The Irontown Independent School District wants to sell a parcel of unimproved land that it does not need. Its three best offers are as follows: Organization/Company Offer Proposed Use The State Department of Public Safety (DPS) $5.7 million New state highway patrol barracks The Lexington Presbyterian Church $5.6 million Start a church school Newberry Inc. $5.5 million Open a car dealership As the financial adviser for the school district, which offer would you prefer?
Q: What are the steps of the factor-rating method?
A: The factor rating method involves all qualitative and quantitative inputs, and it evaluates…
Q: A decision maker has prepared the following payoff table. States of Nature Alternative High Low Buy…
A: Below is the solution:-
Q: The owner of Alliance Food Wholesalers, Joe Slow, has asked for your advice. Alliance has been in…
A: FINANCING: Financing is of the crucial business activities that are responsible for providing…
Q: Using the Maximax criterion, what is the best decision and the expected payoff? Best decision Payoff
A: Below is the solution:-
Q: Explain the Proportionality assumption?
A: The proportional model is a session of comprehensive linear model cast-off for modeling the…
Q: ou have just been hired as an Assistant Manager of Green and White Food (GWF), a restaurant/bar…
A: In the dynamic landscape of the restaurant and bar supply business, the role of logistics and supply…
Q: In 2011, the fixed costs of a company were $500,000, and its variable costs equaled $150,000. In…
A: Introduction:- Price of the product is mainly decide by the cost of the product. Cost refers to the…
Q: Maximin criterion, what is the best decision and the expected payoff?
A: Maximin criteria indicating a model of selecting the decision based on choosing least bad outcome…
Q: hired to complete a profitability analysis and you decided to start by completing a cost analysis…
A: Given: Number of attendees 0 50 100 175 200 Variable cost per attendee $135 $135 $135 $135 $135…
Q: Assume that you are a partner with the firm of Santos & Lopez LLP. You have been asked by Gonzales,…
A: In case, Gonzales desires to provide the presentation and CPA's report for general use by…
Q: A decision maker has prepared the following payoff table. States of Nature Alternative High Low Buy…
A: This question is related to the topic-decision making and this topic falls under the operations…
Q: A decision maker has prepared the following payoff table. States of Nature Alternative Low High 80…
A: Decision Table Alternatives High Low Buy 80 -5 Rent 85 45 Lease 60 50
Q: Macrosoft Corporation is a software giant in personal computers (PCs). Although its flagship…
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Q: A company is choosing an outside firm to provide its payroll services. It has chosen four…
A: Provider A Provider B Provider CClient…
Q: A public school is being renovated for $13.5 million. The building has geothermal heating and…
A: Given, Cost of renovation = $13.5 million Annual benefits = $2.7 million Life = 40 years
Q: 6. Laura is trying to decide whether to sell her knitted hats on Etsy, at a holiday bazaar, or in…
A: Given- Demand = 0 Demand = 10 Demand = 20 Etsy -$70 $80 $230 Bazaar -$60…
Q: What would be the best way to estimate whether a piece of land could be used to manage an existing…
A: A market is a physical or mental space where buyers and sellers can find each other, and where the…
Q: A decision maker has prepar States of Nature Alternative нigh Low 100 Buy Rent 80 45 Lease 50 40…
A: Small Introduction about the Maxi-Min Criterion The pessimistic (conservative) decision-making rule…
Q: Mickey Lawson is considering investing some money that he inherited. The following payoff table…
A: Decision alternativesStates of NatureGood EconomyPoor EconomyStock…
Q: 20. The Video Game Supply Company (VGS) is deciding whether to set next year's production at 2000,…
A: Decision making is the process of choosing best decision from all available or possible outcome.…
Q: Demonstrate the steps to solve this question: Advanced Electronics manufactures DVDs and sells them…
A: The objective of this question is to calculate the break-even volume in DVD units and euros for…
Q: A decision maker has prepared the following payoff table. States of Nature Alternative High Low Buy…
A: Decision Table Alternatives High Low Buy 100 0 Rent 60 35 Lease 60 45
Q: Titan manufactures and sells gas-powered electricity generators. It can purchase a new line of fuel…
A: The equivalent uniform annual worth of Company-A is determined as follows : AWa = -50000(A/P…
Q: Using Baye's Decision Rule, what is the best decision and the expected payoff? (Round your answer to…
A: Bayesian decision theory refers to the statistical approach dependent upon the tradeoff…
The Irontown Independent School District wants to sell a parcel of unimproved land that it does not need. Its three best offers are as follows:
|
As the financial adviser for the school district, which offer would you prefer?
