You are an HR Manager for an international company with locations in the US, Australia, UK, Brazil, and China. You have been tasked to develop and implement a new performance appraisal at each of your locations. What do you do?

Elegant Furniture Company(Elegant) manufactures and sells modern furniture. The company’s products only include two models of dining table: Deluxe and Simplicity. The selling prices and costs data for each unit of the products are as follows: Deluxe Simplicity $ $ Selling price 10,000 8,000 Direct materials (variable) 2,600 2,300 Direct labour (variable) 500 400 Manufacturing overhead (semi-variable, 90% fixed) 5,000 4,000 Selling expenses (variable) 400 400 Administrative expenses (fixed) 1,000 800 According to Elegant’s 2020 business plan, the company wants to achieve the target of manufacturing and selling at least 5,000 units of Deluxe and 2,000 units of Simplicity every month. Currently the company’s manufacturing process is limited by the machine capacity in the machining department. The total machine time available in the machining department is 78,000 minutes per month. Apart from this, there is no other relevant constraint on the manufacturing process. Each unit of Deluxe requires 12 minutes of machine time and each unit of Simplicity requires 6 minutes of machine time. Required:

(c) Assuming that there is unlimited demand for Deluxe and Simplicity at current selling prices, what product mix, i.e. how many units of Deluxe and Simplicity should Elegant produce and sell that will maximize its operating income while meeting its 2020 business plan? Show your calculations clearly.

(d) Assuming that the demand of Simplicity is limited to 2,500 units, what product mix should the company adopt to maximize operating income while meeting its 2020 business plan? Show your calculations clearly. (e) In view of the constraint on machining time, the production manager suggests to outsource the manufacture of Simplicity to a vendor who has offered a very competitive price. The management accountant has analysed and confirmed that there will be cost advantages from the outsourcing proposal. Suggest TWO strategic and qualitative issues that Elegant’s management may consider before making the decision. Question 2 Advanced Electronics Ltd (Advanced) manufactures and sells high-end electronic

You are working in a small, student-run company that sends out merchandise with university branding to alumni around the world. Every day, you take a sample of 50 shipments that are ready to be shipped to the alumni and inspect them for correctness. Across all days, the average percentage of incorrect shipments is 5 percent. What would be the upper control limit for a p-chart?

a. 0
b. 0.05
c. 0.03082207 d. 0.142466

1. The CSI Company is considering selling its School of Business to Harvard University. The proposed deal would require Harvard to pay CSI $30,000 and $25,000 at the end of years 1 and 2, and to also make yearly payments (at the end of the year) of $15,000 in years 3 thru 9. Harvard would make a final payment to CSI for $10,000 at the end of year 10. If the discount rate is 12% what is the present value of this series of payments?

Comfy Fit Company manufactures two types of university sweatshirts, the Swoop and the Rufus, with unit contribution margins of $5 and $15, respectively. Regardless of type, each sweatshirt must be fed through a stitching machine to affix the appropriate university logo. The firm leases seven machines that each provides 1,000 hours of machine time per year. Each Swoop sweatshirt requires 6 minutes of machine time, and each Rufus sweatshirt requires 20 minutes of machine time. Assume that there are no other constraints. Required: 1. What is the contribution margin per hour of machine time for each type of sweatshirt? When computing your answers, round machine time per unit to two decimal places. Round your final answers to the nearest dollar. Contribution Margin Swoop $ Rufus $ 2. What is the optimal mix of sweatshirts? If an amount is zero, enter "0". Optimal Mix Swoop units Rufus units 3. What is the total contribution margin earned for the optimal mix?

For her daughter's university education, Carla Hackl has invested an inheritance in a fund paying 9.2% compounded quarterly. If ordinary annuity payments of $4750.00 per month are to be made out of the fund for 5 years and the annuity begins 9.75 years from now, how much was the inheritance?