Summary * Established By Rowland Hussey Macy in 1851. * Operates 850 Stores in 45 states. * Has been in Business for 151 years * Sales in the First Quarter total $5.199 Billion, down 9.5 percent from sales of $5.747 Billion in the first 13 weeks of 2008. * Operating Loss totaled $114 Million or 2.2 percent of sales for the quarter ended May 2, 2009, compared with Operating Income of $30 Million or 0.5 percent of sales for the same period last year * Online Sales (Macys.com and Bloomingdales.com combined) were up 16.2 percent in the first quarter of 2009 * On May 15, 2009, the Board of Directors of Macy’s, Inc. declared a regular Quarterly Dividend of 5 cents per share on Macy’s Common Stock *
The full time employees take one hour for lunch and half of these full timers go to lunch at 11:00 and the other half at noon. A full time employee can work no more than five hours of overtime per week. They are paid straight time for the overtime hours worked. Full time employees cost the bank on average $10.11 per hour, including benefits and $8.08 per hour in overtime pay. The part time employee has an average cost of $7.82 per hour.
The company has 60 hours available each week for molding. After the tiles are molded they are baked in a kiln: 0.27 hour for a batch of 100 larger tiles and 0.58 hour for a batch of l00 smaller tiles. The company has 105 hours available each week for baking. After baking, the tiles are either colored or patterned and glazed. This process takes 0.16 hour for a batch of 100 larger tiles and 0.20 hour for a batch of 100 smaller tiles.
The same concept applies towards the student who scores a 32 on the ACT compared with a student who scored a 22. It's no wonder why American students tend to have lower scores compared to other countries, such as Japan. Currently, the United States has the shortest school year with an average of 180 days while Japan, who is also in the lead has a whopping average of 243 per year. Now, some people may say that the 63 day difference is not much, but lets assume that both Japan and the United States have a regular seven hour school day, that's 441 more hours of education that Japan students receive than the students from the states. Or lets put it this way, there are 365 days in a year-considering it a regular year- that's 260 weekdays, give or take minus the 243 days of school that Japan students attend, that's only 17 days of break that they receive; compared to the US that has 80 non school days.
Imports are greater than exports, and so the net effect of trade is a deficit and its net export it –3% The government spending is 19% because state and local governments can't spend more during a recession. They are usually mandated to balance their budgets, and so must cut spending when tax revenues
4. Ingram Co. manufactures office furniture. During the most productive month of the year, 3,661 desks were manufactured at a total cost of $84,545. In its slowest month, the company made 1,137 desks at a cost of $41,432. Using the high-low method of cost estimation determine total fixed costs are.
The company’s cash and cash equivalents started the year with $12.66B and ended with $9.58B, a 24.83% drop during the year. This was quite different than the previous year. In 2011 cash and cash equivalents began with $7.82 B, but increased by an impressive $4.84B, or 61.9% during the year. Stock price for ExxonMobil (XOM) ended on April 26, 2013 at $88.00. Over a two year period, the
“In 2001, the average pay of a Wal-Mart worker was $8.23 per hour, more than two dollars less per hour than the average supermarket employee wage of $10.35 per hour. Furthermore, Wal-Mart associates only average 32 hours a week, causing many
The first cost is the $1,750 that the salon incurs each month for fixed costs. This fixed cost amounts to $21,000 annually when the monthly cost is multiplied by 12 for the months. Next, each barber works 2,000 hours a
A recent report by the Marijuana Industry Group indicates that since January, the state’s newfound recreational pot trade has created upwards of 10,000 new jobs, with 2,000 joining the green collar workforce just in the past few months – this doesn’t include jobs created by medical marijuana sales.The state is now enjoying one of the lowest unemployment rates in the nation – 6% – which is the lowest it has been since the recession started. So much for those old sayings about pot-heads being lazy. That’s an additional 10,000 people in a labor force out working, instead of collecting unemployment. That’s good for everyone. (“Natural