Operations
Q: Develop a production plan and calculate the annual cost for a firm whose demand forecast is fall,…
A: Prepare the production plan of the company. as shown below: Calculate the time taken for the…
Q: The owner of a large machine ship has just finished its financial analysis from the prior fiscal…
A: Net Revenue(N) = $500,000 Cost of goods sold(COGS) = $328,250 Value of product material on hand(M)=…
Q: Alma has decided to purchase a cell phone with Internetaccess and must choose a rate plan. The…
A: Let A stay the no: of hrs at which promote from chance user to common user, the plan should occur.…
Q: The airline industry has suffered recent setbacks, such as the highcost of fuel, which have forced…
A: Quality items make a significant commitment to long-haul income and benefit. Quality is basic to…
Q: Zan Azlett and Angela Zesiger have joined forces to start A&Z Lettuce Products, a processor of…
A: Break-even point (BEP) identify the point of revenue or quantity of item which facilitate the no…
Q: Appliance Apps has the following costs associated with its production and sale of devices that allow…
A: WORKING NOTES : 1 beginning Inventory - Units…
Q: In a service setting, what general operations–related variable is not available compared to a…
A: Services do not possess inventories: It cannot be stored for future use like production, whenever…
Q: Zan Azlett and Angela Zesiger have joined forces to start A&Z Lettuce Products, a processor of…
A: Break-even quantity is the quantity where the production cost and the production revenue of an…
Q: he following data below gives information for ABCO building supplies. Cost of goods sold last year…
A: Inventory Turnover Ratio is calculated with the help of following formula Inventory Turnover Ratio…
Q: Given the demand, cost, and operating data shown below, evaluate the following production plans:…
A: Find the Given details below: Month January February March April May June Total Demand (Unit)…
Q: Suppose the newsvendor model describes a firm’s operations decision. Is it possible to havepositive…
A: The newsvendor model or newsboy model is operations management that describes a firm’s operations…
Q: What other factors should Jack and Mary consider in making their decisions to accept or reject the…
A: In the above case for the costs incurred in manufacturing as well as the sale price is mentioned in…
Q: Zan Azlett and Angela Zesiger have joined forces to start A&Z Lettuce Products, a processor of…
A: (a) break even quantity =?at break even pointTR=TC TR - total revenue…
Q: The King Corporation has ending inventory of $386,735, and cost of goods sold for the year just…
A: Closing Inventory of King Corporation => $386,735 Cost of goods sold for the year =>…
Q: The owner of a large machine shop has just finished its financial analysis from the prior fiscal…
A: Given Report - Net revenue 343,000 Cost of goods sold 302,000 Value of production…
Q: Discuss why Manufacturing firms should use demand leading instead of demand trailing capacity…
A: Request driving Demand driving methodology is an understanding to build the interest. Lead request…
Q: Give three examples of services you are familiar with that include all of the following: there is an…
A: (1) Self service restaurant: In this the service is intangible as first the customer needs to order…
Q: Hello! So what is the maximum daily profit obtainable for Prime Paints in the manufacture of these…
A: Linear programming is a mathematical technique that is also used in operations management…
Q: As an operations management consultant, you have been asked to evaluate a furniture manufacturer’s…
A: Sales = $23.5 million Cost of products sold = $20.8 million Operating weeks a year = 50 weeks Total…
Q: Boats Ltd provides a boat repair service. Each month 8,000 direct labour hours are worked and…
A: Monthly Overhead 120,000 / Direct Labor Hours 8,000 Overhead rate 15 Direct…
Q: determine the break-even point of the firm.
A: Breakeven point is the number of unit or total value of the sales revenue which indicating no profit…
Q: a) Define operational risk? b) Why are operational risk capital requirements difficult to estimate…
A: The core objective of operations management is to identify the potential risks and their impacts on…
Q: As an operations management consultant, you have been asked to evaluate a furniture manufacturer’s…
A: The cash-to-cash conversion cycle is one of the most crucial financial metrices for supply chain…
Q: Zan Azlett and Angela Zesiger have joined forces to start A&Z Lettuce Products, a processor of…
A: Your break-even point is the point at which complete revenue approaches all out expenses or costs.…
Q: A producer of felt-tip pens has received a forecast of demand of 30,000 pens for the coming month…
A: Demand (D) = 30,000 pens per month Fixed costs (FC) = $25,000 per month Variable costs (VC) = $0.37…
Q: Mavis and John have joined forces to start M&J Food Products, a processor of packaged shredded…
A:
Q: Required: Analyse the risks associated with the following business processes of a manufacturing…
A: The above case study depicts typical example of order to delivery cycle of a manufacturing company.…
Q: Jack’s Packs manufactures backpacks made from microfabrics.The cutting department prepares the…
A: Formula:
Q: snip
A: Service operations comprise working with proficient service teams, client success groups, client…
Q: You work for the Brad's Nailer Company which manufactures two types of nailers: a pneumatic model…
A: Decision variables: X1 = Units of Pneum. model X2 = Units of Cordless model Objective function:…
Q: Refer to the flow chart above about Self Service Supermarket transaction flow (as a big picture), as…
A: As in the given flowchart, a self service supermarket transaction flow is depicted, We are required…
Q: A manager has prepared a forecast of expected aggregate demand for the next six months. Develop an…
A: A level strategy refers to when an aggregate plan is produced such that a steady production rate…
Q: Togo makes riding lawn mowers and tractors. The company's expected quarterly demand is given below…
A: Given- Production cost per unit = $210Inventory carrying cost = $30Hiring cost per worker =…
Q: Zan Azlett and Angela Zesiger have joined forces to start A&Z Lettuce Products, a processor of…
A: Indifference point indicating the calculation of crossover point using two different methods. Here,…
Q: Justify the levels used in the operations planning and scheduling process.
