Cold Duck Manufacturing Inc. reported sales of $775,000 at the end of last year; but this year, sales are expected to grow by 6%. Cold Duck expects to maintain its current profit margin of 22% and dividend payout ratio of 30%. The firm’s total assets equaled $425,000 and were operated at full capacity. Cold Duck’s balance sheet shows the following current liabilities: accounts payable of $75,000, notes payable of $45,000, and accrued liabilities of $75,000. Based on the AFN (Additional Funds Needed) equation, what is the firm’s AFN for the coming year? -$143,014 -$132,013 -$110,011 -$121,012 A negatively-signed AFN value represents: A shortage of internally generated funds that must be raised outside the company to finance the company’s forecasted future growth A point at which the funds generated within the firm equal the demands for funds to finance the firm’s future expected sales requirements A surplus of internally generated funds that can be invested in physical or financial assets or paid out as additional dividends Because of its excess funds, Cold Duck is thinking about raising its dividend payout ratio to satisfy shareholders. What percentage of its earnings can Cold Duck pay to shareholders without needing to raise any external capital? (Hint: What can Cold Duck increase its dividend payout ratio to before the AFN becomes positive?) 68.2 77.3 63.6 90.9

Case in point 1.2 suppose you work in the it department of global hotels, a multinational hotel chain. global hotels runs several specialized business support systems, including a guest reservations system that was developed in-house to meet the requirements of a large company with worldwide operations. guests can make one-stop online reservations by visiting global's website, which has links to all major travel industry sites. global hotels just acquired momma's, a regional chain of 20 motels in western canada. momma's uses a vertical reservations package suitable for small- to medium-sized businesses and a generic accounting and finance package. should momma's use global hotels' information systems or continue with its own? in your answer, consider issues such as business profiles, business processes, system interactivity, edi, ecommerce, and the characteristics of both information systems. what additional information would be to you in making a recommendation?

Jameson manages a well-known cell phone company. this company has been voted as having the best cell-phone service. consumers appreciate the fact that they can call from almost anywhere in the world and the service still gets through. jameson knows that the company's product far surpasses that of the competition. one thing has been bothering him, though. in order to put so many resources into ensuring the best service, jameson has cut back on employees at the firm's customer call center. recently, consumers have begun complaining about long wait times when they call in with a problem or concern. although its cell phone service is still considered one of the best, customer satisfaction with the firm's customer service has plummeted. jameson does not understand why consumers are getting so upset. he believes the exceptional cell phone service more than makes up for long waiting periods and other issues with its customer service. "after all," he says, "they can't have it all. if i invest more in customer service, that means less investment on ensuring the quality of our product offering."refer to scenario. jameson has asked you, a marketing consultant, to give him advice. he cannot understand how a cell-phone company with the best product offering in the cell-phone service industry could get such low satisfaction ratings simply because the customer service is not up to par. you suggest that jameson has a narrowly defined view of the company's product offering. you tell jameson that successful marketers should define their products as what they

If a product goes up in price, and the demand for it drops, that product's demand is a. elastic b. inelastic c. stable d. fixed select the best answer from the choices provided