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Question: Chintu wants to ensure that her new business has a strong focus on corporate social responsibility. As such, to honour the land that Chintu Chaiwala will exist on, Chintu wants to collaborate with a local Indigenous chef to create special bannock snack to be included on the menu. Fifty percent of the proceeds of the bannock sales will be donated a Canadian Indigenous charity. Chintu wants this product to be very successful and an enticing reason for customers to visit the café. Chintu wants to do marketing for this unique product offering, as well as the café in general. Outsourcing marketing to a third party would cost about $10,000 a year. Outsourced marketing would result in weekly sales increasing by 5%. If Chintu were to handle marketing herself, the cost would be $5,000 and sales would increase by 2% per week. Provide Chintu with advice on what strategies she could employ for in-house marketing and recommend whether it is better to simply outsource this task.
How to solve on which option to recommend for chintu? in house marketing or outsourcing marketing? Also consider that she wants to donate 50% of the proceeds. how can I solve this?
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
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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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