...The Part Two section of Mountains Beyond Mountains by Tracy Kidder was interesting. The section described Farmer’s life when he was younger, how he sparked an interest in Haiti and his perseverance to help others. Paul was one of six children and the oldest of the three boys. It was very interesting when Farmer said “I never had a sense of hometown, this is my hometown.” (page 54) Paul was referencing his hometown to Cange in Haiti. During his childhood, Farmer moved around constantly from a farmhouse to a boat on a bayou. Cange is a place that he learned to adjust to the surroundings and the people, rather than his childhood cities. Paul excelled in school, which led him to get full scholarship to Duke. He saw how hard-working the Haitians are when he visiting a tobacco plantation, he looked more into the culture. Paul was interested in Haitian culture. He was dedicated to learn the language and culture. The relationship between Farmer and Ophelia Dahl was more a friendship than a relationship. He was so committed to his work of helping others, eventually ended the relationship between them. He was genuinely hurt when he could not help another person. Ophelia cared about helping others in a totally different way than Farmer. For instance, Farmer felt that he could help more people in Haiti, instead of being being back in the states. A situation in novel that was very scary was the army was hunting down innocent people. The military killed 8,000 innocent people, limited patients...
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...Superior Vending Expansion Proposal 1 REVISED Superior Vending Online Business Expansion Proposal Brian Dyck E-Commerce November 15, 2012 Superior Vending Expansion Proposal 2 Table of Contents A. ONLINE BUSINESS EXPANSION PROPOSAL ................................................................................. 3 A.1. A.2. A.3. A.4. A.5. A.6. A.7. A.8. A.9. B. VIABILITY OF SERVICE .................................................................................................................... 3 ONLINE COMPETITOR ASSESSMENT ................................................................................................ 5 ONLINE MARKETING STRATEGIES ................................................................................................. 10 SEARCH ENGINE CONSIDERATIONS & OPTIMIZATION STRATEGIES .................................................. 13 SOCIAL MEDIA INTEGRATION......................................................................................................... 14 ONLINE CUSTOMER RELATIONSHIP MANAGEMENT ......................................................................... 15 E-COMMERCE SOLUTIONS............................................................................................................ 16 INTERNATIONAL CONSIDERATION .................................................................................................. 17 PROJECTED W EB DEVELOPMENT & MAINTENANCE COST.....................................................
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...seriousness. As we started to operate, our machine started to generate constant profits and expanded the company almost twice during the first 3 years of our operations. Machine is our main profit generator, so we kept maintaining it all the scheduled times, but as we know, nothing is eternal, so it depreciated every year more and more. During the last 20 years this sewing machine created a great profit for our company, but it started to break more usual during the last years and create delays for productions and lines for customers. As operations manager I have to take an action to resolve the problem with maximum efficiency and minimum error. During las weeks I came up with two scenarios of keeping our company alive and continue to operate, which are: 1. Overhaul of machine and continue to work with it for more 5 years 2. To get a new machine, which will generate more profit and will be able to produce higher quality products. This proposal is meant for director of the Financial Department of our company. Response and action is needed immediately, because future revenues are at risk. This proposal will give you the full view of both scenarios and future revenues that we are going to face. If any questions occur, please feel free to ask me, so I can answer you with the full potential. Problem Analysis During last three years we experienced usual ups and unusual downs in our production. Especially last month our machine declined to work two times, so we had to postpone...
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...IndE 311: Stochastic Models and Decision Analysis Winter 2007 Lab 7: Problem Session Pr. 17.10-3) The Garrett-Tompkins Company provides three copy machines in its copying room for the use of its employees. However, due to recent complaints about considerable time being wasted for a copier to become free, management is considering adding one or more additional copy machines. During the 2000 working hours per year, employees arrive at the copying room according to a Poisson process at a mean rate of 30 per hour. The time each employee needs with a copy machine is believed to have an exponential with a mean of 5 minutes. The lost productivity due to an employee spending time in the copying room is estimated to cost the company an average of $25 per hour. Each copy machine is leased for $3000 per year. Determine how many copy machines the company should have to minimize its expected total cost per hour. • Describe queuing model (i.e, M / M /s, M / M/ s // K, etc.) [pic] • [pic][pic] | |3 machines |4 machines |5 machines |6 machines |7 machines | |E (SC) | | | | | | |E(WC) | | | | | | |E(TC) | | | ...
