Questions
A company has a production at a rate of 200 units per day. 80 units will...

  1. A company has a production at a rate of 200 units per day. 80 units will be sold daily. The production will take place five days a week, 48 weeks a year. It usually takes a full day to get the machine ready for another production run, at a cost of $300. Inventory holding costs will be $10 a year. (calculate to2 decimal places)

a. What is the optional run size and lowest annual cost for carrying and setup?

b. What are the cycle time and run time for the optimal run quantity?

c. If the company wants to run another production for a new product between runs of this item, and needs a minimum of 10 days per cycle for the other work, will there be enough time?

In: Operations Management

Write a program that uses a structure to store the following weather data for a particular...

Write a program that uses a structure to store the following weather data for a particular month: Total Rainfall High Temperature Low Temperature Average Temperature.

The program should have an array of 12 structures to hold weather data for an entire year.

When the program runs, it should ask the user to enter data for each month. (The average temperature should be calculated.)

Once the data are entered for all the months, the program should calculate and display the average monthly rainfall, the total rainfall for the year, the highest and lowest temperatures for the year (and the months they occurred in), and the average of all the monthly average temperatures. Input Validation: Only accept temperatures within the range between –100 and +140 degrees Fahrenheit.

In: Computer Science

9. A 60 kg football receiver starts from rest, accelerating at a rate of 0.36 g’s...

9. A 60 kg football receiver starts from rest, accelerating at a rate of 0.36 g’s for 1.42 seconds until he runs as fast as he can. A ball of mass 0.25 kg is thrown, and the player catches the ball 3.35 seconds after the play starts. If the ball is travelling at 16 m/s when the player catches it, (a) how far down field did the player catch it, (b) what will the player’s final speed be after catching the ball, (c) what are the kinetic energies of the ball and player separately before the catch, and (d) what is the kinetic energy of the ball – player system after the catch? (e) Compare your results of (c) and (d) and explain.

In: Physics

JAVA PROGRAM, Create the game "Rock, Scissor, Paper": Make the AI pick randomly. You need to...

JAVA PROGRAM, Create the game "Rock, Scissor, Paper":

  1. Make the AI pick randomly. You need to look up Random numbers in Java.
  2. First ask the user what language they want to play in. Choice 1 is English, but choice 2 can be whatever real language you want.
  3. Your first loop is making sure they enter good input.
  4. If there is a tie you don't give them the option to play again. They have to.
  5. Outer loop runs until they say they don't want to play again.
  6. Display how many wins and losses the player had only after they quit. Remember, variables are free. If you need the computer to keep track of something, make a variable.

In: Computer Science

PYTHON WHILE Write a program that prompts for and reads the number ? of spheres to...

PYTHON WHILE Write a program that prompts for and reads the number ? of spheres to be processed. If ?≤0 your program must display an error message and terminate; otherwise it does the following for ? times:

  • Write a program that prompts for and reads the number ?n of spheres to be processed. If ?≤0n≤0 your program must display an error message and terminate; otherwise it does the following for ?n times:
    • Prompts for and reads the volume of a sphere, it then displays the surface area of the sphere with that volume. Assume that each volume is in cubic centimeters.
  • The program finally displays the average of the surface areas of the ?n spheres.
  • Please note that
    • ?=3.14159π=3.14159.
    • volume =43??3=43πr3.
    • surface area =4??2=4πr2.
  • The following are sample runs of the program.

In: Computer Science

The number of heart surgeries performed at Heartville General Hospital has increased steadily over the past several years.

The number of heart surgeries performed at Heartville General Hospital has increased steadily over the past several years. Th

The number of heart surgeries performed at Heartville General Hospital has increased steadily over the past several years. The hospital's administration is seeking the best method to forecast the demand for such surgeries in year 6. The data for the past five years are shown below. 

Year12345
Demand4447545761

The hospital's administration is considering the following forecasting methods. Begin error measurement in year 3, so all methods are compared for the same years 

i. Exponential smoothing, with a 0.6. Let the initial forecast for year 1 be 44, the same as the actual demand. 

ii, Exponential smoothing, with o: 0.9 Let the initial forecast for year 1 be 44, the same as the actual demand. 

iii. Trend projection with regression 

iv. Two-year moving average.

 v. Two-year weighted moving average, using weights 0.6 and 0.4, with the more recent data given more weight. 


If MAD is the performance criterion chosen by the administration, which forecasting method should it choose? Trend projection with regression

 If MSE is the performance criterion chosen by the administration, which forecasting method should it choose?

