Dakota Office Products Essay Example

Dakota Office Products Essay Dakota Office Products Q1) Why was Dakota’s existing pricing system inadequate for its current operating environment? The existing policies being followed by Dakota regarding Accounts receivables are a major issue, which is affecting its payment of working capital line of credit (@10%). Customer A pays its bill within 30 days, whereas B takes up 90 days or more. Dakota can achieve sufficient liquidity, if it tightens its credit policy. | | | | | 2) Develop an activity based cost system for Dakota office products based on year 2000 data. Calculate the activity cost driver rate for each DOP activity in 2000. Activities amp; Costs| Activities| Drivers| Costs| Ship Cartons| No. of cartons| Freight( commercialamp; Own)| Process Cartons| No. of cartons| Warehouse Costs(Rent, Personnel amp; Distribution)| Desktop Delivery| No. of deliveries| Delivery Truck amp; Warehouse Personnel| Processing Manual Orders|   | Order Entry(Processing systemamp; Operators)| Entering Items(Ordered manually)| No. of lines Entered| Order Entry| EDI Processing| Per EDI Order| Quick check of order entry| Construction of Activity  Based Cost System: In the table that follows Overhead Cost Items- description of the activity performed. Source of Annual Cost- reference is provided for each cost item (either the numerical basis for the  calculation or the reference exhibit in the case study as applicable). Annual Cost contains the total cost in dollars. Estimated Annual Value- is  the volume Cost per Driver Unit-is the  calculated allocation rate. Other Costs Interest was assigned at a rate of  10% of each customer’s average accounts receivable balance. We will write a custom essay sample on Dakota Office Products specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Dakota Office Products specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Dakota Office Products specifically for you FOR ONLY $16.38 $13.9/page Hire Writer General and Selling Expenses were allocated as the fraction of  total sales 3) Using the answer to Question 2, calculate the profitability of customer A and customer B. Profitability Comparison of  Customers The results of the profitability analysis shown in Table 2 are described below. * The gross margins (Sales – Cost of Goods Sold) in the current method For customer A (from exhibit 2): $103000 $85000 = $18000 For customer B (from exhibit 2): $104000-$85000 = $19000 They differ only by $1000 and hence behaviour is similar However, compilations of relative activity-based costs indicate the difference in behaviour. Customer A utilized more commercial freight shipments (Customer A: 200 vs. Customer B: 150) due to which a higher activity cost margin is observed (Customer A: $1200 vs. Customer B: $900). * Customer A did not use any desktop delivery service as opposed to Customer B who requested 25 desktop deliveries at a relative differential cost of $5500. * Number of line items: Customer A’s 60 items, and Customer B’s 180 resulted in an allocation of $240 and $720, respectively. Customer A placed only 6 manual orders, while B placed 100 manual orders. This results in costs of $60 and $1000 for A and B respectively. * Customer A executed 6 EDI  orders at a  cost of $30. Customer B did  not use the EDI facility. * Each customer warehoused 200 cartons, for an assigned cost of $10,400. * Based on all activity-based costs, contribution margin from Customer A is calculated to be $6,070 and that for Customer B is $480. Thus, here, a huge disparity in profitability of the Customers is observed.

The Story of Philemon and Baucis

The Story of Philemon and Baucis According to ancient Roman mythology and Ovids Metamorphoses (8.631, 8.720.), Philemon and Baucis had lived out their long lives nobly, but in poverty. Jupiter, the Roman king of the gods, had heard of the virtuous couple, but based on all his previous experiences with humans, he had serious doubts as to their goodness. Jupiter was about to destroy mankind  but was willing to give it one final chance before starting over again. So, in the company of his son Mercury, the wing-footed messenger god, Jupiter went about, disguised as a worn and weary traveler, from house to house among the neighbors of Philemon and Baucis. As Jupiter feared and expected, the neighbors turned him and Mercury away rudely. Then the two gods went to the last house, the cottage of Philemon and Baucis, where the couple had lived all their long married lives. Philemon and Baucis were pleased to have visitors  and insisted that their guests rest before their little hearth fire. They even lugged in more of their precious firewood to make a greater blaze. Unasked, Philemon and Baucis then served their presumably starving guests, fresh fruits, olives, eggs, and wine. Soon the old couple noticed that no matter how often they poured from it, the wine pitcher was never empty. They began to suspect that their guests might be more than mere mortals. Just in case, Philemon and Baucis decided to provide the closest they could come to a meal that was fit for a god. They would slaughter their only goose in their guests honor. Unfortunately, the legs of the goose were faster than those of Philemon or Baucis. Even though the humans were not as fast, they were smarter, and so they cornered the goose inside the cottage, where they were just about to catch it.... At the last moment, the goose sought the shelter of the divine guests. To save the life of the goose, Jupiter and Mercury revealed themselves and immediately expressed their pleasure in meeting an honorable human pair. The gods took the pair to a mountain from which they could see the punishment their neighbors had suffered a devastating flood. Asked what divine favor they wanted, the couple said that they wished to become temple priests and die together. Their wish was granted and when they died they were turned into intertwining trees. What Is the Moral of the Story? Treat everyone well because you never know when youll find yourself in the presence of a god.

