PLEASE READ THE BELOW  ESSAY AND WRITE A SUBSTANTIVE 300 WORD REPLY  

 

Everyone has seen the rebates that are offered when buying something new.  It is never easy to get your rebate, as it is required to fill out paperwork, submit forms and the process can take a long time.  However, it is money that retailers are willing to give up just to get one to buy their products.  The Great Rebate Runaround is a prime example of how these rebates can cause confusion but also help a company increase their bottom line.

Customized Pricing

According to Krishna, Briesch, Lehmann, and Yuan (2002), “Research has shown that different price presentations affect consumers’ evaluations of a deal offer” (as cited in Weisstein, & Monroe, (2009), p. 216).  In this case study, The Great Rebate Runaround, one could see that this type of strategy would be a customized pricing technique that companies use to get different customers to buy at different times during the time the product is eligible to be bought.  Some customers will be willing to buy the specific product at full price, while other will be willing to wait until the price is more affordable for them.  Companies will uses the different rebates to entice those customers who are on the fence until a deal is offered.  These companies plan on some of those customers will not renew the rebates, thus resulting in greater profits even at offering their products at lower prices.

Offer Rebates than Decrease Wholesale Prices

Even if all rebates were redeemed, which is highly unlikely, companies should offer rebates as opposed to decreasing wholesale prices.  Why?  Consumers love a bargain, or the perception of a bargain.  If companies lower wholesale prices, they will be leaving money on the table.  The odds of every rebate being redeemed will be rare and as a result, many of those who buy with the thought of redeeming those rebates will not follow through allowing those companies to have higher revenue than they would with lowering wholesale prices.

Why is Best Buy Considering Eliminating Rebates?

According to Ong (2008), “Because of high ‘breakage’ or unredeemed rate, mail-in rebates are unlikely to go away soon despite many consumer complaints.  Ong (2008) also says that manufacturers and retailers count on a portion of their buyers not redeeming their rebates.  This will help reduce promotional costs and it gets the buyers to think about the discount and not think about the full retail price.  For this reason, I am surprised that Best Buy is considering eliminating their rebates to their customers.  Sony and other big competitors realize that by offering rebates there will be customers who will not redeem those rebates and will increase the revenue of their products.

One reason that Best Buy may be considering in discontinuing their rebate program is the many complaints that consumers file because of the long and sometimes tedious process of filling out and mailing in the rebate form.  Sometimes the impression of the consumer is more important than going through the process of trying to improve their respective image that complaints cause.

References

Ong, B. (2009). The impact of consumer perceptions of, and attitudes toward mail-in rebates

        on effectiveness of rebates.  Journal of Promotional Management.  14(1), 45-58.  doi:     

        10.1080/10496490802506124

• Weight: 10% of course grade
• Grading Rubric

Instructions

Waterways (Chapter 19) 

For this assignment, you will apply what you have learned from the unit lesson and required unit resources. The Waterways (WP19) case is located on page 19-39 of the textbook. 

Waterways Corporation is a private corporation formed for the purpose of providing the products and the services needed to irrigate farms, parks, commercial projects, and private lawns. It has a centrally located factory in a U.S. city that manufactures the products it markets to retail outlets across the nation. It also maintains a division that performs installation and warranty servicing in six metropolitan areas. 

The mission of Waterways is to manufacture quality parts that can be used for effective irrigation projects that also conserve water. By that effort, the company hopes to satisfy its customers, perform rapid and responsible service, and serve the community and the employees who represent them in each community. 

The company has been growing rapidly, so management is considering new ideas to help the company continue its growth and maintain the high quality of its products. 

Waterways was founded by Will Winkman, who is the company president and chief executive officer (CEO). Working with him from the company’s inception is Will’s brother, Ben, whose sprinkler designs and ideas about the installation of proper systems have been a major basis of the company’s success. Ben is the vice president who oversees all aspects of design and production in the company. 

The factory itself is managed by Todd Senter, who hires his line managers to supervise the factory employees. The factory makes all of the parts for the irrigation systems. The purchasing department is managed by Helen Hines. 

The installation and training division is overseen by vice president, Henry Writer, who supervises the managers of the six local installation operations. Each of these local managers hires his or her own local service people. These service employees are trained by the home office under Henry Writer’s direction because of the uniqueness of the company’s products. 

There is a small human resources department under the direction of Sally Fenton, a vice president who handles the employee paperwork, though hiring is actually performed by the separate departments. Teresa Totter is the vice president who heads the sales and marketing area; she oversees 10 well-trained salespeople. 

