Premium Essay

Chp 18 Concluding Case

In: Business and Management

Submitted By akacarp2016
Words 471
Pages 2
Chap. 18 – Concluding Case Becoming a world-class business in today’s competitive world does not only mean improving a process, it means that every small business must seek to stand out among a myriad of competitor and be the best at what a company has to offer. More and more successful small businesses eventually face the issue of handling business expansion and growth. Business growth not only brings change but it also brings perils for a business. And because consumers have so many choices and in order to survive and thrive in the marketplace, businesses must effectively implement operational, tactical and strategic plans. In the case of Barbara’s World of Windows, Fabrics, and Accessories – Home Consultant Division, Sandy must successful lead her parent’s small retail business from a struggling business to a business that can differentiate itself from the competition. To start with, in order to create and manage a company’s growth, a business must possess a strong leader. Secondly a manager must be able to implement a strategic management process that will enable the formulation of strategies goals and objectives. Sandy must act as a change leader in order to guide her company into success and achieve greatness in the marketplace. As for the tactical planning, Sandy must be able to differentiate her business from the rest of the competition. Marketing to local industries and governmental markets will be essential to securing a competitive advantage over the competition. Sandy must actively lead the change by effectively establishing a sense of urgency, bring together a group of people to help lead the change, develop a vision and strategy, effectively communicate the change vision to its employees, encourage risk taking and empower people, plan for short term operational goals and finally keep changing things that support vision and goals. Once…...

Similar Documents

Free Essay

Chp Motives

...I wrote this report immediately after the incident took place. I was leaving the Big Bear area around lunchtime on Tuesday April 2nd, I was in my Hybrid Prius with the cruise control set at 40mph. as I came around a blind corner I noticed CHP on the right side of the road facing away from me (Towards downhill) and also had a car going up the hill close to the same time we both simultaneously passed the officer. I was then pulled over by the officer about a minute later, we had a brief conversation, I asked how his day was going he said it was “Slow” today (It was, not to many people on the mountain) He proceeded to tell me I was speeding around that corner, about 10mph over the speed limit, he asked me if I knew the limit and I said “Yes Sir, I believe it is 40mph, I had my cruise control set to 40mph” then he told me I was going 51mph. That surprised me because he had just got done telling me I was 10 miles over. I had already been driving the entire mountain from the backside, and already 8 miles down the hill, my cruise control was set at 40mph, and it never went over that speed, as soon as the Prius begins to go over what you have set it to the car slows down automatically. I did not want to disrespect the officer, so I refrained from argument, the only thing that was really said between us was that he had mentioned he saw my brake lights after I passed him, and I responded that “Yes I hit the brakes because you were pulled to the side after a blind corner and caught me......

Words: 325 - Pages: 2

Premium Essay

Chapter 18 Case Study

...Chapter 18 Case Study Page 758 As an alternative to the borrow-and-buy plan, the equipment manufacturer informed Lewis that Consolidated Leasing would be willing to write a 4-year guideline lease on the equipment, including maintenance, for payments of $260,000 at the beginning of each year. Lewis’s marginal federal-plus-state tax rate is %401. You have been asked to analyze the lease-versus-purchase decision and, in the process, to answer the following questions. a. (1) Who are the two parties to lease a transaction? Lease transactions involve two parties: the lessor, who owns the property and the lessee, who obtains the property (2) What are the five primary types of leases, and what are their characteristics? Operating Leases- provide for both financing and maintenance Capital Leases- Do Not provide for maintenance, Are Not cancellable, and are fully amortized. Sale-and –Lease back Arrangement- Do Not provide for maintenance, Are not cancellable, and are fully amortized. The item being leased is used. Combination Leases- has characteristics like Operating and Capitol leases but also contains a cancellation clause. Synthetic Leases – Keeps debt off of the company balance sheet. Is not amortized. Short term and brought from a 3rd party. (3) How are leases classified for tax purposes? Provided that the IRS agrees that a particular contract is a genuine lease and not simply a loan called a lease. Must be a guideline lease. (4) What effects does leasing have on...

