A. A company wants to produce a souvenir with a marketing life of sixmonths. Uncertainty surrounds the likely sales volume as well as thefixed costs of the venture as shown below:Sales unitsProbability Contrn. /unit Probability Fixed costK7K5100 000 0.380 0000.660 0000.11.00.50.51.0Determine the expected value of the contributionK400 000K450 000K500 000Probability0.20.50.31.0

The expected value is the sum of all the values of each possible outcome multiplied by its…

Answered: 1.0 1.0 Determine the expected value of…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Use the following contract matrix to answer the question. PayerInpatient ServicesOutpatient ServicesA62% billed charges56% of billed chargesB$6,500 obstetric delivery case rateFee Schedule$70 per clinic visit$85 per initial OT evaluation$50 per OT visit (non-eval)C$2,100 obstetric delivery per diem$75 per clinic visit$45 per OT visitD$6,350 obstetric delivery case rate$65 per clinic visit$55 per initial OT evaluation$35 per OT visit (non-eval) Patient 62316 is admitted as an inpatient for hip replacement following a fall on ice in the school parking lot where he works as a teacher. During his admission, the patient received OT services post-surgery. The LOS was 6 days. The charges for the encounter are $135,000. Which payer will reimburse the hospital the highest amount? Please show evaulation for each payer. Thank you for your time answering this problem. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer…
Q8) A cost is a sacrifice or giving up of resources for a particular purpose. Select one: True False
MacDonald Products, Inc., of Clarkson, New York, has the option of (a) proceeding immediately with production of a new top-of-the-line stereo TV that has just completed prototype testing or (b) having the value analysis team complete a study. If Ed Lusk, VP for operations, proceeds with the existing prototype (option a), the firm can expect sales to be 100,000 units at $610 each, with a probability of 0.78 and a 0.22 probability of 65,000 at $610. If, however, he uses the value analysis team (option b), the firm expects sales of 80,000 units at $740, with a probability of 0.74 and a 0.26 probability of 65,000 units at $740. Value engineering, at a cost of $115,000, is only used in option b. Which option has the highest expected monetary value (EMV)? The EMV for option a is $ and the EMV for option b is $ Therefore, option has the highest expected monetary value. (Enter your responses as integers.)
2. Calculate the hourly ownership and operating cost of a wheel-type scraper that has the following characteristics: • Total initial cost = $550,000 (including tires) • Useful life of the scraper=10 years • Salvage value of the scraper = $0 • Hours scraper used/year = 2,000 hours • Cost of tires = $20,000 • Useful life of tires 4,000 hours • Annual tire repair cost = 15% of tire depreciation (assume straight line depreciation) • Annual interest, insurance, and tax costs 12% of !! Average Annual Value • Annual cost for fuel, oil, grease and other oils = 4% of Average Annual Value • Operating Conditions Average Ownership Cost Depreciation cost using the current approach (MACRS) (calculate S/hour for each year) Interest, insurance, and tax (IIT cost) Operating Cost S/hour S/hour Cost of tires Tire repair cost Fuel, oil, grease (FOG), and other oils Scraper repair cost
One subunit of Snow Sports Company had the following financial results last month: 1(Click the icon to view the financial results.) Read the requirements2. Requirement 1. Complete the performance evaluation report for this subunit. Enter the variance percent as a percentage of the budgeted amount rounded to two places. (Enter a variance for each account as a positive number, and select whether the variance is favorable [F] or unfavorable [U]. For any zero variances, enter a 0 in the variance column and then leave the F or U box blank. Enter the variance percent as a percentage rounded to two decimal places, X.XX%.) Actual Flexible Flexible Budget Snow - Subunit X Results Budget Variance (F or U) Direct Materials $29,000 $27,200 (1) U Direct Labor 13,700 14,200 (2) F Indirect Labor 26,200 22,900 (3) U Utilities 12,400 11,300 (4) U Depreciation 26,000 26,000…
Q5: Health and safety culture Based on the scenario only, what are the negative indicators of health and safety culture in this organization?
By 2010, Airbus was projecting to deliver 93 A380s. Instead, because of delays associated with installation misdesign for the electrical harnesses, Airbus delivered only 10 planes. The cost of the delay added $6 billion to the overall development costs to be recovered. That implies the break-even production run has now risen from 250 to over 300 planes. The company has produced 45 planes each of the last two years. What about the history of Boeing’s 747 production run that suggests the Airbus 380 may still be a considerable success?
a.explain the product life cycle theory ? note: sir pls give me introduction to conclusion. thank you.
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MacDonald Products, Inc., of Clarkson, New York, has the option of (a) proceeding immediately with production of a new top-of-the-line stereo TV that has just completed prototype testing or (b) having the value analysis team complete a study. If Tyrone Martin, VP for operations, proceeds with the existing prototype (option a), the firm can expect sales to be 120,000 units at $570 each, with a probability of 0.34 and a 0.66 probability of 70,000 at $570. If, however, he uses the value analysis team (option b), the firm expects s 90,000 units at $710, with a probability of 0.74 and a 0.26 probability of 60,000 units at $710. Value engineering, at a cost of $90,000, is only used in option b. Which option has the highest expected monetary value (EMV)? The EMV for option a is $ and the EMV for option b is $. Therefore, option has the highest expected monetary value. (Enter your responses as integers.)
1. Discuss the CV metric, and include the equation, and what the acronyms stand for.

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1.0 1.0 Determine the expected value of the contribution 1.0