...Question 1 Annual fixed cost: $950 million Variable cost per plane: $45 million Q1 Break-even point in unit= $950 million $25 million Break-even point in unit= 38 units Break-even point in sale dollars= $950 million $25 million $70 million Break-even point in sale dollars= $950 million 0.357 Break-even point in sale dollars= $ 2660 Million Q2 ------------------------------------------------- Revenue for 42 airline= $70 million * 42 airlines ------------------------------------------------- Total = $2940 million Sale revenue – Variable expense – Fixed expense = Profit $2940 million- $45 million - $950 million= $100 million PROFIT = $100 million Q3 ------------------------------------------------- Fixed cost ------------------------------------------------- New fixed cost = $950 million + $84 million ------------------------------------------------- Total New fixed cost= 1034 million ------------------------------------------------- Variable cost ------------------------------------------------- New Variable cost = 45 million – $2 million ------------------------------------------------- Total new variable cost= $43 million a) ------------------------------------------------- Sale= $2940 million ------------------------------------------------- Variable expense= $1806 million ------------------------------------------------- ...
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...received for the clocks increases linearly with the age of the clocks. The following model: yi=a0 + a1*x1i + εi , where yi=Auction price of the clock i, x1i=Age of clock (years), A sample of 32 auction prices of grandfather clocks, along with their age, is given in the next table. Table 1- Auction price and Age i 1 2 3 4 5 6 7 8 9 10 11 12 Auction Price, y 1235 1080 845 1522 1047 1979 1822 1253 1297 946 1713 1024 Age, x1 127 115 127 150 156 182 156 132 137 113 137 117 i 13 14 15 16 17 18 19 20 21 22 23 24 Auction Price, y 1147 1092 1152 1336 2131 1550 1884 2041 845 1483 1055 1545 Age, x1 137 153 117 126 170 182 162 184 143 159 108 175 i 25 26 27 28 29 30 31 32 Auction Price, y 729 1792 1175 1593 785 744 1356 1262 Age, x1 108 179 111 187 111 115 194 168 2 Correlation analysis (see Appendix 1) Figure 1- Scatter Plot- Auction Price and Age 2590 Auction Price, y 2 09 0 1 590 1 09 0 590 90 1 00 125 150 175 2 00 Age, x1 From this figure => positive correlation between Auction price and Age? 3 => Correlation coefficient Outil/Utilitaire d'Analyse/ Analyse de correlation/plages d’entrée/de sortie/ok -1 ≤ rx,y ≤ +1 rx,y ≤ 0 => negative correlation ; rx,y ≥ 0 => positive correlation rx,y = 0 => no linear correlation rx,y = ± 1 => perfect correlation The relationship we consider is LINEAR! Correlation...
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... 350 | | Direct Materials A5 180 | | Direct Materials A6 375 | | Direct Materials A7 590 | Ending Balance 3225 | | Supplies Beginning Balance 875 | Used and Transferred Out 490 | Purchased 700 | | Ending Balance 1085 | | Labor Total Labor Cots 5460 | Direct Labor Cost 3460 | | Indirect Labor Cost 2000 | Ending Balance 0 | | Work-in-process Beginning Balance 5650 | | Direct Materials A3 280 | | Direct Materials A4 350 | | Direct Materials A5 180 | | Direct Materials A6 375 | | Direct Materials A7 590 | | Direct Labor A3 750 | | Direct Labor A4 1300 | | Direct Labor A5 550 | | Direct Labor A6...
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...ECON545 Quiz 1 Guidelines Recall that Keller courses are built around Terminal Course Objectives (TCOs). At the conclusion of the course, you will even be asked to rate the extent to which the TCOs have been covered. There are 9 TCOs specified for GM545. Review the TCOs by clicking on Course Syllabus at the top of the course home page, and then clicking on the Terminal Course Objectives link. Also, please note that the TCO(s) to be covered during any given week are specified in the Objective section for that course week. Quiz 1 addresses material covered in Weeks 1 and 2 of the course. The TCOs at issue are: Course Objective Description A Given a demand function and a supply function, illustrate how the price mechanism, in response to changes in other demand or supply factors, leads to a new market equilibrium price and level of output. B Given appropriate marketing data, including price elasticity coefficients, demonstrate how to use this information in product pricing in order to maximize revenues. C Given knowledge of key cost and marginal revenue relationships, use marginal analysis to demonstrate shutdown, break-even and optimal output points, as well as the optimal amount of a resource to utilize. You will note that the problems that have been assigned from the book focus on these TCOs. The problems address the basics while Discussion topics focus on broad applications. The quizzes (and the final exam) emphasize the basics. So, make sure...
