- A strip footing is founded on sand having strength parameters (Φ =40⁰ and c = 0 kPa). Dry and saturated unit weights of the soil are 17.8 and 21 kN/m³ respectively. The foundation is designed to to carry a load of 4.8MN/m at a Factor of safety against general shear failure of 3. The footing depth is 1.5 m and the water table is 5 m from the surface.
a) Determine the minimum footing width (m) to satisfy the design requirements (2 d.p). Show all working
b) Is water table affecting foundation support?
c) Is water table affecting foundation support? Verify your assumption. Use unit weight of water of 9.8 kN/m3.
In: Civil Engineering
| Early in the year, John Raymond founded Raymond Engineering Co. for the purpose of manufacturing a special flow control valve that he had designed. Shortly after year-end, the company’s accountant was injured in a skiing accident, and no year-end financial statements were prepared. However, the accountant had correctly determined the year-end inventories at the following amounts. | ||||||||||||||||||
| Ending Inventory | Beginning Inventory | |||||||||||||||||
| Materials | 46,000 | - | ||||||||||||||||
| Work in process | 31,500 | - | ||||||||||||||||
| Finished goods (3,000 units) | 88,500 | - | ||||||||||||||||
| As this was the first year of operations, there were no beginning inventories | ||||||||||||||||||
| While the accountant was in the hospital, Raymond improperly prepared the following income statement from the company's accounting records: | ||||||||||||||||||
| Net sales | 610,600 | |||||||||||||||||
| Cost of goods sold: | ||||||||||||||||||
| Purchases of direct materials | 181,000 | |||||||||||||||||
| Direct labor costs | 110,000 | |||||||||||||||||
| Manufacturing overhead | 170,000 | |||||||||||||||||
| Selling expenses | 70,600 | |||||||||||||||||
| Administrative expenses | 132,000 | |||||||||||||||||
| Total costs | 663,600 | |||||||||||||||||
| Net loss for year | (53,000) | |||||||||||||||||
| Raymond was very disappointed in these operating results. He stated, “Not only did we lose more than 50,000 this year, but look at our unit production costs. We sold 10,000 units this year at a cost of 663,600; that amounts to a cost of 66.36 per unit. I know some of our competitors are able to manufacture similar valves for about 35 per unit. I don’t need an accountant to know that this business is a failure.” | ||||||||||||||||||
| Instructions | ||||||||||||||||||
| If the company has earned any operating income, assume an income tax rate of 30 percent. (Omit earnings per share figures.) | ||||||||||||||||||
|
d. Explain whether you agree or disagree with Raymond’s remarks that the business is unprofitable and that its unit cost of production (66.36, according to Raymond) is much higher than that of competitors (around 35). If you disagree with Raymond, explain any errors or shortcomings in his analysis.
|
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In: Accounting
Sunkist, an internet company, founded at the beginning of the technology boom had problems developing the technological systems necessary to support its rapidly expanding user base. In addition, due to the rapid expansion in recent years, many of its systems had been added hastily, resulting in poor integration and eroding data integrity. As a result, the CEO of Sunkist announced an initiative to integrate all systems and increase the quality of internal data. In compliance with this initiative, Sunkist purchased an expensive and complex billing system called Gateway, which would automate the billing for thousands of Internet accounts via credit cards. During the integration, Gateway, in collaboration with Visa, created a phony credit card number that could be used by developers and programmers to test the functionality and integration of the Gateway system. Moreover, this credit card number was fully functional in “live” environments so testers and developers could ensure functionality without being required to use actual personal or company credit card numbers (the activity on this card was not monitored). The integration went smoothly; however, it created thousands of corrupt accounts that required fixing. Michael, the manager of the Operations Department, was responsible for the resolution of all data integrity issues. His team was tasked with fixing all corrupt accounts created by the launch and integration of the Gateway system. As a result, Michael was given the phony credit card number, which was kept on a Post-it Note in his drawer. One of the top performers on the Operations team was a 25-year-old male name Robert. Robert had worked in Operations for over a year and was making $15 per hour, the