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In November 2016, Worker Jon must choose how much he wants to contribute to his Flexible Savings Account (FSA) for the year 2017. He can contribute up to $2,550, which will be deducted pre-tax from his 2017 income. He can then use the deposit (e.g., get reimbursed) for eligible health care expenses incurred during 2017. His tax rate is 30%, so for every dollar that he does actually spend from his FSA, he will get 30 cents tax benefit. However, since he does not know exactly how much he will spend in 2017, there is a risk involved. If he did not spend all the money he had deposited, the remaining balance will expire (i.e., it cannot be withdrawn or rolled over to next year). Suppose Jon has estimated that his eligible expenses follows a Normal distribution with mean (2300) and standard deviation (500) . Guideline: Newsvendor calculations with continuous demand distribution. a) What is the shortage cost? What is the excess cost? What is the newsvendor critical ratio? b) What is the optimal amount Q* to contribute his FSA? c) If he deposits Q* found in part (b), what is the expected amount he needs to pay using his post-tax income (i.e., after he has spent all the amount in FSA)? d) Following part (c), what is the expected amount he will actually pay using his FSA? What is the expected amount left unused in his FSA? What is his expected tax benefit?
Safety Tile Company (ST) has been using production runs of 100,000 tiles, 10 times per year to meet the demand of 1,000,000 tiles annually. The set-up cost is $5,000 per run and holding cost is estimated at 10% of the manufacturing cost of $1 per til..
Each coffee table produced by Timothy Kent Designers nets the firm a profit of $9. Each bookcase yields a $12 profit. Kent’s firm is small and its resources limited. During any given production period (of 1 week), 10 gallons of varnish and 12 lengths..
What are the expected number of yearly breakdowns for the power generator at Orlando Utilities that has exhibited the following data over the past 20 years
Wagner Bros plans to build a new warehouse near Sidney, Australia, in order to supply its sales points in New South Wales. On the basis of a preliminary analysis of the problem, it has been decided that the facility should accommodate at least 780 pa..
A retailer experiences a seasonal demand pattern for its services. Labor requirements over a typical six-month period follow. Period 1 2 3 4 5 6 Requirement 12 10 12 8 9 8 Costs associated with operations are as follows: Wages = $1,500 per worker per..
Keep a diary of sorts of any TV shows you watch this week, or any movies you may go to or watch on TV including downloaded or rented or streamed, look for “Product placements”, when is an item displayed noticeably so that the brand of the item is obv..
Explain how the macro environment influences Facebook and in turn, how Facebook can influence the macro environment.
Create a WBS for a campus wide fund raiser for a spring party with at least 20 tasks and at least 2 milestones. No resources are required to be added. Task dependencies should be represented.
Discuss how does a "market orientation" explain entry into a country market? How does a resource based view explain entry into foreign market? Why both perspectives are useful?.
Many major corporations have been greatly affected by the recent horrific tragedies in the Northeast with Hurricane Sandy and in Japan a few years ago with the large earthquake. How has this affected the global economy? In a one to two page paper, di..
Bid is a product of the Baldwin company which is primarily in the Nano segment, but is also sold in another segment. Baldwin starts to create their sales forecast by assuming all policies (R&D, Marketing, and Production) for all competitors are equal..
marketing does have an influence on consumers, but marketers simply do not know enough about people to manipulate them any way they please
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