Scenario 1

Billy and John are managers in a same company. Before starting a project, Billy said “Let’s start planning” but John said “No” to planning because he thinks that the organisation has to constantly adapt itself to changes. It becomes difficult to accurately assess future trends in the environment. Once the plan is in the process of implementation managers are not allowed to deviate from plans nor they are allowed to act on their own. Furthermore, he says planning takes so much of time that no time is left for their implementation. On the other hand, Billy says planning helps by stating in advance what is to be done and how it is to be done. It shows the way to deal with changes and certain events.

Question 1 Based on the scenario 1, discuss the importance and limitations of planning. You can quote from the case above.

Question 2 “Is Planning important” State your stand and proceed to explain by quoting at least TWO (2) examples from your workplace.

* this is long essay question

4.38   During shipment testing, product was flown from Indianapolis to Seattle and back again to simulate 4 takeoffs and landings which can cause cans to open due to pressure changes. Prototype units of the 100 were shipped and 15 opened.

a) build a 90% two-sided confidence interval. What is the lower bound of the CI? (Round off your answer to three decimal places, i.e., X.XXX)

b) What is the upper bound of the CI? (Round off your answer to three decimal places, i.e., X.XXX)

c) Is it possible that the average failure rate is 10%? Yes/No. Explain.

d) Is it possible that the average failure rate is 11%? Yes/No. Explain.

e) The company made some changes resulting in 12 opened cans instead of 15. Determine a 95% two-sided confidence interval on the difference of proportions. What is the upper bound of the CI?

answer all parts please

Castle, Inc., has no debt outstanding and a total market value of $220,000. Earnings before interest and taxes, EBIT, are projected to be $26,000 if economic conditions are normal. If there is strong expansion in the economy, then EBIT will be 15 percent higher. If there is a recession, then EBIT will be 20 percent lower. The firm is considering a debt issue of $120,000 with an interest rate of 8 percent. The proceeds will be used to repurchase shares of stock. There are currently 11,000 shares outstanding. Ignore taxes for this problem.

a-1. Calculate earnings per share, EPS, under each of the three economic scenarios before any debt is issued.

Recession:

Normal:

Expansion:

a-2. Calculate the percentage changes in EPS when the economy expands or enters a recession.

b-1. Calculate earnings per share (EPS) under each of the three economic scenarios assuming the company goes through with recapitalization.

b-2. Given the recapitalization, calculate the percentage changes in EPS when the economy expands or enters a recession.

Suppose Malaysia's production possibilities include a maximum of 120 units of rice or 300 units of lumber, and Canada's production possibilities include a maximum of 240 units of rice or 180 units of lumber. Then suppose each country initially allocates 50% of its labor to producing each product. a) Total production by the two countries equals tons of rice and ft3 of lumber. b) Now suppose that Malaysia increases the labor it allocates to lumber by 10%. Its lumber production rises by and its rice production falls by . c) If Canada reallocates its labor to increase its rice production by exactly the amount that Malaysia's rice production fell, by how much must its lumber production fall? ft3 d) State the combined effects on total production of the reallocations in part b and c. Total production of rice changes by tons. (include a negative sign, if needed) Total production of lumber changes by ft3. (include a negative sign, if needed)

Suppose that we are analyzing the real estate market (new housing) while the economy moves out of a recession AND at the same time the costs of building such a house/dwelling increase.

Please explain how both changes would affect the final equilibrium P & Q in the real estate market by answering the following questions.

a. Draw a demand and supply graph and show the effect of both changes in the market, starting from an initial equilibrium. Do not forget to label each axis, curves, P, Q, and initial and final equilibrium points. Please explain the reason of each change and make sure that the graph corresponds to your answers and analysis. The graph should be included in the body of your post/thread, not as an attachment.

b. Will P rise, fall or stay the same? Can you predict such result with certainty? Why?

c. Will Q rise, fall or stay the same? Can you predict such result with certainty? Why?

Here is a recipe for
Cheddar Corn Chowder
Ingredients
    8 ounces bacon, chopped
    1/4 cup olive oil
    6 cups chopped yellow onions
    4 tablespoons butter
    1/2 cup flour
    2 teaspoons salt
    1 teaspoon black pepper
    1/2 teaspoon turmeric
    12 cups chicken stock
    6 cups medium-diced white potatoes
    10 cups corn kernels
    2 cups half-and-half
    1/2 pound sharp white cheddar cheese, grated

Select two ingredients to make the most significant changes to macronutrients to make this recipe healthier, but maintain the flavor and taste as well as be appropriate for corn chowder.

Name your two ingredients, explain how you are going to make modifications to each of the two ingredients and discuss the nutrient changes as a result.

Remember you are modifying ingredients and not decreasing or reducing the amount of the ingredient.

We are evaluating a project that costs $500,000 for the equipment, has a five-year life, and the market value of the equipment at the end of 5 years is 50,000. Assume that depreciation is straight-line to zero over the life of the project. Sales are projected at 30,000 units per year. Price per unit is $40, variable cost per unit is $20, and fixed costs are $100,000 per year. The tax rate is 35 percent, and we require a return of 14 percent on this project.

a. Calculate the accounting break-even point.

b. Calculate the base-case cash flow and NPV. What is the sensitivity of NPV to changes in the sales figure? Explain what your answer tells you about a 500-unit decrease in projected sales.

c. What is the sensitivity of NPV to changes in the variable cost figure? Explain what your answer tells you about a $1 decrease in estimated variable costs.

Blenkinsop Manufacturing produces ChopNSlice, a multifunctional slicing and chopping kitchen tool. The following shows a summary of the manufacturing data for ChopNSlice for 2020. Selling price per unit $ 64 Variable manufacturing costs 38 Annual fixed manufacturing costs 201 060 Variable selling, distribution and administration costs 10 Annual fixed non-manufacturing costs 102 940 Annual volume 28 000 units.

a.Calculate the profit earned in 2020. (1 mark)

b. Blenkinsop Manufacturing has decided to introduce robots in part of the manufacturing production process with the changes taking place in 2021. The new production methods would bring about a decrease in variable costs per unit of $18 but would increase the fixed manufacturing costs by $150 000. How many units would need to be sold to earn the same profit as in 2020? Would you recommend the changes?

c. Prepare the Statement of Profit or Loss for (a) and (b).

Mr. G, age 79 years, has always been physically active. He walks long distances on a daily basis and works out with weights. While lifting weights one day, he experienced severe lower back pain that radiated down his left leg. The leg also felt weak. His doctor diagnosed a herniated intervertebral disk and advised immediate bed rest, with frequent application of heat, and skeletal muscle relaxant drugs.

1. Discuss the pathophysiological changes and the probable location of the changes.

2. Explain why Mr. G. was told to notify the physician immediately if he was unable to urinate.

3. Why is it important for Mr. G. to use muscle relaxant drugs and apply heat at this stage?

4. Discuss possible complications and any further treatment that might be required. 5. Explain why this herniated disk may cause recurrent problems.