The management of Brinkley Corporation is interested in using simulation to estimate the profit per unit for a new product. The selling price for the product will be $45 per unit. Probability distributions for the purchase cost, the labor cost, and the transportation cost are estimated as follows:
Procurement
Cost ($) Probability Labor Cost ($) Probability Transportation
Cost ($) Probability
10 0.25 20 0.1 3 0.75
11 0.45 22 0.25 5 0.25
12 0.3 24 0.35 25 0.3 (a) Compute profit per unit for base-case, worst-case, and best-case.
Profit per unit for base-case: $
Profit per unit for worst-case: $
Profit per unit for best-case:$
(b) Construct a simulation model to estimate the mean profit per unit.
If required, round your answer to the nearest cent.
Mean profit per unit =
(c) Why is the simulation approach to risk analysis preferable to generating a variety of what-if scenarios?
(d) Management believes that the project may not be sustainable if the profit per unit is less than $5. Use simulation to estimate the probability the profit per unit will be less than $5.
If required, round your answer to a one decimal digit percentage.

Answers

Answer 1

The calculated profit per unit for base-case, worst-case is, and best-case for the management of Brinkley corporation is:

$7$3 per unit$3 per unit

The Profit per unit for base-case:

45 - 1 1- 24 - 3 = $7

Profit per unit for worst case:

45 - 12 - 25 - 3 = $3 per unit

Profit per unit for best case:

45 - 10 - 20 - 3 = 12$ per unit

b. The mean profit per unit is given as $7.05

c. The reason the simulation approach is preferable is due to the fact that it can help to determine the probability of profit as a particular amount, unlike the what-if scenario analysis.

It can also create different scenarios for possible resources.

d. The probability of the fact that the profit per unit woul  be less than 5 is 9%

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Related Questions

Cash Received from Customers—Direct Method

Sales reported on the income statement were $225,000. The accounts receivable balance decreased $14,300 over the year.

Determine the amount of cash received from customers.

Answers

Based on the sales figure and the change in the accounts receivable balance, the amount of cash received from customers was $14,300.

What was the amount of cash received?

The accounts receivable balance refers to the amount that customers owe to the company.

This means that if the accounts receivable balance decreases by the certain amount, it would be because that amount was paid by the customers who owe the business.

The cash paid is therefore the amount of $14,300 which the balance reduced by.

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What factor has the biggest impact on a credit score?

Answers

Answer:

Probrably how often you've been in debt or how much money you owe to someone or how many loans you've taken

Urgent mail
Messages may appear on the Home Screen of the lottery terminal at any time true or false

Answers

The urgent mail messages do not appear on the Home Screen of the lottery terminal at any time.

What do you mean by mail message?

An email message refers to the text that may be formal or informal is received or sent over a network.

The mail messages that appear on the home screen are shown as pop-ups. Frequent pop-ups may disturb the user with frequent pop-ups. The user can read the messages by clicking on those pop-ups and also mark them as unread if he wants to check some messages later on.

Therefore, the above statement is false.

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Which of these agencies would assist in addressing the issue of global
warming?
O A. Small Business Administration
O B. Environmental Protection Agency
O C. U.S. International Trade Commission
O D. Export-Import Banks

Answers

B. Environmental Protection Agency

I'll just give you the points lol

Examine three credit card applications and complete the following table comparing their features.

Answers

Answer:

i hope this is what you are looking for

Social Security number.

Income.

Date of birth.

Security questions.

Contact information.

A promise to tell the truth.

Agreement to terms and conditions.

Authorized users.

Answer:

Interest Rate 17.50% 10.99%–22.99% 11.99%–20.99%

Annual Fee $29 $0 $0

Late Fee $20 (max) $35 (max) $38 (max)

Grace Period 25 days 20 days 24 days

Special Benefits none cash back none

Explanation: Edmentum Answer

Which of the following is an example of an external compliance requirement?
A. Proper disposal of hazardous materials within a hospital
B. Placing company contact information on product labels
C. Supplying every donor with a financial statement
O D. Providing every customer in a store with a receipt of purchase

Answers

Answer:

a

Explanation:proper disposal of hazardous material in a hospital

I’m which type of economy does the government direct the production and prices of goods

Answers

Command economy!

