Oscar Clemente is the manager of Forbes Division of Pitt, Inc., a manufacturer of biotech products. Forbes Division, which has $4 million in assets, manufactures a special testing device. At the beginning of the current year, Forbes invested $5 million in automated equipment for test machine assembly. The division's expected income statement at the beginning of the year was as follows:
Sales revenue $ 16,000,000 Operating costs Variable 2,000,000 Fixed (all cash) 7,500,000 Depreciation New equipment 1,500,000 Other 1,250,000 Division operating profit $ 3,750,000
A sales representative from LSI Machine Company approached Oscar in October. LSI has for $6.5 million a new assembly machine that offers significant improvements over the equipment Oscar bought at the beginning of the year. The new equipment would expand division output by 10 percent while reducing cash fixed costs by 5 percent. It would be depreciated for accounting purposes over a three-year life. Depreciation would be net of the $500,000 salvage value of the new machine. The new equipment meets Pitt's 20 percent cost of capital criterion. If Oscar purchases the new machine, it must be installed prior to the end of the year. For practical purposes, though, Oscar can ignore depreciation on the new machine because it will not go into operation until the start of the next year. The old machine, which has no salvage value, must be disposed of to make room for the new machine. Pitt has a performance evaluation and bonus plan based on ROI. The return includes any losses on disposal of equipment. Investment is computed based on the end-of-year balance of assets, net book value. Ignore taxes. Oscar Clemente is still assessing the problem of whether to acquire LSI’s assembly machine. He learns that the new machine could be acquired next year, but if he waits until then, it will cost 15 percent more. The salvage value would still be $500,000. Other costs or revenue estimates would be apportioned on a month-by-month basis for the time each machine (either the current machine or the machine Oscar is considering) is in use. Fractions of months may be ignored. Ignore taxes.
Required: Calculate ROI for the coming year assuming that the new equipment is bought at the beginning of the year. (Do not round intermediate calculations. Round your final answer to nearest whole percentage.)
In: Accounting
Discuss the Equal Protection Clause and describe the different levels of judicial scrutiny given to government classifications based on race, gender and age. How might the Equal Protection clause impact a business?
In: Operations Management
Q7. The theory of viscoelasticity is used to describe the
behaviour of materials in liquid phase.
a. For each of the models, identify a real life engineering problem
where it is applies and describe this.
b. How can the knowledge be used in design applications for the
problem you identified above.
c. What are the challenges in the use of the knowledge for solving practical problems.
In: Mechanical Engineering
Write functions that do the following in Python:
i) A function that takes 2 arguments and adds them. The result returned is the sum of the parameters.
ii) A function that takes 2 arguments and returns the difference,
iii) A function that calls both functions in i) and ii) and prints the product of the values returned by both.
In: Computer Science
Prepare a PowerPoint slideshow to present the essential difference(s) between mind mapping and brain mapping, let the presentation be professional and attractive.
In: Operations Management
Examples:
The Lab is divided into a set of example and exercise activities related with this topic and students are required to perform all activities and show (and discuss) the output of activities to the instructor.
Example 1: Implement the Stack Push Operation with Overflow condition
Declare an array of size 5 and implement the Push Operation with overflow condition; you can type the following code as a hint:
#include<iostream>
using namespace std ;
#define MAX 5
struct Stack {
int S[MAX];
int top;
};
Stack st;
st.top = -1;
int item;
if(st.top == (MAX-1))
cout<<"Stack Overflow\n" ;
else
{
cout<< "Enter the item to be pushed in stack : " ;
cin>> item ;
st.top++;
st.S[st.top] = item;
}
Complete this implementation as a full program to PUSH as many elements as the user wants (or till the Stack is full).
Example 2: Implement the Stack Pop Operation with Underflow condition
Declare an array of size 5 and implement the Pop operation; you can type the following code as a hint:
int item;
if (st.top == -1) /* stack empty condition */
cout<< "Stack Underflow\n" ;
else
{
item = st.S[st.top];
st.top-- ;
cout<< "Element popped from stack is :" << item ;
}
Complete this implementation as a full program to POP as many elements as the user wants (or till the Stack is empty).