A: Operations planning and scheduling systems are a mixture of two mechanisms that deal with the amount…
Q: As an operations management consultant, you have been asked to evaluate a furniture manufacturer’s…
A: Given, Average inventory = $2,150,000 Total accounts receivables = $2,455,000 Total accounts…
Q: Samson is trying to solve the inventory needs for his fidget spinner business. He is in talks with…
A: Production is the process of converting inputs into finished products and services for the…
Q: carrying costs of $20 per unit per month, and zero beginning and ending inventory, evaluate the…
A: Loss of revenue and customers as a result of a stockout include stockout charges. This is especially…
Q: Five investors are planning to venture into a supermarket business with a total contribution of RM5…
A: Investors are the firms or people who invest their money in the the company or property with the aim…
Q: Develop an aggregate plan that matches the forecast and compute the total cost of your plan. Regular…
A: Aggregate planning refers to the “big picture” approach involved in planning, wherein the aggregate…
Q: Develop a production plan and calculate the annual cost for a firm whose demand forecast is: fall,…
A: The factor rating method involves all qualitative and quantitative inputs, and it evaluates…
You are the Operations Manager of the UBSC which has an artificial soccer pitch. The club closes at 4 p.m. on Saturday. A community soccer club approaches you and asks to hire it from 4 p.m. until 6 p.m. If the pitch is open for public use you must provide staff, which will cost $30 per hour. What price should you charge for the hire and what are your business considerations?
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- 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?b. If management has been offered the option of a temporary lease while the town planning board considers the motel's application, would you advise management to sign the lease? The lease will cost $40,000. X Answer is not complete. because the cost than EVPI Yes less is of
- Explain the questions BelowWhich type of payment gives a physician the most incentive to: (a) Spend more time with each patient? Spend less? (b) Provide more laboratory services to each patient? Provide less? (c) Modify the listing of diagnoses to increase revenues? Be objective? (d) Reduce hospital utilization? Increase hospital utilization? (e) Ask patients to return frequently? Try to handle problems once and for all?Suggest ONE advantage of having an insurance policy and ONE contributingfactor to errors in allocation of deductions from the perspective of an Operational Manager in the Claims Department. Suggest ONE advantage of having an insurance policy and ONE contributingfactor to errors in allocation of deductions from the perspective of an Strategic Manager in Underwriting Department.
- Could you explain the below answer in short?Janet is providing her personal assistant services in a very competitive city. She has decided to lower her hourly rate by 10% in order to maintain all her current clients. What warning would you provide to Janet in lowering her rate? this could be perceived as offering a lower quality of service she needs to assess what this does to her net income all of the warnings noted in the options are things to consider this could increase demand for her services resulting in increasing costs4 To meet the prelicensing education requirement, an Individual must successfully complete: A) 10 hours of education, Including include 3 hours of federal law and regulations training, 3 hours of ethics training, and 2 hours of training relate standards for the nontraditional mortgage product marketplace B) 15 hours of education, including 3 hours of federal law and regulations training, 3 hours of ethics training, and 2 hours of training related to the nontraditional mortgage product marketplace. C) 20 hours of education, Including 3 hours of federal law and regulations training, 3 hours of ethics training, and 2 hours of training the nontraditional mortgage product marketplace. D) 25 hours of education, Including 3 hours of federal law and regulations training, 3 hours of ethics training, and 2 hours of training related to lend the nontraditional mortgage product marketplace.
- A client of yours comes to you wondering about overtime. They are working regular 45 hour weeks and not receiving overtime. Without actual specific information on certain necessities, you know your client is a hourly vet tech (does not require a degree) at a local Veterinary office with 4 veterinarians and approx. 10 total staff. Explain your answer using reasonable rational assumptions about information you will need to answer your client. Does this Employee deserve overtime pay? A detailed answers citing specific law requirements is required.You are in your new job as the Chief Financial Officer for a hospital that is struggling with patient collections and you may have to recommend staff reductions to keep the hospital solvent, what ways would you use to boost collection of patient financial responsibility and what would you do if the patient still cannot pay?[The following information applies to the questions displayed below.] Harbortown Marine Products (HMP) manufactures and sells various fixtures for boat cabins. One fixture uses a specialized fitting that is not used in any other HMP product. The management of HMP has considered outsourcing the fitting for several years but has never identified a suitable supplier. HMP has collected the following data on the cost of the fitting: Materials Labor Manufacturing overhead Total Rivard Fittings, a local auto supplier, contacts HMP and tells them that because of the loss of one of Rivard's customers, there is enough capacity to produce up to 5,000 units of the fitting monthly. Rivard has offered to sell HMP any quantity (up to 5,000 units monthly) at a price of $20 per fitting. $ 6.40 4.80 14.40 $ 25.60 If Rivard supplies all of the 3,000 fittings currently produced by HMP, HMP will avoid all of the variable overhead associated with the fitting and one-third of the fixed overhead. Management…