Identify any relevant costs, relevant revenues, sunk costs, and opportunity costs that Ella Graham has to consider in making the decision whether to represent Pampered Pooches or Delightful Dogs.
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H#6
Ella Maksimov is CEO of her own marketing firm. The firm recently moved from a strip mall in the suburbs to an office space in a downtown building, in order to make the firm’s employees more accessible to clients. Two new clients are interested in using Ella’s advertising services but both clients are in the same line of business, meaning that Ella’s company can represent only one of the clients. Pampered Pooches wants to hire Ella’s firm for a one-year contract for web, newspaper, radio, and direct mail advertising. Pampered will pay $126,000 for these services. Ella estimates the cost of the services requested by Pampered Pooches to be $83,000. Delightful Dogs is interested in hiring Ella to produce mass mailings and web ads. Delightful will pay Ella $94,000 for these services and Ella estimates the cost of these services to be $47,000. Identify any relevant costs, relevant revenues, sunk costs, and opportunity costs that Ella Graham has to consider in making the decision whether to represent Pampered Pooches or Delightful Dogs.
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- EB1. LO 10.1 Ella Maksimovis CEO of her own marketing firm. The firm recently moved from a strip mall in the suburbs to an office space in a downtown building, in order to make the firm’s employees more accessible to clients. Two new clients are interested in using Ella’s advertising services but both clients are in the same line of business, meaning that Ella’s company can represent only one of the clients. Pampered Pooches wants to hire Ella’s firm for a one-year contract for web, newspaper, radio, and direct mail advertising. Pampered will pay $126,000 for these services. Ella estimates the cost of the services requested by Pampered Pooches to be $83,000. Delightful Dogs is interested in hiring Ella to produce mass mailings and web ads. Delightful will pay Ella $94,000 for these services and Ella estimates the cost of these services to be $47,000. Identify any relevant costs, relevant revenues, sunk costs, and opportunity costs that Ella Graham has to consider in making the decision…DISCUSSION OF TEXT HRM INCIDENTS HRM Incident 1: The Wrong Approach Eric Ardoin is a human resource manager at Epler Manufacturing Company in Greenfield, Wisconsin. He was considering the need to recruit qualified blacks for Epler when Shontae Blount walked into his office. "Got a minute?" asked Shontae. "I need to talk to you about the recruiting trip to Michigan State next week." "Sure," Eric replied, "but, first I need your advice about something. How can we get more blacks to apply for work here? We're running ads on WBEZ radio along with the classified ads in the Tribune. I think you and John have made recruiting trips to every community college within 200 miles. We've encouraged employee referral, too, and I still think that's our most reliable source of new workers. But we just aren't getting any black applicants." From the president on down, the management at Epler claimed commitment to equal employment opportunity. According to Eric, the commitment went much deeper than…Ella Maksimov is CEO of her own marketing firm. The firm recently moved from a strip mall in the suburbs to an office space in a downtown building, in order to make the firms employees more accessible to clients. Two new clients are interested in using Ellas advertising services but both clients are in the same line of business, meaning that Ellas company can represent only one of the clients. Pampered Pooches wants to hire Ellas firm for a one-year contract for web, newspaper, radio, and direct mail advertising. Pampered will pay $126,000 for these services. Ella estimates the cost of the services requested by Pampered Pooches to be $83,000. Delightful Dogs is interested in hiring Ella to produce mass mailings and web ads. Delightful will pay Ella $94,000 for these services and Ella estimates the cost of these services to be $47,000. Identify any relevant costs, relevant revenues, sunk costs, and opportunity costs that Ella Graham has to consider in making the decision whether to represent Pampered Pooches or Delightful Dogs.
- Scenario 2Thomason Skin Care is a small innovative manufacturer which is major in skin lotion for babiesand kids. Their product lines include skin lotion made from organic plants and neutralsunscreen. Unfortunately it has been sued for negligence three months ago. The managementboard, sales executives, product managers and innovation department together held severalmeetings. After many technical and marketing analysis, they know their company will likelylose the case. The amount Thomason Skin Care and its legal advisory estimate the companyloss is around $600,000. Channel 100 reported the news regarding Thomason's recent law suit.A business man Mark used to buy the sunscreen Tiny Zinc for his kids and quite impressive atthe product. He donate $100,000 for the continue research and improvement on the faultylotion related to the law suit.RequiredExplain how Thomason Skin Care should account for the law suit amount and donation,justifying your answer by reference to the definitions and…1) Genius Homey Bhd is a public company that operates in a highly competitive market for household products. The company is dominated by Bob, the chairman and chief executive officer, who has guided the company since it was a private company and has extensive influence on all aspects of company operations. Bob is known to have short temper and, in the past, has threatened individuals in the accounting department with no pay rise if they fail to help him to achieve company goals. Furthermore, the company has extended its influence over customers and has dictated terms of sale to ensure that customers are able to obtain desired quantities of their most popular products. Bonuses based on sales are a significant component of the compensation package for individual product sales managers. Sales managers who do not meet sales targets three quarters in a row are often replaced. The company has performed well up until a recent recession, but now the company is havingdifficulty clearing the…8) What is the best way for a small consulting company to increase its sales? Select an answer: Stop paying taxes. Charge customers more money for the same service. Raise the commission rate for all of the sales force. Move its offices to a new location.
- 3. Wishaw plc is a large advertising agency. It has been approached by Crime plc, which wants to undertake all copywriting and design activities for Wishaw plc. This would involve making a large number of Wishaw’s plc staff redundant, but it would greatly. On which of Wishaw pie's functions would acceptance of Crimble pic's offer have the greatest effect? The operations function B The marketing function The finance function The IT function 4. The tasks of the Finance function are increasingly affected by technological developments. Which of the following finance function tasks is most affected by technological developments in process automation? A Management accounting B Transaction recording Treasury management D Financial reportingDiversity Dilemmas Imagine that you are working in the HR department of your company. You come across the following scenarios in which your input has been sought. 1. Aimee is the mother of a newborn. She is very dedicated to her work but she used to stay for longer hours at work before she had her baby. Now she tries to schedule her work so that she leaves around 5:00 p.m. Her immediate manager feels that Aimee is no longer dedicated or committed to her work and is considering passing her over for a promotion. 2. Jack is a married male, while John is single. Your company has an assignment in a branch in Mexico that would last a couple of years. Management feels that John would be better for this assignment because he is single and is free to move. 3. Brett, a sales employee has painful migraines intermittently during the work day. He would like to take short naps during the day as a preventative measure and he also needs a place where he can nap when a migraine occurs. His…3. Harriette is a salesperson who works for a prestigious and admired Fortune 500 company. About how often is Harriette likely to encounter ethical issues in her work? a) once or twice during her career b) approximately once a month c) almost every week d) on a daily basis 2. Doing business is almost impossible in extremely poor countries because a) there are too many natural disasters in the Philippines b) there are a few businesses in the Philippines c) the demands for bribes are endless d) the leaders of the country do not like business
- Question 3 Please provide a very detail answer for the below question:- Asma is a junior management accountant at Flower Cloth Ltd. Asma is given the task of compiling a cost-benefit analysis report on whether the company should purchase an expensive new machine from Radi Ltd, where her brother is the new sales manager. Asma did not tell anyone in Flower Cloth about her brother’s new job. In preparing her report, Asma overstates the qualitative benefits and understates the costs associated with this new machine to help her brother make his first sales as the new sales manager. Required: Discuss why and how Asma has deviated from the standards of ethical conduct.Chapter 1Managerial Accounting: An OverviewEthics and the ManagerRichmond, Inc., operates a chain of 44 department stores. Two years ago, the board of directors of Richmond approved a large-scale remodelling of its stores to attract a more upscale clientele.Before finalizing these plans, two stores were remodelled as a test. Linda Perlman, assistant controller, was asked to oversee the financial reporting for these test stores, and she and other management personnel were offered bonuses based on the sales growth and profitability of these stores. While completing the financial reports, Perlman discovered a sizable inventory of outdated goods that should have been discounted for sale or returned to the manufacturer. She discussed the situation with her management colleagues; the consensus was to ignore reporting this inventory as obsolete because reporting it would diminish the financial results and their bonuses.Required:1. According to the IMA’s Statement of Ethical Professional…Q: If you were at Alice's place, what would you opt and why? Alicia WongAlicia Wong, Corporate Supply Manager, Thain Foods Limited, wanted to prepare a proposal to manufacture mustardin-house. Mustard, an important ingredient in many of thecompany’s products, was currently purchased from an outside supplier. She hoped a comprehensive proposal could beprepared in one-month’s time for the CEO’s approval. GENERAL COMPANY BACKGROUNDThain Foods Limited (TFL) had been in business for morethan 30 years. Its products included a wide range of syrups,fudges, cone dips, sauces, mayonnaise, and salad dressings. Its customers were major food chains, hotels, andrestaurants in North America and Europe.TFL believed in continuous improvement to itsoperations. Over the last two years, it invested more than$2 million in plant facilities, the bulk of it new, state-ofthe-art process equipment and process control. All production and process control functions were computerized formaximum efficiency.TFL…