C. PA 12-1 Millennium Liquors is a wholesaler... a. b. d. e. Answer is complete but not entirely correct. Millennium Liquors is a wholesaler of sparkling wines. Their most popular product is the French Bete Noire which is shipped directly from France. Weekly demand is for 45 cases. Millennium purchases each case for $100, there is a $275 fixed cost for each order (independent of the quantity ordered) and their annual holding cost is 20 percent. What order quantity minimizes Millennium's annual ordering and holding costs? If Millennium chooses to order 300 cases each time, what is the sum of their annual ordering and holding costs? (Round your answer to 2 decimal places.) If Millennium chooses to order 75 cases each time, what is the sum of the ordering and holding costs incurred by each case sold? If Millennium is restricted to order in multiples of 50 cases (e.g., 50, 100, 150, etc.) how many cases should they order to minimize their annual ordering and holding costs? Millennium is offered a 5.00% discount if they purchase at least 1,000 cases. If they decide to take advantage of this discount, what is the sum of their annual ordering and holding costs? 254 cases $5,145 per 9,330.00 case 250 $ 10,144 cases

C. PA 12-1 Millennium Liquors is a wholesaler... a. b. d. e. Answer is complete but not entirely correct. Millennium Liquors is a wholesaler of sparkling wines. Their most popular product is the French Bete Noire which is shipped directly from France. Weekly demand is for 45 cases. Millennium purchases each case for $100, there is a $275 fixed cost for each order (independent of the quantity ordered) and their annual holding cost is 20 percent. What order quantity minimizes Millennium's annual ordering and holding costs? If Millennium chooses to order 300 cases each time, what is the sum of their annual ordering and holding costs? (Round your answer to 2 decimal places.) If Millennium chooses to order 75 cases each time, what is the sum of the ordering and holding costs incurred by each case sold? If Millennium is restricted to order in multiples of 50 cases (e.g., 50, 100, 150, etc.) how many cases should they order to minimize their annual ordering and holding costs? Millennium is offered a 5.00% discount if they purchase at least 1,000 cases. If they decide to take advantage of this discount, what is the sum of their annual ordering and holding costs? 254 cases $5,145 per 9,330.00 case 250 $ 10,144 cases

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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