39. Mike's Garage, a local automotive service and repair shop, uses oil filters at a fairlysteady rate of 2,400 per year. Mike estimates that the cost of his time to make andprocess an order is about $50. It takes one month for the supplier to deliver the oil fil-ters to the garage, and each one costs Mike $5. Mike uses an annual interest rate of25 percent to compute his holding cost.a. Determine the optimal number of oil filters that Mike should purchase, and the op-timal time between placement of orders.b. Determine the level of on-hand inventory at the time a reorder should be placed.c. Assuming that Mike uses an optimal inventory control policy for oil filters, what isthe annual cost of holding and order setup for this item?

Answered: Image /qna-images/answer/b98f6c18-f4b6-4487-a21d-b82e2f4f15e9.jpg

Answered: 39. Mike's Garage, a local automotive…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Copy equipment was acquired at the beginning of the year at a cost of $72,000 that has an estimated residual value of $9,000 and an estimated useful life of 5 years. It is estimated that the machine will output an estimated 1,000,000 copies. This year, 315,000 copies were made. a. Determine the depreciable cost.$fill in the blank 1 b. Determine the depreciation rate. Round your answer to three decimal places.$fill in the blank 2 per copy c. Determine the units-of-output depreciation for the year.$fill in the blank 3
10) Abby at age 3, is given $400,000 and the amount is invested at 5% annually. if abby takes 5 equal annual payments within 8 years, what is the size of each payment?
We know the following two commands in Excel: PMT(rate, nper, PV, FV) FV(rate, nper, pmt, PV) Which of the following Excel commands gives the monthly payment on a house that cost $255,000 with a down payment of $22,725. The loan was a conventional 30-year loan with an annual interest rate of 3.1%. 1 =PMT(0.031/12,30,-255000,-22725) 2 =FV(0.031/12,30,-255000,-22725) 3 =PMT(0.031/12,360,-232275,0) 4 =FV(3.1/12,360,-22725,-255000) 5 =PMT(3.1/12,360,0,-232275)
4. Sally has a balance of $2845 on her credit card. What rate of simple interest is she being charged if she must pay $26.19 interest for the 12 days her payment is late?
N4 ZZZ Limited buys a $5 million parcel of 120 day Bank Accepted Bills on a 3.6% p.a. yield and sells them 30 days later on a yield of 3.25% p.a. Required: Calculate the following for the investment made by ZZZ limited: (a)the amount of interest earned; (b)the capital gain or loss; (c)the holding period yield.
D5) The annual term structure of interest is (6%, 6.3%, 6.7%, 7%, ... ) and the 3-year deferred 2-year forward rate is 7.8%. Find the par yield for a 5-year bond.
3. Sloane wants to purchase a package of tennis memorabilia in 6 years. The package costs 350 today but increases its price by 4.5% per year. Sloan decides to deposit 28 into an account at the beginning of each year for 6 years. She also deposits an additional amount Y at the beginning of years 3, 4, 5, and 6 to meet her goal. Calculate Y if the annual effective rate of interest is 9%.
Yoshika Landscaping is contemplating purchasing a new ditch-digging machine that promises savings of $5,600 per year for 10 years. The machine costs $21,970, and no salvage value is expected. The company's cost of capital is 12%. You have been asked to advise Yoshika relative to this capital investment decision. As part of your analysis, compute: a. As a consultant to Campus, compute: 1. The payback period. 2. The unadjusted rate of return. 3. The net present value. 4. The internal rate of return. What factors besides your quantitative analysis should be considered in making this decision? b. On the basis of these computations and any qualitative considerations, would you recommend that Campus purchase the new copier?
Ian won the lottery; however, the lottery company gave her the following two options to receive her prize money: ● Option (a): $8,000 in four months and $18,000 in nine months. • Option (b): $3,000 immediately and $24,000 in twelve months. Assume that money earns 4.75% p.a. simple interest and use today as the focal date. a. What was the equivalent value of the payments under option (a) at the focal date? Round to the nearest cent b. What was the equivalent value of the payments under option (b) at the focal date? Round to the nearest cent c. Which option would be economically better for Ian and by how much? O a. Option (a) O b. Option (b) is better by Round to the nearest cent SAVE PROG
16 v 17 18 19 20 To pay for a $22,900 car, Chau made a down payment of $3200 and took out a loan for the rest. On the loan, he paid monthly payments of $353.99 for 5 years. 00 (a) What was the total amount Chau ended up paying for the car (including the down payment and monthly payments)? (b) How much interest did Chau pay on the loan? Submit Assignment O 2021 McGraw-Hill Education. All Rights Reserved. Privacy Accessibility Tems of Use 637 AM A D E O 40 O Type here to search 2/18/2021 hp prt sc delete home & @ %23 9. backspace lock 2 3 4 6 8 { W E R T P home enter K

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