Company Ajax has the following information from its financial statements in 2021. The annual sales revenue was $271 million and we assume that the company operated for 365 days last year. The accounts receivable (AR) amounted to $31.8 million and the accounts payable (AP) to $33.2 million. Further from the balance sheet, the inventory is valued at $12.6
Q: What elements of Shortest Job First Scheduling and Priority Scheduling are comparable?
A: Priority Scheduling The procedures are carried out in order of priority using a priority scheduling…
Q: The actual number of patients at Providence Emergency Medical Clinic for the first six weeks of this…
A: Solution Week Number of patient Weights Forecast 85 85 88 88 96 96 0.125 12 80 80…
Q: Café Michigan's manager, Gary Stark, suspects that demand for mocha latte coffees depends on the…
A: Given, Price Number Sold 2.7 770 3.6 550 1.9 975 4.2 245 3.2 315 4.05 480 y =…
Q: A company manufactures a mechanical device which consists of four parts, each of which can be…
A:
Q: A manufacturer has several identical machines that can be used to produce a product. Each unit…
A: Each unit take time(T) = 28 minutes Each machine take time per day(D) = 13 min Number of working day…
Q: Tommy Hilfiger is currently considering to source certain textile goods, Tommy Jeans, from Mexico.…
A: Maximum allowable production cost can be determine by comparing the total cost for each option. By…
Q: The owner of Darkest Tans Unlimited in a local mall is forecasting this month's (October's) demand…
A: The following formula for exponential smoothing forecast (Alpha*Actual demand)+(1-alpha)*Forecast…
Q: How do you use the Silver-Meal ordering policy to find the Total annual Cost for the damand and…
A: Instructions Determine the average cost for each demand on an individual basis and on a combined…
Q: Explain briefly any two solutions a bakery can use to manage its adhoc order ?
A: To be determined: Two solutions for a bakery to manage its adhoc orders. Introduction: The ability…
Q: Focusing on Promotion, critically analyse the gaming company Activision Blizzards current online and…
A: Activision Blizzards put more emphasis on the online marketing of video gaming software that is…
Q: A company uses to chemicals (1 and 2) to manufacture two drugs. Drug 1 must be at least 60% chemical…
A: Objective Functions and Constraints: Based on the given details, the objective…
Q: Customers are served in a process with two resources (workers in each resource work independently).…
A: Capacity of any process is equal to the capacity of its bottlenck resource.
Q: Jim Jones manufactures inexpensive set-it-up-yourself furniture for students. He currently makes two…
A: The four steps that are required for solving the Linear Programming Problem are as follows:…
Q: Compute the exponentially smoothed forecast with a = 0.40, the adjusted exponentially smoothed…
A: Forecasting is predicting in advance the demand of the future. General formulas for exponential…
Q: 1. Can a project have two critical paths? Why or why not? Give a brief example to illustrate your…
A: The critical route approach is a popular and beneficial technique for determining the ideal sequence…
Q: Suppose there is a company that does all the work manually and has a particular system in each…
A: Enterprise resource planning is a business suite that enables various organizations to manage the…
Q: Which of the following organizations reflect the use of vertical hierarchy of authority? vertical…
A: Large organizations generally select the vertical organizational structure to operate a different…
Q: Gross requirements Scheduled receipts Inventory on hand Net requirements Planned order receipts…
A: Ans) Concept: 1) We need to order in multiples of 50, when there is Net Requirements or Gross…
Q: Provide the difference between Slack time and Cycle-time efficiency. There are how many ways to…
A: Difference between Slack time and Cycle-time efficiency Slack time Slack time is really a…
Q: How is Services Operations management different than Product Operations management? Explain with an…
A: Services Operations management Management of service operations focuses on satisfying the needs of…
Q: Managers use value chain analysis to examine the firm’s resources and capabilities in relation to…
A: A value chain is the complete progression of a process to create a product from beginning to end.…
Q: A careful analysis of the cost of operating an automobile was conducted by accounting manager Dia…
A: Solution Model y = 4000+0.20x Annual cost = y Miles drive = x Given that, x = 15000
Q: salary compared to putting up your own business with uncertainty of being successful.
A: Some people stereotype business owners as leaders and staff as followers. However, there are…
Q: You have a new job as a Financial Planning assistant. Your client wants to invest money in stocks,…
A: Yield% = Dividned Income Investment×100Dividend Income = Yield%×investment100 Let S be the total…
Q: What is factor of safety? Why is it called factor of ignorance? Explain briefly
A: The design impacts operations and evaluates the number of elements fabricating the item and states…
Q: Which of the following legal forms of business, (sole proprietorship, partnership, corporation),…
A: Note -Hi! Thank you for the question, As per the honour code, we are allowed to answer three…
Q: Consider an expensive part with a reliability of 96.6%. If the part fails, it will cost the firm…
A: Note: - As we can answer up to three subparts, we will first question and its subparts. If an answer…
Q: What connection between the functional units does ERP make?
