Business

what are chance and assignable causes of variability? what part do they play in the operation and interpretation of a shewhart control chart?

Operational Management, Business / By

what are chance and assignable causes of variability? what part do they play in the operation and interpretation of a shewhart control chart? EXPERT ANSWER Answer ✓ variability: it is nothing but an error in a processor or a system, that occurs due to some changes and situational subjectivity. When the variability is by chance …

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6. Slick Pads is a company that manufactures laptop notebook computers. The company is considering adding its own line of computer printers as well. It has considered the implications from the marketing and financial perspectives and estimates fixed costs to be $500,000. Variable costs are estimated at $200 per unit produced and sold. a) If the company plans to offer the new printers at a price of $350, how many printers does it have to sell to break even?

Operational Management, Business / By

6. Slick Pads is a company that manufactures laptop notebook computers. The company is considering adding its own line of computer printers as well. It has considered the implications from the marketing and financial perspectives and estimates fixed costs to be $500,000. Variable costs are estimated at $200 per unit produced and sold. a) If …

6. Slick Pads is a company that manufactures laptop notebook computers. The company is considering adding its own line of computer printers as well. It has considered the implications from the marketing and financial perspectives and estimates fixed costs to be $500,000. Variable costs are estimated at $200 per unit produced and sold. a) If the company plans to offer the new printers at a price of $350, how many printers does it have to sell to break even? Read More »

What is meant by the term vertical integration? What types of companies are more likely to become vertically integrated? [2 Marks]

Business, Operational Management / By

What is meant by the term vertical integration? What types of companies are more likely to become vertically integrated? [2 Marks] EXPERT ANSWER Solution: Vertical integration is a type of strategy in which a firm hires others business for operational and production which are required to manufactured final product. There are two types of vertical …

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Discuss the differences between product and service design and its relationship to business strategy.

Business, Operational Management / By

Discuss the differences between product and service design and its relationship to business strategy. EXPERT ANSWER Product design means the design which is made according to the demands of the customers in the market and various changes are being made in the products of the business organisation so that the demands of the various consumers …

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Suppose that the identical firms in a perfectly competitive market for cakes have long-run total cost functions given by TC(Q) = 10Q3 – 60 Q2 + 100Q. Total cost is independent of the number of firms and total output in the market.

Economics, Business / By

Suppose that the identical firms in a perfectly competitive market for cakes have long-run total cost functions given by TC(Q) = 10Q3 – 60 Q2 + 100Q. Total cost is independent of the number of firms and total output in the market. a) Describe the long-run supply curve for this industry. b) Suppose market demand …

Suppose that the identical firms in a perfectly competitive market for cakes have long-run total cost functions given by TC(Q) = 10Q3 – 60 Q2 + 100Q. Total cost is independent of the number of firms and total output in the market. Read More »

As a supervisor, explain thoroughly how you would mediate conflict with two employees who are at these maturity levels:

Business, Operational Management / By

As a supervisor, explain thoroughly how you would mediate conflict with two employees who are at these maturity levels: 1. Both employees are at the opportunist level. 2. Both employees are at the goal level. 3. One employee is at the opportunist level and another at the goal level. EXPERT ANSWER Answer:- Interceding between various …

As a supervisor, explain thoroughly how you would mediate conflict with two employees who are at these maturity levels: Read More »

PA 12-1 (Algo) Millennium Liquors is a wholesaler… Millennium Liquors is a wholesaler of sparkling wines. Its most popular product is the French Bete Noire, which is shipped directly from France. Weekly demand is 45 cases. Millennium purchases each case for $130, there is a $300 fixed cost for each order (independent of the quantity ordered), and its annual holding cost is 15 percent. (Do not round intermediate calculations. Round your answer to the nearest whole number.) If Millennium is restricted to ordering in multiples of 50 cases (e.g., 50, 100, d. 150, etc.), how many cases should it order to minimize its annual ordering and holding costs? cases (Do not round intermediate calculations. Round your answer to 2 decimal places.) Millennium is offered a 5.00 percent discount if it purchases at least 1,000 e. cases. If it decides to take advantage of this discount, what is the sum of its annual ordering and holding costs?

Business, Operational Management / By

EXPERT ANSWER Answer:- Annual demand, D = 45*52 = 2340Unit carrying cost, h = 15% of 130 = $20 per annumFixed ordering cost, K = $300 per order. Optimal order quantity, Q* = (2.D.K / h)^0.5 = (2*2340*300/20) ^ 0.5 = 265 units. (d) The optimal order quantity was 265. Multiple of 50, closest to …

PA 12-1 (Algo) Millennium Liquors is a wholesaler… Millennium Liquors is a wholesaler of sparkling wines. Its most popular product is the French Bete Noire, which is shipped directly from France. Weekly demand is 45 cases. Millennium purchases each case for $130, there is a $300 fixed cost for each order (independent of the quantity ordered), and its annual holding cost is 15 percent. (Do not round intermediate calculations. Round your answer to the nearest whole number.) If Millennium is restricted to ordering in multiples of 50 cases (e.g., 50, 100, d. 150, etc.), how many cases should it order to minimize its annual ordering and holding costs? cases (Do not round intermediate calculations. Round your answer to 2 decimal places.) Millennium is offered a 5.00 percent discount if it purchases at least 1,000 e. cases. If it decides to take advantage of this discount, what is the sum of its annual ordering and holding costs? Read More »

As a supervisor, explain thoroughly how you would mediate conflict with two employees who are at these maturity levels:

Business, Operational Management / By

As a supervisor, explain thoroughly how you would mediate conflict with two employees who are at these maturity levels: 1. Both employees are at the opportunist level. 2. Both employees are at the goal level. 3. One employee is at the opportunist level and another at the goal level. EXPERT ANSWER Answer:- Interceding between various …

As a supervisor, explain thoroughly how you would mediate conflict with two employees who are at these maturity levels: Read More »

Suppose that you are obtaining a personal loan from your uncle in the amount of $20,000 (now) tobe repaid in two years to cover some of your college expenses. If your uncle usually earns minimum8% profit (annually) on his money, which is invested in various sources. question: If you pay every six months, how much should you pay every six months?

Economics, Business / By

EXPERT ANSWER If uncle would have not loaned me, he would have deposited the money for these two years and earned interest on it that’s compounded annually. So, formulae of compound interest (CI): (where P= Initial deposit, n= rate of interest, t=time period) Following the above formulae: CI = 20000[1+8/100]2 = 20000 x (1.08) x (1.08) …

Suppose that you are obtaining a personal loan from your uncle in the amount of $20,000 (now) tobe repaid in two years to cover some of your college expenses. If your uncle usually earns minimum8% profit (annually) on his money, which is invested in various sources. question: If you pay every six months, how much should you pay every six months? Read More »