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- Please do not give solution in image format thanku What is the average value of a loyal customer (VLC) in a target market segment if the average purchase price is $50 per visit, the frequency of repurchase is every month, the contribution margin is 24%, and the average customer defection rate is 20%? If a continuous improvement goal is set of a 17% defection rate next year and 12% two years from now, what are the revised VLCs over their average buying life? Do not round intermediate calculations. Round your answers to the nearest dollar. For defection rate = 20%, VLC = $ For defection rate = 17%, VLC = $ For defection rate = 12%, VLC = $Ruth Company currently has $1,000,000 in accounts receivable. Its days sales outstanding (DSO) is 50days. The company wants to reduce its DSO to the industry average of 32 days by pressuring more ofits customers to pay their bills on time. The company’s CFO estimates that if this policy is adopted thecompany’s average sales will fall by 10 percent. Assuming that the company adopts this change andsucceeds in reducing its DSO to 32 days and does lose 10 percent of its sales, what will be the level ofaccounts receivable following the change? Assume a 365-day year.Create a spreadsheet to calculate your projected total costs, total revenues, and total profits for giving a seminar on cost estimating. Make the following assumptions: You will charge $600 per person for a two-day class. You estimate that 30 people will attend the class, but you want to change this input. Your fixed costs include $500 total to rent a room for both days, setup fees of $400 for registration, and $300 for designing a postcard for advertising. Youwill not include your labor costs for this estimate, but you estimate that you will spend at least 150 hours developing materials, managing the project, and giving the actual class. You would like to know what your time is worth given different scenarios. Youwill order 5,000 postcards, mail 4,000, and distribute the rest to friends and colleagues. Yourvariable costs include the following: $5perperson for registration plus 4 percent of the class fee per person to handle credit card processing; assume that everyone pays…
- The telco market is intensely competitive. With the entrance of new digital-only operators, the full-service incumbents are feeling the pressure. With a falling average revenue per user (ARPU) due to competition, Tammy, the product manager of one of the incumbent telcos is thinking to offer a new plan in Quarter 4 of 2021. The idea is to bundle unlimited outgoing local calls with unlimited data and then promote it to customers to prevent them from churning. 1. What is the business problem2. Propose one data mining application3. Describe how the proposed application can help solve the business problem13. Enterprise Risk Management (ERM) is designed to achieve which of the following four categories of objectives, except Group of answer choices None of the choices Strategic, Reporting, Operations, Compliance Operations, Reporting, Compliance, Strategic Strategic, Operations, Reporting, Compliance Reporting, Compliance, Strategic, OperationsIt is important to cammunicate with the customer verbaliy and non-verbally about the satistying capacity of the product These tateinents are meatto the customer of the best possible product fit to his needs. Recommend, progress or help O b. Inform, persuade, remind O c. Identify, suggest, remind O d. Informs, persuade, recommend
- How can I found the Response rate using the goal seek function to the below question? Question 2-2 (Chapter 2) Continuing the previous problem, use Goal Seek for each value of number mailed (once for 80,000, once for 90,000, and so on). For each, find the response rate that allows the company to break even. Then chart these values, where the number mailed is on the horizontal axis, and the breakeven response rate is on the vertical axis. Explain the behavior in this chart in a brief memo to management. (Winston, 20180101, p. 38) Winston, W. L., Albright, S. C. (20180101). Practical Management Science, 6th Edition. [[VitalSource Bookshelf version]]. Retrieved from vbk://9781337671989The marketing manager of a large truck manufacturer was surprised to learn that the price lists generated by his department had little relation to the prices that were actually charged to customers. The company’s finance department often changed the prices to conform to profit goals before the prices reached the company’s sales force. The salespeople often gave customers discounts to increase their sales volume. The operations manager made price adjustments to accommodate delays in promised shipping times. Based on the situation above, what do you think is the best possible solution?Jetaway, a small manufacturer of replacement parts forthe aircraft industry, had always maintained a simplelayout—all like machines were located together. That waythe firm could be as flexible as possible in producing small amounts of the variety of parts its customers re-quired. No one questioned the production arrangement until Chris Munnelly started to work for the company.Chris was actually hired to upgrade Jetaway’s computer system. In the process of creating a database of part rout-ings, Chris began to see similarities in the parts pro-duced. A part routing matrix for nine of the most popular parts is shown below, along with a schematic of thefactory layout.Chris, who was already tired of being a programmer,decided to reorder the matrix and see what he couldfind. If he could identify distinct part families, he couldreorganize the placement of machines into the cells hehad been reading about in his business magazines.Maybe then someone would notice his managementpotential.Help…
- May and Ray have spent years repairing Volkswagens, and have become very knowledgeable in Volkswagen repairs. They have also built up a network of reliable Volkswagen mechanics and parts dealers. Their network profers them superior access to low-cost parts. They eventually decide to open a repair shop of their own. Which of the following statements represents a possible business strategy for May and Ray's repair shop? Group of answer choices “We will double the number of Volkswagens we service each year, thus increasing our volume of parts purchased, thus decreasing our costs and increasing our economic value.” “We will utilize our superior knowledge of Volkswagen repair as well as our network of parts dealers to repair Volkswagens for less than standard price, thus attracting more customers, thus increasing our volume of parts purchase, further decreasing our costs.” “We provide high-quality, efficient Volkswagen repair for a fraction of the going rate.”Develop a spreadsheet for question. What would your recommendation be if the weight for the safety went down to 10 and the weight of profitability went up to 25?Give typing answer with explanation and conclusion Your estimate sales volume is CAD 120,000 (per year), and the industry average sales per square foot (per month) is CAD 100, your selling space should be Select one: a. 1000 square feet b. 100 square feet c. 1200 square feet d. 20 square feet