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1. Safety stock exists for which of the following reasons?
3. A batch of Raisin Bran that has been made at Kellogg's but not yet packaged in its final cereal box would be an example of what type
of inventory?
A. Raw material
B. Work-in-process
C. Finished goods
D. Maintenance, repair, and operating supplies (MRO)
4. Ball Corporation sells aluminum cans to Anheuser-Busch to use in making six-packs of Budweiser. Anheuser-Busch has a warehouse
located at its plant in St. Louis which contains boxes of empty cans received from Ball. From Anheuser-Busch's perspective, the cans in
this warehouse represent:
5. Taxes and insurance costs are an example of which of the following costs?
A. Ordering cost.
B. Governmental costs.
C. Carrying (or holding) costs.
D. None of these selections.
7-1
Copyright © 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
6. John Jones of Jones Corporation determined that the cost related to processing an invoice from a supplier was approximately $100
per invoice. This cost is an example of:
7. Johnson Company had beginning inventory of $1,000,000 and ending inventory of $1,200,000. Johnson has determined inventory carrying
cost to be 25 percent. Johnson's inventory carrying cost was:
A. $250,000.
B. $275,000.
C. $300,000.
D. $500,000.
8. Suppose demand is 45 units a month, average inventory is 60 units, and unit cost is $20. What is the annual inventory turnover?
A. 10
B. 9
C. 0.75
D. 15
9. If beginning inventory is $1,000,000, ending inventory is $1,400,000, sales are $10,000,000, and anticipated sales are $50,000 per day,
what is the days of supply?
A. 28 days
B. 70 days
C. 60 days
D. 32 days
10. Natalie's Cabinets makes cabinets at an average cost of $2,000. Last year, Natalie sold 5,000 units of the cabinets and had an annual
turnover rate of 4 times. Natalie has estimated her inventory carrying cost to be 25 percent. What was Natalie's annual inventory
carrying cost?
A. $625,000
B. $250,000
C. $312,500
D. $125,000
7-2
Copyright © 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
11. Next year a tire company wants to have an inventory turnover rate of 22 times per year. To achieve this turnover rate, what should be
the average number of days of supply?
A. 16.6 days
B. 36 days
C. 0.6 days
D. 22 days
13. Jones Manufacturing Inc. purchases a component from a Chilean supplier. The demand for that component is exactly 70 units each day.
The company is open for business 250 days each year. When the company reorders the product, the lead time from the supplier is exactly
10 days. The product costs $14.00. The company determined that its inventory carrying cost is 20 percent. The company's order cost is
$30.00. If the company decides to order 1,750 units each time it places an order, what will be the total annual cost of this policy? (Do not
include the product cost in your answer.)
A. $1,500
B. $2,400
C. $2,750
D. $3,400
14. University Book Store buys women's polo T-shirts from a supplier according to the price schedule shown below. The store sells 500,000 T-shirts
each year. The annual carrying cost of T-shirts is 25 percent, and the ordering cost is $40.
What order quantity would give the Book Store the lowest total acquisition cost? (Due to possible differences in rounding, choose the
closest answer.)
A. 2,139
B. 2,237
C. 2,500
D. 2,614
AACSB: Analytical
Thinking Blooms: Analyze
Gradable: automatic
Learning Objective: 07-04 Calculate inventory policy parameters to minimize total acquisition cost in continuous review; periodic review; and single period
models. Level of Difficulty: 2 Medium Topic: The Continuous Review Model
7-3
Copyright © 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
15. University Book Store buys women's polo T-shirts from a supplier according to the price schedule shown below. The store sells 500,000 T-shirts
each year. The annual carrying cost of T-shirts is 25 percent, and the ordering cost is $40.
The lowest total annual acquisition cost for Book Store quantity is closest to (Due to possible differences in rounding, choose the
closest answer.):
A. $16,018,000
B. $16,018,708
C. $17,518,707
D. $16,258,000
AACSB: Analytical
Thinking Blooms: Analyze
Gradable: automatic
Learning Objective: 07-04 Calculate inventory policy parameters to minimize total acquisition cost in continuous review; periodic review; and single period
models. Level of Difficulty: 3 Hard Topic: The Continuous Review Model
16. Alpha Company places 10 orders per year with its supplier. Each order is for an amount exactly equal to the EOQ. Alpha's order cost
has been determined to be $50 per order. Alpha carries no safety stock at all. What is Alpha's annual inventory carrying cost?
17. Alpha Company places 10 orders per year with its supplier. Each order is for an amount exactly equal to the EOQ. Alpha has determined
its annual inventory carrying cost is $2,000. Alpha carries no safety stock at all. What is Alpha's order cost per order?
