Problem 3 Special order

Oliver is currently selling 9,800 units and their maximum capacity is 10,000. The normal selling price is $250, variable manufacturing costs are $125 and the normal sales commission is 10% of selling price. Fixed costs are $500,000. They are approached regarding a special order for 200 units at a price of $155. None of their current customers will be affected and the sales commission will be 10% of the sales price. What effect will this have on income?

Now suppose the company policy is that the sales commission on a special order is a flat $2,000 but a special machine must be rented at a cost of $3,000 per year and the offered price is $135. What effect would this have on income?

Finally, suppose the original facts but the current demand is 9,700 and the order is 400 or nothing. What is the effect on income?

Question 3 - Week 11 The following quote appeared in an article entitled ‘Business and society in the coming decades’, which was available on the website of McKinsey & Company (accessed in October 2015). “There are compelling reasons companies should seize the initiative to drive social and business benefits. First, in an interconnected world facing unprecedented environmental and social challenges, society will demand it. Increasingly, a basic expectation among customers, governments, and communities will be that the companies they do business with provide a significant net positive return for society at large, not just for investors. This will be part of the implicit contract or license to operate”. Required: a) Explain the above statement in the context of corporate social responsibility. [Word limit 150-200 words] b) Further, do you think such a statement would impact the perceived ‘legitimacy’ of companies? Explain. [Word limit 200 – 250]

1-________ is a perception of marketplace needs and the methods an organization can use to satisfy them.

Group of answer choices

A-The organizing function

B-Vision

C-Strategic Management

D-Strategic Planning

2-In a traditional performance review, an employee's review is conducted by ________.

Group of answer choices

A-the firm's CEO

B-customers

C-his or her supervisor

D-his or her co-workers

3-Once a manager has determined the problem or opportunity, the next step in the decision-making process is to _____.

Group of answer choices

A-create a contingency plan

B-recognize the strengths

C-identify the threats

D-develop possible courses of action

4- Tactical planning guides the current and near-term activities required to implement company-wide strategies.

Group of answer choices

True

False

1.

Which of the following is not a stakeholder in a business?

2.

Which of the following does NOT describe managerial accounting?

3.

Jones company makes two products A & B. Here is some financial information about those products.

                         A    B     Combined total cost of cost drivers

Direct labor    $45,000 $35,000

Direct materials              $40,000 $30,000

Cost drivers

               Set ups 6    4 $10,000

             Inspections    4    6 $5,000

                 Test Runs 12     8 $25,000

                 Units produced    1000 1000

Using ABC Costing for overhead, what is the total cost for product A?

A car saleswoman has worked for the same car sales company for many years. Based on her track record, her selling prices of cars can be modelled by a normal distribution with mean $12,000AUD with standard deviation $2,000AUD. (a.) What is the probability that the car saleswoman sells a car that is more expensive than $13,500AUD? (b.) During a given month, 14 customers buy a car from her. What is the probability that at least 3 of them bought a car that is cheaper than $13,500AUD? Carefully state the assumptions of your solution. (c.) The car saleswoman has a bonus plan that entitles her to a bonus if she sells 4 cars that each costs $13,500AUD or more during a month. What is the probability that she receives the bonus when the 8th car of the month is sold?

A car saleswoman has worked for the same car sales company for many years. Based on her track record, her selling prices of cars can be modelled by a normal distribution with mean $12,000AUD with standard deviation $2,000AUD. (a.) What is the probability that the car saleswoman sells a car that is more expensive than $13,500AUD? (b.) During a given month, 14 customers buy a car from her. What is the probability that at least 3 of them bought a car that is cheaper than $13,500AUD? Carefully state the assumptions of your solution. (c.) The car saleswoman has a bonus plan that entitles her to a bonus if she sells 4 cars that each costs $13,500AUD or more during a month. What is the probability that she receives the bonus when the 8th car of the month is sold?

MK 332 Homework April 1, 2020

Q2. A company wants to know how long newly hired MBAs remain on their first jobs. A sample of 17 MBAs has an average of 3 years, with a standard deviation of 2. Create a Confidence Interval with Confidence level of 95%. Interpret.

Q1. A Pizza Hut store manager believes that the average number of customers who return a pizza or ask for a refund is 20 per day. The store records the number of returns and exchanges for the 25 days it was open during a given month. Are the returns different than 20 per day?

Sample mean= 25, s=5, n=25. Test at α = .01.

H0: µ = 20

H1: µ ≠ 20

Test by both methods, interpret and conclude.

can you please give me short answers only 4 or 5 sentence and please could you tpye the answers i do not want handwriting,,,

You are creating a model for a manufacturing company with four major plants and ten warehouses. They want to reduce costs by determining the optimal number and location of the plants and warehouses. During the initial set of meetings, one of the team members is very concerned about modeling the “samples” that the firm sends out. As part of the marketing of the product, the firm sends out quite a bit of sample product. This product is pulled from the plants or warehouses and shipped to customers via small-parcel. It accounts for about 10% of the demand records (and about 0.5% of the demand volume) and about 3% of the logistics costs. Should you include this part of the business in the model?

Tables 1 and 2 show the quantities of the goods that Suzie bought and the prices she paid during two consecutive weeks. Suzie’s CPI market basket contains the goods she bought in Week 1. Calculate the cost of Suzie’s CPI market basket in Week 1 and in Week 2. What percentage of the CPI market basket is gasoline? Calculate the value of Suzie’s CPI in Week 2 and her inflation rate in Week 2.

Table 1 Data for Week 1

Item

Quantity

Price (per unit)

Coffee

11 cups

$3.25

DVDs

1

$25.00

Gasoline

15 gallons

$2.50

Table 2 Data for Week 2

Item

Quantity

Price (per unit)

Coffee

11 cups

$3.25

DVDs

3

$12.50

Gasoline

5 gallons

$3.00

Concert

1 ticket

$95.00

Use the following information to work Problems 4 and 5.

The GDP price index in the United States in 2000 was about 90, and real GDP in 2000 was $11 trillion (2005 dollars). The GDP price index in 2010 was about 111, and real GDP in 2010 was $13.1 trillion (2005 dollars).

Calculate nominal GDP in 2000 and in 2010 and the percentage increase in nominal GDP between 2000 and 2010.What was the percentage increase in production between 2000 and 2010, and by what percentage did the cost of living rise between 2000 and 2010?

Write a short business report (400-500 words) about Alibaba Group sources of revenue and their profit for the past 3 years.