​Sam's Cat Hotel operates 52 weeks per​ year, 6 days per​ week, and uses a continuous review inventory system. It purchases kitty litter for ​$11.00 per bag. The following information is available about these​ bags:

Demand=80 ​bags/week

Order cost=$55.00​/order

Annual holding cost=40 percent of cost

Desired ​cycle-service level=80 percent

Lead time=5 weeks ​(30 working​ days)

Standard deviation of weekly demand=15 bags

Current ​on-hand inventory is 320 ​bags, with no open orders or backorders.

a. Suppose that the weekly demand forecast of 80 bags is incorrect and actual demand averages only 55 bags per week. How much higher will total costs​ be, owing to the distorted EOQ caused by this forecast​ error?

The costs will be ​$___ higher owing to the error in EOQ. ​(Enter your response rounded to two decimal​ places.)

b. Suppose that actual demand is 50 bags but that ordering costs are cut to only $13.00 by using the internet to automate order placing. However, the buyer does not tell anyone, and the EOQ is not adjusted to reflect this reduction in S. How much higher will total costs be, compared to what they could if the EOQ were adjusted?

The costs will be $____ higher owing to the error EOQ.

Chicago Furniture Company produces combination desk and chair sets for the elementary schools in the Midwest. As the second quarter is progressing it is important for the controller to complete a budget for the third quarter. The sales department manager has provided the following forecast.

• In order to ensure Just-in-Time (JIT) deliveries are maintained in accordance with the needs of the schools Chicago Furniture Company has a standing policy that the inventory at the end of each month must be equal to 40% of the following month’s forecasted sales. On July 1st there will be 3,200 desk combos in inventory.
• The building of each desk combo requires 12 board feet of pine planks which cost $0.70 per foot. In order to maintain proper inventory for building the desk combos the department must have 30% of the next month’s production requirements.

Using Microsoft Excel, create a spreadsheet for the production and material purchases budget for the 3rd Quarter.

A health spa has advertised a weight reducing program and has claimed that the average participant in the program loses at least 20 pounds. A somewhat overweight executive is interested in the program but is skeptical about the claims and asks for some hard evidence. The spa allows him to select randomly the records of ten participants and record their weights before and after the program.

Test whether the average weight loss is at least 20 pounds.

Participant Before After

Ross Erickson 189 170

Josh Way 202 179

Laura Ewok 220 203

Luke Haas 207 192

Brandon Bott 194 172

etc. etc. etc.

State H0 and H1. You MUST show the five-step process for determining H0 and H1. (1 pt.) Be very careful how you handle the 20 pound difference! The variable with the larger numbers MUST be on the left.

A research institute poll asked respondents if they felt vulnerable to identity theft. In the​ poll, n equals 942 and x equals 520 who said​ "yes." Use a 90 % confidence level.

A. Find the best point of estimate of the population of portion p. (Round to three decimal places as​ needed.)

B. Identify the value of the margin of error E. (round to three decimal places as needed)

C. Construct the confidence interval. _ < p <_ round to three decimal places.

D. Write a statement that correctly interprets the confidence interval.

How does work measurement impact the ability for an operation to be competitive in the 21st century?

what are the advantages and disadvantages of adaptation in international Marketing

Identify a disruptive technology that has emerged during your life.

• What was the technology?

• In what ways did it affect people's lives positively? Negatively?

• In what ways did it affect the OSCM?

The coins (by magic) always land on the same side (both heads or both tails). Suppose you flip a penny and a dime. Let X be the result of flipping the penny where we assign the value of Heads to be 2 and the value of Tails to be 1, and let Y be the result of flipping the dime where we assign the value of Heads to be 4 and Tails to be 3. (So, for example, X(heads)=2.) Find E[X], E[Y], E[X+Y] andE[XY]. Compute Var(X+Y) and Var(XY).

What are the most effective problem-solving techniques available to software engineers today, and how do they facilitate the software engineering process? Please provide examples and explain who the main stakeholders are and what their responsibilities in the software engineering process are.

Discuss the content (type of data and files) of a database which could be useful at Accra Institute Technology(AIT).

Illustration Capsule 11.2 provides a sampling of motivational tactics employed by several prominent companies (many of which appear on Fortune's list of the 100 best companies to work for in America). Discuss how rewards at SAS, Salesforce.com, DPR Construction, and Hilcorp aid in the strategy execution efforts of each company.

