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contemplates that the university cannot sustain them. The athletic depar.ent is arguing that 1 I I. Ci-ndewalk University is planning dropping ail athletic scholarships becau. the administration the...

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contemplates that the university cannot sustain them. The athletic depar.ent is arguing that 1 I I. Ci-ndewalk University is planning dropping ail athletic scholarships becau. the administration the cost of dropping athletic scholarships will be high. The athletic team will no longer be competitive and the school maybe dropped from the Big 20 Conference. Ticket revenues will drop. Alumni will not provide as many donations. The university may lose the remaining tuition because many of the athletes are on partial scholarships. Furthermore, the university will get Ass publicity, particularly in the sports pages of newspapers and on television. What are the benefits and opportunity costs of providing athletic scholarships?
A convenience store is contemplating to add a locally made dip to its product mix. The dip costs $ 2.00 per can to purchase from the supplier. The supplier does all the shelving, but the grocery store could generate an additional monthly Income of $200.00, if the shelf place is used to sell ketchup. The convenience store expects to sell 400 cans of dip per month at $2.00 per unit.
Should the convenience store include the dip in its product mix, if there are 170 material costs or benefits?
ill. Ms. Mahu Say has just been hired as an accountant by Spire Dental Company. Spire Dental Company buys dental products from manufacturers and sells them to various dental offices. ABC prides itself in immediate delivery of products. It operates a large warehouse for storage of products purchased from manufacturers. These products are delivered to dental offices from the warehouse. The company has a number of salespeople who visit the dental offices and generate orders. The current accounting system records costs in the following accounts:
IV.
a. Purchase Inventory b. Salaries c. Freight charges
d. Utilities e. Warehouse rent f. Representation and travel
The president tells Ms. Mahu Say that he finds the accounting system futile for decision-making. He asks her to develop an accounting system that will aid him make decisions. What o'ecisions might the president want to make and what cost objects should Ms. Mahu Say choose to assist those decisions. Ms. Masungit had worked ter men long enough. She never received recognition for her skins and was paid less that than her male counterparts. Masungit deeded it was time to become her own boss. She started her own advertising agency where its primary purpose was to match media companies with organizations that wanted to advertise. Her agency was paid a commission for every advertising contract that her agency arranged. Due to her tough time as a woman working with men, Ms. Masungit attempts to give women plenty of opportunities in her organization. However, she had a problem recently, one of her female employees had just gave birth and wanted a mere flexible time work schedule. Instead working from nine testy, Monday to Friday, this woman wanted to work some evenings but take time off during the afternoons to be with her baby. In addition, she also wanted to work at home rather than in the office. Ms. Masungit was not sure that allowing flexible work time would work in her company. Flexible time and working at home meant Ms. Masungit would not be able to control her employees very well because she would not be able to observe their activities. What if employees say they are going to work at home, but they end up playing with their children? On the other hand, she knows that flexible work time will improve morale and productivity.
How can Ms. Masungit solve this problem?
Answered Same Day Dec 27, 2021

Solution

Robert answered on Dec 27 2021
113 Votes
I. Benefits:
Benefits of providing athletic scholarships are those benefits which Endewalk University
is cu
ently enjoying and will have to sacrifice, if it drops the scholarship. The benefits
are inclusion in Big 20 Conference, tickets revenues generated in sport events, donations
eceived from its Alumni to support athletics, loss of partial tuition-fee and loss of
publicity in media. Though some of these items aren’t monitory, each item has a value
that can be converted into monitory value. The details are as follows:
Inclusion in Big 20 Conference: This provides reputation to the University which creates
a
and value. A
and value can be converted into monitory terms as many entities
now-a-days do so.
Tickets revenues: These are the direct monitory benefits.
Donations received: Donations are direct monitory aids provided by alumni. There may
e many alumni who are donating only to support athletics in the college.
Tuition-fee: Tuition fee paid by those who are on partial scholarship is revenue and
direct monitory benefits.
Publicity in media: If the University wishes to advertise for it, it would need to pay
money. Due to the athletic scholarship, the university is enjoying these without any cost,
which can easily be assigned a monitory value.
Opportunity Cost:
Opportunity cost refers to the loss of monitory value associated with an alternative
option, which was not taken as another alternative was chosen.
Here, the opportunity cost is simply the...
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