A car dealer is trying to reduce the number of days of inventory held at any given time on the lot. Assume that he projects the daily sales rate as the last two months averaged. Assume that the monthly sales rate for August was 12 cars/day, September was 14 cars/day, October was 12 cars/day, and November was 8 cars/day. Given an inventory of 500 cars at the start of November and 400 at the start of December, determine the number of days of inventory on hand at the start of November and December (also assume each month has EXACTLY 30 days of sales).
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q41: A shipment of parts valued at $75,000
Q76: Identify some technological advances that can serve
Q138: What are the advantages of shipping by
Q139: What advantages may result from effectively outsourcing
Q140: A transportation firm spends 60 percent of
Q141: A company is deciding where to
Q143: A container of ball-bearings valued at $25,000,
Q144: A manufacturing plant had $.74 of raw
Q145: A company is deciding where to
Q154: Identify three specific measures that indicate how
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents