A surplus in current transactions is noticed when the value of _____________ a. Exports exceed the value of imports b. Exports are less than the value of imports c. Imports tends to increase d. Exports are very low
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- < 1. Stephen, CFA, is an experienced investment advisor and he works for an investment advisory firm. He is meeting one of the firm's new clients, Sammie. After chatting with Sammie for a few minutes, Stephen recommends that she should buy some Bitcoins in her portfolio because it is the medium of exchange for future. It has a substantial upside and its recent pullback represents a great buying opportunity. He has also explained in great details about Bitcoin and other crypto currencies. A) Please discussion the following: Which CFA Standard of Professional Conduct does the case relate to? B) Explain whether each of I, II, III & IV below is correct or incorrect separately with respect to the relevant Standard. State the key points of the case that relate to the relevant Standard in your own words. His conduct of recommending Sammie to buy Bitcoins is: I. acceptable because Stephen is very experienced in investment with CFA designation. II. acceptable because the investment in Bitcoins…Torrance Refinery produces approximately 23.1 Million barrels of gasoline per year. A California distributor sources its gasoline from the Torrance refinery. The annual demand for gasoline at the California distributor is 5.3 Million barrels. The cost of storing gasoline is approximately $29 per barrel (per year). The cost of placing an order to the Torrance refinery (including shipping) is $7300 per order. Orders will be received gradually instead of delivered all at once (hence EPQ). At what quantity will the total cost of procurement be the lowest? Round your answer to the nearest whole number. Do NOT include a comma. For example, answer like 103542 and NOT 103,542 Answer: 58845 CheckAt Matthews Car Repair, customer demand for a certain brand of motor oil is normally distributed with a mean of 15 gallons and a standard deviation of 6 work-days. To be 95% sure that Compact Car Repair will not run out of oil, we should reorder when motor oil in stock is less than _______ gallons. a. 24.9 b. 22.6 c. 23.7 d. 20
- 14. 12 The purchasing manager for the Atlantic Steel Company must determine a policy for ordering coal to operate 12 converters. Each converter requires exactly 5 tons of coal per day to operate, and the firm operates 360 days per year. The purchasing manager has determined that the ordering cost is $80 per order and the cost of holding coal is 20% of the average dollar value of inventory held. The purchasing manager has negotiated a contract to obtain the coal for $12 per ton for the coming year. a. Determine the optimal quantity of coal to receive in each order. (Ans: 1200 tons) b. Determine the total inventory-related costs associated with the optimal ordering policy (do not include the cost of the coal). (Ans: TC= $2880) c. If 5 days of lead time are required to receive an order of coal, how much coal should be on hand when an order is placed? (Ans= R=300 tons)Pane 3. Assume a company receives cash from different geographic areas of $500,000 daily. The average float of the cash receipt is 4 days. Interest rate on savings is 6% per year. If the company institutes a lock-box system, it will reduce the float to two days. It will cost $80,000 to install the lock-box system and an additional monthly fee of $1,000 to operate it. Should the company install the lock-box system?Shareholders and management are the end users of ? a. credit Management b. Exchange Management c. Foreign Management d. Financial Management
- Your options for shipping $100,000 of machineparts from Baltimore to Kuala Lumpur, Malaysia, are (1) usea ship that will take 30 days at a cost of $3,800 or (2) truck theparts to Los Angeles and then ship at a total cost of $4,800.The second option will take only 20 days. You are paid via aletter of credit the day the parts arrive. Your holding cost isestimated at 30% of the value per year.a) Which option is more economical?b) What customer issues are not included in the datapresented?14. (**) Dave's Sporting Goods sells Mountain Mouse freeze-dried meals. Dave's uses a continuous review system to manage meal inventories. Suppose Mountain Mouse offers the following volume discounts to its customers: 1-500 meals: $7 per meal 501 or more meals: $6.50 per meal Annual demand is 2,000 meals, and the cost to place an order is $15. Suppose the holding cost is $2 per meal per year. How many meals should Dave's order at a time? What are the total holding, ordering, and item costs associated with this quantity?26 Which of the following statements is true with regard to cycle stock? a It is also called surplus stock. b It is received from a downstream supply chain partner. c It is seasonal in nature d It is also referred to as base stock. 27 Inventories that are in transit in containers or trucks ______. a are known as pipeline inventories b are known as in-house inventories c are relatively small in global supply chain (as compared to domestic supply chains) d are known as en route inventories
- Abdullah records the following monthly purchases and sales of an item. Month Number bought Cost of each unit (€) Number sold November 110 22 73 December 60 26 71 January February March 70 30 49 50 28 53 80 24 37 April 40 32 71 Assuming he has no opening stock (Before November), 1. What is the remaining stock at the end of the period (April)? 2. What is the cost (cost of purchase) of the total inventory (Currency in Saudi Riyals))? 3. If each unit is sold for 35SR, What is the income for Abdullah's company till end of April?uỹ this policy? 2. Question 14 on page 217 14. A local machine shop buys hex nuts and molly screws from the same supplier. The hex nuts cost 15 cents each and the molly screws cost 38 cents each. A setup cost of $100 is assumed for all orders. This includes the cost of tracking and receiving the orders. Holding costs are based on a 25 percent annual interest rate. The shop uses an average of 20,000 hex nuts and 14,000 molly screws annually. a. Determine the optimal size of the orders of hex nuts and molly screws, and the optimal time between placement of orders of these two items. b. If both items are ordered and received simultaneously, the setup cost of $100 applies to the combined order. Compare the average annual cost of holding and setup if these items are ordered separately; if they are both ordered when the hex nuts would normally be ordered; and if they are both ordered when the molly screws would normally be ordered. 99+ W T DOLL(Cross-Docking at Walmart v1) Suppose Walmart reduces cross-docking and fewer shipments are cross-docked.--- Cycle inventory in retail stores would ___.--- Cycle inventory in distribution centers (DCs) would ___. A. increase, decrease B. decrease, decrease C. decrease, increase D. increase, increase