Gary and Diane must prepare a presentation for their marketi…
Gary and Diane must prepare a presentation for their marketing class. As part of their presentation, they must do a series of calculations and prepare 50 PowerPoint slides. It would take Gary 10 hours to do the required calculation and 10 hours to prepare the slides. It would take Diane 12 hours to do the calculations and 20 hours to prepare the slides. a. How much time would it take the two to complete the project if they divide the calculations equally and the slides equally? b. How much time would it take the two to complete the project if they use comparative advantage and specialize in calculating or preparing slides? c. If Diane and Gary have the same opportunity cost of $5 per hour, is there a better solution than for each to specialize in calculating or preparing slides?
Read Details(12 points; 3 points each part) Problem 6 MUST SHOW YOUR WOR…
(12 points; 3 points each part) Problem 6 MUST SHOW YOUR WORK KRAY Electronics is forecasting next year’s optimal order size. The total demand is 14,890 units, with a carrying cost of $3 per unit. The cost of placing an order is $90. Calculate the EOQ If it takes 28 days to receive an order from suppliers, at what inventory level should another order be placed? Assume that KRAY Electronics uses 14,890 units every 250 days. c. Calculate the total cost d. Now, assume that the carrying cost is expected to increase by 4% in 2025 due to an increase in rentals of warehouse space. Calculate the new EOQ. What is the impact of the increase in carrying cost on EOQ?
Read DetailsPlease click on the PDF below to view your exam. Write your…
Please click on the PDF below to view your exam. Write your answers on a blank sheet of paper. When finished, type “finished” in the box below, scan your work using OneDrive or CamScanner and then click on submit. Do not click on submit until after you have scanned your work. Then, upload your work to the turn in link posted below this exam. Honorlock Practice Exam 1.pdf
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