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A company has 9 weeks of work in process (WIP) inventory and an annual cost of goods sold (CGS) of $18,000,000. There are 50 working weeks per year.
a) What is the dollar value of WIP?
b) The company wants to reduce its WIP levels from 9 weeks to 5. Assuming that the company is successful in its efforts, what will be the financial impact to the business if the holding cost of WIP is 20%?
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The government of a nation established a price support for wheat. The government’s support price has been above the equilibrium price each year since, and the government has purchased all wheat over and above the amounts that consumers have bought at..
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Suppose the price elasticity of demand for bread is 1.00. If the price of bread falls by 20%, the quantity demanded will increase by: Suppose that a 20% decrease in the price of good Y causes a 20% increase in demand for good X. The coefficient of cr..
Should you ask your boss if you can use the money to buy two tickets? Why? in flying or lying in business class
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