What is the average inventory in the atm

Assignment Help Operation Management
Reference no: EM131115800

A university credit union that serves a very large student population has an ATM in the student union where several cafes, restaurants, game rooms, gift shops and other unique shops are located. The average cash withdrawal at the ATM is about $40. Average number of cash withdrawals per week is about 200. The credit union estimates that the fixed cost of filling the ATM is about $100 regardless of the amount of cash in. Annual cost of money is 10% per year. Assume 52 weeks in a year. What is the average inventory in the ATM?

Reference no: EM131115800

Questions Cloud

Bags of potato chips : A vendor sells hot dogs and bags of potato chips. A customer buys 4 hot dogs and 5 bags of potato chips for $12.00 another customer buys 3 hot dogs and 4 bags of potato chips for $9.95. Find the cost of each item.
Evaluating performance-based pay options : Select one of the following that has the greatest potential to motivate employees in a workplace with which you are familiar. Clarify why you think this type of pay would motivate employees. Explain how you would design a system to implement this typ..
Better estimate of demand : A manufacturing company must decide whether to manufacture a component part. The consulting profit is dependent upon the demand for the product. The following show the projected profit ( in thousands of dollars).
A company wishes to determine if the average salary : A company wishes to determine if the average salary of its clerks is really $340. The company researcher takes a sample of 64 clerks and finds that =$300 and s = $80.
What is the average inventory in the atm : A university credit union that serves a very large student population has an ATM in the student union where several cafes, restaurants, game rooms, gift shops and other unique shops are located. The average cash withdrawal at the ATM is about $40. Wh..
Liability errors you are the independent auditor engaged : Liability Errors you are the independent auditor engaged to audit Millay Corporation's December 31, 2010, financial statements.
Forecast average cash bonus for financial investment : Using a three-period simple moving average, forecast the average cash bonus for a financial investment employee in New York City in 2013.
What is the economic order quantity : A university credit union that serves a very large student population has an ATM in the student union where several cafes, restaurants, game rooms, gift shops and other unique shops are located. The average cash withdrawal at the ATM is about $40. Ho..
Identify two or more community organizations or agencies : Discuss the social and cultural norms of your vulnerable population and how these play a role in the need for the services offered by your program. Describe how the vulnerable population experiences the health care system. Analyze methods your pr..

Reviews

Write a Review

Operation Management Questions & Answers

  What are the key features of iredell-statesvill schools

What are the key features of Iredell-statesvill Schools that support continuous improvement?

  Motivating employees to alter patterns of behavior stems

Kurt Lewin suggests that the difficulty in motivating employees to alter their patterns of behavior stems from a group-initiated inertia, or people’s sense of belonging to a group. He suggests that this is the case even when the accepted group norms ..

  In the context of the neoclassical model

In the context of the neoclassical model, how would you interpret the imperative to "cause no harm?" Substantiate your view with two reasons and examples.

  Which of aRLs activities should be outsourced

Successive governments in the country of Rainland have tried to overcome the social costs associated with the closure of certain high profile home-based companies by taking them into public ownership. As a result, a variety of nationalized companies ..

  Present your view of carrs central arguments

What is the role of a CIO in today's global business environment?

  Negative impact on your ability to resource-level project

Multitasking can have an important negative impact on your ability to resource-level a project. When team members are involved in multiple additional commitments, we must be careful not to assign their time too optimistically. In fact, it has been sa..

  Firm is using sales and operations planning

If a firm is using sales and operations planning (S&OP) to coordinate marketing and operations, does it need master planning such as ERP or ERP2?

  Question 1 a single ticket taker can tear tickets and

question 1 a single ticket taker can tear tickets and direct movie patrons to their seats at a rate of 90 per

  Determine the size and timing of planned order

A firm that produces wood shutters and bookcases has received two orders for shutters: one for 100 shutters and one for 150 shutters.

  Restore credibility and generate positive press reporting

Create a public relations campaign for a financial institution that has recently received negative exposure in the media pertaining to its lack of responsiveness to those wishing to modify existing home loans. The goal of your campaign is to influenc..

  New professional opportunities affords to employees

New professional opportunities you believe this degree affords to employees, Types of careers people with the degree often have

  What is the design capacity of a production system

What is the design capacity of a production system that produces 753 good units a year with a utalization of 90% and yield of 85%?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd