You are an eager and ambitious young graduate of the Reginal F. Lewis College of Business at Virg...
You are an eager and ambitious young graduate of the Reginal F. Lewis College of Business at Virginia State University with a new Accounting degree and a great life ahead of you. One of your closest friends is an inventor and an entrepreneur who wants to start a business selling a break-through new drywall screw that he has invented and that he believes works much better than the drywall screws currently on the market. He wants to start the business...
You are an eager and ambitious young graduate of the Reginal F. Lewis College of Business at Virginia State University with a new Accounting degree and a great life ahead of you. One of your closest friends is an inventor and an entrepreneur who wants to start a business selling a break-through new drywall screw that he has invented and that he believes works much better than the drywall screws currently on the market. He wants to start the business...
You will assume the role of a young entrepreneur eager to start a small company. As a start up company, your plan is as follows: • Rent a retail kiosk inside the Galleria Mall • Purchase T-shirts to sell • Each shirt will be imprinted with one of twelve beautiful pictures exclusively designed for your company by a famous artist who is a friend of yours. He has agreed to design twelve super attractive T-shirt pictures for you each year...
You have decided not to go into a business partnership with your friend Sukhdeep as you are certain that he can not be trusted as he continues to behave in an unethical manner. Sukhdeep was a deceitful student often attempting to mislead his teachers at Yorkville. He has continued with this unethical behavior in his working life, and you are convinced he will not be successful. On the other hand, your reputation as a strong Managerial Accountant as well as...
After graduating UK with a major in finance, you have developed a brilliant new widget. You sell your widgets for $6. You need to buy a machine to produce your widgets. You are considering two machines: [25 points] Machine A: Cost $2,000,000 Annual fixed cost per machine: $250,000; Variable cost per unit $1.40 Annual production capacity: 300,00 widgets (i.e., you cannot produce more than 300,000 widgets) Market life = 5 years; terminal (market) value =0 Machine B: Cost $6,000,000 Annual...
Assume you have developed and tested a prototype electronic product and are about to start your new business. You purchase preprogrammed computer chips at $70 per unit. Other component costs include plastic casings at $15 per unit and assembly hardware at $5 per unit. Direct labor costs are $15 per hour and three units can be produced per hour. You intend to sell each unit at a 50 percent markup over the total costs of producing each unit. The plan...
In terms of Global Business: Read the Who makes the Apple iPhone? case study and answer the question which follows. In answering the question, relate your discussion to the facts presented within the case. In recent decades, China has become an important location for high-tech companies like Apple to source vital manufacturing inputs. Relating to the attributes highlighted in Porter’s Diamond of Competitive Advantage, analyse and discuss China’s competitive advantage in its high-tech components manufacturing industry. Your answer should include...
Background: During your first business class, you saw the opportunity to bring white paper squares to the Salisbury University market. On a whim, you started manufacturing low quality, thin, white, flexible squares of paper. Shockingly, your business took off and the company was successful in competing in a saturated market. Seeing the need for diversification, you launched a new specialty product with the hope of increasing sales and setting the business apart. With moderately good recording keeping and a solid...
Please can you solve by showing the formulas IniVEND has been in business for a year now and seem to be doing quite well. As they explore opportunities for growth, they want to figure out what their future financial position is going to look like as well as analyze pportunities to diversify their product and machine offering. UniVEND will upgrade its machines according to their customers' needs. All values are provided in Turkish Liras (TL). Part 1 Answers What is...
Project 5.2: Identifying a Power Plant Problem You are an independent consultant and operate a business known as Pro-Active Consultants Inc. from your home. Four days ago you received a telephone call from Paullette Machon, who is vice president, operations, of Baldur Agricultural Chemicals (BAC), a company with manufacturing plants across the country. She said she has a task for you and invited you to visit her at the BAC office at 1450 Disraeli Crescent (of the town or city...