lululemon athletica, Inc. in 2020: How to Respond to the COVID-19 Pandemic?

It is April 17, 2020, and the Board of Directors of lululemon athletica, Inc. has employed you as a crisis consultant to assess the company’s overall situation during the COVID-19 Pandemic and recommend a set of specific, measurable and rapid actions for the company to take to quickly restore the company to health and outstanding performance. Please prepare a report to lululemon’s board of directors that makes a list of action recommendations that the company needs to follow into order to put the company back on track in Fiscal 2021.

As of April 17, 2020, the Chief Financial Officer for lululemon has just resigned, and is leaving the company on May 8, 2020. Further, the company’s physical stores in North America, Europe, Australia, New Zealand and Malaysia are currently closed. Writing to the company’s stakeholders worldwide, Chief Executive Officer Calvin McDonald had the following to say:

The impact of Covid-19 is difficult to process as we navigate the uncertainty of the situation on a daily basis. People are the heart of lululemon, and through this period, we are committed to doing right by our teams, guests, and global communities.

Your assignment as the company’s crisis consultant is to make recommendations to ensure the success of lululemon through the crisis and to restore the company to physical and financial soundness in Fiscal 2021.
Question:
Your report should be prepared as a three page Executive Summary of Recommendations. Your recommendations should be specific and be clearly supported by your analysis of the company’s financial situation. You may supplement your 3-page summary with an appendix that contains (a) an analysis of the company’s financial statements and/or pro-forma financial projections and (b) other appendices that you consider appropriate. You may also include a table of References to sources that you use in your Executive Summary.

Notes:

• Three pages MAXIMUM for your Executive Summary of Recommendations. This three-page maximum does not include any Appendices or the Reference list.

• It is required that you cite your sources in your recommendations and provide a reference list in your appendices.

• Please use the Executive Summary template that is provided to make your report.

(Example of how to do):

Company Name> Executive Summary

Recommendations:

1.

2.

3.

Appendix

Appendix

References:

Oscar Tame is the CEO of AnyDoppler Inc. His company manufactures ultra-thin speaker pads. Each pad has a wire that can connect to an iPod. The pad can be placed on any surface (e.g. wall, table or window) and utilizes the material properties of the surface to turn it into a speaker that transmits sound when activated. Oscar hired a plant manager, Sybil Vain, to oversee factory operations. He pays her an annual salary of $100,000. Factory rent amounts to $30,000 per year. During the year, Sybil purchased $500,000 worth of factory capital assets. There are 25 assembly line workers who work 8 hours a day, for 4 days a week, for 50 weeks a year at $30 per hour. The factory has a high-tech inventory system that is able to trace raw materials to each finished good accurately and inexpensively. During the year, the factory used $350,000 worth of raw materials to produce the speaker pads. Depreciation of the factory equipment amounted to $15,000 and factory electricity expenses amounted to $10,000. At the beginning of the year, Oscar purchased three company cars for the sales team. Each car cost the company $45,000. The depreciation on these cars amounted to $5,000 for the year. During the year, Oscar spent $400,000 on marketing campaigns. Oscar was paid $200,000 for the year and paid his receptionist $45,000 per year.

a) Calculate AnyDoppler’s product and period costs. Explain your reasons for identifying costs as either product or period costs.

b) Calculate AnyDoppler’s direct costs and indirect manufacturing costs. Provide explanations.

The following data set shows the entrance exam score​ (Verbal GMAT) for each of eight MBA students along with his or her grade point average​ (GPA) upon graduation. Calculate the slope and​ y-intercept for the linear regression equation for these data.

Calculate the slope and​ y-intercept for the linear regression equation for these data

GMAT   GPA
310   3.6
300   2.9
260   3.1
290   3.1
340   3.9
270   3.1
290   3.7
310   3.1

********NEEDS TO BE IN EASSAY TYPE FORMAT AND NO MORE THAN 500 WORDS !!! i will give a thumbs up... also no plagerism we submit this through a database!!!!********* Develop an essay response of no more than 500 words to the following: (1) Concept of balancing the "me" with the "we;" (2) Ways self-leadership can be applied to personal problems, and thus personal development; (3) Why should a MBA student be concerned with these topics? (4) How does the outcome of your self-assessment relate to these topics?

Children’s Hospital of the King’s Daughters Health System in Norfolk, Virginia introduced a new budgeting method that allowed the hospital’s annual plan to be updated for changes in operating plans. For example, if the budget was based on 400 patient days (number of patients × number of days in the hospital) and the actual count rose to 450 patient days, the variable costs of staffing, lab work, and medication costs could be adjusted to reflect this change. The budget manager stated, “I work with hospital directors to turn data into meaningful information and effect change before the month ends.”

Please provide an original response of at least 400 word response

1. What budget methods are being used under the new approach?
2. Why are these methods superior to the former approaches?
3. Discuss the budget methods used in your current/future company.

Assume you live in a mid-size city in United states, in the State of Texas. You are starting a healthy energy drink company. Targeting the fitness community in your area. Assume you are currently outsourcing your beverage but with time you want to manufacture your beverage in the United States. Your focus for this question will be on manufacturing: Describe how you willmanufacture your product (machines, labor, robotics, etc.). What type of manufacturing process layout will you use and why? Keep in mind that you will most likely utilize just-in-time (JIT) to the extent possible. Also recall the process of manufacture you chose, namely, continuous process, flow shop, cellular, job shop, project, or a hybrid (combination of two or more of the former). Please answer all the questions. Thank you in advance

Early in its fiscal year ending December 31, 2018, San Antonio Outfitters finalized plans to expand operations. The first stage was completed on March 28 with the purchase of a tract of land on the outskirts of the city. The land and existing building were purchased for $1,100,000. San Antonio paid $350,000 and signed a noninterest-bearing note requiring the company to pay the remaining $750,000 on March 28, 2020. An interest rate of 8% properly reflects the time value of money for this type of loan agreement. Title search, insurance, and other closing costs totaling $35,000 were paid at closing.