same salary at which he was hired. He wan an introvert working to support a young family and put himself through school. Robert was the most technologically savvy individual on the team, and his overall systems knowledge even exceeded that of his manager, Michael. Robert was very brilliant in creating more efficient tools and methods to repair corrupt accounts. Therefore, Robert was tasked with conducting training for new employees and updating team members on new processes and tools that he had created. As a result, Robert quickly became a trusted and valuable team member, thus Michael gave him and other team members the phony credit card number in order to further increase the productivity of the team. However, after six months of working at Sunkist, Robert received an official reprimand from the company for using the company system to access Web sites containing pirated software and music. The FBI attended the investigation and determined that Robert had not been a major player in the piracy. Therefore, Robert was quietly warned and placed on a short-term probation. Michael was asked to write a warning letter for the action; however, after a brief conversation with Robert, Michael determined that Robert’s intentions were good and never officially submitted the letter because Robert was a trusted employee and elevated the overall performance of the team. A few months after the piracy incident, Michael noticed some changes in Robert’s behavior such as (a) his computer monitor was repositioned so that his screen was not visible to other co-workers, (b) he had almost all the latest technological innovations, (c) he was going out to lunch more frequently, and (d) he frequently used multiple fake usernames and passwords for testing purposes. Questions: 1. Evaluate this case using the three elements of the fraud triangle to identify the following: a. Potential pressures for Robert to commit fraud. b. Potential opportunities for Robert to commit fraud. c. Potential rationalizations that Robert could use to commit fraud. 2. What are some of the symptoms that fraud potentially exists in this situation? 3. What could Michael have done to eliminate some of the opportunities for fraud?
In: Accounting
Procter and Gamble a Model of Innovative Outsourcing
Founded in 1837 by William Procter and James Gamble, the Procter
and Gamble Company, or P&G as it is often called today,
introduced many of the staples of American consumer culture,
including Ivory soap, Gillette razors, Tide laundry detergent,
Crest toothpaste, Tampax feminine hygiene products, and Pampers
diapers—products that have changed people’s lives. Today, P&G
sells its products in over 180 countries to five billion
people—more than 70 percent of the world’s population.
During the 1990s, P&G experienced rapid global growth.
Responding to the need to service internal corporate clients around
the world, the company’s Global Business Service (GBS) estab-
lished three Shared Service Centers in Costa Rica, the Philippines,
and England. The centers stan- dardized the way certain services
were delivered to P&G business units. The transformation
enabled P&G to eliminate redundant activities, streamline
internal services, better support multiple business units, and
improve the quality and speed of service.
Standardization of services also allowed P&G to develop a major
outsourcing program. After A.G. Lafley became CEO in 2000, he and
other company executives decided that P&G needed to abandon the
conventional in-house services model and partner with outsourced
service providers who could drive down costs and help the company
promote innovation.
In 2003, P&G’s GBS took what seemed to be a major leap of
faith, awarding $4.2 billion worth of outsourcing contracts to
support its IT infrastructure, finance and accounting, human
resources, and facilities management operations. P&G turned to
IBM for employee services; Jones Lang LaSalle for facilities
management; and HP for IT applications, infrastructure, and some
accounts payable functions. These companies each took on a portion
of P&G employees and responsibility for some of the Shared
Service Centers.For example, Jones Lang LaSalle took over facility
management services such as building operations, mail delivery,
security, car fleet operations, and dining. It also handled
strategic occu- pancy services, tracking occupancy costs, and
project management. Jones Lang LaSalle oversaw a $70 million annual
capital budget and bore the responsibility for the delivery of 1000
projects at 165 sites in 60 different countries—including the
construction of an office building in China and a new headquarters
for P&G’s Russian operations in Moscow.
