However, even with this change in values, the company is still under its breakeven point. The new breakeven point, with a 10% decrease in average prices and an increase in units sold to 14000, would be equal to 14,945 units and $10,297,105. 3) Gretchen’s idea to eliminate sales commissions, morally, may not be the correct decision because it works in a way to motivate the sales people. Without this commission, in the
A recession is the part of the business cycle which is characterised by falling levels of demand, very little investment, low business confidence and rising levels of unemployment. It is neither as long lasting nor as severe as a depression. A recession is two successive declines in quarterly gross domestic product. A recession provides extremely harsh conditions for businesses to survive in, in order to survive a recession businesses have to adopt strategies that they believe are they best way for them to see through the recession and continue to make a profit on the other side. One strategy that a business can implement is to cut costs.
The shareowner’s deficit has decreased over the year substantially. This is very good news for shareholders because they do not want to be in a deficit but in a surplus so that they can being receiving dividend payouts. Concerns that investors and creditors may have just by looking at this statement are that it only shows one year of information. They may require more information to see a real trend over a period of time. Although from 2003 to 2004 was a positive year, before that there could have been negative trends.
Knowledge questions – unit 202 1.1 Explain the purpose and benefits of continuously improving own performance in a business environment. This improves the quality of my work which in turn proves that I am capable of further responsibility such as managing the budget. More experience and responsibility could be useful in gaining future job roles. 1.2 Explain the purpose and value of encouraging and accepting feedback from others. The purpose of feedback is to let me know what I am doing is correct or indeed incorrect as the case may be sometimes.
In the first and second quarters of 2012 the earnings were below expectations because of a bad economy and slowing sales of recreational activities. It was determined in Q3 that performing an interim goodwill impairment test was unnecessary after reviewing ASC 350 and this determination was accurate. According to the ASC 350 an interim test is only necessary if an event occurs that would cause the fair value to be reduced below the carrying amount or if the carrying amount is zero or negative. Circumstances that would cause the fair value to fall below the carrying value are things such as macroeconomic conditions, industry and market considerations, cost factors like an increase in labor or raw materials costs, and overall changes in financial performance. There were no significant events or circumstances that would lead Galaxy to believe that the fair value was more likely than not to fall below the carrying value, expect maybe the fact that the market was not doing well.
Managers must, therefore, be prepared to invest in their personnel, and, to take some risks at both the personal and organizational levels. Team systems increase flexibility; open channels for improvement and, when properly used, managed and supported can lead to higher functioning of the team. Employees can be a great sources of ideas but, to take advantage of their knowledge and Skills, you must first get them to participate. People have different levels of desire and willingness to be participative. Some of the strategies I would use are; • Brainstorming to involve all team members.
And so far only property damages have been reported with the trailer failure. I would think A-1 trailers must be optimistic about the future trailer accidents that it might cause only property damage and can settle it when it happens. But they can always fix the issue with the production of new trailers. This way the company would suffer only $12 million cost, and that is only if there are so many accidents as estimated by the law firm. If there is less number of accidents than estimated, the company would save even more and not incur all the expense that the law firm estimated.
It has come to increase efficiency, reduce overhead, and maximize competitive advantage. Collins emphasizes heavily that technology shouldn't be used and regarded as the remedy to a company and the crash of the tech bubble in the early 2000's revealed this. Collins contends that the good to great companies approach the prospect of new and emerging technologies with the same careful management and deliberation that characterizes all of their other business decisions. These companies tend to apply technology in a manner that is reflective of their "hedgehog concepts", typically by selecting and focusing solely upon the development of a few technologies that are fundamentally compatible with their established strengths and objectives. Collins characterizes the ideal approach to technology with the following cycle: "Pause, Think, Crawl, Walk,
The current cost of spreading technology has fallen. This will help countries be able to afford the technologies in the future and it will keep the countries from going into so much debt to receive the technologies in the first place. In Rethinking Development Economics it was stated that “information is easier to access and the cost of transmitting it has fallen to very low levels” (Rethinking Development Economics, p. 277). Undeveloped countries are able to find greater interdependence. They no longer find themselves having to rely on big brother countries, or flailing in the mud, because no one is aiding them.
b) What are the benefits of continuously improving performance at work? Please state at least two. Benefit 1: There is a chance of a promotion as my employer will see how hard I work and the work I produce which leads to more money for me Benefit 2: I will be able to take on more skills which will broaden my career opportunities and may lead to getting a better paid job in another organization 1.2 a) What is the purpose of encouraging and accepting feedback from others? The purpose of encouraging and accepting feedback from others will help me improve how I produce my work tasks. I will learn from mistakes I have made and ensure I carry out work duties correctly the next time around.