A Car Dealer Is Trying to Reduce the Number of Days

question 75

Essay

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).

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Definitions:

Defendant Resides

Relates to the legal jurisdiction and location where a defendant (the party being sued) lives or has their primary residence.

Juries

Groups of citizens convened to make determinations of fact in a court of law, such as deciding on the guilt or innocence of a defendant in a criminal trial.

Criminal Matters

Issues, disputes, or actions that involve violations of criminal law, which are prosecuted by the state and may result in penalties like imprisonment.

Mental Health Courts

Specialized court docket programs aimed at addressing the needs of defendants with mental health conditions, typically emphasizing treatment and rehabilitation.