Arsenal Electronics is going to construct a new

Arsenal Electronics is going to construct a new

Arsenal Electronics is going to construct a new

Subject: Business    / Management
Question

Problem 1.

Arsenal Electronics is going to construct a new $1.2 billion semiconductor plant and has selected four towns in the Midwest as potential sites. The important location factors and ratings for each town are as follows:

Scores (0 to 100)

Location Factor

Weight

Abbeton

Bayside

Cane Creek

Dunnville

Work ethics

0.18

80

90

70

75

Quality of life

0.16

75

85

95

90

Labor laws/unionization

0.12

90

60

60

70

Infrastructure

0.10

60

50

60

70

Education

0.08

80

90

85

95

Labor skill and education

0.07

75

65

70

80

Cost of living

0.06

70

80

85

75

Taxes

0.05

65

70

55

60

Incentive package

0.05

90

95

70

80

Government regulations

0.03

40

50

65

55

Environmental regulations

0.03

65

60

70

80

Transportation

0.03

90

80

95

80

Space for expansion

0.02

90

95

90

90

Urban proximity

0.02

60

90

70

80

Recommend a site based on these location factors and ratings.

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A researcher wants to compare a sample of pure-breed

A researcher wants to compare a sample of pure-breed

A researcher wants to compare a sample of pure-breed

Subject: Mathematics    / Statistics
Question

Only need the segments that are in Bold answered. (9 questions total)

6. A researcher wants to compare a sample of pure-breed German Shepherd (n = 21) puppies to the typical German Shepherd on skills of drug detection (measured in minutes; 0-5). He knows that the average search rate is 1.36 but does not know the variance. He wants to test if his new litter of puppies will search at a similar rate as the typical German Sheppard search dog. He expects his new litter to perform just as well as the typical search dog.

⢠What are the researcherâs independent and dependent variables?

⢠Independent= New litter of puppies

⢠Dependent= average search age

⢠What are the null and alternative hypotheses (use the appropriate symbols not words)?

⢠H0=µ1= µ2

⢠H1= µ1â µ2

⢠What is the appropriate test for the researcher to use? Sample t test

⢠Why is that statistic appropriate? The variance is not known so we are able to approximate with the t distribution.

If applicable to the specific test:

⢠What are the testâs assumptions? Sample is from population that follows normal distribution

⢠What are the testâs df? n-1 21-1= 20

⢠What is the appropriate critical value? -1.36 or 1.36

⢠If the research obtains a test statistic of 2.25, would the researcher retain or reject H0?

⢠Should the researcher do any follow up tests or make any graphs/charts?

⢠Interpret the findings in APA style

7. Dr. Hughes researches the pattern of vending machine use on campus. He has found that two factors increase the use of vending machines (0-10) in college; one is time of the semester and one is time of day. He wants to determine if these two factors influence one another to form a more specific pattern of vending machine use. Dr. Hughes goes to several locations on campus to watch the use of vending machines. He records the time of day and the time within the semester. He later then transposes those times into groups (time of day 1=morning, 2=afternoon, 3=evening, 4=late night; time of semester 1=early, 2=late).

⢠What are the researcherâs independent and dependent variables?

⢠Independent= time of the semester and time of the day

⢠Dependent= pattern of vending machines used on campus

⢠What are the null and alternative hypotheses (use the appropriate symbols not words)?

⢠H0= µ1= µ2

⢠H1= µ1â µ2

⢠What is the appropriate test for the researcher to use? Factorial ANOVA

⢠Why is that statistic appropriate? Measuring two different samples.

If applicable to the specific test:

⢠What are the testâs assumptions? sample is independent and that there is equal variance within the population

⢠Should the researcher do any follow up tests or make any graphs/charts?

⢠Interpret the findings in APA style

8. A student researcher wanted to determine the relationship between the number of time students attend class (0-48) and their satisfaction with the class overall (1-10 scale). Twenty-six students participated in the study. They believe that the more students attend class the happier they will be with the class.

⢠What are the researcherâs independent and dependent variables?

