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3 years ago

What capability would an organization have to have to not need forecasts?

2 answers:

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An organization have to have business research, data collection and data interpretation capabilities.
Research on historical data and forecasts of a similar company and forecasts of the product market or the industry where in the expected sales or demand of the same product is provided and the previous sales of the product is provided would be useful.

S_A_V [24]3 years ago

6 0

Answer:

Business research and Data collection and interpretation.

Explanation:

Forecasts are the approximate prediction of how the market in general or of a certain product will behave and this is used to be able to produce, invest or spend accordingly to this predictions, an organizations that does not need this kind of services is because they have experts within their organizations so they need business research and data collection and interpretation o their own.

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under what circumstances should a company's management team give serious consideration to making an offer to supply private labe

SCORPION-xisa [38]

Answer:

This question is incomplete and incorrect in some parts, here is the full one:

Under what circumstances should a company's management team give serious consideration to making price offers to supply private-label footwear to chain retailers in one or more regions?

a) When the benchmarking data at the bottom of p. 7 of the latest FIR indicates that all sellers of private label footwear in that geographic region had a margin over direct costs of more than $2.50 per pair of private-label footwear sold to chain retailers

b) When chain retailers want to purchase private-label footwear with an S/Q rating that is 2- stars or more below last year's industry average for branded footwear

c) When the data in the latest Competitive Intelligence Report indicates that all of the winning bidders for P-L contracts sold more than 500,000 pairs of P-L shoes

d) When company managers conclude that the company has more than enough production capacity to produce the needed pairs of branded footwear and, based on their projections, determine that the company's profitability can be enhanced by making price offers to chain retailers and winning contracts to supply them with private-label footwear

e) When the company's market share for branded footwear in a geographic region is below the industry average and all the sellers of private-label footwear in the prior year made money on their private-label contracts

The answer is d)

Explanation:

A common misconception when it comes to manufacturing private-label goods is related to the lack of lucrativeness. Some may ask: Why should I manufacture goods for a retailer when I can sell them under my own brand?

The truth is - most companies (given their production management is efficient) have excess production capacity. That means that for a particular period, they are able to manufacture goods with a low, competitive cost per unit. Only when the production capacity is fully used, the production is optimal.

However, since most companies have a precisely defined budget for marketing, branding, packaging, distribution and logistics, sometimes it is very profitable to allocate some production capacity aimed just for products for a private-label.

This way, the costs related to marketing, branding, etc. will be transferred on to the retailer, while we reach our full production capacity in a particular geographical area of operating.

3 0

3 years ago

Plantwide Overhead Rate, Activity-Based Costing, Job Costs

lisov135 [29]

Answer:

Foto-FAst Copy Shop

1. Predetermined overhead rate = $4 per direct labor hour

2. Predetermined overhead rate = $11 per direct labor hour

3. Total job cost (Rick Anselm):

May 20 = $26.00

June 20 = $30.00

4. The two overhead rates:

a. $26.40 per machine hour

b. $3.71 per direct labor hour

Explanation:

a) Data and Calculations:

Average overhead per year prior to the purchase of the new equipment = $30,400

Average overhead per year after the installation of new equipment = $83,600

Budgeted direct labor hours for the year = 7,600

Wage rate = $9 per hour

1. Predetermined overhead rate prior to the purchase of the new equipment

= $4 ($30,400/7,600)

2. Predetermined overhead rate after the new equipment was purchased

= $11 ($83,600/7,600)

3. Cost of Rick Anselm's job on May 20:

Materials ($0.03 * 600) $18.00

Labor ($9 * 36/60) 5.40

Overhead applied 2.40 ($4 * 36/60)

Total cost of job = $25.80 = $26

Cost of Rick Anselm's job on June 20:

Materials ($0.03 * 600) $18.00

Labor ($9 * 36/60) 5.40

Overhead applied 6.60 ($11 * 36/60)

Total cost of job = $30.00

4. Overhead Rates Photocopying Computer Printing Total

Overhead cost $55,440 $28,160 $83,600

Machine hours 2,100

Direct labor hours 7,600

Overhead rates $26.40 $3.71

7 0

3 years ago

Gord Larose and his friend David Allan worked in Ottawa at Nortel Networks, a giant telecommunications-equipment maker. One Frid

butalik [34]

Answer:

intrapreneurs

Explanation:

An intrapreneur is an employee who is tasked with developing an innovative idea or project within a company.

An intrapreneur works inside a company to develop an innovative idea or project that will enhance the company's future.

The intrapreneur is generally given autonomy to work on a project that may have a considerable impact on the company. Over time, an intrapreneur may turn into an entrepreneur.

5 0

3 years ago

PROBLEMThe PQ partnership has the following plan for the distribution of partnership net income (loss):P QSalaries $60,000 $100,

Yanka [14]

Answer:

1. P = $156,560; Q = $203,440

2. P = $90,320; Q = 149,680

3. P = -$43,500; Q = $3,500

Explanation:

The explanation is given in images for each situation:

3 0

3 years ago

Two ways in which young entrepreneurs can benefit from the National Youth Development Agency

IgorLugansk [536]

South Africa's National Youth Development Agency has launched the Ithubalentsha Micro Enterprise Programme, which will provide young aspirant and established entrepreneurs with training, mentorship, micro-enterprise finance, market linkages and access to business opportunities.

4 0

3 years ago