A chain store plans for reduce its workforce by 4%. If there are currently 18,600 employees and 126 of them retire voluntarily, how many additional employees must be laid off?
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A chain store plans for reduce its workforce by 4%. If there are currently 18,600 employees and 126 of them retire voluntarily, how many additional employees must be laid off?
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- A paper published in the Harvard Business Review points out a new way to calculate economic profit that could be more appropriate for service firms and other people-intensive companies. Instead of focusing on investment and return on investment, the focus is on employee productivity, both in terms of generating revenues and reducing costs. The approach is to first determine economic profit in the conventional way, except that we ignore taxes, so that economic profit is before tax, as follows: Economic profit = Operating profit − Capital charge Assume the following information for a hotel chain that wishes to adopt the new method. The firm has $100 million in operating profit, has $1 billion in investment, and uses a cost of capital rate of 5%, so the capital charge is $50 million and the economic profit is $50 million. Relevant calculations are contained in Part 1 of the following schedule: Part 1: Economic Profit (in thousands, except cost of capital rate) Revenue $…You are thinking of making your mansion more energy efficient by replacing some of the light bulbs with compact fluorescent bulbs, and insulating part or all of your exterior walls. Each compact fluorescent light bulb costs $4 and saves you an average of $2 per year in energy costs, and each square foot of wall insulation costs $1 and saves you an average of $0.20 per year in energy costs.† Your mansion has 150 light fittings and 2,900 square feet of uninsulated exterior wall. To impress your friends, you would like to spend as much as possible, but save no more than $900 per year in energy costs (you are proud of your large utility bills). How many compact fluorescent light bulbs and how many square feet of insulation should you purchase? How much will you save in energy costs (in dollars) per year? (If an answer does not exist, enter DNE.)You operate a small wooden toy company making two products: alphabet blocks and wooden trucks. Your profit is $30 per box of blocks and $40 per box of trucks. Producing a box of blocks requires one hour of woodworking and two hours of painting; producing a box of trucks takes three hours of woodworking, but only one hour of painting. You employ three woodworkers and two pointers, each working 40 hours a week. How many boxes of block (B) and trucks (T) should you make each week to maximize profit? Solve graphically as a linear program and confirm analytically.
- Hi can I get help on this please? I am stuck!! Question: lumber and plywood. In a given week, the mill can turn out 400 units of production, of which at least 100 units of lumber and at least 150 units of plywood are required by regular customers. The profit is $25 per unit of lumber and $38 per unit of plywood. Assume that all units produced are sold. How many units of each should the mill produce in order to maximize the profit? What is the maximum profit?If required, round your answers to the nearest whole number. Optimal Solution Units Cost 1-A fill in the blank 34 $ fill in the blank 35 1-B fill in the blank 36 $ fill in the blank 37 1-C fill in the blank 38 $ fill in the blank 39 2-A fill in the blank 40 $ fill in the blank 41 2-B fill in the blank 42 $ fill in the blank 43 2-C fill in the blank 44 $ fill in the blank 45 3-A fill in the blank 46 $ fill in the blank 47 3-B fill in the blank 48 $ fill in the blank 49 3-C fill in the blank 50 $ fill in the blank 51 Total $ fill in the blank 52fi Auto mobile company manufactures cars and trucks. Each vehicle must be processed in the paint shop and body assembly shop. If the paint shop were only painting trucks, then 80 per day could be painted. If the paint shop were only painting cars, then 120 per day could be painted. If the body shop were only producing cars, then it could process 100 per day. If the body shop were only producing trucks, then it could process 100 per day. Each truck contributes GHS60,000 to profit, and each car contributes GHS40,000 to profit. Use linear programming to determine a daily production schedule that will maximize the company’s profits.
- A) Ishwell Inc. is a growing company that just hired its 30th employee. Up until this point, they have offered single-coverage benefits to all full-time employees. They do not have a group plan, but rather they have purchased individual plans for each employee who needs insurance. The average age is 41, the average length of service is 5 years, the average salary is $75,000, and 70% of their workforce is women, and of those in the plan 60% of them are also covered under a spousal plan. They can decline applying for coverage if they wish. They are ready to consider adding a group plan. Using your HR knowledge, please respond to the following questions: Discuss whether or not Ishwell should move to a group plan? B) What types of challenges do you see that Ishwell encounter in the adoption of a group benefit plan?A) Ishwell Inc. is a growing company that just hired its 30th employee. Up until this point, they have offered single-coverage benefits to all full-time employees. They do not have a group plan, but rather they have purchased individual plans for each employee who needs insurance. The average age is 41, the average length of service is 5 years, the average salary is $75,000, and 70% of their workforce is women, and of those in the plan 60% of them are also covered under a spousal plan. They can decline applying for coverage if they wish. They are ready to consider adding a group plan. Using your HR knowledge, please respond to the following questions: Discuss whether or not Ishwell should move to a group plan?Suppose executives estimate that the unit variable cost for their DVD recorder is $100, the fixed cost related to the product is $10 million annually, and the target volume for next year is 100,000 recorders. What sales price will be necessary to achieve a target profit of $1 million?
- For a table manufacturing company, selling price for a table is $183.00 per Unit, Variable cost is $25.00 per Unit, rent is $3,380.00 per month and insurance is $296.00 per month. Company wants to expand its business and improve the table quality, it wants to increase the selling price for a table to $254.00 per Unit, Variable cost to $43.00 per Unit, bigger area will have rent $5,235.00 per month and insurance is $362.00 per month At what point will the company be indifferent between the current mode of operation and the new option?A furniture company is producing two types of furnitureand wants to determine the profit maximizing output combination. Product A requires 8 board feet of wood and 2 lbs of wicker. Product B requires 6 board feet of wood and 6 lbs of wicker. There are 2000 board feet of wood available for product and 1000 lbs of wicker. Product A earns a profit margin of $30 a unit and Product B earns a profit margin of $40 a unit. Show all of your work and provide evidence that you can set up and solve a linear programming (LP) problem. Clearly identify your answer(s) and provide a brief discussion of the results. You may use the POM (preferred and easier) or another software to complete this problem. Submit your results from the software in an Excel file. Each of questions below can be answered by running the problem in POM or the MAC version of QM-POM and using the ranging window in POM or the sensitivity output in the MAC version. Formulate and solve the problem as a linear programming…A furniture company is producing two types of furnitureand wants to determine the profit maximizing output combination. Product A requires 8 board feet of wood and 2 lbs of wicker. Product B requires 6 board feet of wood and 6 lbs of wicker. There are 2000 board feet of wood available for product and 1000 lbs of wicker. Product A earns a profit margin of $30 a unit and Product B earns a profit margin of $40 a unit. Show all of your work and provide evidence that you can set up and solve a linear programming (LP) problem. Clearly identify your answer(s) and provide a brief discussion of the results. You may use the POM (preferred and easier) or another software to complete this problem. Submit your results from the software in an Excel file. Each of questions below can be answered by running the problem in POM or the MAC version of QM-POM and using the ranging window in POM or the sensitivity output in the MAC version. a. Formulate and solve the problem as a linear programming…