Answers
The Reorder Point of FB 378 and GS 131 is 132.71 units and 336.13 units respectively
What is Economic order quantity?Economic order quantity (EOQ) refers to the optimal number of units that a business should buy to satisfy demand while reducing inventory costs including holding costs, shortage costs, and order costs. Ford W. Harris created this production-scheduling model in 1913, and it has undergone numerous revisions since then. Demand, ordering, and holding costs are all considered constant in the economic order quantity calculation. The Economic order quantity formula functions best when demand, ordering, and holding costs are stable across time.
The Economic order quantity has a number of significant drawbacks, one of which is the assumption that customer demand for the company's goods will remain stable over time.
Firstly we need to calculate the Economic Order Quantity (EOQ)
Economic Order Quantity = √ 2× Demand × Setup Cost / Holding Cost
For FB378
Economic Order Quantity = √ 2× (36.85 × 52) × ($35) / ($5 ×0.20) = 366.22 unis
For GS131
Economic Order Quantity = √ 2× (47.69 × 52) × ($15) / ($10.75 ×0.20) = 186.1 unis
Now, calculate Reorder Point using the given formula
Reorder Point = Weekly Demand × Lead Time + z × Standard Deviation of Weekly Demand √Lead Time
For FB378
Reorder Point = 36.85 × 3 + 1.65 × 7.76 √3 = 132.71 units
For GS131
Reorder Point = 47.69 × 6 + 1.65 × 12.37 √6 = 336.13 units
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Question:
Use the available data(in the image) to develop inventory policies (order quantities and reorder points) for FB 378 and GS 131. assume the holding cost is 20% of the unit price. Find Reorder Point for FB 378 and GS 131.
Related Questions
Santoyo Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below:HoursWait time 12.7Process time 1.8Inspection time 0.2Move time 4.4Queue time 6.1The delivery cycle time was:A) 8.3 hoursB) 3.2 hoursC) 37.7 hoursD) 36.3 hours
Answers
Santoyo Corporation meticulously records the time needed to complete orders, which is 36.3 hours.
delivery cycle time=Wait time+Process time+Inspection time+Move time+Queue time
=(12.7+1.8+0.2+4.4+6.1)
which is equal to
=36.3 hours.
Time is the ongoing pattern of existence and things that happen in what seems to be an unbreakable succession from the past through the present and into the future. It is a constituent quantity of many time measurements that are used to compare the lengths of events or the gaps between them, to compare the sequence of occurrences, and to measure the rates at which certain quantities in the physical world or in conscious experience change. In addition to the three spatial dimensions, time is frequently considered a fourth dimension.
Although time has long been a crucial topic for research in philosophy, theology, and science, no definition of time that is universally applicable and free of circularity has ever been reached by academics.
Nevertheless, numerous industries and fields, including those in business, industry, sports, science, and the performing arts.
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dripolator purchases raw coffee beans and then roasts, packages, and sells them. the company is focusing on freshness and quality, as well as on expanding to other markets. which of the following measures would be most appropriate for dripolator to use when focusing on the financial perspective of the balanced scorecard?\
a. number of packaging defects
b. number og employees being trained in grading coffe beans
c. increase in customers in the southeast region
d. annual percent increase in contribution margin
Answers
Best measure for Dripolator to use when focusing on the financial perspective of the balanced scorecard is number of packaging defects. So, the correct answer is (a).
The fundamental requirement for every product is packaging. The product cannot be maintained or transported through one place to another without packaging. The product has an individuality thanks to its packaging.
Consequently, packaging is the act of giving a product a helpful informational covering so that it preserves its product throughout handling, storage, and transportation as well as giving relevant information to all parties involved regardless of the content of the package. Packaging is about more than the attractive face of your goods. Including everything breaking rates during shipping to whether retailers will stock it may be influenced by the appearance of your packaging.
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In a suit against Amber Heard, Johnny Depp obtains an award for damages. This is
an order to do or not do something
a payment of money for a harm suffered
the cancelation of a contract
the right to harm another
Dwyane Wade and Gabrielle Union are in a minor fender bender. Dwyane offers Gabrielle $2,000 if she promises not to sue Dwyane. Gabrielle agrees. Later, Gabrielle discovers that it will cost $1,500 to repair her car and $4,000 to cover the medical expenses for a hidden injury.
If Gabrielle decides to sue Dwyane to recover all of her repair and medical expenses, Gabrielle will most likely recover
half the amount to pay the costs over what Dwayne already paid Gabirel.
nothing
the exact amount to pay those costs and no more.
the estimated amount to pay those costs and any other liability.
Answers
Depp received a $15 million damage award from the judges. Heard's countersuit, in which she claimed she was defamed when Depp's previous attorney called her allegations of domestic abuse a "hoax," was granted $2 million in compensatory damages.
