Reference no: EM131198179
Jay Maxey retired a few years ago at age 48, courtesy of the numerous stock options he had been granted while president of e-shops.com, an Internet start-up company. He soon moved to Montana to follow his dream of living in the mountains and Big-Sky country. Maxey, always the entrepreneur, began a sport- ing goods store shortly after relocating. The single store soon grew to a chain of four outlets throughout the sparsely populated state. As Maxey put it, "I can't believe how fast we've expanded. It's basically uncontrolled growth-growth that has occurred in spite of what we've done."
Although business has been profitable, the chain did have its share of problems. Store traffic was somewhat seasonal, with a slowdown occurring as winter approached. Maxey therefore added ski equip- ment and accessories to his product line. The need to finance required inventories, which seemed to be bulging, left cash balances at very low levels, occasionally giving rise to short-term bank loans.
Part of Maxey's operation focused on canoe building and white-water rafting trips. Reports from the company's financial accounting system seemed to indicate that these operations were losing money because of increasing costs, although Maxey could not be sure. "The traditional income statement is not too useful in assessing the problem," he noted. "Also, my gut feeling is that we are not dealing with the best suppliers in terms of quality of goods, delivery reliability, and prices." Additional complications were caused by an increasingly competitive marketplace, with many former customers now buying mer- chandise and booking river excursions via the Internet, through catalogs received in the mail, or through businesses that advertised heavily in outdoor magazines.
Maxey's background is marketing, and he appeared somewhat puzzled on how to proceed. The company's chief financial officer (CFO) would be an obvious asset in terms of addressing these prob- lems. Unfortunately, she knew her numbers but lacked key knowledge of general business operations. The same could be said for other executives who managed somewhat in "silos," becoming experts in a narrow facet of the company but, in general, lacking a big-picture outlook for the firm.
Required:
1. As a group, discuss how the CFO and managerial accounting could assist Maxey in addressing the company's problems.
2. Would a cross-functional team be useful here? Briefly discuss.
3. Many resources in the sporting-goods company would present significant capacity issues. List three such resources and describe their capacity issues in light of the company's operations.
Fee for service versus managed care models
: Discuss how Fee for Service versus Managed Care Models of Reimbursement Have Contributed Risk Avoidance in their Contract Negotiations
|
Discuss the fears you have about aging
: What strategies would you recommend to mitigate the negative aspects of aging? What have you learned from this assignment and the text about the positive aspects of aging?
|
Problem regarding the consumer preferences
: Suppose a consumer's preferences can be represented by the utility function U(X,Y) = Min (2X,Y). Also, suppose the consumer has $300 to spend and the price of Good X is PX = $3 and the price of Good Y is PY = $1.
|
Calculate the maximum steady-state torque
: Sketch the torque versus rotor angle response if a torque slightly larger than this maximum value is suddenly applied to the unloaded machine when connected to an infinite bus.
|
Would a cross functional team be useful
: As a group, discuss how the CFO and managerial accounting could assist Maxey in addressing the company's problems.- Would a cross-functional team be useful here? Briefly discuss.
|
Determinng the karl marx contributions to sociology
: What do you make of Karl Marx's contributions to sociology? What perceptions of Marx have you been exposed to in your society, and how do those perceptions influence your views?
|
Discuss who you will administer this survey to and why
: Choose a topic of interest that you would want to research through a survey design. Define a research question for this topic. Create a sample survey of five items to research this topic.
|
Can the irs collect from francis
: The IRS has filed against Francis for $150,000 of her mother's taxes, as Francis is in possession of the only valuable asset Beatrice has owned. - Can the IRS collect from Francis?
|
To which court can the verdict from state trial be appealed
: To which court can the verdict from a state trial be appealed? (Use your state as an example.) To which court can the verdict from a federal trial court be appealed? (Again, use your state as an example.)
|