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inn [45]
2 years ago
11

TimTam Steel, a steel manufacturing company, recently adopted a new supply chain management system. By virtue of the new system,

the company is able to acquire raw materials from suppliers in a shorter period of time than its competitors. The supply chain management system may become outdated in the near future; however, it has presently drastically reduced costs associated with material procurement for TimTam Steel. In the given scenario, TimTam Steel has achieved _____.
Business
1 answer:
katen-ka-za [31]2 years ago
4 0

Answer:

<u>First mover advantage</u>

Explanation:

First mover advantage refers to the process wherein a company gains competitive advantage over it's competitors due to being the first in an industry for coming up with a product or service or being the first one to employ a certain management system or technique.

A first mover gains advantage since by the time other market participants enter the arena, such a firm has already reaped bulk of the advantage.

In the given case, the steel manufacturing company adopted a new supply chain management system courtesy of which it is able to reduce the procurement time of raw materials considerably thereby leading to efficient production. It has also lead to reduction of costs and thus, has increased profitability.

This represents a case of first mover advantage achieved by the company owing to which it has gained a competitive advantage currently.

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Steinberg Corporation and Dietrich Corporation are identical companies except that Dietrich is more levered. Both companies will
AveGali [126]

Answer:

Explanation:

he total value of a firm’s equity is the discounted expected cash flow to the firm’s shareholders. If the expansion [in the economy] continues, each firm will generate EBIT of $4 million, but the firm is also obligated to pay interest of $940,000. If a recession occurs, Steinberg will have an EBIT of $1,400,000 but still have to pay $1,500,000 in interest to bondholders. Therefore, assuming a discount rate of 15%, the market value of Steinberg’s equity will be:

ESteinberg = [(.70)($4,000,000 - $940,000) + (.30)($1,400,000 - $940,000)]/1.15

ESteinberg = $1,982,609

Steinberg’s bondholders will receive $940,000 whether there is a recession or expansion in the economy. So, the market value of Steinberg’s debt is: DSteinberg = {(.70)[$940,000] + (.3)[$940,000]}/1.15 = $817,391

Since Dietrich owes its bondholders $1.5 million at the end of the year, its shareholders will receive $ million [i.e., $4 million - $1.5 million] in the event of expansion. If there is a recession, its shareholders receive nothing because the EBIT of $1.4 million is less than the interest payment of $1.5 million. Therefore, the market value of Dietrich’s equity will be: EDeitrich = {(.70)[$1.5 million} + (.3)[0]}/1.15 = $913,043 Dietrich’s bondholders will receive $1.5 million if the expansion continues, but only $1.4million if there is a recession [i.e., they take a $100,000 loss].

DDeitrich = { (.70)[$1.5 million] + (.3)[$1.4million]}/1.15 = $1,278,261

The value of Steinberg is: VSteinberg = D + E = $2,800,000

The value of Deitrich is: VDeitrich = D + E = $834,783 + $695,652 = $2,191,304

Agreed

8 0
3 years ago
Someone help me on some marketing questions
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I think it would be generic brand
7 0
3 years ago
Dermot just learned that his company is closing, and all the employees will be laid off. He is distraught and anxious about how
77julia77 [94]

Answer:

b

Explanation:

because you want the employer to know that you learned from your last job

8 0
3 years ago
Alan runs a small manufacturing business. One day, a subordinate informed Alan about a problem in the production process because
Anton [14]
D. Resourcefulness; if you can pick more than one than also chose A. Confidence.
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Read 2 more answers
An analysis of the accounts of Roberts Company reveals the following manufacturing cost data for the month ended June 30, 2017 I
SSSSS [86.1K]

Answer:

<u>cost of goods manufactured schedule</u>

Raw Materials ($9,180 + $55,020 - $17,480)          $46,720

Direct Labor                                                               $51,740

Manufacturing overheads :

indirect labor                                                               $6,510

factory insurance                                                       $4,700

machinery depreciation                                            $4,380

machinery repairs                                                       $1,990

factory utilities                                                            $3,740

miscellaneous factory costs                                       $1,980

Add Opening Work In Process                                 $5,670

Less Closing Work In Process                                  ($7,610)

Cost of goods manufactured                                 $119,800

Explanation:

Cost of goods manufactured schedule shows a summary of results (cost) obtained  from manufacturing activity during the production period.

7 0
2 years ago
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