Consider a project with seven tasks. Three tasks - tasks 3, 4, and 5 - require a specific resource for completion; all needed resources must be available at the site before a task can be started. Task Duration Predecessor (s) Units of Value of Completed Task Resource Needed 3 3. 1. 10 $4000 3. 1. 10 $3000 5 3 12 5000 1 4 1 2, 5,6 Each resource unit cost S100; no quantity discounts are available. In addition, it costs $2 per unit per time period to hold this resource in stock, and it costs $45 just to place an order for materials (independent of the number of units ordered). When should each task in the project be started and when and how many resources should be ordered to minimize total project costs? en 2. en en 2. en
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- What adjustments to the basic breakeven calculation must be made to include target returns?Which is not considered to be an OPSCM execution process by any of the most popular models? Select one: A. returns B. manufacturing/production/make C. logistics D. procurement/acquisition/purchasing E. research & developmentCVP Analysis with Income Taxes Cohen Company produces and sells socks. Variable cost is$6 per pair, and fixed costs for the year total $75,000. The selling price is $10 per pair.Required Calculate the following:1. The breakeven point in units.2. The breakeven point in sales dollars.3. The units required to make a before-tax profit of $40,000.4. The sales dollars required to make a before-tax profit of $35,000.5. The sales, in units and in dollars, required to make an after-tax profit of $25,000 given a tax rate of 30%.
- Terry, Inc., makes gasoline storage tanks. All production is done under contract. The company makes three basic models, but each model must be adapted to customer specifications for the location of outlets, insulation, and paint. It takes from three to six months to complete a tank. How should Terry account for the income for the business?Explain how can minimization be performed with simplex methods ?College Creations, Inc (CC), builds a loft that is easily adaptable to most dorm rooms or apartments and can be assembled into a variety of configurations. Each loft is sold for $500, and the cost to produce one loft is $300, including all parts and labor. CC has fixed costs of $100,000. A.What happens if CC produces nothing? B.Now, assume CC produces and sells one unit (loft). What are their financial results? C.Now, what do you think would happen if they produced and sold 501 units? D.How many units would CC need to sell in order to break even? E.How many units would CC need to sell if they wanted to have a pretax profit of $50,000?
- Major overhaul expenses of $5,000 each are anticipated for a large piece of earthmoving equipment. The expenses will occur at the end of the year four and will continue every three years thereafter up to and including year 13. The interest rate is 12% per year. a. Draw a cash-flow diagram b. What is the present equivalent of the overhaul expenses at time 0? c. What is the annual equivalent expense/annuity during only years 5-13?What advantage does an Earned Value Management System have over more traditional cost‐control and schedule‐control systems?Information on a business is given below.Variable Expenses:Raw material expense: 250 TL / pieceAuxiliary equipment expense: 150 TL / pieceElectricity expenses: 100 TL / pieceSpare parts expense: 75 TL / pieceOther variable expenses: 125 TL / pieceFixed costs:Depreciation, interest and insurance expenses: 75 000 TLLabor and personnel expenses: 250 000 TLOther fixed expenses: 115 000 TLProduction capacity: 2000 pcs / monthSale price: 1600 TL / pieceAccording to the above,a) Find the break-even point as the production quantity?b) Find the amount that the business has to produce in order to make a profit of 500 000 TL / month?
- Complaints have come to the department manager regarding timeliness of requests for patient information and a decision must be made. Three months ago, Community Hospital opened a 24-hour urgent-care center 10 miles away in a rapidly growing community. Kent Jones, the health information services manager, took part in the planning that included the use of a combined record and one patient identification number. The decision was made to allow electronic sharing of patient records between the facilities; however, at present it is necessary to fax some portions of the record upon request. In the past month, Kent has received four complaints from the urgent care center that records were not faxed in a timely manner. There are 26 employees in health information services. Three full-time employees care for record activity during the day, with one employee devoted to record activity during the evening shift, when a team leader and four other employees are usually in the department. During the…Complaints have come to the department manager regarding timeliness of requests for patient information and a decision must be made. Three months ago, Community Hospital opened a 24-hour urgent-care center 10 miles away in a rapidly growing community. Kent Jones, the health information services manager, took part in the planning that included the use of a combined record and one patient identification number. The decision was made to allow electronic sharing of patient records between the facilities; however, at present it is necessary to fax some portions of the record upon request. In the past month, Kent has received four complaints from the urgent care center that records were not faxed in a timely manner. There are 26 employees in health information services. Three full-time employees care for record activity during the day, with one employee devoted to record activity during the evening shift, when a team leader and four other employees are usually in the department. During the…“This isn’t what I need!” objected the admissions officer at Northwest Regional Hospital. Judy sighed, “But this is the software you asked us to create for you.” “I don’t care what I said at the time, this system won’t work for us the way you have it set up. You’ll have to fix it.” “But any fixes are going to set this project back at least four months,” Judy warned. “Why don’t you work with it for a while and get used to the features? I’m sure you’ll find that it works fine.” Judy’s attempt at reassurance just set off an even more negative response from the admissions officer: “Look, we needed the registration screens in a different format. I can’t read this one. And on top of that, it’s missing the insurance check function.” “But you didn’t ask for any of those features last April when we developed the specifications for the system.” “At the time, I didn’t know they were available. Since then, we got new information and some new federal regulations. You’ll have to make big changes…