The local supermarket buys lettuce each day to ensure really fresh produce. Each morning, any lettuce...

 

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The local supermarket buys lettuce each day to ensure really fresh produce. Each morning, any lettuce that is left from the previous day is sold to a dealer that resells it to farmers who use it to feed their animals. This week, the supermarket can buy fresh lettuce for $5.00 a box. The lettuce is sold for $15.00 a box and the dealer that sells old lettuce is willing to pay $1.60 a box. Past history says that tomorrow's demand for lettuce averages 240 boxes with a standard deviation of 36 boxes. How many boxes of lettuce should the supermarket purchase tomorrow _______? (Use Excel's NORM.S.INV() function to find the z value. Round your answer to the nearest whole number. Enter the numbers only) A/ Item X is a standard item stocked in a company's inventory of component parts. Each year the firm, on a random basis, uses about 1,500 of item X, which costs $25 each. Storage costs, which include insurance and cost of capital, amount to $5 per unit of average inventory. Every time an order is placed for more of item X, it costs $6. a. Whenever item X is ordered, what should the order size be answer to the nearest whole number. Enter the numbers only) ? (Round your ? (Round your answer to the b. What is the annual cost for ordering item X nearest whole number. Round your intermediate calculation.) A/ ? (Round your c.What is the annual cost for storing item X (Holding cost) answer to the nearest whole number. Round your intermediate calculation.) The local supermarket buys lettuce each day to ensure really fresh produce. Each morning, any lettuce that is left from the previous day is sold to a dealer that resells it to farmers who use it to feed their animals. This week, the supermarket can buy fresh lettuce for $5.00 a box. The lettuce is sold for $15.00 a box and the dealer that sells old lettuce is willing to pay $1.60 a box. Past history says that tomorrow's demand for lettuce averages 240 boxes with a standard deviation of 36 boxes. How many boxes of lettuce should the supermarket purchase tomorrow _______? (Use Excel's NORM.S.INV() function to find the z value. Round your answer to the nearest whole number. Enter the numbers only) A/ Item X is a standard item stocked in a company's inventory of component parts. Each year the firm, on a random basis, uses about 1,500 of item X, which costs $25 each. Storage costs, which include insurance and cost of capital, amount to $5 per unit of average inventory. Every time an order is placed for more of item X, it costs $6. a. Whenever item X is ordered, what should the order size be answer to the nearest whole number. Enter the numbers only) ? (Round your ? (Round your answer to the b. What is the annual cost for ordering item X nearest whole number. Round your intermediate calculation.) A/ ? (Round your c.What is the annual cost for storing item X (Holding cost) answer to the nearest whole number. Round your intermediate calculation.)