A command economy is an economic system where the government has control over the production and pricing of goods and services.

Please answer number 3 will mark BRAINLIST

Answers

Answer:b or d probably b

Explanation:

Reasoning

Fidelity bonds insure
O A. employers
O B. marine vessels
O C. automobile drivers
O D. employees

Answers

Answer:

D

Explanation:

employees

How should you follow up an interview? What
questions should you ask? (Check all that
apply)

A)You don't need to worry about following up an
interview.

B) Find out who is involved in the hiring process.

C) Clarify the hiring timeline.

D) Ask about the hiring process.

Answers

Answer: C and D, it might also be B but that depends on how strict the company is and if they're recording your interview or not.

Explanation:

Using the expenditure approach, the Real GDP of a given economy was calculated as 250 million dollars in 2019. In 2020, the economy experienced the following:

An increase of 20 million dollars in consumption.
A decrease of 5 million dollars in investment.
An increase of 10 million dollars in government spending.
The value of all exports decreased by 5 million dollars.
The value of all imports increased 15 million dollars.
What is the Real GDP of the given economy in 2020?

Options:
255 million dollars
295 million dollars
270 million dollars
235 million dollars

Answers

The Real GDP of the economy given the real GDP in 2019 and the changes in the components of GDP in 2020 is $255 million.

What is the Real GDP of the given economy in 2020?

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year. Real GDP is GDP that has been adjusted for inflation.

Real GDP calculated using the expenditure approach = Consumption spending + Investment spending + Government spending + export - import

Real GDP IN 2020 = GDP in 2019 + change in GDP

= 250 million + (20 - 5 + 10 - 5 - 15)

250 million + 5 million = $255 million

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Answer: 255 million dollars

Hope this helps :)

True or False: The price elasticity of demand measure is generally stated as an absolute value.

Answers

Answer:

True

I hope this helps you

:)

You have been depositing money into an account yearly based on the following investment amounts, rates and times, what is the value of that investment account at the end of that period?

Answers

Answer:

Your mother gives you $100 cash for a birthday present, and says, “Spend it wisely.” You want to purchase the latest cellular telephone on the market but wonder if this is really the best use of your money. You have a choice: You can spend the money now or spend it in the future. What should you do? Is there a benefit to spending it now as opposed to saving for later use? Does time have an impact on the value of your money in the future? Businesses are confronted with these questions and more when deciding how to allocate investment money. A major factor that affects their investment decisions is the concept of the time value of money.

Explanation:

I hope help you and thanks for heart and rate my answer

A good will have a more inelastic demand,
a. the greater the availability of close substitutes.
b. the broader the definition of the market.
c. the longer the period of time.
d. the more it is regarded as a luxury.

Answers

The answer is A I think more than likely

1. Cash flows from __________ activities are the cash flows from transactions that affect the net income of a company.

a. operating
b. investing
c. financing
d. purchasing

Answers

The answer is a. operating

Have you ever used social media to ask questions about a product or to criticize or compliment a company? Describe what happened and how it made you feel about the company.

Answers

Woah is me woah is me cursed cheesecake

which is not a part of the communication process?
A.) Feedback
B.) Repeating
C.) Sender
D.) Receiver

Answers

Answer should be D

Sorry if wrong

People who don’t work at all do not affect the economy. True False?

Answers

Explanation:

People who don’t work at all do not affect the economy

B) it's False

a deed often used to clear up cloud on title is

Answers

quitclaim deed is the answer

According to the video, what are some challenges faced by Advertising and Promotions Managers? Check all that apply

angry customers
cost of ads
long hours
stressful deadlines

Answers

Answer:

long hours

stressful deadlines

Explanation:

mhm

Long hours and stressful deadlines are some challenges faced by Advertising and Promotions Managers. Thus, option C and D are correct.

What do advertising managers do?