⢠Independent= Number of classes students attend

⢠Dependent= student satisfaction

⢠What are the null and alternative hypotheses (use the appropriate symbols not words)?

⢠H0= µ1= µ2

⢠H1= µ1â µ2

⢠What is the appropriate test for the researcher to use? Pearson Correlation coefficient

⢠Why is that statistic appropriate? The researcher wants to determine the relationship between the number of classes students attend and their satisfaction.

If applicable to the specific test:

⢠What are the testâs assumptions? The samples are drawn at random.

⢠What are the testâs df? 48-2= 46

⢠What is the appropriate critical value? 2.01

⢠If the research obtains a test statistic of .211, would the researcher retain or reject H0? the researcher would reject the null hypothesis.

⢠Should the researcher do any follow up tests or make any graphs/charts? A scatterplot would confirm the linear relationship and show the slope.

⢠Interpret the findings in APA style

10. A group of concerned citizens are interested in whether home owners in area A (n = 22) pay more property taxes than home owners in area B (n = 24). They would like to compare the average amount of property tax paid (measured in dollars; minimum payment is $1) in each area. Each area has roughly 100 unique homes; for a total of 200 homes.

⢠What are the researcherâs independent and dependent variables?

⢠Independent= Homeowners area

⢠Dependent= Property taxes

⢠What are the null and alternative hypotheses (use the appropriate symbols not words)?

⢠H0=

⢠H1=__________________

⢠What is the appropriate test for the researcher to use? 2 independent sample t test

⢠Why is that statistic appropriate? We are comparing two independent samples

If applicable to the specific test:

⢠What are the testâs assumptions? sample is drawn from a normal population

⢠What are the testâs df? 100+100-2=198

⢠What is the appropriate critical value?

⢠If the research obtains a test statistic of .429, would the researcher retain or reject H0?

⢠Should the researcher do any follow up tests or make any graphs/charts?

⢠Interpret the findings in APA style

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Econ2200 – Extra Credit, (Perfect Competition)

Econ2200 – Extra Credit, (Perfect Competition)

Econ2200 – Extra Credit, (Perfect Competition)

Subject: Economics    / General Economics
Question
Econ2200 Extra Credit
Question 1 (Perfect Competition)
The data in the tables provide information about the price in dollars for which a firm can sell a unit of output and total
cost of production
A) Fill in the blanks in tables I and II
TABLE I (price $60)
quantity
0
1
2
3
4
5
6
7
8
9
10
11 price
60
60
60
60
60
60
60
60
60
60
60
60 Total cost
100
150
178
198
212
230
250
272
310
355
410
475 MC MR Profit MC MR Profit Table II (price $50)
quantity
0
1
2
3
4
5
6
7
8
9
10
11 price
50
50
50
50
50
50
50
50
50
50
50
50 Total cost
100
150
178
198
212
230
250
272
310
355
410
475 A) What happens to the firm’s output choice (Q*) when the price falls from $60 to $50 B) Complete the tables below as the TFC increases from $100 (in tables I & II) to $150 (in table III) and it rises to $200 in
Table IV, ceteris paribus.
Table III (TFC = $150)
quantity
0
1
2
3
4
5
6
7
8
9
10
11 price
60
60
60
60
60
60
60
60
60
60
60
60 Total cost MC MR Profit Total cost MC MR Profit Table IV (TFC = $200)
quantity
0
1
2
3
4
5
6
7
8
9
10
11 price
60
60
60
60
60
60
60
60
60
60
60
60 D) Describe what happens to the profit maximizing choices of this firm as TFC increases. Question 2 (Monopolies)
3) There is a monopolist of widgets that has the cost function of: C= 100- 5Q + Q2
This creates a marginal cost of: MC = 2Q- 5
Demand is given by the function: P = 55-2Q
Given the above function the Marginal revenue is given by: MR = 55 – 4Q
A)
B)
C)
D) What price should the monopolist set to maximize profit?
What output level will maximize profit for the monopolist?
What is the maximum profit the monopolist earns?
What is the amount of consumer surplus when the monopolist maximizes profit? E) Now suppose that the industry becomes a PERFECTLY COMPETITIVE industry, where P = MC.
F) What is the profit maximizing price and quantity now in the perfectly competitive industry?

