...Operations Research Assignment 1: Merton Truck Company Submitted to Professor Sumit Kumar By Sneh Chandel PGPX 2015-16 Roll No – 1503010 On 27/01/2015 Problem 1 1. (a) The best product mix can be found out by plotting out the corner points of graph obtained to maximize function p = 3000x + 5000y – 8600000 The above function was derived by subtracting cost price of ‘Truck model 101’ & ‘Truck Model 102’ from sales price of ‘Truck model 101’ & ‘Truck Model 102’. Sales price is quoted in text as $39,000 for ‘Model 101’ and $38,000 for ‘Model 102’ Cost Price of truck was obtained from following table: | | | Model 101 | | | Model 102 | Direct Materials | | | $24000 | | | $20000 | Direct Labor | | | | | | | | Engine assembly | 1200 | | | 2400 | | | Metal Stamping | 800 | | | 600 | | | Final Assembly | 2000 | | | 1500 | | Total Direct Labor | | | $4000 | | | $4500 | Overhead | | | | | | | | Engine Assembly | 2525 | | | 4850 | | | Metal stamping | 3480 | | | 3080 | | | Final Assembly | 6200 | | | 3500 | | | | | 12205 | | | 11430 | Total | | | 40205 | | | 35930 | & the below table to calculate the variable overhead for individual trucks: Department | Variable overhead/unit 101 | Variable overhead/unit 102 | Engine assembly | 2100 | 4000 | Metal stamping | 2400 | 2000 | Model 101 Assembly | 3500 | | Model 102 Assembly | | 2500 | Total | 8000 |...
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...| 24000 | 20000 | Direct Labour | Engine assembly | 1200 | 2400 | Metal Stamping | 800 | 600 | Final Assembly | 2000 | 1500 | Total Direct Labour | 4000 | 4500 | Overhead | Engine assembly | 2100 | 4000 | Metal Stamping | 2400 | 3000 | Final Assembly | 3500 | 2500 | Total Overhead | 8000 | 8500 | | Selling Price | 39000 | 38000 | Total Variable Cost | 36000 | 33000 | Contribution Margin per Unit | 3000 | 5000 | | | | Fixed Overhead | Engine assembly | 1700000 | Metal Stamping | 2700000 | Final Assembly | 2700000 | 1500000 | Total Fixed Overhead | 8600000 | Objective is to: To maximise operational profit by optimally producing Model 101 and Model 102 trucks Maximise Profit = 3000 Model 101 + 5000 Model 102 Maximize Profit =? Model 101* units Model 101 + ? Model 102* units Model 102 – Fixed Overheads Subject to constraints: Engine assembly 1(Model 101) + 2 (Model 102) <= 4000 Metal Stamping 2(Model 101) + 2 (Model 102) <= 6000 Model 101 assembly 2(Model 101) + 0 (Model 102) <= 5000 Model 102 assembly 0(Model 101) + 3 (Model 102) <= 4500 Nonnegative Model 101 0(Model 101) >= 0 Non Negative Model 102 0(Model 102) >= 4000 ANSWER REPORT | | | | | | | | Objective Cell (Max) | | | | | | | Cell | Name | Original Value | Final Value | | | | | $D$4 | Objectives Profit | 8000 | 11000000 | | | | | | | | | | |...
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...Doyin Ogunbajo's Ultimate Golf Journal January 2011 Trans # 53 Type Invoice Date 1/2/2011 Num 2 Adj Name Yanov, Tamara Yanov, Tamara Yanov, Tamara Yanov, Tamara State Board of Equ... Memo -MULTIPLE-MULTIPLE-MULTIPLECA Sales Tax Account 1200 · Accounts Re... 4020 · Clothing Sales 1120 · Inventory As... 5000 · Cost of Goo... 2200 · Sales Tax P... Debit Credit 600.54 559.94 80.00 80.00 40.60 680.54 54 Invoice 1/2/2011 3 Costini, Maria Costini, Maria Costini, Maria Costini, Maria Costini, Maria State Board of Equ... Golf Clubs: S... -MULTIPLE-MULTIPLE-MULTIPLECA Sales Tax 1200 · Accounts Re... 4030 · Equipment S... 1120 · Inventory As... 5000 · Cost of Goo... 4010 · Accessory S... 2200 · Sales Tax P... Golf Clubs: ... Golf Clubs: ... Golf Clubs: ... CA Sales Tax 1200 · Accounts Re... 4030 · Equipment S... 1120 · Inventory As... 5000 · Cost of Goo... 2200 · Sales Tax P... Golf Bags -MULTIPLE-MULTIPLEGolf Clubs: Ir... CA Sales Tax 10% Discoun... 1200 · Accounts Re... 4010 · Accessory S... 1120 · Inventory As... 5000 · Cost of Goo... 4030 · Equipment S... 2200 · Sales Tax P... 6130 · Sales Discou... 1,034.64 750.00 362.50 362.50 214.70 69.94 1,397.14 55 Invoice 1/2/2011 4 Hammar, Azar Hammar, Azar Hammar, Azar Hammar, Azar State Board of Equ... Invoice 1/2/2011 5 Palm Springs Scho... Palm Springs Scho... Palm Springs Scho... Palm...
