The risk of bad debts must be minimised to enable the company to carry on being profitable. The directors are very aware of the need for computer security and all IT systems are backed up twice each day and passwords are changed every three months. After a thorough review of the credit control function there are a number of weaknesses that have been recognised. Computer System The computer system that is used at the moment is not fit for purpose as the data has to be transferred manually each month causing extra work and a greater risk of error during the transfer. The staff are spending a lot of time each month transferring data in order to be able to produce the financial reports needed.
Depreciation affects cash flow by reducing the amount of cash a business must pay in income taxes. 3. Calculate the current and quick ratios based on the projected balance sheet and income statement data. What can you say about the company’s liquidity position in 2013? AS the current and quick ratios both went down over the past year, I am concerned that the company liabilities may be rising faster than assets and we may not be able to liquidate assets quickly enough to cover debt, if necessary.
Review the article: Is your own buying behavior influenced by coupons and sales? Why do you think J.C. Penney’s pricing strategy has not been successful as compared to other “low price” proponents like Walmart? Will Ron Johnson’s four-year plan be successful over the long-term? Why or why not? BUS 620 Week 4 DQ 1 Purchase here http://chosecourses.com/BUS%20620%20/bus-620-week-4-dq-1
CASE ANALYSIS ENGSTROM AUTO MIRROR PLANT: motivating in good times and bad OVERVIEW Engstrom Auto Mirror Plant is a privately owned business which employs 209 staff and manufactures mirrors for trucks and automobiles. In 2007, plant managers had something of a crisis on their hands. Productivity and quality issues brought about a delivery problem and therefore increased the risk in losing clients. This was not the first time the plant faced this problem, In 1999, the company had faced similar issues and implemented a Scanlon Plan. The Scanlon Plan was an incentive plan used to motivate staff making changes in employee’s behavior and attitudes.
A major issue that Custom Molds is facing is adapting to the changing needs of their customers. For example, the chart on molds produced provided in the case shows that orders for multiple parts have decreased over the past several years. This is a problem for Custom Molds because it would be much easier for the company to produce several identical molds rather than an increasing number of individual, unique molds. Another issue that the company is facing is that they have slow process and delivery of their products. The production process of each mold can take from two to four weeks, and the company is giving a lead-time of nine weeks.
Exam 1 During the annual strategy meeting the several business department heads raised their concerns that several projects had not resulted in the business improvements and productivity they had expected. Because of significant stability and functionality issues a positive ROI was not achieved. The new Supply Chan Vendor Management system had to be rolled back to the old system after a series of outages. By following the Cobit5 matrix the following suggestions are made to improve the stability and functionality issues. BIA07.01 Process Practices, Inputs/Outputs and Activities Activities: 1) Create and implementation plan that reflects the broad implementation strategy, the sequence of implementation steps, resource requirements, inter-dependencies, criteria for management acceptance of the production implementation, installation verification requirements, transition strategy for production support, and update of BCP’s 5) Formally review the technical and business risk associated with implementation and ensures that the key risk is considered and addressed in the planning process.
The Need to Develop a Management Strategy for Use of Military Equipment being given to Civilian Law Enforcement Agencies Joseph P. Garland Jr. Liberty University CJUS 300 D01 LUO 7 December 2014 Professor Larry Wine Abstract In the growing wake of civil unrest witnessed in the past several months thru out different localities in the United States from American Citizens. And the potential for Domestic Terrorism or Terrorism perpetrated from sources outside of the United States. Local, County and State Law Enforcement Officials and Departments due to budget reductions and constraints placed on them by an already politicized Department of Justice (DOJ). Have had to implement ways to stretch what little equipment these forces
Goals: Goal: Improve Time Management Category: Time Management Description: Try to schedule all of your appointment in the contact management program and keep it updated. Measurement: Weekly printout of contact manager's calendar. Goal result: Improved, but I have found some instances where Mike is out of the office but there is not entry in the contact manager. Rating: 3 Summary: When Mike and I set goals last spring, we did not expect the reorganization. It really changed our priorities so there was not much time to devote to some of the special projects.
Problems after repairs 7. Lack of education 8. People stops using computers | Geek Squads internal environment consists of a set of resources that makes it hard for other competitors to imitate the company. The company has a good financial status due to good results since the start up of the company. This is a
To ensure that these principles were being properly executed, Mattel hired S. Prakash Sethi. His role was to carry out independent audits to assure compliance with these standards. These audits were conducted at least once every three years. Over the years, these audits have contributed to the dismissal of several dozen suppliers for noncompliance and numerous changes in its plants. When Mattel, in July 2007, learned of the problems of lead paint in their product and magnets that could be swallowed by children causing serious health issues, they acted quickly by issuing voluntary recalls one after another starting on August 1, 2007.