Individual Assignment 6610 a) (20%) A group of medical professionals is considering the construction

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Individual Assignment 6610

a)      (20%) A group of medical professionals is considering the construction of a private clinic. If the medical demand is high the physician could realize a net profit of $100,000. If the market is not favourable they could lose $40,000. Their best guess is 50%-50% for the clinic to be successful. Construct the decision tree. EMV=Expected Monetary Value(

b)      (50%) The same physicians above have been approached by a market research company that offered to perform a study at a fee of $5,000. Using the Bayes’ theorem they make the following probabilities:

Favorable market given a favorable study = .82

Unfavorable market given a favorable study = .18

Favorable market given unfavorable study = .11

Probability of favorable research study = .55

Probability of unfavorable research study = .45

Develop the decision tree to reflect the probabilities above

c)      (10%) Describe how you would determine the best decision using EMV criterion with a decision tree.

d)     (10%) What is the purpose of the utility theory?

e)      (10%) What information should be included into the decision tree?

 

 

 

 

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Finding and Evaluating Secondary Sources

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Find at least one source from each of the following:
1.Ebrary
2.CredoReference
3.EbscoHost
4.Films on Demand
5.JSTOR
Find an additional 3 sources using the SNU library.
Under the APA style citation for each source, evaluate each source using the criteria in your textbook. At least
one sentence is required to address each criterion:
1.Credentials
2.Impartiality
3.Style and Tone
4.Currency

Sample Solution

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Rock of Ages Case Study

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This week’s written assignment, the ROA Case Study below, is focused on the first topic’s readings and the concepts and ideas surrounding strategic planning. The format of the work submitted will follow these strict guidelines:
Three-page case analysis on the Rock of Ages Company including:

Cover Page – Not counted in the three-page limit
Summary Section – Approximately one page outlining the management issues associated with the Rock of Ages Company
Management Actions – This section should be 1½ pages in length.
Conclusion Section – Any closing comments about the case you want to make from a management or strategic planning perspective; this should be approximately ½ page.
Bibliography with at minimum of three references (not counted in the three-page limit)

Task Description

Read the Rock of Ages Case Study and complete this assignment as outlined under “Deliverable.”
Management Actions – Answer the question: What do you recommend Rock of Ages Company do to address the management issues outlined in your Summary Section?

 

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Problem 13-24 (REV) Simple Rate of Return; Payback Period; Internal Rate of Return (LO13-1, LO13-3,

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Problem 13-24 (REV) Simple Rate of Return; Payback Period; Internal Rate of Return (LO13-1, LO13-3, LO13-6] 50 points The Elb

Problem 13-24 (REV) Simple Rate of Return; Payback Period; Internal Rate of Return (LO13-1, LO13-3, LO13-6] 50 points The Elberta Fruit Farm of Ontario always has hired transient workers to pick its annual cherry crop. Janessa Wright, the farm manager, just received information on a cherry picking machine that is being purchased by many fruit farms. The machine is a motorized device that shakes the cherry tree, causing the cherries to fall onto plastic tarps that funnel the cherries into bins. Ms. Wright has gathered the following information to decide whether a cherry picker would be a profitable investment for the Elberta Fruit Farm: eBook Print a. Currently, the farm is paying an average of $220,000 per year to transient workers to pick the cherries. b. The cherry picker would cost $320,000. It would be depreciated using the straight-line method and it would have no salvage value at the end of its 8-year useful life. c. Annual out-of-pocket costs associated with the cherry picker would be: cost of an operator and an assistant, $97,000; insurance, $5,000; fuel, $18,000; and a maintenance contract, $20,000. References Click here to view Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor using tables. Required: 1. Determine the annual savings in cash operating costs that would be realized if the cherry picker were purchased. 2a. Compute the simple rate of return expected from the cherry picker. 2b. Would the cherry picker be purchased if Elberta Fruit Farm's required rate of return is 17%? 3a. Compute the payback period on the cherry picker. 3b. The Elberta Fruit Farm will not purchase equipment unless it has a payback period of three years or less. Would the cherry picker be purchased? 4a. Compute the internal rate of return promised by the cherry picker. 4b. Based on this computation, does it appear that the simple rate of return is an accurate guide in investment decisions? Complete this question by entering your answers in the tabs below.

 

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