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Question: Michigan State Figurine Inc. (MSF) sells crystal figurines to Spartan fans. MSF buys the figurines from a manufacturer for $10 per unit. They send orders electronically to the manufacturer, costing $20 per order and they experience an average lead time of eight days for each order to arrive from the manufacturer. Their inventory carrying cost is 20 percent. The average daily demand for the figurines is two units per day. They are open for business 250 days a year. Answer the following questions:
a. How many units should the firm order each time? Assume there is no uncertainty at all about the demand or the lead time.
b. How many orders will they place in a year?
c. What is the average inventory?
d. What is the annual ordering cost?
e. What is the annual inventory carrying cost?
Discuss the value and use of quantitative and qualitative research and data in business. Articulate the difference between the two types of research and provide specific examples of when each would be valuable in addressing problems within a business..
Touche Corporation reported net income of $1,600,000 for 2014 and $2,000,000 for 2015. Touche paid dividends of $400,000 on December 6, 2014 and $500,000 on December 5, 2015. Prepare all journal entries for Deloitte Corporation for 2014 and 2015 that..
Coffee roasters inc sells whole bean and ground coffee to delicioso deli under an existing contract. when the cost of coffee beans increases,
For both problems assume that quantity produced = quantity demanded = quantity sold. The owner/manager of Randy Nets, a small sporting goods store, is considering a plan to offer a service to string tennis rackets.
An example can be articles on landing a large contract, reporting unusual profits or losses, expressing concern for future profitability, etc.
You are designing a grocery delivery business. Via the Internet, your company will offer staples and frozen foods in a large metropolitan area and then deliver them within a customer-defined window of time
The objective of the GENA is to encourage you to be informed of changes in the global business environment.
Analyze Good Year Tire Company on its Quality Management.Based on Quality Management, givediscussion (discuss finding and explain why QM practices can be deemed as success or failure)&recommendations (best practices for good year to apply theory ..
Sara works as an employee for ABC Company. Will the contractual provision mandating arbitration be enforced?
What are the some of the core rationales used in the forecast decisions presented in the case about Fiskars Corporation?
Which of the following statements about disclaimers is false? An employee's intention to leave an organization is influenced by ___________.
What is the duration of a bond with three years to maturity and a coupon of 7.9 percent paid annually if the bond sells at par?
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