How do compensatory damages work?
Actual damages, commonly referred to as compensatory damages in tort law, are financial awards made by a judge that are equal to the loss a party experienced. A court may alternatively award minimal damages if a party's right was formally infringed but they did not experience any hurt or losses.
In Birdsall v. Coolidge, 93 U.S. 64 (1876), the Supreme Court ruled that "compensatory damages" and "actual damages" are synonymous terms.
The sum granted is determined by the plaintiff's demonstrated harm, loss, or injury. Punitive damages, which may be granted where the defendant's acts were particularly careless or malicious, are not included in this award. A party may still receive punitive damages even after winning compensatory damages.
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Company X and Company Z have established a business arrangement whereby the two firms will cooperate for their mutual benefit. Which of the following has most likely been established?A) competitive advantageB) licensing agreementC) franchising arrangementD) strategic alliance
Answers
If Company X and Company Z have entered into a business agreement whereby the two companies will cooperate for their mutual benefit, this is called a Strategic Alliance
Strategic Alliance: Advantages and Disadvantages
It is a relationship between two or more entities that agree on resources to achieve an objective of shared mutual benefit. Thanks to this, they need fewer resources and the knowledge of both parties can be taken advantage of, however, this implementation can be difficult, since each partner in the alliance has a different way of operating and mistrust can occur, especially when it is involved competitive or private information.
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Prepare the journal entry to record Jevonte Company's issuance of 44,000 shares of its common stock assuming the shares have a: a. $3 par value and sell for $22 cash per share. b. $3 stated value and sell for $22 cash per share. View transaction list Journal entry worksheet 2 Record the issuance of 44,000 shares of common stock assuming the shares have a $3 pavalue and sell for $22 cash per share. Note: Enter debits before credits. Transaction General Journal Debit Credit Cash 770,000 Common stock, $3 par value Paid-in capital in excess of par value, common stock 105,000 665,000 Record entry Clear entry View general journal Prepare the journal entry to record Jevonte Company's issuance of 44,000 shares of its common stock assuming the shares have a: a. $3 par value and sell for $22 cash per share. b. $3 stated value and sell for $22 cash per share. View transaction list Journal entry worksheet 2 Record the issuance of 44,000 shares of common stock assuming the shares have a $3 stated value and sell for $22 cash per share. Note: Enter debits before credits. Debit Credit 770,000 Transaction General Journal Cash Common stock, $3 stated value Paid-in capital in excess of stated value, common stock 105,000 665,000 Record entry Clear entry View general journal
Answers
Debit and credit are both derived from Latin. Debit and credit are derived from the Latin words creditum and debitum, respectively, which indicate "something entrusted to another or a loan" and "what is owing," respectively.
When you add assets, the account change is a debit since you must pay for that increase somehow (the price of the asset). In contrast, a rise in liabilities is a credit because it denotes money you received as a loan from someone else and spent on something (the cause of the corresponding debit in the assets account). Depending on the type of account, the terms debit and credit refer to actual accounting operations that both result in increases and decreases in accounts. Because of this, it would be ineffective to merely use "raise" and "drop" to denote account changes. There are a few ideas on the meanings of the abbreviations DR and CR for debit and credit. According to one idea, the Latin present active infinitives of debitum and creditum, debere and credere, respectively, are where the DR and CR originate.
Another explanation is that DR and CR stand for "debt record" and "credit record," respectively. Finally, some people think that the letters DR and CR stand for "debtor" and "creditor," respectively.
Transaction a
General Journal:- Cash
Debit:- 968000
Credit:-
44000*22
General Journal:- Common Stock, $3 par value
Debit:-
Credit:- 132000
44000*3
General Journal:- Paid in Capital in excess of par value, Common Stock Debit:-
Credit:- 836000
Transaction b
General Journal:- Cash
Debit:- 968000
Credit:-
General Journal:- Common Stock, $3 par value
Debit:-
Credit:- 132000
General Journal:- Paid in Capital in excess of par value, Common Stock Debit:-
Credit:- 836000
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which of the following is not an example of a functional team production team project teams management teams
Answers
Members of a team have fluid roles, thus making it difficult to clearly identify the team's members is not an example of a functional team production team project teams management teams.
Who are the functional teams?Functional work teams are teams at the workplace made up of employees from different organizations that collaborate to achieve a single organizational goal. The accounting division is a good illustration. In functional teams, each team member completes duties related to the department's role.
Functional teams include, for instance, the accounting, human resources, and buying departments.
If all five of the characteristics Lencioni described are utilized to their full potential, a team will function as effectively and efficiently as feasible. Trust, Conflict, Commitment, Accountability, and Results make up a cohesive team.
