Chef’s Toolkit

Case #2 Chef’s Toolkit – Case Anaylsis De? ne the Issues Chef’s Toolkit has exhausted all of their ? nancial resources trying to develop their product. The owner, Peter Jeffery, is seeking external investment to fund the launch of his product, and the potential investor, Dale Reid, has asked for projected ? nancial statements for the company’s pessimistic, expected, and optimistic projected sales for the ? rst year of operation ending July 30, 1995. Analyzing the Case Data Fragmented information was given in the case, along with a balance sheet and a production schedule for the expected sales of 10,000 units.There was no statement of cash ? ows, income statement or any information about their cash account or their accounts payable account. Generating Alternatives Dale Reid could choose to either invest $85,000 for 50% of the company, choose to invest more or less for a negotiated percentage of the company, or not invest in Chef’s Toolkit. The pessim istic projected sales is 5,000 units per month, totaling 60,000 units in the year. The expected amount of sales is 10,000 units, summing to 120,000 units per year.The optimistic projected sales is 30,000 units per month resulting in a total of 360,000 units sold in the year. In the optimistic option, a double mold is needed since the total required production exceeds the maximum amount for the single mold. Selecting Decision Criteria †¢ Low additional investment †¢ High revenues with low expenses †¢ Return on Investment †¢ Break Even Analysis Analyzing and evaluating alternatives Break Even = Revenues – Expenses = 0 Single Mold = x(1. 82) – x(1. 215) – x(0. 162) – 63,975 63,975 = x(0. 43) 144,413 = Break even units/year Single Mold (pessimistic and expected) = 12,035 units/month Double Mold = x(1. 82) – x[(1. 215+0. 865)/2] – x[(0. 144+0. 062)/2] – 125,975 125,975 = x(0. 677) 186,078 = Break even units/year Double Mold (optimistic) = 15,507 units/month Chef’s Toolkit – Case Analysis 1 Case #2 Chef’s Toolkit – Case Analysis ROI = (Cash in? ow-Cost of investment)/Cost of investment Pessimistic (-41,711-54,894)/54,894 = – 176% Expected (-4,791-36,724)/36724 = -113% Optimistic (194,983. 20-6,046. 70)/6,046. 70 = 3125%Both the pessimistic and expected sales forecasting show that with an investment well under the proposed $85,000 is required, a negative return of investment is expected. Also, according to break-even analysis operating with the single mold and excluding warehousing costs, a minimum of 12,035 units must be sold to break even. Under a similar situation with the double mold, 15,507 units must be sold to break even, which is about half of the optimistic sales projection. Also under the optimistic sales projection, a positive return on investment is expected.Because the company is turning pro? t,less additional investment is required. Additionally under the pessimistic and expected situation, the company turns losses, and under the optimistic projections, Chef’s Toolkit only has a net income of 13% of its revenues. Selecting Preferred alternative According to the above information and the projected pro-forma statements, Dale Reid should not invest his money in the company. The company’s lack of current assets, high expenses and low per-unit revenue create an unfortunate and unpro? able investment in pessimistic and expected situations. Only in the optimistic production and sales does the company begin to turn pro? t, but this pro? t is low. Chef’s Toolkit needs desperate restructuring and additional revenue sources before Dale Reid should invest. Developing and Implementing the Plan To reduce production costs, Chef’s Toolkit should look into ? nding less expensive producers and packagers. They should also look into additional revenue streams or ? nding a way to retail their product directly to the custo mer to take out the middleman.This would increase their revenue per unit signi? cantly. Chef’s Toolkit can explore online retailing since they essentially don’t have any sort of bricks-and-mortar store front, so it would ? ow with their current business model. Also, if they aim to sell 13,500 units per month, they will turn pro? ts (see break-even analysis-single mold) and not require a double mold since they will produce and sell a total of 162,000 units (the max for the single mold) within the ? rst year.However, presently Peter Jeffery and his wife have exhausted all of the company’s assets as well as substantial amount of their personal assets. The risk in their current situation is high and they need immediate revenue to start recouping their research and development costs. They also need money to even start producing the product so that they can sell it. This should be brought up in their discussion with Dale Reid, and hopefully Peter can persuade him to i nvest despite the bleak pro-forma ? nancials. Chef’s Toolkit – Case Analysis 2

