Business and Finance Homework

Need Finance Homework Help? Ask an Expert

Ask an Expert,

Get an Answer ASAP!

Customer Question

DUE IN EXCEL, SAME LEVEL...

DUE IN EXCEL, SAME LEVEL OF DEPTH AND AT DUE THURSDAY @9PM

1. The postal employee scheduling example is called a static scheduling model because we assume that the post office faces the same situation each week. In reality, demands change over time, workers take vacations in the summer, and so on, so the post office does not face the same situation each week. A dynamic scheduling model (not covered) is necessary for such problems.

2. In the Barney-Jones investment model, increase the maximum amount allowed in any investment to $150,000. Then run a one-way sensitivity analysis to the money market rate in cash. Capture one output variable: the maximum amount of cash ever put in the money market. You can choose any reasonable range for varying the money market rate.

3. A bus company believes that it will need the following numbers of bus drivers during each of the next five years: 60 drivers in year 1; 70 drivers in year 2; 50 drivers in year 3; 65 drivers in year 4; 75 drivers in year 5. At the beginning of each year; the bus company must decide how many drivers to hire or fire. It costs It costs $4000 to hire a driver and $2000 to fire a driver. A driver’s salary is $10,000 per year. At the beginning of year 1, the company has 50 drivers. A driver hired at the beginning of a year can be used to meet the current year’s requirement and is paid full salary for the current year.

a. Determine how to minimize the bus company’s salary, hiring, and firing costs over the next five years.

b. Use SolverTable to determine how the total number hired, total number fired, and total cost change as the unit hiring and firing costs each increase by the same percentage.

4. During each four-hour period, the Smalltown police force requires the following number of on-duty police officers: eight from midnight to 4AM; seven from 4AMto 8AM; six from 8AMto noon; six from noon to 4PM; five from 4PM to 8PM; and four from 8PM to midnight. Each police officer works two consecutive four-hour shifts.

a. Determine how to minimize the number of police officers needed to meet Smalltown’s daily requirements.

b. Use Solvertable to see how the number of police officers changes as the number of officers needed from midnight to 4AM changes.

5. A chemical company produces three products, A,B,and C, and can sell these products in unlimited quantities at the following unit prices: A, $10; B, $55; C,$100. Producing a unit of A requires one hour of labor; a unit of B, two hours of labor plus two units of A; and a unit of C, three hours of labor plus one unit of B. Any A that is used to produce B cannot be sold. Similarly, any B that is used to produce C cannot be sold. A total of 4000 hours of labor is available. Only as many as 500 units of product C can be sold. Determine how to maximize the company’s revenue?

6. Sunblessed Juice Company sells bags of oranges and cartons of orange juice. Sunblessed grades oranges on a scale of 1 (poor) to 10 (excellent). At present, Sunblessed has 100,000 pounds of grade 9 oranges and 120,000 pounds of grade 6 oranges on hands. The average quality of oranges sold in bags must be at least 7, and the average quality of oranges used to produce orange juice must be 8. Each pound of oranges that is used for juice yields a revenue of $1.50 and incurs a variable cost (consisting of labor costs, variable overhead costs, inventory costs, and so on) of $1.05. Each pound of oranges sold in bags yields a revenue of $1.50 and incurs a variable cost of $0.70.

a. Determine how Sunblessed can maximize its profit.

b. Use SolverTable to determine how a change in the cost per bag of oranges changes the optimal solution.

c. Use SolverTable to determine how a change in the amount of grade 9 oranges available affects the optimal solution.

d. Use SolverTable to determine how a change in the required average quality required for juice changes the optimal solution.

1. The postal employee scheduling example is called a static scheduling model because we assume that the post office faces the same situation each week. In reality, demands change over time, workers take vacations in the summer, and so on, so the post office does not face the same situation each week. A dynamic scheduling model (not covered) is necessary for such problems.

2. In the Barney-Jones investment model, increase the maximum amount allowed in any investment to $150,000. Then run a one-way sensitivity analysis to the money market rate in cash. Capture one output variable: the maximum amount of cash ever put in the money market. You can choose any reasonable range for varying the money market rate.

