Please answer both.

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.57TI: What is the total effect on the economy of a government tax rebate of $1,000 to each household in...
icon
Related questions
Question
100%

Please answer both. 

 

54. A small manufacturer of mountain bikes located in Denver, Colorado, buys tires from
a supplier in China. The manufacturer has a monthly demand of 200 tires. The cost of
placing an order is $200, and the holding cost is $24 per tire per year,
Il the purchasing pros is $45 per tire, and the economic order quantity is used, what is
the total annual ordering cost?
a. $1,386
b. $2,400
c. $4,800
d. $20,000
e. 5683
Transcribed Image Text:54. A small manufacturer of mountain bikes located in Denver, Colorado, buys tires from a supplier in China. The manufacturer has a monthly demand of 200 tires. The cost of placing an order is $200, and the holding cost is $24 per tire per year, Il the purchasing pros is $45 per tire, and the economic order quantity is used, what is the total annual ordering cost? a. $1,386 b. $2,400 c. $4,800 d. $20,000 e. 5683
53 A math lab at a community college must keep ink cartridges in inventory so that when a printer is running out of ink, it is immediately replaced. Historical data from the last 10 years has been
used to forecast a monthly demand of 16 cartridges for the coming calendar year. It has been estimated that it costs 1.6% of the cartridge price to keep an ink cartridge in inventory for one year.
The cost of placing an order is two dollars and the purchasing price is $30 per unit.
What is the economic order quantity?
126 units
O4 units
O 13 units
40 units
Transcribed Image Text:53 A math lab at a community college must keep ink cartridges in inventory so that when a printer is running out of ink, it is immediately replaced. Historical data from the last 10 years has been used to forecast a monthly demand of 16 cartridges for the coming calendar year. It has been estimated that it costs 1.6% of the cartridge price to keep an ink cartridge in inventory for one year. The cost of placing an order is two dollars and the purchasing price is $30 per unit. What is the economic order quantity? 126 units O4 units O 13 units 40 units
Expert Solution
steps

Step by step

Solved in 3 steps with 1 images

Blurred answer
Recommended textbooks for you
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9780998625720
Author:
Lynn Marecek
Publisher:
OpenStax College
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
Trigonometry (MindTap Course List)
Trigonometry (MindTap Course List)
Trigonometry
ISBN:
9781337278461
Author:
Ron Larson
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill