Assignment:
A growing online retailer sells thousands of SKUs yet has has one specialty product category with just 30 SKUs. They want to classify these thirty items according to the annual dollar volume (revenue) generated by each SKU. The table below lists each item number (SKU), Annual Sales (in units), and Price:
|
SKU
|
Annual Sales
|
Price
|
|
514723
|
92
|
$ 3.28
|
|
516630
|
444
|
$ 46.99
|
|
517125
|
352
|
$ 9.68
|
|
523518
|
410
|
$ 148.07
|
|
526985
|
229
|
$ 32.98
|
|
531716
|
409
|
$ 180.68
|
|
532954
|
1,376
|
$ 93.67
|
|
533611
|
1,024
|
$ 7.77
|
|
535180
|
1,783
|
$ 22.49
|
|
538403
|
1,916
|
$ 7.29
|
|
541321
|
2,705
|
$ 8.17
|
|
551054
|
799
|
$ 9.17
|
|
551589
|
2,289
|
$ 5.59
|
|
553762
|
1,720
|
$ 57.07
|
|
554657
|
1,921
|
$ 23.49
|
|
556278
|
7,613
|
$ 5.79
|
|
556731
|
12,459
|
$ 103.78
|
|
558685
|
8,174
|
$ 84.68
|
|
561619
|
3,766
|
$ 69.57
|
|
564393
|
4,942
|
$ 26.59
|
|
566053
|
17,413
|
$ 43.97
|
|
566679
|
17,970
|
$ 5.29
|
|
567067
|
14,907
|
$ 3.78
|
|
567643
|
2,808
|
$ 8.88
|
|
568990
|
8,711
|
$ 9.48
|
|
569412
|
10,451
|
$ 154.78
|
|
571818
|
11,708
|
$ 3.98
|
|
573473
|
10,046
|
$ 8.08
|
|
588095
|
23,377
|
$ 6.67
|
|
510208
|
22,434
|
$ 77.39
|
Which item in the table above has the highest annual dollar volume?
561619
556731
569412
510208
In the answer field below, write the number that corresponds to your answer. Do not put a period after the number.
- What is the annual dollar volume for the item you selected in the previous question? (Display your answer to the nearest whole number.)
- Suppose that the "A" items constitute up to 80 percent of the annual dollar volume of all the parts in the list. How many "A" items should there be?
- Suppose the "B" items are for the next 15 percent of annual dollar volume and that the "C" items are for the remaining 5 percent of annual dollar volume. How many "C" items should there be?
Your answer must be typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.