Words: 1150 - Pages: 5

Premium Essay

Chapter 18

...000 Accounts Receivable ($3,000,000 – $2,000,000)..... 1,000,000 Billings on Construction in Process ................. 1,000,000 Cash ($2,850,000 – $1,950,000) .................................... 900,000 Accounts Receivable.............................................. 900,000 Construction Expenses.................................................. 540,000 Construction in Process ................................................ 210,000 Revenue from Long-Term Contracts ................ 750,000* *$3,000,000 X (100% – 75%) Billings on Construction in Process.......................... 3,000,000 Construction in Process ....................................... 3,000,000 18-44 Copyright © 2011 John Wiley & Sons, Inc. Kieso, Intermediate Accounting, 14/e, Solutions Manual (For Instructor Use Only) PROBLEM 18-3 (Continued) (c) CHANCE COMPANY Balance Sheet (Partial) December 31, 2013 Current assets: Accounts receivable ($2,000,000 – $1,950,000) ................................ $ 50,000 Inventories Construction in process ($1,560,000 + $690,000)........................... $2,250,000 Less: Billings................................................. 2,000,000 Costs and recognized profit in excess of billings......................... 250,000...

Words: 272 - Pages: 2

Premium Essay

Chapter 18

... CHAPTER 18 REPORTS ON AUDITED FINANCIAL STATEMENTS Answers to Review Questions 18-1 An auditor is associated with financial statements when he or she has consented to the use of his or her name in a document such as an annual report. 18-2 Accounting changes can be categorized into changes that affect consistency and those that do not affect consistency. The word “consistency” refers to the application of accounting principles. If a change in accounting principle or in the method of its application has a material effect on the comparability and consistency of the financial statements and the auditor concurs with the change, the auditor should refer to the change in an explanatory or emphasis-of-matter paragraph. Accounting changes that affect comparability but do not affect consistency, such as a change in an estimate or the correction of an error that does not involve a change in accounting principle, are normally disclosed in the footnotes to the financial statements but do not require an explanatory or emphasis-of-matter paragraph in the auditor's report. An accounting change can affect comparability but not consistency because an accounting principle can be consistently applied even when the underlying data used to apply it may change. For example, when the estimate of the useful life of a building changes, the company may still consistently apply straight-line depreciation, but the depreciation expense will not be comparable to that of the previous year due......

Words: 1670 - Pages: 7

Free Essay

Sonnet 18

...Discrepancy; In case of quality discrepancy,claim should be filed by the Buyer within 30 days after the arrival of the goods at port of destination; while for quantity discrepancy, claim should be filed by the Buyer within 15 days after the arrival of the goods at port of destination. It is understood that the Seller shall not be liable for any discrepancy of the goods shipped due to causes for which the Insurance Company, Shipping Company, other transportation organizations and/or Post Office are liable.   (16) The Seller shall not be held liable for failure or delay in delivery of the entire lot or a portion of the goods under this Sales Contract in consequence of any Force Majeure incidents.   (17) Arbitration:   All disputes in connection with this contract or the execution thereof shall be settled friendly through negotiations. In case no settlement can be reached, the case may then be submitted for arbitration to China International Economic And Trade Arbitration Commission in accordance with the provisional Rules of Procedures promulgated by the said Arbitration Commission. The arbitration shall take place in Beijing and the decision of the Arbitration Commission shall be final and binding upon both parties; neither party shall seek recourse to a law court nor other authorities to appeal for revision of the decision. Arbitration fee shall be borne by the losing party. Or arbitration may be settled in the third country mutually agreed upon by both parties.   (18)......

