Jack Sharp, a recent CSUDH graduate, seeks an entrepreneurial career. He started a consulting firm that helps small retail establishments and professional offices install microcomputer-based record keeping. Realizing that the only resources he has to sell are his expertise and workaholic tendencies, Jack plans on working about 240 hours per month. He has grouped his clients into three types: small retail outlets (such as shopping mall specialty stores), single-principal professional offices, and partnership professional offices. Jack estimates that time requirements for those clients will average 20, 30, and 35 hours, respectively. Much telephone work and knocking on doors has resulted in a tentative client list of the next six months. Jack wants to match customer demand with available capacity (his time) and develop a trial schedule. The demand for each job tpe is as follows: Demand Customers/Month (Month) 5 Time Client Type Required (hours) 1 3 4 6 Retail Store 20 4 1 6. 3 4 2 Single Professional Multipartner Professional 30 2 4 1 1 3 35 3 1 1 4 1 5 Set up a trial schedule.
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- Kara wants to open a retailing outlet in her town. Her family has been in the business of selling hardware items before. She wants to take this business forward by opening a store that caters to the hardware supplies industry. What kind of retail outlet will Kara most likely open? A. discount retailer B. supermarket C. department store D. specialty retailer E. convenience store Chan handles the distribution network for a company that creates custom-made software for companies. He requires constant feedback about customer needs so he can use this information to upgrade his software. What kind of distribution channel should Chan incorporate in order to do justice to the company’s overall service? A. only deal with wholesalers B. involve many intermediaries C. create a long distribution channel D. create a horizontal distribution channel E. create a short distribution channelThis section contains questions regarding the 2nd part of the Unit 1 with the following topics: 1. Financial Planning2. Savings and budgeting3. Investing 1.Mutual Fund is when an investor directly acquires a claim on a security or property True False 2. The "Rule of 75" is used to determine the number of yearss needed to double the value of your money * True FalseAssume “Jane” saves $10,000 per year for 10 years starting at age 25. At age 35 she no longer is able to save but leaves her accumulated savings invested until age 65 when she retires. Assume “John” does not begin saving until age 35, but then saves $10,000 per year until age 65 when he also retires. Assume John and Jane invest their entire wealth in the same mutual fund. Who accumulates a larger retirement nest egg? 1. Answer this question by building an Excel spreadsheet that allows you to show the difference in wealth at age 65 assuming an annual rate of return of 8%. Make sure your model allows you to change the assumed rate of return and automatically recalculate the difference in wealth at age 65. 2. At what assumed rate of return are John and Jane’s wealth at age 65 equal? Use “Goal Seek” in order to find this rate of return. 3. Create a graph to clearly show how final wealth for John and Jane depends on the rate of return. Start at 0% and increase the rate of return in…
- Calvin Butterball is chief of operations for the Fly-by-Night Aircraft Corp. He is responsible for the manufacturing of the company's two models of planes: The parrot and the eagle. Each department of the company has restrictions concerning the number of planes, which can be manufactures each day. No more than 7 eagles and no more than 11 parrots can be manufactured per day. No more than 12 total planes total can be shipped per day. The number of eagles manufactures must be no more than twice the number of parrots manufactured each day. You much use more than 1000 hours of labor per day; it takes 100 man-hours to manufacture each parrot and 200 man-hours to manufacture each eagle. Fly-by-Night makes a profit of $300 per parrot and $200 per eagle. How many eagles and how many parrots should e produced per day to give the greatest feasible profit and to determine the profit?Linear programming has many benefits for everyday life, including solving optimization problems in industry, banking, education, and other problems that can be expressed in linear form. For example, in business the benefits of learning linear programming are determining the minimum value in terms of determining costs while the maximum value in terms of determining profits. Do the investment problem below on a piece of paper or in Ms.Word. Then uploaded on this forum. FullyCharge company considers four types of investment. Capital available for investment is $14,000. NPV of the following investments: Pilihan Investasi 1 2 3 4 fund $5,000 $7,000 $4,000 $3,000 NPV $16,000 $22,000 $12,000 $8,000 FullyCharge Company considers the following “logical” limits: § Choose only 3 investments § If the 2nd investment is selected, then the 1st investment is selected § If the 1st investment is selected, then the 3rd investment is not selected § One of the…As a toy builder you enjoy making toys for both fun and profit. For your latest production batch, you need to decide how many of each toy to make. The four types of toys you make are airplanes, helicopters, bus, and cars. To build an airplane you need 3 blue blocks, 2 green rods, and 1 red wheel. To build a helicopter you need 2 blue blocks, 4 green rods, and 1 red wheel. To build a bus you need 1 blue blocks, 3 green rods, and 4 red wheel. To build a car you need 1 blue block, 2 green rods, and 4 red wheels. Your profit margins for each toy are as follows: Airplane P7, Helicopter P8, Bus P6, Car P5. The parts available to you are as follows: 30 blue blocks, 44 green rods, and 50 red wheels. It is ok to have leftover parts. Question: What is the maximum profit you can achieve?
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