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11. Akers Inc. maintains average inventory of $1 000 000 (at cost). Last year Akers sales…

11. Akers Inc. maintains average inventory of $1,000,000 (at cost). Last year, Akers sales volume was $10,000,000 and cost of goods sold was $7,000,000. Akers has deter- mined that its inventory carrying cost is 15 percent annually. What was the inventory turnover rate? How much was the inventory carrying cost for the year? 12. The following table contains data about the inventory for five items at Jones Corpora- tion. Complete the missing items in the table. Item # Beginning Unit…

Distinguish between the common laws mirror image rule and the Uniform Commercial Codes (UCCs)…

Distinguish between the common laws mirror image rule and the Uniform Commercial Codes (UCCs) provisions for dealing with variant acceptances. Under the umbrella of contract law, the mirror image rule refers absolute and unequivocal requirement of acceptance. It is also stated that the offeree must have to accept without making any kind of modifications. In this sense, offeror is only a master of his or her own offer. If any counter offer comes against original offer then it will cancel…

Create three organizational policy statements that may have prevented the security breach.

Create three organizational policy statements that may have prevented the security breach. The most important organizational policy to prevent a security breach should be uniformity of law. Every organization should treat its employee as equal when it comes to security. Even a peon or a CEO should go through the same processes of security check and surveillance while entering the campus or in any event. Another organizational policy statement should be to lead from the front. Unless the senior management…

Refer to Problem D.22. A new registration manager Dwayne Cole is hired who initiates a program…

Refer to Problem D.22. A new registration manager, Dwayne Cole, is hired who initiates a program to entertain the people in line with a juggler whom he pays $15/hour. This reduces the waiting costs to $50 per hour. a) What is the optimal number of servers? b) What is the cost for the system, per hour, at the optimal service level? Problem D.22 The registration area has just opened at a large convention of dentists in Tallahassee, Florida. There are…

What is your understanding of the term Responsible Commerce ? Why is it or is it not…

What is your understanding of the term " Responsible Commerce'? Why is it, or is it not important? Responsible commerce implies the general population who are included in business ought to be in charge of the business and each part of it which is carried on by the association or the general population of the association. It is important for every organization because of Social commitment can be portrayed as the obligation of the relationship to work in ways that…

The Wellton Fund is a balanced mutual fund that includes a mix of stocks and bonds. Following are

The Wellton Fund is a balanced mutual fund that includes a mix of stocks and bonds. Following are the year-end share prices of the fund and Dow Jones Industrial Average (DJIA) for a 20-year period: Year Share Price DJIA 1 $14.75 1,046 2 15.06 1,258 3 14.98 1,211 4 15.73 1,546 5 16.11 1,895 6 16.07 1,938 7 16.78 2,168 8 17.69 2,753 9 16.90 2,633 10 17.81 3,168 11 19.08 3,301 12 20.40 3,754 13 19.39 3,834 14 24.43…

transportation engineering

studies have shown that the traffic flow on a two lane road adjacent to a chool can be described by the Greenshields model. A length of 0.5 mile adjacent to a school is described as a school zone and operates for a period of 30 minutes just before the start of school and just after the close of school. the posted speed limit for the school zone during its operation is 20mile/hour. data collected at the site when the school…

Joe contracts with Larry of Midwest Roofing to fix Joes roof. Joe pays half of the contract…

Joe contracts with Larry of Midwest Roofing to fix Joes roof. Joe pays half of the contract price in advance. Larry and Midwest complete the job, but Joe refuses to pay the rest of the price. What can Larry and Midwest do? As per the terms of contract, the involved parties have power to bring a lawsuit against any contract breaching party to protect their interest in contract and imposing pressure on contract breaching pray to perform entire obligations without…

Case Two Where Virtual Worlds and AI Collide The use of information systems saves workers and…

Case Two Where Virtual Worlds and AI Collide The use of information systems saves workers and businesses countless hours of tedious labor. Still, users of information systems often become frustrated with the systems inability to grasp simple common sense knowledge. Why cant you understand what I need? is a typical response to a computer incapable of working outside the framework for which it was designed. The solution is to create computer systems that use AI and guess what the user…

It is frequently suggested that items that will become potential

It is frequently suggested that items that will become potential problems later in the project life be decided up front, such as how to allocate revenues or dispose of project assets. How can this wisdom be used for project problems that cannot be foreseen? There are several risks in undertaking projects that have potential impact on significant elements of the project. These risks and their impact on cost, schedule and performance of the project should be identified. The alternative courses…