CMA（P1）——Budgeting
信息来源：金融范 2014-09-30 10:00 knroman
Budgeting
1、The Lions Club is planning to sell pretzels at a local football game and has estimated sales demand as follows.
| Sales demand |
8,000 |
10,000 |
12,000 |
15,000 |
| Probability |
10% |
40% |
30% |
20% |
The cost of the pretzels varies with the quantity purchased as follows.
| Purchase quantity |
8,000 |
10,000 |
12,000 |
15,000 |
| Cost per unit |
$1.25 |
$1.20 |
$1.15 |
$1.10 |
Any unsold pretzels would be donated to the local food bank. The calculated profits at the various sales demand levels and purchase quantities are as follows.
| |
Expected Profits at Various Purchase Quantity Levels |
| Sales Demand |
8,000 |
10,000 |
12,000 |
15,000 |
| 8,000 |
$6,000 |
$4,000 |
$2,200 |
($500) |
| 10,000 |
$6,000 |
$8,000 |
$6,200 |
$3,500 |
| 12,000 |
$6,000 |
$8,000 |
$10,200 |
$7,500 |
| 15,000 |
$6,000 |
$8,000 |
$10,200 |
$13,500 |
Which one of the following purchase quantities would you recommend to the Lions Club?
A. 8,000
B. 10,000
C. 12,000
D. 15,000
2、 Denton Inc. manufactures industrial machinery and requires 100,000 switches per year in its assembly process. When switches are received from a vendor they are installed in the specific machine and tested. If the switches fail, they are scrapped and the associated labor cost of $25 is considered lost productivity. Denton purchases “off the shelf” switches as opposed to custom-made switches and experiences quality problems with some vendors’ products. A decision must be made as to which vendor to buy from during the next year based on the following information.
关键词:
cma Budgeting