Your Lego furniture company makes Tables and Chairs. Below, you are given the starting inventory, selling price, and Bill of Materials (recipe, or construction requirements). You are to determine the number of Tables and Chairs to be built to maximize revenue.
Q: What is the role of the project manager in an agile project team vs a predictive project team? What…
A: The people who make up a project's team are the ones who will put in the most effort to see it…
Q: ENUMERATE 10 POSITIVE RESULTS YOU CAN EXPECT IF INVENTORY WILL BE PROPERLY OR EFFECTIVELY MANAGED.…
A: Inventory management refers to planning and controlling the goods in an optimal manner such that the…
Q: International Cranberry Uncooperative (ICU) is a competitor to the National Cranberry Cooperative…
A:
Q: A. A newspaper is bought for Rs. 5 from a shopkeeper and sold at Rs. 10. Any unsold newspaper for…
A: Find the Given details below: Given Details: Mean (Average Demand) 50 Newspapers Standard…
Q: Give an explanation of risk management ideas.
A: A risk management strategy is a planned method of tackling hazards that may be applied to businesses…
Q: 17. When a firm hires another company to perform legal services in India due to low cost, it's an…
A: Global supply chain management can be stated as the delivery and distribution of goods and services…
Q: When thinking about the future of supply chain management, what do you think analytics will be…
A: Introduction: Businesses can use Foresee Analytics to predict consumer demand to avoid a shortage of…
Q: A company is reviewing its policy of putting each sub-assembly bought in from outside through a…
A: Effective policies and procedures, including the handbook as a whole, are live documents that must…
Q: Problem 3-5 (Algo) A cosmetics manufacturer's marketing department has developed a linear trend…
A: Ft = 100,000 + 16,000t where Ft = Annual Sales and t = Years
Q: Give an explanation of risk management ideas.
A: Lessening the negative effects of risk occurrences is known as risk mitigation. reducing inherent…
Q: Why is forecating needed in an organization. What are the tools operations managers use when…
A: The term business forecasting refers to a set of methods and processes used to anticipate financial…
Q: A linear programming computer package is needed. The Westchester Chamber of Commerce periodically…
A:
Q: Understanding the distinctions between project management and software project management is…
A: Project Management: Project management is the process of application of collection of tools and…
Q: Norfolk, Virginia, a major seaport on the East Coast, has a ship coal-loading facility. Currently,…
A: From the above given information, Arrival rate, λ =142 per day It takes 8 minutes per truck to serve…
Q: The Wisteria University athletic department is considering a campaign next year to raise funds for a…
A: The prior probability of winning season (G) = 0.60 Prior probability of a losing season = 1 - 0.60 =…
Q: (a) Formulate and solve a linear programming model for this make-or-buy application. (Let FM =…
A: Linear programming is a mathematical technique that is also used in operations management…
Q: Are affirmative action policies are unjust because they discriminate against white men?
A: Affirmative action policies are designed to expand opportunities for people who have been…
Q: Select the best answer for the question. 4. A supply chain consulting firm offers by its nature OA.…
A: Supply chain consulting firms offer advice to businesses on how to improve their supply chains. They…
Q: 4. If the time remaining to complete a job is 10 days and the lead time remaining is 12 days, what…
A: Critical ratio is index number which is calculation by dividing the time remaining until the due…
Q: State what would be more difficult to forecast 10 years from now, the no. of 60 years olds or their…
A: To be determined: which would be difficult to forecast, the number of 60 years old or their average…
Q: A linear programming computer package is needed. The Westchester Chamber of Commerce periodically…
A: Given data is Constraints/Advertisement Television Radio Online Audience per ad 200,000 36,000…
Q: Consider the contribution of emotional intelligence to project management. What contribution do the…
A: Introduction: The emotional quotient (EQ) is one of the essential parts of project management since…
Q: A company is reviewing its policy of putting each sub-assembly bought in from outside through a…
A: Production is the process in which inputs are combined to have the required output. It includes a…
Q: As the ratio of the cost of overstocking to the cost of understocking gets smaller, the optimal…
A: Product availability refers to a retailer's capacity to fulfill client demand for a certain item.…
Q: A. Graph it B. Write in standard form C. Solve the problem
A: As per Bartleby guidelines, we can only solve the first three subparts of one (first) question at a…
Q: The Swanky Hotel provides room service for its guests. The process for room service begins with a…
A: Find the given details below: Given details: Time taken for an order 5 minutes Time taken for…
Q: What isthe difference between the service industry and the manufacturing industry. How can you…
A: There are two main categories of industries on the market: service and manufacturing. They are…
Q: Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last…
A: Calculate 2- month moving average Month Price per Chip 2 month moving average 2- month moving…
Q: mental models have on the decision-making process
A: You can grasp life by using mental models. One mental model that can help you comprehend how the…
Q: a. Compute a weighted average forecast using a weight of 0.4 for the most recent period, 0.3 for the…
A: The weighted average moving forecast is calculated by dividing the sum total of the product of…
