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What is the total cost for option 1 and 2 and, which transportation option is preferred based on cost? We are moving Samsung electronics from Indonesia to Eastern Europe. The value of the electronics being shipped is $560,000. The company's holding cost of inventory is 40% of the value of the products being shipped. The company has two transportation options. Option 1: Truck and Boat, Days in transit: 30 days, Shipping Cost: $15,000 Option 2: Air, Rail and Truck, Days in transit: 20 days Shipping Cost: $20,000 Select one: O a. Option 1 cost: $32,273.97; Option 2 cost: $33,410.96; preferred option based on cost: option 2 O b. Option 1 $239,000; Option 2 $244,000; preferred option based on cost: option 1 O. Option 1 cost: $33,410.96; Option 2 cost: $32,273.97; preferred option based on cost: option 2 O d. Option 1 $244,000; Option 2 $239,000; preferred option based on cost: option 1

What is the total cost for option 1 and 2 and, which transportation option is preferred based on cost? We are moving Samsung electronics from Indonesia to Eastern Europe. The value of the electronics being shipped is $560,000. The company's holding cost of inventory is 40% of the value of the products being shipped. The company has two transportation options. Option 1: Truck and Boat, Days in transit: 30 days, Shipping Cost: $15,000 Option 2: Air, Rail and Truck, Days in transit: 20 days Shipping Cost: $20,000 Select one: O a. Option 1 cost: $32,273.97; Option 2 cost: $33,410.96; preferred option based on cost: option 2 O b. Option 1 $239,000; Option 2 $244,000; preferred option based on cost: option 1 O. Option 1 cost: $33,410.96; Option 2 cost: $32,273.97; preferred option based on cost: option 2 O d. Option 1 $244,000; Option 2 $239,000; preferred option based on cost: option 1

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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What is the total cost for option 1 and 2 and, which transportation option is preferred based on cost? We are moving Samsung electronics from Indonesia to Eastern Europe. The value of the electronics being shipped is $560,000. The company's holding cost of inventory is 40% of the value of the products being shipped. The company has two transportation options. Option 1: Truck and Boat, Days in transit: 30 days, Shipping Cost: $15,000 Option 2: Air, Rail and Truck, Days in transit: 20 days Shipping Cost: $20,000 Select one: O a. Option 1 cost: $32,273.97; Option 2 cost: $33,410.96; preferred option based on cost: option 2 O b. Option 1 $239,000; Option 2 $244,000; preferred option based on cost: option 1 Oc Option 1 cost: $33,410.96; Option 2 cost: $32,273.97; preferred option based on cost: option 2 O d. Option 1 $244,000; Option 2 $239,000; preferred option based on cost: option 1
Transcribed Image Text:What is the total cost for option 1 and 2 and, which transportation option is preferred based on cost? We are moving Samsung electronics from Indonesia to Eastern Europe. The value of the electronics being shipped is $560,000. The company's holding cost of inventory is 40% of the value of the products being shipped. The company has two transportation options. Option 1: Truck and Boat, Days in transit: 30 days, Shipping Cost: $15,000 Option 2: Air, Rail and Truck, Days in transit: 20 days Shipping Cost: $20,000 Select one: O a. Option 1 cost: $32,273.97; Option 2 cost: $33,410.96; preferred option based on cost: option 2 O b. Option 1 $239,000; Option 2 $244,000; preferred option based on cost: option 1 Oc Option 1 cost: $33,410.96; Option 2 cost: $32,273.97; preferred option based on cost: option 2 O d. Option 1 $244,000; Option 2 $239,000; preferred option based on cost: option 1
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