d. What is the annual ordering cost?(Round your answer to 2 decimal places.) Answer is not complete. Annual ordering cost e. What is the annual inventory carrying cost?(Round your answer to 2 decimal places.)
d. What is the annual ordering cost?(Round your answer to 2 decimal places.) Answer is not complete. Annual ordering cost e. What is the annual inventory carrying cost?(Round your answer to 2 decimal places.)
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Question
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Michigan State figurines Inc. sells Crystal figurines to spartan fans. They buy the figurines from the manufacture for $19 per unit. They send orders electronically to the manufacturer, cost and $33 per order and they experience an average sleep time of six days for each order to arrive from the manufacture. Their inventory Karen cost is 20%. The average daily demand for the figurines is two units per day. They are open for business 250 days a year. Answer the following questions. I am struggling with the last two.
Transcribed Image Text:Answer is complete and correct.
Number of units
94
b. How many orders will they place in a year?
Answer is co
plete and correct.
Number of orders per year
c. What is the average inventory? (Round your answer to 1 decimal place.)
Answer is complete and correct.
Average inventory
47.0
units
Transcribed Image Text:Answer is complete and correct.
Average inventory
47.0
units
d. What is the annual ordering cost?(Round your answer to 2 decimal places.)
Answer is not complete.
Annual ordering cost
e. What is the annual inventory carrying cost?(Round your answer to 2 decimal places.)
Answer is not complete.
Annual inventory carrying cost
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