Q: Is it feasible that certain facets of organizational success are missed by lean management? What are…
A: Yes, certainly there are few facets owing to the success of the organization that are missed by…
Q: Consider an expensive part with a reliability of 96.6%. If the part fails, it will cost the firm…
A: Note: - As we can answer up to three subparts, we will first question and its subparts. If an answer…
Q: Consider the problem of assigning multiple jdentical machines to an individual operator for the…
A: Ideal assignment n = a+ta+b Here, a = Concurrent activity time (Basically loading and unloading…
Q: Assume that each unit demanded of a company's product generates 66 USD in revenue and that each unit…
A:
Q: A ski resort has recorded its recent sales as follows (in $$). Season 2 years ago Last year…
A: Seasonal average = sum total of a season of all years / number of years Grand average = Average of…
Q: If an assembly line with 11 tasks has a cycle time of 40 seconds per unit and the total task time is…
A: Cycle time is the time which worker actually spend in producing the item or providing the service to…
Q: A project for improving a billing process has the following precedence relationships and activity…
A: Formulae used: Early Start = Maximum (or Highest) EF value from immediate Predecessor(s)Early…
Q: Understanding the distinctions between project management and software project management is…
A: True. It is very much essential to understand the difference or the distinction between project…
Q: Explain this: Goal 6: Clean Water and Sanitation. Water scarcity affects more than 40 percent of…
A: The Sustainable Development Goals often called SDG can be stated as the blueprint to obtain the…
Q: Janet is providing her personal assistant services in a very competitive city. She has decided to…
A: A person Janet is offering services in a competitive city and to retain her customers she lowers her…
Q: B. Tradeoffs with Quality Costs. Consider the following problem. Banga, Inc. is a startup company…
A: Control costs Failure Costs Current quality costs 160,000 1,440,000…
Q: The practice of analyzing large databases in order to generate new information is known as…
A: Ans) This term is known as data mining. Analysing big to get new insights is known as data mining.…
Q: D.) Calculate the regression line. Compute the MAD and MSE for the regression line. E.) Use your…
A: The values of the MAD and MSE were having some errors. Below the correct MAD and MSE of all the…
Q: Sushow Inc. is a show company that makes an average of $400,000 from a good show and loses an…
A:
Q: Hi-V produces three types of canned juice drinks, A, B, and C, using fresh strawberries, grapes, and…
A: Objective Functions and Constraints: Based on the given details, the objective…
Q: List two benefits of outsourcing to a company during the development of an IT/IS project. Define…
A: When a company hires or contracts with an external company in order to complete specific tasks…
Q: Maintenance of domestic approach towards international business is considered to be Question 1…
A: Polycentric approach = This approach play important role in international business. It is working…
Q: The term for safety time added to chains other than the critical chain is: Feeding buffer, first…
A: Feeding Buffer: It is a safety added to the places where chains of tasks which are non critical…
Q: The manner in which the inputs, project resources, are combined, will have an impact on the quality…
A: The process in which inputs are used to transform them into usable outputs is known as the…
Q: Draw BOTH the arrow and node networks for the project given in the table. Activity IPA H C, D I D J…
A: The path with the longest duration is the critical path.
Step by step
Solved in 3 steps with 3 images
- Assume the demand for a companys drug Wozac during the current year is 50,000, and assume demand will grow at 5% a year. If the company builds a plant that can produce x units of Wozac per year, it will cost 16x. Each unit of Wozac is sold for 3. Each unit of Wozac produced incurs a variable production cost of 0.20. It costs 0.40 per year to operate a unit of capacity. Determine how large a Wozac plant the company should build to maximize its expected profit over the next 10 years.Answer the following questions. Make sure to number your answers when you upload your response. Suppose Alphonso’s town raised the price of bus tickets to $2.50 per trip (while the price of burgers stayed at $3.50 and his budget remained $11.50 per week.) Draw Alphonso’s new budget constraint. What happens to the opportunity cost of bus tickets? Suppose Alphonso’s town raises the price of bus tickets from $2.50 to $5 and the price of burgers rises from $3.50 to $7. Why is the opportunity cost of bus tickets unchanged? Suppose Alphonso’s weekly spending money increases from $11.50 to $23. How is his budget constraint affected from all three changes? Explain. Use this information to answer the following 4 questions: Marie has a weekly budget of $24, which she likes to spend on magazines and pies. If the price of a magazine is $4 each, what is the maximum number of magazines she could buy in a week? If the price of a pie is $12, what is the maximum number of pies she could buy in a…As a potential owner of a club known as Club Salida, you are interested in determining the necessary volume of sales in dollars to reach the breakeven next year. You decided to break down the club's sales into. four categories, where beer is the first. Your estimate of the sale of beer is that it will serve 30,000 servings. The selling price per unit will average $ 1.50; its cost is $ .75. The second category is food, of which you expect sell 10,000 units with an average unit price of $ 10.00 and a cost of $ 5.00. The third category is desserts and wine, of which you also hope to sell 10,000 units, but with an average unit price of $ 2.50 and a cost of $ 1.00. The last category is inexpensive lunches and sandwiches, of which you expect sell a total of 20,000 units with an average price of $ 6.75 and a cost per unit of $ 3.25. Your fixed costs (i.e. rent, utilities, etc.) are $ 1,800 a month plus $ 2,000 a month for entertainment. a) What is your breakeven point in dollars per month? b)…
