ADM2341A Midterm 2 Fall 2008 Sol

ADM2341A Midterm 2 Fall 2008 Sol - Page 1 of 6 ADM 2341A...

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Unformatted text preview: Page 1 of 6 ADM 2341A Solution MIDTERM EXAM #2 Fall 2008 Professor Eden Name of the student (printed ): ___________________Student Number: ____________ INSTRUCTIONS 1. Books and notes are not permitted. 2. Calculators are permitted. 3. Language dictionaries are permitted 4. All questions are to be answered in this examination paper. No other paper will be corrected. 5. Do not remove any page from this paper. 6. In order to receive all of the marks which you have earned, Show the calculations that you have made in arriving at your answer (the calculations are an integral part of the grading scheme); 7. Time allotted: 50 minutes Q UESTION Q.1 Q.2 Q.3 Q.4 Total MAX. GRADE __/8 __/10 __/12 __/20 __/50 Statement of Academic Integrity The School of Management does not condone academic fraud, an act by a student that may result in a false academic evaluation of that student or of another student. Without limiting the generality of this definition, academic fraud occurs when a student commits any of the following offences: plagiarism or cheating of any kind, use of books, notes, mathematical tables, dictionaries or other study aid unless an explicit written note to the contrary appears on the exam, to have in his/her possession cameras, radios (radios with head sets), tape recorders, pagers, cell phones, or any other communication device which has not been previously authorized in writing. Statement to be signed by the student: I have read the text on academic integrity and I pledge not to have committed or attempted to commit academic fraud in this examination. Signed:______________________________________ Note: an examination without this signed statement will not be graded and will receive an exam grade of zero. ADM 2341A Midterm#2 Fall 2008 Page 2 of 6 Q.1 ( 8 points) Flip Flop Flippers expects to sell 15,200 pairs of swim flippers during June. Two pounds of rubber are required to make each pair. The company has a beginning June inventory of 3,300 pairs of flippers and 10,200 pounds of rubber. The company wishes to end June with 7,200 pairs of flippers and 16,000 pounds of rubber. Because flippers can be made very quickly from heated rubber, the firm does not maintain any work in process inventory. Required: The purchasing agent has asked you how much rubber Flip Flop Flippers should budget to buy for June. Show details. Production Budget Flippers Sales 15,200 + EB 7,200 - BB 3,300 = Production 19,100 Purchases Budget Pounds Production x 2 38,200 + EB 16,000 - BB 10,200 Purchases 44,000 1 point for each line ...............................................................................................................................................................
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This note was uploaded on 02/03/2010 for the course ADM ADM2341 taught by Professor Edden during the Winter '09 term at University of Ottawa.

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ADM2341A Midterm 2 Fall 2008 Sol - Page 1 of 6 ADM 2341A...

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