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Question.
(a) Your supplier grants you credit terms of 2/10, net 35. What is the effective annual cost of the discount if you purchase $100 worth of merchandise?
(b) Your firm currently sells 215 units a month at a price of $90 a unit. You think you can increase your sales by an additional 45 units if you switch to a net 30 credit policy.
(i) The monthly interest rate is .5 percent and your variable cost per unit is $60. Should your firm switch policies? Why?
(ii) What is the minimum increase in crease in sales that would make the switch profitable?
Imagine that you are a manager in an organization, and your employees are not achieving stated goals.
What is the unit cost for each widget? What is the actual production for the four machines supervised by one operator for 8 hour shift given above condition?
a) Draw the project network using AON. b) Identify the critical path. c) What is the expected project length?
Discuss the five ethical systems offered for consideration, two of them are the preferred approaches for Fr. Lockwood
STAR Co. provides paper to smaller companies whose volumes are not large enough to warrant dealing directly with the paper mill.
If you could design your own store, what features, and attributes would it have? What aspects of retail are important to you?
In order to be successful in business, one must be able to recognize problems and solve them in order to succeed in the business arena.
A manufacturer of a particular product produces x1 units in the first week and x2 units in the second week.
Using a lot-for-lot ordering strategy for the following item, what is the net requirements amount in week 3?
Identify the specific issue or problem that you want to address and give an impartial presentation of the controversy.
What is the purpose of a feasibility analysis? What information is desired from such an analysis?
This is part one of a two part assignment starting with an introductory look at process design and supply chains.
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