Case Analysis-Milton Manufacturing Company Study

Analysis-Milton Manufacturing Company - Case Study Example Issues at Milton Manufacturing Company Companies that face issues must identify them in order to evaluate its effects and to find solutions to resolve the problems. The managers of the company are directly responsible for the performance of the employees and the company as a whole. Resolving problems can help improve the productivity, efficiency, and profitability of a company. Milton Manufacturing Company faces three types of problems. The three types of problems present at the firm are accounting, operational, and ethical issues. The accounting department is responsible for recording, tracking, and monitoring the economic activity of a firm (McGuckin). It is of the utmost importance for accountants to comply with the generally accepted accounting principles (GAAP) and to maintain a high level of ethical conduct by the professionals that practice accounting. The first financial problem that the company faces is that its revenues decreased by 10% in comparison with the previous year. Lower sales results hurt the bottom line of the company by lowering its profitability. Another issue with lower sales is that it can deplete the cash reserves of a firm. A second accounting issue was that the capital expenditures of the company were increasing at a rate of 26%. A third accounting issue Milton Manufacturing Company faced was a reduction in its cash flow position. ... Lower sales results hurt the bottom line of the company by lowering its profitability. Another issue with lower sales is that it can deplete the cash reserves of a firm. A second accounting issue was that the capital expenditures of the company were increasing at a rate of 26%. A third accounting issue Milton Manufacturing Company faced was a reduction in its cash flow position. Cash is the most important assets a company holds because it is used to pay for the short and long term obligations of the company which include payments of payroll, utilities, and debt. The cash flow from operating activities of the company decreased from $1,925,000 to $1,722,000. The firm’s cash outflow from investing activities increased from $1,834,000 to $2,244,000. The only positive activity in the statement of cash flows is that cash from investing activities received an inflow of $168,000 instead of the outflow the firm had the previous year of $376,000. The cash position of the company was ext remely important due to the fact that the company was in the process of obtaining a $20 million loan from Second Bankers Hour & Trust Co. Ann Plokin determined that if the company keeps spending at its current pace it would not be able to pay for the $20 million loan. In order to remedy the situation she implemented a control measure to limit the capital expenditures of the different plants to the 2009 level of expenditures. Milton Manufacturing Company also faced production problems. One of its plant managers, Sammie Markowitz, identified a major operational deficiency in the machinery and equipment of the firm. He notified the problem to the VP of operations. The problem he identified was

Evaluation of Design and Administration of a Questionnaire Essay

Evaluation of Design and Administration of a Questionnaire - Essay Example Generally, the working party was disappointed by the results and had a different pattern of response from those at school. Why the Working Party Members Were Disappointed With the Results The working party members were disappointed with the results because the results did not reflect the actual objectives of the survey. Indeed, the survey was only able to satisfy the objective of what the town’s youth did in their leisure time but failed in satisfying the other objectives. Because of the survey or else the responses to address the objectives, the group’s quest to find out what would capture the interest of the youths in Littlebury town and reduce their boredom was not satisfied. The different pattern of response from the working respondents that suggested that their interests were very different from their counterparts at school only proved challenging to the working party members who aimed at certain objectives different from the working respondents. ... This is because the survey was supposed to define in clarity the activities held at the leisure centre that were patronised by young people in line with the objectives. The time, resources spent on the survey did not rally with the results which is also another source of dissapointment by the working party members. Indeed, the results did notv address the interests of the working respondents as well as the the interests of the working party members on this Littlebury Leisure Survey. A table showing which objective(s) addressed by respective questions in the questionnaire Question Number Objective (s) Question 1 To find out what the people in Littlebury town did in their spare time To find out the frequency of using the available leisure centres in Littlebury town Question 2 To compare leisure activities and preferences for different age groups To assertain the gender and age group attending available leisure clubs Question 3 To find out the most popular sporting activity for the peop le of Littlebury town Question 4 To find out the out the most popular club or society activity in Littlebury town Question 5 To find out the most popular leisure activity amongst all age groups Question 6 To establish what leisure activities they would like to have in town To establish additional leisure activities that people in Littlebury town have Question 7 To establish their potential interest in some of the ideas proposed by the working party Question 8 To establish what leisure activities different people would like to have in town Question 9 To compare leisure activities and preferences of different age groups Question 10 To establish the contact of the respondent Additional Questions That