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Garden Variety Flower Shop uses 670 clay pots a month. The pots are purchased at $2.40 each. Annual carrying costs per pot are estimated to be 10 percent of cost, and ordering costs are $10 per order. The manager has been using an order size of 2,000 flower pots.
a. What additional annual cost is the shop incurring by staying with this order size? (Round your optimal order quantity to the nearest whole number. Round all other intermediate calculations and your final answer to 2 decimal places. Omit the "$" sign in your response.)
Additional annual cost $_____________
b. Other than cost savings, what benefit would using the optimal order quantity yield (relative to the order size of 2,000)? (Use the rounded order quantity from Part a. Round your final answer to the nearest whole percent. Omit the "%" sign in your response.)
About ________ % of the storage space would be needed.
How do the following activities contribute to the US Economy? Explain your answers clearly and be precise. c. An appliance store finally sold for $2,000, a stereo set that had been sitting in its warehouse for two years. create three to five presenta..
Play Around Toys Inc. operates stores in different regions of the country. The senior management of Play Around Toys Inc. has decided to tailor the merchandise selection for each store based on its sales patterns. How could information systems help m..
In the classical conception of tragedy, the main character is destroyed through a "tragic flaw" in his character or through a tragic error. In your own view, what is the nature of Hamlet's tragic flaw and how does it contribute to his demise?
Describe and explain the major differences between US system of healthcare delivery with Canada, England, France, Mexico, Brazil, Germany, India, Cuba, Japan and Massachusetts healthcare delivery systems.
"Generation plagiarism" by trip gabriel, Copying and pasting from the web is just like copying from a book. But too many students either don't know that it's cheating-or don't care. (from the new-york times Upfront, Vol. 143, October 25, 2010)
Some companies have derailed affirmative action plans, complete with goals and timelines, for womaen and minorities, and yet have no formal human resource plan for the organization as a whole. Why might this be the case?
You have read about ethics and social responsibility, and perhaps watched this week’s video selection. Consider what you have learned, and apply it to your own business area. In this week’s class discussion, you will describe ethical situations in a ..
If a tribe is a sub grantee with the State for Hazard Mitigation Grant Program funding after a declared disaster, partnership with the State is important to ensure that:
your team is working on the opportunity assessment when you are notified there will be room on the agenda of the senior
Write a memo to attach to the agenda for a team meeting. State the issues you know of.
Compare and contrast incentive plans that would be appropriately offered to engineers versus their managers.
Provide examples of each of the eight types of waste described in this chapter for the following service operations:
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