18. Jones Company has calculated that the EOQ for a particular item is 1,000 units. However, Jones does not have enough capital to order
that many units each time, so it only orders 250 units at a time. This will result in:
A. Higher annual inventory carrying cost than ordering the EOQ quantity.
B. Lower annual inventory carrying cost than ordering the EOQ quantity.
C. Lower annual ordering cost than ordering the EOQ quantity.
D.
Cannot be determined.
7-4
Copyright © 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
19. Blue Star Co. has been using the production order quantity inventory model. If annual demand, daily demand, and the production rate
increase to four times their original amounts, which of the following is/are possible consequence(s)?
20. Bryson Carpet Mills produces a variety of different carpets. Changing from production of one carpet to another involves a setup cost of
$500. One particular carpet costs $8/yard to produce. Annual demand for this style is 50,000 yards. Bryson Mills produces carpet 200 days
per year. The production process is most efficient when 2,000 yards/day are produced. Inventory carrying cost is estimated at 20 percent
annually. What should be the production order quantity?
A. 4,675 yards
B. 5,976 yards
C. 8,750 yards
D. 2,500 yards
21. A company has average demand of 30 units per day. Lead time from the supplier averages 7 days. Assume that the combined standard
deviation of demand during lead time has been calculated and is equal to 20 units. One unit costs $10 and the inventory carrying cost is
25 percent.
Suppose management decides it wants to offer a 95 percent service level. That is, it is willing to experience a stockout probability of 5
percent during the order cycle. What is the annual cost of this safety stock policy?
A. $82.50
B. $87.50
C. $115.00
D. $62.50
7-5
Copyright © 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
22. A company has average demand of 30 units per day. Lead time from the supplier averages 7 days. Assume that the combined standard
deviation of demand during lead time has been calculated and is equal to 20 units. One unit costs $10 and the inventory carrying cost is
25 percent.
What is the reorder point for the company if it decides on a 99 percent service level?
A. 243 units
B. 257 units
C. 77 units
D. 210 units
AACSB: Analytical
Thinking Blooms: Analyze
Gradable: automatic
Learning Objective: 07-04 Calculate inventory policy parameters to minimize total acquisition cost in continuous review; periodic review; and single period
models. Level of Difficulty: 2 Medium Topic: The Continuous Review Model
What is the EOQ if HighLife pays $45/unit? Due to possible differences in rounding, choose the closest answer.
A. 287
B. 300
C. 365
D. 398
7-6
Copyright © 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
24. HighLife Corporation has the following information:
What is the TAC at $40/unit?(pick the number closest to the correct answer)
A. $351,750
B. $362,325
C. $355,840
D. $362,240
7-7
Copyright © 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
25. HighLife Corporation has the following information:
What is the safety stock that HighLife Corporation should carry for its desired service level of 95
A. 149
B. 90
C. 86
D. 112
26. A company recently lowered its service performance from 99 percent product availability to 97 percent product availability. The change
saved the company exactly $1 million per year in inventory carrying cost. Senior management now wants to lower the service level to 95
percent from 97 percent. Such a further change is likely to save:
7-8
Copyright © 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
27. When calculating a reorder point (ROP), which of the following factors WOULD NOT affect the calculation?
A. Item's EOQ
B. Delivery lead time.
C. Demand during the delivery lead time.
D. Standard deviation of demand during delivery lead time.
E. All of these would affect the ROP.
28. Which of the following statements is true regarding a periodic review inventory system?
A. Safety stock is not needed when periodic review systems are used.
B. The same quantity of inventory is ordered each time an order is placed.
C. Inventory replenishment orders are placed in equal increments of time.
D. None of the selections are true.
29. Bill's Food Emporium uses the periodic system to order cans of Cajun seasoning every 30 days. It typically takes the supplier 10 days
to resupply Bill. Sales average 8 units per day with a standard deviation of 2 units per day. Bill does not carry any safety stock of Cajun
seasoning. If he runs out for a period of time, he doesn't care. Bill just counted his inventory of Cajun seasoning and found 22 cans on
the shelf. How many cans should Bill order?
A. 342
B. 218
C. 262
D. 298
30. Jasper's Grocery places an order for Monster every 15 days. Once the order is placed, delivery to the store typically occurs in 3 days.
Average demand is 5 cases per day, and the standard deviation of demand is 1.5 cases per day. The store policy is to stock an amount
of inventory that allows for an average stockout condition of 5 percent (1.65 standard deviations) while waiting for replenishment. It is
time to place an order, and there are 20 cases on hand. How many units should be ordered?
