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- 22. A purchasing agent for a particular type of silicon wafer used in the production of semiconductors must decide among three sources. Source A will sell the silicon wafers for $2.50 per wafer, independently of the number of wafers ordered. Source B will sell the wafers for $2.40 each but will not consider an order for fewer than 3,000 wafers, and Source C will sell the wafers for $2.30 each but will not accept an order for fewer than 4,000 wafers. Assume an order setup cost of $100 and an annual requirement of 20,000 wafers. Assume a 20 percent annual interest rate for holding cost calculations. a. Which source should be used, and what is the size of the standing order? b. What is the optimal value of the holding and setup costs for wafers when the optimal source is used? c. If the replenishment lead time for wafers is three months, determine the reorder point based on the on-hand level of inventory of wafers.Pipe Company orders six irrigation pumps from Quality Pumps Inc. The pumps are stored in Re-storage Warehouse. Under the terms of the order, Quality must give Pipe a warehouse receipt for the goods, which the buyer will then pick up. Title to the goods passes to Pipe when a. Quality stores the pumps. b. Pipe picks up the pumps. c. Quality gives Pipe the warehouse receipt. d. Pipe orders the pumps.Margo wants to reduce the cost of selling of her Christian Dior shares, Matt suggested that sheshould use European electronic crossing network to sell some of her shares. He told Margo thatthese networks are cheap, preserve anonymity and allows for 6 crossing opportunities of tradesper day. They also allow participants to place some restrictions such as price and minimum fill.All orders submitted to the network is good for a day which means that any unfulfilled part ofan order is automatically resubmitted to subsequent crossing sessions during the day. FollowingMatt’s advice, Margo has submitted her 160,000 CD shares to be sold in the European crossingnetwork with a minimum fill of 125,000. The following orders are on the network for the sharesof CD at the time of the first crossing session of the day. The most recent trading price of CDat the Paris Bourse is €36.• A order: a market order to buy 80,000 shares• B order: a market order to sell 55,000 shares• C: an order to buy 20,000…
- Manchester United Soccer Club Nicolette Larson was loading the dishwasher with her husband, Kevin, and telling him about the first meeting of the Manchester United Tournament Organizing Committee. Nicolette, a self-confessed “soccer mom,” had been elected tournament director and was responsible for organizing the club’s first summer tournament. Manchester United Soccer Club (MUSC), located in Manchester, New Hampshire, was formed in 1992 as a way of bringing recreational players to a higher level of competition and preparing them for the State Olympic Development Program and/or high school teams. The club currently has 24 boys and girls (ranging in age from under 9 to 16) on teams affiliated with the New Hampshire Soccer Association and the Granite State Girls Soccer League. The club’s board of directors decided in the fall to sponsor a summer invitational soccer tournament to generate revenue. Given the boom in youth soccer, hosting summer tournaments has become a popular method for…Manchester United Soccer Club Nicolette Larson was loading the dishwasher with her husband, Kevin, and telling him about the first meeting of the Manchester United Tournament Organizing Committee. Nicolette, a self-confessed “soccer mom,” had been elected tournament director and was responsible for organizing the club’s first summer tournament. Manchester United Soccer Club (MUSC), located in Manchester, New Hampshire, was formed in 1992 as a way of bringing recreational players to a higher level of competition and preparing them for the State Olympic Development Program and/or high school teams. The club currently has 24 boys and girls (ranging in age from under 9 to 16) on teams affiliated with the New Hampshire Soccer Association and the Granite State Girls Soccer League. The club’s board of directors decided in the fall to sponsor a summer invitational soccer tournament to generate revenue. Given the boom in youth soccer, hosting summer tournaments has become a popular method for…Congress is give the exclusive power to adopt regulations under the commerce caluse for which of the following? (Choose all of the correct answer). A. Amtrack train fares between L.A. and Reno, Nevada B. Lyft fares charged in Las Vegas C. Air fares charged by airlines between S.F. and New York D. Bus fares between L.A. county and Phoenix, Arizona E. Catamaran fares between Huntington Beach and San Clemente Island
- The trade association for cement manufacturers has started a program asking its members to file weekly reports on their levels of production, sales, and prices. The association distributed this information to its members in a monthly newsletter. Describe the information that would most likely be requested in a court hearing to determine whether or not this practice is legal.Eastman Kodak Co. (Kodak) manufactures and sells photocopiers and micrographic equipment. In addition, Kodak provides customers with service and replacement parts for its equipment. Kodak produces some of the parts itself. The other parts are made to order for Kodak by independent original equipment manufacturers (OEMs). Rather than selling a complete system of original equipment, lifetime parts, and lifetime service for a single price, Kodak furnishes service after an initial warranty period, either through annual service contracts or on a per-call basis. Kodak provides between 80 and 95 percent of the service for Kodak machines. In the early 1980s, independent service organizations (ISOs) began repairing and servicing Kodak equipment, as well as selling parts for it. ISOs kept an inventory of parts, purchased either from Kodak or from other sources (primarily OEMs). In 1985, Kodak adopted policies designed to limit ISOs’ access to parts and to make it more difficult for ISOs to…Abel has extensive knowledge regarding the schools in his area, where nearby parks are, and the restrictive covenants in the nearby subdivision. Abel likely specializes in: commercial sales agricultural sales industrial sales residential sales
- A cattle producer purchased an insurance contract form the USDA Risk Management Agency. The contract pays a fixed dollar amount if and only if the rainfall in the 10 by 10 miles grid surrounding the producer’s land falls below 90 percent of the historical average rainfall. According to the lecture, this is a type of _____ insurance A cattle producer purchased an insurance contract form the USDA Risk Management Agency. The contract pays a fixed dollar amount if and only if the rainfall in the 10 by 10 miles grid surrounding the producer’s land falls below 90 percent of the historical average rainfall. According to the lecture, this is a type of _____ insurance weather pure parametric aggregate loss index parametric indexNicolette Larson was loading the dishwasher with her husband, Kevin, and telling him about the first meeting of the Manchester United Tournament Organizing Committee. Nicolette, a self-confessed “soccer mom,” had been elected tournament director and was responsible for organizing the club’s first summer tournament. Manchester United Soccer Club (MUSC), located in Manchester, New Hampshire, was formed in 1992 as a way of bringing recreational players to a higher level of competition and preparing them for the State Olympic Development Program and/or high school teams. The club currently has 24 boys and girls (ranging in age from under 9 to 16) on teams affiliated with the New Hampshire Soccer Association and the Granite State Girls Soccer League. The club’s board of directors decided in the fall to sponsor a summer invitational soccer tournament to generate revenue. Given the boom in youth soccer, hosting summer tournaments has become a popular method for raising funds. MUSC teams…Katmir is a manufacturer of mattresses in Kordofan Sudan. The company is 100 percent owned by the Alnashar family and all of the management are related to the founder, El Hussein Alnashar, who all employees refer to as “Honored Boss.” Honored Boss does not trust accounting records and only has an outside accountant (who is his nephew) come to the factory for the last two weeks of every second month to do a physical inventory, put together financial statements, and do tax estimates. For some time, Honored Boss has been looking for a buyer for his company because he wants to retire and he does not trust any of this children or relatives to run the company. Centaur Sleep Products of Cairo has shown an interest in purchasing the company. Centaur wishes to send an audit team to Katmir to do a physical inventory and review the books. Required: In determining what time the auditors should go to the Katmir factory to do their procedures, they consider such matters as: (1) the…