Question

herman always carries an inventory of between 60,000 and 80,000 at his store. herman's military antiques. his annual costs for carrying this inventory are 4% for storage, 6% for insurance, 3% for taxes, and 12% interest. what is the greatest possible carrying cost for hermans inventory

Ratios, rates, proportions
ANSWERED
asked 2020-11-16
herman always carries an inventory of between 60,000 and 80,000 at his store. herman's military antiques. his annual costs for carrying this inventory are 4% for storage, 6% for insurance, 3% for taxes, and 12% interest. what is the greatest possible carrying cost for hermans inventory

Answers (1)

2020-11-17
Assuming that the inventory is 60,00to80,000,463123200+4800+2400+9600=20000 We use 80,000 since this is the upper limit of Herman's inventory.
0
 
Best answer

expert advice

Need a better answer?

Relevant Questions

asked 2021-05-19
Sharon wants to buy a shirt that costs $45. The sales tax is 5%. How much is the sales tax? What is her total cost for the shirt?
asked 2021-06-27
A $150,000 loan with $3000 in closing costs plus 1 point requires an advance payment of
asked 2021-06-24
A group of 6 friends went to a sporting event. It cost $30 for each of them to get in. What was the total cost for all of them to get in?
asked 2021-05-02
You decide to take guitar lessons. Each half-hour lesson costs $20. How much will you budget to pay for a half-hour lesson each week for 26 weeks?
asked 2021-06-11
For some positive value of z, the probability that a standard normal variable is between 0 and Z is .3770. Which is the value of z?
asked 2021-05-14
Consider the accompanying data on flexural strength (MPa) for concrete beams of a certain type.
\(\begin{array}{|c|c|}\hline 11.8 & 7.7 & 6.5 & 6 .8& 9.7 & 6.8 & 7.3 \\ \hline 7.9 & 9.7 & 8.7 & 8.1 & 8.5 & 6.3 & 7.0 \\ \hline 7.3 & 7.4 & 5.3 & 9.0 & 8.1 & 11.3 & 6.3 \\ \hline 7.2 & 7.7 & 7.8 & 11.6 & 10.7 & 7.0 \\ \hline \end{array}\)
a) Calculate a point estimate of the mean value of strength for the conceptual population of all beams manufactured in this fashion. \([Hint.\ ?x_{j}=219.5.]\) (Round your answer to three decimal places.)
MPa
State which estimator you used.
\(x\)
\(p?\)
\(\frac{s}{x}\)
\(s\)
\(\tilde{\chi}\)
b) Calculate a point estimate of the strength value that separates the weakest \(50\%\) of all such beams from the strongest \(50\%\).
MPa
State which estimator you used.
\(s\)
\(x\)
\(p?\)
\(\tilde{\chi}\)
\(\frac{s}{x}\)
c) Calculate a point estimate of the population standard deviation ?. \([Hint:\ ?x_{i}2 = 1859.53.]\) (Round your answer to three decimal places.)
MPa
Interpret this point estimate.
This estimate describes the linearity of the data.
This estimate describes the bias of the data.
This estimate describes the spread of the data.
This estimate describes the center of the data.
Which estimator did you use?
\(\tilde{\chi}\)
\(x\)
\(s\)
\(\frac{s}{x}\)
\(p?\)
d) Calculate a point estimate of the proportion of all such beams whose flexural strength exceeds 10 MPa. [Hint: Think of an observation as a "success" if it exceeds 10.] (Round your answer to three decimal places.)
e) Calculate a point estimate of the population coefficient of variation \(\frac{?}{?}\). (Round your answer to four decimal places.)
State which estimator you used.
\(p?\)
\(\tilde{\chi}\)
\(s\)
\(\frac{s}{x}\)
\(x\)
asked 2021-06-18
How many rational numbers are there between -10 and 10? Explain.
asked 2021-06-28
A cd that has a price of $15.50 is on sale at a 25% discount.what is sale price with 6.5 tax?
asked 2021-05-22
Which of the following are assumptions for the Significance Test for the Proportion? Data is from a Normal Distribution nphat and n(1-phat) are both greater than 15 Data is Quantitative. Data is from a convenience sample. Data is Categorical. Data is from a random sample. nPo and n(1-Po) are both the greater than 1
asked 2021-05-26
Consider the following table that models an exponential growth of the amount of rumars Niles spreads about Frasier. Days People that know the rumer
1 4
2 16
3 64
4 256
Part A: How many people were told on the first day? Part B: What is the ratio that the number of people were told per day?
...