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. You must make 5 or more chairs for every table. Your answer will be the number of small pieces of wood by your production plan. (The number of tables and chairs must be a whole number.) Use Scenario 4 Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5 Large wood per Table 6 4 6. Small wood per Table 6 2 4 4 1 Large wood Chair 2 2 3 1 1 per Small wood per Chair 4 4 4 6. Revenue per Table $35 $42 $88 $75 $95 Revenue per Chair $29 $29 $45 $33 $49 Large wood inventory 300 400 880 665 900 Small wood inventory 500 500 775 1.400 1,000
Q: Before answering the following questions, you must draw the arrow diagram, rectangles, network calcu...
A: Find the given details below: Activity Dependency Optimistic Time(To) a(Weeks) Pessimistic Time(T...
Q: 6- The value of the normal distribution variable Z at a time of two weeks greater than the critical ...
A: z-score is the difference between the duration of the project expected and actual duration, divided ...
Q: State the risk rating of the respective FIVE (5) risk exposures mentioned below. Loss of physical a...
A: The risk rating can be stated as evaluating or assessing the threat or the risk involved in the dail...
Q: The usage of an inventory item each costing Re 1, is 10000 units/year and the production rate is 200...
A: Find the Given details below: Given Details Annual Demand (D) 10000 Units/Year Unit Cost 1 R...
Q: Discuss the potential issues and challenges in implementing Total Quality Management (TQM) that are ...
A: Total quality management is the management in which a company focuses on providing quality products ...
Q: Based on the above data for your company, which of the following statements is false? Capyright © by...
A: Introduction about Production Management Creation Management manages the method involved with mak...
Q: 4-Early End (EF) for events is All options are incorrect O
A: The early finish time is the least possible time that an activity can take to finish.
Q: Discuss how the coefficient of determination and the coefficient of correlation are related and how ...
A: The intensity as well as direction of a linear connection between two variables (x and y) is indeed ...
Q: Strategic Planning & Organisational Structures A small sized construction company in Albany ha...
A: A Small Introduction about an Organizational Structure Start by putting yourself at the highest poi...
Q: It is reasonable for a company's management team to abandon efforts to win contracts to supply priva...
A: A Small Introduction about Company Management Management in all business and authoritative exerci...
Q: Akali is the only nurse in lonia. lonia has 21 ninja households distributed one-tenth of a mile alon...
A: given, Akali services are $10. To serve each ninja, Akali incurs $2 costs additional charges which i...
Q: In case of virtual value chain _____ is where an organization co-ordinates, measures and sometimes c...
A: The Virtual Value Chain is a business model that outlines the distribution of value-generating servi...
Q: Question 15 Gulong Inc are manufacturers of brakes sets for sedan and off-road SUVS vehicles. 500 ho...
A: Linear programming is an optimization technique, where the decision-maker uses the limited resources...
Q: Which of the following is not a dimension of product quality? a. Performance b. Features c. Re...
A: A quality product is one that meets or exceeds the consumer's expectations.
Q: The closest value to the pessimistic project completion time is
A:
Q: 15 of 29 As manager of a retail outlet readying for an uncertain Christmas season, you're not sure h...
A: Given: Level of low and high staff for quiet days, $15000 and $10000 respectively. Level of low and ...
Q: Deb Bishop Health and Beauty Products has developeda new shampoo, and you need to develop its aggreg...
A: The given information can be tabulated as below:
Q: Assuming System A has a constant failure rate of 0.034, calculate reliability of System B if its MTB...
A: Failure rate of system A = 0.034 MTBF = 50% of system A's MTBF
Q: What is BCG Matrix? Please explain at your own words. Explain with one or two suitable examples.
A: A Small Introduction about Planning Planning includes choosing missions and objectives and the a...
Q: Consider an outpatient surgery center that is located in a rectangular building that is 90 feet by 5...
A: Assuming it cost $4 to move patients between adjacent rooms using rectilinear distances - Regis...
Q: The closest value to the optimistic time to complete the project is *
A: A project schedule network diagram shows the sequential and analytical relationship between tasks in...
Q: _____ works at finding defects while ____ works at preventing defects a. Quality Control, Quality ...
A: Many individuals mistakenly assume that quality assurance and quality control are the same thing. Bo...
Q: The case study Customer Support, Inc. (CSUP) is a large corporation with international clients tha...
A: Project management methodologies refers to different techniques which are adhered to while developin...
Q: What is the minimum shipping cost?
A: Transportation problem helps to identify the least cost way for transporting the items from a source...
Q: Why are ERP systems so important to the corporate information systems of so many multinational compa...
A: A Small Introduction about ERP System ERP represents Enterprise Resource Planning. ERP systems are ...
