what are the formulas for calculating the following Calculate annual cost Calculate volume of products Calculate break-even price for the major product/output
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what are the formulas for calculating the following
Calculate annual cost
Calculate volume of products
Calculate break-even price for the major product/output
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- suppose your business is rental cloth collection, explain specifically the markets competitive advantage in the market place and how it will compete against more established competitors.Define the term Fluctuating Demand?Demand for products or services can be broken down into how many components and explain the components?
- Priceline.com is an online travel agency for finding discount rates for travel-related purchases such as airline tickets and hotel stays. The company facilitates the provision of travel services from its suppliers to its clients. Priceline's profit from the proceeds is the difference between the price suggested by a customer and the one charged by the service provider. It has also added a more traditional model, called Express Deals, where travelers have presented prices and a geographical perimeter within which the hotel will be located but are not told the name of the establishment.Determine in the above case how priceline.com will benefit most from different social networking platforms and tools?Faw Motors, Inc., was incorporated in Volkswagen on July 01, 2003. It has 4 plants across the China that design, manufacture, and market earth moving, construction, and materials handling equipment. It also manufactures engines for earthmoving vehicles and tractor-trailers. Faw Motors products are distributed worldwide. Net income last year totaled $350,000,000. Faw Motors has developed a "Transportation Quality" program in order to reduce shipping damages to its equipment and to ensure its just-in-time production and inventory system. The program consists of two parts. The first part ensures proper lifting and tie-down provisions by working with engineers in the design process. The second part focuses on internal practices to prepare the product for shipment. The chief transportation quality engineer has developed a carrier certification program for both inbound and outbound freight. The program establishes standards requiring the carrier to adhere to 100 percent performance. Use of…A firm’s cost of goods sold last year was $3,410,000, and the firm operates 52 weeks per year. It carries seven items in inventory: three raw materials, two work-in-process items, and two finished goods. The following table contains last year’s average inventory level for each item, along with its value. a. What is the average aggregate inventory value? b. How many weeks of supply does the firm maintain? c. What was the inventory turnover last year? Category Part Number Average Level Unit Value Raw materials Work-in-process Finished goods 1 2 3 4 5 6 7 15000 2500 3000 5000 4000 2000 1000 $3.00 5.00 1.00 14.00 18.00 48.00 62.00
- Describe A Stochastic single-period model for perishable products?Following are some of the information on demand and costs of a mobile phone manufacturer: Monthly Sales for previous year were 10,000 Mobile Phones. Overall Market has grown at 15% from the previous year. The company uses a third-party storage solution for keeping its inventory. The charges are Rs. 100/unit. For procuring the raw material company relies on a contractor which provides them a one stop solution and charges Rs. 3000 per order. The actual cost of the raw material is approximately 7000/unit. Using the above given information answer the following questions? What is the Economic Order Quantity for the company? If a working year is 300 days find out how many orders the company will place for the current year and what would the gap between two orders? What will be the total cost of inventory policy for the company? If the delivery lead time for receiving the order is 20 days what should be the reorder point for the company?Please provide long detailed answers…… OPMFORMULA is a medium-sized baby formula production plant in Boston, Massachusetts. The company has been in business for over 20 years, mainly producing baby formula for infant nutrition industry and selling the formula exclusively through its distribution network across the United States. Over the years, OPMFORMULA gradually expanded its production capacity and consumer base. However, over the past 24 months, the company has been faced with an unprecedented and unanticipated increase in demand, which has cleared out its storage facilities and exceeded its production capabilities. At this time, the demand continues to be extremely high. The company has an existing storage facility, specifically designed for long-term storage of baby formula (controlled climate, humidity, etc.), which can be converted to a new production line. The new production line would increase the existing manufacturing capabilities by 50%. However, this would require a…
- Define the term Joint Demand?A light bulb manufacturer uses descriptive analytics _____. A. to present supply chain to managers visually. B. to achieve efficiency in delivery of goods. C. to schedule staff and vehicle for delivery. D. to plan capacity utilization by incorporating the inherent uncertainty in commodities pricing.Walmart's is one of the major companies that has established a low cost in the supermarket industry. discuss the cost drivers that walmart and other low cost companies have used to achieve a low cost advantage over rivals