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- Based on the data presented below, which one of the following statements is true? Product X Product Y average total units total average sales price sold sales price revenue 2012 $10 200 $150 $10 2013 $11 190 $180 $12 2014 $10 250 $225 $15 A. Demand for product X is price inelastic. B. Demand for product Y is price inelastic. O C. Product X and Product Y are complements. O D. Product X and Product Y are substitutes. O E. Both A and C.In determining open-to-buy, what is subtracted from planned purchases? O On hand On order EOM stock BOM stock Question 37 Your department is planning a 10 percent increase in sales for the entire three- month period (February-April). Sales for the period last year were $19,000. Fifty percent of the total planned sales are projected to occur in March, and 25 percent of sales are planned to occur in each of the other two months. Planned stock-sales ratio for each month is 2.0. Total planned reductions for the period are 5 percent of planned sales. Reductions are projected to occur for each month as follows: February (10 percent), March (40 percent), and April (50 percent). An ending inventory of $5,000 is planned for the period. PLANNED PURCHASES FOR FEBRUARY ARE: O $24,200 O $15.779 O None (overbought). $10.895.50link of PDF : https://docdro.id/psUSO2n https://docdro.id/KV8USNQ question : 1. According to Weele, why should we measure the purchasing function? 2. According to Weele, what elements in the purchasing function should we measure? 3. According to Weele, the items that we measure determines the role of the purchasing function. List these roles, and show the mapping. 4. According to Simpson and et.al, why should we measure the performance of our suppliers? 5. According to Simpson and et. al, what are the characteristics of our suppliers should we measure? List these down in terms of evaluative criteria and its details.
- Which of the following is NOT one of the proactive aggregate planning strategies options? a. Hire and fire workers O b. None of these Oc. Back orders O d. Promotion O e. PricingA colleague has made the following statements: In the long term most production overheads are variable Traditional absorption costing systems tend to give too much overhead cost to high volume products. Which statements are correct? a) Neither statement 1 nor statement 2 b) Only statement 1 c) Only statement 2 d) Both statements 1 and 220. Identifying true or false: I - Just-in-time purchasing is guided solely by the economic order quantity. II - Companies that implement JIT purchasing will switch their suppliers when another supplier offers alower price. III - Just-in-time purchasing describes the flow of goods, services, and information from the initial sourcesof materials and services to the delivery of products to consumers, regardless of whether those activities occur in the same organization or in other organizations Group of answer choices All are false. T, T, F F, F, T All are true T, F, T
- < 1. Stephen, CFA, is an experienced investment advisor and he works for an investment advisory firm. He is meeting one of the firm's new clients, Sammie. After chatting with Sammie for a few minutes, Stephen recommends that she should buy some Bitcoins in her portfolio because it is the medium of exchange for future. It has a substantial upside and its recent pullback represents a great buying opportunity. He has also explained in great details about Bitcoin and other crypto currencies. A) Please discussion the following: Which CFA Standard of Professional Conduct does the case relate to? B) Explain whether each of I, II, III & IV below is correct or incorrect separately with respect to the relevant Standard. State the key points of the case that relate to the relevant Standard in your own words. His conduct of recommending Sammie to buy Bitcoins is: I. acceptable because Stephen is very experienced in investment with CFA designation. II. acceptable because the investment in Bitcoins…In a vertically integrated company, a commonly used pricing rule for transferred resources allows the selling division to add an appropriate markup to the cost incurred in the manufacturing process. This policy can be considered as a personal control. financial control. output control. behavior control..Use a single excel file with formulas within answer cells. Show formulas for how to get the answer. The ticketing office at a professional sports venue has noticed that ticket sales seem to fluctuate. The manager wants to introduce the strategy of demand-pricing in order to maximize attendance and therefor revenue. Based on historical sales, manager wonders if there is a connection between winning percentage (in decimal form) of the team and attendance (seats). Attendance (seats) Winning Percentage (decimal form) 78,000 0.6 89,000 0.67 93,000 0.7 59,000 0.5 65,000 0.55 97,000 0.9 86,000 0.6 75,000 0.55 91,000 0.8 61,000 0.52 What is the forecasted attendance if winning percentage is 0.67?
- The marketing manager of a large truck manufacturer was surprised to learn that the price lists generated by his department had little relation to the prices that were actually charged to customers. The company’s finance department often changed the prices to conform to profit goals before the prices reached the company’s sales force. The salespeople often gave customers discounts to increase their sales volume. The operations manager made price adjustments to accommodate delays in promised shipping times. a. Why is this situation undesirable for the company?Genuine Reproductions (GR) plans on increasing nextyear’s sales by 20 percent while maintaining its same averageinventory in dollars of $250,000.(a) Calculate the expected inventory turnover for next year.(b) Calculate the expected weeks of supply.Your new company has decided to use a periodic reviewsystem. You have learned that average weekly demand is 48units per week with a standard deviation of 8 units. You believethat your cycle-service level should be 94 percent. Lead timeis two weeks. Initially, you believe that you should do a reviewevery Friday. Determine the required safety stock and the targetinventory level.(a) How would this procedure change if the cycle-servicelevel needed to be 98 percent?(b) What is the impact of changing the review period fromevery Friday to every other Friday, assuming that thecycle-service level is 94 percent?
