1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
soldi70 [24.7K]
3 years ago
11

A florist who has been in business for several years finds himself facing several problems simultaneously. First, he has a large

order for a wedding in three days and just found out that, due to an unexpected frost, the tulips the bride was adamant had to be in the bouquets are not going to be available. Second, his top employee has informed him that she has to schedule a surgery in two weeks and has to take the following six weeks off. Then he heard a rumor that the building where he rents his shop is for sale, meaning he may have a new landlord and higher rent. Finally, the largest refrigerator in his store is making funny noises, and he suspects it will soon stop working. If this happens, he may lose inventory. Prioritize the problems described by putting the most immediate problem first and the least pressing last. Explain the order you chose. Then suggest actions that could be taken to address the problems.
Business
1 answer:
IRISSAK [1]3 years ago
4 0
Problems mentioned in order of priority:

1. Refrigerator making noise - I would make this a priority since this is the easiest to solve and it will prevent future and bigger problem. Scheduling for an appointment for a technician is as easy as a phone call and this is the first thing that I would do. Choose the soonest possible appointment to have the refrigerator checked and ensure it's working quality.

2. Large order for wedding in 3 days and tulips for bouquet is unavailable due to frost - This is the second problem that I will try to resolve since it is time sensitive and would help with the shops sales and reputation. I would check for tulips alternative first before calling the customer. Once I have a list of good alternatives for the tulips, a phone call should be in place to inform them of the situation. Ask or suggest an acceptable alternative to tulips and settle the number of orders. Ensure that the orders are feasible to be delivered fresh on the exact date and time that they need it to and negotiate if necessary if they have a request that cannot be provided in time.

3. Employee needs the next 6 weeks off for a surgery happening in 2 weeks time. This is not a priority since the large order is happening in 3 days, which means that the top employee would still be available for work. Documentations for the leave should be processed and approved as it is a medical leave provided that necessary proofs or medical certificates are given. If there is an expected peak season during the time that the top employee would be on leave, a seasonal worker can be hired to help with man power. But if there is no expected increase or bulk orders in the coming weeks, no change is necessary. 

4. Lastly, the rumors that the building will be sold. - This is the least important and least to be prioritized as  it is only a rumor. It may affect the business if it happens so once the large order is settled, there is no harm in trying to verify this rumor. I would check it with the building administration first to see if they can confirm what's going to happen with the building. If it is confirmed to be sold to a new owner with a possibility of rent increase, it is the time to consider planning for alternatives. An example is to scout for other possible store locations, to come up with accounting reviews to see how an increase in the rent would affect the total profit of the store or come up with plans to increase the profit if needed. But, until any of the said rumor is proven to be true, there is no necessary action that needs to be taken.
You might be interested in
Connolly Company produces two types of lamps, classic and fancy, with unit contribution margins of $13 and $21, respectively. Ea
Usimov [2.4K]

Answer:

$42

Explanation:

Data provided as per the requirement of contribution margin per hour of machine time is here below:-

Unit Contribution Margin = $21

Machine Time required by fancy lamp = 0.50 hours

The computation of contribution margin per hour of machine time is shown below:-

Contribution Margin Per Hour of machine time = Unit Contribution Margin ÷ Machine Time required by fancy lamp

= $21 ÷ 0.50 hours

= $42

Therefore for computing the contribution margin per hour of machine time we simply divide the unit contribution margin by machine time required by fancy lamb.

7 0
2 years ago
Jack, Jill and Maritza are employed as sales persons for Deuce Hardware Supplies. None was hired for a definite period and each
Natali [406]

Answer:

Jack has claim while Jill didn't have.

Explanation:

Jack has claim against Deuce Hardware because his performance is tremendous and make more sales for the company. He done his work very well so he can claim against Deuce Hardware Supplies while on the other hand, Jill has no claim against Deuce Hardware because he commit a crime on the basis of which the company has the authority to terminate him from the job. He works very well in the company but his crime is big enough to terminate him.

5 0
3 years ago
Which of the following scenarios demonstrates the leverage effect on net operating income due to the existence of fixed costs?
morpeh [17]

Answer:

C) A 25% increase in sales resulting in a 30% increase in net operating income.

7 0
3 years ago
Suppose the reserve requirement is 5​%. What is the effect on total checkable deposits in the economy if bank reserves increase
madam [21]

Answer:

D. ​$1 comma 000 billion increase

Explanation:

The reserve requirement ratio determines the total amount of checkable deposits a bank must keep.

In this case the reserve ratio it's 5%, which means that the total amount of deposits cannot exceed an amount equal to 20 times its reserves.  

If the reserves increase by $50 billion then $50/0,05 = 1.000 billion increase.

5 0
3 years ago
Boxer Company owned 16,000 shares of King Company that were purchased in 2016 for $440,000. On May 1, 2018, Boxer declared a pro
Serjik [45]

Answer:

By 110,000 the retained earnings reduced by the property dividend.

Explanation:

Retained Earnings: The retained earnings is that earnings which is left after all payments relating to the business expenses, shareholder dividend. The earnings which is to be retained so that it can come in use in near future.

For retained earning calculation, the stock market value is recorded when the date is declared not on distribution date.

So, the calculation is computed below:

As the 50,000 shares is given for every 10 shares. So, first we have to compute for 1 share which comes by dividing shares to number of shares i.e.  50,000 shares ÷ 10 shares = 5,000 for 1 share.

Now, multiply by market value which comes = 5,000 × $22 = $110,000.

So, by 110,000 the retained earnings reduced by the property dividend.

4 0
3 years ago
Other questions:
  • As you play a Star Trek video game, you track all of the Romulan warships as they fly across the screen, attacking your ship, th
    14·1 answer
  • At $5 a bushel, there is an excess supply of wheat. Is this price above or below the equilibrium price?
    10·1 answer
  • A taxpayer with qualified business income who is a patron of an agricultural cooperative will use what form to calculate the qua
    7·1 answer
  • A company has employed two workers A and B whose productivities are 20 units and 15 units respectively. The wage for A is K12 wh
    15·1 answer
  • When targeting customers of the consumer population to market a
    6·1 answer
  • On a bank's T-account:________.
    7·1 answer
  • Which would you use to estimate the demand for a product at various prices?
    13·1 answer
  • The following accounts appear in the ledger of Oriole Company after the books are closed at December 31, 2020.
    6·2 answers
  • For a given significance level, if the calculated value of the Durbin Watson statistic lies between the lower critical value and
    14·1 answer
  • Which of the following would be a scientific theory? A the hypothesis that if you increase the temperature of water, then sugar
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!