Annual demand equals 1,500 units, delivered purchase cost equals $60/unit, annual inventory carrying cost percentage equals 25% and ordering cost equals $50/order. What is the Economic Order Quantity (EOQ) in units and dollars and how many orders will need to be made in a year?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Annual demand equals 1,500 units, delivered purchase cost equals $60/unit, annual inventory carrying cost percentage equals 25% and ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The Refining Department of SweetBeet, Inc. had 79,000 tons of sugar to account for in July. Of the 79,000 tons, 49,000 tons were completed and transferred to the Boiling Department, and the remaining 30,000 tons were 50% complete.
Answers (1)
How to calculate APS?
Answers (1)
What need is influenced by an individual's personality, culture, and environment? are needs that are influenced by an individual's personality, culture, and environment, while needs are essential to human life.
Answers (1)
The owner of a soccer team and local stadium has commissioned a study that showed the demand by fans for stadium seats (per playing date) to be
Answers (1)
6. Which statement applies to all centrally-planned economies? A) the government places much emphasis on the production of consumer products. B) the government encourages workers to innovate. C) the government makes all important economic decisions.
Answers (1)
New Questions in Business
Menu costs refers to a. the distortion in incentives created by inflation when taxes do not adjust for inflation. b. resources used by people to maintain lower money holdings when inflation is high. c.
Answers (1)
Consider once again the project with the cash flows described below. Determine whether this is a simple or non - simple investment AND how many possible values of i * exist using the Accumulated Cash Flow Sign Test.
Answers (1)
Which of the following goods best fit the characteristics of a private good? a. national defense b. fire protection c. an ice-cream cone d. a professor giving a lecture in a large classroom e. disease prevention
Answers (1)
Zwick Company bought 26,500 shares of the voting common stock of Handy Corporation in January 2018. In December, Handy announced $ 205,200 net income for 2018 and declared and paid a cash dividend of $ 6 per share on all 203,000 shares of its
Answers (1)
Movie studios use market research to reduce their risk of losses by hiring firms such as the National Research Group to conduct test screenings and tracking studies.
Answers (1)