Week4_Project_HCM3006_Guinn_D

Hayworth Corporation has Just segmented last year's income statement into its ten product lines. The chief executive officer (CEO) is curlous as to what effect dropping one of the product lines at the beginning of last year would have had on overall company profit. What is the best number for the CEO to look at to determine the effect of this elimination on the net operating income of the company as a whole? Multiple Choice the product line's sales dollars the product line's contribution margin the product line's segment margin the product line's segment mergin minus an allocated portion of common fixed expenses

ool Beans is a locally owned coffeeshop that competes with two large coffee chains, PlanetEuro and Frothies. Alicia, the owner, is considering two different marketing promotions and thinks that CLV analysis will help her decide the best course of action. An average specialty coffee drink sells for $3.58 and has a margin of 67%. One promotion is providing loyalty cards to her regular customers that would give them one free specialty coffee drink after 10 regular purchases. Alicia estimates that this will increase the frequency of their purchases by 17. Currently, her customers average buying 2 specialty drinks per week.The second promotion is targeted at new customers. She would offer a free specialty drink to incoming college freshmen by providing a coupon with their orientation packages. Because of her location near the college, she expects that 330 students will come to Cool Beans for a free trial. Of those, she anticipates that 12% will become regular customers who will purchase at…

10 Dr. Lillian Fok, a New Orleans psychologist, specializes in treating patients who are agoraphobic (i.e., afraid to leave their homes). The following table indicates how many patients Dr. Fokh each year for the past 10 years. It also indicates what the robbery rate was in New Orleans during the same year: ! 1 F1 A 1 option Year Number of Patients Robbery Rate per 1,000 Population The simple linear regression equation that shows the best relationship between the number of patients and the robbery rate is (round your responses to three decimal places): ŷ=0+0x N @ 2 W S X command A where y Number of Patients and x = Robbery Rate. In year 11, if the robbery rate increases to 133.40, using trend analysis, the number of patients Dr. Fok will see = patients (round your response to two decimal places). In year 11, if the robbery rate decreases to 90.6, using trend analysis, the number of patients Dr. Fok will see = patients (round your response to two decimal places). #3 80 F3 E D $ 4 C 888…

Quality Foods Case Quality Foods, Inc. first started as a single family operated restaurant in southern New Jersey providing high quality meals at reasonable prices and using fresh local ingredients.  The business grew and Quality Foods expanded to operating multiple restaurants.  The restaurant business is very competitive and Quality Foods’ competition included McDonald’s, SmashBurger and Chipotle’s. Besides quality and price, Quality Foods management also ascertains that the speed of service is critical to the success of their company.  Based on preliminary observations, they found that their service delivery times were lacking when compared to their main competitors.  From their studies, it appears that their restaurants provided slower and erratic service, when compared to their competitors.  In order to identify and correct this potential problem, top management used various control tools such as check sheets, fishbone charts, Pareto charts, statistical process control and…

The market research team at AdRight is assigned the task The market research team at AdRight is assigned the task to identify the profile of the typical customer for each tread-mill product offered by CardioGood Fitness. 1. Create a customer profile for each CardioGood Fitness treadmill product line by developing appropriate tables and charts. 2. Write a report to be presented to the management of Car-dioGood Fitness detailing your findings. The market research team at AdRight is assigned the task

Cool Beans is a locally owned coffeeshop that competes with two large coffee chains, PlanetEuro and Frothies. Alicia, the owner, is considering two different marketing promotions and thinks that CLV analysis will help her decide the best course of action. An average specialty coffee drink sells for $4.26 and has a margin of 83%. One promotion is providing loyalty cards to her regular customers that would give them one free specialty coffee drink after 10 regular purchases. Alicia estimates that this will increase the frequency of their purchases by 14%. Currently, her customers average buying 2 specialty drinks per week.   The second promotion is targeted at new customers. She would offer a free specialty drink to incoming college freshmen by providing a coupon with their orientation packages. Because of her location near the college, she expects that 310 students will come to Cool Beans for a free trial. Of those, she anticipates that 16% will become regular customers who will…

