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3 years ago

CASE STUDY: MCNULTY’S MUSCULAR MATERIALS (MMM)

Business

1 answer:

denis-greek [22]3 years ago

7 0

Answer:

1 - The problem here is that the existing supplier is not able to supply the required material due to supply constraints. In this condition, there are two options available to the Clayton, as follows

a) End relations with Sarah and look for other suppliers. Search for other supplier who can supply material within the desired duration. This can be done through the process of competitive bidding

b) Continue relationship with the existing supplier and search for other suppliers for serving the immediate demand of the fabric.

2- The trade-off for each decision are as follows:

Option 1

a) More options to chose suppliers

b) Potential of choosing a low cost supplier for long term relationships

However, it is a time consuming process and will affect the existing relationship with the current fabric supplier. New supplier carries more risk in comparison to existing suppliers.

Option 2

a) it will maintain the relationship with existing supplier of fabric, as well as fulfill the current demand

b) Work will run smoothly and will strengthen long term relationship with the existing supplier.

However, managing two suppliers will be difficult and time consuming. Since, the quantity will get divided, there will be lesser quantity discounts.

3 - Clayton first ask to Sarah that some other supplier like her that he can found in a day or two, Supply of fabric is essential to complete the order in over the month. He must have to get outside and find another supplier of fabric until Sarah can find fo him.

4 - This case give us a lesson to have adequate supply and to have some optional reliable source to depend on that they could satisfy the urgent need of the raw material and also in-house production that could indeed reduce reliability over the supplier which can be risky in some situation like this.

Explanation:

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You currently have $3,400 in an investment account that returns 11% per year. How long will you have to wait until you can make

posledela

Answer:

1) 3.7 years

2) $2,448.89

Explanation:

1. Amount in bank = $3,400

Return, r = 11% = 0.11

Future value = $5,000

Now,

Future value = Principle × ( 1 + r )ⁿ

here,

n is the time

$5,000 = $3,400 × ( 1 + 0.11 )ⁿ

1.4706 = 1.11ⁿ

taking log both sides

log(1.4706) = log(1.11ⁿ)

also,

log(aᵇ) = b × log(a)

Thus,

log(1.4706) = n × log(1.11)

0.1675 = n × 0.0453

n = 3.69 ≈ 3.7 years

2) Amount to repay = $3,000

Interest = 7% = 0.07

Time, n = 3 years

Now,

Future value = Principle × ( 1 + r )ⁿ

$3,000 = Principle × ( 1 + 0.07 )³

$3,000 = Principle × 1.225043

Principle = $2,448.89

Hence,

Amount to be set aside = $2,448.89

3 0

3 years ago

Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $198,000 of raw materials on credit

saveliy_v [14]

Answer: C. Debit Work in Process Inventory $110.000, debit Factory Overhead $40,000, credit Factory Wages payable $150,000

Explanation:

Minstrel incurred a factory payroll of $150,000 and $40,000 was indirect.

This $40,000 indirect payroll cost will be treated as Factory overhead and will be debited.

The remaining $110,000 is direct labor costs and it will be apportioned to inventory therefore it will be debited to the Work in Process account.

The total figure of $150,000 represents the amount that the company owes its factory staff so it will be credited to factory overhead to recognize it as a liability.

4 0

3 years ago

The b2b market includes:____.

Nikolay [14]

Manufacturers and governmental organizations are included in the b2b market.

<h3>What does "B2B marketing" mean?</h3>

Marketing to businesses: Business-to-business marketing, as its name suggests, refers to the promotion of goods and services to other corporations and enterprises. It differs significantly from B2C marketing, which is focused on customers, in a number of important ways.

It refers to any marketing tactic or piece of material used by one company to promote to and sell to another company. For instance, B2B marketing is frequently used by businesses that sell goods, services, or SaaS to other businesses or organizations. The LinkedIn B2B brand strategy for Monday.com is a fantastic illustration of B2B marketing.

