Yes, Row Pottery Works, Inc. should purchase the new Kiln because it would help them in the future. Rowe Pottery Works, Inc. has experienced losses for two and a half years. RPW’s operations are the main source of its losses as stated in the case. Continued losses were still present even thou attempts were made to control costs. The company was also in the process of investing in a new Kiln that had hopes of improving the company. Before that decision was made, I had to calculate numbers in order to witness whether or not purchasing the Kiln would be a good idea. The liquidity of inventories is very important in terms of profitability. I would recommend RPW to invest in the new Kiln because in the long run, it would be beneficial to the company. Future strategies for cost controlling and capital budgeting and management is going to be critical for RPW’s operation considering its insufficient debt capacity. Even though the sales of the company remain strong, the fixed costs are too high. Attempts to reduce the fix costs should be the key to increase company…
These are not presented in scholarly discussion, but are simply the solutions. Student papers are expected to be written in scholarly discussion following APA formatting guidelines incorporating solutions and supported with scholarly research.…
An error was discovered during 2007. Specifically, depreciation expense was understated in 2005 resulting in the need for a Prior Period Adjustment of $25,000 before taxes.…
Joe Koen & Son Jewelers is a jeweler that is located in Austin, Texas. This company started operating in 1883. Their services include engraving, lab reports, laser inscribing, manufacturing/ custom design, pearl/ bead stringing, repair, and more. Joe Koen & Son Jewelers sells diamonds, jewelries, pre-owned Rolex, watch, accessories, and vintage items. For anyone who needs immediate cash, they buy diamonds, gold, silver, platinum, coins, flatware, new or old. Also, they are interested in high end watches like Rolex, Patek, and Cartier.…
Alexander and Thurston, Inc. is a mail sorting equipment company providing high quality service to their customers. The increasing pressure to live up to the service contracts let company start to rethink about their current inventory control strategy from both their distribution center (DC) and facility. The challenge of this company is to reduce their inventory level while maintaining the high fill rate and further improving their service level.…
Jerry's Jewelers is a jewelry store that is located in Rochester, New York. This business has been family owned since 1962. Jerry's Jewelers has been bringing diamonds, designs, and quality repairs for generations. The fashion jewelries they offer include rings, earrings, necklaces, bracelets, and pendants. Jerry's Jewelers has earned a sterling reputation through the years by offering high quality jewelry, professional repairs, and honest value.…
1.) Break-even ticket sales increased from 4533 in 2003, to 4998 in 2004 and 7491 in 2006. Break-even point in Sales Dollars has changed from $7,285 in 2003, to $7,617 in 2004 and $11,634 in 2006. (Table 1) The margin of safety has changed from $1,298 in 2003, to $485 in 2004, and a loss of $923 in 2006. (Table 2) There is a decrease from 2003 to 2006. Fixed cost per month attributed to stores relocation and subsequent renovations caused a decrease from 2003 to 2006. Other factors contributing to the 2003-2006 decrease are as follows: • 1% increase in Cost of Goods Sold (COGS) totaling $81,000 • Decrease in sales of $481,000 • Increase in salaries totaling $60,000 • Increase in miscellaneous expenses of $40,000. (Table 3) 2.) If prices were reduced by 10 percent, Hallstead’s total income would decrease to $1,111. This would change the break-even point for ticket sales to 9,637, and significantly change the overall sales figure to $13,473 (Table 4). 3.) Gretchen’s idea would effectively eliminate sales commissions. This would reduce sales volume by 1,143. This would decrease ticket sales to 8,494 and compromise the break-even. Sales dollars would reduce by $1,598 to $11,875 (Table 4). 4.) Michaela’s suggestion to increase advertising by $200,000 is sound: The increase accounts for 2% of sales and 4% of 2006 sales. Both figures are comparatively low for a retail business. This increase would change the break-even point from 7,491 to 7,790 ticket sales (Table 5). 5.) If fixed costs remained static from 2006 to 2007, average sales ticket would have to increase from $1,553 to $1,690 in order to break-even. (Table 6). List of recommendations for Hallstead Jewelers are as follows: Evaluate the number of sales staff needed and consider reducing the number of FTE’s and/or PTE’s. When reducing staff and/or operating, make sure that the best sales associates are receiving the number of hours they desire and then allocating the remaining…
The firm was considering buying back 625,000 shares of stockoutstanding at $16 per share. This would represent $10 million in total. The funds to purchase the shares would be acquired from a new bond issue that would carry an interest rate of 11.25 percent. The bond would have a 15-year life. The firm was in a 34 percent tax bracket.…
Deirdre & Company is a jeweler that is located in Minneapolis, Minnesota. They have been in the jewelry business for more than 25 years. Deirdre & Company offers jewelries, gift items, special occasion gifts, best seller jewelries, custom logo jewelry and gifts, and more. With no minimums, they create from one to thousands at an affordable…
Princess Jewelry is a jeweler that is located in Lakeville, Minnesota. It has been a family-owned retailer since 1985. Princess Jewelry sells jewelries, engagement rings, wedding bands, and diamonds. The jewelries they supply include fashion rings, necklaces, earrings, and bracelets. Princess Jewelry offers various cuts and shapes of diamonds such as round cut, princess cut, cushion cut, oval cut, pear cut, and other diamond shapes. They pride themselves on quality, design, and service.…
Barry Glasscock was introduced into the jewelry business at a young age working at Frederick Jewelry for his Great Aunt and after college he found an evolving interesting in the world of jewelry. He found a spot in Clinton where he is today, it was originally called Lineberger Jewelry and as the owner was getting ready to retire Barry bought the business from him. Glasscock Jewelry Corner is a high-end jewelry store with two locations. The Clinton location has been in business for more than thirty years opening in 1983 with their Warrensburg location being in business for 10 years. Barry is the owner of Glasscock Jewelry Corner in Clinton and Warrensburg Missouri. Barry Glasscock was interviewed on Tuesday, December 8th, 2015, at 3:25pm. They do not have a mission statement but they thrive on the saying “Quality Comes in a Little Green Box”. Glasscock Jewelry Corner is a corporation and…
usually 3 years or less, at an agreed-upon price. The borrower pays an option fee,…
Evergreene Jewelers is a jeweler that is located in Minnetonka, Minnesota. This business has been in the industry for more than 35 years. Evergreene Jewelers specializes in jewelries, engagement rings, designers, diamonds, and watches. They offer a multitude of services including jewelry cleaning and inspection, jewelry repair, watch repair, appraisals, pearls restringing, engraving, and more. Evergreene Jewelers has the certified appraisers.…
This paper aims to support Natalie York, the operations manager at Harnswell Sewing Machine Company (HSMC), in her intent to improve product quality in the company. In addition to analyzing production process data of half-inch cam rollers and explaining the results, this paper also gives advice on which actions Natalie should take and how she should approach the CEO and founder of her company.…
The Non-Commissioned Officers are the backbone of the United States Marine Corps. This is an punctual statement thats helps show the functioning of the Marine Corps today. NCOs keep order and discipline within the ranks, they are the example for all junior Marines. There is a matter of respect earned when promoted to a rank as such. This is what makes the orders given by an NCO a vital aspect of obedience. As well as regarding your leadership with respect is a fundamental attribute instilled within every Marine in recruit training. Respect in the chain of command provides horizontal cohesion within the section.…