How many backpacks should be ordered at one time

Assignment Help Accounting Basics

Reference no: EM13825077

Problem-

You are managing a business that stocks backpacks for extreme adventure use. You have one purchasing agent who receives an annual salary of $45000. She processes 2500 purchase requests for backpacks per year. Average backpack inventory in storage is $75000 and the total cost of running the backpack portion of the warehouse is $15000. You are told that your company purchases 1000 backpacks per year at a cost of $150.00 per backpack.

Using the Economic Order Quantity formula (EOQ), how many backpacks should be ordered at one time?

Additional information-

This problem belongs to Accounting and it discuss about a scenario of a backpack stocking business. The problem discusses about finding the Economic Order Quantity for ordering at any point in time. This has been discussed in the solution with necessary calculation.

Total Word Count 200.

Reference no: EM13825077

Questions Cloud

An introduction that captures preferred learning style : A title (a cover, a heading, etc. Use what is appropriate for your presentation's medium).An introduction that captures your preferred learning style.At least 3 characteristics that define your specific learning style according to the learning invent..

Describe what the final conclusion of argument : In your own words, describe what the final conclusion of this argument is, and what the reasons supporting it are. Remember, it is not always the case that the final conclusion is explicitly written down in the passage itself.

The obedience study conducted by stanley milgram : The obedience study conducted by Stanley Milgram has become world famous. More than 1,000 people at several American universities went through replications of the study. In addition, researchers in other countries, such as Spain and the Netherlands, ..

Write a report about the journal article : Write a report about the journal article

How many backpacks should be ordered at one time : Using the Economic Order Quantity formula (EOQ), how many backpacks should be ordered at one time

Debits-credits to verify-general ledger accounts balance : The report that totals balances by debits and credits to verify that general ledger accounts balance is called the: A list of all the accounts, used by a company, showing an identifying number for each account is called: What is the correct journal e..

What is acute stress disorder (asd : What is acute stress disorder (ASD)? Give examples of at least four symptoms of both ASD and post-traumatic stress disorder (PTSD). What characterizes the stressful event and the reaction of someone experiencing post-traumatic stress disorder?

Four major categories of psychotropic medications : Describe three of the four major categories of psychotropic medications, giving a brief explanation for how each type of drug works.

Principles of an effective investigation : Write a 3500 word essay on the following topic. Critically analyse and evaluate the main principles of an effective investigation.

User Account

All Pages