Reference no: EM131810618
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.
1. To minimize total inventory cost, Lila should order number 6 screws per order. (Please round to an integer and include no units.)
Mark for Review What's This?
2. Based on the calculation in Question 1, Lila needs to make orders per year.
Mark for Review What's This?
3. Based on the calculation in Question 2, Lila's total ordering cost is per year. (Please round to a whole dollar.)
Mark for Review What's This?
4. Based on the calculation in Question 1, Lila's average inventory is . (Please round to an integer and include no units.)
Mark for Review What's This?
5. Based on the calculation in Question 4, Lila's total holding cost is per year. (Please round to a whole dollar.)
Explain generic business strategy
: Explain generic Business strategy that is used for above case. how successful is that strategy based on the evidence available, explain
|
Individualist vs collectivist-explicit rule vs implicit rule
: describe the culture that you hail from: individualist vs collectivist, explicit rule vs implicit rule, uncertainty- accepting vs uncertainty-rejecting,
|
Examine the topic of marginal utility analysis
: Consider the proposition that HRM adds value to the firm. Also, examine the topic of “Marginal Utility Analysis”
|
Management are major challenges to most organizations
: Knowledge and change management are major challenges to most organizations.
|
To minimize total inventory cost
: To minimize total inventory cost, Lila should order number 6 screws per order.
|
What authority or capacity of managing directors
: Discuss in what authority or capacity of managing directors have, that are relying upon to represent their respective companies to deal with outsiders,
|
Differences of formal and informal work group
: What are the similarities and differences of a formal and an informal work group?
|
Determining the pw of the payments
: If your time value of money is 12%, what is the PW of the payments in Year-1 dollars if inflation is 0%? 3%? 6%? 9%? Indexes
|
Inflation to continue for many years
: A homebuilder's advertising had the caption, "Inflation to Continue for Many Years." The ad explained that if one buys a home now for $297,000
|