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IOM ASSIGNMENT QUESTION Final 70
IOM ASSIGNMENT QUESTION Final 70
The sales manager gathered information on the number of sales calls made and the number of
copiers sold for a random sample of 10 sales representatives. As a part of her presentation at the
upcoming sales meeting, Ms. Bancer, the sales manager, would like to offer specific information
about the relationship between the number of sales calls and the number of copiers sold. Use the
least squares method to determine a linear equation to express the relationship between the two
variables. What is the expected number of copiers sold by a representative who made 20 calls?
Question Number 2: Aroma limited produce T-shirt. Basically, two types of T-shirts it
produces. Following table describe the materials needed and resources available in Aroma
limited. Marks- 10
Available resources in department 1 are 100 minutes & in department 2 it is around 150 minutes.
Requirement: Determine the optimum quantity that will maximize the profit of Aroma ltd under
linear programming approach
Question Number 3: Max Company limited follows the periodic inventory management system.
In 2019, the following transactions have taken place in the business of Max Company.
Marks- 20
a. Ending inventory value under LIFO, FIFO and weighted average cost method.
b. Shows the impact of cost changes under three different approaches on the profit potential of
the company in the each financial year. Consider tax rate is 27% for this calculation.