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 listed below within the business that isn't evident from the case study.

BUSINESS ROLES INCLUDE :

BAKERY MANAGER

SUPERVISOR

SALES EXECUTIVE

INVENTORY/PROCUREMENT OFFICER

CASHIER

The average cholesterol level in the general US population is 189 mg/dL. A researcher wants to see if the average cholesterol for men in the US is different from 189 mg/dL. She takes a sample of 81 American males and finds a sample mean of 194 mg/dL and a sample standard deviation of 10.4.

Create a 90% confidence interval for the true average cholesterol level of the general US male population.
What is the 90% confidence interval?

What is the correct interpretation of the confidence interval?

Are the assumptions met?

Conduct a hypothesis test at the 0.10 significance level to test the researcher’s question.
What are the hypotheses?

What is the significance level? A. 0.01B. 0.04 C. 0.05 D. 0.10
What is the value of the test statistic?

What is the p-value?

Let us consider a 100-micron diameter spherical cell at room temperature with a cell membrane that has capacitance of one microfarad/cm2. Initially, there is no potassium in the system. However, let us introduce a potassium-anion salt into the system such that you have a concentration of 52 times more on the inside than the outside. (For this case, it is 130 mM inside and 2.5 mM outside.) Let us assume that only potassium can diffuse through the cell. At the beginning (with no salt), the membrane potential is 0 mV; however, once the salt was introduced, potassium will diffuse out such that an equilibrium potential of -100 mV is reached. How many potassium ions must diffuse out of the inside of the cell to produce a change from 0 to -100 mV?

1-a.What’s the difference between nominal and real GDP? Which one is a better macroeconomic indicator? Why or why not?

1-b. What’s the annual nominal and real GDP growth rate of the US in the last 5 years? What’s conclusion can you make from those data (.i.e. Do you think the US economy is improving or slowing down?)

1-c. Define GDP per capita. Compare and contrast the GDP per capita in the US in the past 5 years compared to China? Explain your findings.   

DQ # 2

2- What’s the difference between Consumer Price Index (CPI) and GDP deflator ? Which one is a more accurate measure of the inflation rate? Why?

#1

A) Suppose, the world price for cars is $10,000. Further, the US has a quantity demand at that price of 1,000 cars, and a quantity supplied of 200. How many cars will the US import to satisfy domestic demand?

B) From the previous question, suppose the US imposes a $2,000 tariff on each car. Further, suppose that domestic quantity demand falls by 200 and the domestic quantity supplied rises by 200. What is the new quantity of imports? How does a tariff harm societal welfare?

Which of the following statements is incorrect about limited liability companies and the check-the-box regulations?

a.         If a limited liability company with more than one owner does not make an election, the entity is taxed as a partnership.

b.         All 50 states and the District of Columbia have passed laws that allow creation of limited liability companies.

c.         An entity with more than one owner and formed as a corporation cannot elect to be taxed as a partnership.

d.         If a limited liability company with one individual owner does not make an election, the entity is taxed as a corporation.

e.         A limited liability company with one owner can elect to be taxed as a corporation.

Montana Fishing Equipment Company (MFEC) manufactures a variety of fly-fishing equipment, including fly-fishing rods and reels. The company would like to develop a unified approach to pricing its product line for next year using cost-plus pricing but does not know what cost base should be used.

          Last year, MFEC earned $140,000 of profit from sales of its products and would like to earn $200,000 next year. Last year, the company incurred the following costs

       Manufacturing Costs

                                   Variable     $250,000

                                   Fixed     $150,000

                       Selling and Administrative Costs

                                   Variable     $100,000

                                   Fixed     $200,000

Required

A. Calculate the markup percentage for each of the following cost bases:

a. Full costs, including all manufacturing and selling and administrative costs

b. Cost of goods sold

c. Total variable costs

d. Variable manufacturing costs

B. Explain why the markup percentage calculated in question A is lower when using full costs as the base than when using variable manufacturing costs as the base.

C. MFEC’s best fly rod (the Trout Catcher model) costs $150 to manufacture and includes $90 of variable manufacturing costs and $60 of fixed overhead costs. Assuming the company uses a markup on variable manufacturing costs (calculated from A.d.), what is the recommended sales price of the rod?

Competitors sell comparable fly rods for $299. Based on this information, should MFEC price the Trout Catcher model by using a cost-plus approach of a

Using your favorite search engine, conduct research on a well-known leader of a corporation. You might be interested in researching formers leaders such as Lee Iacocca of Chrysler, Herb Kelleher of Southwest Airlines, Jack Welch of General Electric, or Ray Kroc of McDonald's. Alternatively, you could research present-day corporate leaders such as Indra Nooyi of PepsiCo, Mary Barra of GM, Mark Zuckerberg of Facebook, Gregory Hayes of United Technologies, etc. Remember, the leader you choose to research doesn't have to be on this list -- pick a leader who piques your curiosity! Some students have chosen the CEO of their own employers, but please be sure that you have a minimum of two sources in addition to your textbook if you do so.  

Review articles and biographical information that is available on the Internet. You should have a minimum of two (2) sources in addition to your textbook. The goal of your research is to answer the following questions about the leader you chose:

• Based upon your research, what type of behavioral leadership style does/did the individual practice? Task-oriented, people-oriented, or a combination of the two? Explain.

• How would this individual's leadership style be characterized in terms of the path-goal theory of leadership? Explain.

• Would you describe this individual as a transactional or transformational leader? Explain.  

• In what specific ways do you feel this individual was an effective leader?

• In what specific ways do you feel this individual's leadership could be improved?

Case Study: A Good Team Player

Topic: Leadership

Involved Parties:

Steven, Assistant Department Manager

Kristin, Newly appointed supervisor of Steven's work team

Having done well as a staff accountant in the accounts payable section of a major industrial firm for several years since his graduation from college, Steven felt that he had learned much about the “ins” and “outs” of survival in an intensely bureaucratic organization. It is thus not surprising that he was relaxed and unconcerned about his circumstances at the company as he entered the employee lounge to attend the late-afternoon welcoming reception for his new supervisor.

The new manager of accounts payable, Kristin, had been transferred to Steven’s division from a similar position in another subsidiary of the company because of her proven talent for organizing and improving the efficiency of operations there. A no-nonsense type of manager, Kristin was experienced and determined to perform her new assignment with the same vigor that had brought her so much success throughout her career.

At the reception, Kristin circulated through the room, introducing herself to her new subordinates and asking each of them if they had any suggestions that would help make the payables section a better place to work. When she approached Steven, he told her about something that had been on his mind lately: that people seemed to him to gain promotions and be given opportunities to work overtime based on who liked them and not on the quality of their work. In reply, Kristin politely stated that she would do everything that she could to see that whatever it was he was referring to would have no place in the team she would lead.

Upon his arrival at work the next day, Steven received a phone call from Kristin’s secretary asking that he meet with his new boss later that morning. He had barely entered her office for the meeting when she looked him straight in the eye and said, “I will not tolerate individuals in this organization who are not good team players. Yesterday afternoon you led me to believe that there are people in this office who are not acting in the best interests of the company, and I want to know who. I want you to tell me the names of the managers you were referring to note, and keep me informed if you see anyone hurting this company, or I’ve got to think that maybe you’re part of the problems around here.”

The assignment:

- explore the possible alternatives and ethics from the Utilitarian Perspective, the Rights Perspective, or the Justice Perspective