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18 December, 17:58

Determine which shipping alternative would be most economical to ship 80 boxes of parts when each box has a price of $200 and holding costs are 30 percent of price, given this shipping information: overnight, $300, two-day, $260, six-day, $180. (round your intermediate calculations to 2 decimal places.) overnight two-day six-day

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  1. 18 December, 20:17
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    6 days

    Explanation:

    Overnight cost

    Shipping fee = $300

    Holding cost - ($200 * 80) * 30% = $4800

    Two days

    Shipping fee = $260

    Saving = 300 - 260 = $40

    Holding cost for an extra day

    ((200*80) * 30%) * 1 / 365 = $13.15

    Savings = $26.85

    Six day

    Shipping fee = $180

    Saving = $300 - $180 = $120

    Holding cost for extra five days

    ((200*80) * 30%) * 5/365 = $65.75

    Savings = $120-$65.75

    $54.25
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