Compare and contrast the jury of executive opinion and the Delphi techniques.
> The Coca-Cola Company is organized geographically and defines reportable operating segments as regions of the world. The following information was extracted from Note 19 Operating Segments in the Coca-Cola Company 2014 Annual Report: Required 1. Calcul
> The following information was extracted from quarterly reports for Wal-Mart Stores, Inc. (amounts in millions): The following information was extracted from the notes to the financial statements in the Wal-Mart Stores, Inc., Annual Report (for the fisc
> Caplan Pharma, Inc., recently was sued by a competitor for possible infringement of the competitor’s patent on a top-selling flu vaccine. The plaintiff is suing for damages of $15 million. Caplan’s CFO has discussed the case with legal counsel, who belie
> Nuland International Corporation recently acquired 40 percent of Scott Trading Company and appropriately accounts for this investment under the equity method. Nuland’s corporate controller is in the process of determining the company’s operating segments
> Corcoran Heavy Industries Company (CHIC) is organized into four divisions, each of which operates in a different industry. The types of customer served and the method used to distribute products differ across all four of these industries. In addition, ea
> Many companies make annual reports available on their corporate Internet home page. Annual reports also can be accessed through the SEC’s EDGAR system at www.sec.gov (under Filings, click Company Filings Search, type in Company Name, and under Filing Typ
> Many companies make annual reports available on their corporate Internet home page. Annual reports also can be accessed through the SEC’s EDGAR system at www.sec.gov (under Filings, click Company Filings Search, type in Company Name, and under Filing Typ
> The following information for Dorado Corporation relates to the three-month period ending September 30. Dorado expects to purchase 150,000 units of inventory in the fourth quarter of the current calendar year at a cost of $25 per unit, and to have on h
> On January 1, 2018, Stamford issues 10,000 additional shares of common stock for $25 per share. Neill acquires 8,000 of these shares. How will this transaction affect the parent company’s Additional Paid-In Capital account? a. Has no effect on it. b. Inc
> Cambi Company began operations on January 1, 2016. In the second quarter of 2017, it adopted the FIFO method of inventory valuation. In the past, it used the LIFO method. The company’s interim income statements as originally reported un
> Noventis Corporation prepared the following estimates for the four quarters of the current year: Additional Information ∙ First-quarter administrative costs include the $160,000 annual insurance premium. ∙ Advertisin
> Taft Corporation operates primarily in the United States. However, a few years ago it opened a plant in Spain to produce merchandise to sell there. This foreign operation has been so successful that during the past 24 months the company started a manufac
> Mason Company has prepared consolidated financial statements for the current year and is now gathering information in connection with the following five operating segments it has identified. Determine the reportable segments by performing each applicabl
> Following is financial information describing the six operating segments that make up Fairfield, Inc. (in thousands): Consider the following questions independently. None of the six segments has a primarily financial nature. a. What minimum revenue amo
> Ecru Company has identified five industry segments: plastics, metals, lumber, paper, and finance. It appropriately consolidated each of these segments in producing its annual financial statements. Information describing each segment (in thousands) follow
> Vehicle Corporation is organized into four operating segments. The internal reporting system generated the following segment information: The company incurred additional operating expenses (of a general nature) of $1,200,000. Perform the profit or loss
> Assume the company expects to replace the units of beginning inventory sold in April at a cost of $45 per unit and expects inventory at year-end to be between 2,100 and 2,500 units. What amount of cost of goods sold should be recorded for the quarter end
> Assume the company does not expect to replace the units of beginning inventory sold; it plans to reduce inventory by year-end to 500 units. What amount of cost of goods sold should be recorded for the quarter ended March 31? a. $335,000 b. $350,000 c. $3
> The journal entry at March 15 to record the payment of property taxes would include which of the following? a. A debit to Property Tax Expense of $480,000. b. A credit to Cash of $120,000. c. A debit to Prepaid Property Taxes of $360,000. d. A credit to
> Aaron owns 100 percent of the 12,000 shares of Veritable, Inc. The Investment in Veritable account has a balance of $588,000, corresponding to the subsidiary’s unamortized acquisition-date fair value of $49 per share. Veritable issues 3,000 new shares to
> How much of this expense should Calloway’s income statement reflect for the quarter ending March 31? a. –0– b. $40,000 c. $120,000 d. $480,000 On March 15, Calloway, Inc., paid property taxes of $480,000 for the calendar year.
