Premium Essay

Marvellous Enterprises Case Study

In: Business and Management

Submitted By Honeybigbang
Words 688
Pages 3
MANNING ENTERPRISES
Ms. Manning has realized that the company would be much more profitable and her managerial job would be much easier if the company made more of the components used in the calculator. She must make a decision about buying the injection mold which cost $250,000, including delivery and modification for her purpose. She is sure she does not want to ask for further loan, especially since the machine will not be able to make any contribution to 2013 earnings.
With her current financial situation, she has a total cash of $66,280 dollars which is far below $250,000. Therefore, several changes have to be made to create the amount she needs.
Recommendations:
On Microsoft Excel spreadsheet, Manning Electronics, Inc’s projected monetary flow and projected income statement are estimated. 1) How can she raise $250,000 cash by the end of 2013? (Sheet 1)
Changes in receipts:
Forecasts are rarely perfect. Unforecasted events such as increase in sales can raise cash. Suppose there is a 5 percent increase in sales. Units sold therefore will increase from 60000 units to 63000 units. She decides to make few more items than she expects, thus, units sold will become 68000 units. Ms. Manning realizes that the actual sales volume would change with retail price but the small price changes, 5% or less, will not affect sales volume. Therefore, I would like to increase the retail price by 5% which $21.00. Her average collection period is 60 days. If the average collection period is smaller, more cash will flow in on annual monetary flow. Therefore, I would decrease the average collection period from 60 to 30 days. She estimates that 6% of sales revenue is lost through bad depts. If we can write up a contract with the retailers, sales revenue lost through bad debts could go down to 3%. As a result, the net receipts increases from $1,111,333 to $1,356,393.

Similar Documents

Premium Essay

Business Intelligence

...AND MEDIUM-SIZED ENTERPRISES Journal: Manuscript ID: Submission Type: Keyword: 18th European Conference on Information Systems ECIS2010-0252.R1 Research Paper Business intelligence, Decision support systems (DSS), Information technology adoption, Organizational characteristics Page 1 of 12 18th European Conference on Information Systems BENEFITS AND CHALLENGES OF BUSINESS INTELLIGENCE ADOPTION IN SMALL AND MEDIUM-SIZED ENTERPRISES Scholz, Patrick, HOERBIGER Holding AG / Chemnitz University of Technology, Hannawaldweg 12, 09405 Zschopau, Germany, patrick.scholz@hoerbiger.com / patrick.scholz@wirtschaft.tu-chemnitz.de Schieder, Christian, Chemnitz University of Technology, Thueringer Weg 7, 09126 Chemnitz, Germany, christian.schieder@wirtschaft.tu-chemnitz.de Kurze, Christian, Chemnitz University of Technology, Thueringer Weg 7, 09126 Chemnitz, Germany, christian.kurze@wirtschaft.tu-chemnitz.de Gluchowski, Peter, Chemnitz University of Technology, Thueringer Weg 7, 09126 Chemnitz, Germany, peter.gluchowski@wirtschaft.tu-chemnitz.de Boehringer, Martin, Chemnitz University of Technology, Thueringer Weg 7, 09126 Chemnitz, Germany, martin.boehringer@wirtschaft.tu-chemnitz.de Abstract Leveraging information is a key success factor for companies. Over the last two decades Business Intelligence (BI) has evolved to become a foundational cornerstone of enterprise decision support. However, prior research shows that small and medium-sized enterprises (SMEs), in particular...

