MARKETING
7th Edition
ISBN: 9781260087710
Author: Grewal
Publisher: RENT MCG
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Question
Chapter 14.4, Problem 2PC
Summary Introduction
To determine: Formula to calculate breakeven point in units.
Introduction: The level of production where the firm is neither a
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Q: The manager of your company told you to go out to the warehouse and count merchandise inventory. He said that owner is coming for a meeting next week and the manager wanted to put on a good show. He asked you to make the inventory higher by counting the first and last row twice. The higher ending inventory will result in higher net profit. What should you do?
Year
Cost of Good Sold
Beginning
Inventory (In
Pesos)
Ending
Inventory (In
Pesos)
1
503,425
10,300
12,400
2
643,056
12,400
11,200
3
690,432
11,200
10,670
4
734,509
10,670
11,200
5
758,734
?
10,987
REQUIRED
Determine the inventory turnover for year 5.
Determine the number of days the finished goods stay in inventory in Year 1.
There was no improvement in inventory turnover in Year 5 compared to Year 1. This statement is not correct. Write YES or NO for the answer
Q1/ One of the dairy canning companies wants to set up a special program for the production of
cheese, as it decided to produce two types of cheese, each of which consists of a mixture of
ingredients that are manufactured in special machines to become ready for use. The cost of the first
type of cheese is 41 dinars, and the cost of the second type is 35 dinars. Each of the two types of
cheese contains four components. The manufacture of cheese of the first type requires a mixture of
(2, 1, 5, 0.6) and the second type (3, 1, 3, 0.25) units of the components (D, C, B, A). on the
sequence. The weekly needs of foodstuffs (D, C, B, A) that are supposed to be provided for the
cheese industry are (1250, 250, 900, 232.5) kg, respectively. Required: 1- Formulate a mathematical
model for this problem. 2- The quantity of cheese production of the first and second types to obtain
.the highest return using the graph method
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