Q: Your team is conducting a CVP analysis for a new product. Different sales projections have different…
A: Cost estimation is defined as the approximation of the program or operation or project cost. It is…
Q: Company XYZ is specialized in producing and selling smart watches. The company currently has two…
A: Sales:-It is the grand total sales obtained by adding and subtracting all related discounts and…
Q: Using the key value driver formula, what is the enterprise value in each scenario?
A: key driver formula scenario 1----> Value=…
Q: What are the important EOQ assumptions and comment if these assumptions are realistic in a…
A: Since there are multiple questions, we will solve first for you. To get the remaining questions…
Q: Congratulations! You have just secured a position as an analyst at Voyager Enterprises. Your first…
A: To calculate expected return on Kazon Inc., we will multiply probabilities to return and then add…
Q: Measure Maps Rizzo Goal Inc. produces and sells hockey equipment, often custom made for online…
A:
Q: Company XYZ is specialized in producing and selling smart watches. The company currently has two…
A: The sales commission is the commission given to Sales person to sell more products.
Q: Based the LTV example in the marketing math spreadsheet, what is false? a. Life time value for the…
A: The fixed and variable costs: The variable costs are those costs that vary with output. The greater…
Q: Measure Maps Rizzo Goal Inc. produces and sells hockey equipment, often custom made for online…
A: What is the retention rate? The maintenance proportion is the extent of profit held back in the…
Q: James is an executive with ABC Digital. He is looking at the company sales for that past six…
A: Different types of analytical frameworks are used to make decisions about the future. Some describe…
Q: Directions: For each situation, select one option you think will help increase profit. Put the…
A: There are various means to attract the customer. Also the company takes various steps to decrease…
Q: inal report to Tracy will be two fold. You are to write at least a one page paper to Tracy offering…
A: In traditional income statements, product costs are separated from period cost. In Variable income…
Q: A marketing manager for the Dental Products Division of a large firm is considering whether to…
A: Budget:- The term budget is defined as the estimation of revenue and expenditure of a particular…
Q: The Managerial ProcessEach of the following scenarios requires the use of accountinginformation to…
A: The management of the company is the main responsible for preparing the financial statements which…
Q: In a company, the development and project team faced two opportunities, and evaluated each…
A: First let us calculate the weighted scores of opportunity A and B given the weights in each…
Q: The Midwest Consulting Group (MCG) helps companies build balanced scorecards. As part of…
A: Balanced scorecard: It is a tool to measure the performance that relates a company’s strategy to…
Q: Just Born is a popular chain of retail outlets operating in Sultanate of Oman. The organization…
A: Advanced planning as well as scheduling states the procedure of manufacturing management through…
Q: Prepare a 1-2 page double spaced memo to the company president, David Morgan (a former top…
A: Answer - Working - Particulars Calculation Amount First Allocation 1st half of fixed…
Q: Forecasts using Point-of-Sales (POS) systems are based on A.different deterministic factors that…
A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…
Q: Several important assumptions underlie CVP analysis. Assumptions often help simplify and focus our…
A:
Q: The Miramar Company is going to introduce one of three new products: a widget, a hummer, or a…
A: Answer 1. The expected value for each decision and the best one (without perfect information). Below…
Q: Measure Maps Silver Lining Inc. has a balanced scorecard with a strategy map that shows that…
A: We have the following information: The company’s target hours from ordered to delivered is 20 Every…
Q: Ducan pizzas is a chain of pizza stores pizza are made fresh in syore and then deliverd to customers…
A: Strategic Performance Measurement System: Strategic performance measurement system is an approach…
Q: Measure Maps Silver Lining Inc. has a balanced score card with a strategy map that shows that…
A: Average hours from ordered to shipped is 25.5 Average shipping time(hours from shipped to delivered)…
Q: Prepare a 1-2 page double spaced memo to the company president, David Morgan (a former top…
A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…
Q: A straight rebuy O ocun when an organization has a new need but the customer wants only minimal…
A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…
Q: With the aid of computer software, managers can vary assumptions regarding selling prices, costs,…
A: Sensitivity analysis is a type of financial model that estimates or determines how output is changed…
Q: Ethical Situation: What Would You Do? Discussion Question As one of the newer district sales…
A: In the given situation, the new district sales manager is facing an ethical dilemma as to correctly…
Q: Maximus Steel plans to introduce one of three new products code-named: Wren, Hawk, and Nightingale.…
A: The anticipated value of the product of the value of each condition with their respective…
Q: Assume that you are the team leader of strategic planning and advisory board of M/S XYZ company. The…
A:
Q: a) Using the equation method, calculate the number of units sold in 2018? b) How would your error…
A: I am drafting the answer the second time with calculation on excel as per the requirement.
