Table of Contents Executive Summary 3 Introduction 4 Analysis of Alternatives 5 Alternative 1: Introduce a new product 5 Alternative 2: Increase promotion 6 Alternative 3: Raise prices and cut costs 7 Recommendations 7 Appendix: Budgeted Income Statements & the Rate of Growth in Profits 9 Executive Summary Shepard Poles is a manufacturing company that has been providing specialized poles in the market for over ten years. Shepard Poles has about three different product lines: hiking poles, downhill ski poles, and cross-country ski poles. According to the calculation on current operating data, the company has incurred a operating loss of $ 165,000 this year. If any new strategic initiatives are not implemented next year, the unit sales and all costs are expected to rise about 7 percent and 2 percent respectively. However, this situation would make the company incur more loss next year, which is about negative $ 293,586.
Stimulation Review Cost cutting measures are the first portion of the simulation. These measures are implemented by a company to improve profitability and reduce expenses. Cost cutting measures may include reducing employee pay, lay off of employees, downsizing to a smaller building, changing hours of service, or changing to a less expensive health insurance employee plan ("Investopedia", 2015). Gilbert Sanchez set a target for cost saving in the amount of 900,000 in the first year. The EHC will receive $2,300,000 from managed care companies and Medicare in three months, but the shortfall at the business must be resolved first.
Servicing the customer Jarrod Jones MGT/311 January 10, 2012 Paul Blake As a consultant for Riordan Manufacturing, it is our responsibility to seek out areas within Riordan Manufacturing that need development or process improvement. After reviewing Riordan as a business entity there a few areas that could stand to adapt to the future growing potential this business has to offer. The main area of implementation that will be discussed in this paper is the Customer. Customer service can be detrimental to a business, according to Whittaker (2012), “70% of Americans are willing to spend an average
A lot of locavores would say, “Buy local, shrink the distance food travels, save the planet.” (Source C) It only makes sense that the less distance traveled the less pollution. However, there is so much more you have to account for. In fact, Rich Pirog, of the Leopold Center for sustainable Agriculture, stated that transportation isn’t that big of a problem. He said it only accounts for eleven percent of the carbon footprint. Most of the energy required to produce food happens in the consumer’s kitchen.
His 2008 gross profit is 3.67% lower than the industry average (or 1.1% of sales). All else being equal, a 30% gross profit (the average) would have increased his net income by $4600. 600×0.30-155.01-0.30=17.5
Overview The lawsuit between Solo Cup Company (“Solo”) and Trigen-Cinergy Solutions (“Trigen”) arose out of an Energy Services Agreement and Equipment Lease that Solo entered into with Trigen to construct an 11.2-megawatt electricity co-generation plant at the Owings Mills facility. Solo was under the impression that by entering into this agreement, they would save at least $820,000 in energy costs annually, which was to be prepaid by Trigen and eventually paid back by Solo over 20 years. After Solo did analyses on the project, they discovered they would actually be losing money in the first year of the contract, and took action to sever the contract. Arbitration then took place to award damages to the rightful party. After extensive review of the relevant facts in this dispute, it has come to my attention that the loss contingency is incorrectly booked for Solo Cup Company.
ENG-101-W10 May 1, 2015 Less Meat, Yes Please! Imagine a world free from the shackles of human ignorance, simply by not eating meat one day a week. In his article, “A Meat Lover Says Yes to Meatless Monday,” Josh Ozersky points out that eating less meat one day a week not only improves the quality of our meat, it can also recuperate the meat industries. With unremitting population growth, Ozersky claims, the meat industries are struggling to keep up, and if demand cannot be met in a healthy, and responsible way, then maybe we should take a day off from it. That’s why Meat Lovers across the world should join the food movement and eat less meat.
Professor …, You asked me to research whether Jettison Manufacturing can reclassify the short-term debt into long-term debt before preparing year 2’s financial statements. Given my understanding of Jettison Manufacturing financial situation, I assume that the National Bank let the company not to repay the debt within six months. As the company has been able to correct the debt agreement violation and restore the current ratio to 2:2:1, which is acceptable to National, it can not to repay the debt yearly. The company has already reclassified the long-term debt into a short one, and now it wants to reclassify the debt again from the current liability to a long-term one. The key words of the search are “liabilities” and “debt”.
Livoria Sandwich Inc. is operating in a highly competitive and fast growing market. In 2011, the company had only 0.29% profit margin. In order to seek competitive advantage and gain market share, Livoria needs to cover its current cash shortage before going any further. In this memo, three strategic alternatives are evaluated; and recommendations and implementation plans will be given to cover Livoria’s short-term cash shortage, gain market share, and earn $1.1 million net income by 2014. Situational Analysis As shown in Appendix 1; in 2011, Livoria generated 53% contribution margin which is almost 10% higher than the industry average.
In preparation for a training program for supervisors and managers, identify at least three common errors in the performance appraisal process and describe them. In addition, describe steps to minimize these errors. (Points : 30) Spellchecker I 7. (TCO H) You are the HR VP for the Carringten Auto Brake Lining Company. A recent economic downturn has seriously affected the auto industry and your company, as well.