Words: 604 - Pages: 3

Premium Essay

Trisomy 18

...as Trisomy 18 is a very serious and uncommon disorder, and there are three types of this disorder: Full, Partial, and Mosaic Trisomy 18. Trisomy 18 is a chromosomal condition that affects not only one part of the body, but usually many different limbs. Five to ten percent of the individuals with this disorder can live their lives with it, but they have to deal with severe disabilities. Since Edward’s Syndrome is not common, there are only a few solutions for the disease (Weiss 2012). The symptoms of Trisomy 18 vary from person to person, but they are all cause a physical defect or disability. Abnormally small sized heads, small mouths and jaws, and clenched fists with their fingers overlapping are some of the most common symptoms seen with this disorder. Some symptoms of Edwards Syndrome can be seen or caught before a baby is born, others are not noticed until after development of the newborn baby has started (Trisomy 18, 2014). Along with the common symptoms above, individuals with Edward’s Syndrome can also develop heart problems, lung problems, and kidney problems, as well as some problems with their muscle development. There are also less severe defects to their bodies, as in facial characteristics being too small for their faces or heads. Trisomy 18 is a disorder that does not have a set treatment for the overall disease, but they can get physiotherapy and occupational therapy. The type of therapy that an individual receives is based on their own case, and......

Words: 747 - Pages: 3

Free Essay

Case 11-18

...Case 11-18 1. Would you say this is a computer crime? Why or why not?   Yes it is a computer crime.  There is manipulation of data to dishonestly obtain money.  Even though the fraud is happening over the phone it is using the lack of updated computer data to dishonestly obtain money. 2. What internal controls would you recommend that would enable the resort’s managers to prevent such offenses? First, in order to get paid, Travel Agents must turn in proof that they are authorized agents.  A list will be completed and maintained starting with all new business.  Just by saying we are updating our records and now need proof you are an authorized agent is not an unreasonable request.  If there is a license that expires, that license data must be kept on file and have some type of ERP automated pop up that notifies that a license is about to expire and an updated license is required.   I would also call a meeting and explain to all employees as of now, if an employee books a reservation when they are not authorized agents, they will be fired and will be prosecuted to fullest extent possible.  This policy alone will detour employees from attempting taking advantage of the system.  Once the first employee is caught, make it public and follow through with the termination and charges against them.   Also, not updating the Authorized Travel Agent list is unacceptable and punishable by termination (after a reasonable disciplinary actions such as verbal warnings have been......

Words: 1325 - Pages: 6

Premium Essay

Chp 16

... |5, 6 |4, 5 |4, 5 | |effective interest methods of amortizing bond | | | | | | |discounts and premiums. | | | | | | |Prepare the entries when bonds are retired. |15 | 9 | 7, 8, 9 |6 |6 | |Account for long-term notes payable. |16, 17 |10, 11 |10 |7 |7 | |Contrast the accounting for operating leases and |18, 19 |12 |11, 12 |8 |8 | |capital leases. | | | | | | |Explain and illustrate the methods for the |20, 21, 22 |13, 14 |12, 13 |1, 2, 5, 7, 9 |1, 2, 5, 7, 9 | |financial statement presentation and analysis of | | | | | | |long-term liabilities. | | | | | | ASSIGNMENT......

Words: 9665 - Pages: 39

Premium Essay

Chp 3 Eesay

...management, cross-functional teams 8. Multi-channel distribution system 9. Six Sigma & Lean Six Sigma – A company-wide strategy, process improvement methodology, Identifying & controlling variations, defect rate with process shift, Recipe for 6-Sigma program implementation 10. QRM vs. Lean principles in CIO 11. Lead time, cycle time, takt time & machine time 12. Kanban, Kaizen, Kaikaku, Heijunka, Zidoka, Poke Yoke, Hoshin Kanri, (5+1)S 13. Fundamental processes for improvement CIO – Design, Order taking, Manufacturing 14. Role of IT services in CIO 15. Toyota production system (TPS) –Production Smoothing (PS), Kanban Control, JIT, Autonomation 16. Lean Consumption, Lean Provision, Lean Production 17. Recipe for Successful Implementation of CIO 18. QFD, Sustainability of CIO program, Human Aspect of CIO Implementation 19. Cost accounting system for CIO 1. 2. 3. 4. 5. 6. 7. IMPORTANT: Approximately eighty-five to ninety (85-90) percent questions will be short answered questions and multiple choice questions from the list of topics above. The remaining ten-fifteen (10-15) percent will quantitative part dealing with takt time & cycle time at process level within the scope of topics covered during the semester. Sample Short Answered Questions: 1. What is one most elementary requirement of implementing Heijunka? 2. What is that QRM promises to achieve that Lean Six Sigma program does not? 3. Why does a hybrid control system almost always guarantees to perform better than......

