SM.65 A marketing company prides itself on its sales prowess and
is looking for ways to increase profits. Given the company culture,
the president calls for a 13% increase in sales to meet the
profitability goals. The company currently has revenues of
$12,263,000 (annually), spends 56% of its revenues on purchases,
and has a net profit margin of 5.75%.
You are a modest purchasing intern working for this company and you
want to show the president that it may be easier to reach the
profitability goals by lowering the purchasing expenses (while
holding sales constant, that is, no need to increase sales by
13%).
If the company is able to reach its goal of increasing sales by
13%, by how how many dollars would its revenue
increase? (Display your answer as a whole
number.)
If the company is able to reach its goal of increasing sales by 13%, by how many dollars would its profit increase? (Display your answer as a whole number.)
Assuming that revenues stayed flat (meaning the company did not
try to increase sales by the 13 percent target), by what percentage
would they have to decrease purchasing expenses to equal the
increased profit that would have come from a 13 percent increase to
revenues? (Write your answer as a percentage, and display your
answer to two decimal places.)
%
In: Operations Management
FC.71 Five-star sells school related products. Their top seller,
the five subject spiral notebook, has done very well. The
notebook's sales during the back-to-school season (July through
October) over the last three years are shown below:
| Month | 2017 | 2018 | 2019 |
|---|---|---|---|
| July | 135,000 | 144,000 | 111,000 |
| August | 146,000 | 154,000 | 160,000 |
| September | 60,000 | 62,000 | 67,000 |
| October | 65,000 | 66,000 | 59,000 |
For the five-subject notebook, Five-star's projected sales for
the 2020 back-to-school season of are 375,000. Based on the past
sales and this year's projected sales, answer the following
questions.
Given the above information and using the most appropriate
forecasting method, what should be the forecast for July 2020
sales? (Display your answer to the nearest whole
number.)
What is the forecast for August 2020 sales? (Display your answer to
the nearest whole number.)
What is the forecast for September 2020 sales? (Display your answer
to the nearest whole number.)
What is the forecast for October 2020 sales? (Display your answer
to the nearest whole number.)
In: Operations Management
What are three ways that HR managers can prevent sexual harassment in the workplace (List and provide an example)
In: Operations Management
What is the difference between harassment and bullying? Would an organization's policies addressing them be substantially different? Why?
In: Operations Management
This data is for forecasting future sale considering additive seasonality approach and answer related questions.
|
Time |
Year |
Season |
Sale |
|
1 |
2018 |
Q1 |
1 |
|
2 |
Q2 |
7 |
|
|
3 |
Q3 |
3 |
|
|
4 |
Q4 |
2 |
|
|
5 |
2019 |
Q1 |
6 |
|
6 |
Q2 |
8 |
|
|
7 |
Q3 |
1 |
|
|
8 |
Q4 |
9 |
PART a) What is the seasonality index for second season (Q2) ?
Part b)
Assume that we run the regression for the deseasonalized data after calculating seasonality index . We find that regression line slope is 0.4 , and intercept is 2.8. By considering the slope and intercept, what is your final forecast for second season of 2020 by considering both trend and seasonality?
Part c)
Slope = 0.4, intercept =2.8 for deseasonalized data, what is the absolute error of second season of 2018?
In: Operations Management
1.How did the marketing campaign for Hunger Games: Catching Fire mark a departure from a traditional marketing campaign for a movie? What was innovative about the marketing approach adopted by Lionsgate?
2. A good transmedia storytelling campaign should be persistent, pervasive, participatory, and personalized. Critically evaluate the campaign based on these elements.
3. Discuss why Lionsgate focused on engaging existing fans rather than attracting new customers to the movie. Do you agree with the decision to not focus on other segments like older customers or male customers?
4. Carefully review all the creative and media tactics used in the campaign. What did Lionsgate do well and what could have been done better?
5. To what extent can the transmedia storytelling approach be used for marketing non- entertainment products? What contextual factors would determine the applicability and effectiveness of this approach?
