Hamptonshire Express Essay

Compute the projected profit for the order quantities suggested by the management team under three scenarios: worst case in which sales = 10,000 units, most likely case in which sales = 20,000 units, and best case in which sales = 30,000 units.

Imagine that you have decided to open a small ice cream stand on campus called "Ice-Campusades." You are very excited because you love ice cream (delicious!) and this is a fun way for you to apply your business and economics skills! Here is the first month's scenario--you order the same number (and the same variety) of ice creams each day from the ice cream suppliers, and your ice creams are always marked at $1.50 each. However, you notice that there are days when ice creams remain unsold but other days when there are not enough ice creams for the number of customers.

The rise in revenue was rapid starting from the year of operations. The key period of business was from April to September were revenues were equal to 65% of total revenue as the product was seasonal. The basis of forecasting for the year 1981 & 1982 is the expectations of sales by Mr. Turner & Mr. Rose. It is given that total sales were $ 15.80 million in first half of year 1981 and the total sales in 1981 to reach $ 30 million. Profit after tax was expected to be $ 1 million for 1st half and we assumed for the next half, profit will be in proportion to first half & expected to be amounting to $ 0.90 million. For year 1982, the sales expectation by Mr. Rose was around more than $ 71 million &

4. a. The optimal stocking quantity is 409 according to the spreadsheet in the simulation, which is a decrease from 516 in problem #3 because in the event that the Express stocks out, Ralph still makes a profit from 40% of customers who will buy the Private. Therefore, because he makes more profit off of the Private, his risk decreases because of cost of understocking of the Express.

1. The local Mastermind store sells innovative educational toys. Part of their service is giving advice to customers about the best toys for a particular age group, which requires having more customer service representatives in the store. During the month long Christmas buying season, it makes half of its $500,000 yearly sales. Its contribution margin on average is 40% and its fixed costs for the year are about $150,000. The owner believes that she could make even higher sales, if she had more customer service representatives on the floor during the peak season. She plans on hiring four more people for 200 hours each at $20 per hour. How much additional revenue does she have earn to the nearest dollar

The new owner of a beauty shop is trying to decide whether to hire one, two, or three beauticians. She estimates that profits next year (in thousands of dollars) will vary with demand for her services and has estimated demand in three categories low, medium and high.

* Use the profit maximization rule MR = MC to determine your optimal price and optimal output level now that you have market power. Compare these values with the values you generated in Assignment 1. Determine whether your price higher is or lower.)

Abbey Road is heralded as one of the greatest rock ‘n roll albums ever. It grinds with hard rock and sways with soft guitar. The variety of the tracks provides something for everyone. It was created in 1969 at the famous Abbey Road studios. George Martin and Geoff Emerick, who had produced many other Beatles’ albums, contributed to this work. This album is one of the more famous albums of the Beatles, who are one of the most popular bands ever. Almost every piece of this album, even the cover, is art works in themselves.

Durham Cathedral is one of the oldest examples of Romanesque architecture present in England today. Although the cathedral was completed in the early 12th century there are signs of Gothic architecture present due to the close relation of Romanesque and Gothic styles. In Robert Scott's book The Gothic Enterprise he discusses how the early Gothic style pulled heavily from the Romanesque style of architecture and built upon it's basic themes. Durham Cathedral's extensive history shows how the church's style of architecture remains mainly Romanesque, but has impressions of other styles due to renovations in different eras.

30. The manager of the local National Video Store sells videocassette recorders at discount prices. If the store does not have a video recorder in stock when a customer wants to buy one, it will lose the sale because the customer will purchase a recorder from one of the many local competitors. The problem is that the cost of renting warehouse space to keep enough recorders in inventory to meet all demand is excessively high. The manager has determined that if 90% of customer demand for recorders can be met, then the combined cost of lost sales and inventory will be minimized. The manager has estimated that monthly demand for recorders is normally distributed, with a mean of 180 recorders and a standard deviation of 60. Determine the number of recorders the manager should order each month to meet 90% of customer demand.

I think Tamira should follow option C because option C gives you more benefits. In class when we went over the worksheet we discovered that option A makes 10 shirts an hour, costs $17 to make, and has a profit of $3. Option B makes 32 shirts an hour, costs $19.50 to make, and has a profit of $0.50. Option C makes 50 shirts an hour, costs $14.60 to make, and has a profit of $5.40. So option C makes the most sense to follow because it makes more shirts in one hour and has a greater

b) In the case the company maximizes the production of Lx. When including fixed overhead in the unit profit calculation, S is shown to be unprofitable, which leads to company proposing that S should be

The first scenario will analyze a pizza company. William, owner, is trying to increase outputs while minimizing their costs. It has been determined that four ovens cost the company $1,000. In addition, he has supplied the following

As per the current scenario of the labour working in our company, we estimate that, each year, we have 1,00,000 minutes of mixing, 50,000 minutes of pelletizing time and 60,000 minutes of packaging time available. How many of each variant should our company make per year and what is the associated profit?

Question 8: Barbra is in charge of maintaining BX7 supplies at the hospital where the mean demand for it during lead time is 60 (normally distributed) and std dev of 7.