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Question 1
Select a destination for a vacation. Find a fare for a round-trip flight to your chosen destination, departing on Friday and returning the following Friday. Next find the fare for the same flight but departing two weeks later.
• List you departure-airport and destination-airport.• What are the two fares? • What is the difference between the two fares? • Why do you think there is a difference in the fares? • What are the fixed and variable costs for the airline in relation to the customer? In relation to the flight? • What considerations must the airline make in adding or getting rid of a destination?
Question 2
As the U.S considers the adoption of IFRS, changes exist between presentation and disclosure in current U.S GAAP and IFRS. Based on your research, what are some of the similarities and differences between U.S. GAAP and IFRS? Would the adoption of IFRS increase transparency of U.S. based financial statements? Please support your response.
Question 3
The success of a business can depend on a company's competitive and marketing strategies. One of the most successful competitive businesses out there today is Nike. While being so successful and dominating in the world of athletic apparel, even Nike has to have effective competitive strategies.
What competitive advantages or disadvantages do you think Nike has over many of their competitors? What do you think Nike has to do in the future to maintain their strong competitive position and to stay on top?
Provide an explanation of a scenario of how the type of cost you have selected (sunk, opportunity, or accounting) has impacted an organizational decision.
When the delivery price of the long forward contract is $60, and the actual price at the time of delivery is $30, there is a profit or loss of
Explain why adding an environmental perspective to the Balanced Scorecard is considered to be legitimate. Express the environmental improvement strategy as a series of cause-and-effect relationships in the form of if-then statements.
Is an asset's initial or cost basis simply its purchase price? Explain. Compare the basis of property acquired via purchase, conversion from personal use to business or rental use, a nontaxable exchange, gift, and inheritance.
Assume Evco, Inc., has a current stock price of $50 and will pay a $2 dividend in one year; its equity cost of capital is 15%. What price must you expect Evco stock to sell for immediately after the firm pays the dividend in one year to justify it..
Calculate the Direct material price variance and direct material quantity variance
Hi-Tek Manufacturing Inc. makes two types of industrial component parts-the B300 and the T500. Compute the product margins for the B300 and T500 under the company's traditional costing system
Compute the amount of cash flow from operations and comment on the major reasons why cash flow from operations exceeds net income.
The discussion in your statement should incorporate the concepts that are presented in the textbook and what was presented in class.
Emerald Corporation must change its method of accounting for Federal income tax purposes. The change will require that an adjustment to income be made over three tax periods.
Determine whether Computer Villages should discontinue the furniture line and the financial benefit (cost) of dropping it.
Prepare a single-step Income Statement and simple Balance Sheet for Smith Delights Bakery for the year ended December 31, 2011.
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