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...GM545 Quiz 1 Guidelines Recall that Keller courses are built around Terminal Course Objectives (TCOs). At the conclusion of the course, you will even be asked to rate the extent to which the TCOs have been covered. There are 9 TCOs specified for GM545. Review the TCOs by clicking on Course Syllabus at the top of the course home page, and then clicking on the Terminal Course Objectives link. Also, please note that the TCO(s) to be covered during any given week are specified in the Objective section for that course week. Quiz 1 addresses material covered in Weeks 1 and 2 of the course. The TCOs at issue are: Course Objective Description A Given a demand function and a supply function, illustrate how the price mechanism, in response to changes in other demand or supply factors, leads to a new market equilibrium price and level of output. B Given appropriate marketing data, including price elasticity coefficients, demonstrate how to use this information in product pricing in order to maximize revenues. C Given knowledge of key cost and marginal revenue relationships, use marginal analysis to demonstrate shutdown, break-even and optimal output points, as well as the optimal amount of a resource to utilize. You will note that the problems that have been assigned from the book focus on these TCOs. The problems address the basics while Discussion topics focus on broad applications. The quizzes (and the final exam) emphasize the basics. So, make sure...
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.../ 387 BUSINESS ADMINISTRATION Master of Business Administration Accredited by AACSB International, the Association to Advance Collegiate Schools of Business with concentrations in: Accounting Cyber Security Entrepreneurship Finance Global Business Information Systems and Technology Management Marketing Management Supply Chain Management Master of Business Administration for Executives Master of Business Administration for Professionals College of Business and Public Administration Jack Brown Hall, Room 282 (909) 537-5703 mba.csusb.edu MASTER OF BUSINESS ADMINISTRATION Requirements (48 units) The Master of Business Administration (M.B.A.) program provides postbaccalaureate students with a high-quality master-level education in the field of business administration. The program is designed to prepare promising students for positions of increasing responsibility and leadership through education in the broad scope of business and through in-depth knowledge in one or more specialized areas of business. The program is open to all qualified students, regardless of undergraduate major. Students who do not have a background in the area of business administration can obtain this required capability by completing designated prerequisite courses or through individual study with competency demonstrated through credit by examination or by demonstrated work experience. Admission to the M.B.A. Program In addition to the general requirements of the university, specific requirements...
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...Pre-Feasibility Study BOUTIQUE (Women Designer Wear) Small and Medium Enterprise Development Authority Government of Pakistan www.smeda.org.pk HEAD OFFICE 6th Floor LDA Plaza Egerton Road, Lahore Tel 111 111 456, Fax: 6304926-7 Website www.smeda.org.pk Helpdesk@smeda.org.pk REGIONAL OFFICE PUNJAB REGIONAL OFFICE SINDH 5TH Floor, Bahria Complex II, M.T. Khan Road, Karachi. Tel: (021) 111-111-456 Fax: (021) 5610572 Helpdesk-khi@smeda.org.pk REGIONAL OFFICE NWFP Ground Floor State Life Building The Mall, Peshawar. Tel: (091) 9213046-47 Fax: (091) 286908 helpdesk-pew@smeda.org.pk REGIONAL OFFICE BALOCHISTAN Bungalow No. 15-A Chaman Housing Scheme Airport Road, Quetta. Tel: (081) 831623, 831702 Fax: (081) 831922 helpdesk-qta@smeda.org.pk 8th Floor LDA Plaza Egerton Road, Lahore Tel 111 111 456, Fax: 6304926-7 Website www.smeda.org.pk helpdesk@smeda.org.pk May, 2007 Pre-Feasibility Study Boutique (Women Designer Wear) DISCLAIMER The purpose and scope of this information memorandum is to introduce the subject matter and provide a general idea and information on the said area. All the material included in this document is based on data/information gathered from various sources and is based on certain assumptions. Although, due care and diligence has been taken to compile this document, the contained information may vary due to any change in any of the concerned factors, and the actual results may differ substantially from the presented information. SMEDA does...