![](/static/compass_v2/shared-icons/check-mark.png)
Step by step
Solved in 3 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
- Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. Is Ben Gibson acting legally? Is he acting ethically? Why or why not?Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?
- Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. Ethical decisions that affect a buyers ethical perspective usually involve the organizational environment, cultural environment, personal environment, and industry environment. Analyze this scenario using these four variables.Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What should Sharon do in this situation?Civil engineering consulting fi rms that provide ser-vices to outlying communities are vulnerable to a number of factors that affect the fi nancial conditionof the communities, such as bond issues and real estate developments. A small consulting fi rm en-tered into a fi xed-price contract with a large devel-oper, resulting in a stable income of $260,000 per year in years 1 through 3. At the end of that time, a mild recession slowed the development, so the par-ties signed another contract for $190,000 per year for 2 more years. Determine the present worth of thetwo contracts at an interest rate of 10% per year.
- A battery manufacturing plant has been ordered to cease discharging acidic waste liquids containing mercury into the city sewer system. As a result, the firm must now adjust the pH and remove the mercury from its waste liquids. Quotations from three firms are included in the following table of costs. Bidder Installed Cost Annual Operating Cost Annual Income from Mercury Recovery Salvage Value Foxhill $ 70,000 $5000 $6500 $10,000 Instrument Quicksilver 50,000 5000 2500 0 Almaden 90,000 5000 7800 10,000 If the installation will last 15 years and money is worth 12%, which equipment should be purchased?Lakewood Fashions must decide how many lots of assorted ski wear to order for its three stores. Information on pricing, sales, and inventory costs has led to the following payoff table, in thousands. Order size 1 lot 2 lots 3 lots (a) Show a regret table. Order size 1 lot 2 lots 3 lots 13 9 6 Low 13 9 6 Low Demand Medium 16 24 32 16 24 32 High 16 32 61 Demand Medium (b) What decision should be made by the optimist? O 1 lot O2 lots 3 lots 16 32 61 High Maximum Regret 2:06 PMConsider the following financial data from the past year for Midwest Outdoor Equipment Corporation. Annual sales $24,324,000 Net income 2,975,000 Cost of goods sold 12,600,000 Total assets 10,550,000 Inventory 2,875,000 Receivables 3,445,000 The Midwest Outdoor Equipment Corporation has entered into a new contract with a major supplier of raw materials used in the manufacturing process. Under the new arrangement, called vendor managed inventory, the supplier manages its raw material inventory inside the manufacturer’s plant and bills only the manufacturer when the manufacturer consumes the raw material. This is expected to reduce total assets by $2 million. What is the expected change in return on assets? Note: Round your answer to 2 decimal places.
- The following payoff table provides profits based on various possible decision alternatives adn various levels of demand at Robert Klassan's print shop: decision low high alt 1 $10,000 $36,000 alt 2 $6,000 $38,000 alt 3 -$2500 $52,000 The probability of low demand is 0.40 whereas the probability of high demand is 0.60. a) The alternative that provides Robert the greatest expected monetary value is _________ The EMV for this decision is $_______ b) The expected value with perfect information (EVwPI)= $______ c) The expected value of perfect information (EVPI) for Robert= $________I need help with part BAfter the takeover, HT Bank has various subsidiaries and intends to restructure the company to improve the performance of the companies. It is an important decision in accomplishing corporate long-term objectives. The management of HT Bank decides to pursue a spinoff in order to achieve such an objective. HT Bank needs to restructure the company especially the subsidiaries after the mergers. a) Discuss critically the reasons why HT Bank decide to use spinoff to restructure the company. b) Explain the limitation of using spinoff in this restructuring.
![Practical Management Science](https://www.bartleby.com/isbn_cover_images/9781337406659/9781337406659_smallCoverImage.gif)
![Purchasing and Supply Chain Management](https://www.bartleby.com/isbn_cover_images/9781285869681/9781285869681_smallCoverImage.gif)
![Practical Management Science](https://www.bartleby.com/isbn_cover_images/9781337406659/9781337406659_smallCoverImage.gif)
![Purchasing and Supply Chain Management](https://www.bartleby.com/isbn_cover_images/9781285869681/9781285869681_smallCoverImage.gif)