_IN T E R O F F IC E M E M O R A N D UM TO: DR. MICHAEL PREIS – VICE PRESIDENT OF HUTCH CORPORATIONS FROM: MAXIMILIAN PAHN – SENIOR CONSULTANT SUBJECT: EXECUTIVE SUMMARY DATE: 02/10/2013 Executive Summary: 1) Since Hutch Corporations is targeting the lower-middle‚ middle-income range and no specific ethnic group‚ the two possible locations Dalton and Hinesville seem to be the good match for a new store according to Exhibit 2. Hutch´s target market of women between the
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The Global Sourcing Wire‚ pg. 805 1. Original Wire Quote: * Unit Price = $30 * Packing Costs = $0.75 per unit * Tooling = $6‚000 one-time fixed charge * Freight Cost = $5.20 per hundred pounds Yearly Unit Cost = ((monthly demand*12) * (unit cost + packaging cost)) + tooling charge Yearly Unit Cost = ((60000)*(30+.75)) + 6000 Yearly Unit Cost = (60000*30.75) + 6000 = $1‚851‚000 Yearly Unit Cost = $1‚851‚000 Unit Cost = Yearly Unit Cost / Yearly Demand Unit Cost
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CARDINAL UTILITY ANALYSIS 3Human wants are unlimited and they are of different strength. The means at the disposal of a man are not only scarce but they have alternative uses. As a result of scarcity of resources‚ the consumer cannot satisfy all his wants. He has to choose as to which want is to be satisfied first and which afterward if the resources permit. The consumer is confronted in making a choice. For example‚ a man’ is thirsty. He goes to the market and satisfies his thirst by purchasing
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ENSR – case 1. Synopsis – situation Bob Petersen is facing: poor earnings 2 years in a row and the bottom-line results could and should be improve significantly he is talking to Kathy Anderson to finalize the meeting on Monday to better improve the firm’s utilization of it’s key resource: consultants. Players: Bob Petersen (president) Bob Weber (Operations) Bob Kelleher (Human Resources) – talks about cutting people Kathy Anderson (Senior Vice President
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TUSCAN LIFESTYLES: ASSESING CUSTOMER LIFETIME VALUE Tuscan Lifestyles catalogs markets a number of products such as cookware‚ tableware‚ linens and decorative home accessories. Due to the nature of the products and the business‚ it is difficult for the company to know whether or when the customer makes additional purchases. The company is looking to see whether a customer’s initial purchase amount is predictive of the overall lifetime value of the customer and base their future marketing plans
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Sales and purchase: The terms ¨sales order¨ and ¨purchase order¨ are not interchangeable‚ they are two very different documents. A sales order‚ abbreviated in business as SO‚ comes from a business to a customer. By comparison‚ a purchase order comes from a business to a vendor. Both are fulfillment methods‚ the sales order representing outside sales‚ and the purchase order representing internal corporate goods or service requests. Sales orders and purchase orders are tools for tracking business
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Aloha Products Evaluation of the current management control syste Aloha Products maintains a centralized control system. This includes the purchase of raw materials‚ marketing and sales. This management control structure does not give the plant managers control on any of the major activities of a production facility. According the case information‚ the plant manager does not control the green beans purchase‚ production schedule or the production mix‚ nor do they have control over sales or marketing
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In Jack’s purchasing process‚ several issues need to be pay attention to reduce the risk of fraud or errors. As an auto detailing business‚ Jack’s Car detailing needs to purchase car decorating beauty supplies and other related surrounding decorative materials as the basic supplies for its business. In the first step‚ to avoid wrong order items /quantity‚ the purchase requisition form should list specific items and quantity. More importantly‚ the purchase requisition must be authorized by designated
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Identify the store and the day and time you made your observation. In order for me to observe consumer behaviors‚ I went to my local grocery store Wegmans. Wegmans is a popular chain grocery store in my area and where I do all my grocery shopping. In fact‚ they are the number one choice of most consumers in the Western New York area‚ not only because of their prices and variety but also due their local presence and contributions to the community. In my observations‚ I chose two aisles: the first
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1. List what you believe should have been the three to five key internal control objectives of Goodner’s Huntington sales office. • Existence – Record the purchase orders in standard form as soon as sales reps receive them. • Rights and obligations – Limit rights for sales reps. • Completeness – Record the purchase order‚ ship the inventory‚ and receive payment. • Valuation – Keep accuracy for the value. 2. List the key internal control weaknesses that were evident in the Huntington unit’s
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