Q: Muhammad Raza company is a producer of pastries. The company hires an economist to determine the…
A: The demand mechanism states that if all other factors like income, likings, economical…
Q: RRECT THE SENTENCES: Identify the word that makes the sentence incorrect and write down the correct…
A: Gross profit refers to the profit that an organization makes by deducting cost of goods sold from…
Q: (a) The owner of a hotel wants to introduce a Balanced Scorecard (BSC). She has seen that similar…
A: Given, The hotel owner started BSC i.e. balanced scorecard.
Q: The following are some selected quotes from senior executives: CEO, Worthington Industries fa high…
A: Capital Investment analysis Capital investment analysis may be a budgeting tool that firms and…
Q: Measure Maps Silver Lining Inc. has a balanced scorecard with a strategy map that shows that…
A: We have the following information: The company’s target hours from ordered to delivered is 40 Every…
Q: dentify each of the following risks as most likely to be systematic risk or diversifiable risk: The…
A: Systematic risk is the risk which is caused by macroeconomic factors also known as market risk.…
Q: Measure Maps Silver Lining Inc. has a balanced scorecard with a strategy map that shows that…
A: Balanced scorecard is an extremely popular torm ot performance measurement systememployed in…
Q: Measure Maps Silver Lining Inc. has a balanced scorecard with a strategy map that shows that…
A: Average hours from ordered to shipped+Average shipping Time =27.5+15.3 Actual average total…
Q: A sign of the successful implementation of a balanced scorecard is the presence of cause-andeffect…
A: Introduction: The balanced scorecard is a widely used performance measuring technique in businesses…
Q: Risk and return to investment: a buyer for a department store must decide whih designs the stores…
A: For determining the expected net benefit. expected values should be calculated by multiplying the…
1) You should only use the past to forecast the future:
True
False
2) Choose the best answer. 3 uses of forecast and their time frames, Use the system:
|
annually |
||
|
daily/weekly |
||
|
hourly |
||
|
as required |
||
|
monthly |
3) Choose the best match. Judgmental methods, Sales force opinions:
|
questionnaires or focus groups
|
||
|
technological |
||
|
use demand for a similar product
|
||
|
pool opinions of high-level executives
|
||
|
based on direct customer contact
|
4) Choose the answer with the best match. Elements of a Good Forecast, Timely:
|
The degree of accuracy of the forecast should be stated
|
||
|
The forecasting horizon must cover the time necessary to implement possible changes so that its results can be used
|
||
|
The units measured should be useful to those using the forecast
|
||
|
It should work consistently
|
||
|
The benefits should outweigh the costs
|
Step by step
Solved in 3 steps
- The Lockit Company manufactures door knobs for residential homes and apartments. Lockit is considering the use of simple (single-driver) and multiple regression analyses to forecast annual sales because previous forecasts have been inaccurate. The new sales forecast will be used to initiate the budgeting process and to identify more completely the underlying process that generates sales. Larry Husky, the controller of Lockit, has considered many possible independent variables and equations to predict sales and has narrowed his choices to four equations. Husky used annual observations from 20 prior years to estimate each of the four equations. Following are definitions of the variables used in the four equations and a statistical summary of these equations: St=ForecastedsalesindollarsforLockitinperiodtSt1=ActualsalesindollarsforLockitinperiodt1Gt=ForecastedU.S.grossdomesticproductinperiodtGt1=ActualU.S.grossdomesticproductinperiodt1Nt1=Lockitsnetincomeinperiodt1 Required: 1. Write Equations 2 and 4 in the form Y = a + bx. 2. If actual sales are 1,500,000 in the current year, what would be the forecasted sales for Lockit in the coming year? 3. Explain why Larry Husky might prefer Equation 3 to Equation 2. 