Q: a) Identify ONE (1) Business Process Modelling tool. b) For the tool you identified in a) above, des...
A: a) Business process modelling can be broadly defined as the methodology which involves the creation ...
Q: Which is NOT a characteristic of a service? Group of answer choices a. Services are intangible b. ...
A: Services are intangible and cannot be stored for further use it can be used at a time when it is due...
Q: Below are the data of the gasoline station. Number of gas pumps = 1 Policy of the gasoline station i...
A: Given- Price of Gasoline if a customer will wait = Php 45 Price of Gasoline if a customer will not w...
Q: 2-Early Start (ES) events are A=0, B=0, C=0, D=2, E=3, F=2, G=D4, H=4, I=4 A=0, B=2, C=D0, D=2, E=5,...
A: The early start time is the least possible time at which the activity can begin.
Q: How may formative scales be used to examine the possibility of a cross-level moderati
A: formative measurement classical occurs when the measured variables are deliberated to be the reason ...
Q: Select the process to which this situation can be related to, where The Project manager finds that t...
A: The project manager is the responsible person who takes care of the all reasonable steps necessary t...
Q: How does the y relate to the x axis
A: The horizontal axis of something like the cartesian plane is represented by the X-axis. From left to...
Q: Chapter 6. Solve the following Linear Program using the Solver method and answer the questions given...
A: Maximize: 12A + 15B s.t. 3A + 7B <= 250 5A + 2B <= 200 B <= 25 A, B >= 0
Q: 8-The critical path time is
A: A project schedule network diagram shows the sequential and analytical relationship between tasks in...
Q: The total grace period (TF) for events is
A:
Q: What is the difference between the Monitor and Control Project Work and the Direct and Manage Projec...
A: Project management- it is the planning, executing, & monitoring of the project actions to satisf...
Q: The sovereign debt crisis in the euro zone led to depreciation of the dollar against the euro and po...
A: The sovereign debt crisis in the euro zone was the reason because the European countries were unable...
Q: 41. A manager is góing to purchase new processing equipment and must decide on the number of spare p...
A: Ratio method – Number Probability Cumulative probability 0 0.10 0.10 1 0.50 ...
Q: Before answering the following questions, you must draw the arrow diagram, rectangles, network calcu...
A: Expected Time= a+4m+b6 Where a= Optimistic time b= Pessimistic time m = Most...
Q: The fair discipline guidelines are designed to fend of errors which can trigger appeals and costly l...
A: The employers have a responsbility of dealing with workplace issues in an effective manner.
Q: You have a new job as a Financial Planning assistant. Your client wants to invest money in stocks, b...
A: S = Total dollars invested in stocks B = Total dollars invested in Bonds T = Total dollars invested ...
Q: . A manager wants to determine the number of containers to use for incoming parts for a kanban syste...
A: Given data, D Average Usage 80 pieces per hr T Cycle time 75 min 1.25 hrs X Inef...
Q: Prepare the production plan based on this forecast.
A: A production plan indicating the time based production and resources updation based on planned forec...
Q: An organization’s tier 1 suppliers constitute the _____ side network of the organization a. Upstream...
A:
Q: Do sa An organization purchases the same component from three different suppliers viz V1, V2 and V3....
A: Given data is
Q: QUESTIONS: HOW THE FOLLOWING RISK TOOLS AND TECHNIQUES ARE APPLICABLE TO THE ABOVE PROJECT ? 1- Ex...
A: Note: “Since you have posted a question with multiple sub-parts, we will solve the first three sub-p...
Q: The machine shop of Reliable Manufacturing has to schedule eight jobs that are to be sent to final a...
A: A Gantt chart is a bar chart that provides a graphical view of project tasks planned over time. A Ga...
Q: 3. A bakery buys flour in 25-pound bags. The bakery uses 1,215 bags a year. Ordering cost is $10 per...
A: EOQ is the quantity at which both ordering cost and holding cost becomes equal and the quantity help...
Q: Are regulations and legal implications going to be able to keep up with blockchain for example witho...
A: Blockchain could assist overall sets of laws with running all the more easily and proficiently. In a...
Q: 6. Sophia just acquired full time employment with the government and her income (after deductions) b...
A:
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 4 images
- 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…I need assistance with Chapter 15 Problem 7. I keep getting an it incorrecrt despite calculating the sum and dividing everything by the quanitity. Thank you1. Construct a 2-by2 contingency table to determine the total number of people who fail the screening test and will be referred for diagnostic testing in the hearing centers. 2. Construct a 2-by-2 contingency table to determine the total number of people who fail the diagnostic test, which represents the target market for hearing aid sales.