> In March of the current year, Mooney Company estimated its year-end executive bonuses to be $800,000. The executive bonus paid in the previous year was $950,000. What amount of bonus expense, if any, should Mooney recognize in determining net income for
> Rouge Company’s $250,000 net income for the quarter ended September 30 included the following after-tax items: ∙ A $20,000 cumulative effect loss resulting from a change in inventory valuation method made on September 1. ∙ $0 of the $60,000 annual proper
> Baton Company estimates that the amounts for total depreciation expense for the year ending December 31 will be $120,000 and for year-end bonuses to employees will be $200,000. What total amount of expense relating to these two items should Baton report
> Chambers Company has seven operating segments but only four (One, Two, Three, and Four) are of significant size to warrant separate disclosure. As a whole, the segments generated revenues of $1,010,000 ($780,000 + $230,000) from sales to outside customer
> What is the minimum number of operating segments that must be separately reported? a. Ten. b. Segments with at least 75 percent of revenues as measured by the revenue test. c. At least 75 percent of the segments must be separately reported. d. Segments w
> Hyams Corp. engages solely in manufacturing operations. The following data pertain to the operating segments for the current year: In its segment information for the current year, how many reportable segments does Hyams have? a. Three b. Four c. Five d
> Howard Corporation has six different operating segments reporting the following operating profit and loss figures: With respect to the profit or loss test, which of the following statements is not true? a. A is a reportable segment based on this one te
> Nottage Company has four separate operating segments: What revenue amount must one customer generate before it must be identified as a major customer? a. $39,600 b. $42,200 c. $46,500 d. $49,200 East West North South Sales to outsiders $188,000 $12
> Livro Company has three operating segments with the following information: In addition, corporate headquarters generates revenues of $2,000. What is the minimum amount of revenue that each of these segments must generate to be considered separately rep
> Premier Company owns 90 percent of the voting shares of Stanton, Inc. Premier reports sales of $480,000 during the current year and Stanton reports $264,000. Stanton sold inventory costing $28,800 to Premier (upstream) during the year for $57,600. Of thi
> A parent acquires the outstanding bonds of a subsidiary company directly from an outside third party. For consolidation purposes, this transaction creates a gain of $45,000. Should this gain be allocated to the parent or the subsidiary? Why?
> Discussion Problem: If your firm had 500 suppliers and they each had 100 suppliers, how many second-tier suppliers would your firm have? What if your firm reduced its supply base to twenty?
> Discuss how an organization develops a supplier evaluation and certification program.
> What are the criteria used in evaluating a supplier?
> Describe how a typical government bidding process is conducted.
> The Margo Manufacturing Company is performing an annual evaluation of one of its suppliers, the Mimi Company. Bo, purchasing manager of the Margo Manufacturing Company, has collected the following information: A score based on a scale of 0 (unsatisfactor
> What are the differences between transactional and analytic SRM?
> How does public procurement differ from corporate purchasing?
> Why don’t firms just buy out their suppliers and industrial customers, forming conglomerates, instead of practicing supply chain management?
> Describe how the hybrid purchasing organization works.
> Ten customers per hour were asked by the cashier at Stanley’s Deli if they liked their meal, and the fraction that said “no” are shown below, for a 12-hour period. For the data shown above, find a.
> Briefly describe resource requirements planning, rough-cut capacity planning, and capacity requirements planning. How are these plans related?
> Given the following production plan, use a (a) chase production strategy and (b) level production strategy to compute the monthly production, ending inventory/ (backlog) and workforce levels. A worker can produce 50 units per month. Assume that the begin
> When did the idea and term, supply chain management, first begin to be thought about and discussed?
> Describe centralized and decentralized purchasing and their advantages.
> What is a BOM, and how is it different from the super BOM?
> What is system nervousness? Discuss how it can be minimized or avoided.
> What is the purpose of the available-to-promise quantity, and how is it different from on-hand inventory?
> What is the impact of the smoothing constant value on the simple exponential forecast?
> Explain the difference between a time series model and an associative model. Under what conditions would one model be preferred to the other?