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When a bank makes a loan:A. It reduces the amount of money in the monetary system
B. It creates a transactions-account balance for the borrower
C. It usually gives the borrower cash
D. It prints additional money for the borrower
Answers
When a bank makes a loan it creates a transactions-account balance for the borrower.
What is loan?A loan is a financial assistance provided by bank based on collaterals. There are different types of loans like personal loan, business loan, house loan etc.
The recipient incurs a debt and is frequently liable for interest charges up until the debt is paid off, in addition to the principle amount borrowed.
Information like the principal amount borrowed, the interest rate charged by the lender, and the due date are frequently included in the documentation demonstrating the debt.
The subject asset(s) are momentarily divided between the lender and the borrower when a loan is issued.
Lending money is one of the main jobs of financial entities like banks and credit card companies.
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Which of the following statements is false?
A. Leachate is a liquid that seeps from solid waste in sanitary landfills.
B. If we reduce the municipal solid waste stream to near zero, there will be no need for sanitary landfills.
C. Hazardous waste is any substance that threatens human health or the environment.
D. Mining is the largest producer of solid waste in the U.S.
E. Green chemistry focuses on source reduction for commercial chemical processes.
Answers
The main source of solid waste in the U.S.E. is mining. Green chemistry focuses on lowering the sources used in industrial chemical processes. This statement is false.
Based on information from the Environmental Protection Agency (EPA). In all, 268 million tonnes of municipal solid garbage were produced in the United States in 2017, a huge rise from 88.1 million tonnes in 1960.
An estimated 1.8 billion tonnes of mineral processing waste are expected to be produced annually in the United States as a result of the mining and processing of mineral ores. Therefore, mining is not the US industry that produces the most solid waste.
The biggest amount of rubbish is reportedly produced worldwide in Canada. Its annual garbage production is predicted to be 1,325,480,289 metric tonnes. given the 36.7 million people who call Canada home.
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Which of the following statements best reflects the relationship between goal setting and job satisfaction? goal setting enhances job satisfaction job satisfaction leads to employees setting more difficult goals goal setting is indirectly and contingently related to employee job satisfaction goal setting impacts involvement in the task which leads to job satisfaction goal setting has nothing to do with job satisfaction
Answers
Goal-setting does not necessarily increase job satisfaction, as claimed.
What exactly is goal setting?Setting goals entails taking initiative to move toward your intended result. Perhaps becoming a teacher, musician, or physical therapist is your lifelong ambition. These fantasies all entail establishing and achieving modest (and large!) goals.
Does setting goals increase job satisfaction?Goal-setting does not necessarily increase job satisfaction, as claimed. Goal-setting, planning, and job happiness all have more intricate relationships than others. Planning and goal-setting affect job happiness by taking into account an employee's level of performance and aspirations.
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What would be the correct order in which the following would be listed on a statement of cash flows?
Cash paid for purchase of land, decrease in inventories, cash paid for dividends
Cash paid for dividends, cash paid for purchase of land, decrease in inventories
Decrease in inventories, cash paid for purchase of land, cash paid for dividends
Decrease in inventories, cash paid for dividends, cash paid for purchase of land
Answers
The correct order in which the following would be listed on a statement of cash flows decrease in inventories, cash paid for purchase of land, cash paid for dividends.
A cash flow is a physical or fictitious movement of funds. In its strictest definition, a cash flow is a payment in money, notably from one central bank account to another.
The word "cash flow" is typically used to refer to payments that are anticipated to occur in the future, are thus unknown, and need to be projected with cash flows. Time t, nominal amount N, currency CCY, and account A all contribute to a cash flow's determination; hence, CF = CF.
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Each competitor has a mix of objectives. The company wants to know the relative importance that a competitor places on all of the following EXCEPT ________.
A) company history
B) current profitability
C) market share growth
D) cash flow
E) technological and service leadership
Answers
The company wants to know the relative importance that a competitor places on all of the following EXCEPT Company history [A].
What do background checks in businesses entail?
A background check is a method that a person or business employs to make sure that a person is who they say they are. It gives you the chance to check and validate the accuracy of someone's criminal history, educational background, work history, and other past activities.
Every competitor has a variety of goals. The business is curious about the proportionate weight that a rival gives to each of the items below, except for Company history.
Therefore, Each competitor has a mix of objectives.
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angie's cupcake shop bought 7-year property furniture in february of year 1 and sold it in may of year 3. the original cost of the furniture was $8,200. assuming angie is using the macrs half-year convention for the furniture, her depreciation deduction in the year of sale will be $
Answers
Angie's depreciation deduction in the year of sale will be $1,640.
