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Q1. A carpet cleaning company considering opening a new facility with estimated fixed costs at 71000$. The average labor, solvent, and machine cost per rug are 100$, 7.5$, and 15.3$, respectively. The expected average price is 400$ per rug. Determine the minimum dollar volume and the minimum number of service needed at this facility to break even.
Q2. What are the main characteristics of JIT? Explain it.
Q3. To increase its production, a company considers three plans: large plant, medium plant, and small plant. Using the following information, compute the expected monetary value (EMV) and determine the best alternative. Large plant profit= $100,000 Large plant loss= $20,000. Medium plant profit= $70,000 Medium plant loss= $20,000 Small plant profit= $50,000 Small plant loss= $10,000 probability of profit=0.5 probability of loss=0.5
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
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