interested in optimal inventory policies for widgets. The EOQ formula uses four variables. They are: D: Q: C: h: The demand for widgets in quantity per unit time. Demand can be thought of as a rate. The order quantity. This is the variable we want to optimize. All the other variables are fixed quantities. The order cost. This is the flat fee charged for making any order and is independent of Q. Holding costs per widget per unit time. If we store x widgets for one unit of time‚ it costs us x@h
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experience. Harvesting the power of new media tools‚ Mandee is leaving it up to the consumer to get personal. Mandee has managed to find ways of reaching their customers at every channel—mobile‚ in store‚ online and via multiple social networks. By using widgets‚ Mandee creates multiple surveys which plug into all of their social network pages (Facebook‚ MySpace‚ Twitter‚ MyYearbook‚ etc)‚ to find out about customer preferences‚ such as favorite color to wear for spring and what world issue customers are
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While auditing my client‚ I found that the price the company has been paying for their widgets doubled in a year’s time. In addition‚ they are now being purchased entirely from a new vendor. After I check the fair market price for these widgets‚ however‚ it appears that they are only worth half of what the company is paying. This is one of the red flags for fraud. As an auditor it is my job to ensure to the best of my ability that the financial statements are not materially misstated due to fraud
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The company´s history Zu1. Arthur Guinness the founder of the Guinness Company was born in Celbridge in 1725. His father Richard had an own brewery and brew beer for workers. He taught his son in the art of brewing and bought him at least a little brewery in Leixlip. Zu 2. At the age of 34 Arthur leased a disused brewery in Dublin at St. James´s Gate. Within 2 years he married Olivia Witmore a wealthy‚ well connected young lady in Dublin society. With Olivia he had 21 children of which
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Consider the following demand schedule for widgets: price ($ per widget) Quantity (# per month) 2 100 4 85 6 70 8 40 10 5 What is the price elasticity of demand for widgets between $8 and $10? . What is
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D. E. (2009). Accounting: Tools for business decision making (3rd ed.). Hoboken‚ NJ: John Wiley & Sons Week 4 Discussion Question 1 Imagine Widgets Airlines‚ Inc. operates 18-seat commercial flights between New York City and Washington‚ DC. After 10 seats have been sold on each aircraft‚ the company has reached the break-even point. Should Widgets consider offering a discounted fare for seats 11 through 18? What are the advantages and disadvantages of not offering a discount on seats 11 through
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Week 2 Individual Assignment Brian Blackwell RES/320 December 17‚ 2012 Kerry Jones Week 2 Individual Assignment Chapter 5 Discussion Questions 2 and 3. Question 2: Define the distinctions between primary‚ secondary‚ and tertiary sources in a secondary search. Primary sources are data that has not been interpreted and are the original research performed. These sources are from the source of the information. The data given from a primary source has not been translated into information
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the Independent and Dependent Variables tutorial‚ located at http://www.sophia.org/tutorials/independent-and-dependent-variables--3. Option 1 Note: The following is a regression equation. Standard errors are in parentheses for the demand for widgets. QD = - 5200 - 42P + 20PX + 5.2I + .20A + .25M (2.002) (17.5) (6.2) (2.5) (0.09) (0.21) Your supervisor has asked you to compute the elasticities for each independent variable. Assume the following values for the independent
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Juniper is a current enhancement of a widget that Piper Industries is expanding on. The risk completion is low and the critical path is estimated at 6 months with a cost of $325‚000 to bring the product to market. ROI for this project is $250‚000 for a period of 2 to 3 years with the third year forecasted to be the end of life due to advances in projected technology. Customer demand for this product is believed to be high. Project Palomino is a new line widget using existing technology with a medium
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Individual HW2 Name: 8-1 Widget Market The widget market is competitive and includes no transaction costs. Five suppliers are willing to sell one widget at the following prices: $30‚ $29‚ $20‚ $16‚ and $12. Five buyers are willing to buy one widget at the following prices: $10‚ $12‚ $20‚ $24‚ and $29. What is the equilibrium price and quantity in this market? Equilibrium price is $20 and the quantity is 3 units. 8-4 Candy Bars Market a. In the accompanying diagram (which represents the
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