Should investment capital be used to create increase production of Part(p) now ordered from outside sources. Gross savings on production at a price of 17 $ versus 18 $ would result in a savings of 12853 $ however after allowing for 2 week inventory safety margin backup supply the savings would be decreased by 4250$ with holding and insurance costs continuing…
If investing in this new production is solely based on the production of part p we would not advise investing in increased production facilities.
However it has been determined that out of the 250 day work year 22 cycles or production runs would need to be made keep a steady production utilization intake/output ratio. Exact production details were not given to us, but we cannot for see more than 150 days of production time being used leaving 100 days for a part p1 to be produced making the new facility truly profitable. ...
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For the results of the study conducted on the sample to be held true for the entire population, the sample should be a representative sample – that is, it should possess the same characteristics as the entire population, or as close to it as possible. A statistic is a characteristic that describes a sample; a parameter is a characteristic that describes a population.
Application: Matthew would like to put up a small coffee-bean store selling two special varieties of coffee – Arabica(M) and Robusta(H). He estimates obtaining profit from each kg of Arabica(M) worth $10.50 and from each kg of Robusta(H) costing $9.25. If he desires to have 2500 kgs of bean-mixture sold for $9.74 per kg, how much of each kind must be present in the mixture?
The rational behind this decision is the fact that in this case firm is covering all its variable costs and generating revenue which is greater than total variable costs. This means that firm is contributing the amount over and above the variable costs to the fixed costs.
An independent variable is the number of years after 1960.
c) Both models have rather close predictions. In order to validate their predictive power it is necessary to check the predicted values vs. the actual values. For this purpose I used the actual MSW data for 2003 provided by the United States Environmental Protection Agency (EPA)1.
A new, above shown window, which is actually a code editor for visual basic (VBA IDE), will appear. In this new window, go to option View Object Browser (shortcut key: F2). This action will change the interface of the window; select 'VBA' from the drop-down list of combo box (encircled in red) as shown in figure below.
The balance sheet showed that the assets of the company increased with the despite of increasing sales. Cash decreased because the company sold more of their products on credit rather than on cash, which can be observed by the growing number of Account receivables which manifested a figure of $0.632 million FY 2007, which were $0.35 million a year before.
4. The amount of revenue lost can be obtained through multiplying the number of days taken to repair the copier by the number of copies you may have sold that day (r3) which is a random number between 2000 and 8000 then multiplied by the