Group Case Study Linear Programming Activity 6.7 Group Case Study: Linear Programming Kenneth Mitchell Robert Neal James Reilly Abe Ortiz MGMT 524 Abstract With the company expanding into several new markets in the coming months, Cable & Moore was anticipating a large increase in sales revenue. The future looked bright for this provider of television, telephone, and Internet services. However, management of Cable & Moore was well aware of the importance of customer service in new markets. If the public had problems with new service and could not quickly and efficiently have their problems solved, demand would quickly erode and it might take years to recover from the bad publicity. Therefore, management was adamant that there would be enough well-trained customer service representatives to handle the calls from new customers and from potential customers.
In the event that the sales increase, the organization will create additional working capital, and can undoubtedly accomplish its yearly objectives. As stated by the organization's profit and loss statement, the organization must control its overhead costs and lessen its selling expenditures. After forecasting the five years sales there is an increase in sales from 15%, 10%, 25% and 50%. The gross profit will also increase every year from $697,428 to
Belot Enterprises Case 1. Auditor David Robinson’s suggested compromise on the review of the Belot’s interim financial report (second quarter-from April1 through June 30) is appropriate. Because Belot Company has been struggled to survive in a mature and intensely competitive industry for several years, and the company has planned to implement an organizational Nail the Number campaign from April1 through June 30 to boost its quarterly operating income by 100 percent so that Belot Company will not be eliminated by its parent company, Helterbrand. During those three months, Belot Company has made many changes on its operation activities, such as products line, sales program, cost-cutting initiatives, and its accounting measurement, etc. Belot’s accounting general manager, Zachariah Crabtree decided to change the accounting method from “conservatism” to “precise point estimate” to record the company’s major discretionary accruals during its second quarter financial report; therefore, the company operating income dramatically has been increased 140 percent higher than the second quarter of prior year.
The toy industry depended on three main factors for growth: the economy, demographics, and new product innovations on a regular basis. The average life for new products in the toy industry was only one or two Christmas seasons. Companies had two choices to maintain their sales strengths. Either they came up with regular product innovations or they relied on strong standby toys. HiTop had changed its marketing strategy during the past two years.
The price sensitive merchandise allows customers to get more for their dollar. Wal-Mart is conveniently open seven days a week, which is appealing in any retail market. The goal is to satisfy the growing needs of customers. The best example of this organizational change that I can think of is the globalization of Wal-Mart. This Organizational change began in 1991 when Sam’s Club opened in Mexico City, Mexico.
Dick’s Sporting Goods is rapidly growing and achieving things that many people thought would be impossible. This year alone, Dick's Sporting Goods has exceeded expectations with its third-quarter results and they have also pleased their shareholders with its plans to start paying dividends. Dick’s Sporting Goods now operates more than 450 shops across 42 states, along with 81 Golf Galaxy stores in 30 states and they do not plan to stop here. Dick's third-quarter net sales rose by 9.3% from the year-earlier, to almost $1.2 billion, with the help of additional sales from 19 newly opened stores. The company's gross margins went up by 126 basis points, to 29.7%, mainly because of better inventory management and a change in the product mix and selling and administration expenses range in at $274.4 million.
Apple operates in an industry where the latest and greatest is old news by mid next month. There are constant changes which lead to huge dollars being spent to stay ahead of the competition. Apple has been successful as of late developing and introducing products that are wanted in the market place. They are extremely successful in creating a buzz around their products and a demand for the products which allows them to keep the prices high. One of the biggest challenges that Apple is facing is the compatibility to other computers and devices.
Andrew Murphy, director of operational development, said: "This week was another strong one in the steady build to Christmas. Sales beat last year's figures by 9%. Our new-format shop in Poole opened to enthusiastic customers. Meanwhile, seasonal purchasing kicked off strongly in some parts of tbe country, but with tbe staggering of half-term, tbe full effect won't be clear until next week. "We continue to keep a watchful eye on our two-year comparisons, which remind us we are not yet trading at a level tbat could allow us to relax or believe tbat sustained growth will come easy at any point in the near future."
Product companies creating branded content to appeal to kids is as old as the first days of television. But Montgomery and others say virtual worlds and related games change the equation for brand marketers because a child's interaction and emotional engagement is so
Child Care Site Program Inquiry At LC Academy the staff is very committed to promote the growth of children. Their policy and philosophy is very simple. Their philosophy is to provide a stimulating atmosphere in which infants and toddlers, and school-age children can grow and mature in many areas including emotionally, physically, socially, and intellectually while in a safe environment. This environment will not only be safe, it will allow children’s curiosity to direct their learning, promote respect for things and people, and help the teacher guide the children. The ages of the children they help look after are from 6 weeks to 12 years old.