Over time, the number of P&G’s strategic outsourcing partners
grew and each relationship was handled a little differently. In
2010, GBS decided to launch a smart outsourcing strategy called
strategic alliance management to maximize the benefits gained by
its outsourcing contracts. Gleaned from best practices refined over
the previous years, this program (1) adopted a joint business
planning process with outsourcing partners, (2) established
appropriate measures to assess progress, and (3) developed an
Alliance Management platform that brought together all the data,
people, reports, and communications for each outsourcing
partnership.
The joint business planning process involves employees from both
GBS and the outsourcing service provider who come together to set
targets. Specifically, the team identifies base measures (e.g.,
performance or revenue) with targets and then creates a list of
projects and initiatives to help meet those targets. The team
brainstorms innovative goals and “wicked problems”—problems that
are likely to impact business performance.
To assess projects, GBS also adopted standard service-level
agreement (SLA) measures that track performance both at the
granular and aggregate levels. Aggregate level measures, for exam-
ple, might include rating customer satisfaction.
Finally, GBS designed and developed an Alliance Management
platform, a shared online space where team members could access
data, people, performance reports, service-level mea- sures,
training news, the joint business plan, an integrated alliance
calendar, and any document specific to the relationship with a
partner. GBS ensures accountability by assigning key roles for
overseeing the management of each outsourcing relationship,
including an executive sponsor, a relationship manager, a deal
manager, a transition manager, and an alliance architect (to over-
see the governance of the outsource agreement). This strategic
alliance management process allows P&G to recognize and reward
good performance through renewal decisions at the end of the
relationship agreement and by offering contracts for new
initiatives to the outsourcing partner.
For example, Accenture helped P&G develop the Decision Cockpit,
an online portal through which global teams could share and analyze
data in real time. Accenture had the knowledge and experience to
scale the system, giving P&G greater agility. Furthermore,
through the joint planning team, the two companies reduced the
number of daily and monthly reports that some managers were
required to review from 370 to 30. The innovation reduced
management costs by 50 percent for some business units and saved
over 400 miles of paper annually.
As a result of the success of this and other joint projects,
P&G looked to Accenture to help consolidate and enhance the
company’s virtual solutions. P&G’s virtual reality centers are
used to create and test shelving, packaging, and in-store design.
“In the past,” explains GBS’s Director of Business Intelligence
Patrick Kern, “a test group of consumers would go into a physical
space we configured like a grocery store to go on a shopping
experience. Watching their behavior in store and conducting a focus
group after, we’d learn why they chose what they chose and how
packaging and shelf position impacted their buying decision. You
can imagine how expensive it is to put up these stores, from
setting up shelves for different configurations to getting all the
product there.”
The virtual solutions substantially reduced cost; however, P&G
noticed that service delivery was highly fragmented as different
outsource partners implemented the virtual solutions. So, P&G
awarded Accenture a multiyear contract to manage all of P&G’s
virtual solutions content delivery, freeing up P&G to focus on
other areas of innovation. As a result of this long-term successful
col- laboration, the Outsourcing Center—an online repository of
white papers, articles, Webinars, market intelligence, and news on
outsourcing—awarded P&G and Accenture the Outstanding
Excellence Award in the Most Innovative category in 2013.
That said, P&G’s decision to outsource GBS initiatives cost
thousands of Americans their jobs, white collar jobs that until the
turn of the twentieth century had remained in the United States.
P&G, along with IBM and Microsoft, led the pack in outsourcing
U.S. jobs to India and other countries that were home to a
workforce with sufficient technological expertise and
English-language skills. However, in 2013, reports were leaked
indicating that P&G was planning to “backsource”—or bring back
in-house—some of the IT work it had been outsourcing. Some analysts
argued that P&G was succumbing to pressure, like General
Motors, to repatriate jobs and boost employment in the United
States. Others argued that P&G was seeking to gain control over
crucial IT functions that impacted its competitive positioning in
the market.
Yet, even if P&G backsources some of its IT functions, it still
remains deeply committed to out- sourcing. By deeply involving its
outsourcing partners in every stage of its projects, P&G
promotes what they call a “win-win” strategy. Today, many analysts
view Procter and Gamble as a model of successful outsourcing
strategy.