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SOC1100 Sci-Fi 4

SOC1100 Sci-Fi 4

SOC1100 Sci-Fi 4

Subject: General Questions    / General General Questions
Question

1. Upload unit four’s sci-fi essays on “Economy and Work” and “Politics and Government” here. No more than two pages in length *each*, double-spaced. Remember to bold all sociology concepts used. This is the last set of sci-fi essays for the course. (Unit five requires the final paper instead.)

For this class, you have to complete a series of science fiction essays. Here are the steps and requirements you should follow.

1. Choose two films from the following list. You will use these two sources for all of your Sci-Fi essays this term. Please check the ratings on these films in advance if you are concerned about ‘mature themes.’

Mad Max: Fury Road

Children of Men

In Time

Gattaca

Equilibrium

Waterworld

2. The main purpose of this assignment is for you to relate sociological concepts (presented in each chapter of the textbook) to the material presented in the films. Your final version should be precise in referring to the films. Here are just some of the things that should figure in your paper:

1) Culture. (Write two double-spaced pages on culture, talk about BOTH films.) The films present us with a vision of futuristic societies. You should provide an analysis of this society as if you were an anthropologist discovering a new culture. What seems to be the rules, norms, values, laws and symbols of this culture? Is there a dominant culture? Are there any subcultures or countercultures, describe them (and indicate why some are subcultures and others counterculture)? Describe a few elements of material and nonmaterial culture.

2) Socialization. (Write two double-spaced pages on socialization, talk about BOTH films.) In the chapter on socialization, you have learned that even though we tend to think of our “self” as the core of our identity, what makes us unique individuals, the reality is that self is a social product; our self is the product of our interactions with other people and our culture, or the part of the culture we have access to. How do you see this phenomenon reflected in the books and films? Additionally, very often, science fiction, a central character is presented with a challenge to his/her self. A common plot is for the central character to see the integrity of his self challenged. Describe how this happens. Who or which group poses such a challenge and how does the character detect, react and cope with such a challenge? In the books and films, can you identify examples of resocialization, total institutions and social devaluation? If yes, explain.

3) Social interaction and social structure. (Write two double-spaced pages on social interaction/social structure, talk about BOTH films.) Interactions are an essential part of our lives and our “self”. Are the characters confronted with role strain or role conflict? In the films, describe the main character’s ascribed and achieved status(es). Are the societies described based on mechanical or organic solidarity? Are they more Gemeinschaft or Gesellschaft societies?

4) Groups and Organizations. (Write two double-spaced pages on groups/organizations, talk about both films.) What are the most important groups (primary and secondary) and formal organizations / bureaucracies presented in the books and films? What kind of leadership is present? Identify examples of ingroup / outgroup, conformity and obedience.

5) Deviance and crime. (Write two double-spaced pages on deviance/crime, talk about the book and the film.) What kinds of activities are presented as deviant or criminal in the films? How do these societies treat deviant? What kinds of punishments are applied to them (formal / informal)? Is there a criminal justice system? How does it work?

6) Dimensions of Stratification. (Write two double-spaced pages on stratification, talk about both of the films.) Are the societies presented in the books and films stratified? Give specific examples of systems of stratification, different social classes, racial / ethnic groups and gender issues. Is there any racism, sexism, prejudice of all sorts and discrimination? Are there any examples of global stratification (stratification between societies rather than within societies)? Identify patterns of race relations (genocide, assimilation…). Describe the gender roles in these societies.

7) Economy and work. (Write two double-spaced pages on economy/work, talk about both films.) What types of economic systems are described in the films? Describe the labor market. What seem to be the major economic issues for these societies? What are the main occupations, professions and other forms of employment described?

8) Politics and Government. (write two double-spaced pages on politics/government, talk about both of the films.) Describe the different political systems presented in the films. Are these democracies, monarchies, authoritarian or totalitarian governments? Which individuals or groups exercise power and/or authority (which type of authority)? Do these societies seem to be more on a pluralist or power elite-based? Does the military play a role in these societies? What is its importance?