Words: 4643 - Pages: 19

Premium Essay

Factors

...THE EFFECT OF AFFECT ON FOREIGN LANGUAGE LEARNING: A REVIEW OF THE ANXIETY RESEARCH Thomas Scovel University of Pittsburgh Although studies of the relationship between affective factors and language learning proficiency abound in the literature, the evidence to support such a relationship is difficult to interpret. Much of the problem resides in the fact that a wide range of variables are lumped together under the rubric “affect.” An attempt is made to ameliorate this situation by defining affective variables in terms of traditional psychological theory and classifying them as a subset of those variables intrinsic to the learner. The conflicting evidence dealing with one important affective variable, anxiety, is then examined, and it is shown that ambiguous experimental results can be resolved if the distinction between facilitating and debilitating anxiety is drawn. Further classificatory distinctions are discussed from the abundant experimentation undertaken by applied psychologists, and an attempt is made to consider the implications of some of this research for adult language learning-for some of the new methodologies in EFL as well as for future research opportunities. Affective Variables One does not have to delve deeply into the literature on the relationship between affective variables and second language learning to discover that “affect” is a cover term under which is swept a wide range of disparate constructs and behaviors. Included under the...

Words: 6056 - Pages: 25

Free Essay

Social Entrepreneurs Lack Business Skills Training, Education and Social Innovation

...5 CHAPTER 1: RESEARCH PROBLEM …………………………………………………………...6 1.1 INTRODUCTION ………………………………………………………………………………...6 1.2 STATEMENT OF RESEARCH PROBLEM ……………..……………………………………6 1.3 BACKGROUND OF THE RESEARCH PROBLEM …………….…………..………………,.7 1.4.1 MAIN RESEARCH QUESTION .....................................................................................7 1.4.2 SUB-QUESTION ….....……………………………………………………..………………....7 CHAPTER 2: LITERATURE REVIEW …………………………………………..………………..8 2.1 INTRODUCTION …………………………………………………………….….……………….8 2.2 SOCIAL INNOVATION, SOCIAL ENTREPRENEURS AND THEIR BASIC NEEDS…….8 2.3 SOCIAL ENTREPRENEURS NEED SKILLS AND TRAINING. ……….……..…………….9 2.4 CASE STUDIES: SUCCESFULL SOCIAL ENTREPRENEURS …..……………………..11 2.4.1 LOCAL CASE STUDIES IN RELATION TO DESIGN RESEARCH ……….…….....11 2.4.2 INTERNATIONAL CASE STUDIES IN RELATION TO DESIGN RESEARCH…....12 2.5. CONCLUSION AND RECOMMENDATIONS ……………………..……..……...………..13 CHAPTER 3: RESEARCH DESIGN AND METHODOLOGY …….…………….…………….14 3.1 INTRODUCTION ………………………………………………..…………….……………….14 3.2 QUALITATIVE RESEARCH ………………………….………..……....…….……………….14 3.3 OVERVIEW OF INFORMATION NEEDED ………………….…..…..…….……………….14 3.3.1 DELINEATION OF MY RESEARCH ………...…………………………………………14 3.4 RESEARCH SAMPLING ………………..……………………….…..…….…..……………..15 3.4.1 THE TYPES OF BUSINESS SKILL TRAINING NEEDED……………..…………….15 3.4.2 WHAT IS MEANT BY ‘EDUCATION NEEDED’...……………………………………..15 3.4.3 STRENGTHENING...

Words: 6843 - Pages: 28

Premium Essay

Project Management

...University of Western Cape School of Business and Finance MAN620/ADM720 Project Management Lecture Session 1 : 26th January 2010       An introduction into project management with some history of project management and some contextual information. How project management has permeated almost all aspects of working life. The evolution of the project management context. Why and under what circumstances project management is used. What characterizes projects and differentiates them from other forms of management. Examples of projects – large medium and small. Chapter 1 - An Introduction to Project Management The Project Management Book of Knowledge (PMBoK) defines Projecy Management as “the application of knowledge, skills, tools and techniques to project activities to meet project requirements”. In the course outline we make the following statements with regard to what this course promises you engineering students. In the engineering environment, Project Management can be practiced either a stand-alone professional discipline or as an integral part of the delivery mechanism for engineering services. Either way, all engineers need a thorough understanding of Project Management theory, principles, practices, tools and techniques. This course has been structured to stimulate the interest of student engineers in the discipline of Project Management and to equip them with sufficient knowledge of the discipline to meaningfully participate in project work at an early stage. Many...

