4. Consider annual revenue data in billions of dollars for the 10-year period 2008-2017 for two retailers: Amazon 19.1 24.5 32.4 48.1 61.1 74.5 89.0 107.9 136.0 Walmart 402.2 406.1 420.0 445.0 467.2 474.5 483.5 480.0 482.2 a. Forecast revenues in 2021 for each company using linear extrapolation in Excel. 177.9 496.8
Q: 10.3. The Ashton Furniture Company manufactures coffee tables and chests of drawers. Last year the…
A:
Q: Use the following data and table to calculate the correlation coefficient and interpret the result.
A: First of all, the line items per order are to be calculated: Day Line items Orders Line items per…
Q: 7a. Define industry. 7b. Discuss the life cycle of industry development in the United States, for…
A: Organizational development is a systematic approach that is used by the business for improving the…
Q: Part 1. (A) Describe at least 2 benefits of an organization outsourcing its production…
A: Outsourcing is the practice of hiring an external company or individual to perform tasks or provide…
Q: A company produces lumber at four productions sites, P₁, P2, P3, and P4, and must transport them to…
A:
Q: a. Explain environmental analysis of Coca-Cola Company. This analysis should include an assessment…
A: Coca-Cola is one of the world's largest beverage companies, with a presence in over 200 countries.…
Q: If you could find a way to increase the machine's production while also reducing its downtime, what…
A: Increasing production while reducing downtime is common goal for many industries, and there are…
Q: Cost reductions that may be realised by project managers as a consequence of using static and path…
A: Static and path testing metrics are valuable tools for project managers to improve software quality,…
Q: A machine cycle, or process loop, contains four steps. Which proportion of a machine's cycle time is…
A: A machine cycle, also known as a process loop, is a series of stages that a machine takes to…
Q: List and describe the steps in a six sigma process. (DMAIC) ?
A: DMAIC is a Six Sigma process improvement methodology. It stands for Define, Measure, Analyze,…
Q: a) Use the above table to construct a project network diagram. b) Determine the critical path for…
A: A network diagram shows the link of each task with the duration taken by each activity with respect…
Q: An operations manager has compiled the information below for four manufacturing alternatives (A, B,…
A:
Q: The manufacturer of a popular personal computer has orders from two dealers. Dealer D, wants at…
A: Warehouse management includes all those activities that are important for the storing of goods in an…
Q: The network below shows the flows possible between pairs of six locations. A graph with 6 nodes and…
A: Linear Programming is a mathematical and statistical tool that is used in operations management to…
Q: If you were consulted by Fina, what would you advice her ? why?
A: Management is about planning, organizing, leading, and controlling resources to achieve…
Q: Explain the postal rule in detail.
A: Postal Rule Postal rule is a contract law principle. The postal acceptance rule is also known as…
Q: Communication in organizations Mention and explain in your own words the determining factors in…
A: Effective communication is critical in organisations because it fosters collaboration, coordination,…
Q: These four components make up what is sometimes referred to as a process loop but is more often…
A: The below question explores the different components of a machine cycle or process loop and their…
Q: Woodenleg is a major furniture producer and has recently received a large order of Wardrobes from a…
A: Find the Given details below:
Q: Using the same file but with a different worksheet, solve the following problem. Rename the…
A:
Q: You are given the following information regarding sales and inventory levels over time for your firm…
A: In inventory management, safety stock refers to excess inventory that a firm keeps above and beyond…
Q: A company must choose whether to manufacture a component product in-house or to outsource the work…
A: Deciding whether to produce a component product internally or contract the labor to a third party…
Q: Consider this statement: “Japanese corporations typically involve many more organizational levels…
A: In this response, we explore the advantages and limitations of involving many organizational levels…
Q: Explain the difference between managing and leading.