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...Associate Level Material Appendix D Goal Evaluation Matrix Choose five of the scenarios in Appendix C and evaluate the goals according to the SMART criteria. Provide support for your evaluation. | |S |M |A |R |T | |Goal setter and goal |Is the goal specific? |Is the goal measurable? |Is the goal attainable? |Is the goal realistic? |Is the goal timely? | |Jie: |Yes |Yes |Yes |Yes |No | | | | | | | | |Wants to gain 5 lbs in 1 month. |She is tired of being sick and |Her milestone is to gain 1.5 lbs|If she eats more carbs and other|It is something that |It might be hard to lose even 5 | | |wants to become healthy and |a week. If she meets this |foods that will help her gain |realistically could be done if |pounds in a month if it is hard | | |increase her BMI so she is not |criteria she could...
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...Employment Outlook and Salary Guide 2012/13 a tOOl fOr wOrkfOrcE planninG Singapore rEcrUitMEnt i OUtSOUrcinG i cOnSUltinG Contents 4 6 8 11 15 16 18 22 24 26 27 29 Executive Overview Introduction Accounting & Finance Banking & Finance Call Centre Engineering & Technical Healthcare & Life Sciences Human Resources Information Technology Office Support Procurement, Supply Chain & Logistics Sales, Marketing & Advertising kelly Services, inc. (naSDaQ: kElYa, kElYB) is a leader in providing workforce solutions. kelly® offers a comprehensive array of outsourcing and consulting services as well as world-class staffing on a temporary, contract and permanent basis. Serving clients around the globe, kelly provides employment to more than 550,000 employees annually. kelly has been at the forefront of the recruitment industry for over 60 years and has set the industry benchmark with innovative recruitment and retention strategies. we pride ourselves on delivering a high level of customer service and providing the right talent in accordance with our clients’ requirements. all our candidates undergo a stringent screening process to ensure they are the best possible fit for the job. for more than 30 years in Singapore, and with offices across the island, kelly has in-depth experience working with Singapore’s leading companies and delivering the best talent available. kellyservices.com.sg All rights reserved. No part of this book may be reproduced or transmitted...
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...FINC 5000 Homework Assignment for Week 1 Click Link Below To Buy: http://hwcampus.com/shop/finc-5000-homework-assignment-for-week-1/ For Week 1, please turn in the answers to the following questions: Chapter 1: 1. Describe the field of finance. How is it different from the field of accounting? 2. What are the three forms of business generally encountered in the US? What are the main defining characteristics of each? 3. What should be the basic financial goal of a business? 4. In the context of a corporation seeking to maximize the wealth of its owners, how is “wealth” defined? 5. What are the three broad factors that influence the market price of a corporation’s stock? 6. Name three ways in which businesses can raise money from external sources when they need it for expansion or project funding. Chapter 2: 7. What is the purpose of a balance sheet? What are some examples of typical balance sheet accounts? 8. What is the purpose of an income statement? What are some examples of typical income statement accounts? 9. What is the purpose of a statement of cash flows? What are some examples of typical statement of cash flow accounts? 10. a. What are “Free Cash Flows (FCF)?” b. What is “NOPAT?” 11. What was Joe’s average, or effective tax rate in 2014? 12. What was Joe’s NOPAT in 2014? 13. What was Joe’s Free Cash Flow (FCF) in 2014? (Note: For this...
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...FINC 5000 Homework Assignment for Week 1 Click Link Below To Buy: http://hwcampus.com/shop/finc-5000-homework-assignment-for-week-1/ For Week 1, please turn in the answers to the following questions: Chapter 1: 1. Describe the field of finance. How is it different from the field of accounting? 2. What are the three forms of business generally encountered in the US? What are the main defining characteristics of each? 3. What should be the basic financial goal of a business? 4. In the context of a corporation seeking to maximize the wealth of its owners, how is “wealth” defined? 5. What are the three broad factors that influence the market price of a corporation’s stock? 6. Name three ways in which businesses can raise money from external sources when they need it for expansion or project funding. Chapter 2: 7. What is the purpose of a balance sheet? What are some examples of typical balance sheet accounts? 8. What is the purpose of an income statement? What are some examples of typical income statement accounts? 9. What is the purpose of a statement of cash flows? What are some examples of typical statement of cash flow accounts? 10. a. What are “Free Cash Flows (FCF)?” b. What is “NOPAT?” 11. What was Joe’s average, or effective tax rate in 2014? 12. What was Joe’s NOPAT in 2014? 13. What was Joe’s Free Cash Flow (FCF) in 2014? (Note: For this...
