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soldi70 [24.7K]
4 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]4 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.
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Sedaia [141]

Answer:

b. Increase by $17,000

Explanation:

For computing the change in the operating income, first we have to determine the cost by make and buy options

Make options:

= Variable cost + fixed cost

= $70 + $60

= $130

Buy options:

= Outside supplier cost + fixed cost × remaining percentage

= $77 + $60 × 60%

= $77 + $36

= $113

So, the difference of cost would be

= $130 - $113

= $17

And, the operating income would be

= Number of units make in each year × cost difference

= 1,000 units × $17

= $17,000

4 0
3 years ago
Terry Washington recently started a new firm in the financial services industry. Prior to starting his firm, he spent considerab
Pie

Answer:

Industrial Analysis.

Explanation:

Terry Washington recently started a new firm in the financial services industry. Prior to starting his firm, he spent considerable time doing research on the profit potential of the industry. The research that Terry was doing is called <u>Industrial </u>analysis.

Industrial Analysis: It is an analysis or function conducted by the owner of business to understand the dynamics and workflow of any specific industry. It help to know the industrial environment to gain the competitve advantage and potential of the business in the industry. Later on the basis of Industrial analysis, SWOT analysis is conducted to know Strength, weakness, opportunity and threats of a company.

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3 years ago
Each employee (on average) is equally productive, and each one's monthly sales are normally distributed with a mean of $127,000
xenn [34]

Answer:

0,1706

Explanation:

mean = $127.000

SD= $ 24.000

P ( X> $160.000 ) =P (Z> (X-MEAN) / SD ) = P(Z> (127.000-164.000) / 24.000)

P (Z> - 1,375) = 1- P ( Z< 1,375)  = 1- 0,9147 = 0,0853 x 2 employees = 0,1706

8 0
3 years ago
Samantha opened a savings account this morning. Her money will earn 5 percent interest, compounded annually.After five years, he
Valentin [98]

Answer:

Samantha could have deposited less money and still had $5,600 in five years if she could have earned 5.5 percent interest

Explanation:

Giving the following information:

Her money will earn 5 percent interest, compounded annually. After five years, her savings account will be worth $5,600.

First, we will calculate the original deposit. Then, we will tackle each statement and find the true one.

PV= FV/(1+i)^n

PV= 5,600/ (1.05^5)= $4,387.75

a. Samantha deposited more than $5,600 this morning. False, we just prove that she deposit less than 5,600

b. Samantha could have deposited less money and still had $5,600 in five years if she could have earned 5.5 percent interest. <u>True. The higher the interest rate, in the same period the higher the ending value or lower the present value. </u>

c. The present value of Samantha's account is $5,600. False, the final value is $5,600.

d. Samantha would have had to deposit more money to have $5,600 in five years if she could have earned 6 percent interest. False, she would have to deposit less than $5,600

e. Samantha will earn an equal amount of interest every year for the next five years. False. Because interest gets capitalized, each year the interest earned is higher.

8 0
4 years ago
A young couple has made a deposit of the first month's rent (equal to $1,000) on a 6-month apartment lease. The deposit is refun
jolli1 [7]

Answer:

It would be wiser for the couple to stay in the old apartment and save $1400

Explanation:

If they stay until the end of the lease, total money that will be paid out is $1000 x 6 = $6000,

If they leave, they'll have to forgo $1000.

If they move to their new apartment, they'll pay $900 x 6 = $5400

total expenditure if they move to the new place at the end of the six months period will be, the $1000 that will not be refunded back to them on the old apartment, plus this new $5600 for six month's rent in this new apartment, and that will be a total of $6400.

It would be wiser for the couple to stay in the old apartment and save $1400

3 0
3 years ago
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