Question 1 – CVP Analysis
Brandon Manufacturing provides the data below relating to its single product for 2020:
Required:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
In: Accounting
Consider the leadership dynamics of the several types of change illustrated in Chapter 9 (Leadership, Enhancing the Lessons ofExperience), then answer the following questions:
Share your own experience with one of the types of change—anticipatory, reactive, or crisis—from either a leader or follower perspective.
What can you learn from this experience and the lessons acquired from the Chapter 9 reading on how to initiate positive change in an organization?
In: Operations Management
Company Overview
United Parcel Service, Inc. (UPS or 'the company') is one of the largest package delivery companies in the world. It provides various logistics services, including less-than-truckload services as well as supply chain management operations in more than 220 countries and territories. The company operates globally with major presence in North America and Europe. It is headquartered in Atlanta, Georgia.
The company reported revenues of (US Dollars) US$60,906 million for the fiscal year ended December 2016 (FY2016), an increase of 4.4% over FY2015. In FY2016, the company’s operating margin was 9%, compared to an operating margin of 13.1% in FY2015. In FY2016, the company recorded a net margin of 5.6%, compared to a net margin of 8.3% in FY2015.
Given your understanding of the company described in the handout, address the following.
a) Briefly discuss the company’s business-level strategy and describe its target market. Take care to share how the company is able to pursue this business-level strategy .
b) Briefly discuss the corporate-level strategy pursued by the company. Take care to discuss the level of diversification the company uses .
c) Identify and describe one weakness, opportunity, and threat (three in total) the company should address to achieve its desired performance goals. Take care to offer two potential strategic solutions for each item identified in part c (six in total) .
In: Operations Management
It’s All in the Family
What company wouldn’t want a “leg up” in obtaining contracts for
lucrative new business? Seeking to gain an advantage in the
competitive world of investment banking led J.P. Morgan Chase &
Company officials to seek out and hire the children of prominent
Chinese officials. The individuals hired may have had the knowledge
or skills needed to fulfill the jobs for which they were hired. But
their most valuable qualification was something in their
genes—being related to an influential member of the political or
business elite in China. Having a connection to someone with
decision-making authority to grant business opportunities to J.P.
Morgan might have been the distinct factor that resulted in them
getting the job.
The purposeful targeting of well-connected sons and daughters with
the express purpose of driving business contracts might be
considered bribery under federal law. The U.S. Justice Department
has launched an investigation to determine if these hiring
decisions violate the Foreign Corrupt Practices Act. In fact, the
chief executive of J.P. Morgan’s China operations has voluntarily
resigned. J.P. Morgan isn’t alone in using such a practice.
Citigroup, Goldman Sachs, Morgan Stanley, UBS, and others are also
said to have done so.
Company executives at J.P. Morgan were aware of the program as well
as broad anticorruption measures several years before the
Securities and Exchange Commission began its investigation.
Claiming that this preferential hiring is “the norm of business” in
China, J.P. Morgan’s top leaders believe they acted according to
accepted standards. J.P. Morgan’s business acquisition in China did
indeed improve after it launched the selective hiring
program.
The bank developed a spreadsheet detailing potential recruits along
with their “valued” connections or business-enhancing prospects.
They also created a special internship to accommodate some
applicants who were screened less stringently than other job
applicants. So, the candidates were given particular attention and
a smooth path to employment. Government officials aren’t stating
that the employees are not qualified. They are more interested in
the reason each was selected from the applicant pool. A finding
that any of the banks involved intentionally hired the sons and
daughters to win business might result in bribery charges.
The banks are scrutinizing their hiring practices as they respond
to the government investigators’ inquiries. This practice
highlights differences in cultures, norms, and laws among nations.
What might be considered an expected and completely acceptable
practice in China might be deemed illegal—or at very least,
unethical—in the United States.
