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An inventory application calls for the weekly updating, or posting, of the merchandise inventory master file from the purchases transaction file and the sales transaction file. This updating process if performed every Friday just before the close of business. Sales of item # 12345 are stable at a rate of 5 units a day, 5 days a week. Purchases are made every 3 weeks in quantities of 75 units, and the purchased goods are received first thing Monday morning. On Friday evening, January 28th, the inventory level of item number 12345 in the warehouse was 10 units, and the balance for the item in the inventory master file was verified as being correct. The receipt of purchased goods was scheduled for the following Monday. REQUIRED: Perform a simulation for the month of February to determine the maximum discrepancy between the actual quantity of item number 12345 on hand and the balance shown in the inventory master file. Set up a table with a line for each day in the month and calculate the quantity on hand corresponding to the stated pattern of purchases and sales. Also calculate the net transaction activity used to update the inventory master file on each updating date and the resulting balance in the inventory master file.
Imagine your team represents the executive committee at an imaginary organization tasked with drafting a CSR policy. Document your committee's views on the essential components of a CSR policy. Include the following:
McAfee created a more engaged talent community to improve its sourcing of top talent. If you had to choose only three metrics for McAfee to use to evaluate the effectiveness of its talent community in sourcing top talent, what would they be? Why did ..
Regulations governing the employer-employee relationship are based on agency law and failure of an employee/agent to act according to the employer's instructions could result in liability for the employer. While Title VII prohibits employment discrim..
For the economic order quantity, What are average weekly total costs, including the cost of the inventory item?
In this instance, you can narrow the set of choices, but you probably wouldn't make a recommendation without an additional piece of information. Explain the logic of the laststatement.
The Transatlantic Trade and Investment Partnership (TTIP) would create the largest free trade zone on earth. Fee trade is supposed to be a win-win proposition, yet many Europeans (and Americans) are hostile to such agreement. List 3 reasons for such ..
SportTech Events puts on athletic events for local high school athletes. The company needs a database designed to keep track of the sponsor for the event and where the event is located. Each event needs a description, date, and cost. SportTech asks y..
Under what environmental conditions are price wars most likely to occur in an industry? What are the implications of price wars for a company? How should a company try to deal with the threat of a price war?
Do you believe Pam is acting unethically? What about Dunder Mifflin? Explain please? Image text transcribed for accessibility: Employers and employees have a unique relationship
Kanban Blue Wave Enterprises is a Canadian manufacturer of party products. A new line of birthday candles is selling successfully but not profitable. The production process is fairly but takes 4 days and candles have to retail at a very low price to ..
Imagine that you are a small business firm that has never developed a business continuity plan and is planning to hire a consulting firm to help the firm develop a business community plan. What aspects of business impact analysis should the managemen..
By now, you should be very familiar with the Enron case. In the Module 4 SLP, we will evaluate the Enron debacle in the context of Corporate Social Responsibility. Specifically, socially responsible organizations behave in certain, ethical ways. What..
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