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Actual price of postage today is 46 cents for the first ounce and 20 cents for each additional ounce.
1: Construct a linear model which can be used to estimate cost of postage.
2: Use your model to estimate the postage of a package which weighs 250 grams.
3: If you are willing to spend no more than $3.00 on postage for a package, what is the most a package can weigh that you could send on budget? Please show steps.
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Sorenson Inc. has sales of $4,056,000, a gross profit margin of 38.55 percent, and inventory of $1,139,000. What are the company's inventory turnover ratio and days' sales i
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