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Garden Variety Flower Shop uses 690 clay pots a month. The pots are purchased at $2.30 each. Annual carrying costs per pot are estimated to be 20 percent of cost, and ordering costs are $15 per order. The manager has been using an order size of 1,750 flower pots. a. What additional annual cost is the shop incurring by staying with this order size? (Round your optimal order quantity to the nearest whole number. Round all other intermediate calculations and your final answer to 2 decimal places. Omit the "$" sign in your response.) Additional annual cost $ b. Other than cost savings, what benefit would using the optimal order quantity yield (relative to the order size of 1,750)? (Use the rounded order quantity from Part a. Round your final answer to the nearest whole percent. Omit the "%" sign in your response.) About % of the storage space would be needed.
First Securities, Inc., an investment firm, has $380,000 on account. The chief investment officer would like to reinvest the entire $380,000 in a portfolio that would maximize return on investment while at the same time maintaining a relatively conse..
You are trying to explain null and alternative hypotheses to one of the senior managers at Company W and he is not understanding the concept when you use snack food sales.
Two of the four P’s — Product and Price Part 1. Expository Essay: In this Assignment you will respond using an expository essay format. An expository essay involves investigating the topic, analyzing your findings, and supplying a solution or a sugge..
The manager, Peter Cunningham, is interested in obtaining a measure of overall performance. He has asked you to provide him with a multifactor measure of last year's performance as a benchmark for future comparison.
Identify one environmental factor or risk that affects the decision-making opportunities within your organization. Provide a brief description of the concerns and potential solutions for addressing the concerns or risks. Are there financial requireme..
ABC Co manufactures a subcomponent at the rate of 400 per day when required. Its annual demand for this item is 50000 unites. Assume 250 working days per year. Holding cost is $10 per unit per year. Set-up cost is $150 per set-up.
What process provides objective information? What type of research is NOT used to make an objective decision? What process includes gaining consensus and forming a project team recommendation? What process provides subjective information? What is the..
write a job description for a position in tomorrows business envirnoment.
Setup cost should be treated as ordering cost and larger time unit is the month and smaller time unit is the day.
Using the information from the Glendale Stadium Project (end of Chapter 6), you will create a MS Project schedule and answer the questions from the end of the case, however, you will note the following changes: What is the critical path for the proje..
Create an advertisement for this sports-oriented resort (your choice). You are going to advertise in Global Travel Magazine in a small ad that is black and white (1/6th of a page and can only accommodate a total of 50 words including the headline.) W..
The Drebb Root Beer Company distributes their soft drink at a constant demand rate of 22,500 cases per year. A case cost the company $8.75 with an ordering cost of $18 per order. The inventory holding costs are charged at 14 percent of the cost per u..
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