– A low-cost furniture company relies on its customers to assemble their products.
Give some examples in which the company is not fulfilling the “Duty of Care” liability and
Negligence. Explain the differences.
In: Operations Management
A low-cost furniture company relies on its customers to assemble their products. Give some examples in which the company is not fulfilling the “Duty of Care” liability and Negligence. Explain the differences.
In: Operations Management
The number of units of a product demanded each month is a linear function of the selling price of the item. At a selling price of $10, 400 units of the product are demanded each month, and 100 units of the product are demanded each month at a selling price of $25 per item. The company that produces the product has monthly fixed costs of $1000 and each unit costs the company $4 to produce.
no calculus please!
In: Accounting
Between 1852 and 2005, carbon dioxide (CO2) concentration in the atmosphere rose from roughly 290 parts per million to 377 parts per million. Assume that this growth can be modeled with an exponential function: Upper Q equals Upper Q 0 times left parenthesis 1 plus r right parenthesis Superscript tQ=Q0×(1+r)t.
a. By experimenting with various values of the growth rate r, find an exponential function that fits the data for 1852 and 2005.
r ≈
(Round to five decimal places as needed.)
b. Use this exponential model to predict when the CO2 concentration will double its1852 level. According to this model, the CO2 concentration will double its 1852
level in...
(Type a whole number.)
In: Statistics and Probability
Between 1852 and 2005, carbon dioxide (CO2) concentration in the atmosphere rose from roughly 290 parts per million to 377 parts per million. Assume that this growth can be modeled with an exponential function: Upper Q equals Upper Q 0 times left parenthesis 1 plus r right parenthesis Superscript tQ=Q0×(1+r)t.
a. By experimenting with various values of the growth rate r, find an exponential function that fits the data for 1852 and 2005.
r ≈
(Round to five decimal places as needed.)
b. Use this exponential model to predict when the CO2 concentration will double its1852 level. According to this model, the CO2 concentration will double its 1852
level in...
(Type a whole number.)
In: Statistics and Probability
On October 14, 2005, eBay acquired all of the outstanding securities of Skype Technologies S.A. (“Skype”), for a total initial consideration of approximately $2.6 billion, plus potential performance based payments of approximately $1.3 billion (based on the euro–dollar exchange rate at the time of the acquisition and using an income approach to estimating the value of the earnout). The initial consideration of approximately $2.6 billion was comprised of approximately $1.3 billion in cash and 32.8 million shares of eBay’s common stock. For accounting purposes, the stock portion of the initial consideration was valued at approximately $1.3 billion based on the average closing price of eBay common stock surrounding the acquisition announcement date of September 12, 2005. Prepare the journal entry on eBay’s books to record the acquisition.
In: Accounting
What is crack spread and how is it calculated?
Hint: Difference between the price of jet fuel and other products produced from crude oil and the price of crude oil. Barrel of crude oil produces how much jet fuel
Suppose we consider buying oil and selling gasoline and heating oil in August. On June 2, 2004, the July futures price for oil was $39.96/barrel or $0.9513/gallon (42 gallons in a barrel). The August futures price for unleaded gasoline and heating oil were $1.2427/gallon and $1.0171/gallon. The 3-2-1 crack spread means that we can produce from 3 gallons of crude oil 2 gallons of gasoline and 1 gallon of heating oil.
Therefore the “Crack Spread” is
2 x ($1.2427) + $1.0171 – (3 x $0.9514) = $0.6482 * (42)/3 = $9.0748/barrel
In: Finance
Office Equipment, Inc. (OEI) leases automatic mailing machines to business customers in Fort Wayne, Indiana. The company built its success on a reputation of providing timely maintenance and repair service. Each OEI service contract states that a service technician will arrive at a customer’s business site within an average of 3 hours from the time that the customer notifies OEI of an equipment problem.
Currently, OEI has 10 customers with service contracts. One service technician is responsible for handling all service calls. A statistical analysis of historical service records indicates that a customer requests a service call at an average rate of one call per 50 hours of operation. If the service technician is available when a customer calls for service, it takes the technician an average of 1 hour of travel time to reach the customer’s office and an average of 1.5 hours to complete the repair service. However, if the service technician is busy with another customer when a new customer calls for service, the technician completes the current service call and any other waiting service calls before responding to the new service call. In such cases, after the technician is free from all existing service commitments, the technician takes an average of 1 hour of travel time to reach the new customer’s office and an average of 1.5 hours to complete the repair service. The cost of the service technician is $80 per hour. The downtime cost (wait time and service time) for customers is $100 per hour.