3. For each unit, you will have to focus on the corresponding chapters in the textbook in 2 double-spaced pages. For instance, for unit 1, you will have to write 2 pages relating to culture and another 2 pages on socialization for a total of 4 pages of writing for unit one. (Chapters 1 & 2 are not required.) You will need to bold the sociological concepts you use in your essays, please do not forget to do this.

These unit assignments are expected to be thorough; it is clear that you will not have read the complete book by the unit one deadline, but it is important that you start the reading and get an initial idea of what you have to do. The first few chapters of a book or the introductory scenes of a film usually tell you a lot about a given society and its culture.

You are expected to be specific. For instance, it is not enough to write that a government is totalitarian; you are expected to provide detailed explanations to support this assessment and to give precise examples from the book and film of your choice. Also, don’t write that a society seems technologically advanced. This is science fiction: societies are very likely to be technologically advanced. As sociologists, we are much more interested in the effects of technology on society and vice versa.

The unit sections and final paper should be Microsoft Word / Open Office documents. Please, do not use any other format. If you do not have Microsoft Word and use another word processor (such as Microsoft Works, WordPerfect, etc); save your document in Rich Text Format (the extension of your file should be .rtf). Alternatively, you can type your assignment directly in Blackboard but be sure to format it as required.

Finally, turn in your Sci-Fi essays by uploading them into Blackboard. Please upload only ONE file, that file will contain all of the 2-page essays required for that given unit. Please label all papers so I know which essay I’m reading, and who wrote it (your name). Go to Assignments and select Sci-Fi Essays.

If you have any questions after reading through class material, don’t hesitate to email me at cravens@cod.edu. Also, if you want to recommend a new (or old) science fiction film that would lend itself well for these essays, please let me know. I will watch it and consider it for future classes. I get the best recommendations from students!

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ACCOUNTING ASSIGNMENT 4 SP’17

ACCOUNTING ASSIGNMENT 4 SP’17

ACCOUNTING ASSIGNMENT 4 SP’17

Subject: Business    / Accounting
Question

1. Twenty-five thousand shares reacquired by Bremer Corporation for $53 per share were exchanged for undeveloped land that has an appraised value of $1,700,000. At the time of the exchange, the common stock was trading at $62 per share on an organized exchange.

Required:

(a) Prepare the journal entry to record the acquisition of land assuming that the purchase of the stock was originally recorded using the cost method.

(b) Briefly identify the possible alternatives (including those that are totally unacceptable) for quantifying the cost of the land and briefly support your choice.

2. Samuels, Inc. issues 500 shares of $10 par value common stock and 100 shares of $100 par value preferred stock for a lump sum of $100,000.

Required:

(a) Prepare the journal entry for the issuance when the market price of the common shares is $165 each and market price of the preferred is $230 each. (Round to nearest dollar.)

(b) Prepare the journal entry for the issuance when only the market price of the common stock is known and it is $170 per share.

3. The common stock of Rainer, Inc. is currently selling at $120 per share. The directors wish to reduce the share price and increase share volume prior to a new issue. The per share par value is $10; book value is $70 per share. Nine million shares are issued and outstanding.

Required:

Prepare the necessary journal entries assuming the following.

(a) The board declares and issues a 2-for-1 stock split.

(b) The board declares and issues a 100% stock dividend.

(c) Briefly discuss the accounting and securities market differences between these two methods of increasing the number of shares outstanding.

4. Crowder Company’s ledger shows the following balances on December 31, 2017.

7% Preferred stock—$10 par value, outstanding 20,000 shares

$??200,000

Common stock—$100 par value, outstanding 30,000 shares

3,000,000

Retained earnings

630,000

Required:

Assuming the directors decide to declare total dividends in the amount of $366,000, determine how much each class of stock should receive under each of the conditions stated below. One year’s dividends are in arrears on the preferred stock.

