Concept explainers
1– Please complete all work in excel. Use excel to make the calculations (cells can be clicked on to view any formulas used) and be sure to identify your answer, including units. You must have an excel file with formulas within the cell.
2.Gas & Go is considering offering movie rentals through a self-service company that would locate a machine on the inside of the market store. BlueBox would charge an annual lease fee of $500 for delivery, setup and maintenance, and there is an energy cost of $0.08 for every video rented. GreenFilms would charge an annual lease of only $400, but the energy cost for every video rental is $0.10 due to the larger size of the machine. Customers rent each movie for $1.00, regardless of the company, and the Gas & Go would earn 30% of that revenue for each rental.
a. What is the annual break-even point for each option?
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- Please make a comment on the following statement. There are many business applications with linear functions and non-linear functions. Some people think that linear models are particularly of interest due to simplicity and convenience, but some people believe that nonlinear models can simulate business operations better in practice, enabling business professionals to make more accurate decision.arrow_forwardWhich of the following ratios is INCORRECTLY defined? Seleccione una: a. TIE= EBIT/InterestExpense b. ROE=NetIncome/Equity c. Sales Growth=Sales-PreviousSales/PreviousSales d. Days Inventory= Inventory/AverageDailyCostOfGoodsSold e. ROA=(NetIncome+InterestExpense)/Assetsarrow_forward1. Construct a 2-by2 contingency table to determine the total number of people who fail the screening test and will be referred for diagnostic testing in the hearing centers. 2. Construct a 2-by-2 contingency table to determine the total number of people who fail the diagnostic test, which represents the target market for hearing aid sales.arrow_forward
- Need assistance, If possible please use the attached Excel formatarrow_forwardPlease do not give solution in image format thanku TriStar Manufacturing makes three models of fans, identified by the unimaginative names of A, B, and C. The fans are made out of nuts, bolts, wire, blades, and motors. The current inventory levels and parts list for each type of fan is shown in the table below. Profit from Fan A is $35, Fan B profit is $50, and Fan C profit is $60. TriStar Manufacturing wants to know the best product mix to maximize the revenue.arrow_forwardYou are a Business Analyst working for the ABC Ball Bearing company. An hour ago, you sent an order of 74 boxes of your A1 ball bearings to a customer on your delivery truck. You have just found out that your truck is going to go over a bridge that has a weight limit of 11,500 lbs. You need to determine if your truck will safely make it over the bridge. If you determine that the truck cannot make it over the bridge, you will need to call the driver and have him/her turn back. The plant manager has told you that an empty delivery truck with the driver weights about 8500 lbs. You have 30 boxes of the A1 ball bearings in your plant. You immediately had them weighed. The weights of the boxes are: 40.1 41.1 39.5 40.1 39.1 41.2 37.6 39.1 41.6 40.8 43.2 38.9 38.1 43.5 36.9 39.1 40.5 41.2 37.6 44.0 38.0 39.8 42.1 38.6 41.3 43.7 36.9 43.6 38.1 40.2 1. Discuss what sampling bias is. Do you believe that using the 30 boxes in your warehouse caused sampling…arrow_forward
- You are the managerial accountant at Infostore, a manufacturer of hard drives. Its reporting year-end is December 31. The chief financial officer is concerned about having enough cash to pay the expected income tax bill because of poor cash flow management. On November 15, the purchasing department purchased excess inventory of raw materials in anticipation of rapid sales growth beginning in January. The chief financial officer tells you to record the purchase of raw materials as an expense in the current year; this would decrease the company’s tax liability by increasing expenses and reducing income. Required In which account should the purchase of raw materials be recorded? How should you respond to this request by the chief financial officer?arrow_forward1. 524 plz help w/ anything. a) is correct, need help with Barrow_forwardI need answer typing clear urjent no chatgpt used i will give upvotes full explanationarrow_forward
- Implement a financial simulation model for a new product proposal and determine a distribution of profits using the provided discrete distributions for the unit cost, demand, and fixed costs. Price is fixed at $1,000. Simulate this model for 50 trials and a production quantity of 140. What is the average profit? Click here to view the discrete distributions. Click here to view a sample of 50 simulation trial results. Set up a lookup table for the unit cost. (Type integers or decimals. Do not round. Use ascending order.) Unit Cost Probability Lower Limit Upper Limit $400 0.25 $600 0.40 $700 0.15 $800 0.20 0.25 0.25 0.65 $400 $600 $700 $800arrow_forwardShoney Video Concepts produces a line of videodisc players to be linked to personal computers for video games. Videodiscs have much faster access time than tape. With such a computer/video link, the game becomes a very realistic experience. In a simple driving game where the joystick steers the vehicle, for example, rather than seeing computer graphics on the screen, the player is actually viewing a segment of a videodisc shot from a real moving vehicle. Depending on the action of the player (hitting a guard rail, for example), the disc moves virtually instantaneously to that segment and the player becomes part of an actual accident of real vehicles (staged, of course). Shoney is trying to determine a production plan for the next 12 months. The main criterion for this plan is that the employment level is to be held constant over the period. Shoney is continuing in its R&D efforts to develop new applications and prefers not to cause any adverse feelings with the local workforce. For the…arrow_forward1. A valid reason for using simulation model is: a. analyze relationship between the variables which are linear b. obtain optimized solutions c. conduct experiments without disrupting the real system d. avoid making assumptions about variables 2. Complex mathematical models are always stochastic and not deterministic a. True b. False 3. Which one of these variables is a binomial random variable: a. the number of textbooks 15 randomly selected books in the box b. the number of Gospel CDs a rack of randomly selected CDs c. the time it takes a randomly selected student to complete a multiple-choice exam d. the number of dogs small dogs at the a vetarrow_forward
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