Problem 7-14 (Algo) AudioCables, Inc., is currently manufacturing an adapter that has a variable cost of $0.50 per unit and a selling price of $1.40 per unit. Fixed costs are $14,000. Current sales volume is 30,000 units. The firm can substantially improve the product quality by adding a new piece of equipment at an additional fixed cost of $6,000. Variable costs would increase to $0.60, but sales volume should jump to 50,000 units due to a higher-quality product. a. What is the current profit and proposed profit of the sales of AudioCables? (Negative amounts should be indicated by a minus sign.) Current profit Proposed profit b. Should Audio Cables buy the new equipment? No Yes O There is insufficient information provided to answer this question
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- Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What should Sharon do in this situation?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?Statement of the Problem and Solutions Rollin King and Herb Kelleher started Southwest Airlines in 1971 with this idea: if they could take airline passengers where they want to go, on time, at the lowest possible price, and have a good time while doing it, people would love to fly their airline. The result? No other airline in the industry's history has enjoyed the customer loyalty and extended profitability for which Southwest is now famous. The company now flies more than 3,400 times each day to over 64 destinations across the United States There's more to the story, however, than making promises and hoping to fulfill them. A large part of Southwest Airlines' success lies in its ability to plan long-term capacity to better match demand, as also improving the utilization of its fleet by turning around an aircraft at the gate faster than its competitors. Capacity at Southwest is measured in seat miles, and even a single minute reduction in aircraft turnaround time system wide means…
- Required information Problem 9-2 [The following information applies to the questions displayed below.] An air-conditioning repair department manager has compiled data on the primary reason for 41 service calls for the previous week, as shown in the table. JobNumber Problem/Customer Type JobNumber Problem/Customer Type JobNumber Problem/Customer Type 301 O/C 315 W/R 329 N/C 302 N/C 316 F/R 330 O/R 303 F/R 317 F/R 331 N/R 304 O/R 318 N/R 332 W/C 305 F/R 319 F/R 333 W/C 306 N/R 320 N/R 334 N/R 307 N/C 321 O/C 335 F/C 308 O/R 322 W/C 336 W/C 309 N/R 323 F/R 337 F/C 310 N/C 324 O/C 338 N/R 311 O/C 325 W/C 339 N/R 312 O/R 326 N/C 340 N/C 313 N/R 327 O/R 341 N/R 314 O/R 328 N/R Key: Problem type: Customer type: N = Noisy C = Commercial customer F = Equipment failure R = Residential customer W = Runs warm O = Odor Problem 9-2 Part a a. Using the data, prepare a check sheet for the problem…Problem 9-1 [The following information applies to the questions displayed below.] The following are the car repair shop data: Ticket No. Work Ticket No. Work Ticket No. Work 1 Brakes 11 Tires 21 Brakes 2 Lube & oil 12 Lube & oil 22 Tires 3 Tires 13 Lube & oil 23 Lube & oil 4 Lube & oil 14 Brakes 24 Brakes 5 Tires 15 Lube & oil 25 Battery 6 Transmission 16 Brakes 26 Tires 7 Tires 17 Lube & oil 27 Brakes 8 Brakes 18 Lube & oil 28 Tires 9 Battery 19 Battery 29 Lube & oil 10 Tires 20 Lube & oil 30 Lube & oil Problem 9-1 Part a a. Prepare a check sheet for the above car repair shop data: Work Type Frequency Lube & oil Tires Brakes Battery Transmission TotalFrom the following Is Walmart haveing a Medical and Mental Health Centers is a good idea why or why not? NEWNAN, Ga., Sept. 2, 2020 — Families in the Newnan area can now experience new ways to save money while living better – and healthier – lives through the new Walmart Health center. Opening today, Walmart Healthis located at 1025 Bullsboro Drive, Newnan, GA, adjacent to the Supercenter. This state-of-the-art facility provides quality, affordable and accessible healthcare for members of the Newnan community, so they can get the right care at the right time, right in their community. Walmart Health meets them where they live and shop. The new Walmart Health is partnering with several on-the-ground health providers to be a first-of-its-kind health center to deliver primary care, urgent care, labs, dental, hearing, counseling, x-ray and diagnostics services all in one facility at affordable, transparent pricing regardless of a patient’s insurance status. “As we expand across Georgia,…
- PROBLEM STATEMENT Based on studies that have been conducted, entry bookings for flight tickets sometimes deviate from what is booked by customers who want to board the plane to their desired destination. the existing system is not able to identify bookings made by customers properly. therefore, the existing system needs to be upgraded. Using a new flight ticket management system will be able to solve the problem. Secondly, the charge calculations performed still use the old method of calculation and take time to complete one calculation after another. With the new management system, the calculation and displayed total charges can be done automatically. Sometimes it is quite difficult for us to calculate the discounts given to customers who book flight tickets with large bookings. this will result in incorrectly giving the actual price to the customer and may result in losses. Moreover, with the new system, the amount of profit earned can be easily calculated. Lastly, daily…The employees who work in the construction department of BBC builders, made a complaint against the Site Engineer that he was not providing good quality helmets. Few casualties happened recently due to the low-quality helmets. Which of the following issues describes the given scenario? a. Employee safety b. Societal dilemma c. Customer confidence d. Conflict of interestSamantha’s Group of Companies is deciding if it should design an advertising system for use on its website. The first option is to skip out on designing, with no net costs or gains. The second option is System A, which would result in additional sales of either $25,000 under good conditions or -$15,000 under bad conditions. The final choice is System B, which would increase sales -$5,000 under both good and bad conditions. Note that it costs $25,000 to develop a system. Assume that good conditions are TWICE as likely as the bad conditions. (Hint: twice as likely means a ratio of 2:1). Outline the ultimate objective for the use of decision trees in product design. How is this objective accomplished? Draw the appropriate decision tree for the above problem.
- Complaints have come to the department manager regarding timeliness of requests for patient information and a decision must be made. Three months ago, Community Hospital opened a 24-hour urgent-care center 10 miles away in a rapidly growing community. Kent Jones, the health information services manager, took part in the planning that included the use of a combined record and one patient identification number. The decision was made to allow electronic sharing of patient records between the facilities; however, at present it is necessary to fax some portions of the record upon request. In the past month, Kent has received four complaints from the urgent care center that records were not faxed in a timely manner. There are 26 employees in health information services. Three full-time employees care for record activity during the day, with one employee devoted to record activity during the evening shift, when a team leader and four other employees are usually in the department. During the…Complaints have come to the department manager regarding timeliness of requests for patient information and a decision must be made. Three months ago, Community Hospital opened a 24-hour urgent-care center 10 miles away in a rapidly growing community. Kent Jones, the health information services manager, took part in the planning that included the use of a combined record and one patient identification number. The decision was made to allow electronic sharing of patient records between the facilities; however, at present it is necessary to fax some portions of the record upon request. In the past month, Kent has received four complaints from the urgent care center that records were not faxed in a timely manner. There are 26 employees in health information services. Three full-time employees care for record activity during the day, with one employee devoted to record activity during the evening shift, when a team leader and four other employees are usually in the department. During the…Problem #13: Balanced Scorecard a. List the four areas of a balanced scorecard. Describe each area clearly and concisely. b. Define a KPI c. Pick a real-world company and give an example of a KPI for each balanced scorecard area for that company.
