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MoviesPlus, Inc. is in its third year of business. The company offers DVD rental to online customers for a fixed monthly fee. For $20 per month, a customer receives three DVDs each month, one at a time as the previous one is returned. No matter how many DVDs a customer uses (up to three), the fee is fixed at $20 per month. Customers sign a contract for a year, so MoviesPlus recognizes sales revenue of $240 each time a customer signs up for the service. The owner of MoviesPlus, Bob Colbert, has heard about GAAP, but he does not see any reason to follow these accounting principles. Although MoviesPlus is not publicly traded, Bob does put the company’s financial statements on the company’s Web page for customers to see. Explain how MoviesPlus would account for its revenue if it did follow GAAP. Explain to Bob Colbert why he should use GAAP, and describe why his financial statements may now be misleading. Do you see this as an ethical issue? Explain.
The home goods department of a large department store sells 175 units per month of a certain large bath towel. The unit cost of a towel to the store is $2.50 and the cost of placing an order is estimated to be $12.00.
What situations are appropriate to model using simulation? What characteristics should a model have for simulation to be used?
This solution offers the student with a brief overview of most important thing you could learn from operations management (as well as an example). It's approximately 230 words and one reference is included.
Which process offers the lowest cost to produce 40,000 units? What is that cost?
Boreki Enterprise has the following 1 0 items in inventory. Theodore Boreki asks you, a recent OM graduate, to divide these items into ABC classifications.
A firm pursuing a strategy based on customization and variety will tend to structure and manage its supply chain to accommodate more _____________ than a firm pursuing a strategy based on low-cost and high-volume.
Provide an example of a leadership style that may be difficult for implementing organizational change.
Bob enjoys his management professor. She hands out vague assignments and encourages him to be creative and to look at things a different way. Which best descrive Bob'a tolerance?
Why and how are the following an integral part of the strategic management of an organization, i.e. strategic planning, strategic execution, and strategic control? Discuss each fully and separately. Be specific.
suppose an operation has excess capacity (i.e., it is not a bottleneck) however the setup time between batches is not insignificant. Should process batches be large or small? What determines the size of a process batch?
Apply the concept of life cycle to an organization with which you are familiar, such as a local business. What stage is the organization in now? How did the organization handle or pass through its life cycle crises?
The Steak and Chop Butcher Shop purchases steak from a local meatpacking house. The meat is purchased on Monday at $2.00 per pound, and the shop sells the steak for $3.00 per pound. Any steak left over at the end of the week is sold to a local zoo..
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