How many placements of order per year

Assignment Help Financial Accounting
Reference no: EM132645684

The sales of Vintage company is 80,000 units per year. The percentage of storage is 20 percent of inventory value. The purchase price is RM20 per unit and the ordering cost of each order is RM1,000. Lead time is 2 weeks.

Assume that there are 52 weeks in your calculation.

Calculate:

Question (a) EOQ

Question (b) Total Carrying Cost

Question (c) Total Ordering Cost

Question (d) Total Inventory Cost

Question  (e) Reorder point

Question (f) How many placements of order per year?

Reference no: EM132645684

Questions Cloud

What are the payoffs at the final nodes of the tree : A stock price is currently $36. During each three-month period for the next six months it is expected to increase by 9% or decrease by 8%.
What is favorite protocol : What is your favorite protocol? What port does it use? Does it use TCP or UDP? Are there any sibling/parent protocols for it?
Calculate the price of bond using the three percent market : A RM1,000 bond matures in 10 years has a coupon rate of 8 percent. Calculate the price of this bond using the 3 percent market rate of interest
What is the value of the share : ZET Co. has just paid a dividend of 0.07$ or 7% per share. An investment analyst estimates that the growth in dividends will be the equivalent of 4% per year
How many placements of order per year : How many placements of order per year? The purchase price is RM20 per unit and the ordering cost of each order is RM1,000. Lead time is 2 weeks.
Define nonsystematic risk : Define nonsystematic risk and explain why you agree or disagree with Wilson's remark
What is the benefits of a diversified corporate bond : What is the importance and benefits of a diversified corporate bond portfolio during COVID-19. Explain in detail. Provide the suitable example.
Installing and running anti-malware software : Create a malware protection procedure guide that includes steps for installing and running anti-malware software.
Which capital investments to make : Pertaining to Capital expenditures - How does a company go about deciding which capital investments to make and which ones to pass on?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Prepare consolidation elimination journal entries for year

At 1 July 2016, all assets of Silver Ltd were fairly valued, Prepare the consolidation elimination journal entries for the year ending 30 June 2019

  What uses the effective interest rate method

What uses the effective interest rate method, the journal entry necessary to recognize interest expense on the December 31, Year 1 is

  Determine the number of common shares outstanding

At the beginning of 2014, Hardin Company had 220,000 shares of $10 par common stock outstanding. During the year, Determine the weighted average number of shares outstanding for computing the current earnings per share. Determine the number of common..

  What is the number of common shares outstanding at december

On September 30, 2019 the company repurchased 500,000 shares of common stock. What is the number of common shares outstanding at December 31, 2019?

  How is responsibility for it risk coverage for companies

How is responsibility for IT risk coverage for companies in the IT industry defined? Is it adequate? How does this definition address or fail to address current

  Howell corporation produces an executive jet for which it

howell corporation produces an executive jet for which it currently manufactures a fuel valve the cost of the valve is

  Manual practice set refer to the feedback sheet attached to

refer to the feedback sheet attached to see where marks could be lost. you are not required to complete the

  Determine tag-it can hit target increase in sales next year

Determine whether you think Tag-It can hit the target of a 10% increase in sales next year. Tag-It's CEO has predicted a 10% increase in total revenue next year

  Product x-47 is one of joint products in a joint

product x-47 is one of joint products in a joint manufacturing process. management is studying whether to sell x-47 at

  Business Report topic - Accounting for finance leases

BO1COAC318 Corporate Accounting Assignment - Business Report, Kent Institute Australia. Accounting for finance leases by manufacturer or dealer lessors

  Statements concerning an incremental budget

Which of the following statements concerning an incremental budget is true?

  Satisfaction of the debt

Ned filed for bankruptcy and notified Monty that he would be unable to pay the balance on the loan. Monty treated the $15,300 as a nonbusiness bad debt. Last year, Monty had capital gains of $6,120 and taxable income of $47,250. During the current ye..

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