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MS-3053 MOD 8 - Q08B
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Terms in this set (10)
The same scenario will be used for questions 11-20.
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 $28 per pair that the supplier could offer. Other quantity discounts offered by the supplier are given in the following table.
Order QuantityUnit PriceUp to 199$32200 up to 299$30300 and more$28
If Keith is willing to pay a unit price of $32.00, determine the economic order quantity (EOQ).
146
141
137
199
None of the above
137
QUESTION 2
The same scenario will be used for questions 11-20.
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 $28 per pair that the supplier could offer. Other quantity discounts offered by the supplier are given in the following table.
Order QuantityUnit PriceUp to 199$32200 up to 299$30300 and more$28
If Keith is willing to pay a unit price of $30.00, determine the economic order quantity (EOQ)
146
141
137
199
None of the above
141
QUESTION 3
The same scenario will be used for questions 11-20.
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 $28 per pair that the supplier could offer. Other quantity discounts offered by the supplier are given in the following table.
Order QuantityUnit PriceUp to 199$32200 up to 299$30300 and more$28
If Keith is willing to pay a unit price of $28.00, determine the economic order quantity (EOQ)
146
141
137
199
None of the above
146
QUESTION 4
The same scenario will be used for questions 11-20.
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 $28 per pair that the supplier could offer. Other quantity discounts offered by the supplier are given in the following table.
Order QuantityUnit PriceUp to 199$32200 up to 299$30300 and more$28
If Keith is willing to pay a unit price of $32.00, determine the actual order quantity if it takes the advantage of the quantity discounts.
146
141
200
199
None of the above
None of the above
QUESTION 5
The same scenario will be used for questions 11-20.
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 $28 per pair that the supplier could offer. Other quantity discounts offered by the supplier are given in the following table.
Order QuantityUnit PriceUp to 199$32200 up to 299$30300 and more$28
If Keith is willing to pay a unit price of $30.00, determine the actual order quantity if it takes the advantage of the quantity discounts.
146
141
200
199
None of the above
200
QUESTION 6
The same scenario will be used for questions 11-20.
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 $28 per pair that the supplier could offer. Other quantity discounts offered by the supplier are given in the following table.
Order QuantityUnit PriceUp to 199$32200 up to 299$30300 and more$28
If Keith is willing to pay a unit price of $28.00, determine the actual order quantity if it takes the advantage of the quantity discounts.
146
141
200
199
None of the above
None of the above
QUESTION 7
The same scenario will be used for questions 11-20.
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 $28 per pair that the supplier could offer. Other quantity discounts offered by the supplier are given in the following table.
Order QuantityUnit PriceUp to 199$32200 up to 299$30300 and more$28
If Keith is willing to pay a unit price of $32.00, determine the total, including the purchase, carrying and ordering, cost
64920.00
64940.00
64938.31
64876.36
None of the above
64876.36
QUESTION 8
The same scenario will be used for questions 11-20.
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 $28 per pair that the supplier could offer. Other quantity discounts offered by the supplier are given in the following table.
Order QuantityUnit PriceUp to 199$32200 up to 299$30300 and more$28
If Keith is willing to pay a unit price of $30.00, determine the total, including the purchase, carrying and ordering, cost.
60900.00
61100.00
60848.53
60898.51
None of the above
60900.00
QUESTION 9
The same scenario will be used for questions 11-20.
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 $28 per pair that the supplier could offer. Other quantity discounts offered by the supplier are given in the following table.
Order QuantityUnit PriceUp to 199$32200 up to 299$30300 and more$28
If Keith is willing to pay a unit price of $28.00, determine the total, including the purchase, carrying and ordering, cost.
56860.00
56880.00
57040.00
56819.76
None of the above
57040.00
QUESTION 10
The same scenario will be used for questions 11-20.
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 $28 per pair that the supplier could offer. Other quantity discounts offered by the supplier are given in the following table.
Order QuantityUnit PriceUp to 199$32200 up to 299$30300 and more$28
Which order quantity do you recommend to Keith?
200
300
146
141
None of the above
300
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