entering a work force. Both Avery from The Flick and Dwight from The Office season 3 episode 2‚ “The Travelling Salesman‚” encounter very similar situations at work‚ however‚ it is through very different perspectives that we see how the two handle the situation differently‚ as well as‚ how they move on afterward‚ proving that a certain
Premium English-language films Sociology Energy
Freemark Abbey Winery 1. Assuming Mr. Jaeger chooses to harvest the Riesling grapes before the storm arrives‚ how much money will he make? Harvesting before the storm arrives will bring $2.85 per bottle per case of revenue for the Riesling product. EMV = $2.85 c 12‚000 = $34‚200 2. Assuming Mr. Jaeger chooses to leave the grapes on the vine‚ what is the probability that the grapes will end up with botrytis‚ and how much money will he make if that occurs? EMV Botrytis = 12‚000 x .70
Premium Wine Chardonnay Viticulture
Case 21 Freemark Abbey Winery Freemark Abbey Winery was established by the members of partnership. William Jaeger is one of the member own the company. It is located in St. Helena‚ California in the northern Napa Valley where the winery can produce the best grape quality. Each year Freemark Abbey can produce 25‚000 cases of wine bottled and there is 1000 cases of Riesling. (12 bottles of wine in each case) Jaeger needs to make a decision to maximize the profit and minimize the loss depending
Premium Wine Profit maximization Harvest
ratios for Avery Products‚ Inc.‚ for each year and ratio suggested in the case’s industry averages. Analyze the trends for each ratio. 2. What strengths and weaknesses are revealed by the ratio analysis? • Quick Ratio: The ratio is declining which reflects higher liabilities and cash flow problems of the company • Current Ratio: The ratio is declining which means that Avery is having problems with liquidity. • Inventory Turnover: The ratio is increasing which shows that Avery has liquidity
Premium Financial ratio Investment Generally Accepted Accounting Principles
Written Analysis and Communication Individual Assignment No 1 Case Analysis Report on ‘Freemark Abbey Winery’ Submitted by Name : Jyot N Patel Roll No : 121127 Section : A Institute of Management‚ Nirma University July 12‚ 2012 Executive Summary: This report encircles the problem faced by William Jaeger‚ co-owner of Freemark Abbey Winery. The firm produces premium quality wines made from high quality grapes. To produce quality grapes
Premium Wine Fermentation
In the first episode of 10 part documentary series Making a Murderer‚ Steven Avery‚ who was the victim of brutal beating and sexual assault‚ is freed after 18 years from a wrongful assurance.According to sociologist C. Wright Mills‚ personal problems may result in social issues. The same concept of Wright Mills come up true in the real life story of Steven Avery who was suffered from mental stress and depression because of the people in the community. People viewed him as troublemaker by considering
Premium Crime Capital punishment Murder
James Avery Craftsman‚ also known as just James Avery‚ is known for its fine jewelry using precious metals and beautiful stones in its own‚ unique design. In fact‚ they refer to themselves as “a family owned company offering finely crafted jewelry designs in sterling silver‚ 14k and 18k yellow and white gold‚ and gemstones for women and men.” (JamesAvery.com) They are also best known for their beautiful silver charms and charm bracelets. Coming from humble beginnings‚ James Avery has slowly become
Premium World War II The Walt Disney Company Walt Disney
Dear Mr. Jaeger‚ (Word Count – 238) Re: The decision to harvest now or wait After a through analysis‚ my view is that the best course of action is to wait to harvest. While making this decision‚ I have taken into account some of the probabilities that you have considered. If you were to harvest now‚ the total outcome from the sale would be $34‚200. If you wait‚ there is 50 % chance of rain. If it rains and botrytis mold is developed‚ the outcome will be $67‚200. This better product may improve
Premium Decision theory Decision tree Risk
Freemark Abbey Winery Group ZZZ 1. Construct the decision tree for William Jaeger. 2. What should he do? Jaeger should choose to harvest later and wait for the storm. If the storm does come but destroys the grapes‚ he can decide whether to bottle wine or not to protect winery’s reputation. In either way‚ he will gain higher revenues from harvesting later than harvesting immediately: EV of “Do not harvest & Bottling”: $39240 EV of “Do not harvest & Not bottling”: $39240-$12000*0.6*0.5=$35640
Premium Wine Decision theory Decision tree
two options for Mr. Jaeger. Option 1 is to harvest immediately. If Mr. Jaeger does decide to harvest immediately‚ his per bottle revenue will come out to $2.85 wholesale. With 12‚000 bottles sold‚ Mr. Jaeger will generate a revenue of $34‚200 to Freemark Abbey Winery. Option 2‚ is much more
Premium Wine Probability theory Tropical cyclone