Questions from General Business Management

Q: Dillard Travey receives 5,000 tripods annually from Quality Suppliers to

Dillard Travey receives 5,000 tripods annually from Quality Suppliers to meet his annual demand. Dillard runs a large photographic outlet, and the tripods are used primarily with 35-mm cameras. The or...

Q: Quality Suppliers, Inc., has decided to extend its shipping option

Quality Suppliers, Inc., has decided to extend its shipping option. (Refer to Problem 6-43 for details.) Now, Quality Suppliers is offering to ship the amount ordered in five equal shipments, one each...

Q: The Hardware Warehouse is evaluating the safety stock policy for all its

The Hardware Warehouse is evaluating the safety stock policy for all its items, as identified by the SKU code. For SKU M4389, the company always orders 80 units each time an order is placed. The daily...

Q: For SKU A3510 at the Hardware Warehouse, the order quantity has

For SKU A3510 at the Hardware Warehouse, the order quantity has been set at 150 units each time an order is placed. The daily demand is normally distributed, with a mean of 12 units and a standard dev...

Q: H & K Electronic Warehouse sells a 12-pack of AAA

H & K Electronic Warehouse sells a 12-pack of AAA batteries, and this is a very popular item. Demand for this is normally distributed, with an average of 50 packs per day and a standard deviation of 1...

Q: Describe what it means for two events to be independent.

Describe what it means for two events to be independent.

Q: Xemex has collected the following inventory data for the six items that

Xemex has collected the following inventory data for the six items that it stocks: Lynn Robinson, Xemex’s inventory manager, does not feel that all of the items can be controlled....

Q: Sunbright Citrus Products produces orange juice, grapefruit juice, and other

Sunbright Citrus Products produces orange juice, grapefruit juice, and other citrus-related items. Sunbright obtains fruit concentrate from a cooperative in Orlando consisting of approximately 50 citr...

Q: John Lindsay sells CDs that contain 25 software packages that perform a

John Lindsay sells CDs that contain 25 software packages that perform a variety of financial functions, including net present value, internal rate of return, and other financial programs typically use...

Q: Harry’s Hardware does a brisk business during the year. During Christmas

Harry’s Hardware does a brisk business during the year. During Christmas, Harry’s Hardware sells Christmas trees for a substantial profit. Unfortunately, any trees not sold at the end of the season ar...