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Questions and Answers of
Financial And Management Accounting
Mid Range, Inc., is considering entering the potato chips market with its new product, Tasty Chips, which in taste tests has beaten the competition available in the U.S. The potato chip market is a
Describe the five basic components of ISCM and how they respond to a shift between a responsiveness and an efficiency focus in the firm.
What are some of the reasons value migrates in an industry value chain?
Absorbent Paper Towels is a producer of paper towels that are sold through three channels: direct to large grocery chains; through wholesalers to small convenience stores; and direct to large
You are given the following information about Huston, Inc. Based on the numbers given, in your opinion, is the company following a responsiveness or efficiency strategy? Use the industry norm as an
What are the four value chain migration patterns and what does it mean to say value migrates within the value chain?
Touhy Tires makes a broad range of tires for the automotive and truck markets. It sells its products directly to the original equipment manufacturers (OEMs; like Ford Motors), to wholesalers for
You are given the following information about Tele Corp. Based on the numbers given, in your opinion, is the company following a responsiveness or efficiency strategy? Use the industry norm as an
Identify the six elements of a company’s channel costs.
Standish, Inc., serves the following three channels with its products. It only collects a limited amount of data on these channels, but wants you to calculate its profitability given what is known.
Sydney’s Pizza is a national brand that sells frozen pizzas in grocery stores and convenience stores. Last year, it sold 2,000,000 pizzas at an average price of $6.25. The income statement and
High Five Industries serves the following three channels with its products. It only collects a limited amount of data on these channels, but wants you to calculate its profitability given what is
What are the components of a firm’s economic structure?
Angie’s Pies is a producer of a wide variety of pies that sell in the Midwest in grocery stores and convenience stores. Each pie retails for $8.79. Angie’s sold 1 million pies in the last year.
What are the five basic financial tools we can use to analyze performance of a value chain?
Italian Favorites is the producer of an entire line of canned tomato products. It sells in two segments: retail grocery chains in a 28-ounce can, and a wholesale segment that sells #10 cans of
NuCastle Industries gives you the following information from its last year of performance.REQUIRED:a. Calculate profit margin, asset intensity, and leverage for Nu Castle Industries.b. Calculate the
Define the three different types of cost drivers and give examples of each.
Yankee Spices is a medium- sized manufacturer of a wide variety of spices sold into two main segments of the market : direct to grocery store chains and to restaurants through a wholesaler network.
Falsta, Inc., gives you the following information from its last year of performance.REQUIRED:a. Calculate profit margin, asset intensity, and leverage for Falsta, Inc.b. Calculate the return on
Describe the three key steps that make up SCM analyses.
Brighton Papers is a producer of a variety of papers. One of its biggest markets is for plain white 8½ x 11 paper used in printers and copiers. It sells the paper in cases of 10 reams of 500 sheets.
What is the key difference between a divergent and a convergent value chain?
Anskar Industries makes computer modems that are used in a broad range of channels. Its three largest customer segments are large businesses, small businesses, and retail stores. The costs and
Fancy Clip is a producer of hair clips and related types of hair accessories. Its value chain partners and information as it relates to the hair clips market is contained in the following
Simpson Enterprises provides computer maintenance services to a broad range of customers, from local schools to small businesses to residential customers. It obtains the following information about
Describe the key differences between SCM and ISCM.
Novelty, Inc., makes several lines of customized novelty items, including T-shirts and sweatshirts that are made in two facilities. One facility makes the large runs of T-shirts and sweatshirts
You will be using the Database Problem 14.2 Template and the same contribution margin worksheets (New Cars Contribution-10 years, Used Cars Contribution-10 Years, and Repairs Contribution 10 years)
Good Grains is a producer of breakfast cereals. There are 2.8 billion boxes of breakfast cereal sold each year in the United States at an average retail price of $3 per box. The company is trying to
Smith Industries produces bicycle tires. It has just been approached by a major producer of bicycles to have a new type of tire produced that would be branded by the customer, who would sole source
What are the five forces in a market and how do they affect how a firm competes in the marketplace?
