User Account

All Pages

Determine optimal ordering frequency average inventory

Assignment Help Finance Basics
Reference no: EM131121922

Books, etc., a nationwide chain of bookstores, anticipates that annual demand for the paperback version of a best-selling novel will be 150,000 copies. The books cost the firm $2 each. Books, etc. has determined that the optimal order quantity (EOQ) is 30,000 copies. It takes 20 days between when an order is placed and when the delivery is received. Carrying costs are 15 percent of the inventory value. Determine the following:

a. Optimal ordering frequency

b. Average inventory and annual carrying costs

c. Reorder point

Books, etc. decides that it wants to maintain a 60-day safety stock of the novel to meet unexpected demand and possible shipment delays from the publisher. Determine the following:

d. Amount of safety stock, in units

e. Average inventory and annual carrying costs

f. Reorder point

Reference no: EM131121922

Questions Cloud

Find the firing angle corresponding to a torque of 35 n·m : Calculate the firing angle corresponding to a torque of 35 N·m and a speed of -1350 r/min, assuming continuous conduction. What is the quadrant of operation in the torque- speed relationship?
What do think have been major influences on these changes : What are 2-3 highlights of changes in laws about this issue/topic that are reflected in the policies of specific government agencies or reflected in court decisions? Describe each of these briefly.
Outline brief personnel policy : Outline a brief personnel policy that an organization could adopt to protect itself from sexual harassment lawsuits. What should the policy include? Is there anything the policy doesn’t need to have that other sexual harassment policies might contain..
What is the most important output of the accounting cycle : What is the most important output of the accounting cycle?
Determine optimal ordering frequency average inventory : Carrying costs are 15 percent of the inventory value. Determine the following: a. Optimal ordering frequency b. Average inventory and annual carrying costs c. Reorder point
What is the difference between adjusting entries : What is the difference between adjusting entries and closing entries?
About the true of authority : Which of the following is true of authority?
Discuss victim programs based in the restorative justice : Provide your recommendations to the chief in this report, and conclude with your own thoughts about how a program using one or more alternative forms of dispute resolution where juvenile offenders are concerned could have positive outcomes in term..
Why are closing entries required at the end of an accounting : Why are closing entries required at the end of an accounting period?

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd