Find determine the optimal order quantity

Assignment Help Financial Accounting
Reference no: EM132696600

A mail-order house uses 16,190 boxes a year. Carrying costs are 60 cents per box a year, and ordering costs are $96. The following price schedule applies.

Number of Boxes. Price per Box

1,000 to 1,999 $1.25
2,000 to 4,999 1.20
5,000 to 9,999 1.15
10,000 or more 1.10

Problem 1: Determine the optimal order quantity. (Round your answer to the nearest whole number.)

Problem 2: Determine the number of orders per year.

Reference no: EM132696600

Questions Cloud

How must friendly corp report the contribution : How must Friendly Corp. report the contribution in its financial statements at the end of each reporting period and as of the inception of the agreement?
What type of hr analytics useful for work force planning : The case of Google sets a good example to the best talent culture as the world's leading Internet company hires exceptionally talented people and retains them.
How do find what the cost is : What the cost is, When the seller pays shipping costs to have goods delivered to customers? included in operating expense./ added to inventory
What role do theorists you chose play in shaping advocacy : How does social cognitive theories and changing a behavior reflect on individual characteristics, environmental factors, and reciprocal determinism?
Find determine the optimal order quantity : A mail-order house uses 16,190 boxes a year. Determine the optimal order quantity. (Round your answer to the nearest whole number.)
Define how do you identify the presenting problem for sarah : Sarah Tay, a 35-year-old widow of two young children, had been working from home since her organization heeded the government's directive for remote working.
What is total dollar profit or loss and percent return : You sold it today at $33.36. What is your total dollar profit/loss and percent return (break it down into return on dividend, return on stock, and total)?
How hrm can help with some of the emerging challenges : How do you think HRM can help with some of the emerging challenges outlined in New Zealand ?Give your own opinion. So What you need to find first of all.
Compute how much would be willing to pay : Assume that you expect to sell the stock for $140 a year from now. If you require 10% on this stock, how much would you be willing to pay for it?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Estimate entries for sale of fixed asset

Equipment acquired on January 5, 2009, at a cost of $380,000, has an estimated useful life of 16 years, has an estimated residual value of $40,000, and is depreciated by the straight-line method.

  Explain the concept of closing process by drawing analogies

Explain the concept of closing process by drawing analogies between a scoreboard for an athletic event and the revenue and expenses account of a business.

  What is risk of material misstatement

What is risk of material misstatement? What is the Specific audit procedure that you should take?

  The statement of cash flows

The statement of cash flows:

  Residual value in depreciation formula-bank reconciliation

The bank collected a note receivable of $1,000. How would this information be included on the bank reconciliation? Which of the following depreciation methods does NOT use a residual value in the depreciation formula? Which of the following requires ..

  What forward transaction does need to engage

If this FI hedges this foreign exchange risk using forward contract, what forward transaction does it need to engage (e.g., sell or buy pounds)

  How to construct journal entry to record issuance of bond

Vevo Company retires half of the bonds at a cost of RM1,065,000 plus accrued interest. Prepare the journal entry to record this retirement.

  Question evaluate net income from equity analysis preparing

question evaluate net income from equity analysis preparing a balance sheet and evaluating the debt ratiothe accounting

  Calculate worthigton gross pay payroll deductions

Calculate Worthigton's gross pay, payroll deductions and net pay for the full year 2012. Round all amounts to the nearest dollar

  Determine breakeven total volume of sales

Determine breakeven total volume of sales and sales volume for each product. - Determine sales volume and sales revenue for the company to earn Br500,000 profit after 30% profit tax.

  Date of consolidation

During the year, P sold goods to S for $85,800 at a mark-up of 25% on cost. 30% of these goods are still on hand at the date of consolidation.

  What is the total of the debit side of the unadjusted trial

What is the total of the debit side of the unadjusted trial balance? Consider the following information from a company's unadjusted trial balance

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!

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