Answer:
Simulation results:
- the average monthly profit resulting from its policy of stocking 100 routers at the beginning of each month is $4237.
- percentage of total demand is satisfied: 92%.
Explanation:
We have to consider three factors to calculate the profit:
- Sales. Every unit sold adds (125-75)=$50 to the profit. We have to consider the condition that the maximum amount of units that can be sold is 100 units.
- The remains cost. If the monthly demand is under 100 units, the profit is reduced by $15 per each remaining unit.
- The shortage cost. For each unit demanded that exceeds the 100 units, the profit is reduced by $30.
The equation can be expressed as:
A simulation with 10,000 trials is done, and the average monthly profit calculated for this policy is $4237.
The demand was calculated with the Excel function INT(NORMINV(RAND(),100,20)), to mimic a normal distribution with mean 100 and standard deviation 20.
b) The satisified demand is calculated for each trial as the minimum value between Q (quantity demanded) and 100, as if Q is bigger than 100, only 100 units of the demand are satisfied.
The percentage of total demand satisfied is:
Answer:
<u>growth.</u>
Explanation:
An organization's growth strategy is an action plan that the company will implement to achieve expansion of its activities.
For a company to grow effectively, it needs to be analyzed and planned for its growth strategy, so that there is restructuring and innovation that enables compliant growth to take advantage of business-related opportunities.
Customer expansion occurs when a company wants to expand its customer base by offering a higher quality service or product, hiring new employees to deliver superior service and support growth.
In a general context, organizations wishing to expand should look at the critical points such as investments, logistics, customers, communication, which require further restructuring of innovation and training, so that there are significant changes that positively affect all stakeholders.
Firms will generally make-to-order when the demand for goods is not stable.
<h3>What is Make to order?</h3>
Make to order (MTO) is a production process that involves a customer ordering a specific products which is usually different from the general products.
The products may be customized and its usually done when a company has less demand or work.
Therefore, Firms will generally make-to-order when the demand for goods is not stable.
Learn more make to order below
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Answer:
What Baldwin pays to its employees per hour is $29.63
Explanation:
Consider the following calculations to find the Baldwin pays to its employees.
Total raise = 5% + 0.25% = 5.25%
Present wages = $28.15
Baldwin will pay = $28.15* (1.0525) = $29.63
Answer and Explanation:
The adjusting entries are shown below
1. Accrued wages expenses
Wages expense Dr XXXXX
To Wages payable XXXXX
(Being the accrued wages is recorded)
For recording this we debited the wages expense as it increased the expense and credited the wages payable as it also increased the liabilities
2. Accrued utilities expenses
Utilities expense Dr XXXXX
To Account payable XXXXX
(Being the accrued utilities expense is recorded)
For recording this we debited the utility expense as it increased the expense and credited the account payable as it also increased the liabilities
3. For adjusting the unearned service revenue
Unearned service revenue Dr XXXXX
To Service revenue XXXXX
(Being the unearned service revenue is recorded)
For recording this we debited the unearned service revenue as it decreased the liability and credited the service revenue as it increased the revenue
