As a manager, you meet with each of your team members quarterly to review their progress toward their written and agreed-upon goals. one of your employees, julie, had a goal of increasing sales in her territory by 10 percent in the first quarter of the year. however, when you review julie's sales numbers, you see that her sales have actually gone down. you know julie is a hard worker and has an excellent relationship with her customers. when you sit down to discuss her performance, she explains what is happening in her territory. a major automobile manufacturer, which once provided 25,000 jobs, has moved its operations to mexico and laid off all 25,000 of its workers. as a result, the economy in julie's region has become quite depressed, and the residents are living off their savings. taking the steps of the planning/control cycle into account, what is your best course of action with julie?
a. recognize the economic reality of her territory and change her goals to make them ambitious but realistic.
b. terminate her employment with the company.
c. put her on probation, explaining that she will be terminated if her performance does not improve in the next quarter.
d. transfer her to another territory and replace her with another sales rep who is new to the company and therefore "hungry."
e. arrange for her to take a refresher course on sales methods.

Daniel owns 100 shares of abc corporation's common stock. abc uses the fair value option, and recent declines in the firm's credit rating have caused the value of the firm's outstanding bonds payable to drop by 10%. daniel feels this is good news, but he wants to know what you think about the situation. which of the following represents your best response? a : "this situation may be positive for you in that the change in abc's credit standing indicates that the value of the firm's assets is likely increasing. however, the drop in bond value may negate any positive effects on your bottom line, because it means your claim on the firm's assets is simultaneously decreasing." b : "actually, this is bad news all around. the drop in the value of abc's bonds payable means shareholders' claims on the firm's assets have decreased. moreover, abc's declining credit rating means that the firm's assets are probably also dropping in value, thus magnifying your losses even more." c : "on the surface, this seems like good news because it means your claim on the firm's assets has increased. however, the drop in creditworthiness may also indicate that abc's assets are declining in value, thus offsetting any gains associated with the drop in bonds payable." d : "you're right! this is good news because it means that abc's debtholders have a decreased claim on the firm's assets. as a result, the firm's existing shareholders"like you"have seen their claim on the firm's assets increase."

You are purchasing a bond that currently sold for $985.63. it has the time-to-maturity of 10 years and a coupon rate of 6%, paid semi-annually. the bond can be called for $1,020 in 3 years. what is the yield to maturity of this bond?

Dozier company produced and sold 1,000 units during its first month of operations. it reported the following costs and expenses for the month: direct materials $ 69,000 direct labor $ 35,000 variable manufacturing overhead $ 15,000 fixed manufacturing overhead 28,000 total manufacturing overhead $ 43,000 variable selling expense $ 12,000 fixed selling expense 18,000 total selling expense $ 30,000 variable administrative expense $ 4,000 fixed administrative expense 25,000 total administrative expense $ 29,000 required: 1. with respect to cost classifications for preparing financial statements: a. what is the total product cost