Words: 321 - Pages: 2

Premium Essay

18-21-18

...Kahaunaele 1 Derek L. Kahaunaele Instructor: David Jenkins, MFA Writing 101S-Introduction to writing 12 June 2014 18-21-18 ​Happy eighteenth birthday, and welcome to all the new fake adults. They now have the right to be an adult and join the military and fight for our country, purchase pornos, move out of their parents basement, gamble all their life savings away, and smoke as much tobacco products as they’d like, Eighteen year olds can now do everything their parents do except legally consume alcohol. If they are caught in public drinking alcohol they will be arrested. College students and soldiers are being forced to drink unsafely in the privacy of their homes because they are not legally able to purchase or consume alcohol. Minors are surrounded by their drunken peers every day and want to join in on the fun, but can’t legally drink. They are forced to drink heavy amounts of alcohol in a short amount of time, and this leads to alcoholism, drunk driving, heart and liver disease, and alcohol poisoning. Over time lowering the legal drinking age to eighteen will greatly reduce binge drinking which will result in less alcohol related deaths. Binge drinking is having ten or more drinks on one occasion. Binging can lead to violence, alcohol poisoning, drunk driving, and alcoholism, all of which can be deadly. This has become a major problem in the United States. The majority of binge drinkers are minors, people under the legal drinking age of 21. Over the last five......

Words: 1216 - Pages: 5

Premium Essay

Case 3–18 Analysis of Mixed Costs in a Pricing Decision

...CASE 3–18  Analysis of Mixed Costs in a Pricing Decision [LO1, LO2 or LO3 or LO5] Maria Chavez owns a catering company that serves food and beverages at parties and business functions. Chavez’s business is seasonal, with a heavy schedule during the summer months and holidays and a lighter schedule at other times.   One of the major events Chavez’s customers request is a cocktail party. She offers a standard cocktail party and has estimated the cost per guest as follows:     The standard cocktail party lasts three hours and Chavez hires one worker for every six guests, so that works out to one-half hour of labor per guest. These workers are hired only as needed and are paid only for the hours they actually work.   When bidding on cocktail parties, Chavez adds a 15% markup to yield a price of about $31 per guest. She is confident about her estimates of the costs of food and beverages and labor but is not as comfortable with the estimate of overhead cost. The $13.98 overhead cost per labor-hour was determined by dividing total overhead expenses for the last 12 months by total labor-hours for the same period. Monthly data concerning overhead costs and labor-hours follow: | Chavez has received a request to bid on a 180-guest fund-raising cocktail party to be given next month by an important local charity. (The party would last the usual three hours.) She would like to win this contract because the guest list for this charity event includes many prominent individuals that she......

Words: 502 - Pages: 3

Premium Essay

Concluding Case

...force/supply in your area. Would sub-contracting and/or outside recruiting be a means to quell this union movement? The University of Dissension: 4 Avoid Unionization: What steps would you take as a school administrator to resolve this issue and avoid unionization of the operating staffers? When the company is taking dissatisfied directions, the employees of that company will likely to form unions. Companies can take certain considerations to avoid unionization according to labor laws. In order to avoid unionization, first of all, company must listen to their employees and their requests. It could be in improvement on communications or working conditions. These issues can be solved by holding group meetings regularly. In some cases, it is essential to meet one complaining employee face to face meeting. Once the problem is identified, the solution should be on the way to resolve the problem. Next, company should find the changes and address those changes. If employer cannot able make changes, then explain the employee why changes cannot be made because keeping the employees up to date will gain respect for the employer. There should be an organization like employee committees within the company to give employee for better communication and sense of empowerment. This will result employees believe that they are part of making valuable decisions for the company and most likely wanting to avoid unionization. Employees should be also able to address......

