Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

its not 60,600 or 51,600 either so im confused Measure Maps Silver Lining Inc. has a balanced Scorecard with a strategy map that shows that

its not 60,600 or 51,600 either so im confused
image text in transcribed
Measure Maps Silver Lining Inc. has a balanced Scorecard with a strategy map that shows that delivery time and the number of erroneous shipments are expected to affect the company's ability to satisfy the customer. Further, the strategy map for the balanced scorecard shows that the hours from ordered to delivered affects the percentage of customers who shop again, and the number of erroneous shipments affects the online customer satisfaction rating. The following information is also available: The company's target hours from ordered to delivered is 30. Every hour over the ordered-to-delivered target results in a 0.5% decrease in the percentage of customers who shop again. The company's target number of erroneous shipments per year is no more than 75. Every error over the erroneous shipments target results in a 0.50 point decrease in the online customer satisfaction rating and an added future financial loss of $600. The company estimates that for every 1% decrease in the percentage of customers who shop again, future profit decreases by $4,000 and market share decreases by 0.3%. The company also estimates that for every 1 point decrease in the overall online customer satisfaction rating on a scale of 1 to 10), future profit decreases by $4,000 and market share decreases by 0.6%. Using these estimates, determine how much future profit and future market share will change if: Average hours from ordered to shipped is 26.5. Average shipping time (hours from shipped to delivered) is 14.3. Number of erroneous shipments is 90. Total decrease in future profit $ 60,600 x Round your answer to two decimal places. Total decrease in future market share 6.12 X % Feedback

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting The Cornerstone Of Business Decision-making, , (6 Months)

Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

7th Edition

1337115924, 9781337115926

More Books

Students also viewed these Accounting questions

Question

How would you approach this unit?

Answered: 1 week ago

Question

What is Larmors formula? Explain with a suitable example.

Answered: 1 week ago

Question

Describe factors that influence training and development.

Answered: 1 week ago

Question

Identify some training issues in the global context.

Answered: 1 week ago