Fin322

I accept late assignments; however, each late assignment will be penalized with a 10% grade deduction for each day late, unless you have made prior arrangements with me. Assignments are due by 11:59 p.m., the day after class meets. For this class, that would be11:59 p.m. on Fridays. If I do not receive it by that time, the assignment is considered late. Additionally, late assignments are not accepted for your final assignment. I am required to turn in grades within seven days of the last night of class. Any time you feel that you might be falling behind in the course, it is best to contact me to discuss your situation.

Late submissions will be penalized at the rate of -10 for 1 day, -50 for 2 days, -90 for 3 days!

For the youth bike we decided to keep the advertising expenditure at 2 million in order to raise the awareness of this new product line. This also helps establish a good market share in case competitors also decide to launch the youth bike. Since we have a low capacity for the bike, we also decided to increase the price from $370 to $400, resulting in an increase in gross margin. With this increase, we are still producing at a high yet relatively low volume.

The equipment can be depreciated by one of two methods: Section 179 allows for a full write off in the year of acquisition (subject to certain limits). MACRS depreciation allows a systematic write off of equipment based on the type of asset. More business assets are either 5 year or 7 year property (CompleteTax, 2012).

-A reminder---The Summer Assignment is due by 10:00pm on Wednesday, August 26. Late assignments will accepted up to 4pm on August 28 with a serious grade reduction (20% per day). After that, late assignments will absolutely not be accepted and will result in your transfer to the on-level section.

Whenever there is a question about what assignments are due, please remember this syllabus is considered the ruling document.

| Participate in class discussion. Respond with two posts in one day, to classmates DQ post, on 4 of 7 days minimum.

The UK automobile industry has been best known for the high end and sports cars such as Aston Martin, Jaguar, Bentley, Land Rover, McLaren, Lotus, Daimler, Mini and Rolls-Royce. There are also volume car manufacturers who have a major presence in the UK such as Nissan, Ford, Toyota, and Honda. The UK automobile manufacturing industry had a total turnover of 52.5billion euros in 2008 which is divided as 26.6 billion from exports. Close to 1.5 million passenger cars were produced with another 200,000 being commercial vehicles. The UK automobile industry employs about 180,000 people directly with another 600,000 being employed in automobile supplies, retail sales and service centers. The UK automobile industry also consists of the 3.2 million engines that are produced which also contribute significantly to the supply for the automobile manufacturers. The auto racing and motorsport industry also employs about 39,000 people with a turnover of about 6 billion euros. As a result of the huge turnover of the UK automobile industry which translates to huge tax returns for the government and the thousands upon thousands of jobs that the industry creates both directly and indirectly, the UK automobile industry is considered to be highly beneficial to the UK economy(Great Britain: Parliament: House of Commons: Business and Enterprise Committee and Luff, 2009).

Dealers want to make money on selling Techsonic's products. The projected margin for dealers needs to be 15% to ensure profits.

Since the demand for the brand has traditionally outstripped supply, the company can easily and without loss charge a premium from its customers. As mentioned the company sells its products at a 100% markup and which in turn translate into increased revenues.

penetration pricing strategy. All indications are that sales will continue to grow. In response to a

As mentioned above, because of The Optima’s high end service and product quality, while implementing premium pricing, company aims to reduce the prices slightly without effecting negatively its “high-end image” and company exerts different promotional offers to support the higher price policy and make the

* In five years the industry is expected to grow approximately 14.8% ($36,042/$31,374), at a rate of approximately 2.96% per year (14.8%/5).

This was one of the main divergent by Tata Motor from 207 to multi-utility vehicle, which set a record of 90000 booking for the car and till now it has a market share of twenty %.

As discussed above the company is highly dependent upon the demand and supply conditions of the market. There is always a considerable pressure on prices due to excess volumes in the market as well as at the firm level once the supply is over in the market. Due