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- need solution (d)Problem 12-5 (Algo) Garden Varlety Flower Shop uses 810 clay pots a month. The pots are purchased at $3.30 each. Annual carrying costs per pot are estimated to be 20 percent of cost, and ordering costs are $15 per order. The manager has been using an order size of 1,750 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.) Additional annual cost b.Other than cost savings, what benefit would using the optimal order quantity yield (relative to the order size of 1,750)? (Use the rounded order quantity from Part a. Round your final answer to the nearest whole percent.) About % of the storage space would be needed.Define INVENTORY CONTROL?
- Problem 16-16 (Algo) The McDonald's fast-food restaurant on campus sells an average of 4,800 quarter-pound hamburgers each week. Hamburger patties are resupplied twice a week, and on average the store has 465 pounds of hamburger in stock. Assume that the hamburger patties cost $3 a pound and there are 52 weeks in a year. a. What is the inventory turnover for the hamburger patties? (Round your answer to 2 decimal places.) Inventory turnover ratio per year b. On average, how many days of supply are on hand? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Average days of supplyProblem 20-14 (Algo) Charlie's Pizza orders all of its pepperoni, olives, anchovies, and mozzarella cheese to be shipped directly from Italy. An American distributor stops by every six weeks to take orders. Because the orders are shipped directly from Italy, they take five weeks to arrive. Charlie's Pizza uses an average of 160 pounds of pepperoni each week, with a standard deviation of 26 pounds. Charlie's prides itself on offering only the best-quality ingredients and a high level of service, so it wants to ensure a 99 percent probability of not stocking out on pepperoni. Assume that the sales representative just walked in the door and there are currently 500 pounds of pepperoni in the walk-in cooler. How many pounds of pepperoni would you order? (Use Excel's NORMSINV() function to find the correct critical value for the given a-level. Do not round Intermediate calculations. Round "z" value to 2 decimal places and final answer to the nearest whole number.) Amount of pepperoni's…Problem 3-14 (Algo) Demand for stereo headphones and music players for joggers has caused Nina Industries to grow almost 50 percent over the past year. The number of joggers continues to expand, so Nina expects demand for headsets to also expand, because, as yet, no safety laws have been passed to prevent joggers from wearing them. Demand for the players for this year was as follows: MONTH DEMAND (UNITS) 4,150 4,25e 3,950 4, 350 4,95e 4,650 5,25e 4,850 5,35e 5,65e 6,25e 5,95e January February March Аpril Мay June July August September October November December a. Using linear regression analysis, what would you estimate demand to be for each month next year? Using a spreadsheet, follow the general format in Exhibit 3.8. (Do not round Intermedlate calculatlons. Round your answers to 2 decimal places.) Month Forecast January February March April May June July August September October November December b. To be reasonably confident of meeting demand, Nina decides to use 3 standard errors…
- Q. Hotel California has 160 rooms. The hotel has an ample low-fare demand at the room rate of $200 per night, but the demand from the high-fare class which pays $450 per night on average, is uncertain. Table below shows the number of high-fare rooms that were booked during the past 30 days. How many rooms should Hotel California protect for high-fare customers to maximize its expected revenue? Number of high-fare rooms Frequency 0 5 1 3 2 6 3 8 4 4 5 1 6 1 7 2 Total=304. In the past, Peter Kelle's tire dealership in Baton Rouge sold an average of 1,100 radials each year. In the past 2 years, 220 and 250, respectively were sold in fall, 360 and 300 in winter, 150 and 160 in spring, and 320 and 440 in summer. With a major expansion planned, Kelle projects sales next year to increase to 1,300 radials. Part 2 Based on next year's projected sales, the demand for each season is going to be (enter your responses as whole numbers): Season Demand Fall __________Question 4 Santizit, Inc. produces a constant supply of hand sanitizer bottles (adjusted for seasonality) to its distributors. Recently the sales team increased their forecast to the distributors. With the updated sales forecast, the operations management met to discuss the need to revise their optimal, or economic, order quantity. During the meeting, your manager assigns you to calculate the economic order quantity of cases of hand sanitizer bottles that the plant would need to achieve to meet the forecasted supply to the distributors. The operations supervisor provides you with some key information. • There are 12 bottles in each innerpack. • Each case contains 5 innerpacks. • The average annual holding cost per case is $6. • The cost per order is $130. • The plant operates Monday through Friday and has two weeks per year that it is shut down for maintenance. The maximum inventory at the end of each production run is 4% greater than the demand. • Assume daily demand of 12,703 bottles…
- Question 8 You have recently been hired at a medium-scale food factory in Grove, East Bank Demerara, which produces wine from various fruits all throughout the year. You have noticed, however, large amounts of waste from the manufacturing being washed down and discharged directly into the main drainage canal outside the factory. In your own words, write a justification to your manager on why they should invest in a wastewater treatment set-up/plant.Defi ne capacityQuestion 1 How the Walmart company using FIFO ,LIFO warehouse storage style to manage their inventory? Please provide the definition, explanation and example that according to Walmart. NOTE: don't answer the question using accounting way of FIFO,LIFO .This is warehouse management subject.