3. A tea supplier finds that it costs $1050 to roast and package 200 pounds of tea in a day and $4850 to produce 800 pounds of tea in a day. Assume that the cost function is linear. Express the cost as a function of the number of pounds of tea they produce each day.
Q: together a six-month production plan, where the monthly demands D, for recovery units are given in…
A: The Wagner-Whitin algorithm works by dividing the planning horizon into sub-periods and calculating…
Q: What would be the best way to estimate whether a piece of land could be used to manage an existing…
A: A market is a physical or mental space where buyers and sellers can find each other, and where the…
Q: What are the non profit organization’s strengths and weaknesses
A: A non-profit organization is an entity that works for a cause other than earning profits. The…
Q: The Bucks Grande exhibition baseball team plays 50 weeks each year and uses an average of 340…
A: Order QuantityPrice per unit1-999$7.501000-4999$7.355000 or more$6.80Ordering Cost = $100Holding…
Q: Why is it important for people to have a great attitude and pay attention during a problem-solving…
A: The objective of this question is to understand the significance of having a positive attitude and…
Q: How can organizations balance the conflicting goals of cost minimization and customer satisfaction…
A: A company's business activities involve making, selling, and delivering its goods or services. These…
Q: Malaysia Pushes Infrastructure Projects Malaysia is among the South-East Asian nations that have…
A: The objective of the question is to identify two transport infrastructure projects in Malaysia,…
Q: A company has a daily demand is 85 units and daily production is 120 units, Co = $70 and Cc = $10…
A:
Q: each type of media and that the amount of money be at least one and a half times the amount spent on…
A: Objective Functions and Constraints: Based on the given details, the objective…
Q: What are the key sources of Trader Joe's competitive advantage? How would you describe the key…
A: Trader Joe's, a popular American grocery store chain, has secured a distinct competitive advantage…
Q: Supply Chain Management- Company Amazon-200 Words In your response, research an organization, either…
A: Supply chain management is responsible for effectively managing these resource flows. The supply…
Q: What is the target area’s center of gravity for the Health-Watch medical facility?
A:
Q: Explain, How do organisation adapt service marketing strategies for global markets ?
A: Organizations aiming to expand their service offerings globally must adapt their marketing…
Q: preferences
A: Stable Matching is a term from the sphere of matching theory, specifically within the context of…
Q: A. Ltd buys 400 units of an item at a purchase cost Sh.5000 per unit and ordering cost of Sh.2,000…
A: Let me state the given data, The annual is 400 unitsThe purchase cost is Sh.5000 per unit,The…
Q: What are three challenges to sustaining a particular value discipline? What are challenges to…
A: Organisations frequently try to set themselves apart in the ever-changing business landscape by…
Q: Describe the principles of conciseness, correctness, concreteness and clarity and explain the…
A: In the realm of business communication, the principles of effective writing serve as pillars that…
Q: 10. How often should person-centered plans be updated? Annually Twice a year Every month As needed
A: Planning refers to the process of determining what needs are present and defining how those…
Q: Q4. A company has three warehouses (W1, W2, W3) supplying four retail stores (S1, S2, S3, S4) with…
A: Find the given details below:
Q: Q1. Alexandra Hudson, owner of a company that manufactures high quality woodfurniture has forged a…
A: Distribution on the other hand is all about availing a product or service in a manner that can be…
Q: Using the Library, Internet, or any other available materials, discuss how implementation of CPRF…
A: Supply chain management is the aspect of management that deals with all the movement or flow that…
Q: The total subcontracting cost = $ The total inventory holding cost for January through August = $…
A: Let me state the given data, The table data is shown below,…
Q: Please give provisions the duties and responsibilities of the ff: • manager • owner
A: To be able to make clear and informed decisions regarding pricing of the product manufactured by the…
Q: Estimate the resource costs for a cancer program, including the in-house and acquired resources for…
A: An effective way of managing resources is through incorporating planning, organization, and control…
Q: Question two An institution has 7 departments. The closeness chart is given in the following ta 1.…
A: The layout plan is the aspect of the organization that is concerned with deciding the best and…
Q: Entrepreneurship represents an important career option, it offers opportunities to enjoy…
A: Entrepreneurship is about developing or creating something new like a new organization, business, or…
Q: Dexter’s Chicken Dexter pored over the table of data he had compiled using inputs from…
A: Inventory management is a crucial function of a business organization and is linked to storing,…
Q: Using graphic organization, what is the meaning of Globalization?
