User Account

All Pages

Determine the most economical order quantity

Assignment Help Accounting Basics
Reference no: EM131997493

Question - New England Co. predicts that it will use 360,000 gallons of material during the year. The material is expected to cost $5 per gallon. It anticipates that it will cost $72 to place each order. The annual carrying cost is $4 per gallon.

a. Determine the most economical order quantity by using the EOQ formula.

b. Determine the total cost of ordering and carrying at the EOQ point.

Reference no: EM131997493

Questions Cloud

Is democracy the best form of democracy : Is Democracy the Best form of Democracy? What makes democracy the best form of government?
Is there any change in the dividend yield calculated : A stock is selling today for $80 per share. At the end of the year, it pays a dividend of $4 per share and sells for $88.
Most important democratic institution : Tocqueville argued that the freedom of the press was the most important democratic institution.
Discuss about the stock trading system : The simulation should be performed day by day (probably using for loop) but not necessary to buy or sell every day.
Determine the most economical order quantity : New England Co. predicts that it will use 360,000 gallons of material during the year. Determine the most economical order quantity by using the EOQ formula
Civil war and the ratification of the thirteenth : With the end of the Civil War and the ratification of the Thirteenth, Fourteenth, and Fifteenth Amendments, it seemed like African Americans
Compute the breakeven point in sales units : Techno Designs produces head covers for golf clubs. Compute the breakeven point in sales units. Compute the breakeven point in sales dollars
Analysis the reward-to-risk ratios of y and z : Stock Y has a beta of 1.15 and an expected return of 13.20 percent. Stock Z has a beta of .90 and an expected return of 10 percent.
What is the geometric average return for this time period : A stock had returns of 26 percent, 14 percent, 8 percent, 10 percent, -9 percent, and -5 percent over the past six years.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Create a new tab for normalization and adjustments

Create a new tab for Normalization and Adjustments in the excel file Financial Analysis

  Prepare turner journal entries

Turner, Inc. began work on a $7,000,000 contract in 2014 to construct an office building. During 2014, Turner, Inc. incurred costs of $1,700,000.

  What is the contribution margin per unit sold

If 12,500 units are produced, what is the total of fixed manufacturing cost incurred to support this level of production?

  Calculate the liquidity current ratio metrics for company

Calculate the Liquidity: Current ratio metrics for the company selected for the two most recent years and consider the trend in one of the categories.

  Compute the amount of depreciation

Compute the amount of depreciation that will be taken in the first two years of the truck's useful life if the actual miles driven are 16,000 and 18,200

  Partial bond amortization schedule for the bonds

Discount-mart issued ten thousand $1000 bonds on January 1, 2009. They have a ten-year term and pay interest semiannually. This is the partial bond amortization schedule for the bonds.

  These retroactive benefits resulted in a prior service cost

On January 1, 2010, the Baznik Company adopted a defined benefit pension plan. At that time, the company awarded retroactive benefits to certain employees.

  What is the balance of allowance for uncollectible accounts

Record the write-off to uncollectible accounts. Following the write-off, what is the balance of Allowance for Uncollectible Accounts?

  What does she need to sell

She estimates each glass of lemonade cost her $1 to prepare for sale. What does she need to sell it for in order to make $1.50 of gross profit on each glass

  Market rate for the bond-interest paid semiannually

What is the value of a Northern Pacific bond with an 11 percent coupon, maturing in 15 years? Assume the market rate for this bond is 14 percent and that the interest is paid semiannually.

  Calculate the estimated cost of each of the toppings lost

Calculate the estimated cost of each of the toppings lost in the fire. What factors could cause the estimates to be over-or understated?

  Blackburn medical supply has unearned revenue of 11000

blackburn medical supply has unearned revenue of 11000 salaries payable of 11000 and allowances for uncollectible

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