Words: 5880 - Pages: 24

Premium Essay

Short Story

...transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the publishers. Is English a First or Second Language in Singapore? Joseph Foley 3. Lectal Varieties of Malaysian English Elaine Morais 4. Ethnic Group Varieties of Singapore English: Melody or Harmony? Lisa Lim 5. Two Issues in the Study of Singapore English Phonology BaoZhiming 6. Tense and Aspect in Singapore English Lubna Alsagoff 7. Reduplication in Colloquial Singapore English Lim Choon Yeah and Lionel Wee 8. The Cultural Grounding of Singapore English Ho Chee Lick 9. IJumping on the Bangwagon': Issues in Student Writing Alan Maley National Library Board (Singapore) Cataloguing in Publication Data Evolving Identities: The English Language in Singapore and Malaysia I Vincent B.Y. Ooi (ed.). - Singapore: Times Academic Press, 200 I. p.cm. Includes bibliographical references and index. ISBN: 981-21O-156-X I. English language-Singapore. I. Ooi, Vincent Beng Yeow. PE3502.S5 427.95957 - dc21SLS2001007307 2. English language-Malaysia. 10. Till Divorce Do Us Part: The Case of Singaporean and Malaysian English Gerard Lim 11. Me/aka or Ma/acca; Kalfang or Care-Lang: Lexical Innovation and Nativisation in...

Words: 8247 - Pages: 33

Free Essay

Critical Analysis of Scientific Management

...Euro. J. History of Economic Thought 14:1 55 – 78 March 2007 Alfred Marshall’s critical analysis of scientific management* Katia Caldari The value of a machine to a business can be calculated on the basis of its efficiency for its immediate work. But the value of an employee must be estimated (. . .) with a view to the probable development of his capacities: and the difficulty of this task is increased by the conditions of modern business. (Marshall 1919: 350) The dependence of industrial leadership on individuality and creative faculty has not been greatly effected by the predominance of routine in staple manufacture. (Marshall Library Archive, Red Box 1) 1. Introduction In 1911, in America, F.W. Taylor published his famous book, Principles of Scientific Management, in which new principles of industrial organization are suggested and the advantages of an extreme division of labour and mechanization are stressed. Taylor’s theory of scientific management played a very important role in shaping the early twentieth century factory system, both in America and in Address for correspondence University of Padua, Italy; e-mail: katia.caldari@unipd.it * An earlier draft of this paper was presented at the History of Economics Society’s Annual Meeting, 4 – 7 July 2003, Duke University, Durham. I would like to thank all the participants to my section for their helpful comments, in particular James Henderson, Mary Morgan, Michel Que ´ and Malcolm Rutherford. For...

Words: 9766 - Pages: 40

Premium Essay

Business

...Masarykova univerzita Ekonomicko-správní fakulta Katedra podnikového hospodářství [pic] Analýza marketingové strategie zahraniční kosmetické firmy působící na českém trhu Exploring Marketing Strategy of the Cosmetic Company Operating in the Czech Market Bakalářská práce Autor: Barbora Vincenecová Brno, listopad 2006 Jméno a příjmení autora: Barbora Vincenecová Název bakalářské práce: Analýza marketingové strategie zahraniční kosmetické firmy působící na českém trhu Název v angličtině: Exploring Marketing Strategy of the Cosmetic Company Operating in the Czech Market Katedra: Katedra podnikového hospodářství Rok obhajoby: 2006 Anotace v češtině Obsahem této práce je analýza marketingové strategie kosmetické firmy Avon, operující na českém trhu. Konkrétně se snaží odpovědět na otázky: jaké metody reklamy Avon praktikuje, jaké nástroje sales promotion používá a jaké typy public relations firma volí k úspěšné komunikaci se zákazníkem. Sběr dat byl uskutečněn na základě rozhovoru s marketingovou ředitelkou společnosti Avon Česká republika. Anotace v angličtině This dissertation investigates the marketing strategy techniques within the cosmetic company operating in the Czech market. It tries to answer following questions: Which methods of advertising does the company use? What types of sales promotion does the organisation apply to attract customers? Which public relation practices does the association utilize to communicate...

