A company that operated 10 hours a day manufactures two products on three sequential processes. The following table summarizes the data for the problem: Product 2 Process 1 10 5 Process 2 20 Process 3 8 10 Unit Profit 20 30 minutes
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- A firm has redesigned its production process so that it now takes 10 hours for a unit to be made. Using the old process, it took 15 hours to make a unit. If the process makes one unit each hour on average and each unit is worth $1,500, what is the reduction in work-in- process value?Alphonse donates a fair amount of money to various charities each year. He wants to know that his money is actually going to do the charity work, though. Suppose that 90% of the charities that he donates to are probably reputable and 10% are probably not. Also, suppose that 80% of the money that goes to the real charities ends up actually being used for the charity work, while 20% goes to administrative costs. If he donates the same amount to each charity, then what percent probably goes to actual charity work? 72| % SUBMIT ANSWER O ASK FOR HELP TURN IT IN to search 344 111 80 Y U D H. VIf an investment decreases 1% the first year, 6% the second year and 9% the third year, what is the "average" percent decrease? (Enter answer as a percent, rounded to 1 decimal place). Remember two things. First, percentages are applied using multiplication, so you cannot just add the 3 numbers together and divide by 3. Also, percent increases and decreases result in "percent of" so the factors in the multiplication are NOT the percent decreases, but the "percents of". You have to start by finding the geometric mean of the "percents of" and then use that to give the "average" percent decrease.
- The production of polyamide from raw materials of plant origin, such as castor oil, requires 20% less fossil fuel than conventional production methods. Darvon Chemicals borrowed $6 million to implement the process. If the interest rate on the loan is 10% per year (on unrecovered balance) for 10 years, what is the amount of interest for year 2? Also, write the spreadsheet function that displays this same amount.Accounting procedures allow a business to evaluate their inventory costs based on two methods: LIFO (last in first out) or FIFO (first in first out). A manufacturer evaluated its finished goods inventory (in $000s) for five products with the LIFO and FIFO methods. To analyze the difference, they computed FIFO − LIFO for each product. We would like to determine if the LIFO method results in a lower cost of inventory than the FIFO method. Product FIFO (F) LIFO (L) 1 225 221 2 119 100 3 100 113 4 212 200 5 248 245 What is the null hypothesis? Multiple Choice H0: µd = 0 H0: µd ≠ 0 H0: µd ≤ 0 H0: µd ≥ 0Accounting procedures allow a business to evaluate their inventory costs based on two methods: LIFO (last in first out) or FIFO (first in first out). A manufacturer evaluated its finished goods inventory (in $000s) for five products with the LIFO and FIFO methods. To analyze the difference, they computed FIFO − LIFO for each product. We would like to determine if the LIFO method results in a lower cost of inventory than the FIFO method. Product FIFO (F) LIFO (L) 1 225 221 2 119 100 3 100 113 4 212 200 5 248 245 a) What are the degrees of freedom? A) 4B) 5C) 15D) 10 b) If you use the 5% level of significance, what is the critical t-value? A) +2.132 B) ±2.132 C) +2.262 D) ±2.228 c) What is the value of calculated t? A) +0.933 B) ±2.776 C) +0.47 D) −2.028 d) What is the decision at the 5% level of significance? A) Fail to reject the null hypothesis and conclude LIFO is more effective. B) Reject the null hypothesis and conclude…
- Set up an equation for the taxGiovanni Food Products produces and sells frozen pizzas to public schools throughout the eastern United States. Using a very aggressive marketing strategy they have been able to increase their annual revenue by approximately $10 million over the past 10 years. But increased competition has slowed their growth rate in the past few years. The annual revenue, in millions of dollars, for the previous 10 years is contained in the Excel Online file below. Construct a spreadsheet to answer the following questions.The Gotham City Police Department employs 30police officers. Each officer works 5 days per week. Thecrime rate fluctuates with the day of the week, so the numberof police officers required each day depends on which dayof the week it is: Saturday, 28; Sunday, 18; Monday, 18;Tuesday, 24; Wednesday, 25; Thursday, 16; Friday, 21. Thepolice department wants to schedule police officers tominimize the number whose days off are not consecutive.Formulate an LP that will accomplish this goal. (Hint: Havea constraint for each day of the week that ensures that theproper number of officers are not working on the given day.)
- If an investment increases 1% the first year, 5% the second year and 9% the third year, what is the "average" percent increase? (Enter answer as a percent, rounded to 1 decimal place). Remember two things. First, percentages are applied using multiplication, so you cannot just add the 3 numbers together and divide by 3. Also, percent increases and decreases result in "percent of" so the factors in the multiplication are NOT the percent increases, but the "percents of". You have to start by finding the geometric mean of the "percents of" and then use that to give the "average" percent increase.Accounting procedures allow a business to evaluate its inventory costs based on two methods: LIFO (last in first out) or FIFO (first in first out). A manufacturer evaluated its finished goods inventory (in $000s) for five products with the LIFO and FIFO methods. To analyze the difference, they computed FIFO minus LIFO for each product. We would like to determine if the LIFO method results in a lower cost of inventory than the FIFO method. The company wishes to test this hypothesis at the 0.05 level of significance. Product FIFO (F) LIFO (L) 1 229 220 2 122 102 3 103 114 4 214 203 5 252 247 What is the value of the test statistic? Multiple Choice +1.338 ±3.181 +0.87 +2.537Autumn has a smart phone data plan that costs $50 per month that includes 9 GB of data, but will charge an extra $10 per GB over the included amount. How much would Autumn have to pay in a month where she used 3 GB over the limit? How much would Autumn have to pay in a month where she used went over by x GB? Total cost when over by 3 GB: Total cost when over by x GB: Submit Answer attempt 1 out of 2