Aqua Man Company manufactures and sells a single product. Planned and actual production in its first year of operation was 100,000 units. Planned and actual costs for the year were as follows: Manufacturing Non-manufacturing Variable P600,000 P500,000 Fixed P400,000 P300,000 The company sold 85,000 units of product at a selling price of P30 per unit. Using absorption costing, the company’s operating profit was Select one: a. P1,020,000 b. P975,000 c. P900,000 d. P750,000
Q: business owner is planning to strategies his company's growth, he can either buy , rent, or lease a…
A: Given information- The probability of business doing good = 0.7 The probability of a slow business…
Q: In the past, Peter Kelle's tire dealership in Baton Rouge sold an average of 1,200 radials each…
A: A seasonal index is how much amendment is required in a period series to adapt to the period of the…
Q: The Gorman Manufacturing Company must decide whether to manufacture a component part at its Milan,…
A: A) Decision tree -
Q: In the past, Peter Kelle's tire dealership in Baton Rouge sold an average of 1,000 radials each…
A: THE ANSWER IS AS BELOW:
Q: Build-Rite Construction has received favorable publicity from guest appearances on a public TV home…
A: a. Maximin Demand for Home Improvements Minimum Values Maximin Criteria(Maximum of these…
Q: firm produces three products , A , B and C , for sale both in the domestic market and in the export…
A: The Projected Profit is the excess of Projected Sales over Projected Production Cost. Project…
Q: A business owner is planning to strategize his company's growth. He can either buy, rent, or lease a…
A: Here the option 2 is correct. Using the Laplace's method the company go for buy decision.
Q: a) The 2-month Simple Moving Average (SMA) forecast for Month 6 would be: A. 565 haircuts B.…
A: In simple moving average, we take forecasted values from the previous two, three or four months as…
Q: B-1. Which is more desirable assuming data are COST Decertaine the course dagram. 90 60 (45) 45 99…
A: Given data: A consultant’s report indicates a 0.20 probability that demand will be low and 0.80…
Q: RDB Company wishes to assign a real estate brokers to one of its 6 sales districts. Based on the…
A: The assignment problem is solved to find out the maximized sales or the minimum cost that the…
Q: In an effort to cut costs and improve profits, many U.S. companies have been turning to outsourcing.…
A: The detailed solution is given in Step 2.
Q: 1. Your parents want to invest in the hospitality business . The profits your parents will get will…
A: Note: Since you have posted multiple parts in the same questions, we will be answering the first…
Q: Build-Rite Construction has received favorable publicity from guest appearances on a public TV home…
A: The method through which different choices are evaluated in a business is referred to as decision…
Q: Mars Incorporated is interested in going to market with a new fuel savings device that attaches to…
A: The question is related to the cash flow in case the outsource the production. In case of ousource…
Q: Franklin Company makes fine jewelry that it sells to department stores throughout the United States.…
A: Fixed cost will be advertising and depreciation. Bracelet A: Advertising cost per year = 8,800…
Q: The Gorman Manufacturing Company must decide whether to manufacture a component part at its Milan,…
A: Given data is Ps1 = 0.35 Ps2 = 0.35 Ps3 = 0.30
Q: An airline decided to offer direct service from City A to City B. Management must decide between a…
A: Thank you for posting the question,As per our guidelines we will be answering the first 3 sub parts…
Q: Hudson Corporation is considering three options for managing its data processing operation:…
A: THE ANSWER IS AS BELOW:
Q: Q_1Al-Amal Factory for Plastic Production Its expected production capacity is 2300 tons, while its…
A: Disclaimer- Since you have asked multiple questions we will solve the first question for you. If you…
Q: 3. A toy manufacturer makes stuffed kittens and puppies which have relatively lifelike motions.…
A: In the question, we could see that there are three alternatives, these are wind-up action, Pneumatic…
Q: ncial, operational, customer, supplier and shareholder interests) are likely to result from an 84%…
A: Forecasting strategies and approaches that might be used to enhance a company's performance have…
Q: The lease of Theme Park, Inc., is about to expire. Management must decide whether to renew the lease…
A: Formula: Answer:
Q: The owner of a small business is considering three options: buying a computer, leasing a computer,…
A: Given data; Alternative State #1 (S1) State #2 (S2) State#3 (S3) A1 4 6 5 A2 7 5 1 A3…
Q: Show Solution): ABC Construction Company is going to decide whether they are going to expand their…
A: As Given data: Pay off table Decision Alternative States…
