What order quantity do you recommend that mac order

Assignment Help Applied Statistics
Reference no: EM13523068

Mac-in-the-Box sells computer equipment by mail and telephone order. Mac sells 2,400 flat-bed scanners per year. Ordering cost is $300 and the annual holding cost is 25 percent of the item's price. There are 300 working days in the year and the lead time is 3 days. The scanner manufacturer offers the following price structure to Mac-in-the Box:

Order Quantity

Price per Unit

1 to 199

$520.00

200 to 499

$515.00

500 or more

$512.00

  • Given the above information and basing  your decision on the economics, what order quantity do you recommend that  Mac order from the scanner manufacturer?  Why?
  • How much more expensive is the next  lowest cost option?
  • For the optimal order quantity, what is  the inventory position immediately after an order is placed?

Reference no: EM13523068

Questions Cloud

Explain methyl alcohol and ethyl alcohol : How many grams each of the following, per 1000g of water in your car radiation, are needed to give equal protection against freezing down to -10 degrees C? (a) Methyl alcohol, CH3OH (b.p. 65 deg C), (b) ethyl alcohol,
What is the total cost to produce the disks for the year : What is the total cost to produce the disks for the year? All workers will be fully utilized each quarter, in other words, there is no under utilization.
Explain what value of ph can juan obtain from the data : His calorimeter contained 64.0 g of water at an initial temperature of 20.7°C. When he added 1.65 g of KOH (s) to the calorimeter, the temperature rose to 26.9°C. What value of pH can Juan obtain from his data
What is its average acceleration during that contact : To test the quality of a tennis ball, you drop it onto the floor from a height of 4.26 m. what is its average acceleration during that contact
What order quantity do you recommend that mac order : What order quantity do you recommend that Mac order from the scanner manufacturer and how much more expensive is the next lowest cost option
Find how long does the package take to reach the ground : A hot-air balloon is ascending at the rate of 12 m/s and is 98 m above the ground when a package is dropped over the side. How long does the package take to reach the ground
Explain what was the solid and how did it form : Finally realizing her mistake, she acidified the filtrate and a white solid precipitated, but its melting point was different from that of dimedone. What was this solid, and how did it form
What is cultural relativism : What is "cultural relativism"? Briefly state the arguments in favor of cultural relativism, and possible rebuttals of these arguments
Determine what is the charge on each : Two small nonconducting spheres have a total charge of 90.0. When placed 1.14 apart, the force each exerts on the other is 11.8 and is repulsive. What is the charge on each

Reviews

Write a Review

Applied Statistics Questions & Answers

  Hypothesis testing

What assumptions about the number of pedestrians passing the location in an hour are necessary for your hypothesis test to be valid?

  Calculate the maximum reduction in the standard deviation

Calculate the maximum reduction in the standard deviation

  Calculate the expected value, variance, and standard deviati

Calculate the expected value, variance, and standard deviation of the total income

  Determine the impact of social media use on student learning

Research paper examines determine the impact of social media use on student learning.

  Unemployment survey

Find a statistics study on Unemployment and explain the five-step process of the study.

  Statistical studies

Locate the original poll, summarize the poling procedure (background on how information was gathered), the sample surveyed.

  Evaluate the expected value of the total number of sales

Evaluate the expected value of the total number of sales

  Statistic project

Identify sample, population, sampling frame (if applicable), and response rate (if applicable). Describe sampling technique (if applicable) or experimental design

  Simple data analysis and comparison

Write a report on simple data analysis and comparison.

  Analyze the processed data in statistical survey

Analyze the processed data in Statistical survey.

  What is the probability

Find the probability of given case.

  Frequency distribution

Accepting Manipulation or Manipulating

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd