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Hale Hardware takes pride as the “shop around the corner” that can compete with the big-box home improvement stores by providing good service from knowledgeable sales associates (many of whom are retired local handymen). Hale has developed the following two revenue arrangements to enhance its relationships with customers and increase its bottom line. 1. Hale sells a specialty portable winch that is popular with many of the local customers for use at their lake homes (putting docks in and out, launching boats, etc.). The Hale winch is a standard manufacture winch that Hale modifies so the winch can be used for a variety of tasks. Hale sold 70 of these winches during 2014 at a total price of $21,000, with a warranty guarantee that the product was free of any defects. The cost of winches sold is $16,000. The assurance warranties extend for a 3-year period with an estimated cost of $2,100. In addition, Hale sold extended warranties related to 20 Hale winches for 2 years beyond the 3-year period for $400 each. 2. To bolster its already strong customer base, Hale implemented a customer loyalty program that rewards a customer with 1 loyalty point for every $10 of purchases on a select group of Hale products. Each point is redeemable for a $1 discount on any purchases of Hale merchandise in the following 2 years. During 2014, customers purchased select group products for $100,000 (all products are sold to provide a 45% gross profit) and earned 10,000 points redeemable for future purchases. The standalone selling price of the purchased products is $100,000. Based on prior experience with incentives programs like this, Hale expects 9,500 points to be redeemed related to these sales (Hale appropriately uses this experience to estimate the value of future consideration related to bonus points). Collapse question part (b) Prepare the journal entries for Hale related to the sales of Hale winches with warranties. c.) Prepare the journal entries for the bonus point sales for Hale in 2014. d.) How much additional sales revenue is reccognized by Hale in 2015, assuming 4,500 bonus points are redeemed?
What are the major sources of variability in production schedules? Why level production? What advantages are offered over nonlevel production? Discuss the requirements for level production schedules.
Great insights and examples where intuition plays a role in the decision-making process! One's intuition can influence a decision when data is not readily available, especially with situations of uncertainty. Class, what about sharing one's intuition..
Ethicon, Inc., a pharmaceutical company, entered into an agreement with UPS Supply Chain Solutions, Inc., to transport pharmaceuticals. Under a contract with UPS’s subsidiary, Worldwide Dedicated Services, Inc., International Management Services Co. ..
Twelve containers are authorized for the part. Recall which p-bar is the average processing time per container not per individual part. Find out the value of the policy variable, α, which expresses the amount of implied safety stock in the system.
Where can I get a template or example of a mental health clinic unit climate and culture assessment? With such things as spoken and unspoken rules, expectations and relationships among staff that influence the unit and orginization. level of support ..
Garden Variety Flower Shop uses 870 clay pots a month. The pots are purchased at $3.60 each. Annual carrying costs per pot are estimated to be 40 percent of cost, and ordering costs are $25 per order. The manager has been using an order size of 1,250..
Select an international organization and determine at which level they currently are on the global project management maturity model. What recommendations would you provide them to move up one level in the next year? What about two levels in the next..
The Business Policy and Strategy. This course requires at at least 9 cases, I have to do one case each week. However, I want you to write a case about "SOLAR FEEDER" - I want you to ANALYSIS the case.
Think of a major purchase you have made recently. Which of the 10 message strategy objectives do you think were the most effective in influencing your purchase decision? Explain.
mathematical programming and optimisationindividual assignmentapproach this as if it were a piece of commercial work
A system is a collection of parts that interact with each other to form another thing where the parts now work together. How is a system different from a system change? Now put the definitions of system and systems thinking into your own words and gi..
Under what circumstances can public sector employers require their employees to take drug test? How do the circumstances under which private sector employers may require employees to take drug tests differ from those of public sector employers?
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