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A large bakery buys flour in 25-pound bags. The bakery uses an average of 4,500 bags a year. Preparing an order and receiving a shipment of flour involves a cost of $10 per order. Annual carrying costs are $75 per bag. a. Determine the economic order quantity. (Do not round intermediate calculations. Round your final answer to the nearest whole number.) Economic order quantity bags b. What is the average number of bags on hand?(Round your answer to the nearest whole number.) Average number of bags c. How many orders per year will there be? (Round your final answer to the nearest whole number.) Number of orders per year d. Compute the total cost of ordering and carrying flour. (Round your answer to 2 decimal places. Omit the "$" sign in your response.) Total cost $ e. If holding costs were to increase by $9 per year, how much would that affect the minimum total annual cost?
You pull together your Core Liaison Group and start TT&E. What sort of training and exercises would you go through to help prepare your team for the eventual zombie attack and viral infection?
University of florida football programs are printed 1 week prior to each home game. Attendance averages 60,000 screaming and loyal Gator fans, of which two-thirds usually buy the program, following a normal distribution, for 4 each. What is the cost ..
The textbook reading for this module presents the idea of the "big company/small company hybrid." In what instances is this tool effective for merging strategic and structural fit? Why?
You are considering a project with the following data: IRR = 8.7 percent; PI = .98; NPV = -$393; Payback period = 2.44 years. Which one of the following statements is correct given this information? The discount rate used to compute the profitability..
If leaders establish control mechanisms that are consistent at both the individual level via Purpose and Principles and the system level via Processes: Inconsistent signals will be communicated to employees. Employees will have inconsistent behavior...
A location analysis has been narrowed down to three locations. The management needs to select the best location. The critical success factors, their weights, and the ratings for each location are shown below:
The decision-making process can be hindered when one values the group to which he belongs and does not want to risk his membership. It can also be hindered when incorrect inferences are made. What causes group polarization? What causes groupthink? Wh..
What is the importance of cross functional decision-making in the area of Operations Management and in the success of the firm.
Discuss an ethical situation in the past year involving a company. Describe the ethical issue. Do you agree with how the firm handled the ethical issue, and why?
Discuss how the news audience has changed from the 1970's until now. Do you feel that Americans can still find unbiased news anywhere today? why or why not?
What is meant by the term "mark-to-market'? What are the implications for those trading in futures contracts?
Refer to "Competing on Analytics." How can a company become and prosper as an analytics competitor? What are the sources of strength for an analytics competitor? How has this article influenced your views about quantitative business modeling and its ..
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