The pdca cycle is a powerful approach for problem solving as it provides the foundation for teams to figure out ways to change and implement new ideas within their group setting and project or business. The PDCA stands for plan-do-check-act. In the planning stage your team will plan by determining what the problem is and what ways to fix it. In the do stage, your team will act on the ways you can solve the problem. In the check stage you are looking to check your work and see what worked and what needs to be changed. The final stage is the act stage which if you find solutions that work, implement them moving forward.
In this problem, we need to find the length of an annuity. We already identified the interest rate, the PV, and the payments.
Using the PVA equation: PVA =C({1 – [1/(1 +r)t]} /r
$18,000 = $750{[1 – (1/1.019) t] / 0.019}
Then solve for t:
1/1.019t= 1 − {[($18,000)/($750)](0.019)}
1/1.019t= 0.544
1.019t= 1/(0.544) = 1.838
t= ln 2.193 / ln 1.019 = 32.34 months or 2.7 in years
Missing information:
<u>Balance sheet
</u>
Current assets $3,300 Current liabilities $2,200
Fixed assets $10,200 Long-term debt $3,750
Equity $7,550
Total $13,500 Total $13,500
<u>Income statement</u>
Sales $6,600
Costs $5,250
Taxable income $1,350
Taxes (34%) $459
Net income $891
Answer:
$1,350.60
Explanation:
external financing needed = [(assets / sales) x ($ Δ sales)] - [(current liabilities / sales) x ($ Δ sales)] - [profit margin x forecasted sales x (1 - dividend payout ratio)]
EFN = [($13,500 / $6,600) x $1,188] - [($2,200 / $6,600) x $1,188] - [(0.135 x $7,788 x (1 - 0.35)]
EFN = $2,430 - $396 - $683.40 = $1,350.60
External financing refers to the amount of money that a business must either borrow or raise capital in order to keep operating as they have been doing so.
Answer:
Operate mine 1 four 4 days and mine 2 during 6 days to obtain minimum cost for the desired output of 850 gold and 18,000 silver
Explanation:
We generate the equation system on excel:
(50g + 3000s) Q_1 --> output generated on Mine 1
(75g + 1,000s) Q_2 --> output generated on Mine 2
12,000 Q1 + 17,000 Q2 = cost of the mines
we do solver to minimize the days of each mine considering a desired output of 18,000 silver and 650 gold:
and get the following:
M1 4 days output: (50g + 3000s) 4 = 200 g 12,000s
M2 6 days output: (75g + 1,000s) 6 = 450g 6,000s
Cost: 12,000 x 4 + 17,000 x 6 = 150,000
Answer:
V(n)=140,000-10000n
V(7)=$70,000
Explanation:
Purchase Cost= $140,000
Value After 11 Years =$30,000
Depreciation per Year = 
The truck depreciates at a rate of $10000 per year.
Using straight-line depreciation, the value of the truck in dollars, V
The linear function of its age in years n, V(n)=140,000-10000n
When the truck is 7 years old
n=7
Truck's Value, V(n)=140,000-10000n
=140,000-(10000X7)
=140,000-70000
=$70,000