St. Clair County Hospital is attemoting to assess its needs for nurses over the coming four months(January to April). The need for nurses depend on both the numbers and the types of patients in the hospital. Based on a study conducted by  consultants, the hospitals have determined that the following ratios of nurses to patients arerequired:                                                                    Patient Forecast Patient Type:          # of nurses         Jan        Feb       March     April Major surgery                    0.4           28           21         16          18 Minor surgery                    0.1           12           25          45         32 Maternity                           0.5            22           43          90        26 Critical care                        0.6            75           45          60        30 Other                                  0.3            80           94          73        77     a). How many nurses should be working each…

Dr. Lillian Fok, a New Orleans psychologist, spe-cializes in treating patients who are agoraphobic (i.e., afraid to leave their homes). The following table indicates how manypatients Dr. Fok has seen each year for the past 10 years. It alsoindicates what the robbery rate was in New Orleans during thesame year:   Using trend (linear regression) analysis, predict the number ofpatients Dr. Fok will see in years 11 and 12 as a function of time.How well does the model fit the data?

Cool Beans is a locally owned coffeeshop that competes with two large coffee chains, PlanetEuro and Frothies. Alicia, the owner, is considering two different marketing promotions and thinks that CLV analysis will help her decide the best course of action. An average specialty coffee drink sells for $4 and has a margin of 66%. One promotion is providing loyalty cards to her regular customers that would give them one free specialty coffee drink after 10 regular purchases. Alicia estimates that this will increase the frequency of their purchases by 16%. Currently, her customers average buying 2 specialty drinks per week.The second promotion is targeted at new customers. She would offer a free specialty drink to incoming college freshmen by providing a coupon with their orientation packages. Because of her location near the college, she expects that 330 students will come to Cool Beans for a free trial. Of those, she anticipates that 13% will become regular customers who will purchase at…

The Ladies Professional Golf Association (LPGA) maintains data on performance for members of the LPGA Tour. Scoring average is generally considered the most important statistic in term of a player’s success. To investigate the relationship between scoring average and variables such as driving distance, driving accuracy, greens in regulation, sand saves, and average putts per round, year-end performance data for 140 players on the LPGA Tour for 2012 are contained in the DATAfile named TourLPGA2012 (LPGA website). Each row of the data set corresponds to a LPGA Tour player. Descriptions for the variables in the data set follow. Scoring Average The average number of strokes per completed round. DrDist (Driving Distance) The average number of yards per measured drive. On the LPGA Tour driving distance is measured on two holes per round. Care is taken to select two holes which face in opposite directions to counteract the effect of wind. Drives are measured to the point at which they come to…

Lori Cook has developed the following forecasting model: where y demand for Kool Air conditioners and x= the outside temperature (degrees Fahrenheit) a) When the temperature outside is 70° F, demand forecast = b) When the temperature outside is 80° F, demand forecast = c) When the temperature outside is 90° F, demand forecast = 2 F2 W #3 2000 E $ 4 F4 R % 5 F5 T air conditioners (enter your response as an integer). air conditioners (enter your response as an integer). air conditioners (enter your response as an integer). MacBook Air 6 F6 Y & 7 y = 36.0 +4.30x, F7 U * 8 DII FB ( 9 DD F9 V This question ) 0 0 F10

A cosmetics manufacturer's marketing department has developed a linear trend equation that can be used to predict annual sales of Its popular Hand & Foot Cream. Ft = 100,000 - 16.000t Where F₁ = Annual sales t is in years (Enter all answers as whole numbers.) a. Are annual sales increasing or decreasing? By how much? Annual sales are b. Predict annual sales for year 8 using the equation. Annual sales for year 8 bottles bottles per year.

In the past, Peter Kelle's tire dealership in Baton Rouge sold an average of 1,200 radials each year. In the past 2 years, 240 and 260, respectively were sold in fall, 350 and 310 in winter, 140 and 165 in spring, and 300 and 635 in summer. With a major expansion planned, Kelle projects sales next year to increase to 1,200 radials. Based on next year's projected sales, what is the demand for summer going to be (enter your responses as whole numbers): 468 250 330 153

The Carbondale Hospital is considering the purchase of a new ambulance. The decision will rest partly on the anticipated mileage to be driven next year. The miles driven during the past 5 years are as follows: Year Mileage miles (round your response to the nearest whole number). a) Using a 2-year moving average, the forecast for year 6 = 1 3,050 2 4,000 3 3,450 4 3,750 5 3,750