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Surprisingly, according to the text, traditional, brick-and-mortar retail stores are still the preferred method of shopping by most consumers. Online shopping and catalogs are second and third. (Hawkins & Mothersbaugh, 2016) The main reasons, again, according to the text consumers prefer traditional to online is the ability to touch the products, they don't want to give personal financial information over the Internet, delivery costs are too high, and returns are a hassle. Amazon with its Prime option has turned the retail world on its ear. Problem 1: How is Amazon Prime addressing these concerns and how it has impacted consumer behavior?
Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.
Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.
Prepare a master budget for the three-month period.
Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.
Evaluate the Predetermined Overhead Rate
Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.
Complete the schedule to compute the pool rates for the different activities.
Prepare Company financial statements
This individual assignment is based on the TerraCycle Inc.
Discuss the ethical issues
Calculate the GDP in Income Approach and Expenditure Approach
A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.
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