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- B. The owner of a small hardware store has noted a sales pattern that seems to parallel the number of break-inns reported each week in newspaper. The 08 02 05 Sales: 50 22 24 18 35 42 13 Break-inns: 9 04 04 06 08 03 7 Estimate sales when break-inns is 7Quantitative Methods 1.The minimum expected opportunity loss ____________________. a.) is equal to the highest expected payoff. b.) is greater than the expected value with perfect information. c.) is equal to the expected value of perfect information. d.) is computed when finding the minimax regret decision. 2.) A decision tree is preferable to a decision table when_________________________. a.) a number of sequential decisions are to be made. b.) probabilities are available. c.) the maximax criterion is used. d.) the objective is to maximize regret. 3.In decision theory, probabilities are associated with _____________________. a.) payoffs. b.) alternatives. c.) states of nature. d.) none of the above.Assume a company reported the following resuts Bales 5400,000 variable expenses Contribution margin rixed expenses 260,000 140,000 40,000 $100,000 Net operating income $775,000 Average operating assets The turnover is closest to: Multiple Cholce 0.3 0.2 0.5
- A method of estimating future demand usedfor decision making in order to set reasonable targets and control orlimit uncertainties or risks.According to a survey by Accountemps, 48% of executives believe that employees are most productive on Tuesdays. Suppose 220 executives are randomly surveyed. Appendix A Statistical Tables a. What is the probability that fewer than 99 of the executives believe employees are most productive on Tuesdays?b. What is the probability that more than 110 of the executives believe employees are most productive on Tuesdays?c. What is the probability that more than 88 of the executives believe employees are most productive on Tuesdays?Determine which factor of production is needed in the following problem. 1.The ABM manufacturing Co.hired a gardener.He uses a lawn mower for landscaping.Which factor of production would you consider this machine? 2.The owner of the company withdrew cash for the salaries of thw employees.which factor of production would you consider cash on hand? 3.The top manager of the firm said "the great ideas,consepts and emotional determination of a person to produce something that consumers want to buy" is very important for the company.What factor of production describes the ability to create great ideas? 4.The farmers planted pineapple cutting in the vacant area located in their locality.Which factor of production would you consider a pineapple plantation?
- The following data are pulled from a recent HealthPlus Manufacturing Co. annual report. ASSETS (in $1,000) Raw material inventory $15 Work-in-process inventory $5 Finished goods inventory $30 Property, plant & equipment $50 Other assets $100 Total assets $200 Condensed Income Statement (in $1,000) Revenue $500 Cost of goods sold $100 Other expenses $100 Net income $300 What is the % of assets tied to inventory? а. 75% O b. 50% С. 25% O d. 33.3%t sales 1 324 2 245 3256 4 567 5 346 6 357 7 357 8 257 9 1678 What is the predicted future sales for time period 13?Which would result in a positive budget forecasting error? 1. Overlooking a source of investment income II. Not taking into account an expense paid once а year II. Switching to a less costly gym v. Underestimating annual car expenses V. Overestimating expected capital gains
- Pa-4 Odniba Company classllas Hs -liventory- into throo 'groups for control purposes. The . Tollowing data was provldod for'ho:most roconl fiscal ysaf: Unit Cost Total Cosi. P 40,000 72,000. :24,000 .48;000 120,000. 96,000 P400,000 Gröup llom Unils P.8.00 5,000 4,800 4;000 3,000 2,000 1,200 .. 20,000 301. : : 15.00. 6.00 16,00 60.00 80.00- B . 201.- 302 202 . 101 102 Kequired: Using the ABC syslem, detormine. which of the three groups:deserves 'more attention'over the othor. Provido yaur. explanațion. CS Scanned with CamScannerA summary of total charges from a small café’s natural gas bills is provided below: Month kJ Cost October 14 $187 November 17 187 December 30 230 January 35 264 February 33 270 March 20 200 Using regression analysis, the expected cost at 40 kJ would be Question 5Answer a. $296 b. $285 c. $102 d. $162ole x prio.com/secured#lockdown G.. O Facebook O Instagram O YouTube O 69 A Dashboard abled: Chapter 4 The Art of Model... A Saved Help Save & Exit Sub An analyst has started preparing a spreadsheet as shown below. Column A contains the headings for various parameters and Column B contains the analyst's range names to be used in Excel. A 1 Price per Unit 2 Cost per Unit 3 Profit per Unit Price_Per_Unit Cost per Unit Profit$_per_Unit 4 5 Fixed Costs 6 Variable Costs Fixed_Costs_$ VariableCosts$ Label each of the following range names as "Correct" if is a valid range name in Excel or "Incorrect" if the range name is not valid for use in Excel. Proposed Range Name Price Per_Unit Cost per_Unit Profit$_per_Unit Fixed Costs_$ VariableCosts$ F10 FS % & 7 3 23 5 E R D F G S B N