Chapter 27, Problem 1R

Hirsch has been given 20 minutes at an upcoming meeting to pitch his idea for a process-improvement program to the rest of the Metropolis leadership team. What should he do before he gives the pitch? How should Hirsch organize this pitch and what information should he include?

Think about how Jamie Lee Jackson’s scenario of goal setting, which is the Continuing Case located in Connect, applies to your daily life. Write a 150-200-word summary discussing the following items. Note: You can go over the word count if so desired. For this assignment, create and submit the following two items: Three S.M.A.R.T. financial goals, (one each) for short, intermediate, and long-term goal financial goals. Make sure that your goals meet the S.M.A.R.T. guidelines. Using your intermediate or long-term goal and the time value of money (TVM) equation, calculate how your money will grow based on two different time horizons or interest rates. Respond to the following questions after completing the two items above: How does the length of time affect the growth of the account? What steps do you need to take to determine how much to set aside today for a goal in the future to meet your own personal financial goals? How does inflation affect the growth of money over time?

GeoWorld Systems uses a subset of the following questions during the interview process for new engineers. For each of the following cases, determine if “the project” or “do nothing” is preferred. The value of MARR in each case is 14%.

A marketing professor at Givens College is interested in the relationship between hours spent studying and total points earned in a course. Data collected on 156 students who took the course last semester are provided in the tile MktHrsPts. Develop a scatter chart for these data. What does the scatter chart indicate about the relationship between total points earned and hours spent studying? Develop an estimated regression equation showing how total points earned is related to hours spent studying. What is the estimated regression model? Test whether each of the regression parameters β0 and β1 is equal to zero at a 0.01 level of significance. What are the correct interpretations of the estimated regression parameters? Are these interpretations reasonable? How much of the variation in the sample values of total point earned does the model you estimated in part (b) explain? Mark Sweeney spent 95 hours studying. Use the regression model you estimated in part (b) to predict the total points Mark earned.

You have been asked by your manager to review three potential investment opportunities.  As part of your investigation, you are asked to provide calculated data for three different methods of comparison.  What three methods do you decide to use for your calculations?  Explain why you are choosing each of these methods.  (Explain your answer in a minimum of 3 complete sentences.)

Complete the following homework scenario:Compare the results of the three methods by quality of information for decision making. Using what you have learned about the three methods, identify the best project by the criteria of long term increase in value. (You do not need to do further research.) Convey your understanding of the Time Value of Money principles used or not used in the three methods. Review the video titled "NPV, IRR, MIRR for Mac and PC Excel" (located at and previously listed in Week 4) to help you understand the foundational concepts:Scenario Information:Assume that two gas stations are for sale with the following cash flows: CF1 is the Cash Flow in the first year, and CF2 is the Cash Flow in the second year. This is the timeline and data used in calculating the Payback Period, Net Present Value, and Internal Rate of Return. The calculations are done for you. Your task is to select the best project and explain your decision. The methods are presented and the decision…

Complete the following homework scenario:Compare the results of the three methods by quality of information for decision making. Using what you have learned about the three methods, identify the best project by the criteria of long term increase in value. (You do not need to do further research.) Convey your understanding of the Time Value of Money principles used or not used in the three methods. Review the video titled "NPV, IRR, MIRR for Mac and PC Excel" (located at and previously listed in Week 4) to help you understand the foundational concepts:Scenario Information:Assume that two gas stations are for sale with the following cash flows: CF1 is the Cash Flow in the first year, and CF2 is the Cash Flow in the second year. This is the timeline and data used in calculating the Payback Period, Net Present Value, and Internal Rate of Return. The calculations are done for you. Your task is to select the best project and explain your decision. The methods are presented and the decision…

Complete the following homework scenario:Compare the results of the three methods by quality of information for decision making. Using what you have learned about the three methods, identify the best project by the criteria of long term increase in value. (You do not need to do further research.) Convey your understanding of the Time Value of Money principles used or not used in the three methods. Review the video titled "NPV, IRR, MIRR for Mac and PC Excel" (located at and previously listed in Week 4) to help you understand the foundational concepts:Scenario Information:Assume that two gas stations are for sale with the following cash flows: CF1 is the Cash Flow in the first year, and CF2 is the Cash Flow in the second year. This is the timeline and data used in calculating the Payback Period, Net Present Value, and Internal Rate of Return. The calculations are done for you. Your task is to select the best project and explain your decision. The methods are presented and the decision…

Work the problem out by hand on a piece of paper so that you know what the answers should be. All dollar amounts (except EPS) should end in ",000" The schedule and statment in your output should compute mathematically from TOP to Bottom, so check and make sure that's the case Math Example: If A - B = C, then A - C = B and A = B + C   Prepare an output section that produces the following items: 1) "COGS Schedule", 2) "Income Statement", and 3) "Retained Earning Statement". The reporting period is for the calendar year of 2023. The output items should be placed on a separate 'sheet' (the heading "... OUTPUT SECTION ..." should be centered over all columns to which it relates: [A1..G1]). Naming of the output 'sheet' should be "OUTPUT". No number (dollar amount, shares, or percentage) or company name should be typed (hard coded) directly into any cell in the output section, as this would prevent your output from being correct when the input is changed. Instead, the output section must…