User Account

All Pages

Management of a product line

Assignment Help Engineering Mathematics
Reference no: EM131206222

You have been asked to take over management of a product line by your Division Manager.  Your Cost model for this product line is C = 50(x) + 59,500, where "x" represents units produced during a particular sales period and "C" represents total Costs.  Upon assuming product line responsibility, you note that the price "p" of $35 per unit set by your predecessor for the past few sales periods resulted in a Revenue model of R = (p)(x) = 35(x).  Provide brief answers in the space provided to parts "a" and "b" below.

a.  Based on the information available, speculate on why your predecessor is no longer managing this product line.

b.  If your market research department reports no limiting production or market constraints on "x", what is the minimum price "p" you would want to set in order to eventually "break even"?

Reference no: EM131206222

Questions Cloud

Who have no identifiable living descendants : ANTHROPOLOGY 1510 - THE WAYS OF HUMANKIND: AN ANTHROPOLOGICAL PERSPECTIVE" SPRING 2016 - Consider the issues at hand and post a statement of your thoughts on it. Should human remains be left alone entirely? Is it acceptable to excavate and study th..
Give an algorithm that takes n lines as input : Give an algorithm that takes n lines as input and in O(n log n) time returns all of the ones that are visible. Figure 5.10 gives an example
Calculate net income : Presented below are changes in the account balances of Al-Othman Company during the year, except for Retained Earnings. The only entries in Retained Earnings were for net income and dividends. Al-Othman declared dividends of $8,250 and paid divide..
What challenges does such a brand recall rate present : Why was it logical for UPS to have four different marketing approaches? How important is a brand recall rate of 97% to 98% for UPS? What challenges does such a brand recall rate present to competitors?
Management of a product line : You have been asked to take over management of a product line by your Division Manager.  Your Cost model for this product line is C = 50(x) + 59,500, where "x" represents units produced during a particular sales period and "C" represents total Costs.
What is the total materials cost of entire roofing project : How many pounds of 1-inch roofing nails will the job require, and what is the cost? How many 10-foot lengths of drip edge will finish the job, and at what cost? Finally, what is the total materials cost of the entire roofing project?
Amount of the project initial cash flow : The company will also spend $200,000 for a building contractor to expand the size of the showroom. What is the amount of the project's initial cash flow?
What are some of the ethical challenges for businesses : What are some of the ethical challenges for businesses in the 21st century arising out of the advancements in information technology and increased emphasis on globalization, and how are these challenges likely to impact the approaches businesses t..
What real rate of return : Lew's market invested in a project that returned 16.67 percent during a period when inflation averaged 3.26 percent. What real rate of return did Lew's earn on its project?

Reviews

Write a Review

Engineering Mathematics Questions & Answers

  Calculate double integral by transferring polar coordinates

Find the equation of the tangent plane to the surface and find all critical points of the function - calculate the double integral by transferring to polar coordinates

  Outcomes of successive trials in a binomial

What is the probability that a randomly selected customer will spend less than $15 at this store?

  Integer linear programming problem

Consider the following integer linear programming problem

  Question regarding the bottom of the ocean

A helium-filled balloon rises until its density becomes the same as that of the surrounding air. If a sealed submarine begins to sink, will it go all the way to the bottom of the ocean or will it stop when its density becomes the same as that of t..

  Understands hypothesis testing involving a single sample

Explain this result (including the underlying logic of the computations) to a person who understands hypothesis testing involving a single sample and a known population, but knows nothing about t tests.

  Determine the general solution of the differential equation

Use Euler's Method or Euler's improved method, find the particular solution of the differential equation, and By using the separation of variables method, find the particular solution of differential equation.

  Describe the statistical analysis

Describe the statistical analysis. (HINT: This should either be a correlation/regression depending on your research question). What is your IV(s)? What is your DV? What level of measurement are your IV(s) and DV? What is your alpha level?

  Appropriate to use forecasting

Describe a situation where it would be appropriate to use forecasting. Be sure to include all the necessary steps to develop the forecast and why you would use the forecast you chose. Please be thorough and provide enough detail.

  Problems based on the hypothesis testing process.

Do the sample data indicate a significant change in depression (2-tailed test)? Test with alpha = .05, 2-tailed test

  Suppose that the incubation times

The mean incubation time of fertilized chicken eggs keep at 100.5oF in a still-air incubator is 21 days. Suppose that the incubation times are approximately normally distributed with standard deviation of 1 day. If you are taking 400 random sample..

  Determining the proportion of the amount

Suppose Annabelle decides to change her risk-balancing formula by eliminating the restriction that the proportion of the amount she invests s in the index fund to the amount that she invests in the Internet fund must be at least one-third. What wi..

  How many shots should he aim at each target

In a youth contest, Joe will shoot a total of ten shots at four different targets. If Joe wants to maximize his expected number of points, how many shots should he aim at each target?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd