Five Star Tools BUS 5431 Chintel Gilbert Executive Summary Five Star Tools is a family owned company that manufactures diamond-coated chisels and saws used by jewelers. As a result of the growth of the firm, management has identified production constraints in the coating and sharpening process that causes Five Star Tools to miss deadlines. Overview Maxfield Turner, president of Five Star Tools, decides to discuss how to handle the company’s current growing pains with the VP of marketing, Betty Spence
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BUS5431 - Managerial Accounting Individual Case Study 7-2 FIVE STAR TOOLS James Jiambalvo – Chapter 7 Case 2 Submitted by: K Greene Executive Summary: Five Star Tools is a small family-owned business that manufactures diamond-coated cutting tools (chisels and saws) used by jewelers. The production of these tools involves three major processes. The first of these processes involves steel “blanks” (tools without the diamond coating) that are cut to size. The second process involves
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Precision Worldwide, Inc. Case Study BUS5431 – Managerial Accounting Summary Precision Worldwide, Inc. (PWI) manufactures industrial equipment and parts for sale in numerous countries. Repair and replacement parts account for a substantial part of the company’s business with the replacement part in question, steel rings, occur in the machines manufactured only in PWI’s German plant, but can also be used on some competitor’s machines. This steel ring has an average normal life of about 2 months
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