Essay on Ms6000 Midterm

1. For the following scores, find the mean, median, and the mode. Which would be the most appropriate measure for this data set?

11. Prepare a table that illustrates the percentage change in costs between the volume-based system and the strategic activity-based system.

However, we must perform some analysis on this data to confirm that the results for our class really are significantly different from the average. To do this, we performed a chi-square analysis on our data. Our chi-square value is 14.733, and the degrees of freedom are 6. The resulting p-value falls between 0.05 and 0.02. Therefore, we conclude that the data from our class indeed does not fit the average.

describe reliability and validity in the Results section (see below). However, you would only do

5. Determine the necessary sales in unit and dollars to break-even or attain desired profit using the break-even formula.

Determine the unit break-even point, assuming fixed costs are $60,000 per period, variable costs are $16.00 per unit, and the sales price is $25.00 per unit.

Because each product has a different contribution margin percentage, the volume required for each break-even point would be different and will not add up to the company’s overall break-even volume of 1,100,000 units; the overall break-even volume assumes that there is only one contribution margin percentage which is :

Question 16 Managers who optimize their decisions will attempt to choose a) the first minimally acceptable alternative. b) among those alternatives with variable results. c) the least expensive alternative. d) that alternative that produces the least conflict. e) an alternative that achieves the best possible balance among several goals.

Based on the Excel Problem of chapter one, if the total capacity for this business is 725 will you stay in it? If you want to stay in it what price you need to obtain a break even point of 725?

* 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.)

Conclusion : Reject the null hypothesis. The sample provide enough evidence to support the claim that mean is significantly different from 12 .

1) Determining the best payoff for each alternative and choosing the alternative with the "best of the best" is the approach called:

This question gives students an opportunity to exercise their ability to interpret break-even analyses. Key teaching points should include explaining the preparation of a break-even chart, the interpretation of the break-even volume (938,799 hectoliters [HL]), and the comparison of the break-even volume to the current volume (1,173,000 HL). Another key point is that the chart in case Exhibit 5 is relevant only for the current cost structure of the company—if variable costs increase or the plant expansion is approved, the break-even volume will rise. Finally, students should be aided in understanding that “break-even” refers to operating profit, not free cash flow. The typical use of the break-even chart ignores taxes, investments, and the depreciation tax shield.

Using the sample data given in Table 2-20, make a recommendation for how many units of each style Wally should make during the initial phase of production. Assume that all of the 10 styles in the sample problem are made in Hong Kong and that Wally’s initial production commitment must be at least 10,000 units. Ignore price differences among styles in your initial analysis.

When price is $20.6, the quantity is 1,242,425 and profit is $101, we come near to break even point.