= 16.8% 7) a. 2009: 2010: HW 2 Fin 300 Cost of goods sold/Sales = 1‚500‚000/2‚500‚000
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Merton Truck Company was searching for ways to increase profits and ultimately its poor financial performance. Options being considered included changing their product mix by either removing or adding a product line‚ or renting capacity. In the following pages‚ the product mix and capacity options considered by Merton are evaluated‚ other factors and alternatives are discussed‚ and final recommendations are provided. Product Mix Based on the financials in 1988‚ Merton’s president suspected that
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personal computers. These printers are assembled at five different points along the production line. Each production line consists of five work teams with different levels of skill. Each team can be assigned to any of the five assembly points. The following table gives the time‚ in minutes‚ to perform the tasks at each assembly point for the individual teams. Assembly 2 26 24 26 24 26 Point 3 40 30 28 36 30 4 30 32 36 30 40 5 26 18 18 20 24 Team A B C D E 1 20 22 24 20 20 Formulate a linear programming
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(Rasmusen 2007) . . . . . . . . . . 1.2 Dirty campaign (lecture notes by Boehmke) . . . . . 1.3 George W. Bush in 2004 (lecture notes by Boehmke) 1.4 The Monty Hall problem (Rasmusen 2007) . . . . . 1.5 Elmer’s apple pie (Rasmusen 2007) . . . . . . . . . 1.6 Cancer tests (McMillan 1992) . . . . . . . . . . . . 1.7 The Battleship Problem (Nalebuff 1988) . . . . . . . 1.8 Joint ventures (Rasmusen 2007) . . . . . . . . . . . 7 7 8 9 10 11 12 13 13 17 17 17 18 19 19 20 20 21 22 22 22 23 25 26 26 27 28
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Jung Min Kim Estee Lauder in China Estee Lauder is a world leading American manufacturer‚ known for their skincare‚ makeup‚ fragrance‚ and hair care products. Estée Lauder and Joseph Lauder founded the company in 1946 at the heart of New York City. Estée Lauder Companies’ top brands include Aveda‚ Bobbi Brown‚ Clinique‚ Coach‚ Donna Karen‚ Estée Lauder‚ Jo Malone London‚ LAB series‚ La Mer‚ MAC‚ Michael Kors‚ Ojon Origins‚ Osiao‚ Smashbox Cosmetics‚ Tommy Hilfiger‚ Tom Ford‚ Tory Burch‚ and Ermenegildo
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Oscar Wilde observed in the late 1800’s that progress is made when people are disobedient and rebel against authorities. Think about problems that needed to be challenged‚ things where the rules were too strict to follow and still make the change wanted by many. Some occurrences are when Americans left the control of the British‚ abolishing slavery‚ and historical people like Rosa Parks during the Civil Rights Movement. A world without this history of taking a stand against authorities would be way
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profit. Formulate this problem. Ans. Let x1 and x2 be the number of dolls produced per day of type A and B respectively. Let the doll A require “t” hrs to make. So the doll B would require “2t” hours to make. So the total time to manufacture x1 & x2 dolls should not exceed 1000 per day. Therefore‚ x1 + 2x2 ≤ 1000 (time constrain). Other constrains are: x1 + x2 ≤ 1000 (Plastic constrain). x2 ≤ 500 (Dress constrain). And the non-negative constrains are x1 ≥0‚ x2 ≥0 Maximize the profit
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In Northbrook‚ Illinois‚ where the criminal rate has been only half the average US cities has downgraded its reputation after a homicide of a 22-year old Paul Koh erupted. Consecutive to his gory death‚ being “…stabbed multiple times...” his dad‚ the first generation of immigrant‚ Hyungseok Koh “has been charged with first-degree murder [holding] in lieu of $5 million bond” as a result of “a strained relationship between father and son” based on couple mumbled statements during the interrogation
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However‚ a matrix can be of any size‚ defined by m rows and n columns (thus an “m by n” matrix). A “square matrix‚” has the same number of rows as columns. To use Cramer’s rule‚ the matrix must be square. A determinant is number‚ calculated in the following way for a “2 by 2” matrix: a11 a12 A = = a11 a22 - a21 a12 a21 a22 For example‚ letting a11 = 6‚ a12 = 5‚ a21 = 3‚ a22
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admitting department’s costs and the number of patients admitted during the past nine months follow: Month Number of Patients Admitted Admitting Department’s Cost April 18 P 15‚ 600 May 19 P 15‚ 200 June 17 P 13‚ 700 July 15 P 14‚ 600 August 15 P 14‚ 300 September 11 P 13‚ 200 October 11 P 12‚ 800 November 48 P 72‚ 500 December 16 P 14‚ 000 REQUIRED: Using the high-low method‚ determine: 1. The variable costs per unit. 2. The annual fixed costs. 3. The admitting department’s monthly cost function
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