TruGreen Products is looking at developing a new product: plastic pill bottles for use by pharmacies. There is a huge market for both custom and generic- topped bottles. TruGreen estimates it could
In this exercise, you are going to calculate the following ratios for the three segments of Prestige Auto’s business—New Cars, Used Cars, and Service—on the DB Problem 14.1 Template:Net profit
Still Waters, Inc., is a producer of plastic bottles for various beverages. Recently, it was approached by a customer who wanted a quote on a new type of beverage bottle that would be much more
What is an industry value chain?
For each of the following value attributes for a car, the revenue it earned for the company is stated alongside the cost to provide that attribute. For each attribute, determine its leverage or
What is the difference between basic features of a firm’s value proposition and its differentiators? Please give examples of each.
What are some of the variances we can run on customer profitability?
Describe a customer profitability report.
What is customer retention and why is it important to a firm?
What are the three basic traits of an ideal customer?
Fresh Scents makes a variety of candles that it sells to retailers across the Western part of the country. It sells scented candles in a jar and tapers of various colors to one of its major
Identify the four basic types of customers and describe how each affects the costs of a firm trying to serve them.
Susie Goodman’s Products makes several lines of women’s handbags. While it sells to many customers, it has recently become concerned over the performance of one specific customer, Neon Lights.
For each of the following value attributes, the revenue it earned for the company is stated alongside the cost to provide that attribute. For each attribute, determine its leverage or multiplier
What are the three ways a company can earn greater profits from customers?
Lucky Foods produces a variety of dog treats that it sells through three major wholesalers, BJ’s Pet Foods, Anderson Pet Products, and Nielsen, Inc. There has been some debate over the last few
Calculate the following variances for Customer Z of Tom’s Limo Services. Mark each variance as favorable or unfavorable. Remember that if the variance of actual minus budget is negative for
What is value-based customer segmentation? Why is it used?
Safe at Home produces several lines of ant traps for commercial and domestic use. It sells its products to three major wholesalers, which then distribute them to the retail market. Recently new
Calculate the following variances for Customer X of Easy Speed Printing Services. Mark each variance as favorable or unfavorable. Remember that if the variance of actual minus budget is negative for
Describe the economics of the market in terms of what each ring in Figure 13.2 represents.Figure 13.2: The Economics of the Market Proft Non-Value-Added Activities and Cast (Waste) Market forces
Using the following information, determine which customer is more profitable to serve. Calculate both total profit and profit percentage (of revenue) for each customer. Line Item Customer A Customer
Outdoor Life makes three different product lines of outdoor furniture: recliners, chairs, and table sets. The company is known for its distinctive materials, so all three product lines offer the same
What is a customer value proposition?
McGregor Electronics makes wireless handheld telephones and answering machine units for use in the home. It makes two models, a three-phone set with answering machine and a six-phone set with
Using the following information, determine which customer is more profitable to serve. Calculate both total profit and profit percentage (of revenue) for each customer. Line Item Customer A Customer
Define the term “value attribute” and give several examples of them.
In this exercise, you are going to “cut and paste” costs and driver frequencies and then use this information to develop activity-based costs. T he worksheets you will need for this exercise
For the list of activities in the following table, note whether they are value-add (VA), business value-add (BVA), or waste (W). Activity Туре Activity Туре Provide service to customer Ship
Grill masters makes a variety of gas and charcoal grills for customers across the United States. While the grills vary in a number of ways, the primary differences are features (special functions)
What defines a good customer profitability analysis vs. a bad one?
In this exercise, you are going to take the answers you derived for DB 13.2 and use this information to cost out the work done for individual customers during the year. You will need the following
Sub- tropics makes a variety of clothing for use in very hot climates. Its special fabrics wick moisture away from the body of the wearer, without becoming sodden because it has rapid-drying
For the list of activities in the following table, note whether they are value-add (VA), business value-add (BVA), or waste (W). Activity Туре Activity Туpe Fill customer order Take customer
What is the measurement of short-term customer profitability?