A: Business Expansion is about increasing the growth of business in the market It includes determining…
Q: Consider an item for which we have 120 units currently in inventory. The average demand for the item…
A: It is also true that the concept of probability plays a vital role in quality management, as well as…
Q: Question - 7: Economic Order Quantity The annual demand for a certain item made-to-stock is 15000…
A: Businesses evaluate their inventory turnover as well as carrying costs through monitoring. This…
Q: 3. According to Six Sigma Methodology, the best way for a production line to improve quality is: a)…
A: Total Quality management is the aspect of production management that emphasizes the quality…
Q: Question 1 ________ is the process of developing new goods and services. Select one: a.…
A: “Since you have posted a question with multiple sub parts, we will provide the solution only to the…
Q: book name : contemporary management BE the manager(LO9-1 , 9-3 ,9-4 ,9-5) How to build flat screen…
A: Production management is the aspect that deals with all the activities and functions of the…
Q: What types of owners do you believe are best served hiring management companies?
A: Management specifically the art of doing things by others every organization has its management for…
Q: In what ways can the success of onboarding be effectively measured within an organization ?
A: The term onboarding refers to the act of becoming acquainted with new employees, introducing them…
Q: Brazil's economic growth is inhibited by inadequate infrastructure. Comment on the role of the…
A: The political environment means the group of things, places, and ways that change how politics work…
Q: A detailed map that identifies the specific activities that make up the informational, physical…
A: The topic of the inquiry is process mapping, which is an essential tool for company analysis and…
Q: COVID-19 in different hospitals nationwide. Below are the costs of production and demands of the…
A: The question presents a scenario where a manufacturer is producing face masks and PPEs for the…
Q: Provide two types of legal issues that may arise when you are providing services to a person.
A: Law plays an integral role in making the judgements related to complex situations. It helps in…
Q: Pullman Tire Company would like to plan production for the next three months. The firm can satisfy…
A: Linear programming helps us to find the optimal solution/best outcome, given the constraints.We…
Q: A manufacturing company receives orders for vehicle audio systems from two assembly plants in…
A: Warehouses assist in reducing transportation costs by integrating and arranging the products ready…
Q: Consider the project described below and its corresponding AON network representation. After…
A: Critical path method is project management tool (others e.g WBS, PERT). It uses flow chart of…
Q: Formulate this problem to find the optimal assignment that maximizes the total skill level.
A: Let me state the given data, Project 1Project 2Project 3Staff 11085Staff 2697Staff 3476Here, the…
Q: You have been hired as a consultant to improve communication between engineering and marketing staff…
A: Smooth-running organizations depend on effective business communication. It makes the exchange of…
Q: A new housing development has lots of packed earth and weeds, but no grass. Two neighbors make a…
A: Business Communication is an aspect of the organization that deals with the sharing of information…
Q: from the scenario below Choose at least two techniques from any Knowledge Area that could be used…
A: Quality management is the aspect of operation management that focuses on the quality improvement of…
Q: A company has four employees (E1, E2, E3, and E4) who need to be assigned to four different tasks…
A: Assignment Model· Is about finding the most efficient assignment of people to…
Q: Q. Cypress River Landscape Supply is a large wholesale supplier of landscaping materials in Georgia.…
A: SCM refers to the management of movement corresponding with goods and services supply including all…
Q: Management..Discuss the potential risks of overreliance on employee involvement without clear…
A: Organizations consist of several employees who work together for the fulfillment of the…
Q: When performing MRP calculations, the planned order releases of an item are incor- porated into the…
A: Material requirements planning is the aspect of production management that is concerned with…
Trending now
This is a popular solution!
Step by step
Solved in 5 steps with 7 images
- Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. Is Ben Gibson acting legally? Is he acting ethically? Why or why not?Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?As manager of the St. Cloud Theatre Company, you have decided that concession sales will support themselves. The following table provides the information you have been able to put together thus far: Item Soft Drink Wine Coffee Candy Selling Price $1.20 $2.00 $1.25 $1.20 Variable Cost $0.60 $0.95 $0.35 $0.25 % of Revenue 26 24 30 20 Last year's manager, Scott Ellis, has advised you to be sure to add 10% of variable cost as a waste allowance for all categories. You estimate labor cost to be $300.00 (5 booths with 2 people each). Even if nothing is sold, your labor cost will be $300.00, so you decide to consider this a fixed cost. Booth rental, which is a contractual cost at $50.00 for each booth per night, is also a fixed cost. a) Based on the information available, the per night break-even point in dollars for the St. Cloud Theatre Company = $633.640 (round your response to two decimal places).
