Business and Management
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Top managers of McDonough Products, Inc….
$15.00Top managers of McDonough Products, Inc., have asked for your help in comparing the company s profit performance and financial position with the average for the industry. The accountant has given you the company s income statement and balance sheet and also the following data for the industry. The problem is that McDonough is in dollars and the Industry Average is in percentages. To complete the analysis you will need to convert McDonoughs dollar amounts to percentages.
McDonough Products, Inc.
Income Statement Compared with Industry Average
Year Ended December 31, 2010
McDonough “Industry Average”
Net sales…………………………… $700,000 100.0%
Cost of goods sold……………. 490,000 57.3
Gross profit………………….. 210,000 42.7
Operating expenses ………………… 175,000 29.4
Operating income……………….. 35,000 13.3
Other expenses………………………… 7,000 2.5
Net income ………………………… $28,000 10.8%McDonough Products, Inc.
Balance Sheet Compared with Industry Average
December 31, 2010McDonough “Industry Average”
Current assets……….. $471,200 72.1%
Fixed assets, net ……….. 114,700 19.0
Intangible assets, net …………….. 21,080 4.8
Other assets…………………………… 13,020 4.1
Total …………………………………. 620,000 100.0%Current liabilities ………. 240,560 47.2%
Long-term liabilities ………… 135,160 21.0
Stockholders equity…………….. 244,280 31.8
Total ……………………… $620,000 100.0%Industry Average Current Ratio 1.53
Industry Average Total Debt to Total Assets 0.68
Requirements
- Prepare a common-size income statement and balance sheet for McDonough Products. The first column of each statement should present McDonough Products common-size statement, and the second column should show the industry averages.
- For the profitability analysis, compute McDonough Products (a) ratio of gross profit to net sales (b) ratio of operating income to net sales, and (c) ratio of net income to net sales. Compare these figures with the industry averages. Is McDonough Products profit performance better or worse than the average for the industry?
- For the analysis of financial position, compute McDonough Products (a) Current ratio and (b) Debt ratio. Compare these ratios with the industry averages. Is McDonough Products financial position better or worse than the average for the industry?
MOTIVATIONAL FACTORS ASSOCIATED WITH CAREER SELECTION AND TRANSITION BY MBA STUDENTS
$30.00Final Project Preparation
Research Methods: Course Assignment 2
Research Paper Topic: MOTIVATIONAL FACTORS ASSOCIATED WITH CAREER SELECTION AND TRANSITION BY MBA STUDENTS
Word count: 4,366
Exam: The past, present and future role/purpose of management
$35.00Exam
Directions: Answer all four questions. You are welcome to use any and all course (and outside) materials to answer the questions. As you have throughout this course, please cite all references you use, and include a full reference section at the end of the exam. Format of your responses is open, but single-spaced is preferred.
40-point questions (4-5 paragraph response)
- Describe the past, present and future role/purpose of management.
Sub-questions: Describe the evolution of management. Who/what did/do managers manage? What are the common functions of management today? What do you predict the future of management will look like? What evidence supports your prediction?
- Make an argument regarding the main purpose of organizations.
Sub-questions: What purpose do organizations serve? Do organizations have a responsibility to society? To whom do organizations have a responsibility? Is there value in Corporate Social Responsibility (CSR) for organizations? Why or why not?
25-point questions (2-3 paragraph response)
- How would you recommend that an employee manage/reduce stress? What evidence supports your recommendation?
- Describe one factor in the external environment that affects an organization’s strategy. Explain and illustrate the current trends regarding this factor. What strategic decisions (for example: employee selection, product development, etc.) might this current trend influence? How?
Coca-Cola markets PowerAde as a sports drink that competes with Gatorade…
$5.00Part 1
Coca-Cola markets PowerAde as a sports drink that competes with Gatorade. Competition for sports drinks is fierce where they are sold in the coolers of convenience stores. Coca-Cola is thinking about using a special holder that fits in a standard convenience-store cooler but moves PowerAde to eye level and makes it more conspicuous than Gatorade. Design an experiment that determines whether the special holder increases the sales of PowerAde in convenience stores. Identify and diagram your experiment. Indicate how the experiment is to be conducted and assess the internal ans external validity of your experiment.
Part 2
Read the case (Global Motors) and after this case there are four questions I need you to answer them separately ,,i will attach the case.Additional Files:
The maximum company has invented an extra-strength, instant coffee brand to be called Max-gaff…
$5.00Part 1
The maximum company has invented an extra-strength, instant coffee brand to be called Max-gaff and positioned to be stronger tasting than any competing brands. Design a taste-test experiment that compares Max-gaff to the two leading instant coffee brands to determine which brand consumers consider to taste the strongest. Identify and diagram your experiment. Indicate how the experiment is to be conducted, and assess the internal and external validity of your experiment.
