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An electronics firm is currently manufacturing an item that has a variable cost of $0.50 per unit and a selling price of $1.00 per unit. Fixed costs are$14,000 per month. Current volume is 30,000 units per month. The firm wants to improve the product quality by adding a new piece of equipment at an additional fixed cost of $6,000 a month. Variable cost would increase to $0.60 a unit but volume should jump to 50,000 units a month due to improved productivity. Although the new product is of a higher quality, the firm intends to stay with the selling price of $1.00 per unit (for competitive purposes). (a) Should the firm buy the new equipment? (b) The firm is now considering stepping the new volume to 45,000 units a month to produce even better quality products and increase the selling price to $1.10 a unit. Under these circumstances, should the company buy the new equipment and increase the selling price?
Complete additional investigation on the JIT and EOQ models. Discuss which of the two inventory models is better and why: Economic Order Quantity or Just-in-Time?
First printing has contracts with legal firms in San Francisco to copy their court documents. Daily demand is almost constant at 12,500 pages of documents.
Over the past week, the plant has produced an average of 9 tons per day since the third shift has devoted much of their time to preventive maintenance. It is currently averaging a 75% utilization rate. What is the capacity of the plant?
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.
Judge whether marketing occurred in this situation and justify your conclusions. Appraise the effectiveness of government regulation in controlling markets.
Examine how the total quality management process is a strategy for a competitive advantage for your business. Identify the key elements of just-in-time manufacturing and its impact on quality assurance for your selected business.
1. Propose a definition of innovation in your own words (50-100 words). 2. Compare the concepts of innovation, invention, and creativity.
Which organization created the CPT codes? a. American College of Healthcare Executives b. American Medical Association c. Heath Care Finance Administration (HCFA) d. World Health Organization
List three opportunities and three threats that could represent key factors facing your college or university. Briefly state your view of what institution should do in light of these factors.
What communication concepts or theories could be used to enhance communications through personal selling
in what type of interview would you be likely to talk with more than one person at a time? in a behavioral interview the applicant is prompted to give examples of how he or she has been?
Select one of panera Bread's competitors and discuss a disadvantage that panera has with the competitor and how this disadvantage may be overcome.
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