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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?
Shalit Corporation's 2008 sales were $7 million. Its 2003 sales were $3.5 million. At what rate have sales been growing? Round your answer to the nearest hundredth.
Henrique's Correa's bakery prepares all its cakes between 4am and 6am so they will be fresh when customers arrive. Day-old cakes are virtually always sold but at a 50% discount off
• Determine the main reasons why a greater involvement in employees' personal lives, as opposed to non-involvement, is inevitable in many international HRM activities, especially i
A simple moving average_____. (may be more than 1 answer) A) lags a trend B) is best to use when product demand is unstable. C) cannot be used to filter out random fluctua
What potential problems and benefits are likely with early or flexible retirement programs?
IT is one of most globally integrated corporate function how is IT different from other business areas when it comes to global integration? why do you think this is the case?
List out reasons for the decision of the Production Manager backed up by the necessary data
Develop a Work Breakdown Structure (WBS) for a project in which you are going to build a bicycle and identify two major components with three levels of details for each component
Your new small business has really grown, but now it needs a substantial infusion of capital. A venture capitalist firm has agreed to invest the money you need. In return, the vent
Relation of Process Design to Types of Process Flow There is a definite relationship between the production process and process flow. For continuous manufacturing the methods an
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