How much money has he been losing with this practice

Assignment Help Operation Management
Reference no: EM131134094

Garden Variety Flower Shop uses 750 clay pots a month. The pots are purchased at $2 each. Annual carrying costs per pot are estimated to be 30 percent of cost, and ordering costs are $20 per order. Calculate the optimal order size and the corresponding total cost. The manager has been ordering two months of demand (1500 pots) at a time. How much money has he been losing with this practice?

Reference no: EM131134094

Superior security interest in the equipment

On January 1, Y-Company purchased equipment for $425,000 from Big Corporation for use in its manufacturing process. Y-Company paid for the equipment with funds borrowed from N

Security agreement covering the computer

WalMart sells computers to the public. WalMart sold and delivered a computer to Jess on credit. Jess executed and delivered to WalMart a promissory note for the purchase price

From business law perspective

From a business law perspective what a budding entrepreneur should know in order to successfully establish a domestic trading business in children’s garments where internation

What is strategic leadership

What is strategic leadership, who has primary responsibility for strategic leadership, and what are the five key strategic leadership actions?provide examples with your respon

Calculate the average waiting time for the helpdesk

You have been hired by a company at the helpdesk. The calls arrive at random according to a Poisson distribution and calls durations last according to an exponential distribut

Decide on the mix of products to produce

A manager must decide on the mix of products to produce for the coming week. Product A requires three minutes per unit for molding, two minutes per unit for painting, and one

Average time in minutes that student will be in bookstore

A college bookstore opens a booth and buys back used books during final exam week. From 9 to 12 in the morning students arrive at the rate of 40 per hour. The bookstore employ

Worth to replace the agent with the specialist

An immigration agent at an airport, on an average, could process 14 entrants in one hour, if he was busy all the time. On an average, an entrant arrives at his station at ever


Write a Review

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