OPIM Assignment 4 1. Cu = 24-11 = $13 Co = 11-7 = $4 Critical ratio = 13/(13+4) = 0.7647 μ = 30‚000 σ = 10‚000 Using normal distribution function (=norminv(0.7647‚30000‚10000))‚ the optimum order quantity is 37‚216 jerseys to maximize profit. 2. Quantity = 32‚000 First‚ we normalize the order quantity to find the z-statistic z=Q-μσ=32‚000-25‚00010‚000=0.7 We then look up the standard normal loss function. The expected lost sale is given by. Lz=0.1429 Therefore‚ the expected lost
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Sensibility Volume 1 CH 4-22 Chapter 4 1. Elinor has a different opinion of Edward. What is her opinion? Elinor finds Edward handsome and lovable 2. There is an old saying that states‚ “Beauty is in the eye of the beholder.” How might this saying apply to these two differing views of Edward? Elinor finds Edward to be both handsome and lovable and by the Elinor’s first opinion of Edward‚ it is clear that the beauty is apart of the beholder. 3. By the end of this chapter‚ the Dashwood ladies have
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Review Sheet Exercise 12 Serological Testing NAME Kali Rothfuss LAB DATE/TIME 6/22/11 Positive and Negative Controls 1. Why are there a number of washing steps in serological tests? The are a number of steps needed in order to remove any non specific binding that may have occurred. 2. Describe how you would know that you had a “false positive” result. What does this mean for the rest of your results? A positive result with a negative control indicates a “false positive”
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Student Name: Grade: Problem Set 1-A For National Income Accounting and the Balance of Payments Multiple Choice Questions (Please read all the choices) (Each question is 3 points) Mark the correct answer 1) Which one of the following statements is the most accurate? A) GNP plus depreciation is called net national product (NNP). B) GNP less depreciation is called net national product (NNP). C) GNP less depreciation is called net factor product (NFP). D)
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Answers Fundamentals Level – Skills Module‚ Paper F7 (INT) Financial Reporting (International) 1 (a) December 2008 Answers Pedantic Consolidated income statement for the year ended 30 September 2008 $’000 98‚000 (72‚000) ––––––– 26‚000 (3‚000) (7‚600) (500) ––––––– 14‚900 (5‚400) ––––––– 9‚500 ––––––– Revenue (85‚000 + (42‚000 x 6/12) – 8‚000 intra-group sales) Cost of sales (w (i)) Gross profit Distribution costs (2‚000 + (2‚000 x 6/12)) Administrative expenses
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REVIEW QUESTIONS CHAPTER 1 1. Place the following terms in size order‚ from largest to smallest‚ based on the structures or concepts they represent: a. chromosome b.gene pool c. gene d. DNA e. genome Gene pool‚ genome‚ chromosome‚ gene‚ DNA 2. Distinguish between: a. an autosome and a sex chromosome b. genotype and phenotype c. DNA and RNA d. recessvie and dominant traits e. pedigrees and karyotypes f. gene and genome a. An autosome does
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Problem Set Seven Solutions Chapter 9 1. Two car manufacturers‚ Saab and Volvo‚ have fixed costs of $1 billion and constant marginal costs of $10‚000 per car. If Saab produces 50‚000 cars per year and Volvo produces 200‚000‚ calculate the average fixed cost and average total cost for each company. On the basis of these costs‚ which company’s market share should grow in relative terms? Answer: Average total cost is average fixed cost plus marginal cost: ATC = FC/Q + MC. Volvo’s average fixed cost
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CHAPTER 4 JOB COSTING 4-1 Cost pool––a grouping of individual indirect cost items. Cost tracing––the assigning of direct costs to the chosen cost object. Cost allocation––the assigning of indirect costs to the chosen cost object. Cost-allocation base––a factor that links in a systematic way an indirect cost or group of indirect costs to cost objects. 4-2 In a job-costing system‚ costs are assigned to a distinct unit‚ batch‚ or lot of a product or service. In a process-costing system
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Chapter 12 Managing Knowledge in the Digital Firm 12-1 Chapter 12 Managing Knowledge in the Digital Firm Multiple Choice Questions 1. Expertise and experience of organizational members that has not been formally documented best describes: a. b. c. d. wisdom. information. data. tacit knowledge. 2. Knowledge that resides in the minds of employees that has not been documented is called: a. b. c. d. tacit knowledge. organizational memory. standard operating procedures. corporate culture
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Study Material INTEGRATED PROFESSIONAL COMPETENCE COURSE Cost Accounting and Financial Management Part 1 : Cost Accounting Vol. I The Institute of Chartered Accountants of India (Set up by an Act of Parliament) New Delhi PAPER 3 COST ACCOUNTING AND FINANCIAL MANAGEMENT Part – 1 : Cost Accounting VOLUME – I BOARD OF STUDIES THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA This study material has been prepared by the faculty of the Board of Studies. The objective of the
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