(a) The preferred stock is cumulative and fully participating.

(b) The preferred stock is noncumulative and nonparticipating.

(c) The preferred stock is noncumulative and is partially participating up to an additional 2%.

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FINC 331 – Research Nike and history.

FINC 331 – Research Nike and history.

FINC 331 – Research Nike and history.

Subject: Business    / Finance
Question

Research Nike and history. Compare and evaluate Nike’s financial performance for the last two years with its major competitor (by looking at the balance sheet, income statement, cash flow chart, industry trends, etc., of both companies). Your assignment is to research the company (this could include mergers, acquisitions, etc.), analyze the financial performance (using all sources available to you, i.e., annual reports, 10K or 10Q). In addition to reviewing the traditional financial performance indicators, you are to review the company’s past and current stock performance. You can get stock information from the NASDAQ, Yahoo Finance, etc.

Your report includes three parts:

(1) Compare and evaluate the Nike’s financial performance for the last two years with its main competitor (by looking at the balance sheet, income statement, cash flow chart, etc., of both companies.). Look at the industry for trends and compare. For example, if you choose Apple as your company, Microsoft is a major competitor. The industry is the computer, digital electronics, tablets, etc.

(2) An evaluation of the company’s stock performance for the last year. Compare to the previous year.

(3) Finally, a specific recommendation, with supporting rationale, as to whether or not the company’s recent trend in financial and stock performance are of sufficient financial strength to warrant a recommendation to purchase their stock.

You may wish to include all necessary and relevant financial performance and stock information, trends, and projections in supporting your recommendation. These factors may include, financial ratio trends and industry comparatives, capital spending, stock growth.

The paper will be 5- 6 pages. The 5-6 pages do not include the title page, graphs or references. The paper must include an introduction or abstract and a summary conclusion.

General Guidelines for All Written Work

All written projects should conform to standards of formatting and documentation, including proper citations and references found in an acceptable college-level writing guide such as MLA, APA.

Written projects must be:

typed, double-spaced, in 12-point Times New Roman or Arial font, with margins no wider than one inch
have footnotes or endnotes, with correct citations
have a bibliography of sources used
include, for each entry, the author, title, city and state of publisher, publisher’s name, year, and page numbers
prepared using word processing software (Microsoft Word preferred), in a manner similar to the preparation of a written assignment for classroom submission

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CARD405 Week 6 Discussion Latest 2017 March

CARD405 Week 6 Discussion Latest 2017 March

CARD405 Week 6 Discussion Latest 2017 March

Subject: General Questions    / General General Questions
Question
Responding to Interview Questions (graded)
Once you have a resumé that gets noticed by employers, the next step in securing the job that you want is to interview successfully. The key to interviewing successfully is your ability to respond appropriately and well to the questions asked during the interview. Pick three questions from the following list (Martucci Lamarre, 2006, p. 121) and tell us how you would respond to them.

Tell me something about yourself.
Why should I hire you?
What are your strengths?
What are your weaknesses?
Why are you applying for this position?
How are you qualified for this position?
Why are you interested in working for our firm?
What can you contribute to this company?
What are your short-term goals?
What are your long-term goals?

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Management communication – case-analysis

Management communication – case-analysis

Management communication – case-analysis

Subject: Business    / Management
Question

Form feedback to this student’s post. Your feedback must have substance. Give feedback to this studentâs initial post. Good feedback is not about criticizing your peers. It does, however, address the value and usefulness of specific comments and the appropriate application of concepts and models. Good feedback can also include suggestions, constructive comments, and analytical comparisons with your own observations and experiences.Minimum of 500 words or morein your response.

Cite your sources in APA style (go to http://owl.english.purdue.edu/owl/resource/560/06/)

Student’s Post:

1. A:

According to OâRourke a meeting should motivate, educate, recreate, initiate, network, and reward. However, he also claims a meeting should only be initiated if completely necessary.