1. How does P&G’s strategic alliance management system help it avoid the pitfalls of outsour- cing? What risks does the system not address
In: Operations Management
Electric Generator Corporation
The Electric Generator Corporation was founded in the early 1970s to develop and market electrical products for industrial and commercial markets. Recently, the company has developed a new electric generator, the EGI, with a revolutionary design. Although its initial cost is $2,000 higher than any competing generator, reduced maintenance costs will offset the higher purchase price within 18 months. The Electric Generator sales force has been instructed to concentrate all effort on selling this new generator, as the company believes it has a sales potential of $500 million.
Sandy Hart, the company's South Texas salesperson, has as her main customer the E. H. Zachary Construction Company of San Antonio, which is the largest nonunion construction firm in the world. Because of the importance of potential Zachary purchases of the EGI (estimated at $1 million), Sandy's boss asks her to take two days off and develop a plan for contacting and selling to Zachary. Monday morning, she is expected at the Houston regional sales office to present this plan to her boss, the regional sales manager, and the divisional sales manager. These two people will critique the presentation, and then the four of them will finalize a sales plan that Sandy will present to Zachary's buying committee.
Questions
1-What could Sandy have done differently?
2- What do you think about the current price?
In: Operations Management
Nike was founded in 1964 by Bill Bowerman and Phil Knight in Beaverton, Oregon. It began as Blue Ribbon Sports (BRS). In 1972, BRS introduced a new brand of athletic footwear called Nike, named for the Greek winged goddess of victory.
The company employs 26,000 staff around the world with revenues in fiscal year 2005 of $13.7 billion. It has facilities in Oregon, Tennessee, North Carolina, and the Netherlands with more than 200 factory stores, a dozen Nike women stores, and more than 100 sales and administrative offices.
Its subsidiaries include Cole Haan Holdings, Inc., Bauer Nike Hockey, Hurley International LLC, Nike IHM, Inc., Converse Inc., and Execter Brands Group LLC. As of May 31, 2004, manufacturing plants included Nike brand, with 137 factories in the Americas (including the United States), 104 in EMEA, 252 in North Asia, and 238 in South Asia, providing more than 650,000 jobs to local communities.
Objective
Nike grew from a sneaker manufacturer in the early 1970s to a global company selling a large number of products throughout the world. Nike’s sneaker supply chain was historically highly centralized. The product designs, factory contracts, and delivery are managed through the headquarters in Beaverton, Oregon. By 1998, there were 27 different and highly customized order management systems that did not talk well to the home office in Beaverton, Oregon. At that time Nike decided to purchase and implement a single-instance ERP system along with supply chain and customer relationship management systems to control the nine-month manufacturing cycle better, with the goal being to cut it down to six months.
Plan
The company developed a business plan to implement the systems over a six-year period, with multiple ERP rollouts over that time. The plan called for the implementation of the demand planning system first while working through the ERP system and supply chain implementation.
Implementation
The demand planning system was implemented first for reasons that made a lot of sense. The total number of users was small in comparison to the ERP system and was thought to be relatively easy to implement; however, this turned out not to be the case. When the system went live, there were a number of problems related to the software, response time, and data. In addition, training was not adequately addressed, causing the relatively small number of end users to use the system ineffectively. The single-instance ERP system and supply chain implementation plan differed from the demand planning system and called instead for a phased rollout over a number of years.
The ERP system implementation went much more smoothly. Nike started in 2000 with the implementation of the Canadian region, a relatively small one, and ended with the Asia-Pacific and Latin America regions in 2006, with the United States and Europe, Middle East, and Africa in 2002. This included implementing a single instance of the system, with the exception of Asia-Pacific, and training more than 6,300 users.
The total cost of the project as of 2006 was at $500 million—about $100 million more than the original project budget.
Conclusion: What was Learned?
The demand planning system interfacing to legacy data from a large number of systems that already did not talk well with each other was a root cause for misinformation and resulted in inadequate supply planning.
