While the percentages may not hold in a particular industry, the ______ rule suggests that a small fraction of customers provide
1 answer:
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Answer:
$6,598,076.21
Explanation:
<h2>THE KEY IS TO FIND OUT THE COST FUNCTION, the calculations are very easy!!!</h2><h2></h2><h3>In order to find the cost function, take a look at the drawing attached. </h3>
We can see the river (sort of) that is 3 km wide and the storage tanks on the other side of the river 8 km apart.
<h3 />Laying pipes under (across) the river costs 1,000,000 the km & laying pipes over land costs 500,000 per km.
<h3 /><h3>So basically the cost function is 1,000,000 multiplied by something plus 500,000 multiplied by another something.</h3><h3 />The distance across the river can be found by using Pythagoras Theorem. A side is 3 km the other is unknown, so we call it X. And it is equal to:
And we multiply it by 1,000,000; the cost of laying pipe under the river, the we get:
The distance over the land is (8-x), as we can see in the drawing. So we multiply it by its cost, 500,000. And we get 500,000(8-x).
So the cost function f(x) would be:
And we plug square root of 3 in the original cost function ad we get
Answer:
Invnetory TurnOver 10
Average inventory 36.5
Explanation:
300,000 / 30,000 = 10
The company sales his inventory 10 times per year
In some cases, we are given with a beginning and ending inventory.
For those, we calculate the average inventory:
(beginning + ending)/2
365/10 = 36.5
The average the inventory age is 36.5 days
365 are the days of the year, and the inventory Turnover are the times per year the inventory is being sold.
we divide one fro manother to get a metric in days of how much the invneotry is in store before being sold.