Combat Fire, Inc. manufactures steel cylinders and nozzles for two models of fire extinguishers: (1) a home fire extinguisher and (2) a commercial fire extinguisher. The home model is a high-volume (54,000 units), half-gallon cylinder that holds 2 1/2 pounds of multi-purpose dry chemical at 480 PSI. The commercial model is a low-volume (10,200 units), two-gallon cylinder that holds 10 pounds of multi-purpose dry chemical at 390 PSI. Both products require 1.5 hours of direct labor for completion. Therefore, total annual direct labor hours are 96,300 or [1.5 hours × (54,000 + 10,200)]. Expected annual manufacturing overhead is $1,570,706. Thus, the predetermined overhead rate is $16.31 or ($1,570,706 ÷ 96,300) per direct labor hour. The direct materials cost per unit is $18.50 for the home model and $26.50 for the commercial model. The direct labor cost is $19 per unit for both the home and the commercial models.
The company’s managers identified six activity cost pools and related cost drivers and accumulated overhead by cost pool as follows.
Expected Use of
Drivers by Product
Activity Cost Estimated Expected Use of
Cost Pools Drivers Overhead Cost Drivers Home Commercial
Receiving Pounds $87,100 335,000 215,000 120,000
Forming Machine hours 157,500 35,000 27,000 8,000
Assembling Number of parts 390,600 217,000 165,000 52,000
Testing Number of tests 61,200 25,500 15,500 10,000
Painting Gallons 36,806 5,258 3,680 1,578
Packing and Pounds 837,500 335,000 215,000 120,000
shipping
$1,570,706
1.) Under traditional product costing, compute the total unit cost of each product. (Round answers to 2 decimal places, e.g. 12.25.)
2.) Under ABC, complete the schedule showing the computations of the activity-based overhead rates (per cost driver). (Round your answers to 2 decimal places, e.g. 2.25.)
3.) Complete the schedule assigning each activity's overhead cost pool to each product based on the use of cost drivers. (Use rates from part b above and round cost assigned to 0 decimal places, e.g. 12,250. Round overhead per unit to 2 decimal places, e.g. 2.25. Note that due to rounding your total cost assigned will be slightly different than calculated above.)
Cost Driver Home Model
Commercial Model
Cost Assigned
4.) Compute the total cost per unit for each product under ABC. (Round your answers to 2 decimal places, e.g. 12.25.)
Home Model $
Commercial Model $
5.)Classify each of the activities as a value-added activity or a non-value-added activity.
Activity
Receiving value-addednon-value-added
Forming non-value-addedvalue-added
Assembling value-addednon-value-added
Testing value-addednon-value-added
Painting non-value-addedvalue-added
Packing and shipping value-addednon-value-added

Answers

Answer 1

Answer:

Combat Fire, Inc.

1) Computation of the total unit cost of each product:

                                            Home         Commercial   Total

Direct materials cost      $999,000        $270,300      $1,269,300

Direct labor cost             1,539,000          290,700         1,829,700

Overhead cost                  1,321,110          249,543         1,570,653

Total costs                    $3,859,110         $810,543      $4,669,653

Unit cost                          $71.47               $79.47  

2)  Computations of the activity-based overhead rates:

Activity                          Rates  

Receiving                     $0.26 ($87,100/335,000)

Forming                       $4.50  ($157,500/35,000)

Assembling                  $1.80  ($390,600/217,000)

Testing                        $2.40  ($61,200/25,500)

Painting                       $7.00  ($36,806/5,258)

Packing & Shipping    $2.50  ($837,500/335,000)

3) Schedule Assigning Overhead Cost based on activity:

Activity                          Rates          Home     Commercial

Receiving                     $0.26       $55,900       $31,200

Forming                       $4.50         121,500         36,000

Assembling                  $1.80       297,000         93,600

Testing                        $2.40         37,200         24,000

Painting                       $7.00         25,760           11,046

Packing & Shipping    $2.50      537,500       300,000

Total overhead                       $1,074,860       495,846

4) Computation of the total cost per unit under ABC:

                                            Home         Commercial   Total

Direct materials cost      $999,000        $270,300      $1,269,300

Direct labor cost             1,539,000          290,700         1,829,700

Overhead cost                1,074,860          495,846         1,570,706

Total costs                    $3,612,860     $1,056,846      $4,669,706

Unit cost                          $66.90              $103.61

5. Classification of activities as a value-added or non-value-added activities:

Activity

Receiving non-value-added

Forming  value-added

Assembling value-added

Testing non-value-added

Painting value-added

Packing and shipping non-value-added

Explanation:

