Question
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Mt. Kinley is a strategy consulting firm that divides its consultants into three classes: associates, managers,...
Mt. Kinley is a strategy consulting firm that divides its consultants into three classes: associates, managers, and partners. The firm has been stable in size for the last 20 years, ignoring growth opportunities in the 90’s, but also not suffering from a need to downsize in the recession at the beginning of the 21st century. Specifically, there have been--- and are expected to be--- 300 associates, 100 managers, and 30 partners.
The work environment at Mt. Kinley is rather competitive. After five years of working as an associate, a consultant goes “either up or out”; that is, becomes a manager or is dismissed from the company. Similarly, after another five years, a manger either becomes a partner or is dismissed. The company recruits MBAs as associate consultants; no hires are made at the manager or partner level. A partner stays with the company for another 10 years (a total of 20 years with the company).
How many new MBA graduates does Mt. Kinley have to hire every year?
What are the odds that a new hire at Mt. Kinley will become partner (as opposed to being dismissed after 5 years or 10 years)?
Solutions
Amanda K answered 2 years agoRelated Solutions
Need it in Excel format in detail. Quality Associates, Inc., a consulting firm, advises its clients...
Need it in Excel format in detail.
Quality Associates, Inc., a consulting firm, advises its clients
about sampling and statistical procedures that can be used to
control their manufacturing processes. In one particular
application, a client gave Quality Associates a sample of 800
observations taken during a time in which that client’s process was
operating satisfactorily. The sample standard deviation for these
data was .21; hence, with so much data, the population standard
deviation was assumed to be .21. Quality...
Quality Associates, Inc., a consulting firm, advises its clients about sampling and statistical procedures that can...
Quality Associates, Inc., a consulting firm, advises its clients
about sampling and statistical procedures that can be used to
control their manufacturing processes. In one particular
application, metal spheres are created for conducting scientific
experiments. A client gave Quality Associates a sample of 800
observations taken during a time in which that client's process of
creating metal spheres was operating satisfactorily. The sample
standard deviation for the radii of these spheres was 0.21 cm;
hence, with so much data, the...
Quality Associates, Inc., a consulting firm, advises its clients about sampling and statistical procedures that can...
Quality Associates, Inc., a consulting firm, advises its clients
about sampling and statistical procedures that can be used to
control their manufacturing processes. In one particular
application, a client gave Quality Associates a sample of 800
observations taken during a time in which that client’s process was
operating satisfactorily. The sample standard deviation for these
data was .21; hence, with so much data, the population standard
deviation was assumed to be .21. Quality Associates then suggested
that random samples of...
Quality Associates, Inc., a consulting firm, advises its clients about sampling and statistical procedures that can...
Quality Associates, Inc., a consulting firm, advises its clients
about sampling and statistical procedures that can be used to
control their manufacturing processes. In one particular
application, a client gave Quality Associates a sample of 800
observations taken while that client’s process was operating
satisfactorily. The sample standard deviation for these data was
0.21; hence, with so much data, the population standard deviation
was assumed to be 0.21. Quality Associates then suggested that
random samples of size 30 be taken...
Managerial Accounting Three department managers jointly decide to hire a consulting firm for advice on increasing...
Managerial
Accounting
Three department
managers jointly decide to hire a consulting firm for advice on
increasing departmental effectiveness and efficiency. The
consulting firm spends 50% of their efforts in department A and 25%
in each of the other two departments. The manager of department A
suggest that all three departments equally share the consulting
fee.
You are the manager of
one of the other two departments. Write a memo to the manager
making the suggestion and explain how you think...
Three department managers jointly decide to hire a consulting firm for advice on increasing departmental effectiveness...
Three department managers jointly decide to hire a consulting firm
for advice on increasing departmental effectiveness and efficiency.
The consulting firm spends 50% of their efforts in department A and
25% in each of the other two departments. The manager of department
A suggest that all three departments equally share the consulting
fee.
As a manager of one of the other two departments, respond to his
suggestion with a memo.
The consulting firm of Martin and Associates uses the accounts listed below. On a separate sheet...
The consulting firm of Martin and Associates uses the accounts
listed below. On a separate sheet of paper, set up T accounts for
each of the accounts listed and record the balances as of December
1, 20X1 on the normal balance side of the accounts.
Cash
$
5,400
Joan Martin, Capital
15,700
Accounts receivable
8,400
Joan Martin, Drawing
-0-
Prepaid rent
-0-
Fees income
-0-
Office equipment
7,900
Utilities expense
-0-
Accounts payable
6,000
Salaries expense
-0-
The firm has...
Managers at your firm are very concerned about the influence of terrorism on its long-term strategy....
Managers at your firm are very concerned about the influence of
terrorism on its long-term strategy. To counter this issue, the CEO
has indicated you must analyze the countries in which terrorism and
political violence is minimal. As this will provide the basis for
the development of future company facilities, a detailed analysis
for these countries is required. Once completed, include
recommendations which justify locating future operations to
specific countries with little risk of terror activities.
Alma and Associates, a new consulting service, recently received a bill for repairs on its.
BE 154
Alma and Associates, a new consulting service, recently received a bill for repairs on its computers totaling $2,280. Alma thinks it may have been overcharged and is trying to recreate the components of the bill. She knows the hourly rate is $75 and 15 hours of labor was charged. She also knows $700 of parts were replaced.
Instructions
Compute the material loading charge percentage the repair service used.
BE 155
Freberg Company, a division of Dudge Cars,...
Assume that you are a consultant for an international management strategy consulting firm. Your firm has...
Assume that you are a consultant for an international management
strategy consulting firm. Your firm has been approached by Mr. Hans
Wursching, CEO of TransSprech, A.G., a newly formed cellular phone
service and phone provider based in Stuttgart, Germany. TransSprech
has a satellite GSM network with complete coverage in Europe and
the United States, as well as throughout most countries in the
world. The company has established some semblance of a marketing
and management strategy, and you have been asked...
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