A. 90 cases
B. 80 cases
C. 75 cases
D. 86 cases
31. You have a one-time opportunity to buy an item. It costs $20 and sells for $50. It has $4 salvage value if it does not sell. What is the
target service level?
A. 50 percent
B. 65.21 percent
C. 80 percent
D. 66.67 percent
7-9
Copyright © 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
32. At each of its home games, the Washington Check-Kiters football team sells programs that give statistics of the teams involved in the current
game's contest. Since each game brings a different visiting team, a program is only of value for one contest, and no returns will be accepted by the
supplier. On a per-program basis, the selling price is twice the cost. The target service level that will yield the most profits is:
A. 33 percent
B. 50 percent
C. 67 percent
D. 75 percent
33. Johnson Manufacturing has decided to consolidate its warehouses and reduce the number of locations from 12 to four. However,
Johnson desires to maintain the same service level in terms of the risks of running out of stock in attempting to meet customer demand.
As a result, Johnson can expect that:
34. What might a company do to reduce the amount of cycle stock it holds?
35. Which of the following might a company try to do to reduce the total amount of safety stock it holds?
36. The ABC analysis used for analyzing inventory is an example of:
7-10
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McGraw-Hill Education.
37.
Which of the following pieces of information is identified in the original 12-digit UPC code?
A. Product price.
B. Where product was manufactured.
C. The manufacturer of the item.
D. All of these are part of a UPC code.
38. ___________ inventory is the costliest form of inventory one can hold.
A. Finished goods
B. Raw materials
C. Components
D. Work-in-process
39. When small changes generated by a customer produce progressively larger changes at each stage upstream in the supply chain, this is
known as:
A. Buffering.
B. Bullwhip effect.
C. Pareto effect.
D. Vendor managed inventory.
40. Which of the following are NOT often associated with a vendor-managed inventory (VMI) arrangements?
41. A difference between periodic review and continuous review inventory systems is:
7-11
Copyright © 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
42. A retail store’s average sales are $100,000 per week. On average it holds $500,000 worth of inventory valued at cost to the retailer.
The retailer’s average pricing includes a mark-up of 30 percent. The retailer’s annual inventory turnover is:
A. 0.2
B. 10.4
C. 13.5
D. 8
43. You have a one-time opportunity to buy an item. It costs $50 and sells for $100. It’s disposal value equals its salvage value. What is the
target service level?
A. 50 percent
B. 25 percent
C. 80 percent
D. 66.67 percent
44. Suppose a chief supply chain officer takes the total of all purchasing managers’ annual salaries and divides this number by the
number purchase orders placed in a year. This calculation would provide insight into what kind of inventory cost?
A. Purchasing costs
B. Ordering costs
C. Holding costs
D. System management costs
45. Texas Manufacturing has decided to triple the number of distribution centers it operates around North America in order to locate
inventories within 500 miles of each major city. What effects should they expect?
7-12
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McGraw-Hill Education.
46.
Jay’s Café orders cans of beans every 2 weeks. It typically takes the supplier 2 days to fulfill the order. Jay uses 5 cans per day on
average, with a standard deviation of 2 units per day. Assume that Jay wants to have a 50% service level on the availability of beans.
There are currently 5 cans of beans in Jay’s inventory. How many cans should Jay order?
A. 100
B. 80
C. 85
D. 75
47. General Hospital uses disposable diapers at a rate of 200 per day, with a standard deviation of 20. To place and receive a replenishment
of diapers from the third party logistics provider typically takes 3 days. The hospital never wants to run out of diapers, so it holds enough
safety stock to ensure 99.9% availability. Hospital purchasing managers order diapers along with other items every 30 days. It is time to
place an order, and there are 100 diapers on hand. How many units should be ordered (pick the closest answer)?
A. 6600
B. 6652
C. 6052
D. 6617
48. Suppose you are positioning "meals ready to eat" (MREs) for humanitarian aid, in an area prone to experiencing hurricanes. If a hurricane
occurs, the number of MREs that might be demanded by affected residents of the area is normally distributed with a mean of 10,000 and a
standard deviation of 500. MRE’s cost $1 each to purchase and store. In the event of a hurricane, unused MREs are unlikely to be needed
again before they spoil, in which case they must be disposed of at a cost of $0.25 per MRE. If during a hurricane there are not enough
stored MREs to meet people’s needs, then more MRE’s can be purchased and quickly shipped in to the site at a cost of $8 each. How
many MREs should you preposition in anticipation of a hurricane? (pick the number closest to the correct answer)
A. 11,000
B. 10,980
C. 10,520
D. 10,640
49. Steve?s shop sells sea shells by the sea shore. Steve buys shells from local collectors for an average price of $0.5 per shell. Steve sells on average
1000 shells each month. Each time he orders shells from collectors, there is a $20 shipping and handling fee. Steve estimates a unit holding cost of
$0.5 per shell per year (many of them get broken if held in inventory too long). How often should Steve order sea shells?