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...NORTHERN DRILLING INC.: A TACTICAL DILLEMA IN GROWTH STRATERGY The DILEMMA The General manager of Northern Drilling Inc.(Northern) Peter Bremner (referred to ‘Bremner’ hereafter), has received a request for a proposal to perform exploratory drilling for MOND NICKLE COMPANY, and Bremner will need to submit his proposal within the next three weeks. If Northern manages to get this order, this will be their largest contract till date and will give them a chance to get on board one of the largest Canadian mining companies which is on the verge of massive growth. On the flipside, this project may endanger the relationship Northern has with Noranda Nickel (Noranda), one of its most loyal customers who contribute to 60% of their business. Also since this is a highly complex project, Bremner must evaluate whether Northern has the capability to handle a job of this magnitude given the challenges the industry is facing with finding experienced drillers. PROBLEM STATEMENT: Bremner must factor in all the challenges mentioned and take a call to submit a proposal. If he does then he should make sure that price is competitive yet profitable and that should also make sure Northern has contingency plans in place to handle this complex project CRITERIA: 1. Project Profitability (Cash Flow): Given that the company management wanted a 30% gross margin, what would be the cash flows of the company for the duration of this project. What alternative will fetch them the highest positive...
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... | Prefer to build a large line. Large line has a payoff of $200,000. Small line has a payoff of [pic]. 7.16 (a) Proposal A breakeven in units is: [pic] (b) Proposal B breakeven in units is: [pic] 7.17 (a) Proposal A breakeven in dollars is: [pic] (b) Proposal B breakeven in dollars is: [pic] 7.18 Set Proposal A to Proposal B [pic] 7.19 (a) Proposal A: Profit at 8,500 units [pic] [pic] Proposal A is best. | |(b) |[pic] | | | |Proposal B is best. | 7.20 Given: [pic] (a) Breakeven in units is given by: [pic] (b) Breakeven in dollars is given by: [pic] (c) Profit is given by: [pic] 7.21 Given: [pic] Breakeven is given by: [pic] 7.22 Given: [pic] Breakeven is given by: [pic] 7.23 Given: [pic] Breakeven is given by: (a) [pic] (b) [pic] 7.24 Option A: Stay as is Option B: Add new equipment [pic] Therefore, the company should stay with the present equipment. 7.25 Option A: Stay as is Option B: Add new equipment, raise selling price [pic]...
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...Avenue, Ferndale, 2194 REQUEST FOR PROPOSAL 01/13 INTRODUCTION Branelli Beads and Clothing Manufacturers (BBCM) is seeking proposals from interested contractors and/or firms to provide procurement and installation of commercial sewing machines, design tables and storage cabinets together with training staff on these machines. BACKGROUND BBCM is a jewellery a/accessories and clothing manufacturers supplying their products to YDE chain stores in South Africa. BBCM is located at Silver Oaks Industrial Sites Block 2, 32 Oak Avenue, Ferndale, 2194. The chain stores managed clothing and jewellery stock stability mainly through BBCM’s products for the past five years. It is well known for their trendy, fashionable throughout all seasons through low cost – high quality products. BBCM is one of the recognised brand labels, especially with young generation throughout South Africa and has won two top awards in the clothing industry. At this point, BBCM is facing a challenge in the production of its clothing as YDE has extended its chain stores to the SADC region with their stores specifically in the main cities of Botswana, Lesotho and Swaziland. BBCM has extended its office space by building a new office block to expand its Manufacturing and Design Departments. PROJECT REQUIREMENTS a) Project Description BBCM is seeking contractor and/or firm to design, procure, fit and train per specifications below: - 8 industrial sewing machines - 4 design tables - 4 storage...
