mble xtorio.com/secured#lockdown匈☆nabled: Chapter 4 The Art of Model...SavedHelpSave & ExitSubnAn analyst is constructing a simple model to determine the gross and net profit of a product, given its profit per unit, quantity sold, andthe total costs assigned to the product. The calculation for gross profit is Profit per Unit times Quantity. The calculation for Net Profit isGross Profit minus Total Costs.52 Profit per Unit3 Quantity4 Gross Profit18,2006 Total Costs8,3008 Net ProfitWith the values for Profit per Unit, Quantity, and Total Costs shown above, what should the model return for the following calculatedcells?CellValueGross ProfitNet Profit< Prev4 of 5O Next >GrawHill30F3FI%D&23 #4.56ETQG@H.KCVcmd98F.

Given that - Profit per unit $5 Quantity 18,200 Gross profit ? Total costs 8,300 Net…

Answered: An analyst is constructing a simple…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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TP4. LO 6.6Review the most recent yearly (or quarterly) income statement for a publicly-traded company and answer the following questions.What company did you choose, and which income statement format do they use (multi-step, simple, or combination)?What information is included on the statement?Do you agree with the format presentation? Why or why not?What are the benefits and limitations with the income statement format choice?Compute the Gross Profit Margin Ratio. Discuss the results.
6. A system that enables people to conduct financial transactions from a smartphone or other wireless mobile device is called: A. Imaging Systems B. Mobile Banking C. E-payments D. None of the above 7. Forward auctions offer the following benefits to B2B sellers except: A. Increased “stickiness” B. Cost savings. C. Revenue generation D. Decreased "stickness" 8. A special category of e-learning is called: A. M-learning B. E-Training C. E-Books D. None of the above 9. New knowledge must be placed in context so that it is actionable is: A. Capture knowledge B. Update knowledge C. Refine knowledge D. Disseminate knowledge 10. This developing technology is supposed to replace the WiMax. A. Wireless wide area networks B. LTE (Long Term Evolution) C. Wireless local area networks and Wi-Fi D. Personal area networks Note: i just need right option no need explain, (like 6 ans b, 7 ans b)
Please explain ASAP and give example/s
SIMPLEX METHOD: Min C = 3X1 + 7X2 + 5X3 Subject to: X1 + X2 + X3 > 50 2X1 + 3X2 + X3 > 100 Based on the initial tableau, answer questions no. 1-5 What is the value of X3 on the Cj row? What is the value of S2 on the right-hand side/quantity column? What is the value of Zj on the right-hand side/quantity column? What is the value of X3 on the Cj – Zj row? What is the entering variable?
Your company makes hand sanitizer in two lines: Moisturizing+, and StandardSoap. On the market, Moisturizing+ retails for $175/L and StandardSoap retails for $95/L. You make the hand sanitizer by combining lotion, soap, and secret ingredient SpecialX. These ingredients are purchased from a mysterious supplier, and you can purchase at most 4000L of lotion, 5000L of soap, and 750L of SpecialX in a month. Lotion costs $25/L, soap costs $10/L, and SpecialX costs $35/L. To make 1L of Moisturizing+, you need to combine 0.5L of lotion, 0.3L of soap, and 0.2L of SpecialX. To make 1L of StandardSoap, you need to combine 0.4L of lotion, 0.55L of soap, and 0.05L of SpecialX. Your company has committed to donating 500L of StandardSoap to a local charity. Since this is a donation, you will not receive any revenue. However, the costs and purchasing limits apply to both the hand sanitizer that is sold on the market and donated to charity. You want to maximize your monthly profit. Assume that…
Trinity product Limited makes and sells three types of electronic security systems for which the following information is available Standard cost and selling price per unitDay Scan Night scan Omni scan GH¢ GH¢ GH¢Material 70 110 155Manufacturing labour. 40 55 70Installation labour. 24 32 44Variable overheads. 16 20 28Selling price 250 320 460 Fixed cost for the period are GH¢450,000 and installation labour, which is highly skilled is available for 25,000 hours only in a period and is paid GH¢8 per hour. Both manufacturing and installation labour are variable cost. The maximum demand for the period is: Day scan 2,000 units; Night scan 3,000 units; Omni scan 1,800 units. RequiredA) Having carried out an investigation of the availability of installation labour, the firm thinks that by offering GHS 12 per hour, additional installation would become available and thus overcome the labour…
Property DataAnswer the following questions about property data: Briefly describe how STR obtains raw property data. Identify the various metrics used by the hotel Industry, both the raw values, the KPIs, and the Percent Changes. Explain how metrics are calculated when it comes to multiple time periods. Compare the differences between how monthly and daily data is treated Identify “hints” that should be remember when working with the various metrics.
Which of the following statements are true or false? 1.1 One of the objectives of purchasing and supply chain management is to maintain an optimum balance of inventory that would ensure the desired level of customer service while increasing costs. 1.2 Supply management has a major impact on the net income of the firm because it increases input costs and reduces sales revenue 1.3 The purchasing and supply function of a firm operates independently from the other enterprise functions. 1.4 Supply Management is the process of planning, organising, coordinating and controlling all the resources of the firm effectively and efficiently in order to attain the objectives of the firm as determined by management. 1.5 Strategic plans formulated at top management of purchasing and supply management are implemented or executed at top level management 1.6 In decentralized purchasing structures negotiating power is increased and volume discounts are made possible. 1.7 Steps of the strategic…
YZ industries comes to town and is trying to win your business. They say that they can give you some volume discounts. Specifically, they say if you order 4000 or more at a time, they'll sell you the bags at $9.75 per bag.If you order more than 5,000 bags at a time, they'll sell it to you for $9.50 a bag, and if you order 10,000 or more at a time they'll sell you their bags at $9 a bag. What quantity should you order at a time? YZ industries charge the same order cost as KB industries. What is the most money can you save by firing KB industries and ordering from YZ industries?
AutoTime, a manufacturer of electronic digital timers, has a monthly fixed cost of $50,000 and a production cost of $7 for each timer manufactured. The timers sell for $15 each. (a) What is the cost function C(x)?C(x) = (b) What is the revenue function R(x)?R(x) = (c) What is the profit function P(x)?P(x) = (d) Compute the profit (loss) corresponding to production levels of 3000, 6000, and 11,000 timers, respectively. (Input a negative value to indicate a loss.) 3000 timers $ 6000 timers $ 11,000 timers $
Suppose that Mac only kept track of the number of magazines sold. Would thisgive an accurate representation of the demand for the Journal? Under what circumstances would the actual demand and the number sold be close, and underwhat circumstances would they differ by a substantial amount?
Explain FIVE (5) examples of solving business problems using LinearProgramming (LP)

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