Free Essays on Red Elvis

Andy Warhol’s, Red Elvis (1962) uses a silkscreen process to replicate a commercial photograph of Elvis Presley onto a large painted canvas. I will provide an analysis of the unique image; as well as the method in which it was produced. I will also provide a brief explanation as to how I related and interpreted my image from the Red Elvis image. Red Elvis is a large, photo-silkscreen image that is emblazed by 36 exact duplicates of a headshot of the musician Elvis Presley. The headshots are in solid black ink on a solid red background, and it measures 175cm by 132 cm. (Rosenblum, 598, 1989). The contrast between the black and the red delivers a visual shock for what is in all essences an uninteresting photograph of Elvis Presley. This â€Å"shock of the new† (Collacello, 28) was evidently what Warhol was trying to accomplish. Due to the process in which the photo is transferred over to a silkscreen, much of the photo’s detail is lost, giving the final image an artificial, almost abstract, appearance on the canvas. We know that the image is of Elvis Presley, but if the image was of someone else, would we recognize the image as being a face? The intensity of the black heads does shift slightly, becoming slightly more intense, or darker, near the bottom. This effect gives the artwork a publicity poster-like feel, a slight deviance from the original being multiplied over a large space. The photograph of Elvis loses much of its uniqueness and glamorous qualities when the photo is multiplied several times over. Each image is closely aligned to one another to form a grid so that you are no longer looking at just 1 photo of Elvis, but an entire wall of 36 Elvis’s. The individuality of a single photograph is lost to this effect of duplication. The entire artwork is quite large, meaning each Elvis head was either kept to the original size, or enlarged. Elvis was chosen as a subject as Warhol had a longtime affinity for th... Free Essays on Red Elvis Free Essays on Red Elvis Andy Warhol’s, Red Elvis (1962) uses a silkscreen process to replicate a commercial photograph of Elvis Presley onto a large painted canvas. I will provide an analysis of the unique image; as well as the method in which it was produced. I will also provide a brief explanation as to how I related and interpreted my image from the Red Elvis image. Red Elvis is a large, photo-silkscreen image that is emblazed by 36 exact duplicates of a headshot of the musician Elvis Presley. The headshots are in solid black ink on a solid red background, and it measures 175cm by 132 cm. (Rosenblum, 598, 1989). The contrast between the black and the red delivers a visual shock for what is in all essences an uninteresting photograph of Elvis Presley. This â€Å"shock of the new† (Collacello, 28) was evidently what Warhol was trying to accomplish. Due to the process in which the photo is transferred over to a silkscreen, much of the photo’s detail is lost, giving the final image an artificial, almost abstract, appearance on the canvas. We know that the image is of Elvis Presley, but if the image was of someone else, would we recognize the image as being a face? The intensity of the black heads does shift slightly, becoming slightly more intense, or darker, near the bottom. This effect gives the artwork a publicity poster-like feel, a slight deviance from the original being multiplied over a large space. The photograph of Elvis loses much of its uniqueness and glamorous qualities when the photo is multiplied several times over. Each image is closely aligned to one another to form a grid so that you are no longer looking at just 1 photo of Elvis, but an entire wall of 36 Elvis’s. The individuality of a single photograph is lost to this effect of duplication. The entire artwork is quite large, meaning each Elvis head was either kept to the original size, or enlarged. Elvis was chosen as a subject as Warhol had a longtime affinity for th...

Free Essays on Illegal Migrant Labor In The United States

Illegal Migrant Labor in the United States They stand on corners early in the morning waiting to be picked up. They’re not prostitutes and they’re not criminals but rather the are ordinary people who come to this country from all over the globe in search of work. They’re Mexican , Haitian, Salvadoran, and various other ethnic groups who have left their countries for a variety of reasons. Some are just looking to make some money while others have left in order to escape poor and often times repressive conditions in their home countries. These people see America as a land of opportunity but these opportunities are not easy to find and when do find them they’re often times grueling tasks that no American is willing to perform. Through my extensive search I found two articles that caught my attention. The first was from the November 10th New York Times Magazine. It covered different aspects of illegal migrant labor including, working conditions and treatment from employers as well as Americans in general. In the article was a lengthy description on the plight of illegal Mexican laborers in Long Island. In one particular instance workers were attacked by the local population primarily because of racial prejudice (most of the workers are Latinos while the town is mostly white). There were also narratives of the daunting tasks the workers perform for very little money. The second article was from the front page of New York Times and talked about the scandal at a Tyson Foods meat packing plant , which involved the smuggling of workers from Mexico all the way to Kentucky to work at the plant. The plant managers did this in order to save costs but their scheme was uncovered when one of the workers notified the police. The primary reason why people hire illegal migrant laborers is they’re a source of cheap labor. Every year landscapers, far... Free Essays on Illegal Migrant Labor In The United States Free Essays on Illegal Migrant Labor In The United States Illegal Migrant Labor in the United States They stand on corners early in the morning waiting to be picked up. They’re not prostitutes and they’re not criminals but rather the are ordinary people who come to this country from all over the globe in search of work. They’re Mexican , Haitian, Salvadoran, and various other ethnic groups who have left their countries for a variety of reasons. Some are just looking to make some money while others have left in order to escape poor and often times repressive conditions in their home countries. These people see America as a land of opportunity but these opportunities are not easy to find and when do find them they’re often times grueling tasks that no American is willing to perform. Through my extensive search I found two articles that caught my attention. The first was from the November 10th New York Times Magazine. It covered different aspects of illegal migrant labor including, working conditions and treatment from employers as well as Americans in general. In the article was a lengthy description on the plight of illegal Mexican laborers in Long Island. In one particular instance workers were attacked by the local population primarily because of racial prejudice (most of the workers are Latinos while the town is mostly white). There were also narratives of the daunting tasks the workers perform for very little money. The second article was from the front page of New York Times and talked about the scandal at a Tyson Foods meat packing plant , which involved the smuggling of workers from Mexico all the way to Kentucky to work at the plant. The plant managers did this in order to save costs but their scheme was uncovered when one of the workers notified the police. The primary reason why people hire illegal migrant laborers is they’re a source of cheap labor. Every year landscapers, far...

Access Restrictions to Social Security Death Index

Access Restrictions to Social Security Death Index The Social Security Death Master File, maintained by the US Social Security Administration (SSA), is a database of death records collected from a variety of sources used by the SSA to administer their programs. This includes death information collected from family members, funeral homes, financial institutions, postal authorities, States and other Federal agencies. The Social Security Death Master File is not a comprehensive record of all deaths in the United States- just a record of those deaths reported to the Social Security Administration. The SSA maintains two versions of the Death Master File (DMF): The  full file  contains all death records extracted from the SSA database, including death data received from the States, and is shared only with certain Federal and State agencies pursuant to section 205(r) of the Social Security Act.The  public file  (commonly referred to as the Social Security Death Index, or SSDI), as of 1 November 2011, does  not  include protected death records received from the States.   According to the National Technical Information Service (NTIS), which disseminates the Death Master File, â€Å"Section 205(r) of the Act prohibits SSA from disclosing state death records SSA receives through its contracts with the states, except in limited circumstances.† This change removed approximately  4.2 million of the 89 million deaths at that time contained in the public Death Master File (Social Security Death Index), and approximately 1 million fewer deaths are now added each year.  At the same time, the Social Security Agency also stopped including the decedent’s residential state and Zip code in the public file (SSDI). Why the Changes to the Public Social Security Death Index? The 2011 changes to the Social Security Death Index began with a  Scripps Howard News Service investigation in July 2011, that complained about individuals using Social Security Numbers for deceased individuals found online to commit tax and credit fraud. Large genealogy services which offered access to the Social Security Death Index were targeted as helping to perpetuate the fraud related to use of social security numbers for deceased individuals. In November 2011, GenealogyBank removed social security numbers from their free U.S. Social Security Death Index database, after two customers complained their privacy was violated when the Social Security Administration falsely listed them as deceased. In December 2011, following a petition sent to the five largest genealogy services who provided online access to the SSDI, by  U.S. Senators  Sherrod Brown  (D-Ohio),  Richard Blumenthal  (D-Connecticut),  Bill Nelson  (D-Florida) and  Richard J. Durbin  (D-Illinois), A ncestry.com removed all access to the popular, free version of the SSDI that had been hosted on RootsWeb.com for over a decade. They also removed social security numbers for individuals who died within the past 10 years  from the SSDI database hosted behind their membership wall on Ancestry.com,  due to sensitivities around the information in this database. The Senators December 2011 petition urged companies to remove and no longer post on your website deceased individuals Social Security numbers because they believe that the benefits provided by making the Death Master File readily available online are greatly outweighed by the costs of disclosing such personal information, and that ...given the other information available on your website full names, birth dates, death dates   Social Security numbers provide little benefit to individuals undertaking to learn about their familial history.  While the letter conceded that posting the Social Security numbers is not illegal under the Freedom of Information Act (FOIA), it also went on to point out that legality and propriety are not the same thing. Unfortunately, these 2011 restrictions werent the end of the changes to public access to the Social Security Death Index. Pursuant to law passed in December 2013 (Section 203 of the Bipartisan Budget Act of 2013), access to information contained in the Social Security Administration’s Death Master File (DMF) is now limited for a three year period beginning on the date of an individual’s death to authorized users and recipients who qualify for certification. Genealogists and other individuals can no longer request copies of social security applications (SS-5) for individuals who have died within the past three years under the Freedom of Information (FOI) Act. Recent deaths are also not included in the SSDI until three years after the date of death. Where You Can Still Access the Social Security Death Index Online

