Bill's company, Pritchett's Precious Time Pieces, buys, sells, and repairs old clocks and clock parts. Bill sells rebuilt springs for a price per unit of $10. The fixed cost of the equipment to build the springs is $1,000. The variable cost per unit is $5 for spring material. Required: Create a quantitative analysis model to determine the company's profit, and answer the following: 1. How much would the company's profit/(loss) be if they were unable to sell anything? 2. How much would the company's profit/(loss) be if they sold 400 units? 3. How many units do the company need to sell to break-even? ********** .........
Q: What is the centerline (CL) for the x-bar chart? Pick the closest answer. 100 110 120 130 140 150…
A: An X-chart is a model of control chart which considering the process controllability calculation…
Q: xplain the process of identifying hazards and maintaining a risk register to keep track of them.
A: Hazards refer to potential sources of harm or danger, while risk refers to the probability of harm…
Q: Identify and define some problems encountered during the project life cycle.
A: As per the guidelines, I can provide you the answer of first question only. Please post remaining…
Q: Astrophysics or astromedicine. One of thses specialists will be assigned to each of the ten flights…
A: Scheduling is the process of allocating resources (such as time, people, and equipment) to tasks or…
Q: The Admitting Department's costs and the number of patients admitted during the immediately…
A: Find the Calculation methods below:
Q: needed the Max crash time, slope, and the normal project cost calculated/solved
A: Here, as per the question, I would determine the maximum time that can be crashed for each activity,…
Q: 7. A firm sells a perishable product, with a time window for sales limited to 1 month. The product…
A: The company needs to figure out the best number of items to buy in order to maximize the expected…
Q: Customer relationship management (CRM) software has been a huge driving force for ecommerce…
A: Customer relationship management (CRM) is crucial to the success of online retailers. Because of…
Q: Klein Chemicals, Inc., produces a special oil-based material that is currently in short supply. Four…
A: Suppose- xij = amount of units produced by plant node i for customer node j.
Q: Required information Milford Industries provides medical equipment to oncology and surgical units in…
A: Indirect costs (IDC) are expenses that are not directly traceable to a specific product or service…
Q: What would your top considerations of the features/ functionalities of the product that you are…
A: By considering below features and functionalities in the product design, the furniture company can…
Q: This strategy concentrates financial management and control out of a central home base while…
A: Strategic management is the process of defining an organization's goals, objectives, and strategies…
Q: Shop: Milk Tea Provide a snapshot of the business workforce using quantitative and qualitative…
A: Qualitative sources refer to information that is descriptive or explanatory in nature, based on…
Q: Hatch Financial, which recently absorbed another firm, is now downsizing and must relocate five…
A: Find the Given details below: Given details: Analyst Moving cost to Gary Salt lake city…
Q: What kind of decisions do supervisory management make? a. Unscheduled and far-ranging decisions. b.…
A: Supervisory management can be defined as the level of management in charge of managing a company's…
Q: To determine how inventory management affects hospital supply chain dependability, cost,…
A: Planning, regulating, and optimizing the movement and storage of items and resources inside an…
Q: Problem 1 Consider the following LP: min 5x₁ + 4x2 s.t. x₁ + x₂ ≥ 1 2x1 - x₂ ≥ 1 3x2 ≤ 2 x1, x₂ > 0.…
A: Given LP- Min Z= 5x1+ 4x2Subject to-x1+ x2≥12x1- x2≥13x2≤2x1,x2≥0
Q: Both static and path testing metrics should be detailed in detail, as well as the cost savings that…
A: Matrix for static and path testing: Metrics for static and path testing can provide valuable…
Q: Study the supply chain integration of companies operating in Namibia below and identify the TYPE OR…
A: The term "supply chain integration" describes the cooperation of several supply chain participants…
Q: A company hires you to develop a linear regression forecasting model. Based on the company's…
A: The linear regression is determined with following formula: Y = a+bX Given that: a = 1500 b = -25 X…
Q: How are project scheduling models defined?
A: Project scheduling models are methods and techniques used to plan, organize, and manage the…
Q: Assume you are the manager of a shop that assembles power tools. You have just received an order for…
A: Material requirement planning is the process that starts with a schedule of master production that…
Q: The optimal integer solution is to produce LaserStop and SpeedBuster. This solution gives the which…
A: Linear programming (LP) is a mathematical optimization technique that helps solve problems where an…
Q: What are the key considerations when developing a Master Production Schedule for a company that has…
A: Master Production Schedule (MPS) is a plan that outlines the quantity and timing of the finished…
Q: L.P. Model: Maximize Subject to: Z= 8X+6Y 1X+2Y≤8 5X+4Y ≤20 X,Y 20 (C₁) (C₂) On the graph on right,…
A: Given LP- Max Z = 8X + 6YSubject to-X + 2Y≤ 85X + 4Y≤ 20X, Y≥0
Q: Give an overview of agile methods based on yearly surveys and agile product vendor surveys?
A: Agile methods are a collection of project management techniques that place an emphasis on…
Q: Refer to Scenario A. What should the first point on the x-bar chart be? Pick the closest answer. 200…
A: The X-bar chart is a statistical process control (SPC) chart used to track a process's central…
Q: Every project has some level of risks, and a Project Manager must plan for these risks, whether…
A: ANSWER:1 Our organization's OPS (Operations Performance System) initiative, which aims to improve…
Q: Describe a situation where you overcame an obstacle to achieve a goal. it coukd be at work or any…
A: Obstacles are the challenges or barriers that ruin an individual or organization from accomplishing…
Q: Every PC maker struggles to meet consumer demand for high-quality, fast-processing machines at…
A: However, there are a few general strategies that PC makers use to try to meet consumer demand to…
Q: Tulip MMC produces doors in different regions and has 5 shops across the country. Given the…
A: Find the Given details below: Given details: Warehouse Location Customer Shop 1 Shop 2 Shop…
Q: Just what is benchmarking, and how does it function, exactly?