A: Managing and Leading play a important role in any organization. Managing: Managing is the process…
Q: Instructions: Create your preference matrix in an excel spread sheet. Please calculate the weighted…
A:
Q: Complete the following MRP record. Note that the minimum order quantity is 100. What is the average…
A: Find the Given details below: Week 1 2 3 4 5 6 Gross Requirements 0 500 600 600 250 250…
Q: Roedel Electronics produces tablet computer accessories, including integrated keyboard tablet stands…
A:
Q: (e) Solve the mixed-integer linear program formulated in part (d). How much of each product should…
A: Objective Functions and Constraints: Based on the given details, the objective…
Q: After watching the Consumer Decision Making Presentation, complete the following spread sheet and…
A: Conjunctive Method of Decision Making: In this method, when the ratings of any of the attributes for…
Q: too
A: Central Processing Unit (CPU) : The CPU is the brain of a computer, containing all the circuitry…
Q: How can parties protect their intellectual property rights in contracts, and what are the…
A: This is a discussion about how parties can protect their intellectual property rights in contracts,…
Q: Activity Predecessor A B C D E F G H I J K L M N O A A C B C E,D G H F I,J K L J M,N 21112 663 29999…
A: A network diagram is a grapghical representation of project which helps to identify the activity…
Q: ISO 27002 Supplier Relationships (Section 15) was added in the 2013 version. Discuss your opinion…
A: The best practices and principles of information security management are outlined in ISO 27002:2013,…
Q: A contractor has a contract to construct a 9,000-ft-long tunnel in 30 months. He is trying to decide…
A: Given: The contract for a 9000 ft tunnel is to be completed in 30 months. i = 1% per month…
Q: Advertising model Inputs Exposures to various groups per ad Men 18-35 Men 36-55 Men >55 Women 18-35…
A: Find the Given details below: Given details: Constraints: women > 55 Advertising plan…
Q: A. Find the total inventory costs if using inventory policy.
A: Here, for each part, I would determine the Economic order quantity, then, I would determine the…
Q: In a job shop operation, four jobs may be performed on any of four machines. The hours required for…
A: We are given 4 jobs and 4 machines. This has to be optimally assigned.+ Let xa|b be the decision…
Q: What would you prioritise if forced to convert to a batch-processing system? Explain your pol vote.
A: Companies gather information from a variety of internal and external resources. Combining this data…
Q: When critically appraising research, the evaluation includes strengths, limitations, and value to…
A: Research is the scientific study of a problem that a business organization faces. Research is done…
Q: Q3) A farmers' cooperative association plans to build a new sugar mill in Southwestern Louisiana.…
A:
Q: How do different types of contracts, such as sales contracts, employment contracts, and lease…
A: There are the different types of contracts have their own unique terms and requirements.This is…
Q: Joyful Journeys Music School provides private music lessons for elementary students. Its operating…
A: Breakeven point is indicating the quantity level or total dollar value which facilitate the total…
Q: Make a Competitive Advantage of Singapore competitiveness or competitive advantage by applying…
A: Effective management includes all those operations that were performed by the manager for managing…
Q: application
A: Conflict: It is any disagreement, opposition of any kind, argument or hatred between two persons…
Q: A beer distributor needs to plan how to make deliveries from its warehouse (node 1) to a supermarket…
A: Linear Programming is a mathematical and statistical tool that is used in operations management to…
Q: Write a note on Just-in-Time system for production planning.
A: Production planning is the process of selecting the resources, materials, and schedule needed to…
Q: the average aggregate inventory value of the product if ruby star used vendor 1 exclusively is…
A: Average weekly demand= 30 units Value of 1 unit = $60 Safety stock duration = 4 weeks Vendor 1:…
Q: Harbor delivery service: case study Based on the two pictures below. And based in the solution in…
A: Decision-making is the process of making the best decision from the various alternatives available…
Q: Does this imply that developers have a responsibility to produce code that can be maintained even if…
A: Business management includes all those activities which are important for the smooth implementation…
Q: Help combat crime in Kampala by taking the lead. Artificial intelligence (AI) might be utilised to…
A: Management includes all those activities that are important for a business organization to manage…
b. Based on this extrapolation, when would Amazon be predicted to equal Walmart in revenue?
c. Why has Amazon been growing faster than Walmart? Is the slow growth of Walmart related to
Trending now
This is a popular solution!
