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$=2$
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CASE 6-1: PREPARE A PRODUCTION PLAN: WHAT PROBLEMS ARRIVE? Midwest Plastics Company has conducted profit planning for several years. The president stated (with justification) that inventory control and planning had not been satisfactory, which was mainly due to poor planning of production and inventory budgets. Please analyze and provide recommendations, in detail, on the issue regarding the 20B profit plan, which is now being prepared. Their analysis and recommendations will be presented to the executive committee. Despite the seasonality factor, the sales department has been successful in developing a sales plan, on a monthly basis, for each year. The following sales data is available for 20B. 1. Sales plan summary for 20B: 2. Finished goods inventory, as of January 1, 20B, is 96,000 units. 3. Work-in-process inventory will remain constant. 4. Actual annual sales in 20A, including the estimate for December, were 350,000 units. 5. The average finished goods inventory during 20A was 70,000 units. IT IS REQUESTED. 1. Prepare the annual production budget, assuming that management policy is to budget ending finished goods inventory at a standard quantity, based on the ratio of historical sales of 20A to inventory turnover. 2. Prepare a schedule showing sales, production, and inventory levels for each month, assuming: 1) stable inventory, 2) stable production, and 3) recommended inventory-production levels. In developing your recommendations, assume that the following policies have been established: a) The president has set the policy that a maximum inventory of 85,000 units and a minimum inventory of 75,000 units should be used, except in abnormal circumstances. b) A stable level of production is definitely preferred, except that during the holiday season in July and August, production may be reduced by 25 percent. Likewise, a variation in production of 7.5 percent above and below the average level is acceptable. 3. What are the main problems faced by the company in production planning? Make your general recommendations.
Calculate the 6th term of PA whose 1st term is 6.5 and the ratio 5
a bank finds that the balances in its savings accounts are normally distributed with a mean of $500 and a standard deviation off of $40. What is the probability that a randomly selected account has a balance of more than $400?
Let I ⊂ R be a bounded and nonempty interval. Show that there are numbers a, b ∈ R with a ≤ b and I =[a,b] or I =[a,b) or I =(a,b] or I =(a,b)
7273736363-8
4X^2 25
If 0101, what is the binary representation of the 4x16 decoder output?
using the math and science known about the jefferson river bridge Find a truss in use and develop a load diagram. Use a load of 50 lb on each joint along the bottom of the truss for a truss that actrs as a bridge and along the top joints for a truss that acts as a roof
If X1 and X2 are independent standard normal variables, find P(X1^2 + X2^2 > 2.41)
How much does the average college student spend on food per month? A random sample of 50 college students showed a sample mean $670 with a standard deviation $80. Obtain the 95% confidence interval for the amount college students spend on food per month.
Jasminder has made 55% of the recipes in a particular cookbook. If there are 9 recipes that he has never made, how many recipes does the cookbook contain?
Your grandfather has run a small high street pharmacy for 40 years. After much persuasion, he has agreed to open a digital store online. List 5 potential ways to improve sales and/or margins by having a digital pharmacy through the utilisation of historic or new sales data.
A contractor gives a bank note for $10250 at a rate of 1% for one month. How much interest is charged for 4 months?
To get to a hotel on the hill you have to travel 6 km of uphill road and every kilometer there are 6 sharp curves. Each of the sharp curves is marked by three traffic signs. How many traffic signs are there on the stretch of road that leads to the arbergi?
A salesperson earns a base salary of $600 per month plus a commission of 10% of the sales she makes. You discover that on average, it takes you an hour and a half to make $100 worth of sales. How many hours will you have to work on average each month for your income to be $2000?
Evaluate ab+dc if a=56 , b=−34 , c=0.4 , and d=12 . Write in simplest form.
2 - 6x = -16x + 28
2.3 X 0.8
16-(x²+x+2)²
The supply of a good registers periodic increases. With each increase in the offer, the total receipts of the bidders increase. Indicate the correct statement: a) demand is elastic b) demand is inelastic c) supply is inelastic d) supply has unit elasticity.
