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galben [10]
3 years ago
13

At Aalten Technologies, bottlenecks in the assembly line occur according to a Poisson process with an average of 0.50 bottleneck

s per hour of operating time. Give answers either as decimals to nearest .001 or as a simple, exact expressions involving e:
Business
1 answer:
RideAnS [48]3 years ago
5 0

Answer:

Probability (at least one bottle neck occurs during 8 hours of operation) = 0.9817

Explanation:

Given:

Average bottleneck 1 hour = 0.5

Find:

Probability (at least one bottle neck occurs during 8 hours of operation)

Computation:

Expected events in 8 hour = 8(0.5)

Expected events in 8 hour = 4    

Probability (at least one bottle neck occurs during 8 hours of operation) = p(X≥1)

Probability (at least one bottle neck occurs during 8 hours of operation) = 1-p(X=0)

Probability (at least one bottle neck occurs during 8 hours of operation) =1-exp(-4)[4⁰]/0!

Probability (at least one bottle neck occurs during 8 hours of operation) =1-0.0183

Probability (at least one bottle neck occurs during 8 hours of operation) = 0.9817

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Flannigan Company manufactures and sells a single product that sells for $450 per unit; variable costs are $270. Annual fixed co
uysha [10]

Answer: The company's current sales is 9,333 units.

It has to sell a total of 10,695 units in order to achieve a target pre tax income of $1,125,000.

First we calculate the number of units sold at the current sales level.

We compute this as:

\frac{Sales}{Price per unit} = \frac{4,200,000}{450}  = 93333.33 units

Next we find the contribution margin per unit.

Contribution margin per unit =  Selling Price - Variable Cost

Contribution margin per unit =  450 - 270

Contribution Margin per unit is <u>$180.</u>

Flannigan Company's current per-tax income is calculated as :

Sales                                                                    4200000


less:Variable costs @ $270  for 9333.33 units           -2520000


Contribution                                                            1680000


less:Fixed Costs                                                            -800000


Pre tax income                                                     880000


With this information, we can calculate the Contribution Margin required if the pre tax income should be $1,125,000. We work backwards in order to find the Contribution Margin from Pre-tax income.

Targeted Pre Tax income                                $1,125,000

Add: Fixed Costs                                              $  800,000

Contribution Margin                                         $1,925,000

Since we know the per unit contribution, we can calculate the number of units to be sold as:

Targeted sales in units = \frac{New contribution margin}{Contribution per unit}

Targeted sales in units = \frac{1,925,000}{180} = 10,694.44

Since products can't be sold in parts, any decimal value after a whole number will be rounded up. Hence the targeted sales will be 10,695 units.


7 0
3 years ago
Read 2 more answers
You are giving a tour of businesses to several classical musicians from China. One of the Chinese in the tour group has asked yo
HACTEHA [7]

Answer:

Purpose of business is to increase general well being of people by selling goods and services.

Explanation:

The main purpose of business is to increase well being of people, make profits for its stakeholders and offering value for money to its customers or clients through products and or services. The products and services provided by the company should not harm its customers and clients instead these products and services should provide benefits to its users and satisfy their needs. While making profits a company should keep scarce resources in mind so the needs of the future generation is not compromised also it does not harm the environment by its poisonous wastage. Every business requires some form of investment as an input though which quality output can be provided to its customers and clients.

5 0
3 years ago
In the Solow model, in the absence of any shock, the capital stock remains at some level forever. This rest point is called the
photoshop1234 [79]

Answer:

Steady state

Explanation:

This rest point is called the steady state. At this state investment is equal to depreciation. In solow growth model, an economy in steady state is of a stable size or fluctuates just a little.

Output, population, capital stock, saving, investment, and technical progress, all grow at a constant rate or are constant. An economy gets to a steady state after a period of growth or after a downsizing period.

3 0
3 years ago
During a contractionary phase of the business cycle, which of the following most likely occurs?
Zielflug [23.3K]
more tax revenues are remitted
6 0
3 years ago
Read 2 more answers
Ability to visualize and implement possible business solutions
likoan [24]
This is known as Data Visualization
4 0
3 years ago
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