A book store is attempting to determine the EOQ for a p opular b o ok....
A book store is attempting to determine the EOQ
for
a
p opular
b o ok.
The
store
sells
8000
copies
of
this
b o ok
p er
year.
The
store
gures
that
it
costs
$40
to
pro cess
each
new
order
for
b o oks.
The
carrying
cost
(due
primarily
to
interest
payments)
is
$2
p er
b o ok
,
to
b e
gured
on
the
average
inventory
during
a
year.
How
many
times
a
year
should
orders
b e
placed?
How
many
copies
of
the
b o ok
will
come
in
very
order?
What
is
the
minimum
inventory
cost
achieved?
Explain
VERY
WELL
why
these
are
the
solutions
requested.
Show
your work.
Homework Answers
EOQ = √2 Annual Demand x Ordering Cost / Carrying Cost per unit.
= √(2 x 8000 x 40) / 2
=√(640000) / 2
=566 units
Number of times orders will be placed during the year = Annual Demand / EOQ
= 8000/ 566
= 14 or 15 Times
How many copies of the book will come in every order = 566
What is the minimum inventory cost achieved = 566x 2 x 1/2 (On average inventory during a year)
= $ 566
Add Answer to:
A book store is attempting to determine the EOQ
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Chod Co. uses an EOQ model to determine its purchase quantities for the year. The following infor...
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The RALS has grown...
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PLEASE !!!)
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Chod Co. uses an EOQ model to determine its purchase quantities for the year. The following information is available: annual demand 25,000 units of material; cost of placing an order $50; cost of carrying the material in inventory $10 per unit. The material costs $100 per unit. Reference: Ref. 15-9 What is the total annual cost of the inventory policy (round to nearest whole number)? O A. $5,320 O B. $ 8,790 O C.$ 5,000 O D. $17.955
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pt 2 for reference
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Please answer all parts of
question number 3 and type them and bold or underline the correct
answers
Baker Mfg Inc. wishes to compare its inventory turnover to those
of industry leaders, who have turnover of about
1313
times per year and
88 %
of their assets invested in inventory.
Baker Mfg. Inc.
Net Revenue
$27 comma 50027,500
Cost of sales
$19 comma 41019,410
Inventory
$1 comma 2901,290
Total assets
$17 comma 82017,820
a) What is Baker's inventory turnover?...
study:
Prior to the establishment of Globex, founding business B T
& Sons Farming Equipment established the annual Riverina
Agriculture and Lifestyle Show (RALS) in the year 2000. The RALS is
a 3-day event held in November each year and showcases farmers,
local business, agricultural equipment suppliers and lifestyle
products. The management of the RALS requires the coordination of
show stands, demonstrations, live displays, catering, and
volunteers, and was originally undertaken by B T & Sons.
The RALS has grown...
I need Summary of this Paper i dont need long summary i need
What methodology they used , what is the purpose of this paper and
some conclusions and contributes of this paper. I need this for my
Finishing Project so i need this ASAP please ( IN 1-2-3 HOURS
PLEASE !!!)
Budgetary Policy and Economic Growth Errol D'Souza The share of capital expenditures in government expenditures has been slipping and the tax reforms have not yet improved the income...
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