one-time-only special order for a product similar to one offered to regular customers. The following per unit data apply for sales to regular customers: Direct materials $455 Direct labor 300 Variable manufacturing support 45 Fixed manufacturing support 100 Total manufacturing costs 900 Markup (60%) 540 Targeted selling price $1440 Grant’s Kitchens has excess capacity. Ms. Wang wants the cabinets in cherry rather than oak‚ so direct material costs will increase by $30 per unit
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Mini Case Study Can GE Remake Itself as a Digital Firm? General Electric (GE) is the world ’s largest diversified manufacturer. Fortune named GE "America ’s Most Admired Company" in 1998‚ 1999‚ and 2000. Jack Welch‚ GE ’s CEO and Chairman since 1981‚ is often cited as the most admired CEO in the United States. Headquartered in Fairfield‚ Connecticut‚ the company consists of 20 units‚ including Appliances‚ Broadcasting (NBC)‚ Capital‚ Medical Systems‚ and Transportation Systems. With the acquisition
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SACE Stage 2 Physics Electric Fields 1 Solution 1. (a) State Coulomb’s Law. Any two point charges have acting on them equal sized oppositely directed forces acting along the line joining their centres. The magnitude of these equal sized forces is directly proportional to the product of the charges and inversely proportional to the square of their distance apart. The forces are attractive for unlike charges and repulsive for like charges. [pic]. e.g.
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74 CREATIVITY AND INNOVATION MANAGEMENT Case Study: Jack Welch’s Creative Revolutionary Transformation of General Electric and the Thermidorean Reaction (1981–2004) Pier A. Abetti This case study draws a parallel between the French Revolution and the GE ‘revolution’‚ according to three waves of transformation. We discuss the ‘hard’ effects on GE employees (strategy‚ structure‚ employment‚ rewards) and the ‘soft’ effects (culture‚ work climate‚ indoctrination). In parallel with the French
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functions above will lead towards the inventory management. As the inventory management is considered as one of the most valuable assets of an organization‚ an efficient inventory management systems are needed to manage it. Below are the purpose of inventory management: The many changes in the market demand ‚ new opportunities due to worldwide marketing ‚ global sourcing of materials and new manufacturing technology means many companies need to change their Inventory Management approach and change
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Corporate Compliance Plan for Riordan Manufacturing University of Phoenix Riordan Manufacturing is a profitable plastics manufacturer with annual earnings of $46 million. The company is wholly owned by Riordan Industries‚ a Fortune 1000 company with revenues over $1 billion. The following are some of the products produced by Riordan Industries: plastic bottles‚ fans‚ heart valves‚ medial stents‚ and custom plastic parts (Virtual Organization‚ 2009). This compliance plan will state the company’s
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Poole is the owner of Tri-Plan Electronics. One day‚ he wakes up in a hospital to find out that he lost his hand during a squib accident. What is worse is that he is told by the doctors that he is a human-appearing organic robot‚ something called an Electric Ant. Then he learns from a futuristic computer that his subjective reality is being fed from micro-punched reality tape in his chest cavity. He conducts experiments on himself‚ first by glazing over a couple of holes and then punching new holes to
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for current financial year 21 18. Incentive Scheme 21 MSMEs – UNIQUE FEATURES MSME sector employs about 60.00 million persons spread over 26.1 million enterprises. In terms of value‚ the sector accounts for about 45% of the manufacturing output and around 40% of the total export of the country. The sector contributes 8% to GDP‚ which is expected to raise to level of 10%. Bank’s exposure under MSE sector has shown significant growth during the financial year 2009-10 and 2010-11
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Transport - Inventory - Task 1.1 Itemise some of the inventory held by the following operations: Hotel: Food and beverages‚ bed sheets‚ toiletries‚ cleaning equipment Hospital: Syringes‚ overalls‚ bed sheets Retail Store: Clothing‚ food‚ drinks Task 1.2 Using the above illustration‚ what do you consider to be the aim of the inventory management? Are there any conflicts likely to occur for inventory control? I consider the aim of the inventory management is
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British Journal of Economics‚ Finance and Management Sciences October 2011‚ Vol. 2 (1) 49 Inventory Management in Small Business Finance: Empirical Evidence From Kwara State‚ Nigeria Abdulrasheed ABDULRAHEEM‚ Ph.D Department of Accounting and Finance‚ University of Ilorin Khadijat Adenola YAHAYA‚ Ph.D Department of Accounting and Finance‚ University of Ilorin Sulu Babaita ISIAKA‚ Ph.D Department of Business Administration‚ University of Ilorin Olanrewaju Atanda ALIU‚ Ph.D Department
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