Contemporary Mathematics for Business & Consumers
8th Edition
ISBN: 9781305585447
Author: Robert Brechner, Geroge Bergeman
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Concept explainers
Videos
Question
Chapter 16.III, Problem 1RE
To determine
To calculate: The target average inventory if the publish rate is greater than the inventory turnover, average inventory and inventory turnover and round off to nearest tenth when the net sale is provided as $500,000 and beginning and ending inventory are provided as $50,000 and $70,000 respectively and the published rate is provided as 10.0.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
A cable runs along the wall from C to P at a cost
of $24 per meter, and straight from P to M at a
cost of $26 per meter. If M is 10 meters from the
nearest point A on the wall where P lies, and A is
72 meters from C, find the distance from C to P
such that the cost of installing the cable is
minimized and find this cost.
C
72
P
A
10
M
The number of bank robberies in a country for the years 2010-2018 is given in the following figure. Consider the
closed interval [2010,2018].
(a) Give all relative maxima and minima and when they occur on the interval.
(b) Give the absolute maxima and minima and when they occur on the interval.
Incidents
7000-
6000-5
5482
5000-
4424
4273
4822
4000-
3708
3748
4229
4089
3000-
2582
2000-
1000-
0
2010
2012
2014
2016
2018
Year
please do 8.1 q7
Chapter 16 Solutions
Contemporary Mathematics for Business & Consumers
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
- please do 8.1 q6arrow_forwardIf the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in a certain city, where p(x)=158- X 10° a. Find an expression for the total revenue from the sale of x thousand candy bars. b. Find the value of x that leads to maximum revenue. c. Find the maximum revenue.arrow_forward3 The total profit P(X) (in thousands of dollars) from the sale of x hundred thousand automobile tires is approximated by P(x) = -x³ + 12x² + 60x - 200, x≥5. Find the number of hundred thousands of tires that must be sold to maximize profit. Find the maximum profit. The maximum profit is $ when hundred thousand tires are sold.arrow_forward
- A fence must be built to enclose a rectangular area of 5000 ft². Fencing material costs $4 per foot for the two sides facing north and south and $8 per foot for the other two sides. Find the cost of the least expensive fence. The cost of the least expensive fence is $ (Simplify your answer.)arrow_forwardThe number of fish swimming upstream to spawn is approximated by the function given below, where x represents the temperature of the water in degrees Celsius. Find the water temperature that produces the maximum number of fish swimming upstream. F(x) = x3 + 3x² + 360x + 5017, 5≤x≤18arrow_forwardA campground owner has 500 m of fencing. He wants to enclose a rectangular field bordering a river, with no fencing along the river. (See the sketch.) Let x represent the width of the field. (a) Write an expression for the length of the field as a function of x. (b) Find the area of the field (area = length x width) as a function of x. (c) Find the value of x leading to the maximum area. (d) Find the maximum area. x Riverarrow_forward
- A rectangular tank with a square base, an open top, and a volume of 1372 ft³ is to be constructed of sheet steel. Find the dimensions of the tank that has the minimum surface area. The dimensions of the tank with minimum surface area are (Simplify your answer. Use a comma to separate answers.) ft.arrow_forwardWrite an equation for the function graphed below 5+ 4 - -7 -6 -5 -4 -3 -2 -1 y = 3. 2 1 + 1 2 3 4 5 6 7 -1 -3 -4 5 -5+ aarrow_forwardi know that angle ZPY is 55 and arc zy is 110. How is arc wx 125arrow_forward
- Approximate graphically the radius and height of a cylindrical container with volume 50 cubic inches and lateral surface area 75 square inches. h 2лr The radius is in and the height is in. (Round to the nearest hundredth.) h Volume of a cylinder = r²h Lateral area of a cylinder = 2лrharrow_forwardFind the derivative of the following function. -8e5x y= 9x+2arrow_forwardi know that angle ZPY is 55 and arc ZY is 110. How is arc WX 125?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Holt Mcdougal Larson Pre-algebra: Student Edition...AlgebraISBN:9780547587776Author:HOLT MCDOUGALPublisher:HOLT MCDOUGAL
Holt Mcdougal Larson Pre-algebra: Student Edition...
Algebra
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Learn Algebra 6 : Rate of Change; Author: Derek Banas;https://www.youtube.com/watch?v=Dw701mKcJ1k;License: Standard YouTube License, CC-BY