A: The prior performance measures of one's own organisation, a competitor's performance, or the…
Q: Why is global transportation such an important issue in supply chain success?
A: The activity of managing the safe movement of products and services is known as supply chain…
Q: Forecasting Room Congratulations, the design options for the two mobile phone lines have been…
A: Demand forecasting is the method involved with anticipating future demand for an item or…
Q: Does quality management differ from quality control?
A: Yes, quality management and quality control are two different approaches to ensuring quality in…
Q: Give an overview of agile methods based on yearly surveys and agile product vendor surveys?
A: Agile methods are an iterative and collaborative approach to software development that prioritizes…
Q: What is the key distinction between a serial timetable and a schedule that is capable of being…
A: The main difference between serial timetable and a schedule is a capabilty of being serialized. It…
Q: 4, The accompanying dataset provides the closing prices for four stocks and the stock exchange over…
A: Date A B C D Stock Exchange 9/3/2010 127.07 18.54 20.84 15.44 10,536.56 9/7/2010 124.84 18.21…
Q: Using Apple for example: List one idea for your marketing plan project. Include the following…
A: Below is the detailed explanation for the given questions:
Q: How has slack changed for each activity? Has the risk of being late changed? How?
A: Slack is a very popular platform for teamwork that enables users to communicate and collaborate…
Q: Case Discussion Smithfield Custom Furniture (Part 2) As a result of its consultants' wonderful…
A: Smithfield Custom Furniture, a company with a long history of success, has been targeting the…
Q: What role does sustainability play in business trends?
A: The term "sustainability in business" refers to a company's plan and implementation to reduce or…
Q: How can Total Quality Management be implemented in an organization to improve quality and increase…
A: Total Quality Management (TQM) is a management approach that seeks to improve the quality of an…
Q: Show cells in excel with step by step using solver and the sum product function show how to…
A: Suppose-X1 be the funds invested in the bond 1X2 be the funds invested in the bond 2X3 be the funds…
Q: Measurement data have a high when the variation of measurements between operators is small. (a)…
A: Reproducibility is correct option because it has a ability to get same result when a measurement is…
Q: A renowned chocolatier, Francesco Schroeder, makes three kinds of chocolate confectionery, artisanal…
A: Suppose- X be the no. of pounds of chocolate truffles should Francesco makeY be the no. of pounds of…
Q: Can the microcontroller explosion's impact on manufacturing be measured?
A: The impact of the microcontroller explosion on manufacturing can certainly be measured, as it has…
Q: Question 1. Johnson's rule for operations scheduling Maria and Mary are machine operators who…
A: Scheduling is the critical method in which the company's activities are pre-planned to carry out the…
Q: Upper Control Limit (UCL) = inches (round your response to three decimal places). |
A: Control limit charts, also known as statistical process control (SPC) charts or control charts, are…
Q: First, read a Content on Data and How Information Supports Decision Making, paying particular…
A: One example of decision that a manager at regional level in a retail business might make is…
Trending now
This is a popular solution!
Step by step
Solved in 5 steps
- 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?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 should Sharon do in this situation?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?Determine which factor of production is needed in the following problem. 1.The ABM manufacturing Co.hired a gardener.He uses a lawn mower for landscaping.Which factor of production would you consider this machine? 2.The owner of the company withdrew cash for the salaries of thw employees.which factor of production would you consider cash on hand? 3.The top manager of the firm said "the great ideas,consepts and emotional determination of a person to produce something that consumers want to buy" is very important for the company.What factor of production describes the ability to create great ideas? 4.The farmers planted pineapple cutting in the vacant area located in their locality.Which factor of production would you consider a pineapple plantation?
- Franklin Company makes fine jewelry that it sells to department stores throughout the United States. Franklin is trying to decide which of the two bracelets to manufacture. Cost data pertaining to the two choices follow. Bracelet A Bracelet B Cost of materials per unit Cost of labor per unit Advertising cost per year Annual depreciation on existing equipment %24 30 37 43 43 8,800 6,500 7,700 5,900 Required a. Identify the fixed costs and determine the amount of fixed cost for each product. b. Identify the variable costs and determine the amount of variable cost per unit for each product. c. Identify the avoidable costs and determine the amount of avoidable cost for each product.Davidson Corp. produces a single product: fireproof safety deposit boxes for home use. The budgetgoing into the current year anticipated a selling price of $55 per unit. Because of competitive pressures, the company had to cut selling prices by 10% during the year. Budgeted variable costs per unitare $32, and budgeted total fixed costs are $156,000 for the year. Anticipated sales volume for theyear was 10,000 units. Actual sales volume was 5% less than budget. (1) What was the sales pricevariance for the year? (Round your answer to the nearest whole dollar.) (2) Label this variance F(favorable) or U (unfavorable), as appropriateDiscuss the plans that provide for variable incentives linked to a standard expressed as a time period per unit of production.
- Provide a brief explanation of the conceptual relationship between improvements in quality andimprovements in financial performance.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…Tucson Machinery, Incorporated, manufactures numerically controlled machines, which sell for an average price of $0.5 million each. Sales for these NCMs for the past two years were as follows: Use Exhibit 3.10. QUARTER LAST YEAR QUANTITY (UNITS) QUARTER THIS YEAR QUANTITY (UNITS) 1 12 1 16 2 18 2 24 3 26 3 28 4 16 4 18 Find a line using regression in Excel. Note: Round your answers to 3 decimal places. Find the trend and seasonal indexes. Note: Round your answers to 3 decimal places. Forecast sales for next year. Note: Round your answers to 2 decimal places.