J.P. Morgan Chase & Company wanted to hire the children of prominent Chinese officials. Considering legal and ethical standards for hiring in the United States, which of the following questions would be most appropriate for an interviewer in the United States to ask during a structured interview to explore an applicant's family connections?
|
|||
|
|||
|
|||
|
Which of the following selection factors for global employees did J.P. Morgan Chase & Company consider when hiring personnel with political connections in China?
|
|||
|
|||
|
|||
|
Which of the following steps in the hiring process would most likely reveal an applicant's family political connections to J.P. Morgan Chase & Company?
|
|||
|
|||
|
|||
|
In: Operations Management
Question 4: Following are the values for US. Apparel Limited: Company’s Ratio Industry Average Days Sales Outstanding 45 days 52 days Credit Terms 50 days 60 days a. Analyze the DSO of the company internally. b. Analyze the DSO of the company externally. What advice will you give to the competitor firm (consider industry average value)?
In: Accounting
Gnomes R Us is considering a new project. The company has a debt-equity ratio of .78. The company’s cost of equity is 14.6 percent, and the aftertax cost of debt is 7.9 percent. The firm feels that the project is riskier than the company as a whole and that it should use an adjustment factor of +2 percent. What discount rate should the firm use for the project?
In: Finance
Six Key Financial Assumptions
Balance sheet
31-Dec-2020
Assets
Cash : $000,000
Accounts Receivable: $000,000
Long Term Assets: $000,000
Total: $000,000
Liabilities & Equity
Accounts Payable: $000,000
Borrowing: $000,000
Retained Earnings: $000,000
(First year so no retained earnings from first year)
Earnings: $000,000
Total: $000,000
Using the information from the key assumptions please solve the company value portion as well as the balance sheet for the first year of the start up company.
In: Accounting
On July 31, 2020, Sandhill Co. had a cash balance per books of $6,340.00. The statement from Dakota State Bank on that date showed a balance of $7,890.80. A comparison of the bank statement with the Cash account revealed the following facts.
| 1. | The bank service charge for July was $21.00. | |
| 2. | The bank collected $1,720 for Sandhill Co. through electronic funds transfer. | |
| 3. | The July 31 receipts of $1,397.30 were not included in the bank deposits for July. These receipts were deposited by the company in a night deposit vault on July 31. | |
| 4. | Company check No. 2480 issued to L. Taylor, a creditor, for $374.00 that cleared the bank in July was incorrectly entered as a cash payment on July 10 for $347.00. | |
| 5. | Checks outstanding on July 31 totaled $2,051.10. | |
| 6. | On July 31, the bank statement showed an NSF charge of $775.00 for a check received by the company from W. Krueger, a customer, on account. |
Prepare the bank reconciliation as of July 31. (List items that increase balance as per bank & books first. Round answers to 2 decimal places, e.g. 52.75.)
In: Accounting
Suppose you plan to backpack around Europe after you graduate from the university in 4 years (t=4). You have estimated it will cost you $15,000 to pursue your dream. How much do you need to invest into a saving account today (t=0) to reach your goal in 4 years? Assume your saving account earns 6% per annum. Round your answer to three decimal places.
| a. |
$13,349.946 |
|
| b. |
$12,358.959 |
|
| c. |
$11,881.405 |
|
| d. |
$13,350.946 |
|
| e. |
$11,208.872 |
In: Finance
Mary Guilott recently graduated from Nichols State University and is anxious to begin investing her meager savings as a way of applying what she has learned in business school. Specifically, she is evaluating an investment in a portfolio comprised of two firms' common stock. She has collected the following information about the common stock of Firm A and Firm B:
Expected Return Standard Deviation
Firm A Common Stock .16 .17
Firm B Common Stock .17 .24
Correlation Coefficient .50
a. If Mary invests half her money in each of the two common stocks, what is the portfolio's expected rate of return and standard deviation in portfolio return?
b. Answer part a where the correlation between the two common stock investments is equal to zero.
c. Answer part a where the correlation between the two common stock investments is equal to +1.
d. Answer part a where the correlation between the two common stock investments is equal to −1.
e. Using your responses to questions a—d, describe the relationship between the correlation and the risk and return of the portfolio.
In: Finance