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...BSOP 330 Week 3 Lab Assignments Chapter 13 problems 13.3, 13.5, 13.9, 13.21 To Buy This material Click below link http://www.uoptutors.com/bsop-330-devry/bsop-330-week-3-lab-assignments-chapter-13-problems-13.3-13.5-13.9-13.21 Chapter 13 problems 13.3: The president of Hill Enterprises, Terri Hill, projects the firm’s aggregate demand requirements over the next 8 months as follows: Her operations manager is considering a new plan, which begins in January with 200 units on hand. Stockout cost of lost sales is $100 per unit. Inventory holding cost is $20 per unit per month. Ignore any idle-time costs. The plan is called plan A. Plan A: Vary the workforce level to execute a “chase” strategy by producing the quantity demanded in the prior month. The December demand and rate of production are both 1,600 units per month. The cost of hiring additional workers is $5,000 per 100 units. The cost of laying off workers is $7,500 per 100 units. Evaluate this plan. Chapter 13 problems 13.5: Hill is now considering plan C. Beginning inventory, stockout costs, and holding costs are provided in Problem 13.3: a) Plan C: Keep a stable workforce by maintaining a constant production rate equal to the average requirements and allow varying inventory levels. b) Plot the demand with a graph that also shows average requirements. Conduct your analysis for January through August. Chapter 13 problems 13.9: Mary Rhodes, operations manager at Kansas Furniture, has received the following...
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...Unit 4 Assignment Please answer the following questions. Submit as a Microsoft Word® document to the Dropbox when completed. 1. How does the demand curve faced by a perfectly competitive firm differ from the market demand curve in a perfectly competitive market? Explain. The demand curve is horizontal for a perfectly competitive firm and is driven by its price. When the price goes up, demand goes down. The market demand curve is the total quantity that individuals are willing to buy at any price, this is downward sloping which reflects the law of demand. 2. A perfectly competitive firm has the following fixed and variable costs in the short run. The market price for the firm’s product is $140. Output FC VC TC TR Profit/Loss 0 $90 $ 0 $90 $0 -$90 1 90 90 $180 $140 -$40 2 90 170 $260 $280 $20 3 90 290 $380 $420 $40 4 90 430 $520 $560 $40 5 90 590 $680 $700 $20 6 90 770 $860 $840 -$20 a. Complete the table. b. What level of output should the firm produce to maximize profits? Output at levels 3 and 4 will maximize profits. 3. How does the demand curve faced by a monopoly differ from the demand curve faced by a perfectly competitive firm? Explain. In a perfectly competitive firm the demand curve is perfectly elastic this makes it horizontal whereas a monopoly has a relatively inelastic demand curve which is downward sloping. ...
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...QUESTION 1 Ah Mei Ltd is considering investing $50,000 in a new machine with an expected life of five years. The machine will have no scrap value at the end of the five years. Its expected sales are 20,000 units at a selling price of $3 per unit. Variable costs are expected to be $1.65 per unit, while incremental fixed costs, mainly the wages of a maintenance engineer, are expected to be $10,000 per year. AMN Ltd uses a discount rate of 12% for investment appraisal purposes and expects investment projects to recover their initial investment within two years. Required: (a) Explain why risk and uncertainty should be considered in the investment appraisal process. (b) Evaluate the sensitivity of the project’s net present value to a change in the following project variables: (i) sales volume (ii) sales price and discuss the use of sensitivity analysis as a way of evaluating project risk. QUESTION 2 BAMBI Ltd specialises in organising outdoor activities for college students during holidays. You are given the following information: Abbreviated balance sheet as at 30 September 2011 $’000 Net Fixed Assets 560 Current Assets: Cash 30 590 Current Liabilities: Creditors 180 Long-Term Liabilities 110 300 Equity: Share capital 100 Retained Earnings 200 300 Its sales estimates for the next six months are as below: |Month |Number of Bookings |Holidays taken |Promotion Expenditure ($’000)...
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...Question : | (TCO A) The following data (in thousands of dollars) have been taken from the accounting records of Larden Corporation for the just-completed year. | Sales | $950 | | Purchases of raw materials | $170 | | Direct labor | $210 | | Manufacturing overhead | $220 | | Administrative expenses | $180 | | Selling expenses | $140 | | Raw materials inventory, beginning | $70 | | Raw materials inventory, ending | $80 | | Work-in-process inventory, beginning | $30 | | Work-in-process inventory, ending | $20 | | Finished goods inventory, beginning | $100 | | Finished goods inventory, ending | $70 | Required: Prepare a Schedule of Cost of Goods Manufactured statement in the text box below. | | | Student Answer: | | Direct Materials Raw materials inventory, beginning $70,000.00 Purchases of raw materials $170,000.00 Sum of RM $240,000.00 Raw materials inventory, ending $80,000.00 Material used in Production $160,000.00 WIP Work-in-process inventory, beginning $30,000.00 Sum of RM $240,000.00 Direct labor $210,000.00 Manufacturing overhead $220,000.00 WIP Available $700,000.00 Work-in-process inventory, ending $20,000.00 Cost of Goods Manufactured $680,000.00 Finished Goods Finished goods inventory, beginning $100,000.00 Cost of Goods Manufactured $680,000.00 Finished Good Available $780,000.00 Finished goods inventory, ending $70,000.00 Unadjusted COGS $710,000.00 | | Instructor...