In: Other

Sales price, y (thousands) Square feet, x1 Rooms, x2 Bedrooms, x3 Age, x4 53.5 1008 5...

Sales price, y (thousands) Square feet, x1 Rooms, x2 Bedrooms, x3 Age, x4
53.5 1008 5 2 35
49 1290 6 3 36
50.5 860 8 2 36
49.9 912 5 3 41
52 1204 6 3 40
55 1204 5 3 10
80.5 1764 8 4 64
86 1600 7 3 19
69 1255 5 3 16
149 3600 10 5 17
46 864 5 3 37
38 720 4 2 41
49.5 1008 6 3 35
103 1950 8 3 52
152.5 2086 7 3 12
85 2011 9 4 76
60 1465 6 3 102
58.5 1232 5 2 69
101 1736 7 3 67
79.4 1296 6 3 11
125 1996 7 3 9
87.9 1874 5 2 14
80 1580 5 3 11
94 1920 5 3 14
74 1430 9 3 16
69 1486 6 3 27
63 1008 5 2 35
67.5 1282 5 3 20
35 1134 5 2 74
142.5 2400 9 4 15
92.2 1701 5 3 15
56 1020 6 3 16
63 1053 5 2 24
60 1728 6 3 26
34 416 3 1 42
52 1040 5 2 9
75 1496 6 3 30
93 1936 8 4 39
60 1904 7 4 32
73 1080 5 2 24
71 1768 8 4 74
83 1503 6 3 14
90 1736 7 3 16
83 1695 6 3 12
115 2186 8 4 12
50 888 5 2 34
55.2 1120 6 3 29
61 1400 5 3 33
147 2165 7 3 2
210 2353 8 4 15
60 1536 6 3 36
100 1972 8 3 37
44.5 1120 5 3 27
55 1664 7 3 79
53.4 925 5 3 20
65 1288 5 3 2
73 1400 5 3 2
40 1376 6 3 103
141 2038 12 4 62
68 1572 6 3 29
139 1545 6 3 9
140 1993 6 3 4
55 1130 5 2 21

The excel data file named “Family-Residences Data” (posted in the content area under Week IX) presents the sale price y (thousands), square footage (x1), number of rooms (x2), number of bedrooms (x3), and age (x4) for each of 63 single-family residences sold in Oxford, Ohio. Use any software of your choice to conduct a multiple regression analysis for this data set. Use the result of this analysis to answer the questions below.

1. Write a regression model that relates the dependent variable to the independent variables.

2. Interpret the error term in this model. What does it represent?

3. Identify the least squares point estimates of b0, b1, b2, b3, and b4 from your software output. Approximate these to four decimal places when necessary.

4. Write a multiple regression equation that relates sale price to square footage, number of rooms, number of bedrooms, and age.

5. Does the model explain a substantial portion of the variability in sale prices? Explain.

6. Do the signs and magnitudes of the estimated coefficients appear to be reasonable? Explain.

7. Write the multiple regression hypotheses to be tested.

8. Use F test to test the adequacy of the model with a = .05. Interpret the result of this test.

9. Use the p-value from your software output to test the importance of each of the independent variables x1, x2, x3, and x4 at a= .05. Which variables are not important? Explain.

10. Use the residential sales estimated equation to predict sales price of a residence that has 1700 square feet, seven rooms, and three bedrooms and is 15 years old.

In: Statistics and Probability

Suppose there are two beer companies. One produces a beer that has a high alcohol content...

Suppose there are two beer companies. One produces a beer that has a high alcohol content (ABV 10%), while the other company produces a light beer that has a low ABV (5%). Assume there are 50 consumers whose preferences for alcohol content (ABV) are uniformly distributed between 5% and 10%. Consumers all value drinking a beer their ideal beer at $10 but dislike a beer with a different ABV than their ideal ABV by $1 per percentage point. That is, if I prefer a beer with 6% ABV and I drink the light beer, my utility will be $1 lower. If I prefer a beer with 5.5% and I drink the light beer my utility will be $0.50 lower. Marginal cost is the same for both companies and is equal to $1. The two companies compete by choosing prices simultaneously.

1. What is the utility of purchasing the low ABV beer for a consumer whose preferred beer contains x ABV?

2. What is the utility of purchasing the high ABV beer for a consumer whose preferred beer contains x ABV?

3. Find an expression for the “location” of marginal consumer given pl and ph. In other words, given prices, what is the ABV preference for a consumer who is indifferent between consuming the light beer and the heavy beer. Call this function x m(pl , ph).

