Question: Please show the answer step by step. A. Solve the following system of equations using a matrix method: x1+2x2+3x3=142x1+5x2+2x3=183x1+x2+5x3=20 (15 marks) B. What are the

Please show the answer step by step. A. Solve the Please show the answer step by step.

A. Solve the following system of equations using a matrix method: x1+2x2+3x3=142x1+5x2+2x3=183x1+x2+5x3=20 (15 marks) B. What are the FIVE (5) benefits obtained from proper planning and control of inventory? (5 marks) C. Sparking Inc sells beauty supplies. The annual demand for a skin spackle is 17,000 units. The cost of placing an order is $50, while the holding cost per unit per year is 20 percent of the cost. This item currently costs $12.50 if the order quantity is less than 1500 . For orders of 1501 units up to 10,000 units the cost falls to $12.45 and for orders of 10,001 or greater, the cost falls to $12.40. i. To minimize total cost, how many units should Sparking Inc order each time it places an order? (6 marks) ii. What is the minimum total cost? (4 marks)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!