Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask HR Management Expert

The catering manager of LaVista? Hotel, Lisa? Ferguson, is disturbed by the amount of silverware she is losing every week. Last Friday? night, when her crew tried to set up for a banquet for 500? people, they did not have enough knives. She decides she needs to order some more? silverware, but wants to take advantage of any quantity discounts her vendor will offer.

?For a small order ?(2,000 pieces or? less) her vendor quotes a price of $1.80?/piece.

?If she orders 12,001 to 5,000 pieces, the price drops to ?$1.60?/piece.

?5,001 to 10,000 pieces brings the price to ?$1.40?/piece, and

?10,001 and above reduces the price to ?$1.25/piece.

?Lisa's order costs are ?$205 per? order, her annual holding costs are 5?%, and the annual demand is 47,000 pieces. For the best option? (the best option is the price level that results in an EOQ within the acceptable? range):

a) What is the optimum ordering? quantity? ____ units ?(round your response to the nearest whole? number).

?b) What is the annual holding? cost? ____ ?(round your response to two decimal? places).

?c) What is the annual ordering? cost? _____ ?(round your response to two decimal? places).

?d) What are the annual costs of the silverware itself with an optimal order? quantity? _____ ?(round your response to the nearest whole? number).

?e) What is the total annual? cost, including? ordering, holding, and purchasing the? silverware? ______?(round your response to two decimal? places).

HR Management, Management Studies

  • Category:- HR Management
  • Reference No.:- M92571332

Have any Question?


Related Questions in HR Management

Question consider various guidelines for approaching

Question: Consider various guidelines for approaching controversial topics, gathering evidence, forming judgments, and constructing arguments to persuade others to agree with our judgments. For this short assignment: Thi ...

1 description of social stratification please label

1. Description of Social Stratification (please label section) 1. Describe social stratification (specific to the social stratification you have chosen: gender, race, age or social class). Cite your source! 2. Who says t ...

1 which federal aviation regulations cover ldquooperating

1. Which Federal Aviation Regulations cover “operating rules”? 2. What does actionable recommendations mean to you? What would be an example of an actionable recommendation? 3. List the five phases for approval and accep ...

Assignment 1 bank of america or mcdonalds case studyfrom

Assignment 1: Bank of America or McDonald's Case Study From the Goldsmith & Carter textbook, select either the Bank of America (Chapter 2) or McDonald's (Chapter 9) case study for this assignment. Write a five to seven ( ...

First bank has recently begun to offer internet banking to

'First Bank' has recently begun to offer Internet banking to extend its range of services to the customer and decrease the demand on branch personnel. However, the web site has been experiencing difficulties with a slow ...

Question assignment commentarythe assignment assess the

Question: Assignment Commentary: The assignment assess the module three learning objective: identify the ADDIE steps and describe the process to identify needs, design, implement, and evaluate a training program; explain ...

1 this week you will be preparing a targeted resumeacute

1. This week, you will be preparing a targeted resumé, which is directed towards a specific job posting; however, your text details a few other types of resumés. Take a moment to review other types of resumés and the pur ...

Question evaluate the current compensation philosophy for

Question: Evaluate the current compensation philosophy for your organization or an organization of your choosing (from a third-person perspective). Write a three- page paper (not including the title and reference pages). ...

Question objectives an exploration of the evolving role of

Question: Objectives: An exploration of the evolving role of a Strategic Human Resource Management (SHRM) topic that moves to a human capital perspective. Guidelines: Students will complete a major research paper on a SH ...

Question the use of mobile devices has been increasing

Question: The use of mobile devices has been increasing rapidly over the past few years. These devices typically feature much smaller screens than desktop computers. List two strategies of how you could successfully impl ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As