Total annual direct labor hours = 96,300

                                       Fire Extinguishers

                                  Home         Commercial   Total

Units (volume)          54,000         10,200

Direct labor hours     81,000          15,300        96,300

Manufacturing overhead = $1,570,706

Predetermined overhead rate = $16.31 ($1,570,706/96,300)

Direct materials cost $18.50         $26.50

Direct labor costs      $19              $19

Cost Pools   Drivers        Overhead Cost    Drivers     Home    Commercial

Receiving     Pounds                $87,100     335,000    215,000     120,000

Forming       Machine hours   157,500        35,000      27,000        8,000

Assembling Number (parts)  390,600       217,000    165,000      52,000

Testing        Number of tests   61,200        25,500      15,500       10,000

Painting       Gallons                 36,806          5,258        3,680          1,578

Packing &    Pounds              837,500      335,000    215,000     120,000

shipping

                                         $1,570,706

Activity                          Rates          Home     Commercial

Receiving                     $0.26       $55,900       $31,200

Forming                       $4.50         121,500         36,000

Assembling                  $1.80       297,000         93,600

Testing                        $2.40         37,200         24,000

Painting                       $7.00         25,760           11,046

Packing & Shipping    $2.50      537,500       300,000

Total overhead                       $1,074,860       495,846

                                  Home         Commercial   Total

Units (volume)          54,000         10,200

Direct labor hours     81,000          15,300        96,300

Direct materials        $18.50         $26.50

Direct labor costs      $19              $19

Traditional (Predetermined Overhead Rate):

                                            Home         Commercial   Total

Direct materials cost      $999,000        $270,300      $1,269,300

Direct labor cost             1,539,000          290,700         1,829,700

Overhead cost                  1,321,110          249,543         1,570,653

Total costs                    $3,859,110         $810,543      $4,669,653

Unit cost                          $71.47               $79.47    

ABC:

                                            Home         Commercial   Total

Direct materials cost      $999,000        $270,300      $1,269,300

Direct labor cost             1,539,000          290,700         1,829,700

Overhead cost                1,074,860          495,846         1,570,706

Total costs                    $3,612,860     $1,056,846      $4,669,706

Unit cost                          $66.90              $103.61


Related Questions

when paid during the tax year, which of the following may be deductible on Schedule A

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Answer:

Deductions for state and local sales tax (SALT), income, and property taxes can be itemized on Schedule A.

Explanation:

For most consumers, term life insurance is considered to be the:
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For most consumers, the term life insurance is considered to be worst option.

What is a term life insurance?

A sort of death benefit that pays the policyholder's heirs over a predetermined length of time is term life insurance, commonly referred to as pure life insurance. The owner of the term life insurance policy has three options after the term has ended: renewing it for a new term, changing it to permanent protection, or letting the policy lapse. The premium for term life insurance is established by the insurance provider based on the value of the policy (the payout amount), as well as your age, gender, and general health. A medical examination could be necessary in several situations. Your driving history, current medications, whether you smoke, your work, your hobbies, and your family history may all be requested by the insurance provider.

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Because supply curves slope upward, this supports the law of supply that as prices __________, more goods will be supplied.

Answers

Answer: increase

Explanation:

The supply curves slope upward due to the fact that there's a direct relationship between the price of the good and the quantity that's supplied.

This means that when price increase let's say the price of a good moves from $5 to $7, the suppliers will supply more due to the price increase.

There is an inverse relationship between followers and engagement -- surprisingly, the more followers, the LESS engagement with posts. Why do you think non-celebrities are able to influence buying behavior?

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This is because the followers are aware of the celebrity and their motivations, thus their purchasing decisions aren't as affected by consumer behaviour.

What is consumer behaviour?

The activities and choices that consumers make when using or purchasing things are referred to as consumer behaviour in marketing. Consumer behaviour towards a product encompasses all aspects, from the original choice to acquire it through how they use it and whether they decide to make additional purchases of it in the future or not. Consumer behaviour can be divided into four categories: routine purchases, variety-seeking purchases, purchases made to avoid dissonance, and sophisticated purchases. The sort of goods a consumer needs, their level of involvement, and the variations between companies all influence the forms of consumer behaviour they exhibit.

