Sunny Park Tailors has been asked to make three different types of wedding suits for separate customers. The table below highlights the time taken in hours for cutting and sewing? (process 1) and delivery? (process 2) of each of the suits.

??

Times Taken for Different Activities (hours)

Suit Cut and Sew Deliver

1 7 2

2 4 3

3 5 6

???????????????

For the schedule developed using the? Johnson's rule, the total length of time taken to complete the three suits? (including delivery)? =

Of the two developed? schedules, which rule gets the schedule finished sooner.??????????????????????????

In an old-fashioned amusement park ride, passengers stand inside a 5.0-m-diameter hollow steel cylinder with their backs against the wall. The cylinder begins to rotate about a vertical axis. Then the floor on which the passengers are standing suddenly drops away! If all goes well, the passengers will "stick" to the wall and not slide. Clothing has a static coefficient of friction against steel in the range 0.62 to 1.0 and a kinetic coefficient in the range 0.40 to 0.70. A sign next to the entrance says "No children under 30 kg allowed."

Q: What is the minimum angular speed, in rpm, for which the ride is safe?

In an old-fashioned amusement park ride, passengers stand inside a 4.5-m-diameter hollow steel cylinder with their backs against the wall. The cylinder begins to rotate about a vertical axis. Then the floor on which the passengers are standing suddenly drops away! If all goes well, the passengers will "stick" to the wall and not slide. Clothing has a static coefficient of friction against steel in the range 0.65 to 1.0 and a kinetic coefficient in the range 0.40 to 0.70. A sign next to the entrance says "No children under 30 kg allowed." What is the minimum angular speed, in rpm, for which the ride is safe?

Use Excel

The United States Department of Agriculture (USDA), in conjunction with the Forest Service, publishes information to assist companies in estimating the cost of building a temporary road for such activities as a timber sale. Such roads are generally built for one or two seasons of use for limited traffic and are designed with the goal of reestablishing vegetative cover on the roadway and adjacent disturbed area within ten years after the termination of the contract, permit, or lease. The timber sale contract requires out sloping, removal of culverts and ditches, and building water bars or cross ditches after the road is no longer needed. As part of this estimation process, the company needs to estimate haul costs. The USDA publishes variable costs in dollars per cubic-yard-mile of hauling dirt according to the speed with which the vehicle can drive. Speeds are mainly determined by the road width, the sight distance, the grade, the curves and the turnouts. Thus, on a steep, narrow, winding road, the speed is slow; and on a flat, straight, wide road, the speed is faster. Shown below are data on speed, cost per cubic yard for a 12 cubic yard end-dump vehicle, and cost per cubic yard for a 20 cubic yard bottom-dump vehicle. Use these data and simple regression analysis to develop models for predicting the haul cost by speed for each of these two vehicles. Discuss the strength of the models. Based on the models, predict the haul cost for 35 mph and for 45 mph for each of these vehicles.

Use Excel

The United States Department of Agriculture (USDA), in conjunction with the Forest Service, publishes information to assist companies in estimating the cost of building a temporary road for such activities as a timber sale. Such roads are generally built for one or two seasons of use for limited traffic and are designed with the goal of reestablishing vegetative cover on the roadway and adjacent disturbed area within ten years after the termination of the contract, permit, or lease. The timber sale contract requires out sloping, removal of culverts and ditches, and building water bars or cross ditches after the road is no longer needed. As part of this estimation process, the company needs to estimate haul costs. The USDA publishes variable costs in dollars per cubic-yard-mile of hauling dirt according to the speed with which the vehicle can drive. Speeds are mainly determined by the road width, the sight distance, the grade, the curves and the turnouts. Thus, on a steep, narrow, winding road, the speed is slow; and on a flat, straight, wide road, the speed is faster. Shown below are data on speed, cost per cubic yard for a 12 cubic yard end-dump vehicle, and cost per cubic yard for a 20 cubic yard bottom-dump vehicle. Use these data and simple regression analysis to develop models for predicting the haul cost by speed for each of these two vehicles. Discuss the strength of the models. Based on the models, predict the haul cost for 35 mph and for 45 mph for each of these vehicles.

The United States Department of Agriculture (USDA), in conjunction with the Forest Service, publishes information to assist companies in estimating the cost of building a temporary road for such activities as a timber sale. Such roads are generally built for one or two seasons of use for limited traffic and are designed with the goal of reestablishing vegetative cover on the roadway and adjacent disturbed area within ten years after the termination of the contract, permit, or lease. The timber sale contract requires out sloping, removal of culverts and ditches, and building water bars or cross ditches after the road is no longer needed. As part of this estimation process, the company needs to estimate haul costs. The USDA publishes variable costs in dollars per cubic-yard-mile of hauling dirt according to the speed with which the vehicle can drive. Speeds are mainly determined by the road width, the sight distance, the grade, the curves and the turnouts. Thus, on a steep, narrow, winding road, the speed is slow; and on a flat, straight, wide road, the speed is faster. Shown below are data on speed, cost per cubic yard for a 12 cubic yard end-dump vehicle, and cost per cubic yard for a 20 cubic yard bottom-dump vehicle. Use these data and simple regression analysis to develop models for predicting the haul cost by speed for each of these two vehicles. Discuss the strength of the models. Based on the models, predict the haul cost for 35 mph and for 45 mph for each of these vehicles.