Q: An Amazon marketplace retailer is planning to rent one of the following three storage spaces for…
A: The minimax regret strategy is the one that limits the most extreme regret. It is helpful for a…
Q: Draw a decision tree for Mr. Sakala indicating all choices and events What decision Mr. Sakala…
A: Below is the solution-
Q: The CEO of Lucky Petroleum Co. has been considering to open a new gasoline statioin. He must decide…
A: Find the Given details below: Given details: Size of Station Good Market Fair Market Poor…
Q: A group of doctors is considering the construction of a private clinic. IF the medical demand is…
A: DECISION TREE: For favorable market - profit of P100,000. For unfavorable market - loss of…
Q: A farmer is trying to decide if continuing to farm is the correct thing to do. Yields on his fields…
A: A decision tree is the decision assistance tool that practices a tree-like pattern of decisions…
Q: Alabama llc collected sales dara for four months, janurary through april. the data is janurary-17,…
A: Note- Hi! Thank you for the question As per the honour code, We’ll answer the first question since…
Q: Joseph owns a medium sized business that has been increasingly successful over the past several…
A: INTRODUCTION: A pension plan is an investment strategy for retirement that offers benefits to…
Q: Myrtle Air Express decided to offer direct service from Cleveland to Mrytle Beach. Management must…
A: The type of service to be provided is the decision that need to be made. The chance event is the…
Q: Based on information which option is the best option for the company?
A: Total revenue is defined as the complete revenues generated through the sale of a company's total…
Q: Blue Sky Corporation is planning to issue $1,000 par value bonds. The bonds will have a coupon rate…
A: Given that: Face Value = $1000 Market Price = $1050 Coupon Rate = 14% Years of Maturity = 15 years…
Q: A rock concert producer has scheduled an outdoor concert. The producer estimates the attendance will…
A: Formula to be used to calculate the profit = Profit = Revenue - Cost
Q: Mike Thatcher is a sales manager for an automobile dealership in Alberta. Mike earns a bonus each…
A: 1. Yes, Mike Thatcher faces an ethical dilemma as a result of the warranty accrual decision because…
Q: 20. The Video Game Supply Company (VGS) is deciding whether to set next year's production at 2000,…
A: Decision making is the process of choosing best decision from all available or possible outcome.…
Q: The number of heart surgeries performed at HeartvilleGeneral Hospital has increased steadily over…
A: Note: - As we can answer up to three subparts, we will answer the first three here. If answers are…
Q: In the past, Peter Kelle's tire dealership in Baton Rouge sold an average of 1,000 radials each…
A: The forecast is as below
Q: Southland Corporation's decision to produce a new line of recreational products resulted in the need…
A: Note: - Since we can answer only up to three subparts we will answer the first three subparts here.…
Q: Candidates A 1st place votes 10 20 40 2nd place votes 20 40 10 3rd place votes 40 10 20 What is the…
A: The Borda count is a set of positional voting guidelines that awards each candidate a certain amount…
Q: The medical team at Birzeit Hospital are not sure whether to buy the COVID-19 vaccine from supplier…
A: Given data: Percent of ineffective vaccines Probability for Supplier A Probability for…
Q: 4. "Family Man," a construction company, is considering whether to bid on a contract for a new…
A: a)
Q: Comfort Plus Inc. (CPI) manufactures a standard dining chair used in restaurants. The demand…
A: Q1 Q2 Demand 3700 4200 DAP 12.50 13.75 $/seat CPI 10.25 $/seat (up…
Q: A company sells its products to wholesalers in batches of 1,000 units only. The daily demand for its…
A: Given data is
Q: Golden Company is in the period of budgeting for 2022. The Sales manager forecasted the number of…
A: Given that: Forecast units to be sold = 30000 units Selling Price = 40 OMR Decrease in Selling Price…
Aqua Man Company manufactures and sells a single product. Planned and actual production in its first year of operation was 100,000 units. Planned and actual costs for the year were as follows:
Manufacturing Non-manufacturing
Variable P600,000 P500,000
Fixed P400,000 P300,000
The company sold 85,000 units of product at a selling price of P30 per unit. Using absorption costing, the company’s operating profit was
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. Ethical decisions that affect a buyers ethical perspective usually involve the organizational environment, cultural environment, personal environment, and industry environment. Analyze this scenario using these four variables.Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What should Sharon do in this situation?
- Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. Is Ben Gibson acting legally? Is he acting ethically? Why or why not?Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?Kwame after his National Service and with no hope of securing a job in the formal sector has decided to run a taxi service. The following forecast has been made for the operation of a service between Abisim and Sunyani. i) Revenue totaling GH¢300 a week for 52 weeks in a year. This is net of fuel and other variable costs. ii) Tyres; four pieces for a year at GH¢120 per unit. iii) Maintenance and servicing; GH¢120 per month. iv) Salaries GH¢3,000 per year v) Insurance GH¢350 per year The net cash flow will increase at 5% per annum for the next five years due to inflation. The cost of the vehicle is estimated at GH¢28,000. The project appears quite profitable based on the NPV criteria using the Government policy rate of 26%. However the banks are offering rates far higher than the policy rate. Required: You are to calculate the break-even rate for the project.
- Q The owner of a small manufacturing business has patented a new device for washing dishes. Before trying to commercialize the device and add it to the existing line of products, the entrepreneur wants reasonable assurance of success. Variable costs are estimated at Rs. 50 per unit produced and sold. Fixed costs are Rs. 4,00,000 per year. A) If selling price is set at Rs. 250, how many units must be produced and sold to break-even? B) Forecasted sales for the first year are 4500 units, if price is reduced to Rs. 150. With this pricing strategy, what would be the product’s profit?Q4/ A taxi owner estimates from his past records that the costs per year for operating taxi whose purchase price when new is 50000 $ and its reseal value are given below: year operating cost 5 reseal value 3 1 2 1500 1700 1900 30000 25000 18000 ثلت 4 2000 15000 After 2 years, the operating cost increasing by 6000 S for each year, the resale value decreases by 3000, what is the best replacement policy?Alar is a manager at Shoeless Joe's Sports Bar and Grill and was approached by a hockey team asking for sponsorship. Sponsorship would mean purchasing 18 jerseys for the team BUT would see the team visit the restaurant on a regular basis. • The EXPECTED RETURNS for the restaurant from these visits would be Gross Sales of $2,000 per year for an expected five years. (Assume the restaurants profit margin on food/alcohol sales is 40%, so USE NET PROFIT of $800 per year for all calculations). Further, the jerseys would have the Shoeless Joe's logo and act as advertising (a goodwill function in accounting), BUT this is not considered in the calculations. Alar remembers something about CLTV in college and wants to calculate the CLTV using different methods on ONLY the future expected business from the team ($800 per year) (ignore advertising or goodwill from the jerseys). Determine: a) The CLTV of the team for "five years" using the "Easy Method". b) The CLTV of the team using the "Simple…
- Kamal Fatehl production manager of Kennesaw Manufacturing, finds his profit at $28,600 (as shown in the statement below) inadequate for expanding his business. The bank is insisting on an improved profit picture prior to approval of a loan for some new equipment. Kamal would like to improve profit line to $38,600 so he can obtain the bank's approval for the loan. Sales Cost of supply chain purchases Other production costs Fixed costs Profit 260,000 169,000 36,400 26,000 28,600 % of sales 100% 65% 14% 10% 11% a) What percentage improvement is needed in a supply chain strategy for profit to improve to $38,600? What is the cost of material with a $38,600 profit? % in supply-chain costs is required to yield a profit of $38,600, for a new cost of supply chain A decrease of purchases of $ (Enter your response for the percentage decrease to one decimal place and enter your response for the new supply chain cost as a whole number.) b) What percentage improvement is needed in a sales strategy…Exercise 1: You are the operations manager at the company Servicios de Salud, Inc., which provides care services to the elderly. An important aspect of your job is ensuring that nursing homes have a healthy inventory of nutritional drinks for residents. Below is the historical demand for the product for one year: Month Historical demand (boxes) Forecasted demand (boxes) January 300 February 340 March 370 April 410 ¿? May 470 ¿? June 570 ¿? July 630 ¿? August 720 ¿? September 640 ¿? October 460 ¿? November 420 ¿? December 390 ¿? a. Calculate the average demand for each period from April to December using the 3-month simple moving average. Presents calculations and findings in a clear and organized manner. b. Discuss any trends or patterns observed in the calculated moving average demand values. c. Make an interpretation of the results and their implications for forecasting…Q-5: A firm A tries to estimate the relationship between demand for its product and income of the consumers. By estimating the relationship, it has been found that B= -0.85. Interpret such a relationship. (4)