Depreciation deduction is an IRS-allowed business expense that allows a business to write off a portion of the costs of certain long-term capital assets over a period of time. The depreciation deduction is intended to reflect the fact that the asset has been used and is losing value over time.
Calculate the depreciation rate using the MACRS table which is 20%.
Calculate the depreciation deduction by multiplying the depreciation rate by the original cost of the furniture.
Depreciation Deduction = 20% x 8,200
Depreciation Deduction = $1,640
Therefore, Angie's depreciation deduction in the year of sale will be $1,640.
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which of these are key strategic decisions that top-level managers must make in crafting a company's diversification strategy?finding ways to leverage cross-business value chain relationships into competitive advantageinvesting the company's resources into the most attractive business unitschoosing new industries to enter and deciding how to enter those industriestaking action to improve the collective performance of all of the company's businesses
Answers
The collective performance of all of the company's businesses:
1. Investing the company's resources into the most attractive business units
2. Choosing new industries to enter and deciding how to enter those industries
3. Taking action to improve the collective performance of all of the company's businesses
4. Finding ways to leverage cross-business value chain relationships into competitive advantage
What is business?
Business refers to the activity of creating, purchasing, and reselling goods in order to support oneself financially. Additionally, it includes "any activity as well as enterprise undertaken for profit." The proprietor of the company is liable and responsible for any debts incurred by the business since the business entity is not legally distinguished from the owner by the use of a business name. In the event that a business accrues debt, creditors may seize the owner's personal property. Corporate tax rates are not permitted in a business structure. All business income is subject to personal taxation for the proprietor. The phrase is frequently used informally to refer to a business, such as a corporation as well as cooperative (but not by lawyers as well as public officials).
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when economists use the term in its broadest sense, it applies to blue and white-collar workers, professional individuals such as lawyers, professors, and dentists, as well as small business owners.
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when economists use the term labor in its broadest sense, it applies to blue and white-collar workers, professional individuals such as lawyers, professors, and dentists, as well as small business owners.
The most evident difference is that white collar employees work in offices, whereas blue collar employees can work everywhere, including on the road, on manufacturing lines, and construction sites. A person who handles professional, office, managerial, or administrative tasks is referred to as a white-collar worker. A workplace or other administrative setting may be used to carry out white-collar employment. Government, consulting, academia, accounting, business and executive management, customer support, design, engineering, market research, finance, human resources, operations research, marketing, public relations, information technology, networking, law, healthcare, architecture, and research and development are all careers that fall under the category of "white-collar workers." The jobs of a grey-collar worker, who has more specialized knowledge than a blue-collar worker, whose work needs manual labor, are among the other forms of work.
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For a given level of money and real GDP, an increase in velocity would lead to an increase in the price level. Select one: True False.
Answers
An increase in velocity would result in an increase in the price level for a given level of money and real GDP. True
According to the quantity theory of money, the amount of money in an economy and the level of prices of goods and services sold have a direct relationship.
We have the phisher equation, which is M * V = P* T.
V denotes the velocity of circulation.
As a result, an increase in V leads to an increase in P, which is the price level.
Money velocity is a measurement of how quickly money is exchanged in an economy. It is the amount of money transferred from one entity to another. Money velocity is also the amount of money that is spent in a given time period. Simply put, it is the rate at which an economy's consumers and businesses spend money collectively.
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Continental Railroad Company is evaluating three capital investment proposals by using the net present value method. Relevant data related to the proposals are summarized as follows:
Maintenance Equipment Ramp Facilities Computer Network
Amount to be invested $774,777 $453,132 $242,493
Annual net cash flows:
Year 1 $321,000 $215,000 $144,000
Year 2 $299,000 $194,000 $99,000
Year 3 $273,000 $172,000 $72,000
Answers
The annual net cash flow is Year 2 $299,000 $194,000 $99,000.
What is cash flow?When calculating the rate of return or value of a project, cash flows are frequently translated into metrics that provide data about, for instance, the value and status of a company. Internal rate of return and net present value financial models both employ the timing of cash flows into and out of projects as inputs. The change in cash balance over the period is equal to the (total) net cash flow of the company for that time, which is commonly a quarter, half-year, or full year. The change in cash balance is positive if it rises (more cash is made available), and negative if it falls. Net working capital is a measure of how much a company spends or earns on short-term assets like inventory.
Year 1 $321,000 $215,000 $144,000
Year 2 $299,000 $194,000 $99,000
Year 3 $273,000 $172,000 $72,000
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Assume the marginal propensity to consume 0.625. Assuming only the multiplier effect matters, ceteris paribus, a decrease in government purchases of $10 billion will shift
a. the aggregate demand curve to the left by about $26.7 billion.
b. the aggregate demand curve to the left by about $36.7 billion.
c. the aggregate supply curve to the right by about $26.7 billion.
d. the aggregate supply curve to the left by about $13.3 billion.
e. none of the above.
