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Neporo4naja [7]
3 years ago
15

The manager of the Quick Stop Corner Convenience Store (which never closes) sells four cases of Stein beer each day. Order costs

are $8.00 per order, and Stein beer costs $.80 per six-pack (each case of Stein beer contains four six-packs). Orders arrive three days from the time they are placed. Daily holding costs are equal to five percent of the cost of the beer.
1. At what point should he reorder Stein beer?
A. 0 cases remaining
B. 4 cases remaining
C. 12 cases remaining
D. 16 cases remaining
E. 20 cases remaining
2. If he were to order 16 cases of Stein beer at a time, what would be the length of an order cycle?
A. 0.25 days
B. 3 days
C. 1 day
D. 4 days
E. 20 days
3. If he were to order 16 cases of Stein beer at a time, what would be the average inventory level?
A. 4 cases
B. 12 cases
C. 8 cases
D. 20 cases
E. 16 cases
4. If he were to order 16 cases of Stein beer at a time, what would be the daily total inventory costs, EXCLUDING the cost of the beer?
A. $2.00
B. $4.00
C. $1.28
D. $3.28
E. $2.56
5. What is the economic order quantity for Stein beer?
A. 8 cases
B. 11 cases
C. 14 cases
D. 20 cases
Business
1 answer:
lana66690 [7]3 years ago
8 0

Answer:

1. C. 12 cases remaining

2. B. 3 days

3. A. 4 Cases

4. A. $2.00

5. B. 11 cases

Explanation:

4 cases of beer are sold everyday. The ordering cost is $8.00 per order,

Reorder point = Lead time * Units demanded per day

Reorder point = 3 days * 4 cases of beer = 12 cases remaining

Economic Order Quantity = \sqrt{\frac{2* Annual demand * Ordering cost}{Holding cost per unit} }

EOQ = 11 cases

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Research conducted by Harvard Business School found that the traditional 4 Ps model:
inna [77]

Answer:

B) is narrow and outdated.

Explanation:

The article's name is "Rethinking the 4 P’s" and it summarizes a 5 year study that involved more than 500 top level managers across the world. That study doesn't say that the 4 Ps are useless, it states that they are outdated. The study focused on the B2B market and it argues that the 4 Ps must be restated:

  • S ⇒ products to solutions
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8 0
3 years ago
Bonita Industries reported the following year-end information: beginning work in process inventory, $190000; cost of goods manuf
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Answer:

Bonita Industries's cost of goods sold for the year is $844,000

Explanation:

Beginning work in process inventory, $190000

Ending work in process inventory, $230000

Cost of goods manufactured, $866000

Beginning finished goods inventory, $252000

Ending finished goods inventory, $274000

Cost of Goods Sold = Beginning Finished Goods Inventory + Cost of Goods Manufactured – Ending Finished Goods Inventory

Cost of Goods Sold = $252000 + $866000 - $274000

Cost of Goods Sold = $844000

*Beginning work in process inventory and Ending work in process inventory has already been dealt in cost of goods manufactured calculations.

4 0
3 years ago
Dr. Riley, a professor in the economics department, finds that if he keeps his door open, people tend to stop in to say hello. T
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Answer:

1) Mindfulness

Explanation:

Mindfulness refers to being aware of your environment and paying attention to what happens around you, and at the same time being aware of your thoughts and bodily sensations.

In other words, it means that Dr. Riley is able to concentrate on what he is doing and at the same time is paying attention to what is around him.

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3 years ago
Chester has negotiated a new labor contract for the next round that will affect the cost for their product Cozy. Labor costs wil
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Answer:

See below

Explanation:

The above is an incomplete question. The concluding parts are assuming the following;

Selling price per unit = $54

Current total variable cost = $24.50

Total fixed cost = $69,000

New variable cost will increase by ($2.26 - $1.76)/2 = $0.25

New variable cost will be = ($24.50 + $0.25) = $24.75

Contribution margin = ($54 - $24.75) = $29.25

New fixed cost = ($0.25 × 2,339) + $69,000 = $69,585

Note:

Old break even units = $69,000/$29.5 = 2,335 units

Therefore,

New break even units

= Fixed cost/Contribution margin per unit

= $69,585/$29.5

= 2,397 units

Cozy would have to sell 2,397 units as opposed to 2,335 units in order to break even.

5 0
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What are the resources og microeconomics?
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Answer:

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