The management of Madeira Manufacturing Company is considering the introduction of a new product. The fixed cost to begin the production of the product is $29,000. The variable cost for the product is expected to be between $18 and $29 with a most likely value of $25 per unit. The product will sell for $45 per unit. Demand for the product is expected to range from 600 to 1600 units, with 1100 units the most likely demand. Required::
a. Develop a what-if spreadsheet model computing profit for this product in the base-case, worst-case, and best-case scenarios.
b. Discuss why simulation would be appropriate for this situation. Would simulation be a preferable approach to analyze this situation? Why or why not?

Transactions on april 1 of the current year, andrea byrd established a business to manage rental property. she completed the following transactions during april: opened a business bank account with a deposit of $45,000 from personal funds. purchased office supplies on account, $2,000. received cash from fees earned for managing rental property, $8,500. paid rent on office and equipment for the month, $5,000. paid creditors on account, $1,375. billed customers for fees earned for managing rental property, $11,250. paid automobile expenses for month, $840, and miscellaneous expenses, $900. paid office salaries, $3,600. determined that the cost of supplies on hand was $550; therefore, the cost of supplies used was $1,450. withdrew cash for personal use, $2,000. required: 1. indicate the effect of each transaction and the balances after each transaction: for those boxes in which no entry is required, leave the box blank. for those boxes in which you must enter subtractive or negative numbers use a minus sign. (example: -300)

Any point on a country's production possibilities frontier represents a combination of two goods that an economy:

Spartan credit bank is offering 7.5 percent compounded daily on its savings accounts. you deposit $5,900 today. a. how much will you have in the account in 4 years? (use 365 days a year. do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. how much will you have in the account in 12 years? (use 365 days a year. do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. how much will you have in the account in 19 years?