Case study
you are the director of operations at mcc organic tea company. the company self describes as a triple-bottom-line business with its primary areas of focus being people, planet and then profit. mcc organic tea has a close working relationship with the tea factories which supply it. your job as director of operations is to ensure these factories also follow mcc’s triple-bottom-line policies. the organic aspect of your product is of utmost importance and can be seen in the entire supply product to packaging to transportation. you have enough capital to expand operations into europe. your task is to explore how to expand operations while still maintaining your efficiencies and triple-bottom-line approach.
1. what legal, political, and cultural areas would you need to research concerning european countries?
2. how would you continue your supply chain emphasis on organic while growing a new market?
3. how would your packaging differ in a european country?
4. how would your supply chain need to be altered for europe?
5. what is your final determination on whether to move forward with the expansion?
hint: you will need to do some research on where and how tea is produced.

1tanner invested $135,000 cash along with office equipment valued at $32,400 in the company in exchange for common stock. 2 the company prepaid $7,200 cash for 12 months’ rent for office space. (hint: debit prepaid rent for $7,200.) 3 the company made credit purchases for $16,200 in office equipment and $3,240 in office supplies. payment is due within 10 days. 6 the company completed services for a client and immediately received $2,000 cash. 9 the company completed a $10,800 project for a client, who must pay within 30 days. 13 the company paid $19,440 cash to settle the account payable created on april 3. 19 the company paid $6,000 cash for the premium on a 12-month insurance policy. (hint: debit prepaid insurance for $6,000.) 22 the company received $8,640 cash as partial payment for the work completed on april 9. 25 the company completed work for another client for $2,640 on credit. 28 the company paid $6,200 cash in dividends. 29 the company purchased $1,080 of additional office supplies on credit. 30 the company paid $700 cash for this month’s utility bill. prepare general journal entries to record these transactions. 2. post the journal entries from part 1 to the ledger accounts.

Based on the supply and demand theory, why do medical doctors earn higher wages than child-care workers?

Solomon chemical company makes three products, b7, k6, and x9, which are joint products from the same materials. in a standard batch of 320,000 pounds of raw materials, the company generates 70,000 pounds of b7, 150,000 pounds of k6, and 100,000 pounds of x9. a standard batch costs $3,840,000 to produce. the sales prices per pound are $10, $14, and $20 for b7, k6, and x9, respectively. (a) allocate the joint product cost among the three final products using weight as the allocation base. (b) allocate the joint product cost among the three final products using market value as the allocation base. (c) allocate the joint product cost among the three final products using weight as the allocation base.