Happy Kitchen, Inc., produces several lines of dish towels and pot holders that are sold through department stores, grocery stores, and through wholesalers to smaller kitchen shops throughout the
Sparkle, Inc., makes paper towels that it sells to several different types of customers: wholesale distributors, warehouse stores, and grocery stores. The wholesale distributor requires smaller cases
The following table contains information about several activity-based customer costs and the use of these activities by the firm’s customers.REQUIRED:Using the information provided, please develop
Name some of the costs, outside of producing the product, that customers cause in organizations that serve them.
Bright Forever Flowers is a producer of silk flowers used in all forms of arrangements. It sells its products to retail stores, through a catalog supported by an internet website, and floral shops.
The overarching goal is to calculate and analyze Prestige Auto’s revised departmental budgets in terms of their projected dollars of value- add vs. percentage value-add. The learning objectives are
Chopsticks, Inc., makes chopsticks that are used in Chinese restaurants and in households across the Midwest. It has several different types of customers, including restaurants, department stores,
The following table contains information about several activity-based customer costs and the use of these activities by customers.REQUIRED:Using the information provided, please develop an ABC rate
What are the benefits of decentralization?
A project has the following cash flows:Period 0 Negative $100,000Period 1 Positive $75,000Period 2 Positive $50,000Period 3 Positive $75,000The firm has to pay 8% on its capital funds. What is the
Peterson Industries has three potential projects it could invest in for the coming year. Finances are tight, so it needs to choose the projects with the greatest benefit for the company. The
The overarching goal for this problem is to calculate and evaluate trends in key financial performance metrics including RI and ROE. The learning objectives are to analyze Prestige’s performance on
Arial Production makes movies and music videos. It has three divisions: Filming, Sound, and Editing. Sam Norwell, president and CEO of Arial Production, feels it is best to keep his divisions
What are some of the costs of decentralization?
A project has the following cash flows:Period 0 Negative $75,000Period 1 Positive $50,000Period 2 Positive $25,000Period 3 Positive $30,000The firm has to pay 9% on its capital funds. What is the
Randall Associates has three potential projects it could invest in for the coming year. Finances are tight, so the company needs to choose the projects with the greatest return for the company. The
The overarching goal of this problem is to calculate the amount of SG&A overhead charged to each of Prestige’s three business segments using direct vs. sequential allocation, then evaluate the
Manson’s Pay roll Service consists of two primary divisions—Pay roll Services and Tax Services.The pay roll services division does very well, earning on average 18% ROI. Tax services, in the
For the following list of measurements, determine whether they take a strategic perspective (S), a core strategies perspective (C), critical success factors (F), or the key performance indicators (K)
Cold Springs has four subunits: Filtering, Bottle Production, Bottling, and Distribution. They are run as independent units and can actually buy their inputs or sell their output either to the next
What are the various types of responsibility centers found commonly in organizations and what are they held accountable for?
For the following list of measurements, determine whether they take a strategic perspective (S), a core strategies perspective (C), critical success factors (F), or the key performance indicators (K)
The bottle production department of Cold Springs has decided it would like to renegotiate its transfer price to Bottling now that it sees what advantages can be gained. Current transfer prices,
What is the controllability criterion?
Helter-Skelter makes various games. Its financial structure is made up of the following:Long- term bonds—8% returns, 40%Short- term bonds—6% returns, 20%Capital stock—7% returns, 40%What is the
Ajax Manufacturing has two support centers, Engineering and Accounting, and two production centers, Cutting and Milling. The overhead costs for the coming year for the four departments, and their
How would you define responsibility accounting?
Best Met makes baseball mitts. Its financial structure is made up of the following:Long- term bonds—10% returns, 30%Preferred stock—8% returns, 25%Capital stock—9% returns, 45%What is the
Sunrise Development makes various types of modular homes for the housing market. The company has two support departments, Personnel and Finance, and two producing departments: Cutting and Assembly.
Please identify and define the three planning cycles that take place in most major corporations.
Sun wise Distributors has recently been very busy in its fruit juice bottling division. It has needed to borrow four employees from Packaging at a cost of $35,000 per employee with 30% benefits. It
Parlance, Inc., has three divisions that it is trying to evaluate to determine which division should get the largest share of the capital available for new projects for the coming year. Sam Peabody,
What is a strategic business unit and how does it function in an organization?
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