Using MINIMAX REGRET Criterion, what will be your decision? and If the coefficeint of optimism is 0.6, what will be your decision using the Hurwicz criterion?
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Using MINIMAX REGRET Criterion, what will be your decision? and If the coefficeint of optimism is 0.6, what will be your decision using the Hurwicz criterion?
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- A Las Vegas supermarket bakery must decide how many wedding cakes to prepare for the upcoming weekend. Cakes cost $33 each to make, and they sell for $60 each. Unsold cakes are reducedto half-price on Monday, and typically one-third of those are sold. Any that remain are donated toa nearby senior center. Analysis of recent demand resulted in the following table:Demand 0 1 2 3Probability .15 .35 .30 .20How many cakes should be prepared to maximize expected profit?a. Use the ratio method.b. Use the tabular methodWhich of the following changes in cost-volume-profit factors will reduce the break-even point? Group of answer choices a. A decrease in total fixed cost d. An increase in total fixed cost b. A decrease in selling price c. An increase in unit variable cost In a contribution income statement Group of answer choices a. Costs are classified as to function b. Fixed and variable manufacturing costs are combined as one level item d. Fixed manufacturing costs are shown separately from variable manufacturing costs, but fixed and variable operating costs are combined as one line item c. Fixed costs are shown separately from variable costan Shields Communications, Inc., a cellular communications provider based in Michigan, charges $86 per month for an all you can talk service plan. The company plans to increase marketing expenditure next year, but wants to determine the current CLV before making this decision. Variable costs before marketing are $28 per account per month and monthly retention expenditures are $12 per account. Ian Shields Communication's annual attrition rate is 17%, with an annual discount rate of 15%.
- Prior to opening his branch in Fourways, Conrad made a decision to conduct further research intopotential suppliers for his new business venture. He downloaded the integrated annual report forAstral Foods to conduct his research. The link for the integrated annual report can be found using thefollowing link:https://www.astralfoods.com/assets/Documents/Investor%20Centre/2022/Integrated%20Report%20for%20the%20year%20ended%2030%20September%202022.pdf. Q3.2 Discuss the viewpoint you believe Chicky Fillet should adopt towards stakeholders.Discuss the various stakeholders, their possible interests, and the proposed businessapproach towards honouring their interests.Dr. Jones recently asked Lucy to develop a fee schedule for the office. Some physician practices bill at rates from 100% to 500% of Medicare. However, both percentages have disadvantages. Lucy must determine the best approach for the practice to ensure profitability. Select an appropriate percent, between 100% to 500%, that Lucy should use when setting the in-office fees. Explain why Lucy should choose this percentage. Explain how the conversion factor for the fee schedule is determined. Discuss two disadvantages of setting the office fee schedule at 100% or 500% of Medicare.Leah Johnson, director of Urgent Care of Brookline, wants to increase capacity to provide low-cost flu shots but must decide whether to do so by hiring another full-time nurse or by using part-time nurses. The table below shows the expected costs of the two options for three possible demand levels: States of Nature (demand) Alternatives Low Medium High Hire full−time $320 $480 $700 Hire part−time $0 $340 $800 Probabilities 0.20 0.55 0.25 Part 2 a) The alternative with the least expected cost is ▼ a. Hire full-time b. Hire part-time The expected price of this alternative is $_______ (enter your answer as a whole number). Part 4 b) The appropriate decision tree for Leah Johnson is presented in Figure____?
- Well water inc. wants to produce and sell a new flavored water in order topenetrate the market, the product will have to sell at 2.60 per 12 oz bottle thefollowing data has been collected: Annual sales 50,000 bottlesProjected selling and administrative costs 8,000Desired profit 80,000The target cost per bottle is _____ per bottle (2 decimal places)John Ozment, director of special projects and analysis for Ozment’s Corporation, is responsible for preparing corporate financial analyses and monthly statements and reviewing and presenting the economic impacts of proposed strategies to upper management. Data for such financial analyses are obtained from operations and financial databases through direct queries of Ozment’s department staff. Reports and charts for presentations are then prepared by hand and typed. Multiple copies are prepared and distributed to various users. The pressure on Ozment’s group has intensified as demand for more and more current information increases. A solution to this reporting problem must be found.The systems department wants to develop a proprietary software package to produce the reports automatically. The project would require the company to make a considerable programming investment. Ozment is concerned about the accuracy, completeness, and currency of data isautomatically produced reports. He has…BicycleBro is a retailer that sells bicycles. The company had been operating for 30 days (1 month). By the end of 1 month it wants to measure its performance in terms of Inventory turnover and Days of inventory. Below is the information that the company has collected from its warehouse and accounting department Stock Count Sheet Item code Stock on hand Stock count week (week number when employees counted the stock on hand) 100 30 week1 200 10 week1 100 10 week3 200 20 week3 Inventory valuation Item code Value per unit (in $) 100 1000 200 2000 Bicycles sold by end of month Item code Units sold 100 5 200 10 Given the information above find What is the total inventory turnover rate for given period? What is the total Inventory Days of Sales for given period?
- Prior to opening his branch in Fourways, Conrad made a decision to conduct further research intopotential suppliers for his new business venture. He downloaded the integrated annual report forAstral Foods to conduct his research. The link for the integrated annual report can be found using thefollowing link:https://www.astralfoods.com/assets/Documents/Investor%20Centre/2022/Integrated%20Report%20for%20the%20year%20ended%2030%20September%202022.pdf. Q.3.1 Considering Astral Ltd Group’s annual report, discuss your opinion regarding theadequacy of their adoption of the stakeholder theory. Consider the theory, thestakeholders mentioned, and the application thereof throughout the report.A landscaping company want to plan for the number of employees it needs to hire for upcoming year. In order to do planning it is good to know the demand for landscape for the previous years. The following table shows the demand for landscaping from 2019 to 2020. Help the company to forecast the demand for 2021. Period Demand Winter 2019 23 Spring 2019 1000 Summer 2019 1300 Fall 2019 200 Winter 2020 34 Spring 2020 1050 Summer 2020 1340 Fall 2020 330 show workAnnie bought one dozen smartphones for P200,000.00 with a discount of 5%. She sold half dozen at a price of P18,000 00 per unit. However, a new model of smartphone became available in the market, so she sold the remaining half dozen @ P12,000.00 each unit. What was her profit or loss? Compute the following requirements: a. Gross Profit Rate b. Operating profit margin rate c. Net profit margin rate d. Return on Investment Following Questions: 1. Is creativity present in the operation of ordinary small business along the streets and highways and in your neighborhood? Why do you say so? 2. Will you consider the daily business practices of the small owner within the concept of entrepreneurship? Why?