Reference no: EM131192849
Lila Battle has determined that the annual demand for number 6 screws is 100,000 screws. Lila, who works in her brother’s hardware store, is in charge of purchasing. She estimates that it costs $10 every time an order is placed. This cost includes her wages, the cost of the forms used in placing the order, and so on. Furthermore, she estimates that the cost of carrying one screw in inventory for a year is one-half of 1 cent. Assume that the demand is constant throughout the year.
To minimize total inventory cost, Lila should order________________ number 6 screws per order. (Please round to an integer and include no units.)
Based on the calculation in Question 1, Lila needs to make___________ orders per year.
Based on the calculation in Question 2, Lila's total ordering cost is______________ per year.
Based on the calculation in Question 1, Lila's average inventory is_____________ . (Please round to an integer and include no units.)
Based on the calculation in Question 4, Lila's total holding cost is_________________ per year. (Please round to a whole dollar.)
|
External assessment tools have on formulating strategies
: Consider your Strategic Plan Part II: External and Internal Assessment assignment. Describe a few key sources of information used for locating vital external information. What value do external assessment tools have on formulating strategies?
|
|
Develops nurse-staffing plan for memorial hospital
: The nurses at Memorial Hospital work a regular schedule of four 10-hour days per week. The average regulartime pay across all nursing grades is $12.00 per hour. Overtime may be scheduled when necessary. Explain the alternatives available to Darlene F..
|
|
Experiencing cognitive and dissonance
: Sonia works as a lab research assistant at Frost? Labs, which conducts trials for cosmetic products such as? sprays, dyes,? ointments, soaps, and the like. She joined the firm right out of college and has been working there for almost two years now. ..
|
|
Assume that the demand is constant throughout the year
: Lila Battle has determined that the annual demand for number 6 screws is 100,000 screws. Lila, who works in her brother’s hardware store, is in charge of purchasing. She estimates that it costs $10 every time an order is placed. Assume that the deman..
|
|
Culture is learned-shared and enduring orientation patterns
: Culture is the learned, shared, and enduring orientation patterns in a society and demonstrated by people through values, ideas, attitudes, behaviors, and symbols. How does the type of toilet used in Japan reflect the culture of its people-give a cou..
|
|
Factors such as firm objectives-procedures
: Factors such as a firm's objectives, procedures, and systems are examples of ________ influences on teh business buyer behavior. Kodak's film business didn't lose out to direct compeitor Fujifilm, it lost out to Sony, Canon and other digital camera m..
|
|
The good perks and salary benefits the job offers
: In her work in the publishing? industry, Vera Loranzo seeks out new authors who she considers promising. In the past two? years, she has found a number of new writers whose work she thought was exceptional and immersed herself in the task of helping ..
|