Burton Co., based in the United States, considers a project in which it has an initial outlay of $2 million and expects to receive 8 million Swiss francs (SF) in one year. The spot rate of the franc is $0.82. Burton Co. decides to purchase put options on Swiss francs with an exercise price of $0.80 and a premium of $0.02 per unit to hedge its receivables. It has a required rate of return of 19 percent. 1. Determine the net present value of this project for Burton Co. based on the forecast that the Swiss franc will be valued at $0.74 at the end of one year. Do not round intermediate calculations. Round your answer to the nearest dollar. $ 2. Assume the same information as in part (a), but with the following adjustment. While Burton expected to receive 8 million Swiss francs, assume that there were unexpected weak economic conditions in Switzerland after Burton initiated the project. Consequently, Burton received only 4 million Swiss francs at the end of the year. Also assume that the spot rate of the franc at the end of the year was $0.81. Determine the net present value of this project for Burton Co. if these conditions occur. Do not round intermediate calculations. Round your answer to the nearest dollar.

The platters, a rock-and-roll group that had many hits in the late 1950s, has undergone many personnel changes since that era. However, a group performing under that name is still touring the country giving concerts. The group would like to stop in Detroit, Michigan, on its current tour. An “oldies” radio station, WDMI, is in charge of making the arrangements.   The station has listed activities that must be completed prior to the concert in the table. Times are in weeks. Use PERT/CPM to find the critical path.

In addition to the written materials discussed in the previous question, what else should the supervisor do to orient new letter carriers? Carol Burgess is a letter carrier and a part-time trainer of letter carriers for the U.S. Postal Service in a major city on the west coast. She trains all new letter carriers in her service area, which encompasses the northern half of her state. Over the past five years she has trained 318 new letter carriers. Typically, the training is offered prior to the new letter carrier’s entry onto the job, although sometimes it occurs shortly thereafter. The training program typically encompasses both the orientation of new employees to the U.S. Postal Service and the development of specific skills needed by the new letter carrier. The latter involves practice in casing mail (i.e., sorting) to appropriate locations of a case in preparation for delivery, reading maps, determining appropriate sequencing of delivery, and customer relations. The total training…

Mo. The I Love Operations Management (ILOM) Conference, a major international conference, is staffed by student volunteers. One of the tasks of the student volunteers is to register conference attendees. The registration process involves confirming that fees have been paid, retrieving a conference package specific to that person (filed under their last name), and passing on relevant information about the conference.   In 2023, conference registration will be handled by a group of 10 student volunteers who work in five pairs to register the attendees (i.e., each pair will together register one attendee at a time). Attendees line up in a common line to be served by the next available pair of volunteers. Attendees arrive at an average rate of 139 per hour (assume Poisson arrival distribution) and the service time is, on average, two minutes (following a negative exponential distribution).   What is the average time needed to register (includes waiting and registering), in minutes (round…