Advertising managers oversee a company's advertising initiatives and work with staff to create innovative, dependable brand-specific advertising campaigns. They set project goals, collaborate with other personnel, oversee them, and monitor a project's progress and results. A manager of advertising generates interest among potential customers for a department, for the entire company, or for a specific project (account).

They work for media companies that offer advertising time or space, advertising agencies that create advertising campaigns for customers, and widely advertised companies. To come up with ideas for an advertising campaign, they work with sales employees and others, and they also manage the team that creates the advertising. Additionally, they meet with the finance division to create a budget and cost estimate.

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FEP® claims are submitted to local plans that serve the place where the patient was seen, also called a:

a. place of service
b. service location
c. service area
d. site of service

Answers

Answer:

service location

Explanation:

The place where the patient was seen is important and as much accurate it is that much good that is .

Service area is less accurate but derive location is most accurate among these

So option B is correct

I’m going for a career in journalism what does journalism have you do

Answers

Inform or present information meaning facts or ideas

If you were interested in starting your own business and becoming an entrepreneur, what might your career path look like? Explain.

Answers

I would start by a vision board , i would go from there start off small with my business like how as kids we would do lemonade stands in the neighborhood yea i would atart off my business small n then over time it will expand

PLEASE HELP WILL MARK BRAINLIST

Answers

A they earn a higher salary

The knowledge and skills of people increase.

12.) A hypothetical condition would be employed in an assignment to

Answers

Answer:

n an appraisal assignment, a hypothetical condition is used when a property is appraised under a condition that is contrary to what is known by the appraiser to exist on the effective date of the assignment results.

Explanation:

Based on the information provided below, what is the company's creditors turnover period?
Opening inventory
Closing inventory
Cost of sales
Payables
$
11,000
9,500
38.000
6,200

Answers

Answer:

its cost 700 dollar bc it need sale and pay able

Why is it important to begin saving for retirement as soon as you get your first full-time job? Why not wait until you're older?

Answers

Answer:

as you get older you will find it harder to find a job, it also helps so you aren't dying once you reach the age of retirement

Explanation:

What two types of debt are most common for Millennials? How does this compare to Baby Boomers and Generation X?

Answers

The two types of debt that are common in millennials is credit card debt and loan debt.

This can be compare to baby boomers and generation x because about 60% of millennials in debt are student loans, while about 43% of debt are Gen Xers and roughly 18% of debt are baby boomers.

What is debt?

Debt refer to an amount of money or things that is borrowed by someone from another person.

Debt is something a person owed.

Credit card debt refer to when a client use his card system to borrowed money or purchased something he did not pay for.

Loan debt is the amount of money owed by a student.

Therefore, The two types of debt that are common in millennials is credit card debt and loan debt.

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In human relations negotiations is also called?

Answers

Answer:

top-level management

Explanation:

i did the work

How much must be invested now to receive $28,000 for 11 years if the first $28,000 is received one year from now and the rate is 8%? Round your present value factor to three decimal places and final answer to the nearest dollar.

Answers

The amount of $12,000 is required to be invested today in order to receive $28,000 after 11 years of 8 %.

What is an investment?

Investment is an amount made by an entity to get benefits in upcoming years. It can be for a short time or a long time where a shorter investment is treated as a current asset and a longer investment consider a non-current asset.

Given values:

Invested amount = $28,000

Time period = 11 years

Interest rate = 8%

Computation of worth of investment today:

[tex]\rm\ Worth \rm\ of \rm\ investment\rm\ today ={\rm\ Invested \rm\ Amount}\times \frac{1}{(1+ Interest rate)} ^{\rm\ Time \rm\ period} \\\rm\ Worth \rm\ of \rm\ investment \rm\ today ={\$28,000} \times \frac{1}{(1+ 0.08)} ^{11} \\\\\rm\ Worth \rm\ of \rm\ investment \rm\ today={\$28,000} \times{0.4288} \\\\ \rm\ Worth \rm\ of \rm\ investment \rm\ today=\$12,000.864[/tex]

Therefore, the amount of $12,000 should be invested today to get $28,000 after 11 years at 8%.

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