3. A bus company believes that it will need the following numbers of bus drivers during each of the next five years: 60 drivers in year 1; 70 drivers in year 2; 50 drivers in year 3; 65 drivers in year 4; 75 drivers in year 5. At the beginning of each year; the bus company must decide how many drivers to hire or fire. It costs It costs $4000 to hire a driver and $2000 to fire a driver. A driver’s salary is $10,000 per year. At the beginning of year 1, the company has 50 drivers. A driver hired at the beginning of a year can be used to meet the current year’s requirement and is paid full salary for the current year.

a. Determine how to minimize the bus company’s salary, hiring, and firing costs over the next five years.

b. Use SolverTable to determine how the total number hired, total number fired, and total cost change as the unit hiring and firing costs each increase by the same percentage.

4. During each four-hour period, the Smalltown police force requires the following number of on-duty police officers: eight from midnight to 4AM; seven from 4AMto 8AM; six from 8AMto noon; six from noon to 4PM; five from 4PM to 8PM; and four from 8PM to midnight. Each police officer works two consecutive four-hour shifts.

a. Determine how to minimize the number of police officers needed to meet Smalltown’s daily requirements.

b. Use Solvertable to see how the number of police officers changes as the number of officers needed from midnight to 4AM changes.

5. A chemical company produces three products, A,B,and C, and can sell these products in unlimited quantities at the following unit prices: A, $10; B, $55; C,$100. Producing a unit of A requires one hour of labor; a unit of B, two hours of labor plus two units of A; and a unit of C, three hours of labor plus one unit of B. Any A that is used to produce B cannot be sold. Similarly, any B that is used to produce C cannot be sold. A total of 4000 hours of labor is available. Only as many as 500 units of product C can be sold. Determine how to maximize the company’s revenue?

6. Sunblessed Juice Company sells bags of oranges and cartons of orange juice. Sunblessed grades oranges on a scale of 1 (poor) to 10 (excellent). At present, Sunblessed has 100,000 pounds of grade 9 oranges and 120,000 pounds of grade 6 oranges on hands. The average quality of oranges sold in bags must be at least 7, and the average quality of oranges used to produce orange juice must be 8. Each pound of oranges that is used for juice yields a revenue of $1.50 and incurs a variable cost (consisting of labor costs, variable overhead costs, inventory costs, and so on) of $1.05. Each pound of oranges sold in bags yields a revenue of $1.50 and incurs a variable cost of $0.70.

a. Determine how Sunblessed can maximize its profit.

b. Use SolverTable to determine how a change in the cost per bag of oranges changes the optimal solution.

c. Use SolverTable to determine how a change in the amount of grade 9 oranges available affects the optimal solution.

d. Use SolverTable to determine how a change in the required average quality required for juice changes the optimal solution.

Show More

Show Less

Was this answer helpful?

A new question is answered every 9 seconds

How JustAnswer works:

- Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
- Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
- 100% Satisfaction GuaranteeRate the answer you receive.

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.

JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.

Web sites like justanswer.com/legal

...leave nothing to chance.

...leave nothing to chance.

Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.

Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.

I will tell you that...the things you have to go through to be an Expert are quite rigorous.

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

Los Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

Hesperia, CA

I couldn't be more satisfied! This is the site I will always come to when I need a second opinion.

Kernersville, NC

Just let me say that this encounter has been entirely professional and most helpful. I liked that I could ask additional questions and get answered in a very short turn around.

Woodstock, NY

Thank you so much for taking your time and knowledge to support my concerns. Not only did you answer my questions, you even took it a step further with replying with more pertinent information I needed to know.

Elkton, Maryland

He answered my question promptly and gave me accurate, detailed information. If all of your experts are half as good, you have a great thing going here.

Dallas, TX

< Previous | Next >

linda_us

Master's Degree

852 satisfied customers

A tutor for Business, Finance, Accounts and other related topics.

F. Naz

Bachelor's Degree

5,408 satisfied customers

Have completed B.COM and CA Finalist

Bizhelp

Accountant

260 satisfied customers

BA degree and Certified Public Accountant

214 satisfied customers

dasdasd

Mr. Gregory White

Master's Degree

211 satisfied customers

M.A., M.S. Education / Educational Administration

Brittany

Professional

30 satisfied customers

AA/Accounting BS/Business

Dimitry K., Esq.

