EBK CONTEMPORARY MATHEMATICS FOR BUSINE
8th Edition
ISBN: 9781305888715
Author: Brechner
Publisher: CENGAGE LEARNING - CONSIGNMENT
expand_more
expand_more
format_list_bulleted
Concept explainers
Videos
Question
Chapter 16, Problem 9CR
To determine
To fill: The blank spaces provided in the statement, “ The two generally accepted methods for estimating the value of an inventory are the _____ method and the gross _____”.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
11 In the Pharlemina's Favorite quilt pattern below,
vega-pxe-frame
describe a motion that will take part (a) green to
part (b) blue.
Part (a)
Part (b)
Business discuss
(c) Describe the distribution plan and show the total distribution cost.
Optimal Solution
Amount
Cost
$ 2000
Southern-Hamilton
200
Southern-Butler
$
Southern-Clermont
300
4500
Northwest-Hamilton
200
$2400
Northwest-Butler
200
$3000
Northwest-Clermont
$
Total Cost
ક
(d) Recent residential and industrial growth in Butler County has the potential for increasing demand by 100 units.
(i) Create an updated distribution plan assuming Southern Gas becomes the preferred supplier.
Distribution Plan with Southern Gas
Amount
Southern-Hamilton
$
Cost
×
Southern-Butler
x
$
Southern-Clermont
300
$ 4500
Northwest-Hamilton
64
x
Northwest-Butler
$
×
Northwest-Clermont 0
$0
Total Cost
$
(ii) Create an updated distribution plan assuming Northwest Gas becomes the preferred supplier.
Distribution Plan with Northwest Gas
Southern-Hamilton
Southern-Butler
0
Southern-Clermont
Northwest-Hamilton
Northwest-Butler
Northwest-Clermont
Total Cost
Amount
×
x
x
+7
$0
Cost
×
$
×
$
×
+4
$
-/+
$
×
×
Chapter 16 Solutions
EBK CONTEMPORARY MATHEMATICS FOR BUSINE
Ch. 16.I - You are the merchandise manager at Best Buy. The...Ch. 16.I - Prob. 2TIECh. 16.I - Prob. 3TIECh. 16.I - Prob. 4TIECh. 16.I - Prob. 1RECh. 16.I - Prob. 2RECh. 16.I - 3. Calculate the total number of units available...Ch. 16.I - When the merchandise manager of Advance Auto Parts...Ch. 16.I - Prob. 5RECh. 16.I - The following data represent the inventory figures...
Ch. 16.I - 7. Determine the value of the following inventory...Ch. 16.I - 8. Determine the value of the following inventory...Ch. 16.I - Prob. 9RECh. 16.I - BUSINESS DECISION: IN OR OUT? You are the...Ch. 16.II - Using the retail method, estimate the value of the...Ch. 16.II - Prob. 6TIECh. 16.II - Using the retail method, estimate the value of the...Ch. 16.II - 2. Using the retail method, estimate the value of...Ch. 16.II - Prob. 3RECh. 16.II - Prob. 4RECh. 16.II - Omni Fitness Equipment, Inc., maintains a gross...Ch. 16.II - 6. Hirst Electrical Supplies maintains a gross...Ch. 16.II - Prob. 7RECh. 16.II - 8. You are the warehouse manager for Discovery...Ch. 16.II - BUSINESS DECISION: OVER OR UNDER?
9. You own...Ch. 16.III - Exotic Gardens had net sales of $260,700 for the...Ch. 16.III - Prob. 8TIECh. 16.III - Prob. 9TIECh. 16.III - Prob. 1RECh. 16.III - Prob. 2RECh. 16.III - Assuming that all net sales figures are at retail...Ch. 16.III - Prob. 4RECh. 16.III - Prob. 5RECh. 16.III - Prob. 6RECh. 16.III - Prob. 7RECh. 16.III - Prob. 8RECh. 16.III - Prob. 9RECh. 16.III - A Circle K convenience store had net sales of...Ch. 16.III - Prob. 11RECh. 16.III - Prob. 12RECh. 16.III - Prob. 13RECh. 16.III - Prob. 14RECh. 16.III - Prob. 15RECh. 16 - 1. Goods that a company has in its possession at...Ch. 16 - Prob. 2CRCh. 16 - Prob. 3CRCh. 16 - Prob. 4CRCh. 16 - Prob. 5CRCh. 16 - Prob. 6CRCh. 16 - Prob. 7CRCh. 16 - Prob. 8CRCh. 16 - Prob. 9CRCh. 16 - Prob. 10CRCh. 16 - Prob. 11CRCh. 16 - Prob. 12CRCh. 16 - 13. The ideal amount of inventory a company should...Ch. 16 - 14. When the target average inventory is...Ch. 16 - 1. Calculate the total number of Maytag Neptune...Ch. 16 - When the buyer for Southern Distributors (Exercise...Ch. 16 - Prob. 3ATCh. 16 - Prob. 4ATCh. 16 - Prob. 5ATCh. 16 - 6. Using the retail method, estimate the value of...Ch. 16 - Prob. 7ATCh. 16 - Prob. 8ATCh. 16 - Prob. 9ATCh. 16 - Assuming that all net sales figures are at retail...Ch. 16 - Prob. 11ATCh. 16 - A Foot Locker store had net sales of $435,900 for...Ch. 16 - 13. The Fabric Mart had cost of goods sold of...