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what is the break even point?

Answers

Explanation & Answer:

To put it in simple terms, the break even point is the point at which total cost and total revenue are equivalent.

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Answer: On god

Explanation:

Industry standards suggest that 7% of new vehicles require warranty service within the first year. Jones Nissan in Sumter, South Carolina, sold 9 Nissans yesterday. (Round your mean answer to 2 decimal places and the other answers to 4 decimal places.)

a. What is the probability that none of these vehicles requires warranty service?

b. What is the probability exactly one of these vehicles requires warranty service?

c. Determine the probability that exactly two of these vehicles require warranty service.

d. Compute the mean and standard deviation of this probability distribution.

Answers

The standard deviation is 0.749 and the probability distribution's mean is 0.63.

What is Standard Deviation?

A set of data values' variation or dispersion from their mean (average) is measured by their standard deviation. It tells how far apart the individual data points are from the data set's mean value. To put it another way, it is a measure of how different the data are from the mean. A standard deviation that is smaller indicates that the data points are closer to the mean, while a standard deviation that is larger indicates that the data points are further from the mean. It is calculated by taking the square root of the variance, and it is frequently used in statistical analysis.

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Dowling Sportswear is considering building a new factory to produce aluminum baseball bats. This project would require an initial cash outlay of ​$5,500,000 and would generate annual net cash inflows of ​$1,100,000 per year for 7 years. Calculate the​ project's NPV using a discount rate of 8 percent.

Answers

The NPV of the project is $$2,27,007.0651, which means that the project will generate a net present value of $$2,27,007.0651 for the company if a discount rate of 8 percent is used. This means that the project will provide a positive return on investment and is a viable option for the company to pursue.

What is the​ project's NPV?

Generally, To calculate the project's NPV using a discount rate of 8 percent, we need to use the following formula:

NPV = (Net Cash Inflows / (1 + r)^t) - Initial Cash Outlay

Where:

Net Cash Inflows = $1,100,000 per year for 7 yearsInitial Cash Outlay = $5,500,000 r = 8% (discount rate) t = 7 (number of years)

We can calculate the NPV as follows:

NPV = ($1,100,000 / (1 + 0.08)^1) + ($1,100,000 / (1 + 0.08)^2) + ($1,100,000 / (1 + 0.08)^3) + ... + ($1,100,000 / (1 + 0.08)^7) - $5,500,000

NPV = $2,27,007.0651

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Which of the following describes the value of a product?
- the amount of money that consumers are willing to pay for the product
- the time and materials that it costs a manufacturer to make the product
- the difference between the cost of making the product and what consumers pay for the product
- the sum of the total cost of making the product and what consumers pay for the product​

Answers

Answer:

- the amount of money that consumers are willing to pay for the product

Explanation:

A product's value can be described as the satisfaction it gives to consumers. A product's value is the benefit it generates to the final consumer. Customers are always willing to pay more for a product that offers higher benefits.  The demand for goods and services that offer less satisfaction to customers is always low, which makes them have low market prices.

The value of a product can be expressed as the amount of money that customers are willing to pay to obtain it.

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You are headed off to college. Some close family members decide it would be a good idea to buy a house in the college town and then rent it out to students, with you also living there and actively managing it. Assuming you and your family buy it, what form of business would you select? and why?

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The ideal type of business would be the sole proprietorship, as it is a structure that is easy to start and manage.

What is the sole proprietorship?

It is a simpler business structure, which is managed by an individual, who has the responsibilities for the business, that is, in this configuration there is no legal distinction between the company and the owner.

Therefore, the sole proprietorship is less bureaucratic, being able to close the business at any time, or change type as the business grows and requires greater responsibility.

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QUESTION TWO HEEKS Associates Co. Ltd is considering investing in one of two proposed short-term portfolios of four short-term financial investments. The correlation between the returns of the individual investments is believed to be negligible in both options proposed. The market return is estimated to be 15%, and the risk-free rate 5%. Portfolio 1 Investment A B C D Portfolio 2 Investment A B C D Amounts invested (TZS) 10,000,000 40,000,000 30,000,000 20,000,000 Amounts invested (TZS) 20,000,000 40,000,000 20,000,000 20,000,000 Expected Total return risk 20% 8 22% 24% 26% Expected return 18% 20% 22% 16% 10 11 9 Total risk 7 9 12 13 Beta 0.7 1.2 1.3 1.4 Beta 0.8 1.1 1.2 1.4 Required: a) Calculate the risk and return of the two portfolios using the principles of both portfolio theory and the CAPM. b) Which portfolio appears to be more efficient?​