Part 2
Read the case (global motors) and after this case there are three questions I need you to answer them separately ,,i will attach the case.Additional Files:
What Type of Business Would You Start? Part 2
$10.00What Type of Business Would You Start? Part 2
Most of us are familiar with the 1950s images of the American housewife baking cookies, vacuuming, using her washing machine, putting on make-up, etc. So when a woman starts a business using these skills as a basis, it may seem like a natural progression. But what about when a woman chooses to start a construction company, a winery, or a dairy farm? Does this seem natural as well, or does the imagery of a woman in a dump truck or on a tractor make us pause for a moment?
The 2007 Survey of Business Owners (part of the 2007 Economic Census),showed the percentage of woman-owned businesses in each business sector. Take a look at this pie chart and the graphic below (also taken from the 2007 Census). Is it what you expected? What are the most prevalent sectors for woman-owned businesses? (These statistics in the pie chart are slightly limiting since the largest percentage is allotted to “all other industries,” but is still informative about certain career directions.)
So what sectors are considered “non-traditional”? A non-traditional career is defined as one where more than 75% of the workforce is of the opposite gender. For a list of non-traditional careers for both women an men, look at Dr. Randall S. Hanson’s Web site article, “Non-Traditional Career Paths for Men and Women.” For a follow-up article by the same author, read “The Pros and Cons of Non-Traditional Careers: Working in Careers that Defy Gender Stereotypes.” What do you think of the occupations on this list? Would you consider any of these career choices strange or odd for one gender or the other? For the men in this class: What are your feelings about the non-traditional occupations for your gender?
The aircraft industry has, from its inception, been a male-dominated industry. From inventors to pilots to mechanics, the majority, with a few notable exceptions, have been men. In 1932, Olive Ann Beech and her husband Walter founded Beech Aircraft in Wichita, Kansas. Olive became CEO in 1950 and remained in the position until they sold the company in 1980. The company produced a tremendous amount of air crafts throughout World War II and the Korean War. One of their planes, the Beechcraft Bonanza, had the longest production run of any airplane. Olive Beech’s business acumen and knowledge of the industry allowed the company to prosper for decades. For more information about Olive Ann Beech, read this biography.
When Linda Alvarado began her business, Alvarado Construction in the 1970s, women comprised less than 1% of the industry. That percentage has risen since then, but is still very much considered a “non-traditional” sector for women business owners. In that industry, Alvarado Construction has excelled as a major contracting firm. To read a biography about Linda Alvarado, click here.
What obstacles, if any, do you think women (and men) might face in non-traditional careers? Do you think that the barriers to entry are higher than in traditional sectors? Do you think that entrepreneurs in these sectors face prejudices? Or, do you think there might be advantages to owning a business in an industry that has few owners of the same gender?
Let’s take a look at an industry that has been typically “male,” both on the production and consumption end: Beer. Traditionally, beer has been produced by, marketed to, and consumed by men.
But the beer industry as a whole is changing. Craft brews have made a resurgence and now account for 10% of all beer sales. While Budweiser, Miller and Coors continue to dominate the top spots, many more people are turning to smaller brews for their everyday drinking. And the percentage of women drinkers, and producers is rising.
Check out this article to see a few statistics on the Craft Brew industry. The third largest Craft Brewery in America, New Belgium Brewery, was co-founded by Kim Jordan, the current CEO. To learn more about NBB and Kim Jordan, click here. She was the keynote speaker at the Craft Brewers Conference in March, 2013.
New Glarus Brewing is a smaller brewery, located in Wisconsin, that was also co-founded by a woman. To hear the founder, Deb Carey, speak about her business, clickhere. On a web site dedicated to Craft beers, Julia Herz discusses some of the statistics surrounding women and beer and provides some excellent links. Check out her articleand follow some of the links that interest you. Do you think that the industry is shifting, or are these just a few special cases? Can you make the same argument for other industries?
What difference do you think gender makes in choosing what company to open? What entrepreneurial aspirations do you have? Do they fall into the “traditional” or “non-traditional” sectors for your gender? Do you think our ideas of what is “traditional” and “non-traditional” for a certain gender are changing, or are they deeply rooted? I look forward to hearing your thoughts on this topic this week.
Note: Are you familiar with the above poster? The poster depicts “Rosie the Riveter,” a fictional character created in World War II to encourage women to perform jobs that were usually performed by men. During the war, women flew planes, played professional baseball, and took on all types of manufacturing responsibilities while men fought in the war. When the war was over, women were expected to return to the home. Some did, but others pursued similar professions/interests long after the war was over. Just something interesting to ponder this week as you look at non-traditional career paths.