4. Explain the advantages and disadvantages of using Equation 4 to forecast sales.The following series of statements or phrases are associated with product life-cycle viewpoints. Identify whether each one is associated with the marketing, production, or customer viewpoint. Where possible, identify the particular characteristic being described. If the statement or phrase fits more than one viewpoint, label it as interactive. Explain the interaction. a. Sales are increasing at an increasing rate. b. The cost of maintaining the product after it is purchased. c. The product is losing market acceptance and sales are beginning to decrease. d. A design is chosen to minimize post-purchase costs. e. Ninety percent or more of the costs are committed during the development stage. f. The length of time that the product serves the needs of a customer. g. All the costs associated with a product for its entire life cycle. h. The time in which a product generates revenue for a company. i. Profits tend to reach peak levels during this stage. j. Customers have the lowest price sensitivity during this stage. k. Describes the general sales pattern of a product as it passes through distinct life-cycle stages. l. The concern is with product performance and price. m. Actions taken so that life-cycle profits are maximized. n. Emphasizes internal activities that are needed to develop, produce, market, and service products.Measure Maps Silver Lining Inc. has a balanced scorecard with a strategy map that shows that delivery time and the number of erroneous shipments are expected to affect the company’s ability to satisfy the customer. Further, the strategy map for the balanced scorecard shows that the hours from ordered to delivered affects the percentage of customers who shop again, and the number of erroneous shipments affects the online customer satisfaction rating. The following information is also available: The company’s target hours from ordered to delivered is 30. Every hour over the ordered-to-delivered target results in a 0.5% decrease in the percentage of customers who shop again. The company’s target number of erroneous shipments per year is no more than 55. Every error over the erroneous shipments target results in a 0.5 point decrease in the online customer satisfaction rating and an added future financial loss of $600. The company estimates that for every 1% decrease in the percentage of…
- Measure Maps Silver Lining Inc. has a balanced scorecard with a strategy map that shows that delivery time and the number of erroneous shipments are expected to affect the company’s ability to satisfy the customer. Further, the strategy map for the balanced scorecard shows that the hours from ordered to delivered affects the percentage of customers who shop again, and the number of erroneous shipments affects the online customer satisfaction rating. The following information is also available: The company’s target hours from ordered to delivered is 20. Every hour over the ordered-to-delivered target results in a 0.5% decrease in the percentage of customers who shop again. The company’s target number of erroneous shipments per year is no more than 55. Every error over the erroneous shipments target results in a 0.5 point decrease in the online customer satisfaction rating and an added future financial loss of $800. The company estimates that for every 1% decrease in the percentage of…Measure Maps Silver Lining Inc. has a balanced score card with a strategy map that shows that delivery time and the number of erroneous shippments are expected to affect the company's ability to satisfy the customer. Further, the strategy map for the balanced score scare shows that the hours from ordered to dekivered affects the online customer satisfaction rating. The following information is also available: The company's target hours from ordered to delivered is 30 . Every hour over the ordered-to-delivered target results in a 0.5% decrease in the percentage of customers who shop again. The company's target number of erroneous shipments per year is no more than 55 Every error over the erroneous shipments target results in a 0.5 point decrease in the online customer satisfaction rating and an added future finanical loss of $600. The company estimates that for every 1% decrease in the percentage of customers who stop again, future profit decreases by $3,000 and market share decrease…Internal production supervisors of a company’s product line would be MOST likely to ask which of the following questions? Select answer from the options below 1.How much profit can the company expect to earn this year? 2.What can the company afford to pay its employees this year? 3.Which product line is the least profitable and should be eliminated? 4.How much should the company charge for its products to maximize its profit?