If the meeting is executed it should have a lot of open communication and lead to new ideas and collaboration amongst the attendees. A meeting is effective and âworkedâ if the ideas introduced in the meetings are implemented in the time following the meeting. These meetings usually have a goal of boosting morale and bringing everyone together. If the meeting has goal setting it can also bring about competition if the goals are to be met by the entire group. (OâRourke 2010)

B:

With the current company I am working for we have âLABâ about twice a year. In LAB they fly us to Houston to visit our main office and we to a series of classes and training events for two days and then fly home. The classes usually entail some type of training and then there is typically something fun intertwined. For example, our last trip included a tour of a brewery and a beer and cheese tasting. We had lunch with our peers and superiors and then returned to class for some more training. In my experience these meetings boost morale and ultimately motivate everyone to return to work on a positive note. Not only are you learning something about the job and improving, but also making friends and socializing.

2. The biggest implication I noticed is how much more personal and important face-to-face interaction can be. With telephones it is hard to express body language and ultimately gauge how the person is actually feelings. With face-to-face interactions allow for more back and forth interaction and less likelihood for someone to completely âtake overâ the conversation.

3. A:

Rebecca Caruso should immediately address the public with an apologetic statement and make sure it is know that the actions are not something the company wants to be associated with. The press release should let the pubic know they do not discriminate in any way and make it known what happened is not acceptable. The company could release a campaign for human rights and make a valiant effort to include diversity in their marketing campaigns.

B:

The company needs to address stakeholders in a similar way they address the media and publicâapologetic.

âWho are the internal and external stakeholders that matter to your organization? I consider employees to be your most important audience, because every employee is a PR representative and crisis manager for your organization whether you want them to be or not! But, ultimately, all stakeholders will be talking about you to others not on your contact list, so itâs up to you to ensure that they receive the messages you would like them to repeat elsewhere,â (Bernstein 2016). It is essential the current employees of the company are comfortable and informed.

References:

Bernstein, J. (2017, April 18). The 10 Steps of Crisis Communications » Bernstein Crisis Management. Retrieved April 26, 2017, from https://www.bernsteincrisismanagement.com/the-10-steps-of-crisis-communications.

O’Rourke, J. S. (2013).Management communication: a case-analysis approach. Boston: Prentice Hall.

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Somerset Furniture Company’s Global Supply Chain