4. What happens to the “location” of the marginal consumer as the price of the heavy beer increases?

5. Using this expression, what is the demand curve for the two beers?

6. What is the profit function for each firm?

7. What is the best response function of each firm?

8. Solve for the pure strategy Nash Equilibrium in prices. What are profits in this equilibrium?

In: Economics

Cheshire Plants is delivering the monthly supply of their fine product to their seven customers. The...

Cheshire Plants is delivering the monthly supply of their fine product to their seven customers. The distances in miles between the customers are shown in the table and, wishing to be as efficient as possible, the driver would like to find the shortest route that takes her from the starting point A to every customer and then back to the starting point. Use the nearest neighbor heuristic to identify a route that would minimize the distance traveled. Show work

From/To A B C D E F G H
A 0 288 231 210 89 216 118 264
B 62 0 51 166 211 36 223 270
C 176 196 0 126 90 235 190 83
D 210 216 86 0 171 46 276 125
E 223 93 242 160 0 238 104 139
F 193 44 73 79 137 0 50 196
G 255 275 241 116 41 293 0 164
H 271 31 33 79 52 107 225 0

In: Operations Management

You are an Audit Senior currently planning the 30 June 20X9 audit of Technology Limited, an...

You are an Audit Senior currently planning the 30 June 20X9 audit of Technology Limited, an Australian-owned company that produces and exports computer chips to China. At a recent planning meeting with Technology Limited’s senior staff, you obtained the following overview of this year’s operations:

Tight checks by Australian custom officials have delayed several shipments of computer chips. These delays have angered Chinese customers who are threatening to deduct 20% from the amounts owing as compensation for lost production time.

One of Technology Limited’s customers, Blue Chip Limited, is claiming that the latest batch of computer chips it received was found to be faulty. Blue Chip Limited is refusing to pay its account, which is allegedly seven months overdue. Technology Limited has claimed to have launched an investigation into the allegations, but as yet not been able to substantiate them. Technology Limited has suffered significant cash flow problems because another major customer, Creative Limited (Creative), is experiencing financial difficulties. As a result, Creative is taking well over 120 days to pay outstanding amounts, despite Creative’s terms of trade being payment within 30 days. Creative makes up 40 per cent of Technology Limited’s sales and the board has been reluctant to take any action that might adversely affect those sales. Consequently, Technology Limited has had to increase its dependency on its line of credit, and this has caused it to temporarily breach the debt to equity ratio required in its loan covenant with Big Bank Limited.

One of Technology Limited’s major suppliers went bankrupt one month ago, causing major product shortages. To overcome the problem, Peter James, the husband of the finance director, Natalie James, provided electronic components used in the production of computer chips to Technology Limited through his private company Norton Limited. Norton Limited demands payment in $US prior to the electronic components being supplied. There is no formal agreement in place with Peter James, however, the goods are being provided at competitive prices. You are concerned about the electronic components that Peter James’ company is supplying, because his products are new to the market and you have heard some of Technology Limited’s staff complaining that they are of poor quality.

Due to increased competitive pressure, Technology Limited has recently moved the manufacture of some of its computer chips to Bangladesh. Technology Limited saves around 25 per cent in costs compared to the equivalent Australian made items. However, the manufacturing process takes longer and on a few occasions late delivery from Bangladesh has resulted in lost sales.

Last month, a protester suffered a broken leg, allegedly because he was hit by a company truck. The protester is now suing Technology Limited for damages, claiming the contractor was in fact an employee of Technology Limited at the time of the accident, and was acting on Technology Limited’s instructions. Technology Limited is fighting the case and appears to have a reasonable chance of winning; however, the adverse publicity being generated is making the company nervous about its sales in the future.

During the period, the Australian dollar has remained steady against the Chinese Yuan, although it fell by about 3% against the US dollar. Debtors are invoiced in $US at the time of shipment, and payment is received in $US one month after the shipment is delivered. It takes around six weeks for the charter vessels to travel from Technology Limited’s shipyard at Bigmantle Bay to China. A recent downturn in the Chinese economy is affecting forward orders, which have fallen by 15%.

Prepare a memorandum to the audit manager, outlining your risk assessment relating to Technology Limited. When making your risk assessment:

(a) Identify two (2) balance sheet accounts from the information provided that are subjected to an increase in audit risk. Briefly explain what factors increase the audit risk associated with the two (2) account balances identified. In your explanation, please mention the key assertion(s) at risk of material misstatement and the components of the audit risk model affected for each account balance identified.

(b) Identify how the audit plan will be affected and recommend specific audit procedures to address the risks associated with each account balance identified.

In: Accounting