Answers
d. Ceteris paribus, a decrease in government purchases of $10 billion will shift the aggregate supply curve to the left by about $13.3 billion.
This is because when there is a decrease in government purchases of $10 billion, it will lead to a decrease in aggregate demand of $10 billion. This decrease in aggregate demand will then cause a decrease in the overall output of the economy.
In turn, this decrease in output will lead to a decrease in the aggregate supply of $13.3 billion (0.625 x $10 billion). Thus, the aggregate supply curve will shift to the left by about $13.3 billion, ceteris paribus.
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the following graph shows the market for donuts in houston, where there are over a thousand donut shops at any given moment. suppose the surgeon general issues a public statement saying that consuming donuts is bad for your health. show the effect of this change on the market for donuts by shifting one of the curves on the following graph, holding all else constant. demand supply price (dollars per donut) quantity (donuts) demand supply
Answers
Constant demand occurs when changes in supply have no effect on the commodity's demand. In the case of inelastic commodities, the supply may rise or decrease, the amount needed remains constant.
The law of supply and demand is an economic theory that describes how supply and demand are connected and how this connection impacts the pricing of products and services. Prices decrease when supply exceeds demand for an item or service, according to basic economic theory. Prices tend to rise when demand exceeds supply.When demand remains constant, there is an inverse connection between supply and pricing of products and services. If supply for goods and services increases while demand remains constant, prices tend to decrease to a lower equilibrium price and a greater equilibrium quantity of products and services.
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the offering's target market, the value created by the offering in this market, and the key attributes of the offering are all defined in the stage of the stage-gate framework.
Answers
A market-product grid offers a framework for connecting different market segments of potential customers with the products being sold or planned marketing initiatives.
Market segments are collections of people gathered with marketing goals in mind. Market segments are divisions of a broader market that often group people based on one or more shared traits. Market segments are subsets of a company's overall market that are influenced by factors such as consumer interests, demography, desires, and behaviours, among others. By segmenting their market, businesses can divide their whole clientele into more manageable chunks. based on their wants and needs, determining the market. Analyse their usage habits, tastes, lifestyles, and demographic data. Consider the market's potential for growth as well as any potential threats your competitors may pose to your company.
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Photon Technologies, Inc., a manufacturer of batteries for mobile phones, signed a contract with a large electronics manufacturer to produce three models of lithium-ion battery packs for a new line of phones. The contract calls for the following Battery Pack PT-100 PT-200 PT-300 Production Quantity 200,000 100,000 150,000 Photon Technologies can manufacture the battery packs at manufacturing plants located in the Philippines and Mexico. The unit cost of the battery packs differs at the two plants because of differences in production equipment and wage rates. The unit costs for each battery pack at each manufacturing plant are as follows: Plant Product PT-100 PT-200 PT-300 Philippines $0.95 $0.98 $1.34 Mexico $0.98 $1.06 $1.15 The PT-100 and PT-200 battery packs are produced using similar production equipment available at both plants. However, each plant has a limited capacity for the total number of PT-100 and PT-200 battery packs produced. The combined PT-100 and PT-200 production capacities are 175,000 units at the Philippines plant and 160,000 units at the Mexico plant. The PT-300 production capacities are 75,000 units at the Philippines plant and 100,000 units at the Mexico plant. The cost of shipping from the Philippines plant is $0.15 per unit, and the cost of shipping from the Mexico plant is 0.08 per unit. (a) Develop a linear program that Photon Technologies can use to determine how many units of each battery pack to produce at each plant to minimize the total production and shipping cost associated with the new contract. Let P1number of PT-100 battery packs produced at the Philippines plant P2 number of PT-200 battery packs produced at the Philippines plant P3 number of PT-300 battery packs produced at the Philippines plant M1number of PT-100 battery packs produced at the Mexico plant M2 number of PT-200 battery packs produced at the Mexico plant M3number of PT-300 battery packs produced at the Mexico plant (a) Develop a linear program that Photon Technologies can use to determine how many units of each battery pack to produce at each plant to minimize the total production and shipping cost associated with the new contract. Let P1 number of PT-100 battery packs produced at the Philippines plant P2 number of PT-200 battery packs produced at the Philippines plant P3number of PT-300 battery packs produced at the Philippines plant M1number of PT-100 battery packs produced at the Mexico plant M2number of PT-200 battery packs produced at the Mexico plant M3number of PT-300 battery packs produced at the Mexico plant Min 1.10 P1.13 P1.49 P3 1.0s M 1.14 OM2 1.23 M3 P2 + M1+ s.t P1+ M3 200000 M3 1o0000 M3150000 17500 P2 + P3 + M1 + M2 + Production PT-100 P1 + P2 + P3 + M1+ M2 + Production PT-200 P1 + P2+ P3+ M1 + M2 + Production PT-300 Capacity Phi PT-100 & 200 Capacity Mex PT-100 & 200 Capacity Phi PT-300 Capacity Mex PT-300 P1 + P2+ M1 + M2+ P1 + P2+ P3 + M1 + M2+ M3 S 160000 P1 + 3M3 75000 P2 + P3 + M1 + M2 + P1 + M3 100000 P2 + P3 + M1 + M2 + P1, P2, P3, M1, M2, M3 2 0 (b) Solve the linear program developed in part (a), to determine the optimal production plan. Qty Produced Phillipines Mexico PT-100 16000c 40000 PT-200 100000 0 5000 1000 PT-300 Total Cost-$ (c) Use sensitivity analysis to determine how much the production and/or shipping cost per unit would have to change to produce additional units of the PT-100 in the Philippines plant. If required, round your answer to two decimal digits At least $ / unit. (d) Use sensitivity analysis to determine how much the production and/or shipping cost per unit would have to change to produce additional units of the PT-200 in the Mexico plant. If required, round your answer to two decimal digits. At least $ .05/ unit.