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...Financial concepts are greatly important when determine which would be the best method to use for the firm or personal use. Some financial concepts are time value of money, risk and return, and interest rates. The activity of the assignment is to determine which options are best for the individual if the individual were given three alternatives of his or her inheritance; taking the $5,000 now, $1,000 for the next eight years, or taking a $12,000 at the end of the eight years. Assume that the individual can earn 11 percent interest annually. First, determine which what formulas will need to apply based on the way cash is being received. Perform the necessary calculations and determine which inheritance alternative would be best and why? Second, would he or she decision be different if he or she can earn interest at 12 percent? Without a proper calculation of the funds, decisions can be misconception. Receiving $5,000 cash now sound great and then invest for eight eights with 11 percent interest for the eight years. On the other hand, receiving $1,000 for the next eight years seems to be a little long and the amount is not that amazing but that $1,000 can be as large by the end of the eight years because the interest received increase each year—higher deposit at year two. For example, at year one, he or she invests $1,000 times that by the 11 percents interest rate will equal to $1,110 for the first year. For the second years, the interest will be calculate base...
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...FIN515 Homework Week # 3 Brian Jack D01609334 Managerial Finance briancjack@hotmail.com 03-23-2014 Professor: Paul Tovbin Chapter 5 29. Suppose the term structure of risk-free interest rates is as shown below: Top of Form |Term |1 year | |Treasury |3.1 | |AAA corporate |3.2 | |BBB corporate |4.2 | |B corporate |4.9 | • a. What is the price (expressed as a percentage of the face value) of a one-year, zero-coupon corporate bond with a AAA rating? • b. What is the credit spread on AAA-rated corporate bonds? • c. What is the credit spread on B-rated corporate bonds? • d. How does the credit spread change with the bond rating? Why? 30. HMK Enterprises would like to raise $10 million to invest in capital expenditures. The company plans to issue five-year bonds with a face value of $1000 and a coupon rate of 6.5% (annual payments). The following table summarizes the yield to maturity for five-year (annual-pay) coupon corporate...
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...Introduction to Finance - 1 Instructor: Kevin Higgins Class Discussion Week 1 1-12-2015 Now that the basics of the financial planning process are clear, you are ready to learn the basic principles of the time value of money. Creating a financial plan is essential for proper financial planning. The following exercises will assist you in understanding the concept of time value of money. Download and complete this worksheet for problem 2 below which is taken from the Do the Math exercises on pages 30-31 of your textbook. Do the Math Problem #2: Present and Future Values. Rachael Berry, a freshman horticulture major at the University of Minnesota, has some financial questions for the next three years of school and beyond. (a) If Rachael’s tuition, fees, and expenditures for books this year total $12,000, what will they be during her senior year (three years from now), assuming costs rise 4 percent annually? Use Appendix A-1 on page A-4 of your textbook. (b) Rachael is applying for a scholarship currently valued at $5000. If she is awarded it at the end of the next year, how much is the scholarship worth in today's dollars, assuming inflation of 3 percent? Use Appendix A-2 on page A-6 of your textbook. (c) Rachael is already looking ahead to graduation and a job, and she wants to buy a new car not long after her graduation. If after graduation she begins an investment program of $2,400 per year in an investment yielding 6 percent, what will be the value of the...
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...Celester Reliford Week 5 Individual Assignment Chapter 20 Basic Finance Problem 1. A firm has 10,000 in assets entirely financed with equity. Firm B also has $10,000 in assets, but these assets are financed by $5,000 of debt (with a 10% rate of interest), and $5,000 of equity. Both firms sell 10,000 units of output at $2.50 per unit. The variable cost of production are $1, and fixed production cost are $12,000. Assume there is no income tax. What is the operating income (EBIT) for both firms? What are the earnings after interest? If sales increase 10% to 11,000 units, by what percentage will each firm’s earnings after interest increase? To answer the question, determine the earnings after taxes and compute the percentage increase in these earnings from the answers you derived from in part b? Why are the percentage changes different? ANSWERS: a. Sales = 10,000 x $2.50 = $25,000 less variable cost = 10,000 x $1 = $10,000 the less fixed cost 12000 = EBIT = $3,000 b. Firm A interest is zero; Earnings after interest is $3,000.00 Firm B IBIT is $3,000.00 less interest on debt $5,000 x 10% = 500 equals earnings after interest = $2,500. c. EBIT = 4,500 Firm A Interest = $0 Earnings after interest = $4,500 Percent increase = (4500-3000) / 3000 x 100% = 50% Firm B IBIT = $4,500 Less interest = $5000 x 10% = $500 = Earnings after interest = $4,000 percent increase = (4000 – 2500) / 2500 x 100% = 60% d. Firm B has lower earnings after...
