At the present time only thirteen monks can live at the monastery. Father Daniel Mary has a future plan to have living quarters for thirty monks. Father Daniel Mary has also established a future for the Carmelite Monks by wanting to purchase a four hundred and ninety six acre farm. He would also like to build a covenant for nuns and hermitage. The vision that Father Daniel Mary has is to have a New Mount Carmel by purchasing a large parcel of land.
Purpose: Name Assignment #1: Good Night Motel Background: * Justin McGregor, owner of Good Night Motel is offered a proposition from George Alward that would fill up all 30 units of the motel from Friday 10/26/12 – Saturday 10/27/12 * The renters are delegates to a church convention which fits the family-style reputation that the motel wants to maintain * Alward offered to pay $40/unit as opposed to the normal $80/unit * The dates that Alward wants are during the slow season where it struggled to fill up to ¼ of the rooms * In recent years, a further dip of an additional 7%-15% is expected in room occupancy * Revenues are expected to remain flat for the next several years Issues and Qualitative factors: * McGregor doesn’t want to take the deal because he says that Good Night barely broke even in the 2012 and is afraid that giving out these rooms for ½ price will be unfavorable * McGregor is also afraid that giving this deal might set future precedents Guidance: * A Cost Volume Profit (C-V-P) analysis should be done to determine breakeven point and contribution margins Computation: * McGregor’s take on the breakeven point in incorrect. He looked at the income statement and came in the conclusion that the motel only made $3,177 in 2012. * This is incorrect because depreciation is not a cash outflow and should not be considered. Total operating expense | $385,973.00 | less: depreciation | $54,700.00 | Total cash outflow | $331,273.00 | * He only needs to earn $331,273.00 in revenue to break even instead of the original $385,973.00 that he thought. He earned $389,150.00 which is well above that amount.
Part One&Two 4 Works Cited Starbucks announces new leadership structure to accelerate global growth. (July , 11 2011). Retrieved from http://news.starbucks.com/article_display.cfm?article_id=547 Gaar, B. (2010, 0925). At whole foods, team management goes all the way to the top.
Based on the assumptions contained in this plan, I estimate that the businesses will break-even in its first year of operations. Cash Flow Statement As the owner of Chagadama Christian Bookstore, I will invest $60,000. This money will be used to cover startup costs of $12,725 and initial operating costs. Fixed costs are limited to our office space and equipment lease at $1,800 per month, which includes a 1,000 square foot store on Main Street, a telephone system, and two photocopiers. As continued positive cash flows permit, the amounts I invested will be repaid.
On the other hand, as a student, this compensation seems excessive. Grant did not receive his compensation for doing nothing. “In the year ending Aug. 31, the St. Louis-based company said it earned $993 million on sales of $8.56 billion, up from a profit of $689 million on sales of $7.39 billion during the previous year. Grant told investors that the year was a benchmark for the company, as more of the world's farmers purchased Monsanto products. The company's growth led the board of directors to expand the group of companies it uses to gauge the adequacy of its executive compensation and said it increased Grant's annual salary 18 percent to $1.36 million for 2008.” Although Grant “earned” is compensation by leading the company to an increase in sales, I am not sure if his executive compensation was equal to the job he did.
Galileo told his father that he wanted be a monk after four years. That’s when he was tooken out the monastery. He joined the University of Pisa to study medicine at seventeen years in 1581. Galileo became famous when he evented the Law of Pendelum at the age of twenty which is used to regulate clocks. When he took a lamp that was swinging back and forth, he realized that each swing was exactly the same when it swings back and forth whether it’s large or small.
Scott and Sons Company do to be able to decrease cost of sales and operating expenses? Should the company keep with its Trust Receipt Plan in order to maintain 25% growth rate? CORPORATE OBJECTIVE A goal for the company in the next few years is to have an annual growth rate in sales and profits of up to 25%. AREAS OF CONSIDERATION STRENGTHS Market Leader The Scotts Company is the world's leading supplier and marketer of consumer products for do-it-yourself lawn and garden care. It also supplies a range of products for professional horticulture.
Natureview Farms uses milk from regular cows who are not treated with an artificial growth hormone (rGBH) and this gives their yogurt a competitive advantage in the market; an average shelf life of 50 days compared to 30 days for its rivals. Though it has experienced tremendous growth over the past decade, Natureview Farms was presented with a difficult situation: find a way to grow revenues by 50% by the end of the fiscal year. This major increase was due to the fact that a venture capitalist firm had to pull out its equity stake in Natureview Farms. Management now needed to replace the lost equity with new investors or prepare itself for acquisition within the next year. Organic food companies were typically valued based on revenue multiples (instead of profit or cash flow), therefore attaining maximum revenue would generate the highest valuation for the company to be purchased at.
Harvard Business School 9-297-028 Rev. October 29, 1996 Clarkson Lumber Company After a rapid growth in its business during recent years, the Clarkson Lumber Company, in the spring of 1996, anticipated a further substantial increase in sales. Despite good profits, the company had experienced a shortage of cash and had found it necessary to increase its borrowing from the Suburban National Bank to $399,000 in the spring of 1996. The maximum loan that Suburban National would make to any one borrower was $400,000 and Clarkson had been able to stay within this limit only by relying very heavily on trade credit. In addition, Suburban was now asking that Mr. Clarkson guarantee the loan personally.
From 2002 to 2006, Whole Foods’ management team decided to drive growth by opening 10 to 15 large stores in metropolitan areas each year. Their stores range from 40,000 square feet to 70,000 square feet which were on the same scale as larger supermarket chains. Due to the economic conditions that hit in 2008, the company had to scale back their new store openings. In order to keep opening new stores in profitable areas, management will have to research and target each new opening into areas where Whole Foods can offer their products to willing buyers. Keeping these stores located in larger metropolitan areas will reach more potential customers who are willing to pay the price for organic