The demand planning system was complex, and end users were not trained well enough to use the system effectively.
System testing was not well planned and “real” enough to find issues with legacy system interfaces.
The overall business plan for all the systems and reasons for taking on such a highly complex implementation were well understood throughout the company. Thus, Nike had exceptional “buy-in” for the project and was able to make adjustment in its demand planning system and continue with the implementation. The goal was to ensure business goals were achieved through the implementation, and not so much to get the systems up and running.
Nike exhibited patience in the implementation and learned from mistakes made early in the process.
Training was substantially increased for the ERP implementation. Customer service representatives received 140–180 hours of training from Nike, and users were locked out of the system until they completed the full training course.
Business process reengineering was used effectively to clarify performance-based goals for the implementation.
Case Questions
1. How could OPM3 have helped to identify the problems with implementing the demand planning system?
2. What were the three primary reasons Nike was successful with the ongoing ERP implementation?
3. Why was a phased rollout the correct decision for Nike?
In: Operations Management
Fiat
Fiat is an Italian car manufacturer based in Italy. The company was
founded in 1899, and has grown to become the world's ninth largest
car maker, and the largest in Italy. The company is best known for
producing small, economical family cars. Fiat designed cars are
manufactured worldwide, and the company has factories in Brazil,
Poland and Argentina, and has licensing agreements with many other
countries, including Russia, India, Pakistan and China. The company
has tended to buy out its component suppliers and also minimized
the number of suppliers it deals with. This creates greater
security of supply and reduces costs, in some cases
dramatically.
The Products Although Fiat has a reputation for small, cheap cars,
the company has won the prestigious European Car of the Year Award
12 times in 40 years, more often than any other manufacturer. Fiat
has also made a major breakthrough in its engine technology,
developing an engine (the Fiat 500 model) that has the lowest
emissions in the world. In addition, the car is extremely
economical to run
Emerging Markets Fiat has made a decision to focus on emerging
countries. Since cars sold in these countries need to be simple to
maintain and operate, they tend to have fewer features (e.g. often
do not have air-conditioning), so Fiat is well-placed to exploit
these opportunities. Re-engineering the cars to have fewer features
is obviously a great deal cheaper than adding features, so
development costs can be minimized.
Promotion on Communications Fiat has concluded an agreement with
the British School of Motoring (BSM), which is the UK's largest
driving school. BSM uses Fiats for teaching people to drive, and in
exchange Fiat provides the cars at a heavily discounted rate, and
also offers special deals for graduates of BSM. Fiat's website
emphasizes the 'fun' aspects of driving a Fiat. The company
believes that Italians have a fun-loving approach to life, and that
this is reflected in the design and performance of the cars.
During 2009, the car scrappage scheme adopted throughout Europe (by
which governments subsidized the replacement of old cars with new
ones in order to stimulate the economy) provided a major boost to
Fiat, at a time when the worldwide recession was damaging sales.
However, Fiat faces a number of challenges in the next few years.
The relative strength of the euro has eroded the firm's competitive
price advantage, the rising price of steel worldwide has raised
costs, and the entry of
Japanese and Korean manufacturers into Europe has increased
competition in Fiat's traditional markets.
The Future As people become more environmentally aware, and as
governments worldwide look to bring in legislation to reduce
greenhouse gases, Fiat is well placed, with its fuel efficient,
cheap-to-run, economical cars. In addition, Fiat's expertise in
creating engines that can run on alternative fuels also gives the
company an advantage over competitors.
1-Conduct SWOT analysis for Fiat?
2-Discuss the factors Fiat should consider before deciding the price of their cars?
3-Produce 2 objectives for Fiat in 2012?
4- Recommend How Fiat should coordinate its marketing mix in order to maintain its competitive position during an economic recession?
5-Discuss 2 promotional techniques that Fiat can use to promote its cars?
