QUESTION 1Kofi Kwakye is a 17-year old final year Senior High student from a wealthy home. His academic life had beenquite eventful, as he had been part of the top 10 students in his class and had dropped to be part of the last 10students during the past school term. On 28th May 2022, in the heat of the preparation towards the finalexamination, Kofi Kwakye took exeat from school to acquire some "provisions" to enable him cope during thefinal exam period, which was three months ahead. He entered a shop in Accra and, instead of focusing on the"provisions", he purchasee the following items: Microsoft Xbox, the latest iPhone, and a three-piece suit byPierre Cardin.Kofi Kwakye did not have enough money to pay for all the items at once. He, therefore, agreed with the shopowner, Mr. Ametepe, to pay the outstanding amount owed in five instalments. However, after paying the firstinstalment, Kofi Kwakye fell into arrears. The two parties then entered into another arrangement under whichKofi Kwakye was to work for Mr. Ametepe for three months without any salary for Kofi Kwakye's debt to beforgiven.Kofi Kwakye has started working, but the work is affecting his preparation towards the final exams. The parentsof Kofi Kwakye have just got to know about these issues and are worried about the transactions. They haveapproached you as a renowned expert in Legal Aspects of Business to assist them.Advise them accordingly.1 I also owns the biggest

Kofi Kwakye, a 17-year-old senior in high school, belongs to a wealthy clan. He had quite exciting…

