A company usually holds 310 pounds of wax in its warehouse. The company uses 48 pounds of wax perday and it takes 8 days for wax purchased from the supplier to arrive. The holding cost for wax is $0.37per pound per day.Round your answer to two decimal places.What is the company's average holding cost (per pound for wax)?dollars

The expenses incurred by keeping unsold items in storage are known as holding charges. Together with…

Answered: Round your answer to two decimal…

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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A wholesaler sells generators for $700. The cost of a generator is $530 and the wholesaler turns its inventory 3.9 times per year. If the wholesaler's annual holding cost percentage is 30%. Round your answer to two decimal places. What is the holding cost for each generator? dollars
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In 2018, Proctor and Gamble reported Inventory of $5.017 billion and cost of goods sold of $66.832 billion. Proctor and Gamble has an annual holding cost percentage of 30%. Express your answer as a percentage and round to two decimal places. What was their holding cost as a percentage of cost of goods sold during 2018? %
If a company would like to reduce its average collection period, it can either offer a cash discount or increase net terms. True or false ? and why?
A computer company's yearly inventory cost is 39 percent (which accounts for the cost of capital for financing the inventory, warehouse space, and the cost of obsolescence). Last year, the company had $375 million in inventory and cost of goods sold of $29 billion.What is the company's total inventory cost for the year (in million $s)? Note: Round your answer to the nearest integer.
A manufacturer of computers sells 4,300 units per year. On average, the manufacturer has 1,700 computers in inventory. Round your answer to one decimal place. What are the manufacturer's annual inventory turns? turns per year
Your options for shipping $104,800 of machine parts from Baltimore to Kuala Lumpur, Malaysia, are (1) use a ship that will take 30 days at a cost of $3,370, or (2) truck the parts to Los Angeles and then ship at a total cost of $5,030. The second option will take only 18 days. You are paid via a letter of credit the day the parts arrive. Your holding cost is estimated at 30% of the value per year. If you have a third option and it costs only $4,080 and also takes 18 days, what is your most economical plan? Part 2 The daily holding cost of Alternative 1 is $________. (Enter your response rounded to two decimal places.) Part 3 The daily cost of faster shipping with Alternative 2 is $________. (Enter your response rounded to two decimal places.) Part 4 The daily cost of faster shipping with Alternative 3 is $________. (Enter your response rounded to two decimal places.) Part 5 ▼ Alternative 1? Alternative 2? Alternative 3? is more economical.
Based on the following information, how many days of supply of inventory is the firm holding (assuming 260 days of operation per year)? Do not round intermediate calculations. Round your answer to one decimal place. Sales $8,300,000 Cost of goods sold $7,540,000 Gross profit $760,000 Overhead costs $600,000 Net profit $160,000 Total inventory $2,600,000 Fixed assets $3,100,000 Long-term debt $2,300,000 a. 89.7 days b. 286.2 days c. 81.4 days d. 236.2 days
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Glass is one of the most useful materials in the world. There are very few manufactured substances that add as much to modern life as does glass. Yet few products are made of such inexpensive raw materials. Glass is made mostly from silica sand, sodium carbonate, and limestone. For something that costs so little, glass has a huge variety of uses, from storing food and beautifying buildings to helping scientists and building computers. Where would this information probably be found? Responses in an encyclopedia entry in an encyclopedia entry in a food advertisement in a food advertisement in a construction company brochure in a construction company brochure in an autobiographical article in an autobiographical article

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Round your answer to two decimal places. What is the company's average holding cost (per pound for wax)? dollars