A: Accounting, manufacturing, supply chain, sales, marketing, and also human resources are just a few…
Q: The following is given: $8.00/unit $4.00/unit $56,000 a) Based on the given information, the…
A: Break even point is calculate fixed cost divided by contribution margin Formula for Break even…
Q: c. Exponential smoothing with a = 0.25. Use 25 for week 2 forecast. (Round your Intermediate…
A: Forecasting is a technique used to predict future outcomes on the basis of past data. In businesses…
Q: equired: 1. Compute the cost formula for radiology services using the method of least squares. If…
A: y = bx + a Where b = SSxy/SSxx and a = y-bar - (b * x-bar) Calculations:
Q: What is the significance of controlling inventory expenditures effectively?Describe the economic…
A: Maintaining a consistent level of inventory investment is essential.The capacity of a business to…
Q: time-series trend equation is 25.3 + 21x. What is your forecast for period 7? Part 2 A. 172.3…
A: Ans) y = 25.3 + 21x Forecast for period x=7 : x = 7 , y = 25.3+21*7 = 25.3+147 = 172.3
Q: George Kyparisis owns a company that manufactures sailboats. Actual demand for George's sailboats…
A: Solution Season 1 2 3 4 Winter 1440 1280 1000 900 Spring 1520 1420 1640 1500 Summer 1000…
Q: a) Zed and Adrian run a small bicycle shop called "Z to A Bicycles". They must order bicycles for…
A: A cost payoff matrix is a tool used in operations management to evaluate the costs and benefits of a…
Q: 6. A dessert shop plans to purchase a new commercial ice cream maker to replace the old one. They…
A: Breakeven analysis is a tool which helps to identify the minimum required unit sales for covering…
Q: It takes 9 mins packaging time/unit for a packaging machine. The annual demand forecast is 50000…
A: Find the Given details below: Given details: Annual Demand 50000 Units Working hours 8 Hours…
Q: A firm is considering a product launch. It will do so if the expected total revenue is in excess of…
A: The expected value is the sum of all possible values weighted by their probability.
Q: A. A newspaper is bought for Rs. 5 from a shopkeeper and sold at Rs. 10. Any unsold newspaper for…
A: Find the Given details below: Given Details: Mean (Average Demand) 50 Newspapers Standard…
Q: MAD (Naive) MAD (Linear) MSE (Naive) MSE (Linear) provides forecasts with less average error and…
A: The total absolute differences between both the actual value as a whole and the forecast divided by…
Q: i. Draw a decision tree and advise which course of action generates the greatest expected profit.…
A: NOTE: We are allowed to do one question with its three sub-parts. Expected value is one of the most…
Q: The break-even quantity in units for the manual process = ______ bags (round your response to the…
A: Note: We are allowed to do first three sub-parts only. Break-even quantity= fixed cost/ (selling…
Q: The following is a table of activities associated with a project at Rafay Ishfaq's software firm in…
A: Given data is
Q: Describe 5 essential elements of JIT system.
A: Just-in-time is a system of inventory management in which supplies of labor, materials, and finished…
Q: hen is lean manufacturing used?
A: Lean manufacturing is a production ideology aiming to maximize output while reducing waste in all…
Q: Reasons for vinyl floor matting failing final quality inspection are shown in the table below.…
A: Given data:
Q: The following multiple-regression model was developed to predict job performance as measured by a…
A: Ans) y = 35 + 20x1 +50x2 In part a) Given Data: x2 = 3 x1 = 80 So, y = 35+20*80+50*3 =…
Q: As the ratio of the cost of overstocking to the cost of understocking gets smaller, the optimal…
A: Product availability refers to a retailer's capacity to fulfill client demand for a certain item.…
Q: The management of the Just Like Home Restaurant has asked you to analyze some of its processes. One…
A: The total chart for this process is given as follows: The chart has given all the pieces of…
Q: 2. A food factory makes three types of cereals, A, B and C, from a mix of several ingredients:…
A: Decision Variable: Suppose- xij≥0 be the no. of kg of ingredient i, (where i = Oates, Apricots,…
Step by step
Solved in 3 steps
- Use the following financial statements of Heifer Sports Inc. in Table 14.14 to find Heifer’s:a) Inventory turnover ratio in 2012.b) Debt/equity ratio in 2012.c) Cash flow from operating activities in 2012.d) Average collection period.e) Fixed-asset turnover ratio.f) Return on equity.Petal Providers Corporation, described in Problem 1, is interested in estimating its additional financing needs to support a rapid increase in sales next year. Last year revenues were $1 million, the net profit was $50,000, the investment in assets was $750,000, payables and accruals were $100,000, and equity at the end of the year was $450,000. The venture did not pay out any dividends and does not expect to pay dividends for the foreseeable future. A. What would be your estimate of the additional funds needed next year to support a 30 percent increase in sales? B. How would your answer in Part A change if the expected sales growth were only 15 percent?You have performed preliminary analytical procedureson one of your audit engagements and observed the following independent situations:1. The allowance for obsolete inventory increased from the prior year, but the allowance as a percentage of inventory decreased from the prior year.2. Long-term debt increased from the prior year, but total interest expense decreasedas a percentage of long-term debt.3. The dollar amount of operating income is consistent with the prior year althoughthe entity was more profitable on a net income basis.4. The quick ratio decreased from the prior year, although the amount of cash and netaccounts receivable is almost the same as the prior year.Below are possible explanations for each of the observed changes in the financial statementamounts and ratios. For each observed change, select the most likely explanation(s)from the list below. Note: There may be more than one explanation for a given observedchange, and an explanation can be used more than once.a.…