Answers
a) Linear program model:
Decision variables: Let
P1 = Number of PT-100 products produced at the Philippines plant
P2 = Number of PT-200 products produced at the Philippines plant
P1 = Number of PT-300 products produced at the Philippines plant
M1 = Number of PT-100 products produced at the Mexico plant
M2 = Number of PT-200 products produced at the Mexico plant
M3 = Number of PT-300 products produced at the Mexico plant
Objective: Min (0.95+0.15)P1 + (0.98+0.15)P2 + (1.34+0.15)P3 + (0.98+0.08)M1 + (1.06+0.08)M2 + (1.15+0.08)M3
or,
Min 1.10P1 + 1.13P2 + 1.49P3 + 1.06M1 + 1.14M2 + 1.23M3
s.t.
P1 + M1 ≥ 200,000
P2 + M2 ≥ 100,000
P3 + M3 ≥ 150,000
P1 + P2 ≤ 175,000
M1 + M2 ≤ 160,000
P3 ≤ 75,000
M3 ≤ 100,000
P1, P2, P3, M1, M2, M3 ≥ 0
(b) Solution of the linear program using Excel Solver is as follows solution is in the image:
Formula: H2 =SUMPRODUCT(B2:G2,$B$11:$G$11) copy to H2:H9
Optimal Solution:
Decision Variable Value
P1 40000
P2 100000
P3 50000
M1 160000
M2 0
M3 100000
Total production and shipping cost = $ 524,100
The sensitivity report is as follows is in the image:
Referring to the above sensitivity analysis,
(c) Allowable decrease in the objective coefficient of P1 is 0.04 therefore production and/or shipping cost per unit has to decrease by $ 0.04 to produce additional units of PT-100 in the Philippines plant.
(d) Allowable decrease in objective coefficient of M2 is 0.05 therefore production and/or shipping cost per unit have to be decreased by $ 0.05 to produce additional units of PT-200 in the Mexico plant.
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T/F one of the benefits of contracting with celebrities to endorse the company's brand of athletic footwear is
Answers
True. One of the benefits of contracting with celebrities to endorse the company's brand of athletic footwear is increased brand awareness, which can lead to an increase in sales and profits.
What does Brand Awarness means?
The degree to which customers recognize or recall a brand is referred to as "brand awareness." It is the first step in a customer's purchase journey, and it is determined by a company's marketing efforts. Marketing activities such as advertising, word of mouth, social media, and public relations help to raise brand awareness. A successful brand awareness strategy raises brand recognition and recall, resulting in increased sales and loyalty.
How does Advertising help a brand?
Advertising benefits a brand by increasing brand awareness and visibility. It can be used to create brand loyalty, a strong identity, and a positive overall perception. Advertising can also be used to boost sales, reach new customers, and set a brand apart from its competitors. Furthermore, effective advertising can assist a brand in reaching its intended target audience, strengthening relationships with existing customers, and creating a strong emotional connection with potential customers.
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A permanent life insurance policy where the policyowner pays premiums for a specified number of years is called a(n)
Answers
A permanent life insurance policy where the policyowner pays premiums for a specified number of years is called limited pay policy.
In the limited pay policy, you make recurring payments but for a pre-specified limited period. This duration is lesser than policy term. The life cover remains intact throughout the tenure. Hence, you can pay off your premiums when you have the necessary funds.
Term insurance is appropriate for someone wo. Term insurance is appropriate for individuals seeking temporary protection and lower premiums.
