MGMT 3320 Study Guide - Final Guide: Profit Margin, Card Stock, Core Competency

• School: University of Guelph
• Department: Management
• Course: MGMT 3320
• Professor: Elliot Currie

Document Summary

Card stock, ink & envelopes purchased @ lowest price for small quantity purchases. Basic summary: primary issue: slow growth vs. fast growth, current strategy is bootstrapping , 2008: ,500/month annual sales of ,000, operated solely by mills with some help from husband. 2007 & 2008 calculations: 2007, /month, x 12 months = ,000. 1600 cards x . 00 to make = : cogs = . 5333 cards x sh. 50 to make = . 5: cogs = . 5, 2008, total cogs = + . 5 = . 5, /month, x 12 months = ,000. 50% of income from wedding invitations & corporate cards: 2800 cards x cost = : cogs = . 9333 cards x sh. 50 cost = . 5: cogs = . 5, total cogs = + . 5 = . 5. There was an expected 50% increase but 2008 showed a 75% increase. You have the information to complete income statements for both years.