A jewely firm buys semiprecious stones to make bracelets and rings. The supplier quotes a price of $8.90 per stone for quantities of 600 stones or more, $9.30 per stone for orders of 400 to 599 stones, and $9.80 per stone for lesser quantities. The jewelry firm operates 108 days per year. Usage rate is 26 stones per day, and ordering costs are $406.
a. If carrying costs are $3 per year for each stone, find the order quantity that will minimize total annual cost. (Do not roun d intermediate calculations. Round your final answer to the nearest whole number) Order quantity stones
b. If annual carrying costs are 28 percent of unit cost, what is the optimal order size? (Do not round intermediate calculations. Round your final answer to the nearest whole number.) Optimal order size stones
c. If lead time is 4 working days, at what point should the company reorder? (Do not round intermediate calculetions. Round your final answer to the nearest whole number) Reorder quantity stones
Answers: 2
/ 3 
Other questions on the subject: Business
Business, 22.06.2019 13:10, littlemoneyh
The textbook defines ethics as “the principles of conduct governing an individual or a group,” and specifically as the standards one uses to decide what their conduct should be. to what extent do you believe that what happened at bp (british petrolium) is as much a breakdown in the company’s ethical systems as it is in its safety systems, and how would you defend your conclusion?
Answers: 2
Business, 22.06.2019 18:50, gabelawson6996
Dominic is the founder of an innovative "impromptu catering" business that provides elegant, healthy party food and decorations on less than 24 hours' notice. the company has grown by over 150 percent in the past year. dominic credits some of the company's success to studying the strategies of prominent social entrepreneurs, such as wikipedia's jimmy wales. what can dominic do to exemplify the social entrepreneurship model?
Answers: 2
Business, 22.06.2019 21:00, thicklooney
You are given the following information about aggregate demand at the existing price level for an economy: (1) consumption = $400 billion, (2) investment = $40 billion, (3) government purchases = $90 billion, and (4) net export = $25 billion. if the full-employment level of gdp for this economy is $600 billion, then what combination of actions would be most consistent with closing the gdp gap here?
Answers: 3
Business, 22.06.2019 22:10, jeanieb
Consider the labor market for computer programmers. during the late 1990s, the value of the marginal product of all computer programmers increased dramatically. holding all else equal, what effect did this process have on the labor market for computer programmers? the equilibrium wagea. increased, and the equilibrium quantity of labor decreased. b. decreased, and the equilibrium quantity of labor increased. c. increased, and the equilibrium quantity of labor increased. d. decreased, and the equilibrium quantity of labor decreased.
Answers: 3
Do you know the correct answer?
A jewely firm buys semiprecious stones to make bracelets and rings. The supplier quotes a price of $...
Questions in other subjects:
History, 10.03.2021 03:10
Arts, 10.03.2021 03:10
Mathematics, 10.03.2021 03:10
Mathematics, 10.03.2021 03:10
Mathematics, 10.03.2021 03:10
Mathematics, 10.03.2021 03:10
