Starbucks wants to calculate how many baristas are required in the coffee shop. It operates 313 days a year for 11 hours each day. The owner wants a capacity cushion of 12% to deal with unexpected fluctuations in demand. This year the owner is forecasting 500,000 customers with an average time of 3 minutes. Select one: O a. 9 O b. 12 O c. 10 O d.7

Starbucks wants to calculate how many baristas are required in the coffee shop. It operates 313 days a year for 11 hours each day. The owner wants a capacity cushion of 12% to deal with unexpected fluctuations in demand. This year the owner is forecasting 500,000 customers with an average time of 3 minutes. Select one: O a. 9 O b. 12 O c. 10 O d.7

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Starbucks wants to calculate how many baristas are required in the coffee shop. It operates
313 days a year for 11 hours each day. The owner wants a capacity cushion of 12% to deal with
unexpected fluctuations in demand. This year the owner is forecasting 500,000 customers
with an average time of 3 minutes.
Select one:
O a. 9
O b. 12
О с. 10
O d. 7

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An auto parts supplier sells batteries to car dealers and auto mechanics. The annual demand is approximately 1,200 batteries. The suppliers pays $28 for each battery and estimates that the annual holding cost is $8.40 per year. It costs approximately $20 to place an order. Assume a 250-day working year. a. Compute for the EOQ round off your answer to the nearest whole number. b. Compute for the expected number of orders. Round off your answer to the nearest whole number. c. Compute for the expected time between orders. Round off your answer to the nearest whole number.
1. a) Zoey Enterprises manufactures solar engines for helicopters. Given the fuel savings available, new orders for 125 units have been made by customers requesting credit. The variable cost is $11,400 per unit, and the credit price is $13,000 each. Credit is extended for one period. The required return is 1.9 percent per period. If Zoey Enterprises extends credit, it expects that 30 percent of the customers will be repeat customers and place the same order every period forever, and the remaining customers will place one-time orders. Should credit be extended? b)Now, assume that the probability of default is 15 percent. Should the orders be filled now? Assume the number of repeat customers is affected by the defaults. In other words, 30 percent of the customers who do not default are expected to be repeat customers. Please answer both part a and b!
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