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A company's main expense is its workforce, and for it at the end of each month the company has to pay $300,000 worth of salaries. The money comes from a payroll account that is empty at the beginning of the year and receives a variable in ow from the sales revenues net of the other operating costs. On a daily basis, $10,000 ow into the account on average, normally distributed with a variance of 100,000 $^2. If at the end of each month there is not enough money to pay all the employees, the account balance will go negative, and some will be paid late. (xi) What is the distribution and the parameters of the monthly in ow? (xii) What is the probability that at the end of each month all employees are paid on time? (xiii) What is the initial (safety) capital that we need to borrow from other accounts to raise this probability to 99%? (xiv) How would this probability change if the $10,000 mean increases and the 100,000 $^2 variance decreases? (xv) What the probability that at the end of the year the account has zero balance?
Are there ethical considerations we should consider during the the entire innovation process? If so, what are they? Do they occur at every step of the process? Can an innovation be morally neutral, yet be unethical or socially irresponsible when carr..
She knows that each order for se bills costs $300 for clerical and armored car delivery costs and that order lead time is 6 days. If she were to order 6,000 bills at a time, illustrate what would be average monthly total costs, excluding value of ..
The cost of producing dialysis unit is $985 on regular time, $1310 on overtime, and 1500 on a subcontract. Inventory carrying cost is 100 per unit
Compose risk assessments, and discuss techniques for monitoring and controlling risks, Create and present a risk management plan
What is its importance to achieving better health system performance and controlling cost? Who provides primary care and in what settings?
Think of all the examples of forecasting you experience on a regular basis; such as the weatherman on TV each night.
You are designing a grocery delivery business. Via the internet, your company will offer staples and frozen foods in a large metropolitan area and then deliver them within a customer-defined window of time. A Quality Assurance (QA) Program is essenti..
A production manager is concerned about possible extreme variation in the weights of boxes of produce being delivered to the supermarket. If the weights vary extremely or low on average, the store will have dissatisfied customers.
The Sudso Beer Company is required to fill all bottles as advertised with a minimum fill of 12 ounces. Each bottle will only hold 12.25 ounces. The current process fill is running at an average of 12.07 ounces with a standard deviation of 0.02 ounces..
Select a film or book, fiction or non-fiction, or a current news story. Identify and discuss one or more ethical conflicts the story presents with reference to the moral theories.
Your local small business association is organizing a workshop centered upon the impact of corporate culture on leadership and corporate strategy. They are seeking to differentiate their workshop from similar workshops by requiring their presenter..
Many situations can raise ethical concerns, particularly in the face of disagreement and conflict between parties. However, not all situations of an ethical nature result in a values conflict or constitute an ethical dilemma.
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