A Company Normally Ships to a Customer by Rail at a Cost

question 6

Short Answer

A company normally ships to a customer by rail at a cost of $500 per load. The transit time is 14 days. The goods can be shipped by truck for $700 per load and a transit time of 4 days. If transit inventory cost is $35 per day, what does it cost to ship each way?

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Definitions:

Personalism

Behaviour that appears to be directly intended to benefit or harm oneself rather than others.

Causal Schemata

Experience-based beliefs about how certain types of causes interact to produce an effect.

Internal Cause

An explanation for behavior or events that attributes their origin to factors within the person, such as traits, feelings, or abilities.

Emotional Lability

The tendency to experience rapid and intense emotional changes or mood swings, with emotions that might not be proportionate to the situation.