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Cheapest Car Rental rents cars at the Chicago airport. The car rental market consists of two segments: the short-term segment, which rents for an average of 0.7 weeks, and the medium-term segment, which rents for an average of 3 weeks. Cheapest currently rents an average of 200 cars a week to the short-term segment and 100 cars a week to the medium-term segment. Approximately 20 percent of the cars returned (evenly distributed across both segments) are found to be defective and in need of repairs before they can be made available for rent again. The remaining cars, not needing repairs are cleaned, filled with gas, and made available for rent. On average, there are 92 cars waiting to be cleaned (or in the cleaning process). The average cost of this operation is $5 per car. Cars needing repair spend an average of two weeks out of service and incur an average cost of $150 per car. Assume that cars are rented as soon as they are available for rent, that is, as soon as they have been cleaned or repaired. Short term renters pay $200 per week (not $200 per rental - rental time is shorter than a week), while medium term renters pay $120 per week. Assume each car loses $40 in value per week due to depreciation. What is the average weekly profit rounded to the nearest whole dollar?
describe how to improve productivity in non-hospital organizations e.g. American Heart Association, Lupus Foundation, Alzheimer's Association etc.
Describe the two types of hazardous materials warning systems and their advantages/disadvantages to first responders. What changes/improvements, if any, would you suggest to improve these systems
A soldier has just been discharged. His aunt, who lives on the other side of the country, suggests that he move to her area. “There are plenty of jobs for a dependable young man like you, and you could state with me until you get on your feet,” she s..
A minister who is opposed to war conducts a nonviolent protest at a local military installation, thus committing a trespassing violation.
Target market breakdown. This should include a profile of their ideal consumer with demographic and psychographic details. Explain why they are the target market. An outline of the resources necessary to resolve the challenge (funds, human resources,..
Why is ethical misconduct more difficult to overcome than poor financial performance? What are the three types of conditions to a contract that may exist? Explain each one.
The Diversified Products Company has a bond outstanding that has a coupon rate of 20% (paid semiannually), a par value of $1,000 and matures in 15 years. How much would you pay for the bond if you desired to earn 9% interest per year?
Why is it important for business strategy to drive organizational strategy and IS strategy? What might happen if business strategy was not the driver?
What is its annual total cost (which includes the purchasing cost, ordering cost, and holding cost) the firm incurs, assuming they operate optimally?
What effect does a quality management philosophy have on employee behavior?
Name four methods of quantitative analysis that are useful in informing the facility location decision. How can each of the methods assist you in location decisions. Provide examples for each of the four.
What is required to unseat a federal Supreme Court judge?
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