I showed up at my company on a Friday afternoon. This is where I met SSG Wilson. He was a little different from what I was used to. He started asking me about my family and trying to find out if we had a place to stay yet. I informed him that my wife was still in Staten Island NY because I wasn’t sure how fast I would be able to get a house.
Name: Date: February 4, 2014 Case Title: Omega Paw Inc. 1. Key Events: * In September 2012, Ebert invented a self cleaning litter box and had set up a company to distribute this and other pet care products across north America * In August 2011 after 4 months of advertising in magazines and tv commercial,s, omega sold 2500 units, but there was an issue with the moulds and people who ordered had to wait a few weeks * In August 2011, they decided to end direct to customer, and targets pet stores. They sold for a few months but the prototypes were not perfect so it damaged the reputation a bit * By December 2011, the new and improved edition was ready and sold in Canada still. Was also picked up by 6 US distributors. * By January 2012, Omega began using Manufacturer representatives to sell to distributors.
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.
Introduction: This case summary considers the Richard Ivey School of Business case ‘Creemore Springs Brewery: Branding Without Advertising’ prepared by Mark . Creemore Springs Vice President of Marketing, Howard Thompson, stated issue is whether to expand capacity of the Creemore Springs brewery from 27,000 hectoliters to 50,000 hl. Core Issue: Creemore Springs has been profitable from the first year of operation but is experiencing a production bottleneck - the brew house requires an expansion to accommodate a 50 hl kettle. A $3 million capital investment would allow production to almost double to 50,000 hl. The company has built its brand as a “beer that is discovered” rather than using traditional beer marketing strategies.
Although the customers only needed the shipment the following year, this would be a way to exceed the targeted budget. Instead of offering the customers an early discount for receiving the merchandise earlier, Campbell sent the merchandise and reported the sales to be included in the financial reports. As a result of this procedure, the reported sales for the fourth quarter exceeded the budgeted amount with $80,000.00. The actual sales revenue for the year was over with $14,000.00. The internal auditors questioned why the two shipments were done before December 31, since the requested dates were in the following year.
Retreived from:http://money.cnn.com/2007/01/03/news/companies/home_depot/index.htmMcNamara, C. (2007). Management Function of Coordinating / Controlling: Overview of Basic Methods. Retrieved from:http://www.managementhelp.org/cntrllng/cntrllng.htm8 ------------------------------------------------- Problem MCS design that would put home depot back to growth and profitability POV Business consultant for Blake Framework: * Management and leadership style Nardelli * Chosen by co-founders Marcus and Arthur Blank to bring scale and organization to Home Depot No experience in retail Came from GE – a culture of cost cutting and efficiency Emphasis on data & processes rather than people and services Blake * Lawyer by training Not rally-the-troops type Lacked experience but first move as CEO was to seek advice from the founders * Strategy Nardelli * Shifted from retail and expanded into contracting and building supply resulted to improved financial performance Focus on operational efficiencies and savings at the expense of customer satisfaction Dirty stores, rude and fewer employees Made little effort to restore customer
That gave them a current ratio of 1.42:1. When assessing a current ratio most people look for a ratio of 2:1 or greater. Although Home Depot did show improvement from 2013 to 2014 in their ratio, they still did not reach the 2:1 ratio in either year. This could be a red flag for analysts, creditors, and investors. (Principles,
Living conditions for Spurlock and his fiancé are a huge step down from their real life home. When renting the apartment that would be their home for the next 30 days the landlord informs them that up until a week ago the apartment below them had been a crack house. They soon discover that they will be sharing their living space with the ants and cockroaches. Spurlock states that “home is suppose to be a refuge, a sanctuary, somewhere to go to relax and be happy and our apartment is not.” Spurlock works as a day laborer first in construction then switches to landscaping because it pays more
Alex expects the revenues to grow by 30% for the next three years because cleanup of the devastating tornado will take that long. You prepared ABI’s taxes in March of this year and Alex Lee, owner of ABI, Inc., has contacted you again for your advice. Jackson Lee, Alex’s oldest son, would like money to start a business and has said that this is a good avenue to avoid paying estate taxes after his father’s death. Alex’s wife died last year and he has not given any money to his children in the past.
Is there any new things that they have introduced to their bodies in the last couple of days? I need to make a connections. Nothing was the same for any of them. Now our medical teams has decided to ask all of them if they could go and look in their houses and places of work to find a common connection. Since I was already at work for the last eighteen hours I was not allowed to stay any longer even though I truly wanted to stay with my