Aggressive Marketing and Consumption Culture Term Paper

Aggressive Marketing and Consumption Culture - Term Paper Example This paper seeks to evaluate through analysis in which critical marketing ideas would improve education in marketing and general practice and in the end link the outcome to the idea of people being what they consume. The case will, therefore, integrate the findings of a primary research based on a combination of the same theme areas and create an analysis in the literature. Improvement of any marketing idea is based on the subject getting the knowledge, transforming the theoretical perspectives and putting it into practice (Mort, 1997, p. 20). Marketing knowledge is wide and a basic idea to the business world. Improvement of this knowledge is based on the idea of improving the knowledge of the components of marketing. It, therefore, means that the improvement of the knowledge and practice can only be done if there is a collection of all components, paradigms, and strategies that will create a positive impression on the recipient of the knowledge for improvement. The most important target, however, is the consumer (Penington, 2000, p. 321). The creation of the ideas belying real production and satisfaction of the consumer is the ultimate goal of marketing. The end consumer behavior will determine the success of the knowledge created or the failure of the same. According to Caterral, Maclaran, and Stevens (1999), the improvement can be done by a focus on the marketing paradigms which start with ways of attracting a customer to the creation of the culture of consumption in the customer. This issue is supported by Christine (2013) who highlighted five critical areas of focus to improve marketing knowledge. The areas are; relationship marketing, network, diversity, evangelism, and culture creation. The latter is always the expected and intended outcome.

Manage Factoring and Invoice Discounting Agreements Assignment

Manage Factoring and Invoice Discounting Agreements - Assignment Example Invoice factoring and discounting are processes through which a company can get quick cash by assigning the debt to another party who could be a person, a commercial bank or other financial institutions.2 Depending on the nature of contract between the company and the financing agent the duty of collecting the debt form the client is either assigned to the agent or remains under the company. The company will have to identify a reliable factor or invoice discounter to get cash against the invoice and then use the money to advance its operations.3 In order for the company to identify appropriate factoring or discounting agent, they should consider the agent whose term is favorable in terms of low fees, issue maximum deposit, low-interest charges and be able to pay the amount within the shortest time possible.4 The decision by the company as to whether to discount or factor the invoice will depend on the value of the invoice and the stability of the company. If the company’s turnover is below $250,000 per annum and the company does not have in-house credit control systems the agents will prefer factoring the invoice.5 However, for companies with an annual turnover of more than $250,000 and adequate6 internal credit control systems discounting is essential because of the high cost involved. When factoring the invoice the agent usually charges high fees and interest rates. Discounting of the invoice does not alter the arrangement between the trader and the debtor because the responsibility of collecting the debt rests with the trader, and the debtor is not aware of the arrangements.7 The company should discount its invoice in order to ensure its relationship with debtors remains unchanged. In fact, the clients may lose trust in the company in case the trader opts to assign the debt to a factoring agent.