Somerset Furniture Company’s Global Supply Chain

Somerset Furniture Company’s Global Supply Chain

\Subject: Business    / Management
Question

Somerset Furniture Company’s Global Supply Chain The Somerset Furniture Company was founded in 1957 in Randolph County, Virginia. It traditionally has manufactured large, medium-priced, ornate residential wood furniture such as bedroom cabinets and chests of draws, and dining and living room cabinets, tables, and chairs, at its primary manufacturing facility in Randolph County. It employed a marketing strategy of rapidly introducing new product lines every few years. Over time it developed a reputation for high-quality, affordable furniture for a growing U.S. market of homeowners during the last half of the twentieth century. The company was generally considered to be an innovator in furniture manufacturing processes and in applying QM principles to furniture manufacturing. However, in the mid-1990s, faced with increasing foreign competition, high labor rates, and diminishing profits, the Somerset Company contracted to outsource several of its furniture product lines to manufacturers in China, simultaneously reducing the size of its own domestic manufacturing facility and labor force. This initially proved to be very successful in reducing costs and increasing profits, and by 2000 Somerset had decided to close its entire manufacturing facility in the United States and outsource all of its manufacturing to suppliers in China. The company set up a global supply chain in which it arranges for shipments of wood from the United States and South America to manufacturing plants in China where the furniture products are produced by hand by Chinese laborers. The Chinese manufacturers are very good at copying the Somerset ornate furniture designs by hand without expensive machinery. The average labor rate for furniture manufacturing in the United States is between $9 and $20 per hour, whereas the average labor rate for furniture manufacturers in China is $2 per day. Finished furniture products are shipped by container ship from Hong Kong or Shanghai to Norfolk, Virginia, where the containers are then transported by truck to Somerset warehouses in Randolph County. Somerset supplies retail furniture stores from this location. All hardware is installed on the furniture at the retail stores in order to reduce the possibility of damage during transport. The order processing and fulfillment system for Somerset includes a great deal of variability, as do all aspects of the company’s global supply chain. The company processes orders weekly and biweekly. In the United States it takes between 12 and 25 days for the company to develop a purchase order and release it to its Chinese suppliers. This process includes developing a demand forecast, which may take from one to two weeks; converting the forecast to an order fulfillment schedule; and then developing a purchase order. Once the purchase order is processed overseas by the Chinese manufacturer, which may take 10 to 20 days depending on the number of changes made, the manufacturing process requires approximately 60 days. The foreign logistics process requires finished furniture items to be transported from the manufacturing plants to the Chinese ports, which can take up to several weeks depending on trucking availability and schedules. An additional 5 to 10 days are required to arrange for shipping containers and prepare the paperwork for shipping. However, shipments can then wait from one day to a week for enough available containers. There are often too few containers at the ports because large U.S. importers, like “Big W” discount stores in the United States, reserve all the available containers for their continual stream of overseas shipments. Once enough containers are secured, it requires three to six days to optimally load the containers. The furniture pieces often have odd dimensions that result in partially filled containers. Since 9/11, random security checks of containers can delay shipment another one to three weeks, and smaller companies like Somerset are more likely to be extensively checked than larger shippers like Big W, whom the port authorities don’t want upset with delays. The trip overseas to Norfolk requires 28 days. Once in port, one to two weeks are required for a shipment to clear customs and to be loaded onto trucks for transport to Somerset’s warehouse in Randolph County, which takes from one to three days. When a shipment arrives, it can take from one day up to a month to unload a trailer, depending on the urgency to fill store orders from the shipment. Because of supply chain variability, shipments can be off schedule (i.e., delayed) by as much as 40%. The company prides itself on customer service and fears that late deliveries to its customers would harm its credibility and result in cancelled orders and lost customers. At the same time, keeping excess inventories on hand in its warehouses is very costly, and since Somerset redesigns its product lines so frequently a real problem of product obsolescence arises if products remain in inventory very long. Somerset has also been experiencing quality problems. The Chinese suppliers employ quality auditors who rotate among plants every few weeks to perform quality control tests and monitor the manufacturing process for several days before visiting another plant. However, store and individual customer complaints have forced Somerset to inspect virtually every piece of furniture it receives from overseas before forwarding it to stores. In some instances, customers have complained that tables and chairs creak noisily during use. Somerset subsequently discovered that the creaking was caused by humidity differences between the locations of the Chinese plants and the geographic areas in the United States where their furniture is sold. Replacement parts (like cabinet doors or table legs) are difficult to secure because the Chinese suppliers will only agree to provide replacement parts for the product lines currently in production. However, Somerset provides a one-year warranty on its furniture, which means that they often need parts for a product no longer being produced. Even when replacement parts were available, it took too long to get them from the supplier in order to provide timely customer service. Although Somerset was initially successful at outsourcing its manufacturing process on a limited basis, it has since discovered, as many companies do, that outsourcing can result in a host of supply chain problems, as indicated.

QUESTION )

Determine the product lead time of Somerset Furniture Company’s by developing a time line from the initiation of a purchase order to product delivery. Discuss the company’s possible transportation modes and channels in China and to and within the United States, and the likelihood of potential problems. Identify and discuss how international trade specialist(s), trade logistics companies, and/or Internet exchanges might help Somerset reduce its product lead time and variability. APA citation

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BUSN460 Week 5 Discussion 1 & 2 Latest 2017 March

BUSN460 Week 5 Discussion 1 & 2 Latest 2017 March

BUSN460 Week 5 Discussion 1 & 2 Latest 2017 March

Subject: Business    / General Business
Question
dq 1
Performance Review Session (graded)

Let’s talk about the performance review Nick received from Warren. Would you accept the review if you were Nick? What would you want to be different and why?

dq 2
Status Reports (graded)

You’ve had a variety of weekly leaders in this class, and you’ve all turned in Status Reports. What can you do to improve that process and better evaluate and manage your teammates?

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