OEI is planning to expand its business. Within 1 year, OEI projects that it will have 20 customers, and within 2 years, OEI projects that it will have 30 customers. Although OEI is satisfied that one service technician can handle the 10 existing customers, management is concerned about the ability of one technician to meet the average 3-hour service call guarantee when the OEI customer base expands. In a recent planning meeting, the marketing manager made a proposal to add a second service technician when OEI reaches 20 customers and to add a third service technician when OEI reaches 30 customers. Before making a final decision, management would like an analysis of OEI service capabilities. OEI is particularly interested in meeting the average 3-hour waiting time guarantee at the lowest possible total cost.
In: Math
Office Equipment, Inc. (OEI) leases automatic mailing machines to business customers in Fort Wayne, Indiana. The company built its success on a reputation of providing timely maintenance and repair service. Each OEI service contract states that a service technician will arrive at a customer’s business site within an average of 3 hours from the time that the customer notifies OEI of an equipment problem.
Currently, OEI has 10 customers with service contracts. One service technician is responsible for handling all service calls. A statistical analysis of historical service records indicates that a customer requests a service call at an average rate of one call per 50 hours of operation. If the service technician is available when a customer calls for service, it takes the technician an average of 1 hour of travel time to reach the customer’s office and an average of 1.5 hours to complete the repair service. However, if the service technician is busy with another customer when a new customer calls for service, the technician completes the current service call and any other waiting service calls before responding to the new service call. In such cases, after the technician is free from all existing service commitments, the technician takes an average of 1 hour of travel time to reach the new customer’s office and an average of 1.5 hours to complete the repair service. The cost of the service technician is $80 per hour. The downtime cost (wait time and service time) for customers is $100 per hour.
OEI is planning to expand its business. Within 1 year, OEI projects that it will have 20 customers, and within 2 years, OEI projects that it will have 30 customers. Although OEI is satisfied that one service technician can handle the 10 existing customers, management is concerned about the ability of one technician to meet the average 3-hour service call guarantee when the OEI customer base expands. In a recent planning meeting, the marketing manager made a proposal to add a second service technician when OEI reaches 20 customers and to add a third service technician when OEI reaches 30 customers. Before making a final decision, management would like an analysis of OEI service capabilities. OEI is particularly interested in meeting the average 3-hour waiting time guarantee at the lowest possible total cost.
In: Math
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A. Fill in the blank
- cyclical - countervailing - medium of exchange
- expansionary -expansionary monetary policy - trough
- bank rate - required reserve ratio - frictional
- dumping - contractionary monetary policy - automatic
- excess reserve ratio - store of value - contraction
a) Commercial banks hold a fraction of their deposits in cash in their vaults (or as deposits with the central bank). This fraction is known as the
b) The most direct way in which money replaces barter is through its use as a
c) A company of the Kenya has excess products that it does not want to sell into the Kenya market because it will bring down the domestic price and instead sells it in another country at below the cost of production. This situation is referred to as
d) The period of the business cycle in which real GDP is decreasing is called the
e) Workers at a steel plant are laid off because the economy is weak and the demand for products requiring steel has is an example of unemployment.
f) Declining oil prices from 2008 through the second quarter of 2010 has caused many economies to slow down. This has caused bank profits to decline, making Canadian banks vulnerable to a recession. The appropriate policy to be implemented is fiscal policy.
g) As housing prices began to drop and the economy slowed, the central bank began cutting its discount rate from 5.25% in June 2005 all the way to 0% by the end of 2006. With the economy still weak, it embarked on purchases of government securities from January 2007 until August 2012, for a total of $3.7 trillion. This is an example of
B. State the type of discretionary fiscal policy implemented or to be implemented by the government of Lota in the following events:
|
Event |
Type of discretionary fiscal policy |
|
|
a) |
The Economic Stimulus Act of 2008, in which the government of Lota attempted to boost the economy by deducting $600 or $1,200 depending on taxpayers' marital status and number of dependents. The total cost was $152 (1 mark) |
|
|
b) |
Declining oil prices from 2016 through the second quarter of 2018 have caused many economies to slow down. Keil was hit specifically hard in the first half of 2018, with almost one-third of its entire economy based in the energy sector. This has caused bank profits to decline, making banks in Keil vulnerable to a recession. (1 mark) |
|
|
c) |
Keil has inflation rate of 17% as compared to historical average of 3%, and unemployment rate of 0.2% as compared with natural unemployment rate of 4%. (1 mark) |
|
|
d) |
The Keil economy is growing at a furious rate of 10% GDP per year in which this level of economic growth is unsustainable and can lead to hyperinflation. (1 mark) |
In: Economics