- Joel is the RM for the City Center Plaza hotel. He knows that under his franchise agreement, he pays an 8 percent franchise fee and 3 percent marketing fee on all revenue generated from room sales. Additional fees for using the hotel’s CRS are $2.00 per each room reserved. Internet service provider (IDS) related charges paid by the hotel for rooms sold through Internet sites including uberhothotels.com are $10.00 per room sold. Given this information, help Joel complete the revenue estimate worksheet presented below. Net ADR Yield Estimate Worksheet: City Center Plaza Distribution Channel Group rooms Third-party merchant Rooms sold 80 100 Standard rate $185 $160 Gross revenue Franchise fee (8%) Franchise marketing fee (3%) Franchisor's CRS fee ($2 per room) IDS fee Net total revenue Net ADR yieldThe profit margin of Nickelly Corporation was 17.3% in 2020 and 15.2% in 2021. Discuss what the profit margin measures and what changes, if any, you would recommend for the financial direction of the organizationro forma income statement. Given the income statement , for California Cement Company for 2013 and an expected sales growth rate of 6.67% for 2014, prepare a pro forma income statement for 2014. First, find the percentage of each income statement line from 2013 as a percent of sales. (Round to three decimal places.) California Cement Company Income Statement for 2013 Sales revenue $ 22,869,000 Cost of goods sold $ -11,637,000 Selling, general, and administrative expenses $ -3,993,000 Depreciation expenses $ -1,331,000 EBIT $ 5,908,000 Interest expense $ -175,000 Taxable income $ 5,733,000 Taxes $ -2,512,462 Net income $ 3,220,538 What is the sales forecast for 2014? (Round to the nearest dollar.) The pro forma income statement for 2014 is: (Round to the nearest dollar.) California Cement Company Pro Forma Income Statement for 2014 Sales revenue $ ? 100.00% Cost of goods sold $ ? 50.885 %…
- Tinsley Inc. is an industry-leading cardboard manufacturer. You have been asked to determine amarket value for the firm’s equity. The firm has 100,000 shares outstanding, earnings per share of$2.50 last year, and a stock price of $25. What is the market value?Suppose that Switch decide to extend the business operations to nutrition consulting whereby they offer consulting services with a focus on energy and performance enhancement. In addition, they provide nutrition plans that include nutrition plans that include recommendations for including Switch Energy drink into their diets. The business unit has been able to acquire many customers despite its recent entry into the market. However, management are concerned that they may lose customers, similar to their product line. Provide a report in which you recommend to management, how they could instil a service culture within this unit so as to avoid the loss of customers.Sage Hill Inc. had the following balance sheet at December 31, 2016. SAGE HILL INC.BALANCE SHEETDECEMBER 31, 2016 Cash $ 9,600 Accounts payable $ 14,500 Accounts receivable 14,000 Bonds payable 8,800 Investments 15,500 Common stock 36,900 Plant assets (net) 35,500 Retained earnings 32,300 Land 17,900 $ 92,500 $ 92,500 During 2017, the following occurred. 1. Net income was $ 23,700. 2. Depreciation expense was $ 8,100. 3. Sage Hill liquidated its investment portfolio (comprised of available-for-sale investments), realizing a $ 3,200 loss. 4. Sage Hill issued $ 20,800 of common stock at par. 5. Dividends of $ 8,200 were declared and paid to stockholders. 6. Accounts receivable and accounts payable at December 31, 2017 were $ 15,800 and $ 13,900, respectively. 7. Sage Hill obtained $ 8,200in plant assets in exchange for issuing bonds. 8. Sage Hill purchased additional plant assets for $…
- Chapman Inc. sells a single product, Zud, which has a budgeted selling price of $24 per unit and abudgeted variable cost of $12 per unit. Budgeted fixed costs for the year amount to $45,000. Actualsales volume for the year (47,000 units) fell 3,000 units short of budgeted sales volume. Actualfixed costs were $46,000. With everything else held constant, what impact did the shortfall in volume have on profitability for the year? (Round your answer to the nearest whole number; indicatewhether the effect was favorable or unfavorable in terms of its effect on operating income.)Accounting 2b. An analysis of Terbolt Corporation's operating income changes between 2021 and 2022 show the following: Operating income for 2021 $4,750,000 Add growth component 75,000 Add price-recovery component 398,000 Deduct productivity component (50,000) Operating income for 2022 $5,173,000 Required: Is Terbolt's operating income gain consistent with the product differentiation or cost leadership strategy? Explain briefly.May Clothing is a retail men’s clothing store. May’s variable cost is $20 per shirt and the sales price is$40 per shirt. May plans to sell 400,000 shirts for the year and, at this level, would generate a beforetax profit of $2,500,000. What is the degree of operating leverage (DOL) at this volume level?