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A job shop receives an order for high precision formed parts. The cost of producing each part is approximately $20,000. The customer requires that either 4 or 5 good parts be supplied. Each good part sold will yield $30,000. However, if fewer than 4 good parts are produced, none will be purchased. The probability of an individual part being acceptable to the customer is .80. 1/ Determine the optimum batch production quantity given that the job shop has agreed to supply the formed parts. 2/ Is the situation a profitable one for the job shop? I 3/ If not, how must the selling price be changed for the expected profit to be positive?
You wk for a consumer advocate agency and want to find the mean repair cost of a washing machine. As part of your study, you randomly select 45 repair costs and find the mean to be
Answer the following questions on the Topic of Forms of Business Ownership 1. Describe the three forms of ownership. Describe two advantages and two disadvantages of each. 2.
At what rate of interest, compounded annually, will an investment triple itself in (a) 8 years ? (b) 10 years? (c) 12 years?
Describe the change management factors that shape HR-business strategy.
what is the significant of microfinance?
1. Flickering tubes: This condition which may be due to defective conditions or by tube which has reached its working life, creates eyestrain. 2. A. Misadjusted Refle
How do the two alternative process technologies (Chemling and AFU) differ in terms of their scale and automation? What are the implications of this for Rochem?
A key characteristic of a partnership is that each partner a. must contribute capital to the business b. shares in company assets upon the dissolution of the partnership c
Explain the rival principles of distribution
How does the transformation process apply to the field of construction management, and how you might apply the basic concepts?
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