Application task Essay Example | Topics and Well Written Essays - 500 words

Application task - Essay Example There is an example of how to use non-countable noun: Let me give you some advice (not an advice). In this question, 'information' is a non-countable noun, so it does not take plural form, so we need ‘information’. 2. 1) I walk and then take the subway 2) Jack asked about 'every day'. It is a general fact (rountine), so we have to use simple present tense verbs instead of present progressive tense. In general, simple present tense is used for events or situations that exist always, usually, and habitually. We also use the simple present to narrate events in sequence. On the other hand, present progressive tense is used for actions (verbs) that are in progress during a particular time, so actions are still taking place and have not ended yet. The tenses say that an action being before, is in progress during, and contiues after another time or action. In this case, Jack uses ‘every day’ which refers to habitual action – rountine -, so we need ‘wal k’ and ‘take’. 3. 1) It was such a good movie. Or It was so good. 2) ‘Such’ is used when the object being talked about comes after the adjective; hence, ‘such’, followed by a or an, is used before an adjective and noun – for example, such a long time, such a good idea, such a nice guy, such a wonderful day (such+ adjective + noun). When we use ‘such’ with a plural countable noun, we don’t use ‘a’ or ‘an’ after ‘such’.

Race. Race as an Essentialist Concept & Race as a Social Construction Essay

Race. Race as an Essentialist Concept & Race as a Social Construction - Essay Example This paper will give a describe ethnicity and race through the social construction approach and primadialist approach. Social constructionist perspective states that the idea of race, which is best understood as the classification of individuals in terms of skin color, hair or body shape, is a biological concept employed when rationalizing and approving the unjust behavior towards groups of individuals by others. The instrumentalist approach further asserts that, social environments enhance the concept of races. Race only exists as long as it is in the collective agreement, imposition and agreement among people. Even if, race fall short of ontological existence, in the society it is real (Ishiyama & Breuning 218). According to social constructionist approach, ethnicity is viewed to be a contemporary instrumentalist symbol that advances the materialistic interests of different groups. These groups’ composition is subject to change due to competitive opportunities. Through this theory, ethnicity and ethnic groups are inventions or creations by opportunistic elites with the intention of manipulating the concept of ethnicity for their personal gain (Ishiyama & Breuning 222). The essentialist theory is based on the principles that, race is a reflection of essence intertwined in biological genes. It further states that race is an indication of traits or abilities, and it is unchangeable. Race to a primordialist is inborn, and a natural phenomenon which man cannot influence (Spencer 43). The primordialist approach is embedded in the view that ethnicity is a permanent feature which is rooted deeply in all essential experiences and activities performed by groups of persons. The approach asserts that individuals in society are divided on a permanent basis and in a manner that is unchangeable. Ethnic groups according to essentialist perspective are unique units categorized on the concept of a common origin. The concept of a common

Toshiba Company in Malaysia Coursework Example | Topics and Well Written Essays - 2750 words

Toshiba Company in Malaysia - Coursework Example Toshiba is well known among domestic and business circles for products like laptops. After Dell, HP, Accer and Lenovo, Toshiba is the 5th biggest Laptop manufacturer in the world. II. Competitive Forces Model for Toshiba Toshiba’s product range is huge, starting from fluorescent lamps in 1939, Toshiba has come a long way over the past 70 odd years and has proven itself a worthy and tough competitor in almost all of the electronic and electrical industries. Toshiba is a competitor in most of the electronic industries, for example Toshiba manufactures video cameras for domestic use as well as surveillance cameras along with complete surveillance systems. Naturally it is not easy to compete with a company that has such a wide range of products, especially one that is continuing to grow and expand to a point when it will be intimidating and threatening for its competitors. Entrants: Toshiba has a long to do in the mobile market. A great marketing campaign has to be set by the comp any to take the market as Toshiba have in LapTop or computer market. Entry of competitors: it is not easy for a new competitor to enter the market for electronic goods because it is inhabited by organizational giants like Toshiba, Sony, Lenovo and many others. Threats of substitutes: yet again manufacturer substitution is probable but the possibilities are limited to the companies that are fully established with a large number of users who can help convince others to try out their products. Bargaining power of buyers Bargaining power of suppliers Rivalry among the existing players: naturally there is a strong rivalry between Toshiba and its competitors but Toshiba is a high profiled player in this arena. It has been around for quite long time and has continued to expand with time by introducing innovations in its products with a consistency that few can match. III. Competitors When it comes to manufacturing electrical goods, Toshiba has got a large number of competitors all over the world for example Toshiba has got giants like HP, Dell, Lenovo, Casper, Sony, Accer and Compaq as competitors in the manufacturing of PCs and laptops. Toshiba has all sorts of competitors in almost all parts of the world though their types and expertise varies. IV. Customers Toshiba has got a large number of customers all over the world which can be divided into three basic categories. a) Domestic consumers: Toshiba manufactures Laptops and netbooks, Laptop accessories, Televisions, Blue ray players, DVD players, HD camcorders, LED lightings, Air conditioning and heating devices for domesticated environments. b) Business clients: Toshiba manufactures copiers, printers, fax machines, scanners, electronic components, semiconductors, hard disk drives, laptop computers, Surveillance and IP video products, Liquid