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What are the changes that happen to companies to firms as a result of COVID-19. Provide a clear framework of analysis.
The changes that happen to companies/firms as a result of COVID-19 are as follows:
- Adopting the new cultures i.e. work from home: The companies/firms that are engage in supplying services should follow this new culture for employees i.e. work from home.
- Adopting Cost cutting methods: As due to this pandemic it became difficult to survive in the market due to which a new policy for cost cutting should be implemented. The aim should be to incur expenditure to those which provide some values to the organization and eliminate those expenses that don’t add value to the organization.
- Arrangement of finance: Most of the business houses need an immediate finance to operate normally after such a pandemic. Governments are also helping the small business houses to provide a low interest rate of borrowing and easy repayments terms of the borrowing.
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- Kirk was a bright individual who was being groomed for the Controller’s position in a medium-sized manufacturing firm. After his first year as Assistant Controller, the officers of the firm were starting to include him in major company functions. For instance, today he was attending the monthly financial statement summary given at a prestigious consulting firm. During the meeting, Kirk was intrigued at how all the financial data he had been accumulating was transformed by the consultant into revealing charts and graphs. Kirk was generally optimistic about the session and the company’s future until the consultant started talking about the new manufacturing plant the company was adding to the current location and the costs per unit of the chemically plated products it produced. At that time, Bob (the President) and John (the chemical engineer) started talking about waste treatment and disposal problems. John mentioned that the current waste facilities were not adequate to handle the…Management of Ben Services identified two groups of individuals that would be interested in the vacation package consisting of room and board and/or entertainment. The maximum amount that group 1 is willing to pay for room and board is GHC 2500 and for entertainment is GHC 500. For group 2, the maximum amount they are willing to pay for room and board is GHC 1800 and for entertainment is GHC 750. Although Ben is not able to identify members of either group, it does know that each group values the components of the package differently. Assuming there are an equal number of members in each group and that the total membership in each group is a single individual. If the marginal cost of providing the service (room and board and/or entertainment) to each group is GHC 1000.i. How much will the hotel charge members of each group for the vacation package if it could identify the members in each group? ii. How much will the profit for Ben Services be? iii. Since Ben Services is not able to…Furniture Forecasting Futura Furniture Products manufactures upscale office furniture for the Office of the Future. The sales division comprises regionally based sales offices made up of sales representatives and regional managers. Sales representativeswho report to the regional managersconduct direct sales efforts with customers in their regions. As part of the sales process, representatives gather information about likely future orders and convey that information back to the regional managers. Regional managers use that information to create sales forecasts, which are then used as the basis for manufacturing schedules. Sales representatives and regional managers are both compensated on a salary plus commission (percentage of revenue as pricing is centrally controlled). However, a regional managers commission is adjusted based on regional sales that exceed the forecasted budget. Corporate managers are concerned with one of Futuras key products, the DeskPod. They worry that DeskPod forecasts are inaccurate, causing extreme havoc in the manufacturing process. How are the forecasts likely to be inaccurate? What do you think is driving this inaccuracy? How might this problem be solved?
- With regards to COVID-19, what are the effects that the decline in economic activities has had on the state of the natural environment.ReprotG is a name of the reporting system that provides TripleB company detailed visibility of business performance across main metrics with factual and real-time data. The system highlights the visualizations of the customer acquisition cost (CAC), and it shows the actual revenue generated within a certain period, compared to the company’s target revenue as well as an overview of how the revenue has developed during the last months. Which component of the system contains steps detailing how recorded transactions are converted into the displayed metrics? Assurance Business logic Data supply Extract, transform and load 2) A well-designed data warehouse means that user requirements do not have to change as business needs change. True False 3)The internal performance indicator perspective of the organization suggested by the balanced scorecard focuses on business processes and how well they are running. True FalseAn entrepreneur wants to open a hotel in Puerto Escondido, Oaxaca. Two key variables that should be anticipated to estimate the number of rooms that maximize future profit should be? Total costs and marginal costs Average costs and marginal costs Total income and marginal income Total revenue and total costs
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