- Create a spreadsheet to calculate your projected total costs, total revenues, and total profits for giving a seminar on cost estimating. Make the following assumptions: You will charge $600 per person for a two-day class. You estimate that 30 people will attend the class, but you want to change this input. Your fixed costs include $500 total to rent a room for both days, setup fees of $400 for registration, and $300 for designing a postcard for advertising. Youwill not include your labor costs for this estimate, but you estimate that you will spend at least 150 hours developing materials, managing the project, and giving the actual class. You would like to know what your time is worth given different scenarios. Youwill order 5,000 postcards, mail 4,000, and distribute the rest to friends and colleagues. Yourvariable costs include the following: $5perperson for registration plus 4 percent of the class fee per person to handle credit card processing; assume that everyone pays…Hayworth Corporation has Just segmented last year's income statement into its ten product lines. The chief executive officer (CEO) is curlous as to what effect dropping one of the product lines at the beginning of last year would have had on overall company profit. What is the best number for the CEO to look at to determine the effect of this elimination on the net operating income of the company as a whole? Multiple Choice the product line's sales dollars the product line's contribution margin the product line's segment margin the product line's segment mergin minus an allocated portion of common fixed expensesMary is a sales person for Challenge Furniture. She receives an incremental commission based on the table below. If she sells $26,000 and has already received a draw of $766.15, how much commission is still owed to Mary? level 1 1-11,700 3.7% sales volume 2 11,701-21,200 4.3% commission rate 3 over 21,200 4.7%
- You are the owner of Caché, a chain of women's clothing boutiques. Your state has a sales tax of 7%, and your city has an additional sales tax of 1.5%. Each quarter you are responsible for making these tax deposits to the city and state. Last quarter your stores had total revenue, including sales tax, of $488,250. a) How much of this revenue was sales (in $) and how much was sales tax (in $)? sales sales tax b) How much sales tax (in $) should be sent to the city? c)How much sales tax (in $) should be sent to the state?for managing its data processing operation: continuing with its own staff, hiring an outside vendor to do the managing (referred to as outsourcing), or using a combination of its own staff and an outside vendor. The cost of the operation depends on future demand. The annual cost of each option (in thousands) depends on demand as follows. DEMAND STAFFING OPTIONS HIGH MEDIUM LOW Own Staff 650 650 600 Outside Vendor 900 600 300 Combination 800 650 500 Based on decision analysis under uncertainty, determine the best decision each of the model. Then compare all the model decision to make it overall conclusion.Shakeia Duncan wants to know what home price she can afford. Her annual gross income is $46,200. She owes $840 per month on other debts and expects her property taxes and homeowner's insurance to cost $160 per month. She knows she can get an 10.50 percent, 30-year mortgage so her mortgage payment factor is 9.15. She expects to make a 15 percent down payment. What is Shakeia's affordable home purchase price?
- Please show all work and explain answer. OneRing Company sells memorabilia to residents of Middle-Earth. They are about to invest $6 million in a new ring making plant. Fixed costs of operating the plant are $1 million a year. The ring costs $60/unit to manufacture (variable cost) and will be sold for $200/unit. The plant will last for 5 years, and will be depreciated over 5 years to zero using the straight-line method. The plant will have no salvage value after five years. Net working capital requirements are negligible for this project. Assume there are no taxes in Middle-Earth, and that the appropriate discount rate for the project is ten percent. How many rings per year must OneRing sell in order to break even?Describe the one internal key uncertainty ito of degree of impact and uncertainty on Shoprite Holdings. Out of all the analysis it must be the most uncertain for Shoprite Holdings and highest impact on Shoprite Holdings should it take place. A key uncertainty is stated in opposites e.g., positive/negative or increase/decrease or decline/incline. Shoprite Holdings is a retail and grocery store.Barbara Flynn sells papers at a newspaper stand for $0.40. The papers cost her $0.30, giving her a $0.10 profit on each one she sells. From past experience Barbara knows that: a) 20% of the time she sells 150 papers. b) 20% of the time she sells 200 papers. c) 30% of the time she sells 250 papers. d) 30% of the time she sells 300 papers. Assuming that Barbara believes the cost of a lost sale to be $0.05 and any unsold papers cost her $0.30 and she orders 250 papers. Use the following random numbers: 14, 4, 13, 9, and 25 for simulating Barbara's profit. (Note: Assume the random number interval begins at 01 and ends at 00.) Based on the given probability distribution and the order size, for the given random number Barbara's sales and profit are (enter your responses for sales as integers and round all profit responses to two decimal places): Random Number Sales Profit 14 4 13 9 25