Book of Prophet Isaiah Essay Example for Free

Book of Prophet Isaiah Essay Prophet Isaiah, the son of Amos, was descended from a royal tribe. Isaiah was born during the reign of King Uzziah, Jothan, Ahaz, Hezekiah and Jehovah. During his reign the nation as a whole enjoyed times of prosperity and temporal development. The whole nation mourned his passing from the scene at a time when his presence seemed needed the most. Under him the worship of Jehovah was encouraged but he was not strong enough to secure the destruction of the high places where idolatrous practices were continued. His reign must be ranked as one of the outstanding of the southern kingdom. He walked in the ways of his father, and under him the people continued to worship the Lord Jehovah after the manner of the commandment, though still the places of idolatry were allowed to remain. Ahaz, whose whole reign was one chronicle of disaster and destruction. With an absolute abandon, Ahaz gave himself over to the overthrow of the ordained order of worship, broke the commandment in almost every detail, destroyed the temple worship and finally closed the doors of the house of God. In the most calculated manner he conspired to obliterate the memory of the service of the Lord of all Israel, the Redeemer and the Holy One. Then he was followed on the throne by his son Hezekiah, who was very unlike his fathers and set about reviving the worship in the temple, which his father had abolished. He attempted, with some success to obliterate idol worship, and to deliver his people from the yoke of foreign power. It was under him that Isaiah came into his own, and was treated with high favour. In this position he was given every opportunity for the use of his keen and divinely inspired power of discernment into the facts of the contemporary situation. The name, Isaiah, means Jehovah saves, or Jehovah is salvation, and through days of crisis and disaster greater than any before in the history of the people, his call was constantly to faith in the One Who alone could save the land. His role was ever that of inspiring and challenging the drooping spirits of the men of Judah at times when hope seemed dead. His ministry was a long one stretching as it did through the reigns of Uzziah, Jothan, Ahaz and Hezekiah. His fathers name was Amoz, and there is a Jewish tradition that he was a brother of King Amaziah; in which case Isaiah would be the cousin of King Uzziah. Naturally enough, it is impossible to be really sure of this, but it is certainly a reasonable explanation of the fact that Isaiah enjoyed immediate and regular entrance to the royal house. And also that he had the ear of the most influential people of his day. In spite of this, he remained a simple and undaunted spokesman for Jehovah, and tradition again affirms that it was for this reason that he was put to death in the reign of the wicked Manasseh, Hezekiahs successor. He was married and he himself called his wife the prophetess (Isaiah 8:3). He had two children, one named Shear-jashubl, which means a remnant shall return, and the other Maher-shalalhashbaz, which means haste ye to the spoil. These names were given to them as portents of what was to come and also as a reinforcement of the prophets predictive message. Apart from this, there is little else known of his personal history except what is found in the book itself. The exact length of his ministry is not known for sure, but he definitely laboured for at least forty years. From the last year of King Uzziahs reign 740 B.C. to the fourteenth year of ther reign of King Hezekiah in 701 B.C. and it is clear that through all this period of time his call and challenge were unremitting and persistent. His aim was ever definite the establishment of the worship of the Lord in righteousness and truth amongst the chosen race. His Message Isaiahs prophecy, the longest of all the Old Testament prophecies divides first of all quite naturally into two parts, chapters 1-39, and 40-66. Because of this split, critics during the last century have seen fit to decide that two separate authors are responsible for the prophecy and that the second one was written some hundred years after the first one. Unfortunately, there is nothing in the prophecy itself by the way of names and such like to establish the truth or the falsehood of this statement. However the nature of the second part of the book seems to indicate that it was said to a nation at a time when they were in a completely different condition from that of the exile in Babylon, during which time some people maintain that it was written. As well as these two separate parts, the prophecy also divides into nine sections. The Book of Isaiah (Hebrew: × ¡Ã— ¤Ã— ¨ ×™× ©Ã— ¢Ã—™×”) is the first of the Latter Prophets in the Hebrew Bible, preceding Ezekiel, Jeremiah and the Book of the Twelve. (The order of the subsequent books differs somewhat in the Christian Old Testament). The first 39 chapters prophesy doom for a sinful Judah and for all the nations of the world that oppose God, while the last 27 prophesy the restoration of the nation of Israel and a new creation in Gods glorious future kingdom;[1] this section includes the Songs of the Suffering Servant, four separate passages referring to the nation of Israel, interpreted by Christians as prefiguring the coming of Jesus Christ.

Alan Freed:History Of Rock Music Essay -- essays research papers

Alan Freed Alan Freed was born December 16, 1922 in Johnstown, Pennsylvania. He was considered the most the most famous Disc Jockey(DJ) in rock 'n roll history, however, controversy encircled the man and he recieved lots of criticism especially from white adults during his career. I think that Alan Freed greatly helped shape the sound of music today and further advanced the progression of rock music. He is the person who coined the term "Rock & Roll" and also put up with a lot of nonsense regarding the term. At the time "Rock & Roll" was an urban african american term for sex, I think Alan realized that the popular white culture would be turned off by the term R&B, which was mainly associated with black artists, so he decided to give it a different name and expose that style of music to the general public. His radio name and nickname was "Moondog". These were also the names of his non-segregated concerts in which black and white teenagers came to listen to good rock & roll regardless of the singer's color. Moondog Balls were very popular and drew much criticism from white parents. At the first Moondog Ball over 25,000 kids, mostly white, showed up in the March of 1925 in Cleveland. I believe that what Freed did was good as far as opening people up to racially diverse music and not really listening to what the media ...

