How many hammers should be ordered at one time

Assignment Help Financial Accounting
Reference no: EM132952373

You are managing a company that stocks and distributes hardware. The company employs two purchasing agents who receive combined salaries of $92,000. They process six thousand purchase requests per year. Average inventory in storage is $579,000, and the total cost of running the warehouse is $224,000. You are told that the company purchases five thousand hammers per year at a cost of $4.8 per hammer.

Problem 1: Using the EOQ formula, how many hammers should be ordered at one time?

Reference no: EM132952373

Questions Cloud

Why utilization of resources in a high-contact service : What are two distinct reasons why utilization of resources in a high-contact service, e.g., healthcare, is likely to be lower than in continuous manufacturing,
What is an emergency fund : How could developing a personal budget help you obtain the money needed to fund your investment program?
What is the total cost of the loan if takes twelve months : Minnie borrowed $5,000 from her mother. She agrees to repay the loan by paying $100. What is total cost of the loan if she takes 12 months to repay her mother?
Find the total number of houses in the estate : Find the total number of houses in the estate. GEOM Properties recently released their new housing estate planof 18 rows. It has 35 houses in the first row
How many hammers should be ordered at one time : You are managing a company that stocks and distributes hardware. Using the EOQ formula, how many hammers should be ordered at one time?
How do compute the average number of collection days : How do Compute the average number of collection days. (Do not round intermediate calculations, round your answer to two decimal places, i.e. 12.34)
SEC 402 Cyber Security Assignment : SEC 402 Cyber Security Assignment Help and Solution - Developing the Corporate Strategy for Information Security, Strayer University, USA - Homework Help
How much additional interest would earn for the year : Jane James owns an appliance store. If she delayed payment by the ten days, how much additional interest would she earn for the year?
Difference between code of ethics and code of conduct : What the difference between code of ethics and code of conduct

Reviews

Write a Review

Financial Accounting Questions & Answers

  Find the amount of cash dividends

Find the amount of cash dividends to be distributed to the ordinary shareholders and the total stockholders' equity at December 31, 2026

  Variable or fixed with respect to number of units produced

.Enter the dollar amount of each cost item under the appropriate headings. Note that each cost item is classified in two ways: first, as variable or fixed with respect to the number of units produced and sold; and second, as a selling and administrat..

  Discuss the crisis of fair value accounting

Topic: Laux and Leuz (2009) discuss the crisis of fair value accounting following recent international financial turmoils

  Describe and provide an example of an opportunity cost

Describe and provide an example of an opportunity cost. What are examples of opportunity costs that would be associated with production facilities if the manager had to make a decision on outsourcing?

  How side of the company trial balance would be unbalance by

How side of the Company trial balance would be unbalance by? David, the ABC Sdn Bhd accountant, accidentally records the Company sales as RM100,000.

  What is this? firm after-tax? wacc

Pfd Company has debt with a yield to maturity of 7.4 % a cost of equity of 12.8 % and a cost of preferred stock of 9.7 %. The market values of its? debt

  Prepare the journal entry

Scarecrow, Inc., issues 50,000 shares of $2 par value common stock.

  Prepare necessary properly formatted general journal entery

Prepare the necessary properly formatted general journal entries to record the transactions as shown above. You should allow for GST

  What must be the minimum acceptable lease payment

You can re-negotiate the lease at the end of 10 years or rent it to another client. At a discounting rate of 12%, what must be minimum acceptable lease payment

  Find how much will reed need to have accumulated

Find how much will Reed need to have accumulated on the day that he retires to adequately provide for his retirement lifestyle?

  What is the cost principle

What is the cost principle and what happens if an asset like land has an increase in the fair value. How would the company report the land?

  What difference between a cetes and other similar debt

What difference between a Cetes and other similar debt instruments is as follows? Which All are issuers of financial assets in a Financial System, except?

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