Richardrsquos sporting goods needs to fill an online order, Ask an Expert

Management Studies

Richard’s Sporting Goods needs to fill an online order for 172 hockey sticks. The manager is considering shipping the order by truck to the customer in Wisconsin, at a carrier charge of $125. The delivery will take five days and the order is paid on delivery (Richard’s doesn’t get paid until the sticks are received). The hockey sticks are valued at $50 for each stick and Richard’s uses a 24 percent annual inventory carrying charge.

a. What will be the total shipping and transit inventory cost of the shipment? (Use 365 days in a year. Do not round intermediate calculations. Round your answers to 2 decimal places.)

b-1. If the shipment could be delivered in only 2 days at a cost of $150, then what will be the total shipment cost? (Use 365 days in a year. Do not round intermediate calculations. Round your answer to 2 decimal places.)

b-2. If the manager chose the above option, how much money would be saved or lost? (Round your answer to 2 decimal places.)

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92599753

Have any Question?Write your Review or question?

Related Questions in Operation Management

1 what arguments can you make against trying to make

1. What arguments can you make against trying to make gamification part of an organization's culture? What examples can you give or creat to justify your arguments? 2. Identify the factors that influence is the selection ...

Topic saving a store from going out of businessremind us of

Topic: saving a store from going out of business Remind us of your project by first providing a brief overview of the project scope. Name which of the ten critical success factors emerged in this project. Evaluate and ex ...

Bob richards the production manager of stella elements in

Bob Richards, the production manager of Stella Elements, in Boca Raton, Florida, is preparing his quarterly report, which is to include a productivity analysis for his department. One of the inputs is production data pre ...

1 summarize the characteristics of the four different types

1. Summarize the characteristics of the four different types of customer behaviors by taking an example from a single market such as the financial services industry 2. Does inspection add value to a product? 3. Create a ...

Feeding her family healthy foods is important to terri she

Feeding her family healthy foods is important to Terri. She makes a point of buying organic products as often as possible. As she goes through the grocery store she remembers that she needs milk, so she heads over to the ...

Choosing a company facing operations challengesdiscussion

Choosing a Company Facing Operations Challenges Discussion Posting Expectations Before starting your first discussion, examine the following discussion posting expectations for the course: · Participate actively in discu ...

1 in what ways is your bank of america environmental

1. In what ways is your Bank of America environmental sustainability strategy in the best long-term interest of shareholders? Does it contribute to your company’s competitive advantage or profitability? 2. What are two r ...

Javier drops in on his friend luiz to see how his first

Javier drops in on his friend Luiz to see how his first project management assignment is going. Luiz had just finished the defining and organizing phase and presented his plan to project stakeholders. In his plan, he dre ...

Provide a specific situation professional life or personal

Provide a specific situation (professional life or personal situation) where you participated in a negotiation using a competitive or collaborative approach or used other modes of negotiation (accommodate, compromise, av ...

1 in an international context what strategies would you

1. In an international context, what strategies would you apply to mitigate ethnocentricity and racism within the business environment? 2. Suppose, on average 17 customers arrive every hour, and that in an 8 hour shift a ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Operation Management Expert