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.Similar questions
- The distribution system for the Herman Company consists of three plants, two warehouses, and four customers. Plant capacities and shipping costs per unit (in $) from each plant to each warehouse are as follows. Warehouse Plant Capacity 1 2 1 4 7 450 2 8 5 600 3 5 6 380 Customer demand and shipping costs per unit (in $) from each warehouse to each customer are as follows. Customer Warehouse 1 2 3 1 6 4 8 2 3 6 7 7 Demand 300 300 300 400 (a) Develop a network representation of this problem. (Submit a file with a maximum size of 1 MB.) Choose File No file chosen This answer has not been graded yet. (b) Formulate a linear programming model of the problem. (Let Plant 1 be node 1, Plant 2 be node 2, Plant 3 be node 3, Warehouse 1 be node 4, Warehouse 2 be node 5, Customer 1 be node 6, Customer 2 be node 7, Customer 3 be node 8, and Customer 4 be node 9. Express your answers in the form x;;, where x,; represents the number of units shipped from node i to node j.) Min 4x14+8x24+5x34+7x15 +5x25…arrow_forwardA linear programming computer package is needed. Hanson Inn is a 96-room hotel located near the airport and convention center in Louisville, Kentucky. When a convention or a special event is in town, Hanson increases its normal room rates and takes reservations based on a revenue management system. A large profesional organization has scheduled its annual convention in Louisville for the first weekend in June. Hanson Inn agreed to make at least 50% of its rooms available for convention attendees at a special convention rate in order to be listed as a recommended hotel for the convention. Although the majority of attendees at the annual meeting typically request a Friday and Saturday two-night package, some attendees may select a Friday night only or a Saturday night only reservation. Customers not attending the convention may also request a Friday and Saturday two-night package, or make a Friday night only or Saturday night only reservation. Thus, six types of reservations are…arrow_forwardQuestions 1. Identify and describe potential bias in the study. 2. Identify and describe the way in which the selected participants may or may not represent the population as a whole. 3. Identify and describe the possible problems with the end results since the majority will be from females rather than an even split. 4. Identify and describe the possible problems with identifying females as possibly more vulnerable based on the data collected. 5. Identify a possible null hypothesis and problems in how the study might address this null hypothesis. 6. Identify one possible method of improving the study design and describe how it would improve the validity of the conclusions. 7. Identify a second possible method of improving the study design and describe how it would improve the validity of the conclusions.arrow_forward
- 25.2. Find the Laurent series for the function 1/[z(z-1)] in the follow- ing domains: (a). 0<|z|< 1, (b). 1<|z, (c). 0arrow_forward25.5. Find the Laurent series for the function 1/[(z - 1)(-2)(z - 3)] in the following domains: (a). 0 3. شهریarrow_forward25.1. Expand each of the following functions f(z) in a Laurent series on the indicated domain: (a). z² - 2z+5 (2-2)(z² + 1)' (c). Log za 2 b (z - موجود 11, 29, where b>a> 1 are real, |z| > b.arrow_forward25.3. Find the Laurent series for the function z/[(22 + 1)(z² + 4)] in the following domains (a). 02.arrow_forward25.2. Find the Laurent series for the function 1/[z(z-1)] in the follow- ing domains: (a). 0<|z|< 1, (b). 1 <|z|, (c). 0<|z1|< 1, (d). 1< |z1|, (e). 1<|z2|<2.arrow_forward25.1. Expand each of the following functions f(z) in a Laurent series on the indicated domain: 22-2z+5 (z - 2) (z² + 1)' (z 11, 22 (a). (c). Log (2-8) where b>a> 1 are real, |z|> b. barrow_forward25.5. Find the Laurent series for the function 1/[(2-1)(z-2)(z-3)] in the following domains: (a). 0 3.arrow_forwardCan you explain how the error term in the CF Algorithm relates to the (m+1)th complete quotient? Also, what would be a good way to explain the connection between these two slides? How can one transition between them for a presentation?arrow_forwardHow can I explain the pi example in a presentation? I'm having trouble transitioning between these two slidesarrow_forwardarrow_back_iosSEE MORE QUESTIONSarrow_forward_ios
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw Hill
Holt Mcdougal Larson Pre-algebra: Student Edition...AlgebraISBN:9780547587776Author:HOLT MCDOUGALPublisher:HOLT MCDOUGAL
Algebra & Trigonometry with Analytic GeometryAlgebraISBN:9781133382119Author:SwokowskiPublisher:Cengage
College Algebra (MindTap Course List)AlgebraISBN:9781305652231Author:R. David Gustafson, Jeff HughesPublisher:Cengage Learning
Algebra: Structure And Method, Book 1AlgebraISBN:9780395977224Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. ColePublisher:McDougal Littell
Linear Algebra: A Modern IntroductionAlgebraISBN:9781285463247Author:David PoolePublisher:Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill
Holt Mcdougal Larson Pre-algebra: Student Edition...
Algebra
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:9781133382119
Author:Swokowski
Publisher:Cengage
College Algebra (MindTap Course List)
Algebra
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:Cengage Learning
Algebra: Structure And Method, Book 1
Algebra
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:McDougal Littell
Linear Algebra: A Modern Introduction
Algebra
ISBN:9781285463247
Author:David Poole
Publisher:Cengage Learning
The Shape of Data: Distributions: Crash Course Statistics #7; Author: CrashCourse;https://www.youtube.com/watch?v=bPFNxD3Yg6U;License: Standard YouTube License, CC-BY
Shape, Center, and Spread - Module 20.2 (Part 1); Author: Mrmathblog;https://www.youtube.com/watch?v=COaid7O_Gag;License: Standard YouTube License, CC-BY
Shape, Center and Spread; Author: Emily Murdock;https://www.youtube.com/watch?v=_YyW0DSCzpM;License: Standard Youtube License