In: Operations Management
Why does scanning the external environment play such a significant role in strategic analysis? How do unexpected daily events warrant significant analysis, and how would you determine their significance? As a strategic analyst, how would you approach and be prepared for their inevitable occurrence? in 250-350 words
In: Operations Management
A schoolteacher was successful at teaching kindergarten for five years. She requested to teach first grade and was then reassigned to a classroom that had no exterior windows. She told the school principal that she suffered from seasonal affective disorder, a form of depression. She made numerous requests to be moved to a classroom with natural light, but the school refused to do so. She also presented the school district with a letter from her psychologist stating that her depression was being exacerbated by the lack of natural light. Another teacher who had been assigned to a classroom with exterior windows had offered to switch rooms. There was also one vacant room with exterior windows, but this room was being reserved for the possible addition of another class section. The woman’s health deteriorated. She suffered from significant inability to concentrate, organize her thoughts, retrieve words, make decisions, and focus on the needs of her students. She also experienced racing thoughts, panic attacks, uncontrollable crying, inability to eat, and thoughts of suicide. She went on medical leave. Eventually, she quit, went to work elsewhere, and sued. What should the court decide? Why? (Your analysis should include a discussion of an employer’s responsibilities under the ADA.)
In: Operations Management
Upon leaving a local steakhouse, vegan protesters outside, not realizing the irony, throw eggs at you for supporting the meat industry. This is an example of:
| 1. |
a legitimate expression under the 1st amendment |
|
| 2. |
battery |
|
| 3. |
assault |
|
| 4. |
negligence |
If a person commits fraud to induce you into signing a contract, you might also be able to get ___________ damages.
| 1. |
Special |
|
| 2. |
Consequential |
|
| 3. |
Punitive |
|
| 4. |
Liquidated |
|
| 5. |
Nominal |
You and your friends decide to race motorcycles. A little kid runs out into the road and you hit him, falling off of your motorcycle and breaking your leg. The kid gets up and laughs at you. The kid’s mom sues you for negligence. Will she win her lawsuit?
| 1. |
Yes, under strict liability doctrine |
|
| 2. |
Yes, you have a duty to the kid not to race on the street |
|
| 3. |
No, because you got hurt |
|
| 4. |
No, there are no damages |
When one party lacks capacity it makes the contract void.
True
False
You buy a bowling ball from the bowling Alley. As you’re taking it to the car it rips through the cardboard box it was packaged in and lands on your foot, breaking it. Can you successfully sue?
| 1. |
Yes, the bowling alley was negligent for selling heavy bowling balls |
|
| 2. |
No, you can only sue for unjust enrichment |
|
| 3. |
No, heavy bowling balls are a gravely known danger |
|
| 4. |
Yes, there was a defect in packaging |
In: Operations Management
Organizational behavior and opportunity Challenges for managers Personality, Perception and Attrition Attitudes, emotions and ethic Motivation at work Stress and Well being at work Communication Work teams and groups Decision making Power and political behavior Leadership and followership Jobs and the Design of Work Organizational Design and Structure summarize each topic in half page self reflection type answer
In: Operations Management
In: Operations Management
Eric needs all kinds of things for his business. He meets Mark at a ginger ale convention, and they decide to do business with one another. But, they are learning, and make some mistakes.... Assume the UCC governs the following questions (3) to (10). Eric needs bottles for his finished product, and Mark agrees that he can provide them. Eric needs 500 bottles, but they forget to agree on the PRICE of each bottle.
Question 6 and 7 go with question 8. Maybe that helps?
(6) Eric wanted emblazoned on each bottle the words "Eric's Ginger Ale" in red, white, and blue letters--and told Mark of this. Mark, not having those colors, changed his acceptance that the letters would simply be in black. Is this allowed under the UCC? How does this differ from the basic Contract Law "mirror image rule"?
