. And he feels that an MBA degree would allow him to achieve this goal. After examining schools‚ he has narrowed his choice to either Wilton University or Mount Perry College. - The Ritter College of Business is under
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BEN BATES MBA | Working | Wilton | Mount Perry | Annual Salary | 55‚000 | 98‚000 | 81‚000 | Expected increase | 3% | 4% | 3.50% | Work (years) | 38 | 36 | 37 | Tax rates | 26% | 31% | 29% | Annual tuition | | $63‚000 | $80‚000 | Books and other supplies (annual) | | $2‚500 | 3‚500 | Programs (year) | | 2 | 1 | Signing bonus | | 15‚000 | 10‚000 | Health insurance (annual) | | $3‚000 | 3‚000 | Room and board (annual) | | $20‚000 | $20‚000 | 1. How does Ben’s age
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does Ben’s age affect his decision to get an MBA? Age is definitely a huge factor in his decision to get an MBA. The younger the individual‚ the more opportunity for salary increases which in turn‚ the quick he can recover his costs of returning for an MBA. These costs include the opportunity cost of lost income in pursuing his MBA as well as the cost of the tuition itself. 2. What other‚ perhaps nonquantifiable‚ factors affect Ben’s decision to get an MBA? The location of the Business School could
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affect his decision to get an MBA? Ben’s age should be a positive factor in earning his MBA. He is still very young‚ and has 40 years in his career to go. 2. What other‚ perhaps non-quantifiable factors‚ affect Ben’s decision to get an MBA? If Ben works hard on his MBA‚ he will get great grades and possibly a high GPA which can have better opportunities and promotions. 3. Assuming all salaries are paid at the end of each year‚ what is the best option for Ben‚ from a strictly financial standpoint
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Issues 1. a. What would you tell Bates concerning her accounting needs‚ emphasizing the uses of the accounting information for all stakeholders within and without the business? 2. a. The boatyard operates how many businesses? b. What are the accounting information needs for managing these businesses? Facts Sarah Bates a returning Navy civilian decides to buy a business with the money she has saved along all this time. Bates buys a small boatyard in a town on the coast
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MANAGEMENT ACCOUNTING BATES COURTYARD Brief Summary After several years in Navy and upon returning to civilian life‚ Sarah Bates sought for a small business. He then finally located a small boatyard for sale in a town on the coast of Maine. Since business was somewhat larger than she could finance alone‚ she had borrowed the additional funds required and mortgage the property as security. Bates realized the need for adequate accounting records to manage the business successfully. She
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Norman Bates: Two Lives Within A Soul Sigmund Freud ’s Psychoanalytic Theory of Personality Development states that there is a structural model of the psyche‚ which splits the human identity into three instances of Ego‚ Superego‚ and ID. In Psychoanalytic Stage of Development‚ there are five stages: Oral‚ Anal‚ Phallic‚ Latency‚ and Genital. Even though Sigmund Freud never was writing about the movie _Psycho_‚ theories of Freud‚ have a great connection with the personality of Norman Bates. According
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Case Study Three: Thanks for 24 Years of Service. Now Here’s the Door! Russ McDonald graduated from the university of Michigan with his MBA in 1969. He had numerous job offers but chose General Motors for several reasons. The automobile industry offered terrific career opportunities‚ and GM was the world’s number one car manufacturer. Salaries at GM were among the highest in corporate America‚ and a job at GM provided unparalleled security. A white-collar job with GM was the closest anybody
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Decision-Making Process for School The decision-making process has six different parts to it. The steps are identifying the problem‚ generate alternatives‚ evaluate alternatives‚ make a choice‚ implement your decision‚ and then evaluate your decision (Bateman & Snell‚ 2011). This process is used by everyone‚ even though at times some of the steps are skipped and we do not realize that we are using a process to come to a conclusion or decision. I had a hard decision to make back in 2010 because
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Hanover-Bates Chemical Corporation Analysis Sales Management June 10th‚ 2012 Hanover-Bates Chemical Corporation Sale Management Analysis The Hanover-Bates Chemical Corporation is a company who produces processing chemicals for the chemical plating industry. James Sprague was promoted to the northeast district sales manager for the company. Sprague sales experience was approximately 4 years which 2 were spent assisting the national sales manager. The team he will manage has a significant
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