Business-to-business marketing is referred to as B2B marketing. In contrast to B2C (business-to-consumer) marketing, this type of advertising involves the producer generating demand among other companies and organizations. B2B marketers target groups of customers at ideal accounts rather than single consumers.

To learn more about b2b market, refer to:

brainly.com/question/27247468

#SPJ4

3 0

2 years ago

1) Do you think there is/are any action(s) by Jessops Group Limited, that can be considered as a Corporate Social Responsibility

irina [24]

Answer:

Explanation:

Yes, Jessops is fulfilling its corporate social responsibility due to its contribution to the local councils for developing the collection facilities of discarded electronic goods and also by raising awareness for WEEE regulations, setting up plants to recycle used batteries can also be counted as a corporate social responsibility as it is an initiative to reduce environmental pollution caused by batteries.

There are four types of corporate social responsibility: Environment conservation, philanthropy, volunteerism, diversity and labor practices. Many corporations give money for preservation of wildlife and land, and take up environmental clean up efforts.

CSR helps the companies in many ways. It includes brand recognition and business reputation, it gives competitive edge to a company as companies prefer suppliers with responsible policies. It enhances customer loyalty and increases sales, it saves operational cost by reducing emissions and waste.

The CSR efforts helps the companies to attract talent and retain them as employees are motivated to work with companies taking up CSR initiatives.

CSR efforts also improves relations with the authorities and makes it easy to get financial access.

So, Jessop group will also get all these benefits from its CSR initiatives that will help it to become market leader in imaging industry.

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3 years ago

Compare and contrast the product vs. process layouts. What are the advantages & disadvantages? List examples of products tha

Contact [7]

Answer:

Explained below.

Explanation:

With a product layout, equipment breakdown has serious implications because the separate pieces of equipment are closely tied together. If one piece of equipment fails, the line will quickly come to a halt. Consequently, preventive maintenance to reduce the failure rate is advisable. In contrast, a process layout often contains duplicative equipment so that if one particular piece of equipment fails, the work can usually be shifted to another piece of equipment. Consequently, there is less need for preventive maintenance and less need for repair of equipment when it does break down. Moreover, process layouts utilize more skilled workers who tend to take better care of the equipment than the lower-skilled workers do in a product layout system.

* The main advantages regarding the product layouts include:

a. A potentially huge rate of output.

b. Lowering unit costs.

c. Low training costs and a broad span of supervision due to specialization.

d. The low unit price concerning material administration.

e. High utilization of labor and tools.

f. Routing as well scheduling are being built into the design.

g. Accounting, purchasing, including inventory control are routine.

* The main disadvantages regarding the product layouts include:

a. Specialization can lead to dull, repetitive jobs with little opportunity for personal satisfaction or creativity.

b. Workers may have little interest in maintaining equipment or in the quality of output.

c. The system is not particularly adaptable to changes in process design or changes in the volume of output.

d. The system is highly susceptible to shutdowns caused by equipment failure or excessive absenteeism.

e. Preventive maintenance costs and the capacity for quick repairs are necessary to ensure high utilization.

f. Incentive plans tied to individual output are impractical.

* The main advantages regarding the process layouts are:

a. They can manage a variety of processing requirements.

b. They are less vulnerable to equipment failures than product layouts are.

c. The general-purpose tools used often are less costly than the specialized equipment used in product layouts. It is also usually easier and less costly to manage and repair.

d. Specific stimulation systems are possible.

* The main disadvantages regarding the process layouts are:

a. Work-in-process inventory costs can be high (in manufacturing).

b. Routing and scheduling must be done for each new job.

c. Equipment utilization valuations are habitually low.

d. Material handling is slower, less efficient, and more costly per unit than is the case in a product layout.

* Example of product layout includes self-service cafes, car assembly as well as car valeting.

* Example of process layout are milling, drilling, grinding, hydraulic presses, as well as lathes)

7 0

3 years ago