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Camp Manufacturing turns over its inventory 8 times each year, has an average payment period of 35 days, and has an average collection period of 60 days. The firm's annual sales are 3.5 million dollars. Assume there is no difference in the investment per dollar of sales in inventory, receivables, and payables; and a 365 day year.
a) calculate the firm's operating cycle and cash conversion cycle.
b) calculate the firms daily cash operating expenditure. How much in resources must be invested to support its cahs conversion cycle?
c) If the firm pays 14% for these resources, by how much would it increase its annual profits by favorably changing its current cash conversion cycle by 20 days?
Walden Green provides custom farming services to owners of five-acre wheat fields. In July, he earned $2,400 by cutting, turning, and baling 3,000 bales.
What are the roles of individuals in the above scenarios? Are they managers, leaders, or both? What distinguishes management from the leadership and managers from leaders? The nature of relationship between leadership and management remains a top..
As you run the simulation keep track of your decisions and keep track of the results - both financial and marketing. You can copy and paste the results into Excel or into a Word document.
Determine the equivalent units of conversion. What is the conversion costs assigned to completed calendars? What amount of conversion is assigned to the ending work-in-process inventory?
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Determine the break even point in units. The company has a capacity of 150,000 units and is currently at two thirds of its capacity. The sales manager believes the company could increase sales by 8,000 units if advertising expenditures are increa..
Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.
Assume that for the second quarter in row, profits are down at Waterfall division. Division Management budgeted $250,000 in profits for the second quarter but actual results were only $197,000 in profits.
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What is the accounting concept to explain how a 3% decline in sales could cause a 21% decline in profits. Also, discuss the effect of declining sales on an organization's margin of safety.
Pick a product you are familiar with or interested in. What product liability issues arise for that product? What measures can management take to prevent these product liability problems from arising? How can they minimize legal risk involving the..
uppose the company decides that only 1,400 units can be sold at a price of $5,000 and, therefore, the target cost cannot be reached. The company is considering. dropping the steam feature, which adds $600 of variable cost per unit. With this featu..
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