Economic Discussion Evaluation Question Paper

Economic Discussion Evaluation Question Paper

Instructions/Descriptions

Economic Discussion Evaluation Question Paper

agree or disagree

This week we were asked to discuss the theoretical framework we plan to use for our paper. According to Vinz, the “theoretical framework defines the key concepts in your research and proposes relations between them,” (2015).

The theory behind the concept of having enough inventory to meet customer demand during the holidays is there will be higher customer satisfaction.

With higher customer satisfaction, customers are more likely to return and become repeat customers.

According to Priniotakis & Argyropoulos, “holding the right amount of inventory can increase business performance by reducing the response time to customer demand which results to higher customer satisfaction,” (2018).

The final project will rely on data to predict future demand, to provide customer satisfaction. The relations the theory aims to observe is the overarching correlation between inventory, customer satisfaction, and return customers.

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Reference

Priniotakis, G. & Argyropoulos, P. (2018). Inventory management concepts and techniques. IOP Conference Series: Materials Science and Engineering. https://iopscience.iop.org/article/10.1088/1757-899X/459/1/012060/pdf

Vinz, S. (2015, October 14). Sample Theoretical Framework of a Dissertation or Thesis. Scribbr. https://www.scribbr.com/dissertation/theoretical-framework-example/

Prepare A Budgeted Balance Sheet for Sweats Galore

12.Using the information contained in the case and the previous budgets, prepare a budgeted balance sheet for Sweats Galore, Inc. for the year ended December 31, 2013.

Cash
Accounts receivable
Sweatshirt inventory Equipment
Less: Accumulated depreciation Total assets

Sweats Galore, Inc. Budgeted Balance Sheet December 31, 2013

Assets

Quarter 1234

CA-26SWEATScase 6Cases for Management Decision-Making GALORE

Liabilities and Stockholders’ Equity

Accounts payable
Notes payable
Interest payable
Taxes payable
Total liabilities
Common stock
Retained earnings
Total stockholders’ equity
Total liabilities and stockholders’ equity

13. (a) Using the information contained in the case and the previous budgets, calculate the estimated contribution margin per unit for 2013.(Hint: Silk- screened labor and the taxes are both fixed costs.)

(b) Calculate the total estimated fixed costs for 2013 (including interest and taxes). (c) Compute the break-even point in units and dollars for 2013.

14. (a) Michael is very disappointed that the company did not have an income of $25,000 for its first year of budgeted operations as he had wanted. How many shirts would the company have had to sell in order to have had a profit of $25,000? (Ignore changes in income tax expense.)

(b) Why dots the company’s net income differ from its ending cash balance?

15. Do you think it was a good idea to offer Cary Sue a salary plus10%of sales? Why or why not?

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