This plan ensures that you are covered for a longer period, even in case when you stop paying your regular premiums.
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T/F if the debtor offers to pay the debt owed to a creditor but the creditor refuses the tender, the surety remains obligated on the debt.
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The statement given is true. If the debtor offers to pay the debt owed to a creditor but the creditor refuses the tender, the surety remains obligated on the debt.
What is surety?A surety is a party or person who assumes the responsibility of paying the debt in case the debtor policy defaults or is unable to make the payments. A surety is generally used in contracts where one party's financial holdings or well-being are in question and the other party wants a guarantor.
Those debts are owed by and paid from the deceased person's estate. By law, family members do not generally have to pay the debts of a deceased relative from their own money. If there isn't enough money in the estate to cover the debt, it usually goes unpaid. But there are exceptions to this rule.
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GROUP ACTIVITY 2
In 2015, the US retailer Wal-Mart experienced a rise in total revenue, but was predicting a fallin
profit. A company spokesperson said the firm was seeking to reduce stock levels and expected
the demand to increase in the future.
a How can total revenue rise but profits fall?
b Explain:
i how a reduction in stock levels could increase profit
ii
one way a firm could increase demand.
Answers
a) It is possible for total revenue to rise but profits to fall if the cost of goods sold or operating expenses increase faster than the increase in revenue. For example, if a company experiences an increase in sales but also has to pay more for the goods it is selling or has higher operating costs, this could lead to a decrease in profits even if total revenue is rising.
b)
i) A reduction in stock levels could increase profit in a few ways. First, it can reduce the cost of holding inventory, which includes the cost of storage and the cost of capital tied up in inventory. Reducing inventory levels can also help a company avoid having to mark down prices on excess or slow-moving inventory, which can have a negative impact on profits.
ii) One way a firm could increase demand is by implementing marketing and advertising campaigns to increase awareness of its products and services. This could include advertising in various media, such as television, radio, print, or online, as well as promotional activities such as sales or discounts. A company could also focus on improving the quality or value of its products and services in order to make them more appealing to consumers. In addition, a company could explore new markets or expand its distribution channels in order to reach a larger customer base.
Direct mail is least effective as a sales technique when
a. It includes offers such as discounts, coupons, and premium items to add perceived value
b. it is targeted
c. one generic piece is distributed to a mass audience
d. the sport organization spends valuable time measuring and testing its effectiveness
One generic piece is distributed to a mass audience
Answers
Direct mail is least effective as a sales technique when One generic piece is distributed to a mass audience.
Which of the following is a drawback of direct marketing?When the recipient receives a lot of marketing emails or direct mail, it can be challenging to make your messaging stand out. Cost: Strategies like telemarketing and direct mail could be very expensive in terms of money and resources. Legal concerns: Direct marketing is subject to rules governing data protection and privacy.
Identifying your positioning—the one thing your firm stands for to customers—is the first step in creating brand equity. The key word in this sentence is single. A strong position requires difficult decisions. Bring together the top company leaders to determine your brand's position.
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in this question, you'll explore the effect of a bad crop in vermont on the price of blueberries in the united states, as well as on the daily wages of blueberry pickers in florida. assume that blueberry buyers don't care whether their blueberries come from vermont or florida.
On the following graph, show the effect the bad crop in Vermont has on the market for blueberries in the United States by shifting either the demand curve, the supply curve, or both.
Answers
The price of blueberries in the US can climb in direct relation to a drought in Vermont. The effects of a drought in Vermont will also be felt by the blueberry workers in other parts of the country, such as Florida.
For blueberry pickers who still have fruit to gather that is selling at higher prices, the increase in prices may translate into higher daily pay.
The graph below depicts the impact of Vermont's abundant production on the country's blueberry market.
The supply curve is a visual representation of the relationship between the price of an item or service and the volume delivered over a specific time period. The quantity supplied will be displayed on the curve.The horizontal axis of the supply curve will show the quantity supplied, while the left vertical axis will show the price. The amount of a resource that businesses, producers, workers, suppliers of financial assets, or other economic agents are willing and able to offer to the market or to a specific person is referred to as supply in economics.
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OMI is planning to build a new branch on land it already owns. The land was purchased several years ago for $250,000. Recently, OMI was offered $ 350,000 for the land. OMI estimates that if they build the branch, it will create NPV = $400,000. OMI did not consider the valued in this NPV calculations. Given this information, what is the opportunity cost to OMI of building the proposed branch?
Answers:
a. $400,00
b. $50,000
c. $350,000
d. $100,000
e. $250,000
Answers
The opportunity cost to OMI of building the proposed branch is $50,000.
