How many times per year would Item * X be ordered? 21x 50x O 40x * None of the above What is Item X's average inventory level? 40 units O 48 units 223 units None of the above
How many times per year would Item * X be ordered? 21x 50x O 40x * None of the above What is Item X's average inventory level? 40 units O 48 units 223 units None of the above
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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Question
![Item X is a standard item stocked in a company's
inventory of spare parts. Each year, the firm uses
about 2,000 units of Item X, which costs Php 1,000
per unit. Storage costs, which include insurance and
cost of capital, amount to 18 percent of item unit
cost. Placing an order for more of Item X costs Php
400. The company operates 360 days per year and
Item X is received 9 days after placement of order.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3d5fddb4-c3fe-4f70-b555-04face3360fb%2Fe6d42dc1-40b2-4952-853a-1cecdd968c68%2F0c8b3j_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Item X is a standard item stocked in a company's
inventory of spare parts. Each year, the firm uses
about 2,000 units of Item X, which costs Php 1,000
per unit. Storage costs, which include insurance and
cost of capital, amount to 18 percent of item unit
cost. Placing an order for more of Item X costs Php
400. The company operates 360 days per year and
Item X is received 9 days after placement of order.
![How many times per year would Item *
X be ordered?
O 21x
50x
40x
O None of the above
What is Item X's average inventory
*
level?
40 units
48 units
223 units
O None of the above](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3d5fddb4-c3fe-4f70-b555-04face3360fb%2Fe6d42dc1-40b2-4952-853a-1cecdd968c68%2Fuqfpozg_processed.jpeg&w=3840&q=75)
Transcribed Image Text:How many times per year would Item *
X be ordered?
O 21x
50x
40x
O None of the above
What is Item X's average inventory
*
level?
40 units
48 units
223 units
O None of the above
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