BTEC National level 3 P1 I have been asked to identify two different businesses and to research about them. The two businesses I have chosen are Apple and Tesco. Apple Inc. is a public limited company in hardware and electronics. Apple Headquarters is located in 1 Infinite Loop Cupertino CA 95014 United States. It has over 500 stores globally with over 30,000 employees.
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Acct Unit 1 Homework Assignment 06/12/15 Question 1: Brady Brothers, a partnership, has total assets of $350,000 and $100,000 of owners’ equity. What are the partnership’s total liabilities? $350,000 – Liabilities = $100,000 $350,000 - $100,000 = $100,000 - $100,000 Answer: $250,000 = Liabilities Question 2: During the first month of operation, Brady Brothers made sales to customers totaling $12,000 but received only $6,000 from customers in cash. Brady Brothers incurred $8,000 for operating expense but only paid $5,000 in cash for those expenses. What was Brady Brothers cash basis income?
The new development had great impact on production such that it was delayed thus delaying delivery of the product by 30 percent. The management had no option but rather to outsource services for its assembly process from China. This called for comprehensive analysis of the situation leading hiring of consultancy services from Grunwald and Vogel. The intention of hiring Grunwald and Vogel was to help the company address the issue of late delivery that affected production. Based on the case study, risk factors that affected outsourcing process included ethical concern, quality and patent protection.
$3,000,000 of the inventory happened secondary to a reversal of a previous write down, which was incurred in 2002. There may be questionable tactics involved and the account warrants further analysis. k) The overall decrease in sales and gross profit was due to a new player entering the market. With the entrance of “Stampy”, Elite had to cut their prices, in order to maintain their current market share. This would explain the difference in gross profit and sales revenue.
MNC Enters India By: Chiquetta Silver International Financial Management Prof. Dent December 2, 2012 Provide a brief summary of the business you chose. Lowe’s was founded in 1946 as a small hardware store and has since grown to the second largest home improvement retailer worldwide. Beginning in North Carolina, Carl Buchanan purchased Wilkesboro Hardware Company from his brother-in-law, where he was part owner. Lowe’s managed to establish a lasting reputation by eliminating the wholesalers and dealing directly with manufacturers. Over its 60 years of business, Lowe’s has expanded all across the country and now operates stores not only in the United States, but also in Mexico and Canada.
Founder Jeff Bezos started selling only books on Amazon.com in 1995. During the first 30 days online, customers in 50 states and 45 countries ordered items. He shipped packages from his
June 10, 2014 Business Context * Keda was founded by Lu Qin in 1992 as small manufacturer of ceramics machinery with $13,500 capital * Recognized as a top 10 building machinery enterprise in the world in less than a decade * In early 2000s become the world leader in building materials machinery * In 2009 Keda almost doubled its reported total revenues in 2006 to US $209 million * In 2005 Keda had introduced three of the top 10 most innovative new machinery products * By 2010 Keda employed over 2000 employees and relied on several key business functions with a broad product offering Key Business Drivers * Centralization and Information Flow – Disconnected business units and very little information flow between them resulted in duplicated processing, redundancy and higher costs. * Integration – To maintain its competitive edge and position it needed to be more informed about production, sales and customers. * Chinese government agencies encouraged innovation to promote computerization in an effort to catch up with foreign firms * Inventory management – Poor management of materials and parts resulted in waste, inaccurate costing and pricing * Demand – Keda struggled to meet demand due to suboptimal use of company resources and facilities * Diversify the product lines – Rapid growth and competition resulted in expanding product offering whereas the company’s MRP solutions didn’t provide multi-plant operations along with no maintenance support Initiative Objectives / Benefits Objectives | Benefits | Computerization at Keda | * Have a planned system with strategic well defined goals * Aligning initiatives with company’s goal to develop its business and prioritizing accordingly * Integrate various departments and streamline information flow | Choosing an ERP vendor | * Avoid mistakes made by other
It was acquired by Whitbread in 1995, since when it has grown to over 1,700 stores across 35 countries. [3] The business has 1,375 UK restaurants, 2,500 Costa Express vending facilities and a further 800 outlets overseas. History Bruno and Sergio Costa founded a coffee
Understand how planning and control are used in operations. Scenario: Dell was established in 1984 in Texas, with only $1000, today Dell has over 5.4 million customers and more than 100,000 team members working for it around the world. Dell claims to “ship more than 10,000 systems every day to customers in 180 countries — that’s more than one every second”. [content.dell.com/uk/en/corp/about-dell] Tasks For the purpose of this assignment, you are the manager of Dell operations department. Task 1 – Operations function (LO1) 1a) Define operations management and, in your opinion, does this definition reflect Dell operations management?