Explain how a firm can modify their product line to increasecustomer satisfaction.

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Bunny GreenfelderLv2

27 Jul 2018

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Patricia Hawking is considering opening a small bagel shop inUniversity City. Her initial research has discovered thefollowing information. Fixed costs (mostly the costs ofthe facility and salaries), excluding advertising will cost $50,000per month, and provide her with a capacity to serve 60,000customer-visits per month. Due to the size of thefacility, increasing capacity beyond that will be extremelydifficult. Each customer-visit will generate averagerevenues of $4.50, and incur average direct material costs of$2.50.

1. Based on the above information, what is Hawkingâs breakevenpoint (in terms of customer-visits permonth)? __________ Is this feasible?___________

2. Based on the above information, what is the monthly profit ofHawkingâs Bagels in February assuming it serviced 20,000customer-visits?

3. Assuming that Hawkingâs cannot increase customer-visits inthe short-run, what increase in average customer revenue isnecessary in order to break-even?

4.Preliminary market research suggests that without anyadvertising, Hawkingâs mere presence should generate a customerbase of 20,000 visits per month. It also suggests thatHawkingâs can increase that customer base by running up to 60advertisements in the local papers each month. Assumethat each advertisement run during the month would increasecustomer demand for the month by 1% over the no-advertisingbase. For example, with 10 advertisements in the currentmonth, there would be a total of 22,000 customer visits thismonth. For simplicity, assume that the ads have NO valuebeyond the month in which they run and that each advertisementcosts $150. How many advertisements per month shouldHawkings run in order to break-even?

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An entity has changed its depreciation method for productionequipment from a straight line method to units of production methodbased on hours of utilization. The entityâs auditor concurs withthe change although it has a material effect on the comparabilityof the entityâs financial statements. From the following opiniontypes, select and write the opinion type or types that can be usedby the auditor. Up to two opinion types can be selected. Inaddition, select and write the appropriate report modificationoptions that are required to be made by the auditor. You can selectas many options as apply. (Becker, Adopted) Opinion OptionsUnmodified Except for qualified Adverse Disclaimer ReportModification Options Issue the independent auditorâs report withoutmodification Modify the introductory paragraph Modify the auditorâsresponsibility paragraph Omit the auditorâs responsibilityparagraph Modify the opinion paragraph Add an emphasis-of-matterparagraph preceding the opinion paragraph Add an emphasis-of-matterparagraph following the opinion paragraph

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Businesses often modify or replace their financial informationsystem to keep pace with their growth and take advantage ofimproved IT. This requires a substantial time and resourcecommitment. When an organization changes its AIS, a systemsanalysis takes place.

Explain the purpose and reasons for surveying an organizationâsexisting system.

Explain the activities commonly performed during systemsanalysis.

Systems analysis is often performed by a project team composedof a systems analyst, a management accountant, and otherknowledgeable and helpful people. What is the managementaccountantâs role in systems analysis?

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Explain how a firm can modify their product line to increasecustomer satisfaction.

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