Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Your options for shipping $99.610 of machine parts from Baltimore to Kuala Lumpur, Malaysia, are (1) use a ship that will take 32 days at

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Your options for shipping $99.610 of machine parts from Baltimore to Kuala Lumpur, Malaysia, are (1) use a ship that will take 32 days at a cost of $3,630, or (2) truck the parts to Los Angeles and then ship at a total cost of $4,900. The second option will take only 22 days. You are paid via a letter of credit the day the parts arrive. Your holding cost is estimated at 30% of the value per year. If you have a third option and it costs only $4,130 and also takes 22 days, what is your most economical plan? The daily holding cost of Alternative 1 is $(Enter your response rounded to two decimal places) The daily cost of faster shipping with Alternative 2 is $(Enter your response rounded to two decimal places) The daily cost of faster shipping with Alternative 3 is $. (Enter your response rounded to two decimal places) Time Remaining: 01:03:24 Noyat MIMUUMIMIEHURU you wow, I WILL Angeles and then ship at a total cost of $4,900. The second option will take only 22 days. You are paid via a letter of credit the day the parts arrive. Your holding cost is estimated at 30% of the value per year. If you have a third option and it costs only $4,130 and also takes 22 days, what is your most economical plan? The daily holding cost of Alternative 1 is $(Enter your response rounded to two decimal places.) The daily cost of faster shipping with Alternative 2 is (Enter your response rounded to two decimal places.) The daily cost of faster shipping with Alternative 3 is $(Enter your response rounded to two decimal places.) is more economical. UIU MUUUULL "Luuyu vuri vu, UUSI Angeles and then ship at a total cost of $4,900. The second option will take are paid via a letter of credit the day the parts arrive. Your holding cost is e the value per year. If you have a third option and it costs only $4,130 and also takes 22 days, economical nlan? Alternative 1 is $. (Enter your response rounde $ Alternative 2 nipping with Alternative 2 is $ | (Enter your respo Alternative 3 nipping with Alternative 3 is $O. (Enter your respor 3 Alternative 1 im is more economical. Time Remaining: 01:02:5 Your options for shipping $99,610 of machine parts from Baltimore to Kuala Lumpur, Malaysia, are (1) use a ship that will take 32 days at a cost of $3,630, or (2) truck the parts to Los Angeles and then ship at a total cost of $4,900. The second option will take only 22 days. You are paid via a letter of credit the day the parts arrive. Your holding cost is estimated at 30% of the value per year. If you have a third option and it costs only $4,130 and also takes 22 days, what is your most economical plan? (Enter your response rounded to two decimal The daily holding cost of Alternative 1 is $ places.) The daily cost of faster shipping with Alternative 2 is $ (Enter your response rounded to two decimal places.) The daily cost of faster shipping with Alternative 3 is $. (Enter your response rounded to two decimal places) Time Remaining: 00:57:21 Next

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

Personal Finance

Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart

14th Edition

1264101597, 9781264101597

More Books

Students also viewed these Finance questions

Question

1. Maintain a safe and organized work environment.

Answered: 1 week ago