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The owner of Genuine Reproductions (GR), a company that manufactures reproduction furniture, is interested in measuring inventory effectiveness. Last year the cost of goods sold at GR was $4,500,000. The average inventory in dollars was $500,000. GR plans on increasing next year%u2019s sales by 10 percent while maintaining its same average inventory in dollars of $500,000.
a. Calculate the expected inventory turnover for next year.b. Calculate the expected weeks of supply.
Your current equipment is fully depreciated and can produce the 2,000 units per year at a margin of only $4.00 per unit. Should you purchase the new equipment. Under illustrate what conditions.
Your management team has been retained by a senior manager who is concerned about the effectiveness of his managers and their leadership abilities.
Elucidate how well is project doing in terms of priorities. If one of industrial engineers assigned to your project would be available to work on project from Aug 22-27, 2008. Illustrate what would you tell him.
Another explanation for the action was that the partnership was getting more and more foreign clients and foreign clients prefer dealing with men.
How many units should be ordered each time that an order is placed? An order should be placed whenever total back-ordered demands sum to what?
Discuss how supply and demand would be affected under each of the four degrees of competition (pure competition, monopolistic competition, oligopoly
The following table shows orders to be processed at a machine shop as of 8:00 a.m. Monday. The jobs have different operations they must go through. Processing times are in days. Jobs are listed in order of arrival.
Sunny Park Tailors has been asked to make three different types of wedding suits for separate customers. The table below highlights the time taken in hours for (1) cutting and sewing and (2) delivery of each of the suits
As human resources (HR) director for an oil company, you are responsible for selecting 15 expatriates to go to work in Iraq for a five-year term. However, you are personally concerned about their safety
Briefly describe when qualitative versus quantitative forecasting methods would be used? Describe what linear regression is and how it can be used.
Customers arrive at Paul Harrold's Styling Shop at a rate of 3 per hour, distributed in a Poisson fashion. Paul can perform haircuts at a rate of 5 per hour, distributed exp1ntially. Find out average number of customers waiting for haircuts.
Traci buys Y&R clothing also likes "look," so she applied for position that day also was hired. This same system is used to hire sales associates from all races also ethnic groups, men also women. Is there a problem with this hiring practice? Expl..
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