Start with the partial model in the file attached. Marvel Pence, CEO of Marvel’s Renovations, a custom building and repair company, is preparing documentation for a line of credit request from his commercial banker. Among the required documents is a detailed sales forecast for parts of 2020 and 2021:
Sales Labor and Raw Materials
May, 2020 $75,000 $80,000
June, 2020 $115,000 $75,000
July, 2020 $145,000 $105,000
August, 2020 $125,000 $85,000
September, 2020 $120,000 $65,000
October, 2020 $95,000 $70,000
November, 2020 $75,000 $30,000
December, 2020 $55,000 $35,000
January, 2021 $45,000 N/A
c. If its customers began to pay late, this would slow down collections and thus increase the required loan amount. Also, if sales dropped off, this would have an effect on the required loan amount. Perform a sensitivity analysis that shows the effects of these two factors on the maximum loan requirement.
In: Accounting
Discuss the strategies that a programmer can use for deciding when to air a new television show. Use any relevant examples if suitable in media studies
In: Economics
In: Operations Management
identify the factor that determines the returns to innovation and evaluate the potential for innovation to establish a competitive advantage
In: Operations Management
Provision 6: “The nurse participates in establishing, maintaining, and improving health care environments and conditions of employment conducive to the provision of quality health care and consistent with the values of the profession through individual and collective action.”
Provision 7: “The nurse participates in the advancement of the profession through contributions to practice, education, administration, and knowledge development.”
In: Nursing
4. A monopolist faces a linear demand for its product and has a flat marginal and average cost of production. An innovation lowers the cost of production by $1 per unit. Use the graph to show the profit-maximizing monopolist’s choice and the changes due to the innovations. a. How much will the price change as the result of the innovation? b. How much will profit per unit change as the result of the innovation? c. Summarize: who benefits from the innovation? Explain in 2-3 sentences.
In: Economics
Q2 – How can innovation and entrepreneurship influence a company’s business strategy? Meaning of the Question – Again, the question deals with the business strategy perspective that demonstrates the operational aspects of the organization and how innovation and entrepreneurship can determine the approach that is taken on a daily basis. You need to understand innovation and entrepreneurship characteristics utilized in operations and its relationship to strategic management. Many concepts and terms are related to innovation and entrepreneurship that deal with external and internal analysis, formulation, and implementation.
In: Operations Management
Please explain what frugal innovation is in your own words.
Q 2: What does Navi Radjou believe for sustainable growth and prosperity in the West?
Q 3: What are the two examples of frugal innovations about growth and prosperity that N. Radjou explains?
Q 4:According to Navi Radjou how do you go about adopting frugal innovation?
Q.5. What differentiates frugal innovation from other innovation types?
In: Operations Management
HighTech Industries (HTI) is a worldwide manufacturing company that specializes in high technology products for the aerospace, automotive and plastics industries. The state of the art technology and business innovation have been key to HTI's success over the last ten years. After a meeting of the board of directors, there was some feeling that the company was moving away from its goal of striving to maintain and expand their global position through innovative management teams.
One area of concern was with the company's bonus compensation package. The company's current bonus plan focuses on giving reward based on the utilization of capital within the company, i.e. management of inventory, collection of receivables and use of physical assets. Even with such a state of the art bonus plan, the board of directors are concerned with the short-term focus of the compensation package. HTI's basis in current financial practices suggests that the future period consequences of managerial actions will not be reflected when presenting bonus compensation.
Required:
Help HTI solve the problem of its current bonus compensation package. Explain how this bonus compensation package should be revised, if necessary.
In: Accounting
Digital Business Incorporated (DBI) is a worldwide manufacturing company that specializes in high technology products for the aerospace, automotive, and plastics industries. State-of-the-art technology and business innovation have been key to the firm’s success over the last several years. DBI has 10 manufacturing plants in six foreign countries. Its products are sold worldwide through sales representatives and sales offices in 23 countries. Performance information from these plants and offices is received weekly and is summarized monthly at the Toronto headquarters.
The company’s current bonus compensation plan focuses on giving rewards based on the utilization of capital within the company (i.e., management of inventory, collection of receivables, and use of physical assets). The board of directors is concerned, however, with the short-term focus of this plan.
Some employees believe that the company’s current compensation plan does not reflect its stated goals of maintaining and enhancing its global position through innovative products.
Required: Develop a bonus package that considers DBI’s strategic goals and the global environment in which it operates.
In: Operations Management