What is opportunity ?A business opportunity, also called a bizop, is the opportunity to take advantage of market events to start a business.It is a kind of favorable condition that exists in the market. Depending on the business opportunity, some businesses will succeed and others will fail. Opportunities are doors or opportunities to something positive, but you must claim it for yourself! there is. They may arise from developments in the markets you serve or the technologies you use. Opportunity is usually defined as a situation in which a product or service can be sold at a price higher than the cost of manufacturing it. A “business opportunity” is therefore a situation in which an entrepreneur can take action to make a profit.To learn more about opportunity from the given link :
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Sako Company’s Audio Division produces a speaker that is used by manufacturers of various audio products. Sales and cost data on the speaker follow:Selling price per unit on the intermediate market $ 140Variable costs per unit $ 122Fixed costs per unit (based on capacity) $ 8Capacity in units 25,000Sako Company has a Hi-Fi Division that could use this speaker in one of its products. The Hi-Fi Division will need 5,000 speakers per year. It has received a quote of $137 per speaker from another manufacturer. Sako Company evaluates division managers on the basis of divisional profits.Required:1. Assume the Audio Division sells only 20,000 speakers per year to outside customers.a. From the standpoint of the Audio Division, what is the lowest acceptable transfer price for speakers sold to the Hi-Fi Division?b. From the standpoint of the Hi-Fi Division, what is the highest acceptable transfer price for speakers acquired from the Audio Division?c. What is the range of acceptable transfer prices (if any) between the two divisions? If left free to negotiate without interference, would you expect the division managers to voluntarily agree to the transfer of 5,000 speakers from the Audio Division to the Hi-Fi Division?d. From the standpoint of the entire company, should the transfer take place?
Answers
The department that handles the production of goods and services is known as the manufacturing department. It is the department in price of supplying the products and services that customers want to buy.
A. Audio Division has a spare capacity of 9000 speakers if it is currently only selling 49,000 speakers per year to external clients at the stated $43 price.
From the standpoint of the audio division, the lowest allowable transfer price is equal to the variable cost per speaker.
= $20
b. The highest transfer price that the Hi-Fi Division will take is $35 per speaker for the marker price from an outside source.
c. $20 to $35 is the permitted transfer price range (if any) between the two divisions.
Yes, it is conceivable that the executives of the Audio and Hi-Fi Divisions will willingly accept a transfer price for 9,000 speakers.
d. This transfer should happen, both from the perspective of the company and the individual.
Choice 2:
The lowest transfer price that Audio Division will accept is the selling price, or $43 per speaker, if it can sell all of its speakers to outside clients for that amount.
b. The highest transfer price that the Hi-Fi Division will accept is $35 per speaker at market value from an outside provider.
c. The permissible price range between the two divisions (if there is one) cannot be determined because the lowest acceptable price for the audio division is higher than the highest acceptable price for the Hifi division.
It is unlikely that the manager of the Audio and Hi-Fi division will willingly accept the transfer price for 9,000 speakers.
d. This transfer should not happen from the perspective of the entire organization as well.
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firms that follow a single-business or dominant-business strategy at the corporate level generally employ a structure.
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Firms that follow a single-business or dominant-business strategy at the corporate level generally employ a functional structure .
Firms pursuing a single or dominant business strategy demonstrate a lower level of decentralization. A single company is one where 90% or more of its revenue comes from the dominant company. A dominant company is one that derives between 70% and 95% of its revenue from a single category.
What is the dominant business strategy?A dominant business strategy defines how a company approaches production, marketing, and service. Owners emphasize certain strategies while downplaying other approaches.
What is Single Segment Strategy?Single Segment Strategy – Also known as Focus Strategy. Market segments (not entire markets) are provided with the marketing mix. For small businesses with limited resources, the single segment approach is often the strategy of choice.
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a business has created a(n) containing the purchasing records of more than one million customers who have purchased products from them. it can be used to help the marketing department target programs to spur new purchases.
Answers
Sales merchandising may be used to assist the advertising branch goal applications to spur new purchases.
The required details for sales promotion in given paragraph
Sales merchandising is one of the factors of the promotional blend. The number one factors withinside the promotional blend are advertising, private selling, direct advertising and publicity/public relations. Sales merchandising makes use of each media and non-media advertising communications for a pre-determined, restrained time to growth patron call for, stimulate marketplace call for or enhance product availability. Examples include contests, coupons, freebies, loss leaders, factor of purchase displays, premiums, prizes, product samples, and rebates. Sales promotions may be directed at both the customer, income staff, or distribution channel members (such as stores). Sales promotions centered at the patron are called patron income promotions. Sales promotions centered at stores and wholesale are called alternate income promotions.
Sales merchandising consists of numerous communications sports that try to offer brought cost or incentives to consumers, wholesalers, stores, or different organizational clients to stimulate instantaneously income.
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