The training budget is currently administered centrally. as part of a cost—cutting exercise the board of directors have voted unanimously in favour of the proposal that individual departments will have control of this process. this means that from the next financial year, all managers will have control of, and responsibility for, their department training budget. as a safeguard against possible falls in quality, the following rules must be observed. firstly, all contracts for provision of training must go out to competitive tender. a minimum of three quotes must be obtained for each individual contract. these quotes must be documented and retained at the respective departments for the duration of the contract. secondly, the award of contracts will normally be made solely on price. procurement will consider written justiï¬cations where managers wish to award the contract to a higher quote. finally, all suppliers must hold quality awards that are appropriate to the relevant industry.

Costco wholesale corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 471 locations across the u. s. as well as in canada, mexico and puerto rico. as of its fiscal year-end 2005, costco had approximately 21.2 million members. selected fiscal-year information from the company's balance sheets follows. ($ millions). selected balance sheet data 2005 2004 merchandise inventories $4,015 $3,644 deferred membership income (liability) 501 454 (a) during fiscal 2005, costco collected $1,120 cash for membership fees. use the financial statement effectstemplate to record the cash collected for membership fees. (b) in 2005, costco recorded $46,347 million in merchandise costs (that is, cost of goods sold). record thistransaction in the financial statement effects template. (c) determine the value of merchandise that costco purchased during fiscal-year 2005. use the financial statementeffects template to record these merchandise purchases. assume all of costco's purchases are on credit.

Which of the following commission structures creates sales people who are highly motivated to close a sales, because their entire income depends on it?

Cvp analysis, shoe stores. the highstep shoe company operates a chain of shoe stores that sell 10 different styles of inexpensive men's shoes with identical unit costs and selling prices. a unit is defined as a pair of shoes. each store has a store manager who is paid a fixed salary. individual salespeople receive a fixed salary and a sales commission. highstep is considering opening another store that is expected to have the revenue and cost relationships shown here.