Jones Manufacturing Inc

question 32

Multiple Choice

Jones Manufacturing Inc.purchases a component from a Chilean supplier.The demand for that component is exactly 70 units each day.The company is open for business 250 days each year.When the company reorders the product,the lead time from the supplier is exactly 10 days.The product costs $14.00.The company determined that its inventory carrying cost is 20 percent.The company's order cost is $30.00.If the company decides to order 1,750 units each time it places an order,what will be the total annual cost of this policy? (Do not include the product cost in your answer.)

• A)$1,500
• B)$2,400
• C)$2,750
• D)$3,400

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Definitions:

Agnosia

A neurological disorder characterized by the inability to process sensory information properly, leading to difficulties in recognizing objects, people, sounds, shapes, or smells, despite having no significant memory loss.

Fluent Aphasia

A condition characterized by the ability to produce a smooth flow of speech but with a lack of meaning or with semantic errors, typically resulting from damage to the temporal lobe.

Corpus Callosum

A broad band of nerve fibers joining the two hemispheres of the brain, facilitating communication between them.

Nonfluent Aphasics

Individuals who struggle with speech production often characterized by slow, labored speech and struggle to form complete sentences, typically due to brain damage.