what are the four main enablers of good purchasing what are the main inhibitors
In: Operations Management
Upton Computers makes bulk purchases of small computers, stocks them in conveniently located warehouses, ships them to its chain of retail stores, and has a staff to advise customers and help them set up their new computers. Upton's balance sheet as of December 31, 2016, is shown here (millions of dollars):
Cash | $ 3.5 | Accounts payable | $ 9.0 | |
Receivables | 26.0 | Notes payable | 18.0 | |
Inventories | 58.0 | Line of credit | 0 | |
Total current assets | $ 87.5 | Accruals | 8.5 | |
Net fixed assets | 35.0 | Total current liabilities | $ 35.5 | |
Mortgage loan | 6.0 | |||
Common stock | 15.0 | |||
Retained earnings | 66.0 | |||
Total assets |
$122.5 | Total liabilities and equity | $122.5 |
Sales for 2016 were $500 million and net income for the year was $15 million, so the firm's profit margin was 3.0%. Upton paid dividends of $6 million to common stockholders, so its payout ratio was 40%. Its tax rate was 40%, and it operated at full capacity. Assume that all assets/sales ratios, (spontaneous liabilities)/sales ratios, the profit margin, and the payout ratio remain constant in 2017. Do not round intermediate calculations.
b. Using the AFN equation, determine Upton's self-supporting growth rate. That is, what is the maximum growth rate the firm can achieve without having to employ nonspontaneous external funds? Round your answer to two decimal places.
c. Use the forecasted financial statement method to forecast
Upton's balance sheet for December 31, 2017. Assume that all
additional external capital is raised as a line of credit at the
end of the year and is reflected (because the debt is added at the
end of the year, there will be no additional interest expense due
to the new debt).
Assume Upton's profit margin and dividend payout ratio will be the
same in 2017 as they were in 2016. What is the amount of the line
of credit reported on the 2017 forecasted balance sheets?
(Hint: You don't need to forecast the income statements
because the line of credit is taken out on last day of the year and
you are given the projected sales, profit margin, and dividend
payout ratio; these figures allow you to calculate the 2017
addition to retained earnings for the balance sheet without
actually constructing a full income statement.) Round your answers
to the nearest cent.
Upton Computers Pro Forma Balance Sheet December 31, 2017 (Millions of Dollars) |
||
Cash | $ | |
Receivables | $ | |
Inventories | $ | |
Total current assets | $ | |
Net fixed assets | $ | |
Total assets | $ | |
Accounts payable | $ | |
Notes payable | $ | |
Line of credit | $ | |
Accruals | $ | |
Total current liabilities | $ | |
Mortgage loan | $ | |
Common stock | $ | |
Retained earnings | $ | |
Total liabilities and equity | $ |
In: Finance
1. An esteemed teacher of Rhetoric at The University of Iowa, D.C. Bryant, wrote that rhetoric was the art of adjusting ideas to people, and also of adjusting people to ideas. Please explain your understanding of these ideas.
2. Please explain what it means to organize your remarks.
3. Please explain what is most important in a speech: content, or delivery? Tell why you think so.
4. What is the best type of supporting material to convince your audience?
5. Please explain your idea of credibility.
(For speech class) we are currently reading the book The Natural Speaker so if you have read the book please answer based on that.
In: Operations Management
Henry and Bob are both 35 years old but have been investing different amounts of money for different lengths of time.
a) Determine the total value of each of the above investments. Complete the tables or show your formula calculations as part of your solution.
In: Finance
Why is it costly if an error was discovered in later phases of software development?
In: Computer Science
Define the concept of cognitive economy, and provide an example of a situation in which cognitive economy leads to better decisions and another example of a situation in which cognitive economy leads to poorer decisions
In: Psychology
Chastain Corporation is trying to determine the effect of its inventory turnover ratio and days sales outstanding (DSO) on its cash conversion cycle. Chastain's 2016 sales (all on credit) were $248000; its cost of goods sold is 80% of sales; and it earned a net profit of 3%, or $7440. It turned over its inventory 7 times during the year, and its DSO was 34 days. The firm had fixed assets totaling $25000. Chastain's payables deferral period is 45 days.
Assume 365 days in year for your calculations. Calculate Chastain's cash conversion cycle. Round your answer to two decimal places. Do not round intermediate calculations.
Assuming Chastain holds negligible amounts of cash and marketable securities, calculate its total assets turnover and ROA. Round your answers to two decimal places. Do not round intermediate calculations.
Suppose Chastain's managers believe that the inventory turnover can be raised to 8.4 times. What would Chastain's cash conversion cycle, total assets turnover, and ROA have been if the inventory turnover had been 8.4 for 2016? Round your answers to two decimal places. Do not round intermediate calculations.
