Mary Willis is the advertising manager for Culver Shoe Store. She is currently working on a major promotional campaign. Her ideas include the installation of a new lighting system and increased display space that will add $14,000 in fixed costs to the $133,000 currently spent. In addition, Mary is proposing that a 5% price decrease ($20 to $19) will produce a 20% increase in sales volume (20,000 to 24,000). Variable costs will remain at $12 per pair of shoes. Management is impressed with Mary’s ideas but concerned about the effects that these changes will have on the break-even point and the margin of safety.
A)
Current break-even point_____________ pairs of shoes
New break-even point________________pairs of shoes
B)
Current Margin of safety ratio _________%
New margin of safety ratio _________%
C)
Prepare a cup income statement for current operations and after Mary's changes are introduced.
Income statement :
In: Accounting
Use the simple exchange-rate model (supply and demand model for foreign exchange market) to answer the following questions.
2.1. Assume an initial equilibrium level for price and quantity in the US versus China exchange rate market. Plot the exchange rate of US dollars per Chinese yuan versus the quantity of Chinese yuans traded. Then graphically simulate the impact of an increase in tariffs imposed by the US on Chinese goods and indicate your forecast for the potential changes in the exchange rate and quantity of Chinese yuans traded.
2.2. Assume an initial equilibrium level for price and quantity in the US versus Mexico exchange rate market. Plot the exchange rate of US dollars per Mexican peso versus the quantity of pesos traded. Then graphically simulate the impact of an increase in Mexico’s productivity relatively to the US, and indicate your forecast for the potential changes in the exchange rate and quantity of pesos traded.
In: Economics
the shape of the distribution of the time required to get an oil change at a 20-minute oil-change facility is unknown. However, records indicate that the mean time is 21.2 minutes, and the standard deviation is 3.4 minutes.
Complete parts (a) through (c).
(a) To compute probabilities regarding the sample mean using the normal model, what size sample would be required?
(b) What is the probability that a random sample of n=45 oil changes results in a sample mean time less than 20 minutes?
(c) Suppose the manager agrees to pay each employee a $50 bonus if they meet a certain goal. On a typical Saturday, the oil-change facility will perform 45 oil changes between 10 A.M. and 12 P.M. Treating this as a random sample, there would be a 10% chance of the mean oil-change time being at or below what value? This will be the goal established by the manager.
In: Math
a) Suppose that there is an adverse supply shock that shifts the
short-run supply curve upwards, to P = 3. What are the values of P
and Y in the short-run equilibrium after this shock?
b) What changes (if any) in the values of P and Y would take
place going from the short-run equilibrium of part A to the long
run (assuming no other shocks occur)?
c) If the FED wants to avoid any changes in the level of Y as a response to the supply shock, what should be the change in the quantity of money M?
In: Economics
You consume two goods, X and Y . On Tuesday, the price of Y (not
X!!) rises. On Wednesday,
there are no new price changes, but your income rises until you are
just as happy as you were
on Monday.
a) Draw your budget lines and optimum points on all three days.
Label the optima M, T and
W.
b) In terms of the locations of the optimum points, what would it
mean for Y to be a Giffen
good?
c) In terms of the locations of the optimum points, what would it
mean for X to be a normal
good?
d) Suppose that X is a normal good, and suppose also that you
consume more X on
Tuesday than on Monday. When the price of Y changes, which effect
on your
X-consumption is larger: the income effect or the substitution
effect? Justify your answer
in terms of the locations of the points on your graph.
In: Economics
Consider the aggregate demand/aggregate supply model of Chapter 10. Assume that the long-run aggregate supply curve is vertical at Y = 3,000 while the short-run aggregate supply curve is horizontal at P = 2. The aggregate demand curve is given by Y = MV(1/P), with M = 6,000 and V=1.
a) Suppose that there is an adverse supply shock that shifts the short-run supply curve upwards, to P = 3. What are the values of P and Y in the short-run equilibrium after this shock?
b) What changes (if any) in the values of P and Y would take place going from the short-run equilibrium of part A to the long run (assuming no other shocks occur)?
c) If the FED wants to avoid any changes in the level of Y as a response to the supply shock, what should be the change in the quantity of money M?
In: Economics
a. 500 mol/h methane at 40°C was fed to a furnace and burned
with 15% of excess air at
80°C. The exit gas products comprise of CO2 and CO in mol ratio of
15 (CO2/CO), where
all methane was burned during the combustion. The product gas
leaves the furnace at
380°C. Determine the amount of heat loss from the furnace in
kW.
b. During the combustion process in part (a), the heat produced is
used to heat up the water
to produce steam. By considering the changes of the following
conditions for the same
process in part (a), predict the changes to the production rate of
steam and justify your
answer:
| (i) (ii) (iii) (iv) |
The exit gas products contain higher mol ratio of CO2/CO. More excess air was fed to the furnace Air was fed to the furnace at 110°C The product gas leaves the furnace at 420°C |
energy balance
In: Other
“Critiquing the Functions of Managements in the Changing Environment”
The classical functions of management include planning, organising, leading and controlling. While the relevance of these functions has been attributed to the success of many organisations in the past, there has been a doubt on the relevance of these classical functions of management in the contemporary organisations that are witnessing continual changes in their organisational environments.
write an individual report to provide a critical analysis on both how the functions of managements are constraining to the ability of organisations to adapt with the changes in their environment, and how organisations could appropriately (i.e. which types, styles, or theories) plan, organise, lead and control in the contemporary workplace characterised by changing environments.
For this task Demonstrate an excellent understanding of the necessary concepts/ theories involved and also the nature and complexities of problems. Demonstration of the breadth and depth of response, and sufficient and appropriate reallife information to support the key points are excellent.[ should be around 1500 world and plagarism free]
In: Operations Management
LinkedIn is a valuable networking technological tool in business. For this discussion you will create or update a LinkedIn account to assist in building your professional network and credibility.
In: Operations Management
The purpose of this assignment is to identify factors that must be considered when conducting global marketing campaigns.
For this assignment, imagine you work for a U.S.-based organization that sells household appliances and is considering opening stores internationally, starting with Brazil. You have been tasked with providing your recommendations in preparation for the expansion into Brazil. In 250-500 words, address the following:
Identify cultural and social considerations you should take into account as part of your marketing planning efforts. Explain how these factors make the marketing presented to the Brazilian audience different from what is presented to U.S. consumers.
Please Include References!
In: Operations Management