Answers

Portfolio 1: Expected Return 1: 19.6% , Total Risk (σ1): 5.5%

CAPM Expected Return 1: 51%, CAPM Total Risk (σ1): 49.5

Portfolio 2: Expected Return 2: 19.2%, Total Risk (σ2): 4.7%

   CAPM Expected Return (E(R2)): 50%, CAPM Total Risk (σ2): 48.1

a) Portfolio Risk and Return Calculation:

Using Portfolio Theory:

For Portfolio 1: Expected Return 1 = (Weight A * Return A) + (Weight B * Return B) + (Weight C * Return C) + (Weight D * Return D) Expected Return (E(R1)) = (0.1 * 18%) + (0.4 * 20%) + (0.3 * 22%) + (0.2 * 16%)

= 1.8% + 8% + 6.6% + 3.2%

Expected Return 1 = 19.6%

Total Risk (σ1) = √[(Weight A^2 * Risk A^2) + (Weight B^2 * Risk B^2) + (Weight C^2 * Risk C^2) + (Weight D^2 * Risk D^2)] Total Risk (σ1) = √[(0.1^2 * 7^2) + (0.4^2 * 9^2) + (0.3^2 * 12^2) + (0.2^2 * 13^2)]

= √[0.49 + 12.96 + 10.08 + 6.76] Total Risk (σ1) = √30.29

Total Risk (σ1) = 5.5%

For Portfolio 2: Expected Return 2 = (0.2 * 18%) + (0.4 * 20%) + (0.2 * 22%) + (0.2 * 16%)

= 3.6% + 8% + 4.4% + 3.2%

Expected Return 2 = 19.2%

Total Risk (σ2) = √[(0.2^2 * 7^2) + (0.4^2 * 9^2) + (0.2^2 * 12^2) + (0.2^2 * 13^2)]

= √[0.98 + 12.96 + 2.88 + 5.32]  = √22.14

Total Risk (σ2) = 4.7%

Using CAPM:

For Portfolio 1: Expected Return 1 = Risk-Free Rate + (Beta A * Market Risk Premium) + (Beta B * Market Risk Premium) + (Beta C * Market Risk Premium) + (Beta D * Market Risk Premium) Expected Return (E(R1))

= 5% + (0.7 * (15% - 5%)) + (1.2 * (15% - 5%)) + (1.3 * (15% - 5%)) + (1.4 * (15% - 5%))

= 5% + (0.7 * 10%) + (1.2 * 10%) + (1.3 * 10%) + (1.4 * 10%)

= 5% + 7% + 12% + 13% + 14%

Expected Return 1 = 51%

Total Risk (σ1) = Beta-Weighted Standard Deviation = (Beta A * Risk A) + (Beta B * Risk B) + (Beta C * Risk C) + (Beta D * Risk D)

= (0.7 * 7) + (1.2 * 9) + (1.3 * 12) + (1.4 * 13)

= 4.9 + 10.8 + 15.6 + 18.2

Total Risk (σ1) = 49.5

For Portfolio 2: Expected Return 2 = 5% + (0.8 * (15% - 5%)) + (1.1 * (15% - 5%)) + (1.2 * (15% - 5%)) + (1.4 * (15% - 5%))  

= 5% + (0.8 * 10%) + (1.1 * 10%) + (1.2 * 10%) + (1.4 * 10%)

= 5% + 8% + 11% + 12% + 14%

Expected Return 2 = 50%

Total Risk (σ2) = (0.8 * 7) + (1.1 * 9) + (1.2 * 12) + (1.4 * 13)

= 5.6 + 9.9 + 14.4 + 18.2

Total Risk (σ2) = 48.1

Based on these metrics, Portfolio 2 appears to be more efficient since it has a slightly lower total risk while still offering a high expected return.