During April, the old building was demolished at a cost of $85,000, and an additional $65,000 was paid to clear and grade the land. Construction of a new building began on May 1 and was completed on October 29. Construction expenditures were as follows: (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)

May 1 $ 3,450,000 July 30 2,250,000

September 1 1,800,000

October 1 2,700,000

San Antonio borrowed $5,700,000 at 8% on May 1 to help finance construction. This loan, plus interest, will be paid in 2019. The company also had the following debt outstanding throughout 2018:

$3,500,000, 9% long-term note payable

$5,500,000, 6% long-term bonds payable

In November, the company purchased 10 identical pieces of equipment and office furniture and fixtures for a lump-sum price of $750,000. The fair values of the equipment and the furniture and fixtures were $595,000 and $255,000, respectively. In December, San Antonio paid a contractor $360,000 for the construction of parking lots and for landscaping.

Required: Determine the initial values of the various assets that San Antonio acquired or constructed during 2018. The company uses the specific interest method to determine the amount of interest capitalized on the building construction.  How much interest expense will San Antonio report in its 2018 income statement?

Early in its fiscal year ending December 31, 2018, San Antonio Outfitters finalized plans to expand operations. The first stage was completed on March 28 with the purchase of a tract of land on the outskirts of the city. The land and existing building were purchased for $1,200,000. San Antonio paid $400,000 and signed a noninterest-bearing note requiring the company to pay the remaining $800,000 on March 28, 2020. An interest rate of 9% properly reflects the time value of money for this type of loan agreement. Title search, insurance, and other closing costs totaling $40,000 were paid at closing.
   
During April, the old building was demolished at a cost of $90,000, and an additional $70,000 was paid to clear and grade the land. Construction of a new building began on May 1 and was completed on October 29. Construction expenditures were as follows: (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)

San Antonio borrowed $6,700,000 at 9% on May 1 to help finance construction. This loan, plus interest, will be paid in 2019. The company also had the following debt outstanding throughout 2018:

In November, the company purchased 10 identical pieces of equipment and office furniture and fixtures for a lump-sum price of $800,000. The fair values of the equipment and the furniture and fixtures were $675,000 and $225,000, respectively. In December, San Antonio paid a contractor $385,000 for the construction of parking lots and for landscaping.
  
Required:
1. Determine the initial values of the various assets that San Antonio acquired or constructed during 2018. The company uses the specific interest method to determine the amount of interest capitalized on the building construction.
2. How much interest expense will San Antonio report in its 2018 income statement?

arly in its fiscal year ending December 31, 2018, San Antonio Outfitters finalized plans to expand operations. The first stage was completed on March 28 with the purchase of a tract of land on the outskirts of the city. The land and existing building were purchased for $1,200,000. San Antonio paid $400,000 and signed a noninterest-bearing note requiring the company to pay the remaining $800,000 on March 28, 2020. An interest rate of 9% properly reflects the time value of money for this type of loan agreement. Title search, insurance, and other closing costs totaling $40,000 were paid at closing.
   
During April, the old building was demolished at a cost of $90,000, and an additional $70,000 was paid to clear and grade the land. Construction of a new building began on May 1 and was completed on October 29. Construction expenditures were as follows: (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)

San Antonio borrowed $6,700,000 at 9% on May 1 to help finance construction. This loan, plus interest, will be paid in 2019. The company also had the following debt outstanding throughout 2018:

In November, the company purchased 10 identical pieces of equipment and office furniture and fixtures for a lump-sum price of $800,000. The fair values of the equipment and the furniture and fixtures were $675,000 and $225,000, respectively. In December, San Antonio paid a contractor $385,000 for the construction of parking lots and for landscaping.
  
Required:
1. Determine the initial values of the various assets that San Antonio acquired or constructed during 2018. The company uses the specific interest method to determine the amount of interest capitalized on the building construction.
2. How much interest expense will San Antonio report in its 2018 income statement?
  

Early in its fiscal year ending December 31, 2018, San Antonio Outfitters finalized plans to expand operations. The first stage was completed on March 28 with the purchase of a tract of land on the outskirts of the city. The land and existing building were purchased for $820,000. San Antonio paid $210,000 and signed a noninterest-bearing note requiring the company to pay the remaining $610,000 on March 28, 2020. An interest rate of 6% properly reflects the time value of money for this type of loan agreement. Title search, insurance, and other closing costs totaling $21,000 were paid at closing.
   
During April, the old building was demolished at a cost of $71,000, and an additional $51,000 was paid to clear and grade the land. Construction of a new building began on May 1 and was completed on October 29. Construction expenditures were as follows: (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)

San Antonio borrowed $3,000,000 at 6% on May 1 to help finance construction. This loan, plus interest, will be paid in 2019. The company also had the following debt outstanding throughout 2018:

In November, the company purchased 10 identical pieces of equipment and office furniture and fixtures for a lump-sum price of $610,000. The fair values of the equipment and the furniture and fixtures were $426,000 and $284,000, respectively. In December, San Antonio paid a contractor $290,000 for the construction of parking lots and for landscaping.
  
Required:
1. Determine the initial values of the various assets that San Antonio acquired or constructed during 2018. The company uses the specific interest method to determine the amount of interest capitalized on the building construction.
2. How much interest expense will San Antonio report in its 2018 income statement?