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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. How much cash should the credit union keep at the ATM, that is, what is the Economic Order Quantity (Optimal Q, Q*)?
Contrast the dynamics between dominant cultures and subcultures either in a work setting or in society. Explain why it is important to understand the impact of culture. Give an example where you demonstrated your awareness and or openness to under..
Label each of the following statements as true or false, and then justify your answer. (a) When a linear programming model has an equality constraint, an artificial variable is introduced into this constraint in order to start the simplex method with..
There are three main organizational entities at different levels of the organization involved in the budgeting process; Upper Management, Project Manager and Functional Manager. Explain the role of each in the budgeting process.
Unlimited amounts of alloys and scrap steel can be purchased. Scrap steel cost $100 per ton and contains 3% carbon and 9% molybdenum. The cost per ton and chemical make up of the alloys is:
Discuss the competitive forces model in relation to Amazon and its business strategies. Discuss profitabilty in relation to Amazon's business stratgey and model
Sally has agreed to sell some of her land to Marcos. The land is one of the last available lots of its size in the area and Marcos is very happy to be able to buy it. As a part of the deal, Sally has also agreed to sell Marcos a new tractor from her ..
"Melinda," bellowed Toran, "I've got a problem and you've got to solve it. I can't get people in this plant to work together as a team. As if I don't have enough trouble with the competition and delinquent accounts, now I have to put up with running ..
Identify differences between them from a resource perspective also the industry analysis/positioning perspective. Explain how do you think the identified key resources support also/or contradict the suggestions you made for Coca-Cola in week 1.
Many manufacturing companies have applied the concept of DFMA (Design For Manufacturability and Assembly) to improve the design of their products. Select any product that you are familiar with that requires some assembly (by the factory and/or by the..
what value-added components must blockbuster incorporate into its current movie rental business to survive in the environment today?
Why do technologies often improve faster than customer requirements? What are the advantages and disadvantages to a firm of developing a technology beyond the current state of market needs?
Explain the benefit of credentialing and recredentialing to an organization.
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