Complete SWOT and STRATEGY
Marketing Analysis Associates produces a marketing report that includes survey results and forecasting data; however, the report may not be available every quarter. How much does the report cost if it is available: Right answer is: $5,000
How many pick-up cells does each unit of a finished reader require? Right answer is: One
How many inspection lines will the current facility accommodate? Right answer is: 25
The credit line limit is just a guideline; it is acceptable to exceed the credit limit. Right answer is: False
Net income to date for Hisco has always been positive. Right answer is: False
What is the current margin that your distributor charges the customer for the reader? Right answer is: 10%
How long should Hisco plan for between placement of an inspection line order, and installation of the lines? Right answer is: Three months
Your current terms with Hamada are Cash on Delivery (COD). True
What does Planned Time represent? Right answer is: The time it takes to produce one unit assuming labor effectiveness is at 100%
How much cash does Hisco currently have on the Balance Sheet? 0
What is the minimum credit line available to Hisco? Right answer is: $425,000
How much common stock is outstanding with Hisco when you become part of the management team? $305,000
What is Hisco’s current tax rate? Right answer is: 50%
What is the current quarterly capacity for each inspection line? Right answer is: 250
How many inspection lines does Hisco currently have installed? Right answer is: Six
What is the maximum % you may raise or lower price in a quarter? Right answer is: 20%
How many projects were evaluated in the R&D feasibility study for potential New Product Introductions (NPIs)? Right answer is: Three
How many competitors currently exist in the reader market (not including Hisco)? Right answer is: Two
Sales of number of Finished Goods have increased every quarter since Q1 2019. True
How often will labor rates increase? Right answer is: Semi-annually
According to Stall Brick, what will happen to expected benefits if Lean Six Sigma spending is erratic? Right answer is: There will be little or no benefit realized
Which of the following is NOT a potential production bottleneck for Hisco at this time? Right answer is: The size of the factory
Your current terms with Hamada are Cash on Delivery (COD). True
What are the main effects of Lean Six Sigma expense? Right answer is: To reduce production costs and reduce planned time
Project 1, Process Simplification, has already been funded last quarter by the prior management team. Right answer is: False
What is the current margin that your distributor charges the customer for the reader? Right answer is: 10%
It takes approximately 90 days for an employee to become fully effective. Right answer is: False
What is the annual capacity per inspection line, as they are currently developed? Right answer is: 1000
Ferris Futrell, the Finance Manager, feels that the discretionary budget developed in Nov 2020 is sound and should be kept as is. Right answer is: False
What is the maximum number of lines you can have installed in one quarter? Right answer is: Five
The reader industry is in the growth stage, with future sales expected to significantly increase? True
What is Hisco’s main strength? Right answer is: Engineering
The prior management team has begun investing in an R&D project. True
How much PP&E (Property, Plant, and Equipment) does Hisco currently have on its Balance Sheet? Right answer is: $0
If there is a shortage of capacity to meet a company’s demand, what happens to the unfulfilled demand? Right answer is: Hisco loses all unfulfilled demand
Although Hamada is your main supplier of pick-up cells, there are currently other suppliers you may purchase cells from. Right answer is: False
How many quarters did the prior management team run the company? Right answer is: Eight
The Hisco company’s inventory categories are Raw Materials, Work in Process, and Finished Goods. False
How many times did the prior management team exceed the line of credit? Right answer is: One
It usually takes 90 days from the day you place your order until you receive the pick up cells from Hamada. True
What is the market share target from the Marketing Manager for Hisco for the end of 2021? 36%