7-13
Copyright © 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
50. Steve’s shop sells sea shells by the sea shore. Steve desires to offer at least a 90% in stock availability of shells for his customers. He
sells 40 shells each day on average, with a standard deviation of 20. When he orders replenishments of shells, it typically takes 1 day for
the supplier to deliver, with a standard deviation of 1 day. If Steve’s holding cost is $0.5 per shell per year, how much money will he spend
each year in holding costs in order to provide a 90% service level? (pick the number closest to the correct answer)
A. $13
B. $29
C. $58
D. $125
7-14
Copyright © 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
Category
AACSB: Reflective Thinking
AACSB: Technology
AACSB: Analytical Thinking
Accessibility: Keyboard
Navigation Blooms: Analyze
Blooms: Apply
Blooms: Evaluate
Blooms: Remember
Blooms: Understand
Gradable: automatic
Learning Objective: 07-01 Define the different types and roles of inventory in the supply chain.
Learning Objective: 07-02 Explain the financial impact of inventory on firm performance.
Learning Objective: 07-03 Explain and compute asset productivity and customer service related measures of inventory performance.
Learning Objective: 07-04 Calculate inventory policy parameters to minimize total acquisition cost in continuous review; periodic revie
Learning Objective: 07-05 Determine the cost of a company's service level policy.
Learning Objective: 07-06 Explain the advantages and disadvantages of different inventory location strategies.
Learning Objective: 07-07 Describe practical techniques for inventory planning and management.
Level of Difficulty: 1 Easy
Level of Difficulty: 2 Medium
Level of Difficulty: 3 Hard
Topic: Determining a Service Level
Policy Topic: Impact of Location on
Inventory Topic: Inventory Management
Systems Topic: Managing Inventory
Topic: Managing Inventory Across the Supply
Chain Topic: Measures of Inventory Performance
Topic: Single Period Inventory Model
Topic: The Continuous Review Model
Topic: The Financial Impact of Inventory
Topic: The Periodic Review Model Topic:
Types and Roles of Inventory
7-15
Copyright © 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
Another random document with
no related content on Scribd:
The Project Gutenberg eBook of L'apotecari
de Malgrat
This ebook is for the use of anyone anywhere in the United States
and most other parts of the world at no cost and with almost no
restrictions whatsoever. You may copy it, give it away or re-use it
under the terms of the Project Gutenberg License included with this
ebook or online at www.gutenberg.org. If you are not located in the
United States, you will have to check the laws of the country where
you are located before using this eBook.
Title: L'apotecari de Malgrat
Comedia en un acte y en prosa
Language: Catalan
Teodor Baró
1900
Repartiment
Personatjes i Actors:
Escena primera
Apot. Home, no sembla sino que'l cuarto dels nuvis l'hem empaperat
ab paper sellat. Puja molt. ¡Y'l pintat de la sala!
Apot. Las cosas ben fetas ja m'están be; lo que no m'está be, es...
Apot. Tréula del altre pot. No m'está be que'm costin tant las obras.
Pere: Vull que'm posis la casa com nova, y com nova ha quedat. Los
preus son los convinguts. Vegi'l compte.
Apot. ¡Ja ha sortit lo pou! ¡Lo pou! ¡Lo pou! Ximplerías que's
creuhen los tontos que dexan morir als seus per no felsi remeys. ¿Ha
sortit del pou tot axó que hi ha als pots? Precisament ni l'aigua del
pou podém aprofitar tal com es, perque l'hem de destilar.
Pere: No s'enfadi.
Pere: Aquesta te remeys per tothom menos per ella. May es á casa, y'l
seu home se desespera perque, cuan ve del treball, tot ho troba per
fer.
Pere: Tot lo que'n quiti, ho perdré. No veu que las portas tenen duas
capas de barnís?
Blay: Te.
Apot. Tres cents cuaranta set duros, tres pessetas y cinch céntims.
Pere: Be, déxils estar los céntims. Ja sab que jo no soch tirano.
Apot. Eh, tú. (A Jaumet que s'en anirá y retrocedeix.) ¿No ho has
conegut que t'he posat lo recibo y no l'emplastre de ranas?
Jaume: ¿Qué ho veya jo? (L'Apotecari li posa'l pegat.) Be. ¿ja n'está
segú de que m'ha posat el pegat?
(Se'n va Jaumet.)
Apot. Te; guayta quina altra recepta. Tot per tú, perque'l senyó y la
senyora que ha de ser la meva nora, estigan ben allotjats.
Apot. Es veritat: no he volgut dir res de las obras que he fet á casa;
mes aixíns que arribin las porto á dalt y crech que quedan
enlluhernadas. Ja'm sembla sentir las exclamacions de la mare de la
Ignés. Y jo li diré. Tot per la vostra filla. ¿Estará be ó no á casa?
¡Cuan vegi la sala empaperada!...
Pere: ¿No val tot axó mes de tres cents cuaranta duros...?
Escena II
Dits Jaumet
Jaume: Si senyó.
Apot. Donchs el pegat estira fora per treure el mal. Escolta: en lo tren
d'ara ha de arribar de Canet la senyora María ab la seua filla.
Jaume: La Sisa.
Apot. Del temps. Estigas á la estació cuan arribi el tren per portar el
fato. ¡Y que no'ls hi cobris! Ja t'ho pagaré jo.
Apot. Ves al carril. Tú. (A Pere.) Vina ab mi, que't pagaré, y al mateix
temps t'ensenyaré las rajolas del cuarto del hort, que's mohuen.
Pere: ¡Ha quedat bonich aquet cuarto! Llástima que no'l viscan; mes
com tenen tanta casa...
Apot. Massa: n'hi haurá per dugas familias y encara sobraría puesto.
Pere: ¡Quína idea senyó Benet! Tenint la casa tant gran, ¿per qué no's
casa vosté també?
Escena III
Sisa: Tan fa que risqui com que rasqui, perque'l seu pare será
mentres visca l'Apotecari vell, y vosté l'Apotecari jove. Escolti be:
fará'l favor de donarme...
Sisa: Aquestos son los que curan, aquestos, perque els metjes no hi
entenen res.
Blay: Si axó fos cert vos ne posava un de ben gros al clatell, á veura si
os treya las bestiesas que se os han ficat al cap.
Sisa: ¡Bestiesas! ¿Vol posar que no creu que una sargantana ficada
dins d'un canó de canya y penjada al coll del malalt, curi las febras?
Donchs las cura. Sí senyó que las cura, y no s'en riga. ¿Vol que li diga
trenta, cuaranta remeys per curar la marassa, tots segurs? Escolti:
borras xupadas ab aiguardent cremat; tripa de gallina ensalsada ab
clavells y canyella...
Blay: ¡Prou!
Sisa: Per purgarse tres vasos d'aygua de mar y altres tants d'aygua
dolsa.
Sisa: Pel mal de melsa, un pegat dels sis sirvents; per las dents,
collarets de saúchs; pe'ls cuchs collarets d'alls. ¿Qué hi ha remey
millor que l'aiguardent de las 48 herbas pe'l mal de ventre? Cura
feta. ¿Qué m'en diu de l'aigua de las set sangrías per rebaxar las
sanchs?
Sisa: S'agafa un galapat, se'l fica dintre d'una olla y se'l posa sota el
llit, sense que'l malalt ho sápiga.
Blay: Y á la nit, el galapat se'n fuig de l'olla, salta al mitj del cuarto y
esglaya á las donas que vetllan al malalt, que's posan á cridar y
xisclar, com va passar á cal Triadó. ¡Ja os va escridasar be!
Escena IV
Sisa: Y'ls hi han donada ben gran, perqué si no soch jo... ¿Que no ho
sabían que venían avuy?
Apot. Mirat Sisa: torna d'aquí un rato, sens, perque ara no estém per
tú.
Apot. Si que deus tenir que fer á casa. Vesi, que ja sabs que'l teu
home s'enfada.
Apot. No, dona; gracias y vesten, que fas falta á casa teva. (Se'n va
Sisa.)
Apot. ¡Bastant!
Apot. Séntis. (Li acosta una cadira.) Lo notari ja te en net los capítols
y sols falta firmarlos.
Escena V
Blay, Ignés
Blay: Jo tenia set y vaig baxar del tren per beure una gaseosa.
Blay: Al tornar los vasos, las nostras mans se varen tocar una mica,
miqueta, y jo'm vaig tornar roig.
Blay: Y'ns varem tornar a mirar ab una rialleta tant tú com jo.
Ignes: A mí també.
Ignes: Pero que, un cop casat, no'n fará, perque anirá á Canet á viure
al mas de la seva dona.
Blay: ¿Qué s'ha pensat la teva mare que m'en aniré á viure al mas ab
vosaltres?