The accounting and finance division of the company is headed by Ann Headman, who is the chief financial officer (CFO) and a company vice president; she is a member of the Institute of Management Accountants and holds a certificate in management accounting. She has a small staff of accountants, including a controller and a treasurer, and a staff of accounting input operators who maintain the financial records. 

A partial list of Waterways’ accounts and their balances for the month of November is itemized below. 

Accounts Receivable$275,000Advertising Expenses54,000Cash260,000Depreciation – Factory Equipment16,800Depreciation – Office Equipment2,400Direct Labor42,000Factory Supplies Used16,800Factory Utilities10,200Finished Goods Inventory, November 3068,800 Finished Goods Inventory, October 31 72,550Indirect Labor48,000 Office Supplies Expense 1,600 Other Administrative Expenses72,000 Prepaid Expenses41,250Raw Materials Inventory, November 3052,700 Raw Materials Inventory, October 31 38,000 Raw Materials Purchases184,500Rent – Factory Equipment47,000 Repairs – Factory Equipment4,500Salaries325,000Sales Revenue1,350,000Sales Commissions 40,500Work in Process Inventory, October 3152,700Work in Process Inventory, November 30 42,000 

Instructions: 

• Based on the information given, construct an organizational chart of the Waterways Corporation. You may create the organizational chart in Microsoft Word or Excel. 
• A list of accounts and their values are given above. From this information, prepare a cost of goods manufactured schedule, an income statement, and a partial balance sheet for the month of November, which should be created using Excel. 

If you elect to create your organizational chart in a Word document, then you will need to submit both a Word document (containing the organizational chart) and an Excel document (containing the cost of goods manufactured schedule, income statement, and partial balance sheet). If you elect to create your organizational chart in Excel, you will only submit an Excel document, which would contain all components of the assignment. 

APA formatting is not necessary. 

In the essay address and answer the following

According to the leadership competency assessment, share your strongest competency and your weakest competency, and comment on your general reaction to the findings of the assessment. Do not share your actual score, only which competencies were identified as strongest and weakest.

Based on the results of your leadership competency assessment, explain two ideas that were of particular interest to you or that you found most compelling (e.g., “a-ha!” moments) from the results. Provide a rationale to support your conclusion.

• Identify someone from professional experiences who have strength in the same leadership      competency and share how you think this strength could have potential drawbacks, trade-offs, or negative consequences for leaders. 
• Identify someone from professional experiences who weaknesses in the same leadership      competency as you. Provide examples of how both of you might build your competency in this area, how both of you might overcome this weakness, and what effect the choice to address or not address this weakness may have on your goals.
• Can someone really transform a weakness into strength? In what situations might it be more important to focus on one’s strengths? Is it always important to try to address one’s weaknesses? Why or why not? What suggestions would you have if a person has not been able to overcome a particular weakness?

 

Choose only one (1) of the following scenarios. Answer the questions for your chosen scenario using a “Question and Answer” format. The entire paper should be 1 – 2 pages in length.

Scenario #1: Setting Goals

Ally is a 4-year old girl, whose mom just had a baby three weeks ago. Throughout the day at pre-school, Ally has begun talking like a baby and wants to be held often. This is perfectly normal behavior when a new sibling arrives.

1. Answer all of the following questions or prompts with complete sentences:
2. Identify and describe two (2) strategies Ally’s teacher can implement to help Ally with her behavior.
3. What long-term goal would you set? What short-term goal would you set?
4. What advice would you give Ally’s family, to help improve her behavior at home?

OR

Scenario #2: Mistaken Behavior

Carrie has three boys and drops off her middle son, Sebastian, who is almost three, at the childcare center 20 minutes before the other children in his class arrive. Because of Carrie’s work schedule, this needs to happen every morning. Sebastian really enjoys playing in the block area and is happy playing with two of his imaginary friends, “Bob” and “Conroy.” Sebastian is in such a great mood during this time! He laughs and shares the blocks with his “friends.” As soon as another child arrives at the center and wants to play in the block area too, Sebastian screams, “NO! This is MY block place! Go away!” He cries and is inconsolable for at least 30 minutes. He falls to the floor kicking and screaming, seemingly unconcerned about hurting anyone he might kick during his tantrum.

1. Answer all of the following questions or prompts with complete sentences:
2. Which level of Mistaken Behavior is Sebastian displaying?
3. Identify two (2) possible reasons Sebastian might be having this tantrum.
4. Which democratic life skill is Sebastian needing support with?
5. Identify and describe three (3) strategies you could implement that would guide Sebastian’s behavior and teach him alternative ways to get what he is missing.