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...FINAL EXAM ON FINANCIAL MANAGEMENT KAREN GATMEN - MBA-TEP Section 2 Dr. Josefina Dalandan ANSWER: 1. Yes , there is Opportunity Cost . By definition - The cost of an alternative that must be forgone in order to pursue a certain action. Put another way, the benefits you could have received by taking an alternative action. In this scenario the decision of getting Bert as the supplier which offers a savings of 600.00 without any guarantee of quality and timeliness of delivery over Juan’s assurance of quality and timely delivery. The choice is made and we can surmised that COST matters and quality is sacrificed it’s because of how one person values is influenced in our decision . 2. Implications of Frequent Interest Payment . Assume that I invested P5,000.00 @ 12% per annum. Assumption : | | Rate | 12% | | | Investment | 3,000.00 | | | | | a. Annually | | FV = 3,000 (1+0.12)^1 | is | | 3,360.00 | | | | | | b. Semi annually | | FV = 3,000 (1+0.06)^2 | is | | 3,370.80 | | | | | | c. Quarterly | | FV = 10,000 (1+0.3)^4 | is | | 3,376.00 | | | | | | d. Monthly | | FV = 10,000 (1+0.01)^12 | is | | 3380,47 | | The implication is that the more frequently the interest is paid the higher it gets. 3. Time Value of Money – the future value is P10,490.02 | deposit | withdraw...
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...already. Been accepted m both of these program and could start either one soon. One alternative that Natasha is considering is attaining a certification in network design. This certification would automatically promote her to a Tier 3 field service representative in her company. The base salary for a Tier 3 representative is $. 10,000 more than what she currently earns end she anticipate that this salary differential will grow at a rate of 3% a year as long as she keeps working. The certification program requires the completion of 20 Web-based courses and a score of 80% or better on an exam at the end of the muse work. She has learned that the average amount of time necessary to finish the program is one year. The total cost of the program is $5000, due when she enrolls in the program. Because she will do all the work for the certification on her own time, Natasha does not except to lose any income during the certification. Another option is going...
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...[pic] [pic] [pic] [pic] PROJECT ON TREASURY & FOREX MANAGEMENT Submitted by, Ms. Madhuri C. Kadam Master of Management Studies (MMS) JANKIDEVI BAJAJ INSTITUTE OF MANAGEMENT STUDIES (JDBIMS) Acknowledgement I take immense pleasure in acknowledging the efforts that have gone behind making this project a successful & a learning experience for me. I would like to express my sincere gratitude to Mr. M.G. Pendse (General Manager- Finance) & Mr. J.G. Nair (Chief Manager- Finance) for having given me an opportunity to work on the summer project in Mazagon Dock Limited. They have always encouraged me to strive for the better and their continuous support, suggestions and remarks have been invaluable to me during the course of this project I would also like to thanks Mr. Ashok Mishra (Deputy Manager- Treasury Section), & all the officers as well as staff members of Mazagon Dock Limited that I worked, for their valuable help. And last but not the least I would like to thank my family and friends for constant backing and support. The faith that they showed in me, enabled to prove myself mettle and strive for the best. INDEX |SR. NO. |PARTICULARS |PAGE NO. | | | | | |1. |Executive summary ...
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...In recent years especially with the financial crisis, a number of countries have found themselves needing a bail out of some sort. From the PIGS of Europe to South Asia and Africa. What all these countries have/had in common was the need for funds to facilitate a bailout of their faltering economies especially the banking sector. Like the countries that need a bail LDC always need money to finance their debt and pay off any interest especially in time of uncertainty. The purpose of this paper is to present a way for such countries to meet their financial needs and to protect their banking sectors. Unlike businesses or corporations, countries have access to natural resources which can be got and sold on the world market for a profit. Some countries even have an immediate market for their minerals like oil and gold. Almost all LDCs and a number of the other countries that needed bail out funds, have these resources that can be sold for profit. However in a situation where quick funds are needed, selling these resources would take a considerably long period of time which is not available at that instance. This can be remedied by the sell of long term covered call options on the resources of the different countries that need the funds. An options strategy is when an investor holds a long position (owns the asset: in our case mineral) in an asset and writes (sells) call options on that same asset in an attempt to generate increased income from the asset. This strategy is often...
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