Economic History and Current India Essay

There have been recent studies of the entire history of the economy of india where it is possible to ananlyse where india stood its place in past and where it is currently held. Paul Birog made a thorough analysis of Asian countries GDP economic development of 1750-1918 where surprisingly the findings in 1700AD drawn economic statistics of world . China had 32. 8% GDP where as as india had 25% . UK at that time had 1. 8% GDP along with 1% GDP in USA. By the time of 1900 there was a total reversal of paradigm shift where US and UK had GDP growth of 41% whereas China and India suffered 1. 7% GDP overall. The western research shows that india was a economic giant . London economist Angus Madisson in 1990, one of the greatest british economist of all time was appointed by the OECD nations to verify Paul Birogs research along with different levels of assistances from different countries. Eventually in 2010 he published a 2000 year economy of India where it showed from 1AD India topped thed world with 34% GDP. Still in 1000AD it had 28% GDP. In the years 1500 and 1600 china overtakes india. Again in 1700 india overtakes china and finally the entire crash of the Indian economy began later in 1750’s where the british colonial overlords landed in the country and started looting the country and exploiting its resources. The OECD website refers in the â€Å"world economic history and millennium perspective† lists out all these information which have been quoted before. It is one of the most trusted and relied upon website to refer to the statistics of the world economies. Although the word society is absent completely in western society where Margaret Thatcher said in 1971, that there is nothing called as society. And today all the western accepts today is the alternate version of so called civil society. Now civil society is totally different from the traditional society where it can be suggested that it is a form of ‘anti society’. Civil society which is the current western trend is based on social contractual theory, which all the institution are based including out democratic government where each citizen is recognized as co-citizen in country rather than mutual brotherhood based society. For eg. In USA, in Philedelphia, a Son can file a case against his own father for divorce of relationship and can achieve his claim since there is no cultural society, it is a civil society where 2 people are viewed as co-citizens rather with any blood and brotherly relationship. The complete western understanding, their institutions, sociology, individualism, constitutional theory of west does not recognize normal basic human relationship. But whereas our Indian society has always been working entirely on human relations since the ages of time where india showed a huge economic superpower with traditional society. Today since Indian government which is puppying around the western ideology fail to realize that they are taking the economy of the nation into a huge catastrophy. In 1993, when Manmohan Singh was the finance minister invited jagadish bhagavati a neo economist from USA, who formed the entire Duncan WTO treaty for the situation crisis in india with its economic situation. He suggested that the problem with Indian people is that they are saving more than need which comes around 23%GDP,out of which 19 % GDP were only saved by Indians. His advise included to bring down the savings of the people by different means of taxations and other techniques to 9-10%. Out of which this 9 -10% should only be focused on food, shelter like basic needs and increase productions by employing more people and made a whole theory model on that. His theory on Indian situation stated that unless you destroy the family saving of the Indian people and bring it down to half of it, there was no chance of development. He also made a research on the Indian families that Indian woman played a vital role in taking hold of the savings of her family expenditures. So his ideas proposed to change the mentality of the reserved family woman to consumer based woman where she can be advertised to spend more of our money and change the family structure symmetrically in Indian society. In western society there is no propensity to save money assets, thus as a result many families are destroyed. Today 51% Americans are single parent family, out of which 41% children are born to unwed mothers, 20% born for school going children. 51% of the American people are dependent on government support on life insurance, health support etc. where as Indian people have always been dependent on society. Moreover the western economy is build on contractual interest based constitutional society which has led to time bomb ticking economy is USA and other European countries. Today the present scenario has changed the entire habitual thinking process of the people in India. They have a huge affiliated love towards the western society and its features less realizing the suicidal catastrophic and destructive features of its empire. The govt. in India always claim to be globalizing with the world but in reality, india is Americanizing by focusing only on American economic model. There are other traditional society based economies like Japan and germany wherr they instead of manipulating the crowd, they motivate their savings in their family and encourage only the financial institutions to put up money in trades of stock market. There is a huge commonality between the german or Japanese structure of economic history of rich cultural based society which our country could have adopted for the people but current democractic model is partially by the people but it has terribly failed to be for the people by inviting the civil society in our country. Indian economies,constitutions, institutions,sociology, philosophy, education etc all are based on the government economic blueprint of those same people who looted the country, colonized it and then destroyed the Indian GDP. CONCLUSION There are fraternity based economic models in this world with which we share commonality and our ideas should be to have a wider understanding of the world with whom we relate culturally and socially and only then our economic model can be aligned to them to achieve prosperity and serenity in our country.