Words: 20895 - Pages: 84

Free Essay

A Research About Stephen Hawkings

...Hawking contra Philosophy Christopher Norris presents a case for the defence. Stephen Hawking recently fluttered the academic dovecotes by writing in his new book The Grand Design – and repeating to an eager company of interviewers and journalists – that philosophy as practised nowadays is a waste of time and philosophers a waste of space. More precisely, he wrote that philosophy is ‘dead’ since it hasn’t kept up with the latest developments in science, especially theoretical physics. In earlier times – Hawking conceded – philosophers not only tried to keep up but sometimes made significant scientific contributions of their own. However they were now, in so far as they had any influence at all, just an obstacle to progress through their endless going-on about the same old issues of truth, knowledge, the problem of induction, and so forth. Had philosophers just paid a bit more attention to the scientific literature they would have gathered that these were no longer live issues for anyone remotely au fait with the latest thinking. Then their options would be either to shut up shop and cease the charade called ‘philosophy of science’ or else to carry on and invite further ridicule for their head-in-the-sand attitude. Predictably enough the journalists went off to find themselves media-friendly philosophers – not hard to do nowadays – who would argue the contrary case in a suitably vigorous way. On the whole the responses, or those that I came across, seemed overly anxious to strike...

Words: 9175 - Pages: 37

Premium Essay

Sap Warehouse Management

...Warehousing in theory and practice A case study at ÖoB, Clas Ohlson, Stadium, Åhlens Mahesh Kumar Rajuldevi Ranjit Veeramachaneni Sridhar Kare _______________________________________________________________________ This thesis comprises 30 ECTS credits and is a compulsory part in the Master of Science with a Major in Industrial Engineering – Logistics, 120 ECTS credits Nr. 5/2009 _______________________________________________________________________ Warehousing in theory and practice A case study at ÖoB, Clas Ohlson, Stadium, Åhlens Mahesh Kumar Rajuldevi Ranjit Veeramachaneni Sridhar Kare Master Thesis Subject Category: Series and Number: Technology Industrial Engineering: Logistics, 17/2008 University College of Borås School of Engineering SE 501 90 BORÅS Telephone: +46 033 435 4640 Examiner: Supervisor: Date: Keywords: Göran Stjernman Göran Stjernman November, 2008 Warehousing, Warehouse management systems, Retail stores, Inventory, Labour management. ii Acknowledgements The present master’s thesis work represents the essence of our achievements during the two years of study in Industrial Engineering and Logistics programme at University College of Borås, Borås. During this period there have been many people who have inspired us throughout the study period. The thesis work is concluding part of our university degree in MSc. in Industrial Engineering and Logistics. This master’s thesis was written during autumn 2008. This period was very...

Words: 29709 - Pages: 119

Premium Essay

Budget and Others

...Mann-01.qxd 14~8~04 16:05 Page 1 Chapter 1 The strategic importance of human resource development Introduction We start this chapter by examining the reasons why human resource development has become a critical part of an organization’s competitive capabilities, and explaining why people are important in organizations. We will also discuss how human resource development has changed over time, and why it is important in the modern competitive arena. The next section explores how human resource management has been modified to reflect the step changes in markets and production requirements over time. We will describe the nature of the changes to major business eras, leading to an appreciation of how skills requirements have reflected these major changes. After explaining what is meant by strategy, the third section develops key strategic issues in human resource development. We will also investigate how human resources can play a profoundly important part in developing and implementing strategy within an organization. Next, the emergence of human resources as a strategic issue is explored in greater depth. This section explains the critical differences between many Western firms’ and Japanese approaches to human resource development. We will show that human resource development needs to be in place alongside other important human resource issues, including industrial relations, and describe how human resources can become part of the core competence of an organization...

