Answer Happy

Problem 11-4 (Algo) oped The local supermarket buys lettuce each day to ensure really fresh produce. Each morning, any lettuce that is left from the previous day is sold to a dealer that resells it to farmers who use it to feed their animals. This week, the supermarket can buy fresh lettuce for $10.00 a box. The lettuce is sold for $2100 a box and the dealer that sells old lettuce is willing to pay $2.00 a box Past history says that tomorrow's demand for lettuce avetages 262 boxes with a standard deviation of 43 boxes. How many boxes of lettuce should the supermarket purchase tomorrow? (Use Excel's NORM.S.INVO function to find the z volue. Round your answer to the nearest whole number.) BOOK Number of boxes Perences

Problem 11-13 (Algo) Book Dunstreet's Department Store would like to develop an inventory ordering policy with a 98 percent probability of not stocking out. To illustrate your recommended procedure, use as an example the ordering policy for white percale sheets Demand for white percale sheets is 4.700 per year. The store is open 365 days per year. Every four weeks (28 days) inventory is counted and a new order is placed. It takes 7 days for the sheets to be delivered Standard deviation of demand for the sheets is five per day. There are currently 140 sheets on hand How many sheets should you order? (Use Excel's NORM.S.INVO) function to find the z value. Do not round intermediate calculations, Round a value to 2 decimal places and final answer to the nearest whole number) Paine Herences Number of sheets

B Item X is a standard item stocked in a company's inventory of component parts. Each year the firm on a random basis, uses about 1.500 of item X, which costs $25 each. Storage costs, which include insurance and cost of capital amount to $5 per unit of average Inventory. Every time an order is placed for more of item X. It costs $6. a. Whenever Item X is ordered, what should the order size be? (Round your answer to the nearest whole number.) Order size Book Prences b. What is the annual cost for ordering item X? (Round your answer to 2 decimal places. Round your intermediate calculation.) Ordenng cost c. What is the annual cost for storing item X? (Round your onswer to 2 decimal places. Round your intermediate calculation.) Holding cost