Step by step
Solved in 5 steps with 8 images
- Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. Is Ben Gibson acting legally? Is he acting ethically? Why or why not?Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. Ethical decisions that affect a buyers ethical perspective usually involve the organizational environment, cultural environment, personal environment, and industry environment. Analyze this scenario using these four variables.
- Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What should Sharon do in this situation?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?Under what conditions might a firm use multiple forecasting methods?
- The Baker Company wants to develop a budget to predict how overhead costs vary with activity levels. Management is trying to decide whether direct labor hours (DLH) or units produced is the better measure of activity for the firm. Monthly data for the preceding 24 months appear in the file P13_40.xlsx. Use regression analysis to determine which measure, DLH or Units (or both), should be used for the budget. How would the regression equation be used to obtain the budget for the firms overhead costs?The table below shows the sales of widgets (in units) over the past 5 years. Using exponential smoothing with a smoothing constant of 0.2, what is the forecast for next year? The initial forecast (for 5 years ago) was 1,200 units. Forecast: Time Sales 5 years ago 1,140 4 years ago 1,220 3 years ago 1,450 2 years ago 1,090 Last year 1,150 (Do not round intermediate calculations, round your final answer to the nearest whole number.)Corporate triple-A bond interest rates for 12 consecutive months follow. 9.6 9.4 9.5 9.7 9.9 9.8 9.8 10.6 10.0 9.8 9.6 9.6 (b) Develop three-month and four-month moving averages for this time series. (Round your answers to two decimal places.) Month Time SeriesValue 3-Month MovingAverage Forecast 4-Month MovingAverage Forecast 1 9.6 2 9.4 3 9.5 4 9.7 5 9.9 6 9.8 7 9.8 8 10.6 9 10.0 10 9.8 11 9.6 12 9.6 (c) Using the more accurate forecast, what is the moving average forecast for the next month? (Round your answer to two decimal places.)
- Sarah has been custom manufacturing sweaters now for 7 years. Her annual sales are shown below. Year Sales 1 178 2 215 3 233 4 301 5 337 6 330 7 361 What are her forecasted sales for year 8 using a 3 year moving average? What are her forecasted sales for year 8 using a 5 year weighted average where w1=.4, w2=.3, w3=.15, w4=.1, w5=.05? What are her forecasted sales for year 8 using exponential smoothing? Assume year 7 forecast was 323. Select your own alpha. Which forecast method is the best for Sarah to use based on MAD? Why?1) Describe a scenario that you have encountered recently as a consumer where a business has either under forecast or iver forecast demand for a product that you were planning to purchase. You will generally notice under forecasting if the product is out of stock or over forecasting if there is excess inventory for the item. Describe the imolications to the retailer,manufacturer, and broader supply chain. You can present your response through thr lens of your own discpline (accounting,mafketing,etc.) if you wish. 2) Give three examples from your life in which you may forecast the future. Highlight the importance of accurate forecasting in the three examples you provide.This a 4 part question that am confused about. Please show the work by hand not excel. 4-1 Sales of a particular product (in the thousands of dollars) for the years 2015 through 2018 have been $48,000, $64,000, $67,000 and $83,000 respectively. (a)What sales would you predict for 2019, using simple four-year moving avaerage? (b) What sales would you predict for 2019, using a weighted moving average with weights of 0.50 for the immediate preceding year and 0.3, 0.15, and 0.05 for the three years before that? (I am able to calculate and know the answer for (a) $65,000 and (b) $73,000. What I don't understand is the following : 4-2 Using exponential smoothing with a weight of 0.6 on actual values: (a) If sales are $45,000 and $50,000 for 2017 and 2018, what would you forecast for 2019 ? (The first forecast is equal to the value of the preceding year.) (b) Given this forecast and actual 2019 sales of $53,000, what would you then forecast for 2020? 4-3 In Problem 4-1, taking…