> Explain the impact of a mismatch in supply and demand. What strategies can companies adopt to influence demand?
> Why is demand forecasting important for effective supply chain management?
> What are foreign trade zones? What benefits do they provide?
> What is countertrade? Describe the various types of countertrade.
> What is cloud computing, and how can companies benefit from this technology in solving supply chain forecasting problems?
> Is the use of a large number of suppliers a good idea? Why?
> Why is widespread adoption of CPFR below expectations?
> How can purchasing help to improve the competitive edge of an organization?
> What are the eight tasks associated with the CPFR model? Why is sharing data important in CPFR implementation? What are the benefits of sharing information?
> What are the key features of CPFR? Why would a company consider adopting CPFR?
> What is a tracking signal? What information does the tracking signal provide that managers can use to improve the quality of forecasts?
> Explain the key differences between the weighted moving average and the simple exponential smoothing forecasting methods.
> What is sustainable sourcing and how does it differ from ethical sourcing? From green purchasing?
> What is a fair trade product?
> The following sample information was obtained by taking four doughnuts per hour for 12 hours from the Fawcett Bakery’s doughnut process and weighing them: For the data shown above, a. Find the x and R for each sample. b. Find the x a
> What are some of the risks of ethical sourcing? How about the potential advantages? Do you think ethical sourcing is a good practice?
> Describe several international logistics intermediaries. Could they also be considered3PLs?
> What are the key capabilities of supplier relationship management software?
> Describe the differences between integrative and distributive negotiations, and when each should be used.
> What makes supplier alliances fail? How can firms reduce the failure rate?
> Discuss the advantages and risks of supplier co-location.
> The forecasts generated by two forecasting methods and actual sales are as follows: (a) Compute the MSE, the MAD, the MAPE, the RSFE and the tracking signal for each forecasting method. Which method is better?Why? MONTH SALES FORECAST 1 FORECAST 2 2
> Describe the differences between vendor managed inventories and co-managed inventories, and when it might be advisable to do either of them.
> Why is early supplier involvement a good way to integrate the supply chain?
> When would firms want to insource a product or process? How is this different from co-sourcing?
> What are the advantages of using SRM solutions to manage suppliers?
> Why would a firm want to monitor its purchasing performance?
> Could your firm use a 3PL to improve its ethical or sustainable purchasing practices?
> What is a 4PL? When would you use a 4PL instead of a 3PL?
> What are the benefits of ISO 9000 certification?
> What do you think the most pressing global logistics problem is? Why?
> What is a 3PL provider? What advantages could a 3PL provider give to a small firm? A large firm?
> Would a firm ever want to outsource a core product or process? Why or why not?
> What are the benefits of sustainable sourcing? Can firms actually make money from sustainable sourcing? Do you think it is a good practice?
> When would your firm want to use an e-procurement system?
> Describe the e-procurement system and its advantages over the manual system. Are there any disadvantages to the electronic system? Do you think the e-procurement system will ultimately replace the manual system? Why or why not?
> Why do organizations use supplier certification? What are its benefits?
> The owner of the Chocolate Outlet Store wants to forecast chocolate demand. Demand for the preceding four years is shown in the following table: 1 ...................................................................... 68,800 2 .......... .............
> What is the difference between and MRP system and an ERP system?
> Are environmental concerns influencing purchasing decisions? What are the benefits of ISO 14000 certification?
> When should a firm outsource instead of making the items in-house?
> Define the term supply chain management in your own words, and list its most important activities.
> Given the following production plan, use a (a) chase production strategy, and (b) level production strategy to compute the monthly production, ending inventory/ (backlog), and workforce levels. A worker is capable of producing 100 units per month. Assume
> Explain backward vertical integration. What are the advantages of outsourcing compared to backward vertical integration?
> What does the term, “third-tier supplier” mean? What about “third-tier customer”? What about the “focal firm”? Provide examples.
> How is lean thinking associated with supply chain management?
> Why should an organization invest in supplier development programs? What are the challenges of supplier development activities?
> The bills of materials for a finished product E, inventory status, and other relevant information are given below. Compute the planned order releases and projected on hand inventory balances for parts E, F, and M. A B F 2 required 3 required 2 requir
> Why are small value purchase orders problematic? How can purchasing more effectively deal with this problem?
