Problem 11-5 am e n two days o you can s ound carrier o S220 and the diamonds wi

Question

Problem 11-5 am e n two days o you can s ound carrier o S220 and the diamonds will ar ve in S?days. You You are shipping 260 diamonds to a customer located 2 000 m es away. The a era e va e o each dan ond s $ 500 You can shp v ar for $460 and he diamonds w figure your inventcry carrying cost ie 24 percent. Your customer will immediately transfer funds to your bank aocount on receipt of the shipment. p v a spec aby What is your total cost if you use the ground carrier and the air carrier? (Use 385 days in a year. Do not round intermediate calculations. Round your answers to 2 decimal places Total coat using air carrir Total cost using ground camer

Explanation / Answer

Air = ((2/365) * 250*$1,500 * 24%) + $450 = $943.15

Ground = ((6/365) *250*$1,500*24%) + $220 = $1,699.45

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