In: Finance
An office building is purchased with the following projected cash flows: NOI is expected to be $180,000 in year 1 with 2 percent annual increa The purchase price of the property is $910,000. 100% equity financing is used to purchase the property The property is sold at the end of year 4 for $970,000 with selling cost 8 %
Calculate the unlevered internal rate of return (IRR).
A. 19.9%
B. 20.7%
C. 21.5%
D. 22.3%
E. 23.1%
In: Finance
What types of news stories lend themselves well to mobile reporting? What format should a liveblog follow? When planning to live tweet an event, how should you prepare? While live tweeting, what kinds of information belongs in the first few tweets? How and why should hashtags be used? What are other tips and best practices for live tweeting?
Provide examples. Cite all sources.
In: Operations Management
Evaluating Walter's Health Care Coverage
Walter Burton was a self-employed window washer earning approximately $700 per week. One day, while cleaning windows on the eighth floor of the Commercial Bank Building, he tripped and fell from the scaffolding to the pavement below. He sustained severe multiple injuries but miraculously survived the accident. He was immediately rushed to the local hospital for surgery. He remained there for 58 days of treatment, after which he was allowed to go home for further recuperation. During his hospital stay, he incurred the following expenses: surgeon, $2,300; physician, $900; hospital bill for room and board, $250 per day; nursing services, $1,200; anesthetics, $600; wheelchair rental, $100; ambulance, $150; and drugs, $350. Walter has a major medical policy that has a $3,500 deductible clause, an 80 percent co-insurance clause, internal limits of $170 per day on hospital room and board, and $1,600 as a maximum surgical fee. The policy provides no disability income benefits.
In: Finance
3) Convert 1.25 decimal to 32 bit floating point format. 4) Convert the following truth table to a digital circuit consisting of NOT, AND, and OR gates. ABC Out 000 1 001 1 010 0 011 0 100 1 101 0 110 1 111 0 5) Construct a tri-state buffer using transistors
10) What are the advantages of a large page size?
In: Computer Science
Think of an environmental problem (e.g., climate change, acid rain, agricultural chemical run-offs, water pollution, air pollution, etc.) that seems interesting or urgent to you.
a. Briefly describe this problem. What causes it? What are the potential short-term and long-term impacts?
b. Suppose that you are a policy maker and you are in charge of implementing a policy dealing with this problem.
i. Suppose that you propose a standard. Briefly explain how this policy would work and how it would deal with the environmental issue. What would be the positive attributes of this policy? What would be negative attributes, or drawbacks?
ii. Suppose that you propose an emission tax. Briefly explain how this policy would work and how it would deal with the environmental issue. What would be the positive attributes of this policy? What would be negative attributes, or drawbacks?
iii. Suppose that you propose a Cap-and-Trade system. Briefly explain how this policy would work and how it would deal with the environmental issue. What would be the positive attributes of this policy? What would be negative attributes, or drawbacks?
In: Operations Management
how to make a graphical representation (image) of the basic network for 100 users.
In: Operations Management
3. ARE WOMEN SLAVE TO MEN KNOWING THAT THROUGH MARRIAGE WOMEN TAKE ON THE NAME OF THEIR HUSBANDS AND CHILDREN TAKE ON THE NAMES OF THEIR FATHERS? WHAT DO WOMEN GET OUT OF THE RELATIONSHIP IN TERMS OF OWNERSHIP?
In: Psychology
Often, planned tasks and their duration may change during
project execution. It is important to analyze the effect of these
changes on your project to ensure that the project still executes
as expected. In this assignment, you will learn how to monitor your
project for any effect of changes to planned tasks.
Revisit Chapter 6, "Project Time Management" in your textbook.
Assume that there are six tasks to be completed in a project. Their
duration and predecessors are specified in the following table:
Task |
Duration |
Predecessors |
1. |
2 days |
N/A |
2. |
4 days |
1 |
3. |
3 days |
1 |
4. |
4 days |
2 |
5. |
6 days |
3 |
6. |
4 days |
4, 5 |
Perform the following tasks:
Create a network diagram for this project.
Calculate the critical path and slack times for all tasks.
Assume that during project execution, you need to change the duration for Task 3 to 5 days, and Task 2 is finished 1 day early. How would these changes affect your project? What problems would have arisen if you were not monitoring the project?
Submit the network diagram as an embedded image in a 3- to 4-page document that also contains the calculations for the critical path and slack times and responses to the questions.
Submit your answers in the online classroom by Day 6.
Submit your answers by Day 6.
In: Operations Management