Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

C iCheggcom Q Quiz: Assignment 3 (Summer I X t Homework Help - Q&A from X t Course Here X C i Cheggcom (- ->

image text in transcribedimage text in transcribed
image text in transcribedimage text in transcribed
C iCheggcom Q Quiz: Assignment 3 (Summer I X t Homework Help - Q&A from X t Course Here X C i Cheggcom (- -> C' 0 usm.instructure.com/courses/7495'I/quizzes/216390/take/questions/5982882 [I] k I] 3 Google Q Canvas 5] Outlook C) SOAR @ AOLMaiI Volleymetrics a YouTube I Adobe Q Quizlet Chegg W A00611 4': FIN 61'! BASF sells customized petrochemical catalysts that are produced in a plant in Germany. Many of their customers are in North America and transportation is done via ocean carrier. They can Home purchase container capacity in advance at the price of $2500 per container. However, if they advance purchase containers, they bear the risk of not knowing their exact needs for containers. In particular, here is a forecast of their needs forJune (Le, a density and distribution function): Sum 2022 Syllabus Kenzie Smith Announcements 69 Modules m \"35'0\" Assignments 0 0.1810 0.0952 11 0.0201 08997 E Quizzes 1 0.1482 0.2592 12 0.0164 0.9179 missussisns 2 0.1213 0.3935 13 0.0134 09328 M 3 0.0993 0.5034 14 0.0110 0.9450 LibmyRW 4 0.0813 0.5934 15 0.0090 0.9550 Cam" Grades 0 5 0.0666 0.6671 16 0.0074 0.9631 % asssstsx 6 0.0545 0.7275 17 0.0060 0.9698 (9 Microsoft 0mm 7 0.0446 0.7769 18 0.0049 0.9753 8 0.0365 0.8173 19 0.0040 0.9798 % 9 0.0299 0.8504 20 0.0033 0.9834 10 0.0245 0.8775 If they purchase a container in advance and don't actually need it, then they will ll it with some excess "ller" product and store it in North America until it can be sold. The expected extra storage cost is $325 per container. For example, if their needs are for 2 containers but they advanced purchased 3 containers, then they ship all three containers and incur an extra $325 charge for the 1 container lled with "ller" product. Containers purchased on the spot market (after they learn their needs) are expected to cost $3000 per container. For example, they may advance purchase 1 container but discover that they need 3 containers, in which case they would purchase an _J_ltj_'_'4l n ___L_:_s__ _; nannn _s_1_ I 1,... \"A-.. __'L_:____ 4.4..\" LL... \"n..__,_ a..__|____ L_ Help & Resources C | Chegg.com Quiz: Assignment 3 (Summer 2 X Homework Help - Q&A from Or x Course Hero X C | Chegg.com X -CO usm.instructure.com/courses/74951/quizzes/216390/take/questions/5982882 *1Paused G Google Canvas . Outlook SOAR Bol. AOL Mail Volleymetrics YouTube Adobe Q Quizlet C Chegg ACC 611 9 FIN 611 U . UT U . ITV. U. UVTJ Sum 2022 0.0365 0.8173 19 0.0040 0.9798 Home 9 0.0299 0.8504 20 0.0033 0.9834 Syllabus 10 0.0245 0.8775 Kenzie Smith Announcements If they purchase a container in advance and don't actually need it, then they will fill it with some Modules excess "filler" product and store it in North America until it can be sold. The expected extra storage Dashboard cost is $325 per container. For example, if their needs are for 2 containers but they advanced Assignments purchased 3 containers, then they ship all three containers and incur an extra $325 charge for the Courses Quizzes 1 container filled with "filler" product. Containers purchased on the spot market (after they learn their needs) are expected to cost $3000 per container. For example, they may advance purchase 1 Discussions container but discover that they need 3 containers, in which case they would purchase an Groups YuJa additional 2 containers at $3000 each. How many containers should they advance purchase to 88: minimize their costs? Library Resources Calendar Grades 5 containers Eb Inbox Cisco Webex 6 containers Microsoft OneDrive 7 containers History 8 containers O None of the answers Studio Help & Previous Resources Quiz saved at 8:24am Submit Quiz K

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting An Integrative Approach

Authors: C J Mcnair Connoly, Kenneth Merchant

2nd Edition

099950049X, 978-0999500491

More Books

Students also viewed these Accounting questions

Question

Population

Answered: 1 week ago

Question

The feeling of boredom.

Answered: 1 week ago