MATHS -SPECIAL/1
MA115 Business Problem Solving
DIRECTIONS: Please answer the following essay question using your own paper. Keep a copy of your work and include your name and student number on every page.

Managers at ANP Company are trying to determine an inventory policy for the coming year.
They estimate that its sales for 200x may vary depending on the strength of the economy, and have produced the following estimate of sales for the year:
Economic Conditions Probability of occurrence
Sales Level (Units)
Poor 0.2 100,000
Moderate 0.5 220,000
Good 0.3 280,000

ANP sells each unit for $7.50. Each unit costs $3.00 to purchase, and the firm typically incurs the following costs:- order cost - $200 per order; carrying costs :- Insurance - $0.80 per unit; warehousing cost - $0.50 per unit; security costs - $0.25 per unit; shrinkage allowance - $0.10 per unit.
a. Calculate the firm's expected level of sales. 20 points
b. Determine the economic order quantity based on the expected sales level
(Round to the nearest 100). 20 points
c. Calculate the reorder point, assuming 4 days lead time and smooth sales levels throughout the year (round to the nearest 100). Assume a 5-day work week and a 52-week year. 15 points
Part d and e of this assignment are on the following page
d. Calculate the firm's expected net profit and net profit as a percentage of sales for the year assuming the following:
a. The firm maintains a beginning and ending inventory equal to the reorder point unit level.
b. Sales returns are expected to be 0.50% of sales.
c. Unit purchase cost in the previous year was $2.80.
d. Budgeted selling expenses total $350,000.
E. Budgeted general expenses total $420,000 30 points
e. List three non-quantitative factors that might influence the decision on inventory policy.
15 points
Please show all of your calculations

Math.floor may be used to round a number to a specific decimal place. The statement
y = Math.floor( x * 10 + 0.5 ) / 10;
rounds x to the tenths position (i.e., the first position to the right of the decimal point).
The statement
y = Math.floor( x * 100 + 0.5 ) / 100;
rounds x to the hundredths position (i.e., the se

Suppose F varies jointly as x and y and inversely as z squared. If F is equal to 18 when x = 4, y = 3 and z = 2, find the value of F if the values for x, y, and z respectively are doubled.

4 different math books, 2 different Chemistry books, and 6 different physics books are arranged on a shelf. How many different arrangements are possible if:
a.)The books in each particular subject must stand together?
b.)Only the math books must stand together?

To what extent have computers destroyed our ability to do mental arithmetic? Should elementary children be allowed to use calculators and computers to do math? What are the advantages and disadvantages of such an approach?

I need help figuring out how to do this assignment:
Lilly collects data on a sample of 40 high school students to evaluate whether the proportion of female high school students who take advanced math courses in high school varies depending upon whether they have been raised primarily by their father or by both their mother an

Address Following:
- Why are ratios useful? What three groups use ratios, and for what reasons?
- What qualitative factors should analysts look for when evaluating a company's likely future financial performance? Explain.
- You are training a new financial analyst who lacks experience. What are the most critical steps of fi

1. Why do companies hire people with MBA degrees with high salaries?
2. Would you please briefly suggest what are important math/statistics topics that you think to include in such courses?
3. Every manager can do simple math calculations (adding and subtracting numbers). So, managers can see what is the earning of the comp

Describe a general process that students in grades 5-8 or 9-12 can use to solve problems.
B. Describe at least five specific problem-solving strategies that these students can use to solve mathematics problems. For each strategy, give an example.
C. Discuss how these strategies and processes encourage students to persist

You are taking two courses during winter session, math and history, and your subjective assessment of your performance is
Event Probability
fail both courses .05
fail math (irrespective of whether or not you fail history as well) .15
fail history (irrespective of whether or not you fail math as well) .08
Let's develop