- Consider the supply : Last year, the retailer’s weekly variance of demand was 200 units.The variance of orders was 500, 600, 750, and 1,350 units for theretailer, wholesaler, distributor, and manufacturer, respectively.(Note that the variance of orders equals the variance of demandfor that firm’s supplier.)a) Calculate the bullwhip measure for the retailer.b) Calculate the bullwhip measure for the wholesaler.c) Calculate the bullwhip measure for the distributor.d) Calculate the bullwhip measure for the manufacturer. e) Which firm appears to be contributing the most to the bull-whip effect in this supply chain?Consider the supply chain illustrated here:Last year, the retailer's weekly variance of demand was 200 units. The variance of orders was 500, 600, 750, and I ,350 units for the retailer, wholesaler, distributor, and manufacturer, respectively.(Note that the variance of orders equals the variance of demand for that firm 's supplier.)a) Calculate the bullwhip measure for the retailer.b) Calculate the bullwhip measure for the wholesaler.c) Calculate the bullwhip measure for the distributor.d) Calculate the bullwhip measure for the manufacturer.e) Which firm appears to be contributing the most to the bullwhip effect in this supply chain?As manager of the St. Cloud Theatre Company, you have decided that concession sales will support themselves. The following table provides the information you have been able to put together thus far: Item Soft Drink Wine Coffee Candy Selling Price $1.00 $2.00 $1.00 $0.75 Variable Cost $0.65 $0.90 $0.30 $0.25 % of Revenue 25 24 31 20 Last year's manager, Scott Ellis, has advised you to be sure to add 10% of variable cost as a waste allowance for all categories. You estimate labor cost to be $300.00 (5 booths with 2 people each). Even if nothing is sold, your labor cost will be $300.00, so you decide to consider this a fixed cost. Booth rental, which is a contractual cost at $60.00 for each booth per night, is also a fixed cost. a) Based on the information available, the per night break-even point in dollars for the St. Cloud Theatre Company = $ 1138.92 (round your response to two decimal places). b) Based on the given information, the per night break-even point in servings for wine =…
- Problem 20-10 (Algo) You are a newsvendor selling San Pedro Times every morning. Before you get to work, you go to the printer and buy the day's paper for $0.30 a copy. You sell a copy of San Pedro Times for $1.10. Daily demand is distributed normally with mean = 265 and standard deviation = 53. At the end of each morning, any leftover copies are worthless and they go to a recycle bin. a. How many copies of San Pedro Times should you buy each morning? (Use Excel's NORMSINV() function to find the correct critical value for the given a-level. Round your z-value to 2 decimal places and final answer to to 2 decimal places.) Optimal order quantity b. Based on a, what is the probability that you will run out of stock? (Round your answer to the nearest whole number.) ProbabilityAs manager of the St. Cloud Theatre Company, you have decided that concession sales will support themselves. The following table provides the information you have been able to put together thus far: Item Soft Drink Wine Coffee Candy Selling Price $1.00 $1.75 $1.50 $0.75 Variable Cost $0.70 $1.00 $0.35 $0.35 % of Revenue 24 25 29 22 Last year's manager, Scott Ellis, has advised you to be sure to add 10% of variable cost as a waste allowance for all categories. You estimate labor cost to be $250.00 (5 booths with 2 people each). Even if nothing is sold, your labor cost will be $250.00, so you decide to consider this a fixed cost. Booth rental, which is a contractual cost at $60.00 for each booth per night, is also a fixed cost. a) Based on the information available, the per night break-even point in dollars for the St. Cloud Theatre Company = $ (round your response to two decimal places). b) Based on the given information, the per night break-even point in servings for w servings (round…As manager of the St. Cloud Theatre Company, you have decided that concession sales will support themselves. The following table provides the information you have been able to put together thus far: Item Soft Drink Wine Coffee Candy Selling Price $1.00 $2.00 $1.50 $1.00 Variable Cost $0.65 $0.90 $0.30 $0.25 % of Revenue 25 26 30 19 Last year's manager, Scott Ellis, has advised you to be sure to add 10% of variable cost as a waste allowance for all categories. You estimate labor cost to be $300.00 (5 booths with 2 people each). Even if nothing is sold, your labor cost will be $300.00, so you decide to consider this a fixed cost. Booth rental, which is a contractual cost at $50.00 for each booth per night, is also a fixed cost. a) Based on the information available, the per night break-even point in dollars for the St. Cloud Theatre Company = $957.69 (round your response to two decimal places). b) Based on the given information, the per night break-even point in servings for wine =…
- Problem 20-10 (Algo) You are a newsvendor selling San Pedro Times every morning. Before you get to work, you go to the printer and buy the day’s paper for $0.50 a copy. You sell a copy of San Pedro Times for $1.25. Daily demand is distributed normally with mean = 335 and standard deviation = 67. At the end of each morning, any leftover copies are worthless and they go to a recycle bin. a. How many copies of San Pedro Times should you buy each morning? (Use Excel's NORMSINV() function to find the correct critical value for the given α-level. Round your z-value to 2 decimal places and final answer to to 2 decimal places.) b. Based on a, what is the probability that you will run out of stock? (Round your answer to the nearest whole number.)Your Corporation manufactures four products that use the same raw material and production machine. Your Company is experiencing a shortage of pounds of the raw material. Information related to the four products are shown below. Products A B C D Selling price $40 $32 $35 $65 Variable cots $34 $22 $27 50 Machine hours per unit 6 8 5 7 Pounds per unit 18 20 28 38 To maximize profit next month, in what order would it be best to schedule production (first to last)? a. A, B, C, D b. A, D, B, C c. B, D, A, C d. D, A, C, BAs 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)…