For each of the following brief scenarios, indicate whether the HIGHEST ranking supervisor (in the scenario) acted in an appropriate manner and give reasons as to why or why not.

1. The purchasing manager for a firm had been bragging in the factory break room about the great deal that he got for the firm on some paper for the printing department of the organization. In the meantime, the manager of the printing department was discovering that the quality of the paper was inconsistent, and it was causing three times the normal amount of malfunctions of the printing equipment, resulting in extra labor usage and more than the usual waste of paper. The Vice-President of Production of this firm reviews the performance of each manager and support staff person at a group meeting of these people once every quarter. The Vice-President of Production, at the most recent meeting, praised the purchasing manager and criticized the manager of the printing department for their respective performances in keeping variances under control.

2. The Vice-President of Manufacturing at a major corporation recently issued a mandate that one unit per day from each assembly line in the organization must be pulled from the assembly line and subjected to destructive sampling to ensure the quality of all products being produced. The Paper Clip division produces 5,000 boxes of paper clips per day and gladly complied with the mandate. The Filing Cabinet division of the firm produces 15 filing cabinets per day. At this month's end-of-month review of division performance, the Vice-President criticized the Filing Cabinet division for the sudden 7% increase in materials and labor costs experienced and the sudden 6.5% drop in number of goods units of output from the amounts that the budget expected.

CASE STUDY ----->>> "Sweet Tooth Cupcake and Pastry House

Sweet Tooth has managed the company until now basically running on a single Excel spreadsheet to determine costs, payroll hasn’t been much of an issue because it has run with just the labor of its two original founders, and inventory has been managed by looking at the shelf to know how much is left.

Sales history has been difficult to maintain. The founders know how much money is coming in and how much is going out, but they don’t know which products have been the most successful in terms of profit or sales volume other than by gut feel.

The time for an expansion to a second location and hiring of staff has come. With this expansion there will be additional needs for inventory management, sales tracking by product, location, etc., and payroll tracking.

This application needs to provide support for the following:

1. Know what inventory (separate raw goods and finished products) is on hand at which location.
2. Which inventory needs to be restocked due to quantity and lifespan.
3. Know who has worked which shifts (basic scheduling) and how much they have earned.
4. Sales reports with profit margins indicated, including over time (i.e. by month, quarter, etc.)
5. Reports by quantity sold of items based on date so comparisons can be made to predict demand for holidays, etc.
6. Equipment inventory and maintenance records.
7. Take orders for large events online with customer information for confirmation."

Question

I am working as an analyst, i need to be familiar with the business case and identify 5 questions I need answered from each role within the business that isn’t evident from the case study.

Assume that Martinez Company has the following transactions in its first month of operations.

Martinez uses a perpetual inventory system.

Compute cost of goods sold and ending inventory at February 28, assuming that Martinez uses the LIFO cost flow assumption.

Perpetual Inventory Using LIFO

Beginning inventory, purchases, and sales for Item 88-HX are as follows:

Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of goods sold on Mar. 27 and (b) the inventory on Mar. 31.

1. policymakers, and politicians often argue that rising healthcare costs in the United States are bad, and use this to argue for policies to try to reduce prices. Using economics and the supply and demand framework:

   • Explain why you should not reason or make policy based on the fact that prices are rising/falling. (2 points)

   • Give two demand side and two supply side factors that might explain rising prices in the US (4 points)

Bruin Co. is growing quickly. Dividends are expected to grow at a rate of 25 percent for the next three years, with the growth rate falling of to a constant 5 percent thereafter. If the required return is 15 percent and the company just paid a $7.16 dividend, what is the share price at the end of supernormal growth (at Year 3)?

a. 146.84

b. 97.89

c. 75.18

d. 139.84

e. 93.23

Please show solutions using Excel

Review Questions

1. Why is it necessary to track all your expenditures if your goal is to spend less to avoid financial problems while in college?

2. What are the warning signs of someone sliding into financial trouble?

3. Name four tips that can help you from falling into credit card debt.

4. What are the key differences among scholarships, grants, student loans and work study programs?

A portable radio is sitting at the edge of a balcony 5.1 m above the ground. The unit is emitting sound uniformly in all directions. By accident, it falls from rest off the balcony and continues to play on the way down. A gardener is working in a flower bed directly below the falling unit. From the instant the unit begins to fall, how much time is required for the sound intensity level heard by the gardener to increase by 10.0 dB?

What would be the net annual cost of the following checking accounts?

a. Monthly fee, $3.75; processing fee, .35 cents per check. Checks written, an average of 14 a month.

b. Interest earnings of 4 percent with a $550 minimum balance; average monthly balance, $650; monthly service charge of $12 for falling below the minimum balance, which occurs three times a year (no interest earned in these months)