BA 117 Problem Set #1 - CVP Deadline: November 26‚ 2011 A. The break-even point in units can be computed as Fixed Costs divided by the contribution margin per unit. On the other hand‚ the break-even point in pesos can be computed as Fixed Costs divided by the contribution margin ratio. Using the profit equation π = TR – TC; where π = operating profit‚ TR = Total Revenue and TC = Total Cost‚ derive the break-even formulas. B. From the profit equation π = TR – TC‚ derive the formula for the
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Recently‚ researchers have been uncovering startling evidence that color has a number of unexpected effects on human psychology. Blue‚ long thought to be a soothing color‚ has also been found to heal brain aneurysms. A study at Mt. Hopeful Hospital in Boston revealed that patients who were assigned rooms decorated in shades of blue healed 27% faster on average than patients who were assigned hospital rooms in standard shades of puce and olive (Balderdash Adam‚ 1999‚ p. 12). “It’s absolutely remarkable
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1 A stream has been monitored weekly for a number of years‚ and the total dissolved solids in the stream averages 40 parts per million and is constant throughout the year. Following a recent change in land use in the drainage basis of the steam‚ a fluvial geomorphologist finds that the mean parts per million of dissolved solids in a 25-week sample to be 52 with a standard deviation of 32. Has there been a change in the average level of dissolved solids in this stream? 2 An exhaustive survey
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International Trade Simulation Trade conditions were analyzed in the International Trade Simulation between four countries‚ Rodamia being the country in which decisions are made to stop or continue trade with surrounding countries. The simulation shows a variety of situations where trade agreements are created‚ cutoff‚ and strengthened displaying different options and different outcomes to the decisions made. The simulation demonstrated how international trade increases the production of goods
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The Pizza Store Layout simulation Leland Paul OPS/571 February 4‚ 2013 Jeanette Brooks The Pizza store simulation provided an opportunity to experiment with different possibilities for a manager to best maximize its profits for the owner of the restaurant Mario. The objective of the simulation was for management to come up with a plan of success. The plan of success would help with the management of waiting lines be it long or short‚ which is one of the key issues that are facing the restaurant
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Comparison of Simulation Software Paper You are the industrial engineer for a 200-person firm that manufactures backpacks. Your firm has never used simulation software before. You believe that you could justify the purchase of the software by conducting one study per month‚ which results in an average savings of $3‚000 per study. The studies would be company wide analyzing inventory‚ material handling‚ and warehousing problems‚ to name a few. The firm’s senior executives strongly endorse
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Don’t you just hate when people make up terminology to suit their purpose? You may think that Chan Kim and Renee Mauborgne may fall into the category of trying to coin new words to set their concepts apart‚ but there is method to the madness. The concept is quite simple to understand. The Red Ocean is where every industry is today. There is a defined market‚ defined competitors and a typical way to run a business in any specific industry. The researchers called this the Red Ocean‚ analogous to
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Team-A Critique: Thinking Critically Simulation Paper Critical thinking is essential in business and in every aspect of life. The more time spent thinking critically about an issue or problem allows the thinker time to generate a response and a course of action. A person that thinks critically about a decision before acting has the best chance of getting optimal results. Team-A has completed the Thinking Critically simulation and has reviewed the results as a group determining that in business
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Blood Analysis: Computer Simulation Introduction Blood is a combination of plasma (watery liquid) and red and white blood cells as well as platelets. It is a specialized bodily fluid that supplies essential substances and nutrients‚ such as sugar‚ oxygen‚ and hormones to our cells. Blood analysis can determine how functions of the body are working and if they are working properly. The purpose of this lab is to understand how various ailments‚ locations‚ and blood types can affect blood analysis
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and being involved in the third and last simulation was beneficial. I felt out all three simulated workshops‚ the last one was where I was most confident and completely emerged myself in practice. This enabled me to gain great experience and feedback. The workshop commenced in the same if not similar way to the previous two workshops. The briefing included being introduced to Daphne‚ and revising the scenario that followed on from last week. Simulations begun soon after‚ which I played roles in
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