Flanders Bar and Grill orders cleaning supply kits using the EOQ model. The restaurant estimates that it uses 525 kits per year. The purchase price per kit is $12 with an estimated carrying cost rate of 15%. The cost to place an order from the kit supplier is $10. What is the maximum inventory level that the restaurant should expect?
a. 212.5
b. 76.4
c. 525
d. 38.2
b. 76.4
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An eight-year capital lease specifies equal minimum annual lease payments. Part of this payment represents interest and part represents a reduction in the net lease liability. The portion of the minimum lease payment in the fourth year applicable to the reduction of the net lease liability should be
a. the same as in the third year. b. less than in the third year. c. less than in the fifth year. d. more than in the fifth year.
During the fall of 2012, public school teachers in Chicago went out on strike over, among other things, salary and pay systems, performance reviews based on standardized test scores, and job protection for laid off teachers. Some people argued that the strike was evidence that the teachers' union was too powerful. Where does the teachers' bargaining power stem from? What factors place a "check" on teachers' bargaining power?
What will be an ideal response?
Which of the following is true about the American with Disabilities Act?
A) It requires employers to ask about an applicant's disabilities so that the employer knows if the applicant is covered. B) It affects only the employment of persons with disabilities. C) It clearly sets limits and requirements relevant to employers. D) It not only prevents discrimination based on disabilities, but employers can be required to incur costs in order to accommodate disabled individuals in their jobs.
The owner of Fiori Flower and Gift Shop has noticed a gradual decline in its number of customers over the last three years. The owner suspects that it is experiencing ________ due to the recent opening of a Kroger supermarket in the community.
A. Customer defection B. Customerization C. An ethical dilemma D. Customer empowerment E. Customer autonomizing