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...Would you recommend the acceptance of this proposal? Why or why not. Prepare a short double spaced Word paper elaborating and supporting your answer. I would recommend the acceptance of Clark Paints’ proposal to purchase the new machine to make the paint cans instead of purchasing them. My decision to accept the proposal is supported by the net present value method. The net present value of this project is $33,035. Our textbook, Managerial Accounting, provides an explanation of this concept: “Under the net present value method, the present value of a project's cash inflows is compared to the present value of the project's cash outflows. The difference between the present values of these cash flows is called the net present value” (Garrison, 2012, p.583). Furthermore, our textbook, states: “Whenever the net present value is zero or greater an investment project is acceptable. Whenever the net present value is negative (the present value of the cash outflows exceeds the present value of the cash inflows), an investment project is not acceptable” (Garrison, 2012, p. 583). Below is a chart taken from our textbook, Managerial Accounting, found on page 583: EXHIBIT 13–1 Net Present Value Analysis of a Proposed Project I included this chart because it clearly explains the rules of when to accept or reject a project. And it further supports my decision to accept the proposal of the new machine because the net present value is a positive value: $33,035. According to this analysis...
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...Opportunity costs are irrelevant to decisions. Identifying Relevant Costs and Benefits Sunk costs Costs that have already been incurred. They do not affect any future cost and cannot be changed by any current or future action. Sunk costs are irrelevant to decisions. CLASS EXERCISE – Identify Relevant Costs & Revenue The village of Twin Falls operates a hydroelectric plant on the west side of a river that flows through town. The village uses some of this generated electricity to operate a water treatment plant and sells the excess electricity to a local utility.The village council is evaluating two alternative proposals: - Proposal 1 calls for replacing the generators used in the plant with more efficient generators that will produce more electricity and have lower operation costs. The salvage value of the old generators is higher than their removal cost. - Proposal 2 calls for raising the level of the dam to retain more water for generating...
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...business opportunities to see which would be the better option given their goal. Proposal A is for one single large investment. Proposal B is a staged entry that would take place in two stages. Proposal A is for one single investment, ARC would purchase 500 facilities across the nation. Each facility would be renovated and fully equipped to open as a new facility specializing in sports medicine. The estimated average cost per facility is $800,000, since ARC would be purchasing 500 the total estimated cost is $400 million, internal rate of return 20-25%. This investment requires a greater initial investment but Proposal B is more costly throughout the project. There are several considerations to be made; first if they were to invest in this project ARC would have better pricing for construction, marketing etc. due to the size of the project. As well as they would have a nationwide uniform product this would give ARC name recognition and potentially more clients. On the negative side, this project does require a large amount of capital initially and the risk involved is uncertain. The second option is for Proposal B, which is a two stage process that would include a trial program. This option would start with a trial program in one of nine regions; if successful the program would expand to all nine regions. This project would require less initial capital but if successful would cost more than Proposal A. There are many considerations to be made as far as this project is...
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...increases, the present value of a given future cash flow also increases. Do you agree? Explain. | 10. | How is the project profitability index computed? What does it measure? | 11. | What is meant by the term “payback period?” How is the payback period determined? How can the payback method be useful? | 12. | What is the major criticism of the payback and simple rate of return methods of making capital budgeting decisions? | 13. | The investment required for the project profitability index should: A) be reduced by the amount of any salvage recovered from the sale of old equipment. B) be reduced by the amount of any salvage recovered from the sale of the new equipment at the end of its useful life. C) be reduced by the amount of any salvage recovered from the sale of both the old and new equipment. D) none of the above is correct. | 14. | In capital budgeting...
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...as follows, given the burden rate 145%: Product ICA ICB Capacitor Amplifier Diode Direct Labor 917 2,051 1,094 525 519 Burden 1,330 2,974 1,586 761 753 Total Costs 2,247 5,025 2,680 1,286 1,272 Based on the accounting manger’s proposal, the operation burden can be divided into machine-hour and direct labor burden. We use the revised burden rate 21% and machine-hour rate $80.1 to show the updated costs: Product ICA ICB Capacitor Amplifier Diode Direct Labor 917 2,051 1,094 525 519 Burden 193 431 230 110 109 Machine Hour 18.50 40.00 7.50 5.00 12.00 Machine Burden 1,482 3,204 601 401 961 Total Costs 2,591 5,686 1,924 1,036 1,589 If ETO follows the consultant’s recommend, treats the main test room and mechanical test room as different cost pools. The three-burden-pool system reports the cost: ($63.34 for main room burden rate and $112.63 for mechanical room) Product ICA ICB Capacitor Amplifier Diode Direct Labor 917 2,051 1,094 525 519 Burden 193 431 230 110 109 Main Room Mech. Test Room Hour Room Hour Burden 8.50 10.00 1,665 14.00 26.00 3,815 3.00 4.50 697 4.00 1.00 366 7.00 5.00 1,007 Total Costs 2,774 6,297 2,021 1,001 1,635 Among the three costing systems, we prefer the consultant’s proposal (Q3). The accounting manager treats the machine hours as separate cost pool because the automated operation process leads to large...
