Solve the newsperson problem. Probability 0.11 Value 1 Purchase cost c Selling price p Salvage value v 0.15 2 Optimal order quantity |||||| = 0.24 0.28 4 3 13 29 11 What is the optimal order quantity? J 0.16 5 0.06 6
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- At Matthews Car Repair, customer demand for a certain brand of motor oil is normally distributed with a mean of 15 gallons and a standard deviation of 6 work-days. To be 95% sure that Compact Car Repair will not run out of oil, we should reorder when motor oil in stock is less than _______ gallons. a. 24.9 b. 22.6 c. 23.7 d. 204. Solar Hydro manufactures a revolutionary aeration system that combines coarse and fine bubble aeration components. This year (year 1) the cost for check valve components is $9,000. Based on closure of a new contract with a distributor in China and volume discounts, the company expects this cost to decrease. If the cost in year 2 and each year thereafter decreases by $560, what is the equivalent annual cost for a 5-year period at an interést rate of 10% per year?In break-even analysis, which of the following is not an assumption overthe relevant range1. Unit selling price are constant2. Unit variable costs are constant3. Total costs are constant4. Total fixed costs are constant what is the best answer?
- Explain why it is not necessary to include product cost {priceor price times qua ntity) in the EOQ model, but the quantitydiscount model requires this information.44. The Kirei-Hana Japanese Steak House in San Francisco consumes 3,000 pounds of sirloin steak each month. Yama Hirai, the new restaurant manager, recently completed an MBA degree. He learned that the steak was replenished using an EOQ value of 2,000 pounds. The EOQ value was computed assuming an interest rate of 36 percent per year. Assume that the current cost of the sirloin steak to the steak house is $4 per pound. a. What is the setup cost used in determining the EOQ value? Mr. Hirai received an offer from a meat wholesaler in which a discount of 5 percent would be given if the steak house purchased the steak in quantities of 3,000 pounds or more. b. Should Mr. Hirai accept the offer from the wholesaler? If so, how much can be saved? c. Because of Mr. Hirai's language problems, he apparently misunderstood the offer. In fact, the 5 percent discount is applied only to the amounts ordered over 3,000 pounds. Should this offer be accepted, and if so, how much is now saved?Power O Exponential Logarithmic O Polynomial QUESTION 9 If you try different startinng values for the changing cells and obtain different solutions: you can be confident there is no solution you can keep the best solution you have found and hope that it is indeed optimal O there must be a mistake in your objective function O there must be a mistake in one of your constraints QUESTION 10 In pricing models (i.e., Example 7.1), elasticity of demand is an input with specifies the: sensitivity of price to changes in demand O sensitivity of demand to changes in price range of demand lovol
- < 1. Stephen, CFA, is an experienced investment advisor and he works for an investment advisory firm. He is meeting one of the firm's new clients, Sammie. After chatting with Sammie for a few minutes, Stephen recommends that she should buy some Bitcoins in her portfolio because it is the medium of exchange for future. It has a substantial upside and its recent pullback represents a great buying opportunity. He has also explained in great details about Bitcoin and other crypto currencies. A) Please discussion the following: Which CFA Standard of Professional Conduct does the case relate to? B) Explain whether each of I, II, III & IV below is correct or incorrect separately with respect to the relevant Standard. State the key points of the case that relate to the relevant Standard in your own words. His conduct of recommending Sammie to buy Bitcoins is: I. acceptable because Stephen is very experienced in investment with CFA designation. II. acceptable because the investment in Bitcoins…Micro-Electronics Warehouse Headset and Webcam Sale Item Type Reg. Price After Savings Price BuddyChat 200 Headset $34.72 $24.40 BuddyChat 300 Headset $41.27 $34.91 BuddyCam HD Webcam $83.54 $61.46 You have decided to purchase the headset with the greatest markdown percent and the BuddyCam HD webcam in order to take advantage of an "Extra $15 Rebate" offer when you purchase both. What is the markdown percent on your total purchase including the rebate?69 DI d> Part 2. Questions 2-5 X + nmzm/OneDrive/ % /Continuous%20Review%20Model.pdf Fixed Order Quantity model Example 1: The Aladdin Carpet Store has a customer demand that is normally distributed with an average daily demand of 30 meters and a standard deviation of 5 meters per day. The lead time for receiving a new order of carpet is 10 days. The store wants a service level of 95%, representing a probability of stockout equal to 5%. 1. What size of safety stock should the company keep ? 2. What is the reorder point? Uncertain Lead Time wwith Constant Demand N 五 |甲 end F12 home F8 F10 F11 FS
- As part of the employment interview for an accounting job at Sound Design, you have been asked to answer the questions below, based on an invoice from one of Sound Design's vendors, Target Electronic Wholesalers. Invoice Stock # Description Unit Price Amount 4811V Stereo Receivers 50 ✕ $293.50 = _______________________ 511CX Blu-Ray Players 25 ✕ $136.28 = _______________________ 6146M Home Theater Systems 40 ✕ $656.12 = _______________________ 1031A LCD TVs 20 ✕ $594.00 = _______________________ Merchandise Total _______________________ Insurance + Shipping $1,250.00 Invoice Total _______________________ An invoice. The top of the invoice is divided into several distinct sections. The first section is located in the top left of the invoice, is unlabeled, and contains an image of a target with an arrow in the center of the target. The second section is located in the top center of the invoice, is unlabeled,…Torrance Refinery produces approximately 23.1 Million barrels of gasoline per year. A California distributor sources its gasoline from the Torrance refinery. The annual demand for gasoline at the California distributor is 5.3 Million barrels. The cost of storing gasoline is approximately $29 per barrel (per year). The cost of placing an order to the Torrance refinery (including shipping) is $7300 per order. Orders will be received gradually instead of delivered all at once (hence EPQ). At what quantity will the total cost of procurement be the lowest? Round your answer to the nearest whole number. Do NOT include a comma. For example, answer like 103542 and NOT 103,542 Answer: 58845 CheckAbdullah records the following monthly purchases and sales of an item. Month Number bought Cost of each unit (€) Number sold November 110 22 73 December 60 26 71 January February March 70 30 49 50 28 53 80 24 37 April 40 32 71 Assuming he has no opening stock (Before November), 1. What is the remaining stock at the end of the period (April)? 2. What is the cost (cost of purchase) of the total inventory (Currency in Saudi Riyals))? 3. If each unit is sold for 35SR, What is the income for Abdullah's company till end of April?