In: Finance
Do you think that the United States is tolerant of “difference?” Our country was founded on the concept of religious tolerance, but...Wikipedia defines religious intolerance as:
Religious intolerance, rather, is when a group (e.g., a society, religious group, non-religious group) specifically refuses to tolerate practices, persons or beliefs on religious grounds (i.e., intolerance in practice).
What do you think? Are there some cultures more tolerant/less tolerant?
Are the U.S. experiences any different than that of other cultures? Frame your discussion within the context of the sociological perspectives.
In: Psychology
Yogurt Yak (YY) was founded in the basement of Mary Seldon’s home in Ottawa in 2018. Mary was between jobs trying to keep costs down when she created the first batch of Yogurt that became the winning formula for YY. Albert Water, a friend of Mary, dropped by to help Mary move to an apartment and was treated to a taste of the yogurt. The product was an instant success leading to a highly profitable business. The success of YYs yogurts was due to the natural ingredients used in production. Many other manufactures included gelatin, colouring and chemical additives that customers did not want in their food. The yogurt also had an amazing taste that was recognized in multiple food awards. The company was small and hired all local employees. By January 2020 YY had 150 employees. Mary and Albert started thinking about expanding the product line to include three cheeses and a cheese bread. The cheeses and bread had already been market tested and won awards in Europe in food contests.
You have been hired to build the HR department. When you met with the Mary and Albert you were told the following:
We hired quickly and paid employees the going rate at the time for similar jobs in similar nearby companies.
o For all 140 food employees working on the production line and shipping the pay is minimum wage $14.00/hour. Approximately $26,000/year to $30,000/year depending on number of days and hours worked.
o Eight employees are in management all receiving the same pay of $60,000/year
o We pay ourselves (Mary and Albert) $80,000 each plus we own 100 per cent of the company shares. Our aim to put as much of the company profits back into the company growth.
We have dental, vision and pharmaceutical benefits where the employee is covered for 80 per cent of their costs with dollar limits for each on the maximum coverage.
Vacation time is the amount legislated by the Ontario government – no more.
There have been no pay increases and no performance evaluations since the company was started because the growth has been fast. Nothing is written down. When there is an issue Albert or Mary talk to the employee and that has worked.
There is no official HR department – up to now Albert did everything and he admitted that he could have done more but he did not have the time.
You ask to see the HR employee files and were told the only information they have is in one file that has each employee’s pay information and nothing else.
There is an issue with employee absenteeism and turnover – this Mary believes is impacting the company financially and in terms of quality and growth opportunities. Some employees are leaving going to other local companies. Mary and Albert don’t know why but they are guessing it has something to do with how they are dealing with HR and this has spurred them to hire you.
There are some health and safety measures in place.
Both Mary and Albert are reluctant to outsource the HR designing and management so instead they hired you. They understand some HR activities maybe better outsourced but you will have to limit and make a case to them for any outsourcing. 4 The reason they don’t want to outsource is they believe HR is critical to the success and growth of the company so they want a say in how HR is designed and managed. By outsourcing they feel they would have less input.
-There is no union yet.
Question: Explain how you would integrate HR ideas as covered in class/the course into the organization. Step by step how would you do it (i.e. outline the steps with explanation) and what would you do and why. There will be three HR employees, that you will need to hire, as well as you as the Director of HR. With justification you can change or establish any organizational HR elements (e.g. compensation, benefits, hiring, selection, performance manage etc.). The goal is to make HR complement and support the growth and success of the company going forward and to fit the company’s strategic plan. Recognize that currently YY has next to no HR elements/policies/procedures in place other than the hiring and paying of employees. Even how the hiring was done is unclear since the person who did most of the hiring has left YY.
In: Operations Management
Assume that we want to construct a confidence interval. Do one of the following, as appropriate: (a) find the critical value t Subscript alpha divided by 2, (b) find the critical value z Subscript alpha divided by 2, or (c) state that neither the normal distribution nor the t distribution applies. Here are summary statistics for randomly selected weights of newborn girls: nequals290, x overbarequals31.9 hg, sequals6.1 hg. The confidence level is 90%. Thank you in advance!
In: Statistics and Probability