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Mark wants to add a splash of color to his suit with a new pocket square. He finds that the blue and the teal pocket squares match his suit well.
He flips his business card to decide on a color. To see if the card is a fair model, he flips the card 50 times and records the results in the table.
Which statement is true based on the results in the table?
O A. The two outcomes are equally likely because their relative frequencies are similar.
OB. The two outcomes are not equally likely because 38 is not a multiple of 12.
C. The two outcomes are equally likely because the relative frequency of the card landing faceup is higher than the relative
frequency of the card landing facedown.
OD
The two outcomes are not equally likely because their relative frequencies are significantly different.
Reset
Next

Answers

Answer:

d

Explanation:

Answer: I believe it is D tell me if im wrong

What should you do when you open a checking account?
A) Open a savings account and link it to your checking account.
B)Try to sign up for true overdraft protection, even though you have to pay
for it.C. Both A and B.

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Answer: both a and b

Explanation:

Please answer in one minute will mark BRAINLIST

Please answer in one minute will mark BRAINLIST

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Answer:

it's b reckless. ... ...

Answer:

b

Explanation:

reckless

The effective management of diversity can enhance the social responsibility goals of an organization. Other areas where sound management of diverse workforces can improve the effectiveness of an organization and its competitive advantages include all but one of the following?

a. Problem creation
b. Organizational flexibility
c. Marketing
d. Resource acquisition

Answers

Answer:

The correct answer is the option A: Problem creation.

Explanation:

To begin with, when it comes to diversity in the organization the right management of it can ensure the fact of increase the development and growth of the company in its whole, and moreover when it comes to areas that are really needed of diversity of thoughts and cultures in general. Therefore that the marketing area, the resource acquisiton and organization flexibility are the areas that obviously would be benefit by the increase of the diversity of the workforce so that the effectiveness of the organization as a whole will be increase as well too.

Reggie, who is 55, had AGI of $35,200 in 2022. During the year, he paid the following medical expenses:
Drugs (prescribed by physicians)
Marijuana (prescribed by physicians)
Health insurance premiums-after taxes
Doctors' fees
Eyeglasses
Over-the-counter drugs
$ 570
1,470
1,280
1,320
445
270
Required:
Reggie received $570 in 2022 for a portion of the doctors' fees from his insurance. What is Reggie's medical expense deduction?

Answers

Reggie's medical expense deduction is $7,276.

AGI, or adjusted gross income, is a person's total income minus certain deductions and is used to calculate taxable income.

Reggie, who is 55 years old, had an AGI of $35,200 in 2022. During the year, he incurred the following medical expenses:

Drugs (prescribed by physicians): $5,701

Marijuana (prescribed by physicians): $1,470

Health insurance premiums-after taxes: $1,280

Doctors' fees: $1,320

Eyeglasses: $445

Over-the-counter drugs: $270

Reggie was reimbursed $570 by his insurance company for a portion of the doctors' fees. To calculate his medical expense deduction, we first need to subtract any reimbursements from his total medical expenses.

Total medical expenses: $5,701 + $1,470 + $1,280 + $1,320 + $445 + $270 = $10,486

Reimbursements: $570

Medical expenses after reimbursements: $10,486 - $570 = $9,916

To claim a medical expense deduction, the expenses must exceed a certain percentage of AGI, which varies depending on the taxpayer's age. For taxpayers who are 65 or younger, the threshold is 7.5% of AGI. For taxpayers who are over 65, the threshold is 7%.

Since Reggie is 55 years old, the threshold is 7.5% of his AGI or $35,200 x 0.075 = $2,640.

Therefore, Reggie can deduct the portion of his medical expenses that exceed $2,640.

Amount of medical expenses that exceed the threshold: $9,916 - $2,640 = $7,276

Therefore, Reggie's medical expense deduction is $7,276.

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What is the first element that should be considered in creating an
advertisement?

Answers

Answer:

UNDERSTANDING THE PRODUCT DNA::

the first element is recognise the idea behind the product or service.For example if you are selling "bespoke clothing line" then the idea behind is 'luxury'. therefore, the advertising campaign must revovle around luxury.

Answer:

the message

Explanation:

DO you know what 407

Answers

Answer:

wdym wut 407

Explanation:

millstein at one point mentions that foreigners hold $5 trillion in debt obligations denominated in dollars. one threat to these foreign debtors is a dollar. the reason is that the foreign debtors

Answers

The correct answer is For instance, if a country experiences a severe famine and is unable to acquire emergency food using its own resources, it may utilise external debt to buy food from the country giving the linked loan.

