Please help me answer these questions! You will receive a very good rating!

Medica Scientific Simulation Game Assignment 1: Understanding background and key business statistics

This assignment is to help you get to know the fundamental business statistics of Medica Scientific so you can manage the company successfully.

To answer the questions below, you need to download the documents under Medica Scientific Simulation Game Documentation / Introduction. Read the PDF file thoroughly!

To get credit, you must answer all the following questions. Please turn in this WORD file and give your answers after each question.

Inventory (Raw Material)

How long is the inventory delivery lead time?

What is the cost per part?

How much is inventory ordering fee?

How is inventory allocated between standard line and custom line?

Custom Line

What is the maximum number of orders the custom line can hold at one time?

Do units need to go through Station 2 twice before being delivered?

How much raw material does a custom product require?

What is the cost of Station 2 machine if you plan to buy a new one? What is the salvage value of a machine in Station 2?

What is the cost of Station 3 machine if you plan to buy a new one? What is the salvage value of a machine in Station 3?

Standard Line

How much is the production ordering fee?

How much raw material does a standard product require?

How many days does Initial Batching station need to put together one batch?

How many days does Final Batching station need?

What is the cost of Station 1 machine if you plan to buy a new one? What is the salvage value of a machine in Station 1?

Work Force

How long does it take for Rookies to become Experts?

What is the productivity of Rookies compared to Experts?

What is the salary for a Rookie?

What is the salary for an Expert?

What would happen if you made your employees to work overtime?

Financials

How much is the commission per loan when you borrow money?

How much is the commission per loan when you are forced by the system to borrow money in order to pay for employee salary?

What is the interest rate per year?

What is the interest rate you can earn when you have cash on hand?

Others

How many days have already passed when you take over the company and are in charge of the operations (i.e., the simulation game begins)?

Note, there are additional 50 virtual days after the simulation ends. Be prepared for maximizing your cash during those 50 days as well. Please acknowledge you have read this note.