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A jewelry firm buys semiprecious stones to make bracelets and rings. The supplier quotes a price of $8 per stone for quantities of 600 stones or more, $9 per stone for orders of 400 to 599 stones, and $10 per stone for lesser quantities. The jewelry firm operates 200 days per year. Usage rate is 25 stones per day, and ordering costs are $48. If annual carrying costs are 30 percent of unit cost, what is the optimal order size?
Find out best combination of compost and topsoil that meets stated conditions at lowest cost per bag. Classify lowest cost possible.
What is the difference between the ability of a manager to retrieve information instantly on demand using an MIS (Management Information System)?
A company produces 4 different products, A, B, C, and D. All products require time in up to 5 different processing departments.
Determine the expected number of nonconforming units that will result from a production run of 20,000 units. Assume that all previously stated conditions regarding the process remain as described during the production run of 20,000
Wally and Beaver were general partners in a car dealership. Using the partnership name, Wally entered into a contract to purchase 30 used cars from Car Lots.
What is the net cash outflow for the new machine after considering the sale of the old machine? The firm's tax rate for ordinary income is 30%
What has been the impact of horizontal, vertical, and virtual integration on health care organizations?
Mr. Dave Jones manages the warehouse inventory for Athleticks, a distributor of sports watches. From his experience, Mr. Jones knows that the PR-5 jogging watch has an average daily demand of 100 units and a performance cycle of 8 days.
Illustrate what is the possible daily output of this "process" if 8 hours of processing time is available each day. Given your output in part a, illustrate what is the efficiency of the process.
Cohen has an agreement with Forrester, his former partner to help out during the busy tax season, if needed, for an hourly fee of $125. Cohen will not even consider laying off one of his colleagues in the case of a slow economy.
The average business manager is not likely to know about or use the Federal Registry. Discuss whether or not it important for the average
Using these data, set up a c-chart with z = 2. Suppose the next five rolls from the supplier had three, two, five, three, and seven irregularitiies. Is the supplier process under control?
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