External debt is primarily determined by institutions, financial markets, infrastructure projects, industrialisation finance, and economic development. A government, business, or private family that owes money to the government or private lenders of another nation is said to have foreign debt. Over the past few decades, there has been a steady increase in foreign debt, which has had unfavourable impacts in certain borrowing nations, particularly developing economies. Our econometric models predict that the India Total External Debt will have a long-term trend of roughly 612000.00 USD Million in 2024 and 615000.00 USD Million in 2025. The entire amount of debt owing to creditors outside of India includes external debt.

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What is TRUE about permanent life insurance?

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Because permanent (whole) life insurance protects the insured for their entire life, premiums are due each year until the insured dies. This may prove to be expensive when the insured is retired, and does not earn an income. The correct answer is: The premium-paying period may extend beyond the income-earning years.

(Just need some ideas and inspiration) What do you consider the most important challenge that will face people in the United States in the years ahead?

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Food security, hunger, poverty, population growth, pollution, heatwaves, droughts, and climate change are all interconnected.

What is Food security?

Food security refers to the availability of food in a nation and the capacity of its citizens to obtain, afford, and procure enough food.

The United Nations Committee on World Food Security defines food security as everyone having constant physical, social, and economic access to enough, safe, and nourishing food that satisfies their dietary needs and food preferences for an active and healthy life.

Another aspect of food security is the accessibility of food regardless of class, gender, or area.

Food security was a problem many thousands of years ago, as shown by the fact that central governments in ancient China and ancient Egypt were known to release food from storage during famines.

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In reality, most decisions fall between: A. recurring and unstructured decisions. B. recurring and nonrecurring decisions. C. structured and unstructured decisions. D. structured and nonrecurring decisions.

Answers

Answer: C. structured and unstructured decisions

Explanation:

In reality, most decisions fall between structured and unstructured decisions. It should be noted that for an unstructured decision, the decision maker had to give an evaluation and judgement into the definition of the problem.

Structured decisions are typically repetitive and therefore the decision makers can just use a particular procedure to handle them.

You believe that the Non-Stick Gum Factory will pay a dividend of $2 on its common stock next year. Thereafter, you expect dividends to grow at a rate of 5% a year in perpetuity. If you require a return of 12% on your investment, how much should you be prepared to pay for the stock

Answers

Answer:

$28.57

Explanation:

Dividend growth model can only be used in a situation where the firm pays a dividend which can tend to grow at constant rates reason been that the stock has been influenced by the growth rates which is involved in the dividends which means the firm can increase the dividends.

Therefore the Dividend that is to be paid next year will be:

$2Growth rates

5 %Rates of return

12% Return on Investment

Formular for the calculation of current price of the stock = D1/(r-g)

Where:

D1=2%

r=12%

g=6%

Hence:

2/ (0.12-0.05)= $ 33.33

=2/0.07

=$28.57

Therefore the amount I should be prepared to pay for the stock today will be $28.57


Which of the following is an example of disparate impact?

Answers

Answer:

For example, testing all applicants and using results from that test that will unintentionally eliminate certain minority applicants disproportionately is disparate impact.  For example, testing a particular skill of only certain minority applicants is disparate treatment.

Explanation:

The instance of the disparate impact is "A woman is rejected for the board of directors of a public company.....grow a beard." Thus, option second is correct.

What is disparate impact?

Disparate impact can be defined as unintentional discrimination taken against the person or the lower caste community. It includes the process in which every person is the same and follows the same process. This is done in order to protect the people of the lower caste who are negatively affected.

The example of Disparate impact is "A woman is denied for a position on a public firm's board of directors because the corporation wants all board members to be able to grow a beard."

Disparate effect refers to employment practices that might disproportionately harm one group of persons with a protected feature over another, even if the regulation is legally neutral.

Therefore, it can be concluded that option second is correct.

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Your question is incomplete, but most probably the full question was….

List of options:-

A group of persons is fired because they used corporate assets to advocate for their religious views.A woman is rejected for the board of directors of a public company because the company requires that all board members be able to grow a beard.A man is denied a promotion because he is Hispanic.

A student is concerned about her car and does not like dents. When she drives to school, she has a choice of parking it on the street in one space, parking it on the street and taking up two spaces, or parking in the lot. If she parks on the street

in one space, her car gets dented with probability. If she parks on the street and takes two spaces, the probability of a dent is and the probability of a $15 ticket is 3/10 Parking in a lot costs $5, but the car will not get dented. If her car gets dented, she can have it repaired, in which case it is out of commission for 1 day and costs her $50 in fees and cab fares. She can also drive her car dented, but she feels that the resulting loss of value and pride is equivalent to a cost of $9 per school day. She wishes to determine the optimal policy for where to park and whether to repair the car when dented in order to minimize her (long-run) expected average cost per school day.
A. Formulate this problem as a Markov decision process by identifying the states and decisions and then finding the Cik.
B. Identify all the (stationary deterministic) policies. For each one, find the transition matrix and write an expression for the (long-run) expected average cost per period in terms of the unknown steady-state probabilities.
C. Use your IOR Tutorial to find these steady state probabilities for each policy. Then evaluate the expression obtained in part (b) to find the optimal policy by exhaustive enumeration.

Answers

If she parks on the street use your IOR Tutorial to find these steady state probabilities for each policy. Then evaluate the expression obtained in part (b) to find the optimal policy by exhaustive enumeration. The answer is OPION C

If P(Xn+1 = j|Xn = i) = P(X1 = j|X0 = i), i.e., the transition probabilities do not depend on time n, then the Markov chain X(t) is time-homogeneous. If so, then the probability of moving from i to j in a single step is given by pij = P(X1 = j|X0 = i), and the transition matrix is given by P = (pij).

The final value is another name for the steady state value. This steady state value is very simple to determine using the Final Value Theorem: Where y(t) is in the time domain and Y(z) is in the frequency domain, limty(t)=limz0zY(z). In this case, your transfer function would be H(z)=Y(z)X(z)=.

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Joseph and Krystal are part of your social group. They joined Missile’s Financial Services together as middle managers. Each one, reports to a different senior manager. These senior managers report to the Managing Director. Once a month after payday, Joseph, Krystal and other members of the social group all try to have lunch together.

Joseph is very distressed. ‘I’ve had an awful week and this morning was the worst!’ He recounts what happen between himself and Nicholas, his manager.

‘Nicholas and I were to meet with a new supplier to finalize a contract. I have been dealing with the supplier all this time, over two and a half months and we just needed to finalize the costing. We had reached an agreement about the cost that both of us were comfortable with. For the past two weeks, I have been trying to get Nicholas to look at the contract and agree the figures etc. We really need this guy’s company. They are fast and have a great reputation for products and services. The price is good and they are willing to customize the stationary, with no additional cost to us. Anyway, Nicholas was always too busy to meet. I emailed him the contract and my teams thoughts on how we should proceed hoping he would read it.’ My team consists of the Accounts/Finance Manager, Inventory Manger, Legal, Research & Development, Public Relations Manager and I, and we meet at different times and days, whether collectively or selectively.

‘Anyway we, Nicholas and I, met with the supplier this morning. We are going through the contract, the next thing I know Nicholas says, ‘This won’t work for us. The cost is too high. Where did these calculations come from?’ ‘If the floor had opened up and swallowed me I could have not been more embarrassed. I mean I spent three weeks, working on it with the team Accounting, PR and Legal! Joseph shaking his head continued, ‘he just took over the conversation. I mean we got the contract signed but in the end all that happened was that the figures were rearranged we still end up paying the same.’ ‘I am tired of this foolishness. He stays locked in his office on his cell every day. Only God knows what he does in there.’

1. Do you believe that Nicholas is an unethical manager? Justify your response by choosing one of the ethical decision making concepts outlined in unit 2 to argue/support your writing.

2. From the chosen ethical decision making concept selected by you in question 1, show its relationship to any one of the variables in an analytical tool, outlined in unit 1, read.

Answers

1. Based on the information provided, it is not possible to ascertain whether Nicholas is an unethical manager. However, Joseph’s account of the situation raises some red flags about Nicholas’ behavior.

2. The chosen ethical decision-making concept is fairness, which is one of the key ethical principles in business.

1. Based on the information provided, it is not possible to ascertain whether Nicholas is an unethical manager. However, Joseph’s account of the situation raises some red flags about Nicholas’ behavior. It appears that Nicholas did not take the time to review the contract or the team’s thoughts, but still took over the conversation with the supplier and changed the figures. This behavior could be seen as a violation of the ethical principle of fairness, which involves treating others in a reasonable, equitable, and impartial way. Nicholas’ actions suggest that he did not give due consideration to the team’s input or their efforts to finalize the contract, which could affect their working relationship and trust in him as their manager.

