Shoe Shine is a local retail shoe store located on the north side of Centerville. Annual...
Shoe Shine is a local retail shoe store located on the north side of Centerville. Annual Demand for a popular sandal is 500 pairs, and john Dirk, the owner of Shoe Shine, has been in the habit of ordering 100 pairs at a time. John estimates that that the ordering cost is $10 per order. The cost of the sandal is $5 per pair.
1. State the Data D = ? C0 = ? and C = ?
2. For Johns ordering policy to be correct, what would the carrying cost as a percentage of the unit cost be?
3. If the carrying cost were 10% of the cost, what would the optimal order quality be?
Please Show Work.
Homework Answers
Add Answer to:
Shoe Shine is a local retail shoe store located on the north
side of Centerville. Annual...
Keith Shoe Stores carries a basic black dress shoe for men that sells at an annual...
Keith Shoe Stores carries a basic black dress shoe for men that sells at an annual demand of 2000 pairs. Keith’s current buying policy is to order 500 pairs each time an order is placed. An order costs Keith $30 to place. The annual carrying cost for each pair over a one year period is 20% of the price of a pair that Keith pays. At the order quantity of 500 pairs, Keith pays the lowest possible unit price of...
Keith Shoe Stores carries a basic black dress shoe for men that sells at an annual...
Keith Shoe Stores carries a basic black dress shoe for men that sells at an annual demand of 2000 pairs. Keith's current buying policy is to order 500 pairs each time an order is placed. An order costs Keith $30 to place. The annual carrying cost for each pair over a one year period is 20% of the price of a pair that Keith pays. At the order quantity of 500 pairs, Keith pays the lowest possible unit price of...
Chartsworth is a shoe producing company and sells an excellent quality shoe. After production, the shoes...
Chartsworth is a shoe producing company and sells an excellent quality shoe. After production, the shoes are distributed to 20 warehouses around the country. Each warehouse services approximately 100 stores in its region. Chartsworth uses an EOQ model to determine the number of pairs of shoes to order for each warehouse from the factory. Annual demand for Warehouse OR2 is approximately 120 000 pairs of shoes. The ordering cost is R250 per order. The annual carrying cost of a pair...
A North Face retail store in Chicago sells 120 jackets per week. Each jacket costs the...
A North Face retail store in Chicago sells 120 jackets per week. Each jacket costs the store $100 and the company has an annual holding cost of 25 percent. The fixed cost of a replenishment order (including transportation) is $100. The store currently places a replenishment order every month for 500 jackets. What is the annual holding cost? What is the annual ordering cost? What is the annual total cost including the purchasing cost? If the retail store wants to...
In 2000, Amy Holland started a small mountaineering gear retail store in Northern Colorado. The store...
In 2000, Amy Holland started a small mountaineering gear retail store in Northern Colorado. The store rapidly became known as Holland Gear. Ten years later, Amy had opened four additional retail stores that we covering the major regions in the US. The main product line was a family of in-house designed high-tech jackets that we fully waterproof while being breathable and lightweight. These versatile jackets sold throughout the entire year and their demand was not materially affected by the time...
Ever since the introduction of the first home theater systems for television, Fadi Faddoul has dreamed about manufacturi...
Ever since the introduction of the first home theater systems for television, Fadi Faddoul has dreamed about manufacturing his own Home Theater system for professionals. During the early years of home theater, Fadi watched a lot of his favorite old movies on his home theater and planned the eventual development of his own Home Theater system. He intended it to be used primarily by television stations, advertising agencies, and other individuals and groups that wanted the best in Home Theater...
Professional Home Theater Management anit price of the Home Theater systems would be only $210. The other lapanese s...
Professional Home Theater Management anit price of the Home Theater systems would be only $210. The other lapanese suppler s Nony. Although Nony originally started in Japan, also outside of Tokyo. now has aftes and Ever since the introduction of the first home theater systems for television, Fadi Faddoul has dreamed about manufacturing his own Home Theater system for professionals. During the early years of home theater, Fadi watched a lot of his favorite old movies on his home theater...
2) compute contribution margin for each channel 3) compute break even point (in terms of number...
2) compute contribution margin for each channel
3) compute break even point (in terms of number of orders and
dollars) for each distribution channel
(HINT - Fixed costs are all trade show expenses. Use
depreciation for the booth as a fixed cost. The booth cost should
be considered an investment not a fixed cost)
4) Calculate the number of orders at a target profit of
$100,000
5) Calculate the profitability for both the low and high order
estimates
We were...
Keith Shoe Stores carries a basic black dress shoe for men that sells at an annual demand of 2000 pairs. Keith's current buying policy is to order 500 pairs each time an order is placed. An order costs Keith $30 to place. The annual carrying cost for each pair over a one year period is 20% of the price of a pair that Keith pays. At the order quantity of 500 pairs, Keith pays the lowest possible unit price of...
Professional Home Theater Management anit price of the Home Theater systems would be only $210. The other lapanese suppler s Nony. Although Nony originally started in Japan, also outside of Tokyo. now has aftes and Ever since the introduction of the first home theater systems for television, Fadi Faddoul has dreamed about manufacturing his own Home Theater system for professionals. During the early years of home theater, Fadi watched a lot of his favorite old movies on his home theater...
2) compute contribution margin for each channel
3) compute break even point (in terms of number of orders and
dollars) for each distribution channel
(HINT - Fixed costs are all trade show expenses. Use
depreciation for the booth as a fixed cost. The booth cost should
be considered an investment not a fixed cost)
4) Calculate the number of orders at a target profit of
$100,000
5) Calculate the profitability for both the low and high order
estimates
We were...
Most questions answered within 3 hours.
-
Which of the following pairs of ions have the same electron
configuration?
I: Br− and Se2−...
asked 2 hours ago -
The Foremost Composite Materials Company is planning a two-day
sales conference for October 19-20. The conference...
asked 2 hours ago -
3) Illustrate the observed pattern of relatedness of organisms
versus adaptations to specific conditions. This means...
asked 2 hours ago -
In winter a lake has a 0.35 m thick ice layer over 1.10 m of
water....
asked 3 hours ago -
Assuming the following has been encrypted with a Vigenere cipher
below, use the method(s) and assumptions...
asked 4 hours ago -
How would I use switch statements to write a program that will
take an input of...
asked 4 hours ago -
Imagine a reaction in which methane gas combusts at a constant
pressure of 1 atm and...
asked 4 hours ago -
Two parallel wires (each 12 m in length) are separated by a
distance of 0.065 m...
asked 4 hours ago -
Suppose there were three masses at the corner of uniform
equilateral triangle. The masses are m1...
asked 4 hours ago -
Situation: A building that is 618 m above the ground floor. How
many times would a...
asked 4 hours ago -
help me and discuss one successful and one
unsuccessful international company/busines in Indonesia.whyit
succeed and why...
asked 4 hours ago -
I- Choose the best answer
Which of the following statements about the structure and
packaging of...
asked 4 hours ago