Doctoral Degree

19 satisfied customers

JD/MBA, Business Attorney

< Previous | Next >

Related Business and Finance Homework Questions

Senior executives, in companies with annual revenues of

Senior executives, in companies with annual revenues of 100M+, how are you currently handling your institutional knowledge transfer / management?… read more

Which of the following is not a trust or estate exempted

Which of the following is not a trust or estate exempted from the application of the net investment income tax under IRC Section 1411? purely charitable trusts decedent's estate qualified retirement p… read more

A grantor trust uses the alternative reporting method

A grantor trust uses the alternative reporting method whereby the grantor's TIN is provided to reporting entities rather than the TIN of the trust. The grantor provides a completed Form #W-9 to the tr… read more

Account A and each start out with $400. If Account A earns

Account A and B each start out with $400. If Account A earns $45 each year and Account B earns 5% of its value each year, when will Account B have more money than Account A?… read more

I need a help with an accounting assignment. I need help

Hello, I need a help with an accounting assignment. … read more

An investor has two bonds in his portfolio that have a face

An investor has two bonds in his portfolio that have a face value of $1,000 and pay a 8% annual coupon. Bond L matures in 19 years, while Bond S matures in 1 year.Assume that only one more interest payment is to be made on Bond S at its maturity and that 19 more payments are to be made on Bond L.What will the value of the Bond L be if the going interest rate is 5%? Round your answer to the nearest cent. $ 1000What will the value of the Bond S be if the going interest rate is 5%? Round your answer to the nearest cent. $ … read more

Suzanne works for a private parcel delivery company called

Suzanne works for a private parcel delivery company called F.P.S Inc. Her job requires her to drive around and deliver packages to people's homes. Often times, she has to climb stairs to access a pers… read more

Harriet Knox, Patton, and Marcia Diamond work for a family

Harriet Knox, Ralph Patton, and Marcia Diamond work for a family physician, Dr. Conrad who is in private practice. Dr. Conrad is knowledgeable about office management practices and has segregated the … read more

I have a business excel question that is due on Saturday the

Hi I have a business excel question that is due on Saturday the 10th, and I am kindly asking for your expertise.Thanks… read more

Danby guaranteed that the Osteopathic Association would

Danby guaranteed that the Osteopathic Association would receive credit for bank loans totaling $55,000. The Association, a charity, was using the funds to build a hospital. After the hospital had used… read more

Mr Naz, How have you been doing? I have worked with you

Hi Mr Naz, How have you been doing? I have worked with you before and I know your is outstanding. I have a few statistic excel questions I need your help with. They are 3 with 10 questions each. I gre… read more

I need help with Comprehensive problem 1, period 2: The

I need help with Comprehensive problem 1, period 2: The accounting cycle. I have completed the general ledger and am now doing adjusting entries. I have a document with the problem on it.… read more

I've got an Operations Forecasting assignment I'd like you

**. ***** I've got an Operations Forecasting assignment I'd like you to take a look at if you're available.… read more

Is the sole proprietor of a successful small business and

Anna is the sole proprietor of a successful small business and she is looking to expand. Anna also holds stock in "x" corporation and could take a distribution from the corporation in order to fund th… read more

It's not a tax question. I need to calculate NPV, and IRR

Hi, it's not a tax question. I need to calculate NPV, and IRR for a company that initially invested $50,000 and yields the following cash flows Year 1 - 10,000 … read more

I see that you have done both the Purchase Point and Moto

Hello - I see that you have done both the Purchase Point and Moto Mart cases. I'd like to get both of those so I can compare to my own work. Can you let me know the cost? Thank you… read more

Your client is 20 years old; and she wants to begin saving

Your client is 20 years old; and she wants to begin saving for retirement, with the first payment to come one year from now. She can save $10,000 per year; and you advise her to invest it in the stock… read more

I have a question regarding a Business Marketing paper I

I have a question regarding a Business Marketing paper I need assistance with. It is about 4-8 pages in length.… read more

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.