2. The chosen ethical decision-making concept is fairness, which is one of the key ethical principles in business. Fairness is based on the idea of treating all stakeholders equitably and impartially, taking into account their needs, interests, and perspectives. In this case study, Nicholas’ actions appear to violate the principle of fairness by disregarding the efforts of Joseph and his team to finalize the contract, and making unilateral changes without adequate review or discussion.

To analyze this situation using an analytical tool, we can use the Stakeholder Mapping tool, which helps to identify and categorize stakeholders based on their level of interest and power. In this tool, stakeholders are divided into four categories: High power/high interest, High power/low interest, Low power/high interest, and Low power/low interest. In this case, Joseph and his team are the stakeholders with high power and high interest in the situation, as they are responsible for finalizing the contract.

Using the Stakeholder Mapping tool, we can see that Nicholas’ actions have the potential to undermine the trust and collaboration of high power/high-interest stakeholders, who are critical to the success of the project. Specifically, his actions may cause frustration, resentment, and loss of confidence in his management ability. This could result in a breakdown of communication and cooperation, which would ultimately affect the team’s performance and the overall success of the project. Therefore, it is important for Nicholas to consider the perspectives and input of all stakeholders, including those with high power and high interest, when making decisions that affect them. By doing so, he can ensure that his decisions are ethical, fair, and aligned with the needs of all stakeholders.

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which of the following strategies is not a strategy used primarily by corporate management when negotiations break down with the labor union?

Answers

The strategy of "greenmail" is not a strategy primarily used by corporate management when negotiations break down with the labor union.

Strategies Used in Corporate-Labor Union Negotiations

Corporate management and labor unions often engage in negotiations to resolve issues related to wages, benefits, working conditions, and other aspects of employment. When negotiations break down, several strategies may be used to resolve the impasse. Some common strategies include conciliation, where a neutral third party helps the two sides reach a compromise; mediation, where a mediator facilitates communication between the parties and helps them reach a mutually acceptable solution; arbitration, where an arbitrator listens to both sides and makes a binding decision; and direct negotiation, where the management and union representatives meet and negotiate directly. Greenmail, however, is not a strategy primarily used in these negotiations. Greenmail refers to the practice of purchasing enough shares in a publicly traded company to threaten a hostile takeover, and then selling those shares back to the company at a premium, typically to prevent the hostile takeover from occurring. This strategy is typically used by corporate raiders, not by management during labor union negotiations.

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Assignment
write a letter of Complain about
your dissatisfaction on the product
you consume​

Answers

Answer:

Explanation:

[Your Address]

[Your City, State, Zip Code]

[Date]

[Name of Contact Person]

[Title]

[Company Name]

[Street Address]

[City, State, Zip Code]

Dear [Contact Person]:  

On [date], I bought [or had repaired] a [name of the product with the serial or model number or service performed]. I made this purchase at [location, date, and other important details of the transaction].

Unfortunately, your product has not performed well [or the service was inadequate] because [state the problem].

To resolve the problem, I would appreciate your [state the specific action you want]. Enclosed are copies [copies, not originals] of my records [receipts, guarantees, warranties, cancelled checks, contracts, model and serial numbers, and any other documents] concerning this purchase/repair.

I look forward to your reply and a resolution to my problem. I will wait [set a time limit] before seeking third-party assistance. Please contact me at the above address or by phone [home or office numbers with area codes].

Sincerely,

[Your Name]

[Account Number]

6. Comparative advantage is when A. B. C. D.
A. one person can produce more of a good than another person.
B. one person can produce a good at a lower opportunity cost than another person.
C. Two parties can complete a task equally well.
D. one person can produce a good at a higher opportunity cost than another person.

Answers

B. one person can produce a good at a lower opportunity cost than another person.

Comparative advantage is a concept in economics that refers to the ability of a person, firm, or country to produce a good or service at a lower opportunity cost than another. Opportunity cost is the cost of forgoing an alternative opportunity in order to pursue a particular action. Hence, the correct option will be B: one person can produce a good at a lower opportunity cost than another person.

For example, let's say Person A can produce 10 units of product X or 5 units of product Y in one hour, while Person B can produce 8 units of product X or 4 units of product Y in one hour. Person A has an absolute advantage in producing both X and Y, as they can produce more of each product than Person B. However, Person B has a comparative advantage in producing product Y, as they can produce it at a lower opportunity cost than Person A, since they have to give up less of their production of product X to produce product Y.

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