Words: 12688 - Pages: 51

Free Essay

History of Accounting

...Context and Consequence THOMAS REGINALD (Tom) ROWLES B.Ec (Hons), Dip.Ed (Monash) A THESIS SUBMITED FOR THE DEGREE OF DOCTOR OF PHILOSOPHY IN THE SCHOOL OF ACCOUNTING AND LAW OF RMIT UNIVERSITY, MELBOURNE, VICTORIA, AUSTRALIA ii DECLARATION I certify that: Except where due acknowledgement has been made, this thesis is mine alone; and The work has not been submitted previously, in whole or part, to qualify for any other academic award; and The content of the thesis is the result of work that has been carried out since the official commencement date of the approved research programme. THOMAS R. ROWLES iii TABLE OF CONTENTS Chapter Introduction 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 Introduction Purpose of the Study Sombart’s Hypothesis An Alternative Model; Entrepreneurial Decision-making Context: The Industrial Revolution and ‘Profit’ The Changing Nature of ‘Investment’ The Great Depression of 1873-96 Intellectual Introspection Irving Fisher and the Conception of Capital and Income 17 17 17 23 25 26 30 32 34 34 35 36 38 38 38 39 43 46 49 50 51 54 55 1.10 Research Issues Identified 1.11 Summary Derivation of Research Issues 2.1 2.2 Introduction Evidence from Extant Accounts 2.2.1 Fixed Assets in Mercantile Accounting 2.2.2 The East India Company 2.2.3 Fixed Assets and Early Industrial Accounting 2.2.4 Capital Asset Accounting After 1870 2.2.4.i Renewal Accounting 2.2.4.ii Double-Account System 2.2.4.iii A Rejected Hypothesis 2.3 Steam and Iron:...

Words: 130630 - Pages: 523

Free Essay

Road to Serfdom

...of The Road to Serfdom by F. A. Hayek as it appeared in the April 1945 edition of Reader’s Digest The Institute of Economic Affairs First published in Great Britain in 1999 in the ‘Rediscovered Riches’ series by The Institute of Economic Affairs 2 Lord North Street Westminster London sw1p 3lb Reissued in the ‘Occasional Paper’ series in 2001 This condensed version of The Road to Serfdom © Reader’s Digest, reproduced by kind permission The Road to Serfdom is published in all territories outside the USA by Routledge. This version is published by kind permission. All other material copyright © The Institute of Economic Affairs 1999, 2001 Every effort has been made to contact the copyright holders associated with this edition. In some cases this has not been possible. The IEA will be pleased to include any corrections in the next edition. All rights reserved. Without limiting the rights under copyright reserved above, no part of this publication may be reproduced, stored or introduced into a retrieval system, or transmitted, in any form or by any means (electronic, mechanical, photocopying, recording or otherwise), without the prior written permission of both the copyright owner and the publisher of this book. A CIP catalogue record for this book is available from the British Library. isbn 0 255 36530 6 Many IEA publications are translated into languages other than English or are reprinted. Permission to translate or to reprint should be sought from the General Director at the...

