It takes about 36 hours to make the switch. This down time for set up is costing them a lot of money. Their competitors, who may operate more efficiently, aren’t loosing this time and money. Albatross Anchors charges $8 per pound for the bell anchors and $11 per pound for the snag hook anchors so they are charging about the same price as their competitors and with their slower production time, it’s almost impossible for them to be
Knowing the internal and external factors as a manager can make the difference between success and failure of a business. Managers should be flexible when making decisions within an organization. The organization I have selected is my friend’s business, a local automotive shop. His shop is growing and business is very busy. Constant improvements are being made in all areas of his business in order to help it succeed.
In groups of three or four, make a list of possible reasons that the actual ending inventory might not agree with the ending inventory according to a computer system. Jason Tierro, an inventory Jason Tierro, an inventory clerk at Lexmar Company, is responsible for taking a physical count of the goods on hand at the end of the year. He has been performing this duty for several years. This year, Jason was very busy due to a shortage of personnel at the company, so he decided to just estimate the amount of ending inventory instead of doing an accurate count. He reasoned that he could come very close to the true amount because of his past experience working with inventory.
They find that the boots wear out in an average of 208 days, but the exact amount of time varies, following a normal distribution with a standard deviation of 14 days. For an upcoming ad campaign, you need to know the percent of the pairs that last longer than six months-that is, 180 days. Use the empirical rule to approximate this percent. • 97.5% • 95% • 2.5% • 5% 5. __________involves ensuring proper strategic controls and organizational designs.
Macy’s decreased its purchase of inventory and property and equipment and decrease disposition of property and equipment year by year. The cash flow changes of property and equipment are difficult to evaluate because the company opens and closes several stores each year. The cash used to capitalized software increased each year, which maybe a good investment because it could help the company generate more website sells. In 2006, Macy’s got $1,887 million from proceeds from the disposition of After Hours Formalwear and Lord & Taylor, which caused a cash inflow from
Business Research Process Sean Trowbridge RES/351 January 3, 2012 Business Research Process I’m employed by a company that distributes high end cosmetic brushes to makeup and cosmetology retailers. We distribute a line of brushes that have changed little in the last 40 years. However despite a stabilized product line, our company is involved in a substantial amount of predictive studies in an attempt to stay ahead of trends. As with many industries, the beauty industry is a difficult one to stay current in. There are always new contenders attempting to create and sell the consumers on the latest trend it makeup application.
Sitting at the top are those that have been unemployed for 15 weeks averaging about 8.5 million unemployed. Below them are those that have been unemployed 27 weeks and over averaging about 6.3 million unemployed. Why are there more unemployed at 15 weeks than 27 weeks? This may be the fact that people are finding jobs before they hit the 27 week mark. However, we may see a change in this if the economy stays as it is because all the people in that 15 week unemployment range are on their way to the 27 week unemployment range if a job cannot be found.
Initially, for at least the first few months, there will be a lag between what we have available and what the customers or clients know we stock. This could cause decreased inquiries or sales of the specific new models until updated marketing materials are distributed and the website is updated. Another potential risk is the longevity, or “shelf-life” of both the pediatric and bariatric models. We expect there to be increased “wear and tear” for both models, which could reduce the rentable time by 5-10 weeks, decreasing the profit for the rental models. Lastly, increased inventory requires more space.
The decrease in expenses observed in 2009 was primarily due to cost-containment measures implemented at the Company’s global and regional offices beginning in the fourth quarter of fiscal year 2008 (10-K, p. 20). Pre-opening Expenses, Relocation, Store Closure and Lease Termination Costs These expenses have been falling over the last few years. This decrease is due to the company’s consistently having relocated or closed fewer stores annually from 2008 to 2010. Interest Expense Interest expense, net of amounts capitalized, has decreased by a small amount in the last few years. Interest expense for these years consists principally of interest expense on the term loan entered into on August 28, 2007 to finance the acquisition of Wild Oats Markets.
Also, depending on the industry, in order to give consumers the low prices that they hold as the Holy Grail manufacturers often have to give up the quality of the product. I have worked in retail for over ten years and I see this on a daily basis. People get upset when their $12 flip flops blow out, but when you show them the $50 flip flops that come with a 5 year warranty, most of the time they want nothing to do with it. Fashion of course is an industry that doesn’t make items obsolete, but things simply go out of style. But once again, the fashion retail industry doesn’t force people to go out and buy the latest trends.