ACC501 Assignment # 01 Solution

Sales Rs. 80,000,000

Gross Profit Margin 80%

Operating Profit Margin 35%

Net Profit Margin 8%

Return on Total Assets 16%

Return on common equity 20%

Total assets Turnover 2

Average collection Period 70 Years

Gross Profit Margin Ratio = (Revenue -Cost of Goods Sold)/Revenue

0.8 = (80,000,000 - CGS)/80,000,000

0.8*80,000,000 = 80,000,000 - CGS

64,000,000 = 80,000,000 - CGS

Cost of Goods Sold = 80,000,000 - 64,000,000

Cost of Goods Sold = 16,000,000

Gross Profit = Sale - Cost of Goods Sold

Gross Profit = 80,000,000 - 16,000,000

Gross Profit = 64,000,000

Operating Profit Margin = Operating Income/ Revenue

0.35 * 80,000,000 = Operating Income

Operating Income = 28,000,000

Operating Expense = Gross Profit - Operating Income

Operating Expense = 64,000,000 - 28,000,000

Operating Expenses = 36,000,000

Net Profit Margin = Net Profit ( After Tax)/Revenue * 100

8/100*80,000,000 = Net Profit(After Tax)

Net Profit(After Tax) = 6,400,000

Earnings Available for common stockholders = Net Profit(After Tax = 6,400,000

Return on Assets - Net Income/ Total Assets

0.16 = 28,000,000/Total Assets

Operating Income is also called Net Income

Total Assets = 28,000,000/0.16

Total Assets = 175,000,000

Return on Common Equity = Net Income(After Tax)/Share Holder`s Equity

0.20 = 6,400,000/ Share Holder`s Equity

Share Holder`s Equity = 6,400,000/0.2

Share Holder`s Equity = 32,000,000

Total Asset turnover = Sales/Average Total Assets

2 = 80,000,000/Average Total Assets

Average Total Assets = 80,000,000/2

Average Total Assets = 40,000,000

Average Collection Period = (Days * Account Receivable)/Credit Sale

We assume Total Sale As Credit Sale

7 Days = (360 * Account Receivable)/80,000,000

80,000,000 * 7 = 360 * Account Receivable

80,000,000*7/360 = Account Receivable

Account Receivable = 1,555,555

MGMT623 assignment #1 Solution

Q1. How initiating structure, relates to planning, organizing and controlling? Give your opinion.

Solution:

Initiating Structure:-
According to Ohio state Leadership studies initiating structure of Behaviors is that the leader is task oriented and direct to subordinates for specific action.

In initiating structure behaviors the subordinates would not know what is expected, how to coordinate their work with others, or how their work relates to any group or organizational goals. This leads to frustration among workers and ultimately influences their productivity with proper Planning, then organizing the specific work and all resources to specific mission or action how to do. He manages the materials and facilities information resources by performing administrative activities to maintaining quality and uses personnel decision making and the controlling all this process. Without relation of POLCA function the initiating structure is neutral.

Q2 how would initiating structure help a manager do an effective job of re-engineering?

Solution:

Initiating structure helps the manager in job of reengineering:

In initiating structure of behaviors manager has to define the goal to achieve it. He defines and organizes his role and the roles of followers, is oriented toward goal attainment, and establishes well-defined patterns and channels of communication then he planes a strategy and finally selected decision is made to follow up. When he comes to organize the resources for the specific function he finds maximum of things in already structured form... He gets with low input high or very high out put.

When first time he does this job then he let group members know what is expected of them. Then he encourages the use of uniform procedures and full offer to the followers to try out ideas in the group. Decides that what shall be done and how it shall be done by assigning group members to particular tasks and Makes sure that his/her part in the group is understood by group members.
He makes Schedule of work to be done by standards of performance and ask the members to follow the rules and regulation.

So initiating structure of behaviors manager helps much more in process of reengineering.

MKT610 Assignment No. 1 Solution

Assignment No. 1
Suppose you are the Customer Care Manager of an intercity Bus Service Company at Lahore. There are different ticketing counters for different cities for males and females. Your bus service is reputed with good time management and is linked among 20 well know cities through out the country. However a series of complaints are continuously coming from the female’s customer’s counter. These complaints are ridiculous for you and threatening for the positive image of your company.

Question 1:
Assess what could be the potential complaints at females customer counter.

Answer:
The complaints at female’s customer counter;

1: The communication gape.
2: The poor pressure handling.
3: Poor time management.
4: Lack of information regarding to the services offered by Bus Service Company.
5: Not familiar with the working environment.

Question 2:
Provide the solution for your mentioned complaints in Question 1.