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...components in 4 assembly levels. Assuming tha all dependent items came from the same manufacturer, and since part H590 was returned, an alternative of evaluating different suppliers would be an option, this action can take time and extra cost but supplier can avoid any delays in schedule and mantain good relationship with customer since new suppliers can be used as a back up. Also if the Master Production Schedule is not accurate (the forecasts frequantly changes), the MRP won't be showing realistic numbers. 1. What is the lowest dependent item on the BOM H590 2. List all items on the BOM tht require more than 1 component per assembly X500, L477, L600, Q307 3. For item Q307, in the MRP plan for week 7, what is the gross requirement? 600 Units 4. For item H590 in the MRP plan for week 10 what is the planned order release? 150 Units Bill of Materials X500 L477 Q307 F416 H590 P712 H590 G418 Week X500 Gross Requirements Expected Receipts Projected Inventory Planned Releases L477 Gross Requirements Expected Receipts Projected Inventory Planned Releases L600 Gross Requirements Expected Receipts Projected Inventory Planned Releases Q307 Gross Requirements Expected Receipts Projected Inventory Planned Releases F416 Gross Requirements Expected Receipts Projected Inventory Planned Releases G418 Gross Requirements...
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...of 2.2222 points | | | Given the following information, calculate the forecast (accurate to 2 decimals) for period three using exponential smoothing and a = 0.3. Period Demand Forecast 1 64 59 2 70 Answer | | | | | Selected Answer: | 5. 63.35 | | | | | Question 3 0 out of 2.2222 points | | | According to the textbook, which is typically utilized when companies are deciding whether or not to outsource? Answer | | | | | Selected Answer: | 1. Selective sourcing analysis | | | | | Question 4 2.2222 out of 2.2222 points | | | The UNLV Bookstore sells a unique calculator to college students. The demand for this calculator has a normal distribution with an average daily demand of 20 units and a standard deviation of 4 units per day. The lead time for this calculator is very stable at 9 days. Compute the statistical reorder point that results in a 95 percent in-stock probability (Z = 1.65). Answer | | | | | Selected Answer: | 4. 199.8 units | | | | | Question 5 2.2222 out of 2.2222 points | | | Based on the information in Data Set E2, what is the mean squared error (accurate to 2 decimals)? Answer | | | | | Selected Answer: | 3. 1.40 | | | | | Question 6 2.2222 out of 2.2222 points | | | Which of the following is an engineering document that shows an inclusive listing of all the component parts and assemblies making up the final product? Answer | | | | | Selected Answer: | 1. Bill...
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...of the premier Inn hotel chains .In order for the analysis to be successfully implemented, the report has embraced the current strategy position within the sub unit part of the company. The analytical tools that will be used are PESTLE, Five porters’, SWOT, and value chain analysis. The analysis tends to show a very competitive market structure; faced within the harsh economic times in the hospitality industry. The differentiation strategy, implemented to the company has enabled it to deliver unmatched services to the customers in the UK. This report also analyses the internal and external environment in which premier Inn carries its own business. It will in further analyze the value addition chain of the company in terms of services offered to customers and look at the resources and competencies of the company holds. The industry current and future strategy is analyzed on the prevailing market conditions and the consumer demand .At the end of the report recommendations on the premier Inn will be provided to enable the business to be in a better competitive edge as they solve the current problems. They will solve the current weakness and threats while maximizing on the strengths and opportunities. Table of contents 1. Introduction 4 2. External environment Analysis 4 2.1 PESTEL 5 2.2 Porter’s five forces model 8 3. Internal environmental Analysis 10 4. SWOT Analysis 13 5. Strategic clock analysis 13 6. Conclusion 14 References list 16 Appendices 18 1. Introduction...
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...people who share that output. So slower population growth in itself should not affect living standards. However, a reduced share of the population that is working, all else equal, will reduce output per person, lowering living standards. Slower productivity growth will only worsen this problem. 2. Is it possible for average living standards to rise during a period in which average labour productivity is falling? Discuss, using a numerical example for illustration. Solution 2: It’s possible, if the decline in average labour productivity (output per worker) is offset by an increased share of the population that is employed. For a simple example, suppose an economy has two people, one of whom is working. The one worker produces 10 units of output, so average labour productivity is 10. Output per person (10/2) is 5. Now suppose...
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