Executive Summary The CEO at West Lake Home Furnishings LTD‚ Charles Bowman‚ came across with a proposal of reducing the retail price of a signature line of decorative lamps from $69.99 to $29.99 for a period of one year. This customer has a large U.S. based retail chain accounted for one-third of West Lake’s wholesale business in 2006. The company had to adjust by holding higher inventory levels in warehouses. West Lake Home Furnishings LTD is intending to stay at top of its business and is
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West Lake Home Furnishings Ltd. Written Analysis and Communication - II Instructor Submitted by Section- D 2/08/2008 Date: May 30‚ 2007 To: Charles Bowman‚ CEO‚ West Lake Home Furnishings Ltd.‚ Ontario‚ Toronto. From Subject: Advice on whether to accept the offer of reducing the price of signature product to $29.99 for a year. This report is a summary and analysis of current situation on West Lake Home Furnishings Ltd. (WLHFL) The analysis is based upon the basic objective
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Overview West Lake was established in Toronto‚ Ontario in 1970 as a manufacturer of table lamps. During the next thirty years since its founding‚ West Lake had extended its wholesale line to involve both floor lamps and lighting fixtures. It opened a retail store in Toronto‚ selling a broad line of lighting and some traditional home decor products. In addition‚ it also began its business online and sells its products directly to consumers. Charles Bowman‚ the CEO of West Lake Home Furnishing Ltd‚ had
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ISSN 1940-204X Newport Home: Multichannel Merchandising and Inventory Management Regina M. Anctil University of St. Thomas Opus College of Business P. Jane Saly University of St. Thomas Opus College of Business Introduction furniture‚ are based on classic designs that change somewhat over time. Seasonal products‚ mainly soft goods‚ upholstery‚ and small hard goods‚ change frequently. The introduction of seasonal products has become a year-round job for the company designers
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A. 2006-2007 Current Ratio = Current Assets/Current Liabilities =(1‚500‚000/2) / (600‚000/2) = 2.5 Quick Ratio = (CA - Inventories)/CL =(1‚500‚000/2)-(950‚000)/2)/(600‚000)/2) = 0.92 NWC to Total Assets Ratio = (CA - CL)/Assets =(1‚500‚000/2)-(600‚000)/2)/(2‚200‚000/2) = 40.9% 2007-2008 Current Ratio = Current Assets/Current Liabilities =(1‚770‚000/2) / (774‚000)/2) = 2.29 Quick Ratio = (CA - Inventories)/CL =(1‚770‚000/2)-(1‚100‚000/2))/(774‚000)/2) = 0.87 NWC
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Scandi Home Furnishings Case Kaj Rasmussen founded Scandi Home Furnishings as a corporation during mid-2007. Sales during the first full year (2008) of operation reached $1.3 million. Sales increased by 15 percent in 2009 and another 20 percent in 2010. However‚ profits after increasing in 2009 over 2008 fell sharply in 2010 causing Kaj to wonder what was happening to his “pride and joy” business venture. After all‚ Kaj has continued to work as close as possible to a 24/7 pace beginning with
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Kaj Rasmussen founded Scandi Home Furnishings as a corporation during mid-2002. Sales during the first full year (2003) of operation reached $1.3 million. Sales increased by 15 percent in 2004 and another 20 percent in 2005. However‚ profits after increasing in 2004 over 2003 fell sharply in 2005 causing Kaj to wonder what was happening to his “pride and joy” business venture. After all‚ Kaj has continued to work as close as possible to a 24/7 pace beginning with the startup of Scandi and through
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ndia Reports Home Furnishing Industry in India A Chillibreeze Publication | November 2008 Home Furnishing Industry in India Table of Contents 1. Home Furnishings – An Introduction ...........................................................................................4 2. Home Furnishing Industry in India ..............................................................................................4 3. Production Centres – Products Related To Home Furnishings .....................
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CASE IN STUDY: LAKE VICTORIA Krystle Baxter University of Phoenix August‚ 2012 Lake Victoria is the second largest fresh water lake in East Africa. Lake Victoria was the home to over 400 cichlids; which today more than half of the population are now extinct. A major destruction of Lake Victoria’s ecological balance was due to the Nile Perch. The Nile perch is a large voracious predator. The Nile Perch was brought to Lake Victoria to help out fisherman but instead the ecological balance of the
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Non-point Source Water Pollution Caused Eutrophication of Dianchi Lake in China and Possible Solutions Abstract: Eutrophication is a big problem around the world and especially in China where laws and regulations are not followed in rural areas. This is the case in Kunming‚ Yunnan‚ China at Lake Dianchi where eutrophication is the highest in the country. This case study will set up to study the effects of phosphate in the lake‚ the quantity of phosphate‚ and the possible source of the phosphate
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