Answer:
Solution for above mentioned complaints:

1: Bus Service Company should train their workers, from the customer care department especially for better communication skills. I mean the customer care department is all about the communication skills.

2: We need to train our employees to handle the pressure in an efficient way. So in any situation they can work properly.

3: Time management is the key to success in any organization. So we need to work on this area. Our employees should be familiar to the system. So they can manage the work load.


4: Bus Service Company should make sure that their employees have sufficient information about the projects and services offered by the company. So they can treat the customers in a proper way. I mean to say that they can better satisfy the customer.

5: Especially for the new employees, the company should arrange the trainings to give the information about the working environment. I mean to say that every system or the organization have its own way to work. So the new comers must be informed about the system or the set of rules the company is following. So we can have a better reputation in the market.

Mkt624 Assignment No. 1 solution

#01: Why do you think it is important to convert a product into a brand?

Ans:

Because a brand name is a specific notation, or word for a product or service. It is a trademark that identifies a brand. It comes under the proprietary rights of a company. In fact if a company is expanding internationally then it becomes necessary for the company to adopt such a brand name and logo which can prove an excellent identity for the company. After the invention of advertising, in 1930 the concept of brand name emerged. Have you ever noticed that people who are brand conscious always love to use branded products which have a brand name on it.

Importance of a brand name in advertisement is also clear if you think for a while that whenever the name of fast food comes you think about McDonald, and Subways. After making a strong brand positioning, brand name of the company becomes its identification and a tool of marketing and promotion.

Q#02: State five of your favorite brands and discuss briefly why they are so dear to you?

Wall’s dairy ice cream.

It is so dear to me because not even a single time I went fad up by buying it because it is a largest selling brand in ice cream products & has a very wide range of products in a single banner. So whether if talk about taste or about quality & flavor, it will win all the time & I can bet upon it. The major motive to choose this product is, its international recognition & I feel pride to be a part of such product.

Gourmet sweets & bakers.

If we talk about confectioners then the largest selling brand in sweets & bakery products in big cities of our country is Gourmet. Whenever I visited their outlets, every Time I enjoyed their privilege & clean environment. All the stuff is so much dainty & hygienic there & whenever I want to buy some confectioners for relatives or friends then there is only one name in mind, “Gourmet” Also there is a pride of buying quality products which has its recognition too.

SONY: It is a firm which can produce mobiles phones, television, LCD, monitors, stereo systems etc. it captures its local market as well as its international market. it creates a good quality product which can use after its warranty expires. It has created a brand name in its customer’s mind. After a product is purchased by the customer the company can provide its free spare parts warranty in the limited period.

The company can create its product according to the customer’s need. That the customer can easily afford to buy it. The firm or the company can create lots of difference in their product among competitors. The person or the customer of electronic product he must first prefer to buy a Sony product that is a good and long life product. The company can also introduce a new technology in their products. That the customer can want to buy it. Some customers have special attention to the new technology products and it prefer to buy it as soon as possible.

HONDA:

It is that firm or company which produces a vehicles or cars for its customers. The company can differ in styles, quality products, luxurious and lifelong in their products among competitors. it can create an image on the customer’s mind. Company can create or turn its products into a brand and thus now he has generated a good cash flow, good future revenue for it. As time passed it introduces new technology in their vehicles manufactured so that the valued customers can want to buy it. The company can produce a product that can be durable, long life and good quality products.

IBM:

IBM is a firm which can produce computer systems, LCD’s, keyboard, and other applications of the computer systems. it produces a short body system which have a greater speed of there applications. There products must be long life and there products might be working in extreme cold and hot conditions or climate. The system user can already know its durability and quality of the IBM it produces its products in all sizes, different designs which can show the company’s image. The spare parts of the system can be easily in local market as well as in international markets.

Mgt503 Assignment No. 1 Announced

Case
Ali had worked with his father in a successful building materials business. The family had sold the company, and the Ali received a portion of the sales price. After several months, Ali began thinking about starting or buying a company. One of his hobbies was backpacking; he had hiked the highest peaks in 30 of the 50 states. In his search for a new business, Ali heard of a company that made small trailers for motorcycles. These trailers were fairly popular with retirees who were cyclists and with individuals who liked to travel on motorcycles in order to go into the back-woods where a car could not go.
After several meetings, Ali and the current owner of the firm negotiated a selling price and the deal was consummated. Immediately after the purchase, Ali moved the business from its present location to his own town, several hundred miles away.
Glossary
Backpacking- hiking and camping, Backwoods- wasteland, Consummated- to conclude something
1. Why should Ali buy the company instead of starting his own firm? (7)
2. What are the pros and Cons for Ali’s buying of this particular business?(8)