Question

Leona noticed that different purchase orders took varying amounts of time to process. Purchase orders with stock items took less time than those with custom items, and purchase orders with only one or two items took less time than those with more items. It was also noted that the first purchase order for a new vendor took longer than if it was for an existing vendor. Using the general formula Y=m(X) + b format where Y= Total time allocated, m= Variable amount of time by type of transaction, X= Type of transaction and b = Fixed cost or Y-intercept, calculate Y for the following if the purchase order is being prepared for an existing vendor with no custom items and two stock items.

New vendor= additional 6 minutes
Custom items = additional 2 minutes per item
Fixed cost for a basic purchase order = 3 minutes

Answer 1

To calculate the total time allocated for a purchase order being prepared for an existing vendor with no custom items and two stock items, we can use the given formula: Y = m(X) + b.

Step-by-step explanation:

The subject of the question is mathematics.

The grade level of this question is High School.

To calculate the total time allocated for a purchase order being prepared for an existing vendor with no custom items and two stock items, we can use the given formula: Y = m(X) + b.

Let's fill in the values:

X = type of transaction = 3 (existing vendor with no custom items and two stock items)

m = variable amount of time = 0 (since there are no custom items)

b = fixed cost = 3 minutes

Plugging these values into the formula, we get:

Y = 0(3) + 3 = 0 + 3 = 3 minutes

The total time allocated for this particular purchase order would be 3 minutes.