Maximum number of wheel bearings

Reference no: EM13101078

Jim Overstreet, inventory control manager for Itex, receives wheel bearings from Wheel-Rite, a small producer of metal parts. Unfortunately, Wheel-Rite can only produce 500 wheel bearings per day. Itex receives 10,000 wheel bearings from Wheel-Rite each year. Since Itex operates 200 working days each year, its average daily demand for wheel bearings is 50. The ordering cost for Itex is $40 per order, and the carrying cost is 60 cents per wheel bearing per year. How many wheel bearings should Itex order from Wheel-Rite at one time? Wheel-Rite has agreed to ship the maximum number of wheel bearings that it produces each day to Itex when an order has been received.

Reference no: EM13101078

Questions Cloud

What was the initial negative charge : What was the initial negative charge on one of the spheres, and what was the initial positive charge on the other?(Hint: Use charge conservation and solve for one of the initial charges. You will end up with a quadratic equation. The solutions giv..

Explain how much was accrued wages payable on july : If wages payable at July 1st was $2,000 and wages of $20,000 were paid during July, explain how much was accrued wages payable on July 31st?

Analyze the stakeholders for the readiness to change : During the diagnosis for change period, it is important to analyze the stakeholders for their readiness to change. Using the power-interest matrix, you review the level of interest.

What is the net charge within the sphere surface : The electric field everywhere on the surface of a thin, spherical shell of radius 0.785 m is of magnitude 850 N/C and points radially toward the center of the sphere. (a) What is the net charge within the sphere's surface? Please show work.

Maximum number of wheel bearings : Wheel-Rite has agreed to ship the maximum number of wheel bearings that it produces each day to Itex when an order has been received.

Explain how much is deductible : Steve, who is single, has $100,000 of salary, $10,000 of income from a limited partnership and a $25,000 passive loss from a real estate rental activity in which he actively participates.

Determine the magnitude of electron centripetal acceleration : Suppose a single electron orbits about a nucleus containing two protons (+2e), as would be the case for a helium atom from which one of the naturally occuring electrons is removed. The radius of the orbit is 3.45 × 10-11 m. Determine the magnitude..

Corporate social responsibility in the aol time warner : corporate social responsibility in the AOL Time Warner situation? Explain it and Examine how it might have been avoided.

Maximizing long run average return : Allen Young has always been proud of his personal investment strategies and has done very well over the past several years. He invests primarily in the stock market.

User Account

All Pages