Steel City Inc. is a company located in Dallas in the United States of America. It deals in import export of furniture. The workforce is composed of almost 200 employees, from different levels. In Steel City, Inc., the president Anna, 33 years old, realizes that this firm requires some reorganization.

The organization is using the top down management approach, it has many levels of management and it uses narrowly specialized job descriptions.

Anna wants to move into new international markets but she noticed that employees are demotivated and they are not happy in their positions knowing that Steel City, Inc is applying highly specialized jobs and employees already work independently and in complete autonomy.

Knowing that motivation is very crucial to the productivity of her employees, Anna wanted to work on this issue by increasing employees’ motivation. To do so, she decided to review and change some core characteristics of what they are doing and she was sure that this will certainly end up with beneficial work outcomes.

Anna also used the work flow analysis of Steel City, Inc to define how work in this organization creates value to the ongoing process of employees’ works. She thought that applying the Business Process Reengineering (BPR) might be very efficient to solve the problem of employees’ demotivation since employees have been complaining about their work. Jobs are repetitive and employees don't know how their work fits into the big organizational picture. The president wants to reduce operating costs, reorganize jobs by providing employees with satisfying work, independency and wanted them to be cross trained on different task assigned to the group.

Anna also thought about using a problem solving team to be able to generate solutions about how to decrease employees’ demotivation and increase their work involvement, devotion and commitment.

As she wants jobs to become more interesting and precisely to improve motivation, Anna included specialized task together so employees can expand their work horizontally and vertically. All of this should give employees more autonomy and the opportunity for feedback. Anna decided to compare the productivity of her employees six months after she made the needed adjustments in the company.

1. Based on the above case study, what is the used organizational structure by Steel City, Inc? Explain.

2. Which motivation theory the president's is using to minimize employees’ dissatisfaction?

3. When the job needs to be reorganized some job design modifications should also be implemented. What job design do you propose taking into consideration employees’ complains?

4. What type of team the president can use in order to reduce operating costs giving employees some autonomy in Steel City, Inc.?

Exercise 7-7 Aging of receivables method LO P3

Daley Company estimates uncollectible accounts using the allowance method at December 31. It prepared the following aging of receivables analysis.

a. Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using the aging of accounts receivable method.
b. Prepare the adjusting entry to record Bad Debts Expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $3,600 credit.
c. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $100 debit.

Homer is a safety inspector at a unionized nuclear power plant. He was scheduled to go on a five-day vacation starting on Monday, April 22, and return to work on Monday, April 29. On the morning of his first day of vacation, Homer's sister-in-law died suddenly of undiagnosed lung cancer. Homer called his manager on Friday, April 26, and asked to have four (4) days of his vacation (April 23–26) reinstated and paid as bereavement leave “in accordance with Article 10.04.” The collective agreement reads as follows: Article 10.04: Vacation Reinstatement for Bereavement Leave An employee who is informed of the death of a relative prior to the start of his/her scheduled vacation may have up to three (3) vacation days reinstated and paid as bereavement leave. What would you tell Homer? Would you grant him his request? Why or why not? Make whatever assumptions you feel are necessary in order to defend your answer.

Section 301 of the Sarbanes-Oxley Act requires that public companies have an audit committee. Independent auditors are increasingly involved with audit committees.

Select all of the following that are functions of the audit committee: (Select all that apply.)

• Selection of the independent auditor, discussion of audit fee with the auditor, and review of the auditor's engagement letter.

• Review of the independent auditor's overall audit plan (scope, purpose, and general audit procedures).

• Review of the annual financial statements before submission to the full board of directors for approval.

• Review of the results of the auditor's examination including experiences, restrictions, cooperation received, findings, and recommendations. Matters that the auditor believes should be brought to the attention of the directors or shareholders should be considered.

• Review of the independent auditor's evaluation of the company's internal control systems.

• Review of the company's accounting, financial, and operating controls.

• Review of the reports of internal audit staff.

• Review of interim financial reports to shareholders before the board of directors approves them.

• Review of the audit workpapers to ensure that the audit was conducted properly.

• Review of the makeup of the board of directors to ensure that they are qualified to oversee the audit process.

• Review of the qualifications of the audit staff to ensure that they are qualified to conduct the audit.

• Review of the applicable audit standards to ensure that they apply to the audited company.