What new decisions are available from Year 2 of the MikesBikes simulation?
What new decisions are available from Year 2 of the MikesBikes simulation?
What new decisions are available from Year 2 of the MikesBikes simulation? Gross Margin is Sales Revenue less the Cost of Goods Sold. Product Contribution is a measure of how profitable each of your products was last year by taking your Sales Revenue, Less Cost of Goods Sold to find the product’s Gross Margin.
What are the new decisions available from Year 4 of the MikesBikes Simulation Group answer choices?
What are the new decisions available from Year 4 of the MikesBikes simulation? For each product you must decide on a Sales Forecast (being the number of units you believe you will sell next year) and a Production Quantity decision (being the number of units you need to produce to meet your sales forecast).
In which of the following situations should you increase your sales forecast for the year ahead?
In which of the following situations should you increase your Sales Forecast for the year ahead? Your actual units sold was greater than last year’s Sales Forecast. The Market Summary report lists all the products selling in each market of the industry, comparing each based on key performance metrics.
What did you learn from demand forecasting?
Demand forecasting helps reduce risks and make efficient financial decisions that impact profit margins, cash flow, allocation of resources, opportunities for expansion, inventory accounting, operating costs, staffing, and overall spend.
What does SCU stand for in MikesBikes?
Standard Capacity Units
How do you increase shareholder value in Mike’s bike?
To increase your Shareholder Value you must: Maximize Profitability; Minimize Shareholder Investment; Minimize Debt; and….Strategies to decrease costs:
- Decrease inventory.
- Reduce the Prime Cost of your Product(s).
- Decrease wastage in production.
- Focus on your more profitable products.
What are the main market segments in Mikesbikes single player?
Note: Within the Single-Player there are only two segments in the market: the low cost Leisure segment and the higher cost Adventurer segment. Your company has been operating for one year at a profit.
How much SCU is needed to produce a youth bike?
Example: the standard RC_Rockhopper design requires 0.5 SCU to produce one bike.
How is SCU calculated?
The formula used to calculate your Total Capacity (SCU) is:
- Total Capacity (SCU) = √ (Factory Workforce Capacity SCU * Plant Capacity SCU) This equation allows you to emphasize one form of capacity over another depending on how each approach fits with your strategic plan.
- Example 1.
- Example 2.
- Example 3.
How do you increase SHV on Mike’s bike?
Equity: Buyback your Equity from the Second Rollover onward in installment it help you to increase your SHV. Debt: Pay debt in Installment Second Rollover Onward to increase SHV.