Answered: Kofi Kwakye forgiven. Kofi Kwakye has…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Q/Choose a suitable question for each of the following answers. 1-Harry works for an international company in Dallas. * Where Harry is working and in which place? For what company Harry does work and where? For what and where does Harry work ? Does Harry work in an international company in Dallas?
QUESTION # 7 A small restaurant offers tacos to their patrons. One of their specialties is the Mega Taco Supreme. A weekly forecast of the demand of this special taco is to be made in order for the manager to order taco shells in time. Recently the demand has been as follows: Week Tacos Week Таcos April 6 April 13 Аpril 20 April 27 May 4 Мay 11 56 60 65 56 55 50 a. Forecast the demand for the taco for April 27 to May 18 by using the simple moving average method with n-3. Then repeat the forecast by using the weighted moving average method with n=3 and weights of 0.5, 0.3, and 0.2 with 0.5 applied to the most recent demand. b. Calculate the MAD for each method and compare.
Question Completion Status: Year 1 2 seconds. Tucson Macninary, Inc. manufacturers numerically controlled macnines (NCMS), which sell for an average price of $0.5 million each. Sales for these NCMS for the past two years were as follows: P Quarter 1 Quarter 2 Quarter 3 Quarter 4 12 18 26 16 16 24 28 18 What season factor would be associated with the fourth quarter? Show the formula you used and how you derived the answer. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial A Moving to another question will save this response. 10pt hyji 27 描く A Bb toggle_stat... A N IQ5 0 WORDS POWERED BY TINY Question 8 of 19 > >> 1:34 PM 9/30/2022
QUESTION 2 Ayuni is an entrepreneur who specializes in baking. She has been operating her business from home for the past three (3) years and based in Shah Alam. Her customers are mostly returning customers. Even though she is comfortable with her current customers base, she realizes that she needs to expand her customer base to remain competitive in the business and to grow her business further. After doing some research, she knows that she can leverage on the advancement of technology to expand her customer base and get new customers. Elaborate with example, TWO (2) suggestions for Ayuni to use the technology to get new customers.
Question: Round Tree Manor is a hotel that provides two types of rooms with three rental classes: Super Saver, Deluxe, and Business. The profit per night for each type of room and rental class is as follows: Rental Class Room Super Saver Deluxe Business Type I $35$ 37— Type II $24 $34$ 43 Type I rooms do not have wireless Internet access and are not available for the Business rental class. Round Tree's management makes a forecast of the demand by rental class for each night in the future. A linear programming model developed to maximize profit is used to determine how many reservations to accept for each rental class. The demand forecast for a particular night is 120 rentals in the Super Saver class, 65 rentals in the Deluxe class, and 40 rentals in the Business class. Round Tree has 105 Type I rooms and 115 Type II rooms. Use linear programming to determine how many reservations to accept in each rental class and how the reservations should be allocated to room types.…
Compute for MAD, MSE and MAPE using Moving Average Model (past 3 Weeks), В. А. Exponential Smoothing Model (a = 0.2) С. What is your sales forecast for Period 8 using A and B? Period Actual Sales Forecast Error Error Error |Error %| 1 39 44 3 40 4 45 5 38 6. 43 7. 39 MAD MSE МАРЕ Compute for MAD, MSE, and MAPE using the Moving Average Model (past 3 weeks). Use two decimal places and do not put unit of measurement (UoM). (for example 35.00 or 35.40) MAD is Blank 1. MSE is Blank 2. MAPE is Blank 3%. Blank 1 Add your answer Blank 2 Add your answer Blank 3 Add your answer Compute for MAD, MSE, and MAPE using the Exponential Smoothening Model (a=0.2). Use two decimal places and do not put unit of measurement (UoM). (for example 35.00 or 35.40) MAD is Blank 1. MSE is Blank 2. MAPE is Blank 3%. Blank 1 Add your answer Blank 2 Add your answer Blank 3 Add your answer What is your sales forecast for period 8 using Moving Average Model and Exponential Smoothing Model? Use two decimal places and…
Scenario for question Thabo Auto Parts is a very small scrapyard in Bloemfontein that started operating in February 2021 and they sell parts for BMW cars. Currently, they serve the customers in Bloemfontein. Even though Thabo Auto Parts has a limited marketing budget and few resources (e.g., employees), they are considering engaging in digital marketing. They already have a Facebook account that is used once a week to only post items on promotion to their 50 followers. Thabo Auto Parts manager states that they have seen too little benefits from marketing on Facebook, and they are, therefore, reluctant to invest further into digital marketing. The manager of Thabo Auto Parts has approached you for advice Identify the mistakes, if any, that Thabo Auto Parts did when using Facebook for marketing, discuss what they should consider for optimal benefits of Facebook marketing
Scenario for question Thabo Auto Parts is a very small scrapyard in Bloemfontein that started operating in February 2021 and they sell parts for BMW cars. Currently, they serve the customers in Bloemfontein. Even though Thabo Auto Parts has a limited marketing budget and few resources (e.g., employees), they are considering engaging in digital marketing. They already have a Facebook account that is used once a week to only post items on promotion to their 50 followers. Thabo Auto Parts manager states that they have seen too little benefits from marketing on Facebook, and they are, therefore, reluctant to invest further into digital marketing. The manager of Thabo Auto Parts has approached you for advice Explain to the Thabo Auto Parts manager what impact will digital marketing have on their business and suggest the three most appropriate digital marketing strategies (other than Facebook) for Thabo Auto Parts? You also need to explain why the three digital marketing strategies you…
Scenario for question Thabo Auto Parts is a very small scrapyard in Bloemfontein that started operating in February 2021 and they sell parts for BMW cars. Currently, they serve the customers in Bloemfontein. Even though Thabo Auto Parts has a limited marketing budget and few resources (e.g., employees), they are considering engaging in digital marketing. They already have a Facebook account that is used once a week to only post items on promotion to their 50 followers. Thabo Auto Parts manager states that they have seen too little benefits from marketing on Facebook, and they are, therefore, reluctant to invest further into digital marketing. The manager of Thabo Auto Parts has approached you for advice Discuss which copyrights, patent or trade secret, if any, will result from this work.
Problem 7-09 (Algorithmic) Hawkins Manufacturing Company produces connecting rods for 4- and 6-cylinder automobile engines using the same production line. The cost required to set up the production line to produce the 4-cylinder connecting rods is $1,400, and the cost required to set up the production line for the 6-cylinder connecting rods is $3,100. Manufacturing costs are $15 for each 4-cylinder connecting rod and $18 for each 6-cylinder connecting rod. Hawkins makes a decision at the end of each week as to which product will be manufactured the following week. If a production changeover is necessary from one week to the next, the weekend is used to reconfigure the production line. Once the line has been set up, the weekly production capacities are 6,500 6-cylinder connecting rods and 8,200 4-cylinder connecting rods. Let X4 = the number of 4-cylinder connecting rods produced next week X6 = the number of 6-cylinder connecting rods produced next week S4= 1 if the production line is…
QUESTION 3 The demand for SMART TVs at Makro adheres to the following probability distribution: Lead Demand per day 1 0.10 0.25 1 2 3 2 3 4 4 Time 4 Probability 0.3 0.2 0.1 0.05 0.60 0.25 0.1 0.05 In order to meet the demands, the store orders 12 TVs whenever the stock level is at 3 units. Management is trying to maintain low inventory levels. The holding cost is R75/unit/day; the ordering cost is R200 per order. The lost sale cost is R100/unit/day and currently, there are 4 units in stock. 1. Simulate a 12-day inventory management scenario, assuming that there is an outstanding order of 6 units that will arrive on day one. NB: show all the steps! 2. Make a brief analysis of the simulation results. 3. What is the daily inventory management cost?
QUESTION I Automobile Alliance, a large automobile manufacturing company, organizes the vehicles it manufactures into three families: a family of trucks, a family of small cars, and a family of midsized and luxury cars. One plant outside Detroit, MI, assembles two models from the family of midsized and luxury cars. The first model, the Family Thrillseeker, is a four-door sedan with vinyl seats. plastic interior, standard features, and excellent gas mileage. It is marketed as a smart buy for middle- class families with tight budgets, and each Family Thrillseeker sold generates a modest profit of $3,600 for the company. The second model, the Classy Cruiser, is a two-door luxury sedan with leather seats, wooden interior, custom features, and navigational capabilities. It is marketed as a privilege of affluence for upper-middle-class families, and each Classy Cruiser sold generates a healthy profit of $5,400 for the company. Rachel Rosencrantz, the manager of the assembly plant, is…

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