Case Study Columbus Zoo
Executive Summary
To conserve the planet's biodiversity various organizations need to make donations to fund and design protection plans for the endangered species and environment. It is essential that society make to efforts that stop the negative effects of the rising population. If confronted with the choice of making a $1000 full donation to either the Columbus Zoo and Aquarium because at that dollar amount the donation would have a huge impact.
Columbus Zoo
When the economy and the stock markets in the midst of a turnaround, CFOs are under extreme pressure to make sure that operating costs are leveraged, and cash flows are maximized. Additionally, they are expected to have their finger on the pulse of the information to guess the operating performance with accuracy. These challenges are further put together by the expanded regulatory compliance responsibilities of The Sarbanes-Oxley Act.
The regression analysis shows that p-value<0.05 indicates that the year intercept influences the results significantly. The Entry Fee is also examined. The Entry Fee has a trend of increased power that results are high. The patterns increase once every two years by at least $0.50 for each category. Therefore we must assume that the entry fee will remain the same in 2009. The price will most likely increase by $0.50 for adults and children in the years 2010 and 2011. The group fees had not seen many changes in line with adult and children and hence are kept at an earlier level of $1.50. The calculations show the revenue for 2009 through 2011. The estimates also show an intercept value of -1.8E^7. This is small and is droppable without losing accuracy. Under performance stress from boards and shareholders, CEOs are, in turn, raising the bar for CFOs. They are taking them with aiding to meet today's challenging - yet, to some extent, conflicting - expectations for aggressive growth, while at the same time managing risks and costs.
The CFO is becoming more and more challenging since the job description keeps changing. The 2004 planning time is an excellent opportunity to re-evaluate, re-prioritize and reshape expectations of the multiple hats they wear in the organization. However, regulatory compliance and growth are primary responsibilities; there are roles that the CFO is also striving to balance.
Operational Excellence - Increasing global competitors has most finance principals focused on cutting operating expenditures and headcount, with the main focus being selling, general and administrative (SGc&A) costs. The search for excess costs inevitably begins in their backyard: finance. Finance prices have a percent of revenue for companies are an average of 1.07 percent, yet the world-class performers have made a significant cost advantage, at 0.76 percent of income. Many CFOs are evaluating various sourcing options with the goal of cutting the price of regular transaction processing activities to share services to outsourcing.
Cash flow continues to be a priority, from both a capital management and operating model perspective. One key to better managing money is to gain better visibility into cash …