TIP: Be sure to use at least one (1) outside resource to support your work and cite it properly on an APA formatted References page. The source(s) should help support your positions on the items above.

Companies i selected are 

1.walt Disney 

2. comcast 

3. discovery. 

ALL OF THEIR INCOME STATEMENTS, BALANCE SHEETS AND CASH FLOWS ARE FROM 2018, 2019 AND 2020. PLEASE LINK ANSWERS TO PREVIOUS TABS. 

CAN YOU PLEASE FOLLOW ALL INSTRUCTIONS AND ANSWER ALL QUESTIONS? THANK YOU!

Excel Project: Part III Instructions

Common Sized Balance Sheets (Tabs 12), Common Sized Income Statements (Tab 13), Horizontal Analysis Balance Sheets (Tab 14), Horizontal Analysis Income Statements (Tab 15), and Projected Financial Statements (Tabs 16-18) 

· Continue in the same Excel workbook prepared in Week 4, adding the following tabs:

o The 12th tab in your Financial Statement Analysis Template must be labeled Common Sized Balance Sheets.

§ Set-up like the Historical Balance Sheets (Tab 3), this worksheet should use formulas to calculate the common sized percentages, linking to the Historical Balance Sheets for the calculations. “Total Assets” should be used as the base for all common sized calculations on the Balance Sheets. Common sized percentages should be calculated for all three historical years presented.

§ See Exhibit A for a partial example of this tab.

o The 13th tab in your Financial Statement Analysis Template must be labeled Common Sized Income Statements.

§ Set-up like the Historical Income Statements (Tab 2), this worksheet should use formulas to calculate the common sized percentages, linking to the Historical Income Statements for the calculations. “Revenue” or “Total Revenue” (depending on your company) should be used as the base for all common sized calculations on the Income Statements. Common sized percentages should be calculated for all three historical years presented.

o The 14th tab in your Financial Statement Analysis Template must be labeled Horizontal Analysis of Balance Sheets.

§ Start by copying and pasting the Historical Balance Sheets from Tab 3 to this worksheet. Then, add dollar and percentage change columns between each of the set of historical years.

§ See Exhibit B for an example of this tab.

o The 15th tab in your Financial Statement Analysis Template must be labeled Horizontal Analysis of Income Statements.

§ Start by copying and pasting the Historical Income Statements from Tab 2 to this worksheet. Then, add dollar and percentage change columns between each of the set of historical years.

o The 16th tab in your Financial Statement Analysis Template must be labeled Projected Income Statements. Three years of projected statements should be included, starting with the most recent year after the company’s last issued report. 

o The 17th tab in your Financial Statement Analysis Template must be labeled Projected Balance Sheets. Three years of projected statements should be included. Three years of projected statements should be included, starting with the most recent year after the company’s last issued report. 

o The 18th tab in your Financial Statement Analysis Template must be labeled Projected Statement of Cash Flows. Three years of projected statements should be included, starting with the most recent year after the company’s last issued report. 

§ Other information relating to projected tabs:

§ Projections should be based on research performed on your company and its industry. Use historical, trend, ratio data and current and future economic projections as well as information from the company’s MD&A to aid in preparing projections.

§ Clearly state your assumptions in a text box at the bottom of each tab. Cite sources for assumptions based on research. 

§ The statements should be consistent, reasonable, and accurate. Areas that will be checked for accuracy include:

· The Balance Sheets should balance for all years presented.

· Retained earnings should be properly calculated using the prior year’s balance, net income, and dividends.

· The Ending Cash Balance on the Statement of Cash Flows should agree to the Cash Balance shown on the Balance Sheet for the same year.

· Net Income on the Income Statements should match what is reported on the top of the Statement of Cash Flows (if indirect method is used).

o Other instructions:

§ The Excel workbook should be professionally formatted. Professional formatting includes:

· All numbers are formatted similarly. The use of decimals, commas for thousands, and other formatting is consistent.

· Dollar signs are included in the first and last numbers of each column.

· Subtotals and totals are preceded by a single underline. Totals are followed by a double underline.

· Line descriptions are indented/bolded in a manner that makes the spreadsheet easy to read. 

§ All common sized, horizontal analysis, and projection items should be calculated using formulas. Totals and subtotals should also be calculated using formulas.  For an example of which cells may need formulas, please see Exhibits A & B.

This assignment is due by 11:59 p.m. (ET) on Monday of Module/Week 6.