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Problem 11-6 (Algo) Richard's Sporting Goods needs to fill an online order for 150 hockey sticks. The manager is considering shipping the order by truck to the customer in Wisconsin, at a carrier charge of $70. The delivery will take five days and the order is paid on delivery (Richard's doesn't get paid until the sticks are received). The hockey sticks are valued at $50 for each stick and Richard's uses a 30 percent annual inventory carrying charge. a. What will be the total shipping and transit inventory cost of the shipment? (Use 365 days in a year. Do not round intermediate calculations. Round your answers to 2 decimal places.) Transit inventory cost 0.21 Total cost 2$ 100.80 b-1. If the shipment could be delivered in only 2 days at a cost of $95, then what will be the total shipment cost? (Use 365 days in a year. Do not round intermediate calculations. Round your answer to 2 decimal places.) Total cost 107.30

Problem 11-6 (Algo) Richard's Sporting Goods needs to fill an online order for 150 hockey sticks. The manager is considering shipping the order by truck to the customer in Wisconsin, at a carrier charge of $70. The delivery will take five days and the order is paid on delivery (Richard's doesn't get paid until the sticks are received). The hockey sticks are valued at $50 for each stick and Richard's uses a 30 percent annual inventory carrying charge. a. What will be the total shipping and transit inventory cost of the shipment? (Use 365 days in a year. Do not round intermediate calculations. Round your answers to 2 decimal places.) Transit inventory cost 0.21 Total cost 2$ 100.80 b-1. If the shipment could be delivered in only 2 days at a cost of $95, then what will be the total shipment cost? (Use 365 days in a year. Do not round intermediate calculations. Round your answer to 2 decimal places.) Total cost 107.30

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Problem 11-6 (Algo) Richard's Sporting Goods needs to fill an online order for 150 hockey sticks. The manager is considering shipping the order by truck to the customer in Wisconsin, at a carrier charge of $70. The delivery will take five days and the order is paid on delivery (Richard's doesn't get paid until the sticks are received). The hockey sticks are valued at $50 for each stick and Richard's uses a 30 percent annual inventory carrying charge. a. What will be the total shipping and transit inventory cost of the shipment? (Use 365 days in a year. Do not round intermediate calculations. Round your answers to 2 decimal places.) Transit inventory cost 24 0.21 Total cost 2$ 100.80 b-1. If the shipment could be delivered in only 2 days at a cost of $95, then what will be the total shipment cost? (Use 365 days in a year. Do not round intermediate calculations. Round your answer to 2 decimal places.) Total cost 107.30 Activate Go to Settir
Transcribed Image Text:Problem 11-6 (Algo) Richard's Sporting Goods needs to fill an online order for 150 hockey sticks. The manager is considering shipping the order by truck to the customer in Wisconsin, at a carrier charge of $70. The delivery will take five days and the order is paid on delivery (Richard's doesn't get paid until the sticks are received). The hockey sticks are valued at $50 for each stick and Richard's uses a 30 percent annual inventory carrying charge. a. What will be the total shipping and transit inventory cost of the shipment? (Use 365 days in a year. Do not round intermediate calculations. Round your answers to 2 decimal places.) Transit inventory cost 24 0.21 Total cost 2$ 100.80 b-1. If the shipment could be delivered in only 2 days at a cost of $95, then what will be the total shipment cost? (Use 365 days in a year. Do not round intermediate calculations. Round your answer to 2 decimal places.) Total cost 107.30 Activate Go to Settir
b-1. If the shipment could be delivered in only 2 days at a cost of $95, then what will be the total shipment cost? (Use 365 days in a year. Do not round intermediate calculations. Round your answer to 2 decimal places.) Total cost 2$ 107.30 b-2. If the manager chose the above option, how much money would be saved or lost? (Round your answer to 2 decimal places.) If the manager chose this option, the company would
Transcribed Image Text:b-1. If the shipment could be delivered in only 2 days at a cost of $95, then what will be the total shipment cost? (Use 365 days in a year. Do not round intermediate calculations. Round your answer to 2 decimal places.) Total cost 2$ 107.30 b-2. If the manager chose the above option, how much money would be saved or lost? (Round your answer to 2 decimal places.) If the manager chose this option, the company would
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