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The Operations Manager for Shadyside Savings & Loan orders cash from her home office for her very popular "BIG BUCKS" automated teller machine, which only dispenses $100 bills. She estimates that this machine dispenses an average of 12,500 bills per month, and that carrying a bill in inventory costs 10 percent of its value annually. She knows that each order for these bills costs $300 for clerical and armored car delivery costs, and that order lead time is six days. Assuming a 30-day month, if she were to order 6,000 bills at a time, what would be the length of an order cycle?
Agrarian
Pertaining to agriculture or the agricultural way of life.
Democratic Societies
Communities or nations characterized by a political system in which power is vested in the people, who rule either directly or through freely elected representatives.
Washington Administration
The period of George Washington's presidency from 1789 to 1797, marked by the establishment of many protocols in the executive branch of the U.S. government.
Republicanism
A political ideology centered around the concept of a republic, where the government's authority comes from the consent of the governed rather than inherited monarchial power.
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