THE UNITED STATES STEEL INDUSTRY 1. Using the information contained in the case, conduct a five-forces analysis of the U.S. Steel industry. What conclusion can you draw from this? Risk of Entry: The industry tends to be dominated by a few large established enterprises that have the scale required to bear the considerable costs and risks associated with steel changes and, moreover, can afford to spend large amounts of money to promote their steel in the marketplace. New entrants face a steadily increasing minimum efficient scale of production, meaning that more and more of a niche is required to achieve any economies of scale.
Dolls-R-Us Dolls-R-Us is a manufacture of toy dolls, with three product lines: Penny, Suzie, and Lori. Its annual fixed costs of $85,000 consist of the following: Rent: $36,000 Administration $25,000 Depreciation $12,000 Other $12,000 Information on the three products is shown below: | Penny | Suzie | Lori | Selling price | $14 | $10 | $20 | Direct costs (per unit) | $4 | $3 | $5 | Direct labor cost (per unit) | $3 | $2 | $5 | Sales volume (units) | 15,000 | 15,000 | 15,000 | Number of employees | 3 | 2 | 3 | Floor space (sq. meter) | 3,000 | 3,000 | 4,000 | Value of machinery and equipment | $30,000 | $25,000 | $35,000 | 1. Calculate the unit contribution for each of the three products. Penny – $7 Suzie - $5 Lori - $10 2.
Do Do large firms pay higher wages than small firms? Shiying Chen Abstract： Wage is one of the most important considerations as well as the firm size for job seekers to choose their desirable jobs. The companies providing good wages will gain more competitiveness in the labor market and attract more qualified employees with high productivity. However, due to the difference in capital and resources, the payments for the same occupations in large firms and small firms may vary and cause unbalanced labor supplies. To study the relationship between wages and firm-size, this paper combines statistics analysis with labor economic theories to explain why large firms pay higher wages than small firms and discusses the reasons that lead to the wage difference from the labor economics aspect and puts forward several suggestions to narrow the gap.
Set out the following balances in a published balance sheet, including all the titles and headings required. The company draws up accounts for the year ended 31 December 2013 Share capital 25,200 Retained profits 25,350 Cash 900 Trade creditors 4,800 Plant, property and equipment cost 128,850 Share premium 18,000 Stock 5,400 Trade debtors 2,400 Accruals for expenses 1,800 Prepayments for expenses 3,900 Bad debt provision 300 Loans over one year 6,000 Plant, property and equipment accumulated depreciation 60,000 QUESTION B1 - Credi Ltd is a company with a financial year-end at 30 September 2014 The company had two identical fixed assets at 30 September 2014. Prior to recording the depreciation charge for the year and the effects of fixed asset disposal, each had a cost of £250,000 and each an accumulated depreciation of £160,000. Each had a residual value of £10,000 and a six year life originally. On 30 September 2014, one of the fixed assets was sold for £75,000 in cash.
Outsource painting of motors 2. Upgrade process to e-coating 3. Optimize new space from old gutted paint station -Quantitative Analysis Rondot Worldwide(RW)/Automotive(RA)/Jackson Plant(JP) * Operates in more than 100 countries (RW) * Employs more than 200,000 people(RW) * Operates in 25 countries(RA) * Operates 85 plants(RA) * Produces Approximately 7 million motors per year(JP) * # of employees dropped from 1450 to 600(JP) * Quality specifications, motors must withstand 240 hours of salt spray testing. Outsourcing Opportunity (Continuous-flow wet paint system specs) * Installed 17 years ago * Uses 20,000-square-foot section of the plant * 25 cent operation cost per housing due to * 10 cent material cost * 3 cent labor cost * 12 cent overhead cost (tax, energy, maintenance, corporate fees) Greven E-Coating * Fits ⅚ of the the families of housings (60% of housing volume) * 15 cent cost each to install -Qualitative Analysis Randot worldwide was evaluating an important outsourcing opportunity collecting important information for
The adult admission is $8 and the children’s admission is $4. How many adult patrons were there? Mixture Problem One solution is 20% acid and another is 12% acid. How many cubic centimetres of each solution should be mixed to obtain 100 cubic centimetres of a solution that is 15% acid? Cost and Revenue A manufacturer sells a product at $8.35 per unit, selling all produced.
Customer Analysis The total industrial consumption of cyano-acrylates which the new Bond-A-Matic 2000 would dispense was 265,000 pounds in FY 1978, expected to grow to about 335,000 pounds in FY 1979. Across 16 SIC categories, approximately 174,909 firms currently used cyano-acrylates (at a 15.5% market penetration.) 11% of CA users, i.e. approximately 19,240 firms used over 10 pounds of CAs per year, comprising at-least 75% of total current market. Assuming that growth in the CA segment stagnates, and that only heavy CA applicators would be interested in dispensing equipment the total market is still estimated at 19,240 users.
( 9 marks ) (b) Calculate the total working hours. ( 1 mark ) Question 2 ( 10 marks ) Complete the following transportation table for initial solution, using | To | D | E | F | Supply | From | | | | | | A | | | 9 | | 5 | | 3 | 400 | B | | | 7 | | 3 | | 7 | 300 | C | | | 10 | | 2 | | 8 | 200 | Demand | | 450 | | 220 | | 230 | | 900 | (a) Northwest Corner Method ( 4.5 marks ) (b) Least Cost Method ( 4.5 marks ) (c) Which initial solution produces the lowest total cost ? ( 1 mark ) Question 3 ( 10 marks ) Suki Corp specializes in manufacturing computer tables. It is considering of building a new factory to manufacture the tables. The size of the factory is either large, medium and small.
Such as a suit store will have ties selling at ten dollars per unit, shirts at thirty per unit, paints and so on, this is an example of sales mix. The formula illustrated in chapter 6-12, as I show above, which uses unit selling price minus unit variable costs equals contribution margin per unit. if you use this formula and if you increase the unit selling price you will have a higher contribution margin per unit. An example of this is; if my company DL inc. sells dishwashers at eight hundred dollars per unit and its variable cost per unit is three hundred dollars , how much it cost to make, my contribution margin is five hundred dollars. So if I raise my dishwashers sales from eight hundred dollars to nine hundred I will increase my contribution margin by a hundred dollars.
Practice Test #1 Problem Solving (196 Questions) 1. 409-!-item-!-187;#058&000306 A grocery store purchased crates of 40 oranges each for $5.00 per crate and then sold each orange for $0.20. What was the store's gross profit on each crate of oranges? (A) $3.00 (B) $6.00 (C) $8.00 (D) $10.00 (E) $13.00 2. 455-!-item-!-187;#058&000316 The product P of two prime numbers is between 9 and 55.