Example 3: Display the contents of Stack
Display the contents of Stack; you can type the following code as a hint:
int i;
if(st.top == -1)
cout<<"Stack is empty\n" ;
else
{
cout<< "Stack elements :\n" ;
for(i = st.top; i >=0; i--)
cout<< st.S[i] ; }
Exercise
Combine all the three examples above to implement one complete program of Stack
In: Computer Science
In: Operations Management
Samsung is hiring you as a consultant to evaluate different strategies to expand capacity in the U.S., explain the concepts of economies of scale, best-operating levels, and capacity cushions. What would your recommendation to Samsung be?
In: Operations Management
A 1.56 kg block is held in equilibrium on an incline of angle q = 53.0o by a horizontal force, F, applied in the direction shown in the figure below.
In: Physics
Dave and Buster's in Canada
Suggest a brand name that would create a distinctive identity for the company (or specific product). Analyze cultural and legal factors that could influence packaging of the product.
In: Operations Management
Which of these systems is the most important Justify your answer.
- Transaction Processing system
- Enterprise Resource Planning
- Management information system
- Decision Support System
Expert system
In: Operations Management
An S corporation is considered a flow-through business entity that has the advantages of both the corporation and proprietorship. Discuss the general rules that govern S corporations. What are some of the operational rules that effect various code provisions on S corporations? Go to www.irs.gov (Links to an external site.)Links to an external site. and provide a synopsis of the similarities and differences between S corporations and one other form of business.
In: Accounting
Review the following questions and provide substantive responses. Make sure that you provide proper references and format the paper in the APA style.
1. When people talk about organizational change, what precisely is being changed and what forces lead to such change?
2. Suppose that you are a top executive of a large organization about to undertake an ambitious restructuring plan that involves massive changes in job responsibilities for most employees. Explain why people might be resistant to such changes and what steps could be taken to overcome this resistance.
In: Operations Management
Paper Co. is a medium-sized manufacturer of sanitary tissue
products based in New York. The
company has been in business for over 43 years, mainly producing
toilet paper and paper towels
that are sold exclusively through its retail network across the
United States. Through the years, it
has been gradually expanding its production capacity and consumer
base. However, over the past
month and a half, the company has been faced with an unprecedented
and unanticipated increase
in demand, which has cleared out all its storage facilities and
exceeded its manufacturing
capabilities. At this time, the demand continues to be high.
The company has an existing storage facility, which can be
converted to a new production line.
The new production line would significantly increase the existing
manufacturing capabilities.
However, this would require a substantial investment in remodeling
of the facility and
purchasing of expensive equipment from a producer in London, UK. To
proceed with this
option, it would be also necessary for Paper Co. to obtain a loan
from a local bank and hire
additional staff. It is estimated that it will take at least one
month for the new production facility
to start producing.
Paper Co. leadership is faced with a dilemma. If they don’t expand
the current capacity, they risk
losing the market share to competitors that are more flexible in
adapting to higher demand. At
the same time, the expansion is very costly and the long-term
demand is uncertain.
You are hired by Paper Co. as a consultant to help make the right
business decision and to come
up with an action plan.
Part A
How would you recommend for Paper Co. to proceed? Should it stay
with the same production
capacity or increase it as described above? Provide a detailed
explanation of the rationale for your recommendation.
Part B
Please describe potential challenges Paper Co. could be facing as a
result of the decision made in
Part A:
1) One month from now
2) Three months from now
3) One year from now
State the challenges and explain how you would recommend Paper Co.
to address each of those
challenges.
In: Operations Management
answer each question in one paragraph ( 4 sentences )
1- What is a skills profile and what is it used for?
2- Describe the purpose of the income statement, the balance sheet, and the statement of cash flows.
3- What is SCORE? What is its role in helping a firm fill out its new venture team?
In: Operations Management