Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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- Additional Question. The XYZ steel company must determine a policy for ordering coal to operate 15 converters. The ordering cost is $85/order and the cost of holding coal is 15% of the purchasing cost. The XYZ has a contract to obtain the coal for $14 per ton for the coming year. Each converter requires exactly 8 tons of coal per day to operate, and the firm operates 300 days per year. a. Determine the optimal quantity of coal to receive in each order. b. Determine the total inventory-related cost associated with the optimal ordering policy c. Optimal number of orders to place per year and number of operating days between orders, based on the optimal ordering. d. The XYZ is now considering to the following discount policy provided by supplier: Order Quantity (tons) 1,000 - 1,999 Price per ton $14 $12 $10 2,000 - 2,999 3000+ Please help the XYZ to determine the amount the firm should order.arrow_forwardQuestion 39arrow_forwardQuestion13: Which of the following best describes dispute resolution through an arbitrator? A) A process where a neutral third party facilitates communication between disputing parties to help them reach a mutually acceptable solution. B) A process where a judge hears arguments from both sides and makes a legally binding decision. C) A process where a party decides the outcome of the dispute without the involvement of any third party. D) A process where an arbitrator makes a legally binding decision after hearing evidence from both sides.arrow_forward
- Question 10 Acompetitive advantage based on inimitability can be sustained for at least some time, if it has the following characteristics: Opsychographic uniqueness, path dependency, causal ambiguity, and substitutability. Ophysical uniqueness, path complexity, social ambiguity, and causal dependency. Opath dependency, causal ambiguity, rarity, and social substitutability. causal ambiguity, path dependency, physical uniqueness, and social complexity.arrow_forwardQuestion 3 Employers pay both social security and unemplolyment taxes. True Falsearrow_forward
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