Which of the following industries would you expect to have the longest operating cycle?
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- Between the operational cycle of a service company and a buying and selling company, which is the longest?Why is the normal operating cycle for a merchandising company likely to be longer than for a service company?What factors help to explain the growth of service businesses relative to manufacturing businesses in the United States in recent years?
- Identify the type of responsibility center (revenue center, cost center, profit center, or investment center) for each of the following situations. A. the legal department for Avon Manufacturing B. the Macys store in Mansfield, Ohio C. the food and beverage division of the Best Western D. the marketing department of the Hershey Company E. the Walmart #5030 on Central Avenue in Toledo, Ohio F. Apples Braeburn Capital Inc., where most of Apples billions of dollars are invested G. Zappos department store H. the mens clothing department in the Walmart #5030 in Toledo, OhioHow would a business plan for a small manufacturing firm differ from one for a small retailing firm? compare and contrast themIndicate in the following chart the most likely source of information for each business decision. Use M for managerial accounting information and F for financial accounting information. Business Decision 1. Determine whether to lend to a company 2. Evaluate a purchasing department’s performance 3. Report financial performance to board of directors . 4. Estimate product cost for a new line of shoes 5. Plan the budget for next quarter . 6. Measure profitability of an individual store 7. Prepare financial reports according to GAAP . 8. Determine location and size for a new plant
- What is the service industry, and how does it differ from the manufacturing industry? Provide examples of service businesses.Which of the following would most appropriately be evaluated as a “profit center”? Group of answer choices a)Maintenance operations for American Airlines b)A warehouse operation for Amazon c)A hotel restaurant that caters to both hotel guests and non-guests d)Sales division for a large publisherIdentify the type of responsibility center (revenue center, cost center, profit center, or investment center) for each of the following situations. A. the accounting department for Tubelite Inc. B. the Best Buy in Traverse City, Michigan C. the reservation department of Allegiant airlines D. the sales department of Four Winns E. the Kohls store in Mount Pleasant, Michigan F. The Hershey Company G. Procter and Gamble H. the shoe department in the Kohls store in Mount Pleasant, Michigan
- Identify the type of responsibility center (revenue center, cost center, profit center, or investment center) for each of the following situations. the legal department for Avon Manufacturing. Cost center the Macy’s store in Mansfield, Ohio Investment center the food and beverage division of the Best Western the marketing department of the Hershey Company the Walmart #5030 on Central Avenue in Toledo, Ohio Apple’s Braeburn Capital Inc., where most of Apple’s billions of dollars are invested Zappo’s department store the men’s clothing department in the Walmart #5030 in Toledo, Ohioa top mechanic of a primary market and a top mechanic of a secondary market. How would you explain the way the performance of your company is influenced by the activity of the markets you described?Consider the following information (2019) on three large corporations in the consumer home- retailing industry: Williams-Sonoma, IKEA Group, and Otto Group. Values are in millions USD. Calculate all financial metrics relevant to supply chain management. Interpret the values in the financial statements and the metrics you calculate to characterize the supply chain strategies of the firms in comparison to each other You can use the Internet to gather additional information on the firms, to improve your insights.
