FROM $5K TO MULTI-MILLIONAIRE Anne Scheiber was 47 years old when she retired from her job as an IRS auditor. With a
pension Income of only $3,150 a year during her retirement, she hadn't been rolling in the
dough. But by pinching pennies, she had saved $5,000 to invest.
She chose top companies making products she admired, such as Coca-Cola and Bristol-
Myers, and never sold them. She was famously frugal too, often stuffing her purse with food
the companies served at their annual shareholder meetings.
Anne never added more money to her account. She just reinvested the dividends she eamed.
By the time she died at age 101, her investments were worth nearly $22 million. And virtually all
of it was left to a nearby college she had never even visited.
Follow-up questions:
Where or how did Ms. Schreiber get money to use for investing?
What strategies did Ms. Schreiber use to grow her wealth during her retirement years?

When paul o’neill joined alcoa as ceo, he set a , that there would be zero workplace accidents. a lot of people in the organization thought this was impossible given how dangerous some aluminum-manufacturing jobs are, but alcoa’s safety record improved tremendously. as the board of governors of the american red cross considers planning, one option is to make strategic plans and then direct managers to align tactical and operational plans accordingly. another option is to have planning specialists managers across the organization make their own plans. why might this organization’s executives opt for the latter approach? check all that apply. (a) the environment is a dynamic one, and department and frontline managers can come up with more responsive plans than can central leadership. (b)resources will be better coordinated across the organization in support of the overall strategy.(c) senior leadership will have more control over the organization’s direction. (d)when managers come up with their own plans, they are likely to be more committed to following through on them.

The purchasing agent for a company that assembles and sells air-conditioning equipment in a latin american country noted that the cost of compressors has increased significantly each time they have been reordered. the company uses an eoq model to determine order size. what are the implications of this price escalation with respect to order size? what factors other than price must be taken into consideration?

The following information is from the 2019 records of albert book shop: accounts receivable, december 31, 2019 $ 42 comma 000 (debit) allowance for bad debts, december 31, 2019 prior to adjustment 2 comma 000 (debit) net credit sales for 2019 179 comma 000 accounts written off as uncollectible during 2017 15 comma 000 cash sales during 2019 28 comma 500 bad debts expense is estimated by the method. management estimates that $ 5 comma 300 of accounts receivable will be uncollectible. calculate the amount of bad debts expense for 2019.