A company uses the EOQ model to find order quantities and has its setup cost double while all other aspects stay the same, what happens to the average inventory level?

A large walk-in clinic processes (on average) 1,500 customers per day and is open for 15 hours. On average, there are 75 customers in the clinic at any given time. How long does an average customer spend in the clinic? 

The Dum-Dum Supply store is having a one-time offering of newspapers. Demand (x) is exponentially distributed with a mean of 10 units. The Marginal Benefit (MB) of a sale is equal to the cost of over-ordering. Which value shown below is closest to the number of units the store should order from its supplier? [Hint mean demand = 10, so  = 1/10 and

On a recent visit to the Plowstein Brain clinic we found that just 3 resources are required: an administrator, Mr. Red; a CA, Nurse White; and a Physician, Dr. Blue. From direct observation we find that each patient spends 0.3 hours with Administrator Red, 0.4 hours with Nurse White, and 0.15 hours with Dr. Blue. We have capacity cost rates of $45/hr for Red, $65/hr for White, and $300/hr for Blue. The clinic reports charges for each visit of $400 and the reimbursement for the visit is $200. If profit is predicted based on the capacity cost rates what is the profit for each visit?

The Conner Company uses a two-step process for making wooden boards with holes in them.  Step 1 is drilling and Step 2 is sanding. Drilling can be done using a hand drill that takes 2 minutes to load the bit and 2 minutes to drill each hole. If production of each unit involves drilling 14 holes, what is the maximum output of Step 1 using the manual drill if 1 setup is involved for each order of 1 board?

A claims adjuster employs 6 clerks for evaluating insurance claims. There are three steps in the process, and these steps take 1 hrs, 2 hrs, and 4 hrs respectively. The adjuster’s office works 8 hours a day. Starting from A, which is the first correct answer shown below assuming each clerk is assigned to one type of task for the day?

Which of the following are among Maister’s 8 principles that organizations can use to influence customers’ satisfaction with waiting times? (Hint: Recall the article: Prescription for the Waiting-in-Line Blues)

A corporation issues securities for $200,000 consisting of common shares and preferred shares. The fair values of the securities are: common shares $160,000 and preferred shares $40,000. How much of the proceeds should be allocated to preferred shares?

A corporation declares $60,000 in dividends. The company has 3,000 preferred shares with a $4 dividend per share and 20,000 common shares outstanding. The preferred shares are non-cumulative. How much of the dividend is paid to common shareholders?

A company declares a 2-for-1 stock split. Which statement best describes the effect of this transaction?