Words: 1559 - Pages: 7

Free Essay

Chp 2 Case Study

...CHAPTER 2 CASE STUDY Zara International: Fashion at the Speed of Light At the announcement of her engagement to Spain's Crown Prince Felipe, Letizia Ortiz Rocasolano wore a chic white trouser suit; within a few weeks, hundreds of European women sported the same look. Welcome to fast fashion, a trend that sees clothing retailers frequently purchasing small quantities of merchandise to stay on top of emerging trends. In this world of “hot today, gauche tomorrow,” no company does fast fashion better than Zara International. Shoppers in 78 countries, including Canada, have taken to Zara's knack for bringing the latest styles from sketchbook to clothing rack at lightning speed and reasonable prices. In Fast Fashion, Moments Matter Because style - savvy customers expect shorter and shorter delays from runway to store, Zara International employs a stable of more than 200 professionals to help it keep up with the latest fashions. It takes just two weeks for the company to update existing garments and get them into its stores; new pieces hit the market twice a week. Defying the recession with its cheap – and - chic Zara clothing chain, Zara's parent company Inditex posted strong sales gains. Low prices and a rapid response to fashion trends are enabling it to challenge Gap, Inc., for top ranking among global clothing vendors. The improved results highlight how Zara's formula continued to work even in the downturn. The chain specializes in lightning-quick turnarounds of the......

Words: 421 - Pages: 2

Premium Essay

Case #18 Cibc – Barclays: Should Their Caribbean Operations Be Merged?

...CASE #18 CIBC – Barclays: Should their Caribbean Operations be merged? Recommendation: CIBC and Barclays should proceed with a merger of their retail, corporate and offshore banking operations in the Caribbean because of : 1. The need for economies of scale and scope. 2. The need to be more competitive in the light-globalization in the overall industry. Rationale: If CIBC and Barclays decide to merge their operations the new merged entity would be able to serve a more diverse region in the Caribbean. For example some areas currently served by CIBC are not served by Barclays, and vice versa. The merger would give both the companies an opportunity to increase their scope and access to more countries, since currently CIBC only serves 8 Caribbean countries where as Barclay’s serves 14 countries but together they could cover most of the Caribbean. CIBC has the newest technology in the region but the full efficiencies cannot be realized at the current market size. The existing ICBS system could be fully used with lower marginal cost through the merger. On the other hand Barclay’ BRAINS system which is currently outdated could be replaced with CIBC’s modern banking system at much lower costs. Although some would argue that merger has some disadvantages such as potential reduced employee morale due to layoffs/restructuring, and reduced customer satisfaction as a result of the reduction in employee moral or that the merger is costly to integrate the operations,......

Words: 463 - Pages: 2

Premium Essay

Chp 413

...value to projects and generally indicate that static NPV calculations will underestimate the value of the investment opportunity. This results from the fact that where managers have the flexibility (options) to respond to changing economic conditions, they can modify or halt the operation of the investment so as to maximize the value created by the investment. >> END Solution ST.3 Tools for Analyzing the Risk of Project Cash Flows 13–1. (Related to Checkpoint 13.1 on page 420) (Calculating expected revenues) The owner of the Crusik Distribution Company is evaluating the expected annual sales for a new line of facial care products and estimates that there is a 50% chance that the product line will be extremely successful, in which case it will generate sales next year of $5 million. However, since the new product line has a unique appeal that will require substantial advertising by its manufacturer to gain consumer acceptance, there is a 50% chance that revenues for next year will be a modest $1 million. What is the expected level of revenues for the new product line? 13–2. (Related to Checkpoint 13.1 on page 420) (Forecasting cash flows using the expected value) Peterson Trucking is contemplating the acquisition of Armour Transport, a competing trucking firm, and estimates that during the next year Armour Transport’s flows from the acquisition will vary depending upon the state of the local economy: Study Problems buildings would be built on the site, each......

Words: 626 - Pages: 3

Dr. Web Security Space PRO cracked apk free download | Small Crystal And Hallmarked Silver Salt Mustard Dish | Big Hero 6 The Series S01E21 720p HDTV x264-W4F [eztv]