Janine is considering buying a water filter and a reusable water
bottle rather than buying bottled water. Will doing so save her
money?
First, determine what information you need to answer this question,
then click here to display that info (along with other info).
Which option is cheapest over one year (365 days)?
The cheapest option saves her $______ over a year.
Give your answer to the nearest cent. Pro-rate the costs of
additional filters (so if you only use part of a filter, only count
the corresponding fraction of the filter cost).
In: Advanced Math
Janine is considering buying a water filter and a reusable water
bottle rather than buying bottled water. Will doing so save her
money?
First, determine what information you need to answer this
question,
How much water does Janine drink in a day? She normally drinks 4 bottles a day, each 16.9 ounces.
How much does a bottle of water cost? She buys 24-packs of 16.9 ounce bottles for $3.79.
How much does a reusable water bottle cost? About $10.
How long does a reusable water bottle last? Basically forever (or until you lose it).
How much does a water filter cost? How much water will they filter?
A faucet-mounted filter costs about $28 and includes one filter cartridge. Refill filters cost about $33 for a 3-pack. The box says each filter will filter up to 100 gallons (378 liters)
A water filter pitcher costs about $22 and includes one filter cartridge. Refill filters cost about $20 for a 4-pack. The box says each filter lasts for 40 gallons or 4 months
An under-sink filter costs $130 and includes one filter cartridge. Refill filters cost about $60 each. The filter lasts for 500 gallons.
Which option is cheapest over one year (365 days)? Select an answer
Water bottles faucet-mount filter filter pitcher under-sink
filter
The cheapest option saves her $ over a year?
Give your answer to the nearest cent. Pro-rate the costs of
additional filters (so if you only use part of a filter, only count
the corresponding fraction of the filter cost).
In: Math
Janine is considering buying a water filter and a reusable water
bottle rather than buying bottled water. Will doing so save her
money?
First, determine what information you need to answer this question,
then click here to display that info (along with other info).
Which option is cheapest over one year (365 days)?
The cheapest option saves her $ over a year.
Give your answer to the nearest cent. Pro-rate the costs of
additional filters (so if you only use part of a filter, only count
the corresponding fraction of the filter cost).
In: Economics
The table below shows the weights of seven subjects before and after following a particular diet for two months. Subject / A / B / C / D / E / F / G ////////////////////////////////////////////////// Before / 165 / 151 / 196 / 175 / 179 / 172 / 191 ////////////////////////////////////////////////// After / 166 / 154 / 169 / 164 / 176 / 193 / 169 Using a 0.01 level of significance, test the claim that the diet is effective in reducing weight. Use the critical value method of hypothesis testing.
In: Statistics and Probability
Demand for walnut fudge ice cream at the Sweet Cream Dairy can be approximated by a normal distribution with a mean of 21 gallons per week and a standard deviation of 3.5 gallons per week.
The new manager desires a service level of 98 percent. Lead time is two days, and the dairy is open seven days a week. If an ROP model is used, what ROP would be consistent with the desired service level? ( Hint: Work in terms of weeks.)
In: Operations Management
Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods
The units of an item available for sale during the year were as follows:
| Jan. 1 | Inventory | 9 | units at $28 | $252 |
| July 7 | Purchase | 6 | units at $31 | 186 |
| Nov. 23 | Purchase | 14 | units at $33 | 462 |
| 29 | units | $900 | ||
There are 17 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using (a) the first-in, first-out (FIFO) method; (b) the last-in, first-out (LIFO) method; and (c) the weighted average cost method (round per unit cost to two decimal places and your final answer to the nearest whole dollar).
| a. | First-in, first-out (FIFO) | $ |
| b. | Last-in, first-out (LIFO) | $ |
| c. | Weighted average cost | $ |
Feedback
In: Accounting
Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods
The units of an item available for sale during the year were as follows:
| Jan. 1 | Inventory | 5 | units at $34 | $170 |
| Aug. 7 | Purchase | 19 | units at $35 | 665 |
| Dec. 11 | Purchase | 14 | units at $37 | 518 |
| 38 | units | $1,353 | ||
There are 19 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using (a) the first-in, first-out (FIFO) method; (b) the last-in, first-out (LIFO) method; and (c) the weighted average cost method (round per unit cost to two decimal places and your final answer to the nearest whole dollar).
| a. | First-in, first-out (FIFO) | $ |
| b. | Last-in, first-out (LIFO) | $ |
| c. | Weighted average cost | $ |
In: Accounting
Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods
The units of an item available for sale during the year were as follows:
| Jan. 1 | Inventory | 4 | units at $31 | $124 |
| Aug. 7 | Purchase | 20 | units at $33 | 660 |
| Dec. 11 | Purchase | 13 | units at $35 | 455 |
| 37 | units | $1,239 | ||
There are 17 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using (a) the first-in, first-out (FIFO) method; (b) the last-in, first-out (LIFO) method; and (c) the weighted average cost method (round per unit cost to two decimal places and your final answer to the nearest whole dollar).
| a. | First-in, first-out (FIFO) | $ |
| b. | Last-in, first-out (LIFO) | $ |
| c. | Weighted average cost | $ |
In: Accounting
Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory 6 units at $36 $216 Aug. 7 Purchase 20 units at $37 740 Dec. 11 Purchase 13 units at $38 494 39 units $1,450 There are 16 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using (a) the first-in, first-out (FIFO) method; (b) the last-in, first-out (LIFO) method; and (c) the weighted average cost method (round per unit cost to two decimal places and your final answer to the nearest whole dollar). a. First-in, first-out (FIFO) $ b. Last-in, first-out (LIFO) $ c. Weighted average cost
In: Accounting
Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods
The units of an item available for sale during the year were as follows:
| Jan. 1 | Inventory | 6 | units at $27 | $162 |
| Aug. 13 | Purchase | 15 | units at $28 | 420 |
| Nov. 30 | Purchase | 7 | units at $29 | 203 |
| Available for sale | 28 | units | $785 | |
There are 14 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using the (a) first-in, first-out (FIFO) method; (b) last-in, first-out (LIFO) method; and (c) weighted average cost method (round per-unit cost to two decimal places and your final answer to the nearest whole dollar).
| a. | First-in, first-out (FIFO) | $ |
| b. | Last-in, first-out (LIFO) | $ |
| c. | Weighted average cost |
In: Accounting