MGT223H5 Midterm: mingquestion (term test question).doc
Document Summary
Ming pop ltd. (mpl) is a producer of soda pop and other beverages for consumer use. Ming lam is the founding and sole shareholder. They have been in business for 20 years. Their fiscal year end is february 28, 2009. While they cannot compete with the large companies such as pepsi and coca- Cola, they have built up a nice market in the home delivery area. They also distinguish themselves by being the only pop manufacturer to have a full deposit and return policy. They initiated this procedure during this fiscal year to save costs and they have also found it to be a good marketing technique given the current concern for the environment. Mpl underwent some considerable costs to design and manufacture a suitable inventory level of returnable bottles. Ming is uncertain as to how to treat these costs.