Momenterpreneurship Discussion
$10.00What type of Business Would You Start? Part 1
What roles do you think of as traditionally “female” roles? How about traditionally “male” roles? When you think of certain industries or businesses, do you think that it is more likely to be run by a male or a female entrepreneur? Consider, for examples, a construction company, a cake-decorating business, a cloth-diaper business, and a furniture design firm. Do they evoke images of a “typical” owner? Who would you guess would be more likely to start these businesses.
Throughout history, women have fallen into certain social and societal roles. Although they have changed dramatically in the last century, certain stereotypes still apply. For a look at the historical perspective, read this scholarly article, “The Origins of Gender Roles: Women and the Plough.”
Many women have turned “traditional” roles into extremely successful business ventures. Consider these three women entrepreneurs who have started businesses in the last century. In addition to skills that might be characterized as “homemaker” skills, they also possessed impressive entrepreneurial skills that allowed them to create long-lasting, thriving firms.
In 1937, Margaret Rudkin began experimenting with all-natural whole-wheat bread recipes for her asthmatic son. She began baking bread for other children in the area, and soon began a business out of her farm in Connecticut. Pepperidge Farm was born, and by 1960, the company was producing 1.2 million loaves of bread per week, as well as numerous other products. The NYTimes obituary (1967) for Margaret Rudkin gives a great overview of her entrepreneurial story.
In 1963, Mary Kay Ash invested $5,000 in a formula for beauty cream and started a business based on the “home-party” system. The company started with nine representatives, and today employs 1.6 million representatives worldwide. Read this biography of Mary Kay Ash and see what you think about her accomplishments.
Martha Kostyra Stewart began a catering business in 1976. She used the skills she had learned from her mother (cooking and sewing), father (gardening), grandparents (preserving and canning) and neighbors (baking). In 1981, she published her first book, Martha Stewart’s Entertaining. In 1997, she purchased all of the publishing, broadcasting, merchandise and licensing ventures bearing her name and consolidated them into a new company, Martha Stewart Living Omnimedia. For more information about her career, check out this biography.
What similarities and/or differences do you see between these three entrepreneurs? What skills did they possess that fostered their success? How did they turn their “traditional” skills into multi-million dollar companies?
A common source of inspiration for a large number of entrepreneurs’ business ideas comes from raising their children. Ideas for strollers, diapers, toys, learning activities, dolls, etc. come from parents who realize there is a market need for something they wish existed. For example, Ruth Handler, the creator of the Barbie doll, came up with the idea for an “adult” doll after watching her daughter, Barbara, play with adult paper dolls. (At that point, all children’s dolls resembled babies.) Click here for more information.
In recent years, the term “Mompreneur” has emerged to describe the woman entrepreneur who is concurrently raising children and running a business (usually related to their child in some way). For some definitions of a “Mompreneur,” and some interesting insights, read WiseGeek’s answer to the question, “What is a Mompreneur?.” What do you think of the term, “Mompreneur?” To read about someone who successfully started a business while raising her children, read, “Baby Einstein: Genius Through Imperfection,” also by Aliza Sherman, about Julie Aigner Clark. What are your thoughts on Mompreneurs? Do you think that it is a relevant and appropriate term? Do you think it accurately describes the entrepreneurs it attempts to describe? Do you feel that it is in any way derogatory toward women entrepreneurs that also have families?
This week, discuss how traditionally female roles factor into the entrepreneurial process. Explore the benefits and potential downsides of applying these skillsets to business ventures. Do you think this trend will continue, or do you think women are entering “non-traditional” industries at a greater rate? Is there less of a difference today between how men and women are raised and the skills they are taught? Will that make a difference in the types of business women choose to start? These are all questions to consider as you explore this topic.
Wal-Mart Essay
$5.00“Walmart” for the research paper. Need a one page paper detailing why I chose Walmart, and also detailing “Rosalind Brewer” (The CEO and President, Sam’s Club, Walmart), and a few words about the company’s current situation/issues.
Assuming Pennick agrees with his staff on the choice of Mallory or Watson…
$5.00Part_1
Think of what you may imagine as being an opportunity in the market place?
How would you determine if you should conduct or not conduct a marketing research?
Part_2
1- Assuming Pennick agrees with his staff on the choice of Mallory or Watson, what now is Pennick’s decision in terms of decision alternatives?
2- Assuming Pennick is not confident in his assumptions about the consequences of the outcomes associated with your decision alternative, what should Pennick consider doing?
3- Should Pennick decide to conduct marketing research, write the research objective.
Additional Files:
