...Case Study I Materials purchased $325,000 Direct Labor $220,000 Sales $1,350,000 Gross Margin 30% Cost of Goods Available for Sale $1,020,000 Prime Costs $545,000 Manufacturer Overhead 65% of Conversion cost Direct Materials $325,000 Beginning Inventory numbers: Raw Materials $41,000 Works in Process $56,000 Finished Goods $35,000 Formulas: Prime cost = Direct Materials cost + Direct Labor cost Conversion cost = Direct Labor cost + Manufacturing overhead cost (65% conversion) Prime cost = 325,000 + $220,000 545,000 ( Data given) Trying to get to the Conversion cost. Direct labor = 220,000 = 35% of conversion costs = 220,000/.35 = 628,571.42 Manufacturing Overhead = 628,571 - 220,000 = 408,571 Prime cost = direct material cost + 220,000 545,000 = direct material cost + 220,000 545,000 – 220,000 = 325,000 Direct material cost = 325,000 Gross Margin = 30% of $1,350,000 = 405,000. $1,350,000 – 405,000 = 945,000 Ending balance finished goods = 945,000 Cost of Goods Available for Sale $1,020,000 - Finished Goods Inventory (Beginning) 35,000 = Cost of Goods Manufactured $985,000 Cost of Goods sold: Beginning balance finished goods $ 35,000 + Cost of Goods Manufactured $985,000 Goods available for sale $1020,000 - Ending balance finished goods 945,000 Cost of goods sold $ 75,000 Manufacturing Costs: Direct Materials $325,000 ...
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...Pepcid AC Racing to the OTC Market Done by:Nikhil Jain H2014020 PGDM-1, HCM Goa institute of Management Case Background Advisers to FDA – Recommended against JJM to sell Pepcid AC (OTC-Version). Companies aiming for OTC Market SmithKline Beecham (TAGAMET) - Treatment only claim Glaxo Eli Wellcome (ZANTAC) - Treatment claim & Prevention claim Lilly (AXID) (PEPCID AC) - Treatment claim & Prevention claim JJM Early mover will have Benefits. OTC ???????????????????????????????????????????? Patent Expiry Why OTC Significant Growth Generic competition Concepts Tested 1. Lasts 8 Hrs/4 times Longer than antacids. 2. Prevents & Treat heartburns and stomach upset. 3. Prescription heritage. 4. One tablet dosage BASES II Results Efficacy – After-use repeat purchase intent. Treatment as preferred choice. Purchase intention (two-top boxes) 82% - Heavy users. 76% - All antacids users. – 11% of population. – 34% of predicted volume. Dual user – Highest trial rate (29%). Pepsid’s First year sales – 2/3rd from existing antacid. – 1/3rd from prescription market. Cannibalization – From Mylanta - 11% of Pepcid AC’s sales. – From Pepsid - 8% of Pepcid AC’s sales. Priced at $2.95 for 6 tablets – would surpass the internal dollar volume hurdle. Focus Groups and Physician & Pharmacists Acid Controller appeared a viable product description. Product endorsement...
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...AC 505 Case Study II Springfield Express Luxury Liner A. What is the break-even point in passengers and revenues per month? Break-even point = Fixed cost / Contribution margin Contribution margin = Revenue - Variable cost per unit = $160 - $70 = $90 Break-even point = $3,150,000/$90 = 35,000 Break-even point in passengers is 35,000. Revenue per month is = Break-even point * selling price = 35,000*160 = $5,600,000 B. What is the break-even point in number of passenger train cars per month? Break-even # passengers =556 Seats per passenger car = 90 556/90 = 6 *.70 = 4 C. If Springfield Express raises its average fare to $190, it’s estimated that the average load factor will decrease to 60%. What will be the monthly break-even point in number of passenger cars? Revenue = 54 * $190 = $10,260 Contribution margin = 10,260 – 3780 = $6480 Break-even point in passengers = $3,150,000/$6480 = 486 D. Fuel cost is a significant variable cost to any railway. If crude oil increases by $20 per barrel, it is estimated that variable cost per passenger will rise to $90. What will be the new break-even point in passengers and in number of train cars? Break-even point in passengers = $3,150,000/ ($160 - $90) = 3,150,000/70 = 45,000 Break-even point in no of passenger train cars = 45,000/63 = 714. E. Springfield Express has experienced an increased in variable cost per passenger to $85 and an increase in total...
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...Andrew Yard Case Study Analysis 1 Running Head: Andrew Yard Case Study Analysis The Andrew Yard Case Study Analysis (A-C) Harvard Business School Publication 9-911-028,029,030 MBA 612: Leadership I Northwood University DeVos Graduate School September 2014 Dr. Tara Peters Running Head: Andrew Yard Case Study Analysis 2 The Andrew Yard circumstance portrays a remuneration settlement from a worldwide HR executive, Joseph Rogers, alongside a hopeful, Andrew Yard, for a high-level executive position. He is highly qualified and experienced professional in retailing home goods and electronics. The negotiated 600K salary plus 75% bonus, and other benefits such as health insurance, a car allowance, stock options and housing were appealing but also too came with a price. Problem Statement: The problem becomes awkward once Andrew feels offended by Joseph while he is offered a monetary motivator to join the association more quickly than at first arranged. Hypothesis/Analysis: The Business Development team identified growth potential in retail business but the retail business was declining due to the absence of a good leader. Hypothesis 1: Ayoub Companies was missing out on growth opportunities in retail business. The COO was acting as an interim leader and he was under much burden. As an example in the Harvard Business case study states, his recent emails to the team showed that the retail business was a critical juncture: “We’re putting fires out daily...
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...|AA Hamilton College | |BTEC Higher National Diploma in Business – Level 5 | | | |Unit 53: Study and Communication Skills for Business Credit Value: 15 | | | |Assignment: Developing reading strategies, listening techniques, and producing a written analysis. | | | |Tutor: Date Set: 19th May 2014 | | | | | |Learner’s Name: ...
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...ACS Code of Ethics Case Studies & Related Clauses to the Code of Conduct Australian Computer Society July 2012 Title ACS Code of Ethics Case Studies & Related Clauses to the Code of Conduct Authors Committee on Computer Ethics Mike Bowern Version History Date Document Version Revision History (reason for change) Author /Reviser July 2012 2.0 ACS Branding Sarah Li Approvals Date approved Version Approved By Date in force Date of Next Review To be confirmed 17 July 2012 2.0 Ruth Graham 17 July 2012 Custodian title & e-mail address: Responsible Business Group: Distribution: ruth.graham@acs.org.au Professional Standards, Learning & Development General (no restriction on distribution) Content Security: Unclassified Australian Computer Society | ACS Code of Ethics Case Studies & Related Clauses to the Code of Conduct | July 2012 Page 2 ACS CODE OF ETHICS CASE STUDIES & RELATED CLAUSES TO THE CODE OF CONDUCT This document provides a range of case studies with references to relevant clauses of the ACS Code of Ethics. These Codes consists of a series of clauses which gradually expand on aspects of ethical behaviour relevant to professional people in the ICT industry. Clause 2.0 describes the Code of Ethics, summarised as six values: The Primacy of the Public Interest; The Enhancement of the Quality of Life; Honesty; Competence; Professional Development; and Professionalism. Clauses 2.1 through to 2.7 cover the ACS Code...
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...AC 504 E EXTERNAL AUDITING FALL 2015 Final Exam Case Study: Auto Parts Inc. Instructor: Héri RAKOTOVOLOLONA 1 “Auto Parts Inc.” Final Exam Case Study AC504 – External Auditing Date: December 1, 2015. Instructions 1. This final exam case study is the second element of the assessment to the course and represents 60% of your overall grade. It has to be completed individually or in group of up to three (3) persons, maximum. 2. Whilst there is no formal limitation of pages, you are requested to be very synthetic, clear and straightforward in your answers and recommendations as if it should be for a structured and argued management consulting report prepared for your executive manager. 3. Upon completion, your contribution work should be UPLOADED on the e-learning platform (Moodle) in WORD format no later than Saturday 19 December 2015 (11:59 pm). Other electronic formats such as PDF or JPG are NOT accepted. 4. File identification to be sent (very important): AC504 (FE) – Students names (F2015). At least, the name of one (1) group member should be included in the file name, AND the names of ALL group members mentioned on the cover page. 5. In case of emergence (ONLY), your message could be sent or forwarded to heri.rakoto@esc-rennes.com Guidance Notes I. You should primarily refer to the International Accounting Standards (IAS/IFRS) to analyze the different accounting issues raised in the case or, at least, to the French accounting rules. II...
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...BMT330 TRAINING AND DEVELOPMENT L T 3 0 P 0 C 3 Version No.: 1.00 Course Prerequisite: Nil Objectives: The objectives of this course are to equip students with comprehensive knowledge and practical skills for managing training in their organizations. Course outcome: students should expose to all fields of ‘training and development’ in the business scenario. CONTENTS UNIT DESCRIPTION Introduction: Learning Theories ‐ Reinforcement Theory, Social Learning Theory, Goal Theories, Need Theories, Expectancy Theory, Adult Learning Theory, Information Processing Theory ‐ The basic principles of learning, The Learning Process , Mental and Physical Processes, The Learning Cycle, Learning curve, Learning styles. Analysis: Training Needs Analysis and Needs Assessment – Business, Performance, Job, Task, Learner, Context and Skill‐Gap analyses Design: Training Objectives – Training Deliverables and Instructional Strategies – Training Design Budgets and Schedules – Training Project Management. Development: Drafting Training Materials – Developing tests / assessments – Quality Control Issues Implementation: Train the Trainer Programmes – Classroom delivery of training – Non‐ Classroom delivery techniques viz. Computer‐based training (CBT), Multimedia training (MMT), Web‐Based training (WBT) – Management Development Programmes (MDPs). Evaluation: The role of ...
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...Case Study Southwestern University Southwestern University (SWU), a large stage college in Stephenville, Texas, 20 miles southwest of the Dallas/Fort Worth metroplex, enrolls close to 20,000 students. In a typical town-gown relationship, the school is a dominant force in the small city, with more students during fall and spring than permanent residents. A longtime football powerhouse, SWU is a member for the Big Eleven conference and is usually in the top 20 in college football rankings. To bolster its chances of reaching the elusive and long-desired number-one ranking, in 2001, SWU hired the legendary BoPitterno as its head coach. One of Pitterno’s demands on joining SWU had been a new stadium. With attendance increasing, SWU administrators began to face the issue head-on. After 6 months of study, much political arm wrestling, and some serious financial analysis, Dr. Joel Wisner, president of Southwestern University, had reached a decision to expand the capacity at its on-campus stadium. Adding thousands of seats, including dozens of luxury skyboxes, would not please everyone. The influential Pitterno had argued the need for a first-class stadium, one with built-in dormitory rooms for his players and a palatial office appropriate for the coach of a future NCAA champion team. But the decision was made, and everyone, including the coach, would learn to live with it. The job now was to get construction going immediately after the 2007 season...
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...1 Introduction 1.1 Overview This case study revolves around the “non-profit” i.e. Corporate Philanthropic organization known as National Kidney Foundation (NKF) which aims to give aid to needy kidney patients. It relies largely on donations to fund the organization’s most direct way of helping the patients which is to set up dialysis centers. Across its development as an organization, NKF has also adopted other forms of helping needy kidney patients albeit in more indirect ways. NKF has set up many social initiatives and garnered Corporate Philanthropic actions by other organizations. These initiatives are funded by the public’s donations. 1.2 Underlying major issues In this case study, a noteworthy major issue is (1) the appropriateness of the strategies which NKF had adopted in order to raise funds. Other major issues include whether the money donated to NKF has been spent appropriately by the organization. These expenditures include employee salary, infrastructure maintenance (e.g. building facilities), business trip fees (e.g. travelling and accommodations). Hence, this also brings up another issue of whether (2) a more than necessary proportion of the donations have been spent on the luxury of the staff members and their self-interests rather than to serve the cause of helping kidney patients and if (3) the staff members are being overpaid for their contribution to the organization. All these issues mentioned will be highlighted and analyzed in greater detail later...
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...Barnes & Noble Vs. Amazon To attain a competitive advantage over Amazon.com, Barnes & Noble needs to develop a proper strategy and implement a successful marketing plan. SITUATION ANALYSIS Barnes & Noble first must consider the issues and problems facing their company, and then perform an opportunity analysis to determine their strengths and weaknesses in relation to their customers, competitors, and company capabilities. In regards to the main concerns of Barnes & Noble, the company needs to worry about the uncertainties associated with the expected rapid growth of the Internet, the changing profile of Internet users, increased competition and indeterminate future developments in electronic retailing from publishers, wholesalers, and retailers, and intense price competition. By 2000, more than 80 million users will be on the World Wide Web, with an increase in females and a broader spectrum of education levels and age, changing the market demographics. Additionally, some book publishers, namely Simon & Schuster and Bertelsmann, have expanded online, while the national leading wholesaler, Ingram, is developing a website where wholesalers could ship directly to consumers. In the meantime, small publishers and universities have started to publish directly on the Web, avoiding print versions completely and thereby challenging the posterity of conventional books. Within the Barnes & Noble Corporation, their smaller traditional bookstores such...
