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How many orders will be placed during the year

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Reference no: EM133129113

Question - Fisk Corporation is trying to improve its inventory control system and has installed an online system at its retail stores. Fisk anticipates sales of 37,500 units per year, an ordering cost of $12 per order, and carrying costs of $1.6 per unit.

Required -

a. What is the economic ordering quantity?

b. How many orders will be placed during the year?

c. What will the average inventory be?

d. What is the total cost of inventory expected to be?

Reference no: EM133129113

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