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(Apparel Retailer) A large catalogue retailer of fashion apparel reported $100,000,000 in revenues over the last year. On average, over the same year, the company had $5,000,000 worth of inventory in their warehouses. Assume that units in inventory are valued based on cost of goods sold (COGS) and that the retailer has a 100 percent mark up on all products.
How many times each year does the retailer turn its inventory?
The company uses a 40 percent per year cost of inventory. That is, for the hypothetical case that one item of $100 COGS would sit exactly one year in inventory, the company charges itself a $40 inventory cost. What is the inventory cost for a $30 (COGS) item? You may assume that inventory turns are independent of the price.
The capacity plan is critical to managing the flow of materials on the shop floor. Why is insufficient capacity a concern?
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Magnetron, Inc. manufactures microwave ovens for the commercial market. Currently, Magnetron is producing part 2104. Next year's requirement for part 2104 is estimated at 20,000 units
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Define and describe the elements and potential benefits of integrated marketing communication (IMC).
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What Human Resource component within its operating environment is a major element of a firm's ability to satisfy its personnel needs
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The reference desk of a university library recives requests for asssistance. Assume that a poisson probability distribution with an arrival rate of 10 requets per hour.
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