Chapter 9 exercises 1. The 3Ps in practice - Purpose Restaurant Feedback Questionnaire All responses are confidential and anonymous. Name - Age - Sex - Occupation - Phone/Email - Address - 1. When you think of “desserts”, what foods typically come to mind? 2. What is your favorite dessert from our menu? 3. How often do you eat desserts, when dining with us? Every time Sometime Never Don't remember 4. What desserts do you normally buy from our menu? (Check all that apply) Cake/Mousse cake Ice cream Chocolate bar Pie Rice pudding Cookie …show more content…
The total enrollment is 27,511 Reference: East Carolina University. (2016). Retrieved September 4, 2016, from http://colleges.usnews.rankingsandreviews.com/best-colleges/east-carolina-university-2923 g. What is the market outlook for frozen yogurt stores nationwide? Ans. Frozen yogurt stores are expanding nationwide. The total number of frozen yogurt stores in the United States is estimated to be 820 and the annual sale of frozen yogurt is estimated to be $194,910,000. Approximately 79% of people prefers frozen yogurt over other deserts. Therefore, it is a good market to invest in. Reference: Harden, S. (2016). Frozen Yogurt Industry Statistics. Retrieved September 04, 2016, from …show more content…
What is the most current journal or newspaper article you can find on this topic? Ans. Most current article that I could find is frozen yogurt Industry Statistics-Statistic Brain Reference: Harden, S. (2016). Frozen Yogurt Industry Statistics. Retrieved September 04, 2016, from http://www.statisticbrain.com/frozen-yogurt-industry-statistics/ 18. Determine which type of visual is best. a. To show the daily sales for your small computer business. Line Chart because it will shows the sales trend over time. b. To show the proportion of your budget spent on each of the four fixed costs for your company during the year. Pie Chart because it will show how the total budget is divided between the four fixed costs. c. To show the results of six survey questions asking people's opinion regarding the economy. Table because the data for the survey can be properly tabulated. d. To show the comparisons of the first quarter's net sales for department A, B, and C. Bar chart as it will help to compare the first quarter's net sales for departments A, B and C. e. To show the locations of your international offices. Map as it will help to easily locate the international offices. f. To show total sales by region and the percentage of increase or decrease from the previous
Everyone is looking for better and healthier life! People today pay more and more attention to the food they eat, they want it to be healthy and tasty, on the other side modern life is so dynamic and eventful, that the food must be fast. So you need to come up with something that will support all these needs. The great solution is Frozen Yogurt. It is a refreshing, savory dessert that combines the flavors and textures of ice cream and sherbet. Frozen yogurt is a new-comer in the dessert market. Nevertheless, “the history of frozen desserts dates back thousands of years to Asia where water ices were first made.’’ (wiki) Yogurt was brought to the U.S. in the early 1900s and steadily increased in popularity as a health food item over the next several decades. By the 1970s, with the popularity of ice cream technology was transferred to the production of frozen yogurt. But it’s entry into the dessert market was a distinct failure—consumers complained that it tasted too much like yogurt. Relaying on consumer demand for a sweet product that tasted like ice cream, TCBY opened its first store in 1981. The highest popularity comes to Fro-yo by the mid 1990s. But in the late 1990s as Americans turned their attention to high-protein, high-fat diets, demand for frozen yogurt slowed considerably. Low-fat foods such as frozen yogurt fell out of favor as food trends preferred higher fat and lower cost ice cream at the turn of the millennium. Trends changed back to frozen yogurt in the mid 2000s with the advent of live probiotic powder-based mixes. Over the last decade the production of frozen yogurt has grown multi-million dollar business with dozens of competing companies.
Table C projects the break even analysis in both units and dollars as a basis for further projections. As seen in Table C substantially larger sales are required to break even.
[4] Colin Drury, Management and Costing Accounting, (7th edition), Chapter 3, Cost Assignment, p. 54-59
This exercise lets us determine what percent of the divisions’ A&P budget is dedicated to Oscar Mayer vs. what percent of the divisions operating income comes from OM vs. LR.
o The remaining $125,000 up front charge would not be owed until ICEDELIGHTS provided one acceptable location and the lease was signed
1) Total Variable Costs are 60% of Total Costs; While the other 40% are from fixed costs.
5. Conduct an analysis of the company’s sales efforts, especially regarding the cultivation of customer relationships.
I will be comparing five types of financial ratios through statement of comprehensive income and balance sheet, as follows:
The sales director proposed that if the firm were to reduce the price of Item 345 to FF15.00/m, they would be able to increase sales to 175,000 units (or 25% of industry volume). But if they were to keep the price at the current value of FF20.00/m, they would be able to sell not less than 75,000 units (or 11% of industry volume).
San Jose Mercury News (San Jose, CA). 05 Jan 2010: n.p. SIRS Issues Researcher. Web.
for a product over a period of time. It shows the revenue by a product
Quantitative plans are called budgets. Budgets are prepared to impose cost controls on the activities of an organization (Chenhall, 1986).Budgets are then used to evaluate the performance of the management and budget itself is considered as a standard to evaluate the performance Solomon, 1956). The purpose of the budget is also to implement the strategy of the organization and communicate it to the employees of the organization Rickards (2006). The change in the external environment has led to the change in the budgeting approaches from the initial cash based budgets to the zerio based budgets (Bovaird, 2007).
I have used this journal as a source to many of my researches before and I find them to be very reliable. Statistics stated in this particular article are well sourced, and I have not discovered any sourcing errors, as well as grammatical errors. This source is not objective, but it is not as biased as some of the other articles I have come across on the same topic. I do not believe that the article’s lack of objectivity takes away from its credibility. All of the claim are well documented, and the goal of this article is to bring light to the issue.
right places to get maximum exposure to potential customers? This would also include the suitability of the marketing and launching. of the product or service. The acceptability of the product, whether the risk of launching this product is acceptable to the company. The feasibility whether the product will work within the existing ice cream market.
One of the most popular types of charts is the pie chart. The pie chart is used to visually represent the proportional value of individual parts to the whole. As the name describes, this is done by representing the numerical equivalence of each part as a piece of the whole pie, which in total equates to 100%. The Pennsylvania Department of Health (2001) says that pie charts are a good choice when a relatively small amount of parts, perhaps 3 to 7, need to be represented. With any more it becomes difficult to notice the differences in magnitude; thus, the pie chart loses its simplicity and impact. They can only be used when a total amount is known, one such example would be an election where the total of votes received by all candidates equals 100% of the votes. Or a budget where the total amount spending is divided in to categories such as labor, facilities costs, advertising, etc… which always are a part of the total. However, according to McBride (2003), the pie chart could not be used to show a change in spending through out a period. A pie chart shows data at one instance, like a snapshot and cannot be used to show change in data over time (para. 4). With the advent of computers, 3D graphs have become somewhat popular, unfortunately a negative aspect is that they add complexity to the image and can distort visual proportional value. It is recommended to stick with flat “2D” charts (para. 6).