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The Lakeside Symphony Association is a not-for-profit organization. The primary function of the association is to operate the Lakeside Symphony Orchestra for the benefit of local citizens. The board of directors of the organization is discussing ticket prices for the upcoming season. Ticket receipts do not cover all costs of a concert; donations must be solicited for the remainder, but finding enough donors is difficult, and funds are always scarce. Each concert has fixed orchestra costs of approximately 28,000, primarily for paying the musicians. The only variable costs are programs, tickets, and refreshments served at a reception following the concert; these total about 2 per attendee. Orchestra managers estimate that they can sell 1,300 tickets for the average concert at 12, 1,100 tickets at 15, or 800 tickets at 20. Which option do you recommend? Why? Are the financial measurements used in this chapter appropriate for a not-for-profit situation like this? Why or why not? What nonfinancial considerations should enter into the decision?

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Modern Industries manufactures a variety of computer parts and accessories in a rapidly changing technological environment. At year-end 2004, it reported the following comparative information regarding inventories.

The 2004 income statement reflected cost of sales of 3,165 million. In the operating activities section of the statement of cash flows, the 8 million decrease in inventories was added to net income. Notes to the financial statements included the following:

• Inventories are reported at the lower of cost (first-in, first-out) or market. If the cost of the inventories exceeds their market (replacement) value, a writedown to market value is taken currently.

• The company participates in a highly competitive industry that is characterized by rapid changes in technology, frequent introductions of new products, short product life cycles, and downward pressures on prices and margins.

Required Answer the following questions related to Modern Industries’ inventories.

A. Describe the nature of each of the three inventories listed on the balance sheet. When does each become an expense?

B. Why is the inventory decrease added to net income on the statement of cash flows?

C. Many U.S. corporations use the LIFO inventory method to save income taxes. Why might a computer industry manufacturer like this firm decide to use FIFO instead? Explain.

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A small copy center uses 5 480-sheet boxes of copy paper a week. Experience suggests that usage can be well approximated by a normal distribution with a mean of 5 boxes per week and a standard deviation of .60 boxes per week. 2 weeks are required to fill an order for letterhead stationery. Ordering cost is $6, and annual holding cost is 36 cents per box.
Use Table.
a.Determine the economic order quantity, assuming a 52-week year.(Round your answer to the nearest whole number.)
EOQ boxes
b.If the copy center reorders when the supply on hand is 11 boxes, compute the risk of a stockout.(Round “z” value to 2 decimal places and final answer to 4 decimal places.)
Risk
c.If a fixed interval of 8 weeks is used for ordering instead of an ROP, how many boxes should be ordered if there are currently 23 boxes on hand, and an acceptable stockout risk for the order cycle is .0228?(Round “z” value to 2 decimal places and final answer to the nearest whole number.)

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Make this comprehensive and quality for an upvote! If not quality work this is reported and downvote! Do this properly and long enough to be a satisfactory work. Own work need!

Brief Situation:

A company is a well-known company that sells ready mixed concrete and aggregates and also provide equipment rentals, they produce quality outputs and treat their clients and customers well. However, they do not have a good social media presence on social media sites like Facebook because they only rely on other people’s referral. or word of mouth They do not have frequent engagement updates, videos/photos, reviews/testimonies, promotional ads, etc. on social media accounts, specially facebook.

To Do:

POSITIONING part of a marketing plan.

700 OR MORE WORDS NEED! BE AN EXPERT ANSWER AND NOT JUST COPY PASTED I WILL TRACK!

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