- In a company, the development and project team faced two opportunities, and evaluated each opportunity based on basic criteria and the results were Table 2:1 Comparison between opportunity A and opportunity B Standards Standard weight opportunity A opportunity B Consistency with the company's vision. 0.2 5 4 the expected cost. 0.15 4 5 Increase market share. 0.05 4 4 expected return. 0.1 2 3 advanced technology. 0.05 2 4 Expected time to start production. 0.15 4 5 Legislative approval. 0.1 2 5 product price. 0.2 5 4 Note 1: The chance can take a score from 1 to 5 on each criterion Note 2: The weight of the criterion has the relative importance of each criterion compared to the other criteria Based on the result of the comparison, what is the opportunity that the company is supposed to work on? Preparing a Request for Proposals Document (RFP): Before discussing the method of preparing a…The following are some selected quotes from senior executives: CEO, Worthington Industries fa high technology steel company): "We try to find the best technology, stay ahead of the competition, and serve the customer.... We’ll make any investment that will pay back quickly... but if it is something that we really see as a must down the road, payback is not going to be that important." Chairman of Amgen Inc. (a biotech company): “You cannot really run the numbers, do net present value calculations, because the uncertainties are really gigantic. ... You decide on a project you want to run, and then you run the numbers [as a reality check on your assumptions]. Success in a business like this is much more dependent on tracking rather than on predicting, much more dependent on seeing results over time, tracking and adjusting and readjusting, much more dynamic, much more flexible." Chief Financial Officer of Merck & Co., Inc. (a pharmaceutical company):"... at the individual product…James is an executive with ABC Digital. He is looking at the company sales for that past six quarters in different regions to understand sales trends. What type of analytical framework is used in this scenario? James is an executive with ABC Digital. He is looking at the company sales for that past six quarters in different regions to understand sales trends. What type of analytical framework is used in this scenario? Predictive Analytics Descriptive Analytics Prescriptive Analytics Inferential statistics
- 1.Forecasts using Point-of-Sales (POS) systems are based on A.different deterministic factors that affect market demandB. developments and findings in markets that are relatively similar C.the use of store scanners in weekly and biweekly store audits D.computer analysis of past performance data to predict future market demand 2.For retailers and channel members, an important method of forecasting sales is A.time series models B.econometric models C.sales force composite estimates D.point-of-sales (POS) based projections 3. In primary research, once data has been collected and the questionnaire has been coded, the next step for the researcher is to A.analyze the data B.interpret the data results C.make recommendations from the findings D.input the data into a computer program 4.Among the sampling decisions that must be made, researchers must select the _____, which is the group of individuals who will be included in the survey. A.sample size…Which of the following statements about the RFM analysis above is NOT correct? A) The average response rate is 2.02%. B) Recency metric may perform better to predict responsive customers than Frequency and Mon- etary value metrics. C) The response rate of recency-based quintile 1 (4.50%) is much greater than the average re- sponse rate, implying that company X would be able to reduce the costs incurred for having a successful number of responses in the campaign if it chose the customers only from the quintile (recency-based quintile 1). D) This result shows a failure of predicting profitable customers through the RFM metrics because the response rate does not dramatically vary from monetary value-based quintile 1 to 5.Based on this table below write a business memo addressed to the president recommending the best course of action based on your analysis. In your memo, discuss changes in break-even points, and impacts to the operating leverage. Including a table summarizing your findings would be appropriate. The company’s long-range plan is to grow sales to 250,000 units in the next two to three years. In your memo, summarize the advantages and disadvantages of each of the alternatives. Critically evaluate the alternatives based on current market conditions and any impact each alternative may have on the long-range plan. Write a business memo addressed to the president recommending the best course of action based on your analysis. In your memo, discuss changes in break-even points, and impacts to the operating leverage. Including a table summarizing your findings would be appropriate. The company’s long-range plan is to grow sales to 250,000 units in the next two to three years. In your memo,…