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...SportinShirts 12345 Apache Rd Willow Creek, VA 12035 123.456.7890 www.sportinshirts.com PROPOSAL Microsoft Office Programs Training January 16, 2012 Prepared For John Doe, General Manager Software Training Referral Prepared By Joseph Goodrum, Owner SportinShirts Description: SportinShirts is in need of a training company, or experienced trainers to train current employees in the Microsoft Office Suite including, but not limited to Word, Excel, PowerPoint, Access and Outlook. The company currently does not staff anyone proficient in these programs. SportinShirts feels in training our staff to be proficient with the Microsoft Office Suite, the company will create efficiencies in our marketing and sales, billing, production, and administrative departments, so that we can provide better service to customers. Proposal Number: 22-1995 Table of Contents Company Introduction 3 About SportinShirts 3 SportinShirts business goals 3 Project Introduction 4 Project goals 4 Timeframe for project 4 Budget for project 4 Training needed 4 Admin Information 5 Desired qualifications 5 Requirements for formatting/submitting proposals 5 Confidentiality notice 5 Reference requirements 5 Contact Information 5 Deadline for proposal submission 5 Timeframe for vendor selection 5 Selection criteria 5 Company Introduction ...
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...their first meat based preserver. Other products such as food colours and coating forms about 25% of the total sales of the company. 1. THE DECISION: John forms a committee of four members to make a simple decision regarding the purchase of new machinery. The committee comprises of following members: The Marketing Manager The Production Manager The chief Chemist The Accountant The members present their personal point of view as regards to which machine they should purchase. As par the market survey there are two machines available namely: chemex and UFA. Both the machines have their pros and cons. The committee comes to no conclusion and John has to interfere and make a decision. Each member presents his point of view to John who has to make a quick decision. 2. CLASSIFICATION AND CONTEXT OF DECISION: The decision to purchase new machinery is operational decision in context. As it involves decision which focuses on smooth functioning of the company and does not involves goal setting or creating the vision. However, it is also and unstructured decision. As the four members have their own interest at the heart and gives out their own valued opinion it is of no use as no decision has been made as yet. 3. Which machine the company should buy and why? The company should buy UFA and the first important thing that the company needs right now is to stay in the market and chamex would take 3 months to be delivered, and during that time the company might lose its...
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...equipments. ï Elimination of investment tax credit for new equipment due to the new taxlegislation. ï Extended depreciation lives for new equipment under the new tax regulation. ï Reduction of corporate tax rate from 46% to 34% subject to the new taxregulation. ï Economic uncertainty on long-term capital investments. Alternative Courses of Action 1. Buy the new machine yet no new legislation is enacted. Advantages ? The company will continue to use a 5 year ACRS depreciationmodel with higher depreciation expense. ? Efficiency in operation due to new equipments.Disadvantage ? The company will retain all tax credits due to using 5 yr. ACRSdepreciation model in equipments with 7 yr useful life.2 . Buy the new machine when the new tax proposal is enacted and bind the contract soon enough to be grandfathered or before the enactment of thelaw. Advantages ? This will allow the company to receive an investment tax creditthat will reduce the companyís taxes. ? The company will continue to use a 5 year ACRS depreciationmodel with higher depreciation expense. ? Tax rate would reduce to 34%. ? Efficiency in operation due to new equipments.Disadvantage ? Depreciation life of the equipment will not be extended. 3 . Buy the new machine when the new tax proposal is enacted but do not bind thecontract in time to be grandfathered or after the enactment of the law. Advantages ? Efficiency in operation due to new equipments. ? Depreciation life of the equipment...
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