*I am seeking an answer to Question 1 B.*

ABC company is considering producing a new range of smartphones that will require it to build a

new factory. Feasibility studies have been done on the factory which cost $5 million. The studies

have found the following:

1. The factory will cost $25 million and will have a useful life of 20 years.

2. The land where the factory will go is currently used as a carpark for workers and it is assumed that the company will have to pay $200000 per year for their workers to park in a nearby carpark.

3. The factory will be depreciated on a straight line basis and will have a salvage value of $0 but it is believed that most of it can be sold for scrap after 20 years for $50000.

4. Due to the nature of the business they are in, they will have to perform some environmental tests to make sure that some of the chemicals they are using are not entering the ground water around the factory. These tests will be performed every 5 years and cost $625000.

5. Through the building of this factory and the selling of the phones it produces, it’s revenue will increase by $5 million in year 1 and remain at this level for the operational life of the factory.

6. The extra costs that the company accrues per year due to the project are $435000 for labour, $50000 for overhead like power and water bills and marketing costs for the new line of phones will be $500000 per year but will decrease by $15000 per year as the phone gains greater penetration.

7. The company’s current cost of capital is 8% per year.

8. The tax rate is 30%.

9. The project requires an initial investment in working capital of $1000000 that is returned

   in year 20.

Use the above information to answer the following (IN EXCEL):

A. Calculate the free cash flows that come from this project for the 20 years it is operational. ​

B. Calculate the NPV, IRR and payback period of the project. Should they go ahead with the project?

Two enterprising youths, Mr Paul Bee and Mr Loyd Bee, have just completed the Zambia Institute of Marketing’s Postgraduate Diploma in Marketing. They opted not to look for formal employment but instead start their own business of producing and selling fresh vegetables on the Zambian market. Having learned of the future of conventional foods, they have decided to venture into the cultivation of mushroom.

Mushrooms are known to be the best alternative food for vegetarians. For paul and loyd Bee,fundraising was a serious handicap for mass production of mushroom. However, their first trial batch of mushroom was bought by Intercontinental Hotel in Lusaka. Further, the hotel placed orders for the supply of 20 kilograms of mushroom per day.

The mushroom industry in Zambia is currently run by man small entrepreneurs like Paul Bee and Loyd Bee. However, a major big player, Yong Ling Limited has just entered the market, and is equipped with modern cold storage facilities, although the company is more interested in the export market.

Paul and loyd have set their sight high. They aim to sell mushrooms in a very big way all over Zambia. Mushrooms have a great market potential in Zambia, and is a perishable food.

QUESTIONS

You are required to prepare a report to the Principal that addresses the following issues.

(a)        Identify the main strengths, weaknesses, opportunities and threats facing the business run by Paul Bee and Loyd Bee            

(b)        Advise Paul Bee and Loyd Bee on how they can increase consumer awareness of their product.

(c)        Suggest channels of distribution that Paul Bee and Loyd Bee can use to distribute their mushroom in Zambia.

This week we will have an opportunity to create and practice a phone script. The purpose of this script is to attempt to get an appointment over the telephone. Please be sure to read both Week 4 and 5 lectures before participating. Pay particular attention to the sample script presented below. Writing a successful script is a foundation of selling. This Discussion will help you start with your sales success.

Below is a sample phone script. Compare the script to the example in the lectures and identify what is missing and what needs to be added. Then, post a revised script that you believe would be more effective at getting the appointment. Create a new script to make Mr. Brown say yes!

Name of Company: Air Freeifer
Product Selling: Air Purifier

Mr. Wood: Hello, Mr. Wood speaking.

Sales Rep: Hello Mr. Wood. My name is Todd and I'm calling on behalf of Air Freeifer. We help businesses such as yours with products that will work well in hotels. I understand that you have 250 hotel rooms with 100 of them being smoking rooms, and that you might be interested in a form of Air Purification?

Mr. Wood: Yes, that is correct.

Sales Rep: Well Mr. Wood. I have several products that would work great for all of your rooms at the hotel. I will be in the area on the 20th, if you would like to set up an appointment for us to go over the available products?

Mr. Wood: I am unavailable to meet with you.

1. A group of 30 or 40 co-workers on an open manufacturing shop-floor like to play music over the loudspeakers during their work-day. They can't use individual earplugs because the work requires them to be able to communicate across the room constantly, so they all have to listen to the same music. The problem is that they all have different musical preferences and all want to hear their kind of music during the day.

What is the fair and just way to resolve this problem and who should decide? Should they put it to a vote, have the supervisor make the decision, draw lots, allow the smartest people or best workers to decide, allow equal time for each person, equal time for each style of music, more time for music liked by more people, etc...... What should they do?

2. In a public park, a small religious group wants to place a statue commemorating their religious ideals. The City Council considers this and feels that there would be no harm in doing so, but as soon as all the other numerous religious groups in the area hear about it, they also want to place statues in the park as well.

What is the just way to resolve this issue and who should decide? Should the City Council allow everyone to place statues there even if that many would clutter the area?, should they ban all statues?, should they only allow statues of well-established religions or religions with very large followings in the community?, should they hold a vote in the community to decide?, should they take the issue to court and allow a judge to decide?, etc.....What should they do?