- An analyst has started preparing a spreadsheet as shown below. Column A contains the headings for various parameters and Column B contains the analyst's range names to be used in Excel. A B 1 Price per Unit 2 Cost per Unit 3 Profit per Unit PricePerUnit Cost_Per_Unit Profit per Unit 4 5 Fixed Costs Fixed_Costs 6 Variable Costs Variable Costs Label each of the following range names as "Correct" if is a valid range name in Excel or "Incorrect" if the range name is not valid for use in Excel. Proposed Range Name PricePerUnit Cost Per_Unit Profit per Unit Fixed_Costs Variable CostsDark beer is purchased by the case for $18.90. There are 24 bottles in each case, and each bottle contains 12 fluid ounces. You are making brine that requires 2 ½ quarts of dark beer. How much will the beer cost for the brine?2.28 A foundry produces castings to order. An order for 20 special castings has been re- ceived. Since the casting process is highly variable, not all castings produced are good. The cost of producing each casting is $550; the additional cost of finishing a good casting is $125. If a casting is not good, it is recycled at a value of $75; excess good castings are not finished but are recycled at a value of $75. The customer has agreed to accept 15, 16, 17, 18, 19, or 20 castings at a price of $1250 each. If fewer than 15 good castings are produced, none will be purchased by the customer. Prob- ability distributions for the number of good castings produced in a batch of varying sizes are given below. How many castings should be scheduled in order to maximize expected profit? #Good Castings 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 79 2 PRODUCT, PROCESS, AND SCHEDULE DESIGN Number of Castings Scheduled 15 16 17 0.05 0.00 0.00 0.00 0.00 0.00 0.05 0.05 0.00…
- 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)…Suppose the utility function for goods x and y is given by U(x,y) = xy + y4.1. Calculate the uncompensated (Marshallian) demand functions for x and y and describe how the demand curves for x and y are shifted by changes in I or the price of the other good.4.2. Calculate the expenditure function for x and y.4.3. Use the expenditure function calculated in (4.2) to compute the compensated demand functions for goods x and y. Describe how the compensated demand curves for x and y are shifted by changes in income or by changes in the price of the other good.4.4. Given money income = 6, px = 2, py = 2, calculate CV, EV, and consumer surplus when px becomes 4.In the spreadsheet model shown below, an analyst makes the following data entries. Cell B3 B4 B5 B6 Value 110,000 83,000 82,000 92,000 A 1 Revenue 2 Month Change (%) n/a Revenue 3 January 4 February 5 March =(B4-B3)/B3 =(B5-B4)/B4 6 April =(B6-B5)/B5 What values will be shown in the following cells? (Negative values should be indicated by a minus sign. Round your answers to 2 decimal places.) Cell Value C4 C5 % C6 %
- Choose two publicly traded stocks and fill in their tickers to cells B3 and B4 of FrontSheet. For your chosen stocks, work out the following tasks. 1. On sheet Q1, compute the weekly returns of the chosen stocks over the last 150 weeks (prior to 22nd April 2024). 2. For each stock, plot a histogram of its returns. 3. Estimate the means, variances and the correlation of the two stocks. (If the computed correlation is 1 or -1, please choose a different set of stocks for all questions.) 4. Calculate the value at risk of the returns at confidence level 95% of each stock. 5. Plot the efficient frontier of a portfolio consisting of the two chosen stocks. 6. Suppose that the weekly interest rate is 0.1%. Calculate the Sharpe ratio of this port- folio. 7. How does the Sharpe ratio of such portfolio change if the weekly interest rate decreases? Justify your answer by numerical evidences.Products A,B, and C are sold door-to-door. A costs $ 3 per unit, take 10 minutes to sell (on the average) and costs $0.50 to deliver to customer. B costs $ 5, takes 15 minutes to sell, and is left with the customer at the time of sale. C costs $ 4, takes 12 minutes to sell, and costs $ 1 to deliver. During any week, a salesperson is allowed to draw up to $ 500 worth of A,B,C (at cost) and is allowed delivery expenses not to exceeds $ 75. If a salesperson’s selling time is not expected to exceed 30 hours (1,800 minutes) in a week, and if the salesperson profit (net after all expenses) is $ 1 each on a unit of A and B and $ 2 on a unit of C, what combination of sales of A, B, and C will lead to maximum profit, and what is the maximum profIt?Which of the following statements is correct regarding the EMH form? Select one: None of the answers are correct If the market is weak-form efficient, then it is also semistrong and strong-form efficient. If the market is semistrong form efficient, then it is also strong form efficient If a market is strong-form efficient, it is also semistrong and weak form efficient If the market is strong-form efficient, it is also semistrong but not weak-form efficient