Words: 16475 - Pages: 66

Premium Essay

Management Practice

...MANAGEMENT PRACTICE S.A.I.M. S.A.I.M. CASE-STUDY WORKBOOK Prepared by Dr Norris W Dalton. Copyright 2002 SAIM Management Practice 1 Copyright @ 2002 - South African Institute of Management All rights reserved. No part of this publication may be reproduced or transmitted in any form by any means, electronic or mechanical, including photocopy, recording, or any information storage and retrieval system, without permission in writing from SAIM. Copyright @ 2002 Copyright 2002 SAIM First Edition (2002) Management Practice 2 MANAGEMENT PRACTICE CASE-STUDY WORKBOOK CONTENTS Page 1. Introduction. 5 2. Management in Context. 7 3. Learning to be a manager. 9 4. Case-study analysis. 11 5. Problem-solving and decision-making. 14 6. Caselets: First-line and Middle-management (Tactical/operational levels). 21 7. Case-studies: Executive / Senior management (transitional / strategic level). 119 8. Case-studies: Management failures (Reference studies). 173 9. Lessons: 201 Business {Managerial) Failure. 10. References and Further Reading. Copyright 2002 SAIM 207 Management Practice 3 Copyright 2002 SAIM Management Practice 4 MANAGEMENT PRACTICE Management Principles are easy; Management Practice is difficult. 1. Introduction The Theory of Management (20%) is easy and can be learnt in a classroom setting, since it relates to knowledge acquisition and book-learning...

Words: 40484 - Pages: 162

Premium Essay

The Economic Impact of Tourism on Hotel Management

...ECONOMIC IMPACT OF TOURISM ON HOTEL DEVELOPMENT (A STUDY OF SHERATON HOTEL, IKEJA, LAGOS) A RESEARCH PROJECT SUBMITTED BY ODEODE FAITH EBANEHITA (Matric. No: RUN06-07/925) IN PARTIAL FULFILMENT OF REQUIREMENTS FOR THE AWARD BACHELOR OF SCIENCE (B. SC) DEGREE IN TOURISM MANAGEMENT TO THE DEPARTMENT OF TRANSPORT AND TOURISM STUDIES, COLLEGE OF MANAGEMENT SCIENCES, REDEEMER’S UNIVERSITY, OGUN STATE. MAY 2010 CERTIFICATION I certify that this research project titled ECONOMIC IMPACT OF TOURISM ON HOTEL DEVELOPMENT (A STUDY OF SHERATON HOTEL, IKEJA, LAGOS) .................................................................................................. Was conducted and written by ODEODE FAITH EBANEHITA Run06-07/925 ........................................................ ........................ Name Matric No Under my supervision In partial fulfilment of the requirement for the award of (B. SC) TOURISM MANAGEMENT ............................................................. In the College of Management Sciences Redeemer’s University, Redemption City, Ogun State, Nigeria Mrs. A.O. Idowu Dr. (Mrs.) B.O. Adeleke _______________________ ____________________ Name, Signature and Date ...

Words: 22394 - Pages: 90

Free Essay

Cross Cultural in China

...Expatriates in China Experiences, Opportunities and Challenges Ilaria Boncori ISBN: 9781137293473 DOI: 10.1057/9781137293473 Palgrave Macmillan Please respect intellectual property rights This material is copyright and its use is restricted by our standard site license terms and conditions (see palgraveconnect.com/pc/connect/info/terms_conditions.html). If you plan to copy, distribute or share in any format, including, for the avoidance of doubt, posting on websites, you need the express prior permission of Palgrave Macmillan. To request permission please contact rights@palgrave.com. Expatriates in China Experiences, Opportunities and Challenges Ilaria Boncori Expatriates in China 10.1057/9781137293473 - Expatriates in China, Ilaria Boncori Copyright material from www.palgraveconnect.com - licensed to University of Wollongong - PalgraveConnect - 2014-05-17 This page intentionally left blank 10.1057/9781137293473 - Expatriates in China, Ilaria Boncori Copyright material from www.palgraveconnect.com - licensed to University of Wollongong - PalgraveConnect - 2014-05-17 Expatriates in China Experiences, Opportunities and Challenges Ilaria Boncori University of Essex, UK Copyright material from www.palgraveconnect.com - licensed to University of Wollongong - PalgraveConnect - 2014-05-17 10.1057/9781137293473 - Expatriates in China, Ilaria Boncori © Ilaria Boncori 2013 Foreword © Heather Höpfl 2013 All rights reserved. No reproduction...

Words: 104917 - Pages: 420