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Students Ana Beatriz and Paula decided to register on a website with exercises to study for upcoming simulations, but to register on this website, they need to choose a password consisting of five characters, three numbers and two letters (capital letters). or lowercase). Letters and numbers can be in any position. They know that the alphabet is made up of twenty-six letters and that an uppercase letter differs from a lowercase letter in a password. What is the total number of possible passwords for registering on this site?
10.Silvana must knit a blanket in 9 days. Knitting 8 hours a day, at the end of the fifth day, only 2/5 of the blanket was done. To be able to finish on time, how many hours will Silvana have to knit per day?
The gross domestic product the gdp for the United States in 2017 was approximately $2.05x10^3. If you wrote this number in standard notation , it would be 205 followed by how many zeros
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Determine the correct value: A company knows that invoices pending collection have a normal distribution with a mean of $1.65 million, with a standard deviation of $0.2 million, then: The probability that an invoice pending collection has an amount that is within more than 2 deviations below the mean, is:
Evaluate limx→∞tan−1(x) using that y=tan−1(x) exactly when x=tan(y) . (Hint: Both tan and tan−1 are continuous!)
A, B, C and D are numbers; If ABCD = 23, What is the result of ABCD BCDA CDAB DABC operation?
Moaz wanted to test whether the level of headache pain (on a scale of 1 – 10) changes after taking Advil. He collected data from 9 participants and calculated the difference in headache pain before and after taking Advil (summarized in the table below). Determine W observed for this test. Difference Scores -2 -4 0 +1 +3 -2 0 -3 -5 Also, What is the degrees of freedom for this test?
-27=-7u 5(u-3)
how many arrangements can be made of 4 letters chosen from the letters of the world ABSOLUTE in which the S and U appear together
form a key for your lock containing the numbers 2 2 5 8 How many different keys can you form?
Use the sample data and confidence level given below to complete parts (a) through (d). A drug is used to help prevent blood clots in certain patients. In clinical trials, among 4336 patients treated with the drug, 194 developed the adverse reaction of nausea. Construct a 99% confidence interval for the proportion of adverse reactions.
Show this compound proposition to be true or false. Paris is the capital of England or Rome is the capital of Italy
7.57 Online communication. A study suggests that the average college student spends 10 hours per week communicating with others online. You believe that this is an underestimate and decide to collect your own sample for a hypothesis test. You randomly sample 60 students from your dorm and find that on average they spent 13.5 hours a week communicating with others online. A friend of yours, who offers to help you with the hypothesis test, comes up with the following set of hypotheses. Indicate any errors you see. H0 :x ̄<10hours HA : x ̄ > 13.5 hours
Find the number of pounds of nails required for 17850 square feet of drywall if each thousand square feet requires 4.5 pounds of nails.
On Tuesday Shanice bought five hats.On Wednesday half of all the hats that she had were destroyed.On Thursday there were only 17 left.How many Did she have on Monday.
8. Measurement Jillian measured the distance around a small fish pond to be 27 yards. What would be a good estimate of the distance across the pond: 14 yards, 9 yards, or 7 yards? Explain how you decided.
The inner radius of a spherical ball is 13 cm. How many liters of air are in it? Justify your answer!
Triangle ABC has AB=AC and angle BAC =X, with X being less than 60 degrees. Point D lies on AB such that CB = CD Point E lies on AC such that CE= DE Determine angle DEC in terms of X
In an experiment to assess the effect of listening to audiobooks while driving, participants were asked to drive down a straight road in a driving simulator. The accompanying data on time (in milliseconds) to react when a pedestrian walked into the street for 10 drivers listening to an audiobook are consistent with summary statistics and graphs that appeared in the paper "Good Distractions: Testing the Effect of Listening to an Audiobook on Driving Performance in Simple and Complex Road Environments."† (Round your answers to four decimal places.) 1,018 1,007 1,054 988 937 1,030 1,065 1,011 860 1,106 A button hyperlink to the SALT program that reads: Use SALT. Calculate the variance for this data set. 7437.7333 Incorrect: Your answer is incorrect. Calculate the standard deviation for this data set. 86.2022 Incorrect: Your answer is incorrect.