In this case, As per 1302.18. (UCC 2-305), There will be a contract as this clause defines that if the prices are not fixed by the parties to the contract then the price of the product will be considered as a reasonable price on delivery. But when we talk about the common laws of the contract, if there is no price fixed for the contract, then this contract will be termed as void. In terms of UCC, this type of change in the offer is permitted as the UCC favors the formation of the contract however the terms of the offer will be dictated by the party which sends the last form of the offers. But in case of mirror image rule, no change in the offer is permitted if there are changes in the terms of the offer, then this will result in a violation of the contract.
(7) Same facts as #6, but assume Eric and Mark are BOTH merchants under the UCC. Is the fact that Mark changed the color to black still allowed? (waiting for this question to be answered).
(8) What if Eric--with Eric and Mark both merchants--SPECIFICALLY said no alterations, that the letters had to be red, white, and blue?
In: Operations Management
Eric needs all kinds of things for his business. He meets Mark at a ginger ale convention, and they decide to do business with one another. But, they are learning, and make some mistakes.... Assume the UCC governs the following questions (3) to (10). Eric needs bottles for his finished product, and Mark agrees that he can provide them. Eric needs 500 bottles, but they forget to agree on the PRICE of each bottle.
(6) Eric wanted emblazoned on each bottle the words "Eric's Ginger Ale" in red, white, and blue letters--and told Mark of this. Mark, not having those colors, changed his acceptance that the letters would simply be in black. Is this allowed under the UCC? How does this differ from the basic Contract Law "mirror image rule"?
In: Operations Management
Shoney Video Concepts produces a line of videodisc players to be linked to personal computers for video games. Videodiscs have much faster access time than tape. With such a computer/video link, the game becomes a very realistic experience. In a simple driving game where the joystick steers the vehicle, for example, rather than seeing computer graphics on the screen, the player is actually viewing a segment of a videodisc shot from a real moving vehicle. Depending on the action of the player (hitting a guard rail, for example), the disc moves virtually instantaneously to that segment and the player becomes part of an actual accident of real vehicles (staged, of course).
Shoney is trying to determine a production plan for the next 12 months. The main criterion for this plan is that the employment level is to be held constant over the period. Shoney is continuing in its R&D efforts to develop new applications and prefers not to cause any adverse feelings with the local workforce. For the same reason, all employees should put in full workweeks, even if this is not the lowest-cost alternative. The forecast for the next 12 months is
| MONTH | FORECAST DEMAND | MONTH | FORECAST DEMAND |
| January | 520 | July | 120 |
| February | 720 | August | 120 |
| March | 820 | September | 220 |
| April | 520 | October | 620 |
| May | 320 | November | 720 |
| June | 220 | December | 820 |
Manufacturing cost is $230 per set, equally divided between materials and labor. Inventory storage cost is $5 per month. A shortage of sets results in lost sales and is estimated to cost an overall $25 per unit short.
The inventory on hand at the beginning of the planning period is 230 units. Ten labor hours are required per videodisc player. The workday is eight hours.
Develop an aggregate production schedule for the year using a constant workforce. For simplicity, assume 23 working days each month except July, when the plant closes down for three weeks' vacation (leaving eight working days). Assume that total annual production capacity is greater than or equal to total annual demand (i.e., compute workforce level based on annual demand and annual capacity). (Leave no cells blank - be certain to enter "0" wherever required. Indicate monthly shortages using a negative ending inventory level. Round up the "number of workers" to the next whole number and round down your "monthly production rates" to the next lower whole number.)
| January | February | March | April | May | June | July | August | September | October | November | December | Total | |
| Forecast | 520 | 720 | 820 | 520 | 320 | 220 | 120 | 120 | 220 | 620 | 720 | 820 | |
| Beginning inventory | |||||||||||||
| Available production | |||||||||||||
| Ending inventory | |||||||||||||
| Costs | Total | ||||||||||||
| Lost sales | |||||||||||||
| Inventory | |||||||||||||
| Total | |||||||||||||
In: Operations Management
XYZ Manufacturing is negotiating an international deal with Car Parts of Belgium Inc. to provide car parts to them. The parts will be shipped from Canada to Belgium via freightliner ship.
In: Operations Management