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...Mr. Leverage, I was recently informed through a colleague about your upcoming decision of going public with your company. Let me first congratulate you on making such an executive decision. This decision will not only change your company it will also change your life. There is much entailed in going from a private entity to a public one. There are many advantages as well as disadvantages, and you must be well prepared and informed of both in order to deal with these issues. From the information which was conveyed to me, I feel you would prosper greatly by making many important changes and decisions before doing so. I have conferred with a business partner in order to make crucial, necessary and appropriate internal control requirements which will be viable to your company. As you may know, there are mandatory compliances that have to be met by every company (corporation) all across the nation. These compliances, recommendations and requirements are essential for the effectiveness and efficiency of the company. These laws are implemented not only to help you manage the finances of the business, but also to keep up with the liabilities and expenses. I will begin by informing you of the internal control requirements that will allow you to safeguard your financial assets that will come under public scrutiny once you go public. Being a part of the accounting profession, I feel it is my obligation to inform you of the essential internal control requirements that you must implement...
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...Chapter 1 Case Study: Harmonix Embrace Your Inner Rock Star Little more than three years ago, you had probably never heard of Harmonix. In 2005, the video game design studio released Guitar Hero, which subsequently became the fastest video game in history to top $1 billion in North American sales. The game concept focuses around a plastic guitar-shaped controller. Players press colored buttons along the guitar neck to match a series of dots that scroll down the TV in time with music from a famous rock tune, such as the Ramones’ “I Wanna Be Sedated” and Deep Purple’s “Smoke on the Water.” Players score points based on their accuracy. In November 2007, Harmonix released Rock Band, adding drums, vocals, and bass guitar options to the game. Rock Band has sold over 3.5 million units with a $169 price tag (most video games retail at $50 to $60). In 2006, Harmonix’s founders sold the company to Viacom for $175 million, maintaining their operational autonomy while providing them greater budgets for product development and licensing music for their games. Harmonix’s success, however, did not come overnight. The company was originally founded by Alex Rigopulos and Eran Egozy in 1995, focused around some demo software they had created in grad school and a company vision of providing a way for people without much musical training or talent to experience the joy of playing and creating music. The founders believed that if people had the opportunity to create their own music, they would jump...
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...Chapter 1 Case Study: Harmonix Embrace Your Inner Rock Star Little more than three years ago, you had probably never heard of Harmonix. In 2005, the video game design studio released Guitar Hero, which subsequently became the fastest video game in history to top $1 billion in North American sales. The game concept focuses around a plastic guitar-shaped controller. Players press colored buttons along the guitar neck to match a series of dots that scroll down the TV in time with music from a famous rock tune, such as the Ramones’ “I Wanna Be Sedated” and Deep Purple’s “Smoke on the Water.” Players score points based on their accuracy. In November 2007, Harmonix released Rock Band, adding drums, vocals, and bass guitar options to the game. Rock Band has sold over 3.5 million units with a $169 price tag (most video games retail at $50 to $60). In 2006, Harmonix’s founders sold the company to Viacom for $175 million, maintaining their operational autonomy while providing them greater budgets for product development and licensing music for their games. Harmonix’s success, however, did not come overnight. The company was originally founded by Alex Rigopulos and Eran Egozy in 1995, focused around some demo software they had created in grad school and a company vision of providing a way for people without much musical training or talent to experience the joy of playing and creating music. The founders believed that if people had the opportunity to create their own music, they would jump...
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...contemporary organizational issue you find intriguing. Use one field site or example for the entire paper. Also, be explicit about the level issue. For example, if you are using the concept of personality then it is an individual level issue. A list of concepts and their related levels is provided in a separate document. Focus of paper-related requirements: Outline: Submit a formal outline for your paper, complete with references. The purpose of the outline is to help you organize your content, which also results in increased clarity, improved logic, and better structure of the paper. There may be adjustments from this document to your final paper, but at this stage the paper should not require major revisions. Final Paper: Use a case study format for the structure of your paper. Identify and analyze issues using course concepts, and propose recommendations for the organization you are focusing on. Use of course concepts 1. Use a minimum of 8 concepts for the paper. Include a list of the concepts you used at the beginning of the paper. 2. Briefly define each concept you use within the text (a paragraph or two). 3. For each concept, write a diagnosis at one level (e.g., the person level). For example, you might write “The employee misses work frequently due to stress from conflict with her supervisor.” Note, stress and conflict would require definitions.) 4. For each concept, write a solution or solutions. Identify the level(s) you addressed in Step 2...
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