The Gilette Company buys a product using the price schedule given in the file P12_32.xlsx. The company
Question:
The Gilette Company buys a product using the price schedule given in the file P12_32.xlsx. The company estimates the unit holding cost at 10% of the purchase price and the ordering cost at $100 per order. Gilette’s annual demand is 1500 units.
a. Determine how often the company should order.
b. Determine the optimal order quantity.
c. At what price should the company order?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (16 reviews)
Model Ordering a product Inputs Setup cost 100 Unit storage cost 0 Annual int...View the full answer
Answered By
Benish Ahmad
I'm a professional software engineer. I'm lectutrer at GCUF and I have 3 years of teaching experience. I'm looking forward to getting mostly computer science work including:
Programming fundamentals
Object oriented programming
Data structures
object oriented design and analysis
Database system
Computer networks
Discrete mathematics
Web application
I am expert in different computer languages such as C++, java, JavaScript, Sql, CSS, Python and C#. I'm also have excellent knowledge of essay writing and research. I have worked in other Freelancing website such as Fiverr and Upwork. Now I have finally decided to join the SolutionInn platform to continue with my explicit work of helping dear clients and students to achieve their academic dreams. I deliver plagiarism free work and exceptional projects on time. I am capable of working under high pressure.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Practical Management Science
ISBN: 978-1305250901
5th edition
Authors: Wayne L. Winston, Christian Albright
Question Posted:
Students also viewed these Business questions
-
A manufacturing company buys a certain part in varying quantities throughout the year. Ordering cost is $ 11 per order, and holding cost is $0.14 per piece per month. Given the following demand (net...
-
The Eastern Oil Company buys crude vegetable oil. Refining this oil results in four products at the splitoff point: A, B, C, and D. Product C is fully processed by the splitoff point. Products A, B,...
-
The Sunshine Oil Company buys crude vegetable oil. Refining this oil results in four products at the splitoff point: A, B, C, and D. Product C is fully processed by the splitoff point. Products A, B,...
-
The following is information for Palmer Company. \ table [ [ , Year,Year 2 , Year 1 ] , [ Cost of goods sold,$ 6 3 3 , 8 2 5 , $ 4 1 6 , 6 5 0 , $ 3 8 1 , 3 0 0 The following is information for...
-
Suppose some employees are coming to work dressed in a way that distracts others. How could writing a dress code policy help in this situation? If you were a manager, would you rather handle the...
-
Consider each of the following lease arrangements: 1. Abbaz Corporation signs a two-year lease for office space in a large, downtown office complex. Abbaz plans to have a permanent presence in the...
-
Use the data in Exercise 20 in Section 13.1 for the following. a. Compute a point estimate of the mean height of sons whose fathers are 70 inches tall. b. Construct a 95% confidence interval for the...
-
Jasper is single and is a computer software consultant with a college degree. He feels that one of the reasons for his success is that he continually updates his knowledge by taking classes at the...
-
Total $ Variable expenses Contribution margin Fixed expenses Net operating income $ 378,000 252.000 126,000 46,000 80,000 Titou Co.'s contribution format income statement for the most recent month is...
-
In an exhaust pump using a barrel of certain volume, the pressure falls to half of its initial value in just two strokes. The percent fraction of volume of gas removed with each stroke is...
-
Each year, Shopalot Stores sells 10,000 cases of soda. The company is trying to determine how many cases to order each time it orders. It costs $150 to process each order, and the cost of carrying a...
-
A consulting firm is trying to determine how to minimize the annual costs associated with purchasing high-quality paper for its printers. Each time an order is placed, an ordering cost of $50 is...
-
Evaluate the order of magnitude of the radius of the hydrogen atom.
-
One key area of focus for Timberland over the past 10+ years has been tree planting, leading the brand to make a 2010 commitment to plant five million trees in five years in Haiti. Timberland has a...
-
Treks 'n Rapids is a renowned adventure sports company based in New Delhi. It specializes in organizing tours to picturesque locations between New Delhi and Himachal Pradesh. It books tourists for...
-
Sky Ltd obtained a 7 5 % controlling interest in Cloud Ltd from a third party on 1 January 2 0 2 3 . Sky Ltd paid for the investment as follows: Cash of R 1 3 0 0 0 0 . Sale ( transfer ) of land that...
-
Link AC has a uniform rectangular cross section in. thick and 1 in. wide. Determine the normal stress in the central portion of the link if P=140 lb. P 12 in. 4 in. A 30 C -10 in B 2 in. P -10 in. 8...
-
Give a detail example with references. X View Discussion Directions: You are the Human Resources Assistant at an alternative energy company. A new safety regulation was passed and implemented quickly...
-
Solve each equation using the quadratic formula. 0.1x 2 - 0.1x = 0.3
-
Anna, a high school counselor, devised a program that integrates classroom learning with vocational training to help adolescents at risk for school dropouts stay in school and transition to work...
-
If sales promotion spending continues to grow often at the expense of media advertis inghow do you think this might affect the rates charged by mass media for advertising time or space? How do you...
-
As a community service, disc jockeys from radio station WMKT formed a basketball team to help raise money for local nonprofit organizations. The host organization finds or fields a competing team and...
-
How should the acceptance of a profit-oriented, a sales-oriented, or a status quooriented pricing objective affect the development of a companys marketing strategy? Illustrate for each.
-
Research your industry and find common ratios significant to your industry. What are they and what are they telling you about your industry? Be specific as to the ratios relevant to your industry and...
-
Djibril is the owner of a successful BMW dealership garage. One of his customers, Maxime, had his car repaired at the garage, but did not pay for the agreed repairs. He asks to take his vehicle back...
-
BSL uses the sign convention that Tij has a positive value if i) the force by the surroundings acting on the surface with outward normal - points in the + direction, or ii) the force by the...
Study smarter with the SolutionInn App