The quantity of palm oil (Kg) that must be purchased with each order to minimize the annual ordering and inventory costs.

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Answer 1

Question

Chapter 12, Problem 2PA

a)

Summary Introduction

To determine: The quantity of palm oil (Kg) that must be purchased with each order to minimize the annual ordering and inventory costs.

b)

Summary Introduction

To determine: The sum of the annual ordering cost and holding costs.

c)

Summary Introduction

To determine: The sum of the annual ordering cost and holding costs per each Kg sold.

d)

Summary Introduction

To determine: The sum of the annual ordering cost and holding costs if Person S takes advantage of the discount.

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Sarah's Organic Soap Company makes organic liquid soap. One of the raw materials for her soaps is organic palm oil. She needs 1,000 kg of palm oil per day on average. The supplier charges a $65 delivery fee per order (which is independent of the order size) and $5.75 per kg. Sarah's annual holding cost is 25 percent. Assume she operates and sells five days per week, 52 weeks per year. If Sarah wants to minimize her annual ordering and inventory holding costs, а. |kgs how much palm oil should she purchase with each order (in kg)? (Do not round intermediate calculations.) If Sarah orders 4,250 kg with each order, what would be the annual sum of b. the ordering and holding costs? (Round your answer to 3 decimal places.) If Sarah orders 8,200 kg with each order, what would be the sum of the с. ordering and holding costs per kg sold? per kg (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) Sarah's supplier is willing to sell her palm oil at a 5…

Sarah's Organic Soap Company makes organic liquid soap. One of the raw materials for her soaps is organic palm oil. She needs 1,100 kg of palm oil per day on average. The supplier charges a $55 delivery fee per order (which is independent of the order size) and $5.00 per kg. Sarah's annual holding cost is 20 percent. Assume she operates and sells five days per week, 52 weeks per year. If Sarah wants to minimize her annual ordering and inventory holding costs, a. kgs how much palm oil should she purchase with each order (in kg)? (Do not round intermediate calculations.) If Sarah orders 4,250 kg with each order, what would be the annual sum of b. the ordering and holding costs? (Round your answer to 3 decimal places.) If Sarah orders 7,600 kg with each order, what would be the sum of the C. ordering and holding costs per kg sold? per kg (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) Sarah's supplier is willing to sell her palm oil at a 5…

Sarah's Organic Soap Company makes organic liquid soap. One of the raw materials for her soaps is organic palm oil. She needs 1,100 kg of palm oil per day on average. The supplier charges a $55 delivery fee per order (which is independent of the order size) and $5.00 per kg. Sarah's annual holding cost is 20 percent. Assume she operates and sells five days per week, 52 weeks per year. If Sarah wants to minimize her annual ordering and inventory holding costs, how much palm oil should she purchase with each order (in kg)? a. kgs (Do not round intermediate calculations.) If Sarah orders 4,250 kg with each order, what would be the annual sum of b. the ordering and holding costs? (Round your answer to 3 decimal places.) If Sarah orders 7,600 kg with each order, what would be the sum of the C. ordering and holding costs per kg sold? per kg (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) Sarah's supplier is willing to sell her palm oil at a 5…

Answer 2

Question

Chapter 12, Problem 2PA

a)

Summary Introduction

To determine: The quantity of palm oil (Kg) that must be purchased with each order to minimize the annual ordering and inventory costs.

b)

Summary Introduction

To determine: The sum of the annual ordering cost and holding costs.

c)

Summary Introduction

To determine: The sum of the annual ordering cost and holding costs per each Kg sold.

d)

Summary Introduction

To determine: The sum of the annual ordering cost and holding costs if Person S takes advantage of the discount.

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Answer 3

Question

Chapter 12, Problem 2PA

a)

Summary Introduction

To determine: The quantity of palm oil (Kg) that must be purchased with each order to minimize the annual ordering and inventory costs.

b)

Summary Introduction

To determine: The sum of the annual ordering cost and holding costs.

c)

Summary Introduction

To determine: The sum of the annual ordering cost and holding costs per each Kg sold.

d)

Summary Introduction

To determine: The sum of the annual ordering cost and holding costs if Person S takes advantage of the discount.

Expert Solution & Answer

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Answer 4

Question

Chapter 12, Problem 2PA

a)

Summary Introduction

To determine: The quantity of palm oil (Kg) that must be purchased with each order to minimize the annual ordering and inventory costs.

b)

Summary Introduction

To determine: The sum of the annual ordering cost and holding costs.

c)

Summary Introduction

To determine: The sum of the annual ordering cost and holding costs per each Kg sold.

d)

Summary Introduction

To determine: The sum of the annual ordering cost and holding costs if Person S takes advantage of the discount.

Expert Solution & Answer

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Answer 5

Chapter 12, Problem 2PA

a)

Summary Introduction

To determine: The quantity of palm oil (Kg) that must be purchased with each order to minimize the annual ordering and inventory costs.

b)

Summary Introduction

To determine: The sum of the annual ordering cost and holding costs.

c)

Summary Introduction

To determine: The sum of the annual ordering cost and holding costs per each Kg sold.

d)

Summary Introduction

To determine: The sum of the annual ordering cost and holding costs if Person S takes advantage of the discount.

Answer 6

Chapter 12, Problem 2PA

a)

Summary Introduction

To determine: The quantity of palm oil (Kg) that must be purchased with each order to minimize the annual ordering and inventory costs.

Answer 7

Chapter 12, Problem 2PA

a)

Summary Introduction

To determine: The quantity of palm oil (Kg) that must be purchased with each order to minimize the annual ordering and inventory costs.

Answer 8

b)

Summary Introduction

To determine: The sum of the annual ordering cost and holding costs.

Answer 9

b)

Summary Introduction

To determine: The sum of the annual ordering cost and holding costs.

Answer 10

c)

Summary Introduction

To determine: The sum of the annual ordering cost and holding costs per each Kg sold.

Answer 11

c)

Summary Introduction

To determine: The sum of the annual ordering cost and holding costs per each Kg sold.

Answer 12

d)

Summary Introduction

To determine: The sum of the annual ordering cost and holding costs if Person S takes advantage of the discount.

Answer 13

d)

Summary Introduction

To determine: The sum of the annual ordering cost and holding costs if Person S takes advantage of the discount.

Answer 14

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Answer 15

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Answer 16

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Answer 17

Ch. 12 - Which of the following is NOT an assumption of the...Ch. 12 - Prob. 2CQ Ch. 12 - Prob. 3CQ Ch. 12 - If the order quantity doubles but the flow rate...Ch. 12 - Prob. 5CQ Ch. 12 - Prob. 6CQ Ch. 12 - Prob. 7CQ Ch. 12 - Prob. 8CQ Ch. 12 - Prob. 9CQ Ch. 12 - Prob. 1PA

The quantity of palm oil (Kg) that must be purchased with each order to minimize the annual ordering and inventory costs.

Solution Summary: The author determines the quantity of palm oil (Kg) that must be purchased with each order to minimize the annual ordering and inventory costs.

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To determine: The quantity of palm oil (Kg) that must be purchased with each order to minimize the annual ordering and inventory costs.

To determine: The sum of the annual ordering cost and holding costs.

To determine: The sum of the annual ordering cost and holding costs per each Kg sold.

To determine: The sum of the annual ordering cost and holding costs if Person S takes advantage of the discount.

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