What is the average cost to hold this item in inventory

Assignment Help Business Management
Reference no: EM132366526

A company's holding cost is 20% per year. Its annual inventory turns are 4.5. The company buys an item for $70. What is the average cost ($s), to hold this item in inventory? (The accuracy should be of two digits after the decimal places.)

Reference no: EM132366526

Questions Cloud

Explain implication of job analysis in personnel selection : Post an explanation of one implication of job analysis in personnel selection from a human resources perspective. Then, explain one implication of job analysis.
Briefly explain risk assessment and risk finance : HSA 4502-Define and briefly explain Risk Assessment, Risk Finance, and Risk Control abilities. What does the National Quality Forum pursuit?
How many skiers are riding on the lift at any one time : The ride from the bottom to the top takes 8 minutes. How many skiers are riding on the lift at any one time?
Create business plan based on existing business : Create a business plan based on an existing business, create a business plan for an Independent Living facility in Atlanta,
What is the average cost to hold this item in inventory : What is the average cost ($s), to hold this item in inventory? (The accuracy should be of two digits after the decimal places.)
Days-of-supply of inventory on average : The business owner keeps only 5.6 days-of-supply of inventory on average, how much inventory does him have on average (in $)?
Discuss the pros and cons of using motivational theory : Provide an example of how 1 of the 4 motivational theories is used in a real-life situation. Discuss the pros and cons of using this particular motivational.
What are disney most important strategic resources : What are Disney's most important strategic resources (if any)? Be clear about the criteria you rely on to assess potential valuable resources and capabilities.
What factors do you think influence employee job : What factors do you think influence employee job satisfaction? Compare and contrast these factors to those most important to you.

Reviews

Write a Review

Business Management Questions & Answers

  Security awareness for non-security personnel

Discuss the importance of security awareness for non-security personnel. (Criminal justice security management)

  Discuss the things an international manager

Discuss the things an international manager would need to do to overcome this problem, providing suggestions on how best to deal with this difficult issue.

  Emphasis on some of the security

With an emphasis on some of the security, ethical, and societal challenges of IT in the business world. Please discuss a real-world example

  Innovation and entrepreneurship related

1. How are creativity, innovation and entrepreneurship related?

  Find the median amount of time you would have

Given that 3 emails come into your account per minute, what is the probability you have to wait 5 minutes or longer for the 10th email to appear?

  Terms of cultural diversity

Are there specific guidelines they should follow in terms of cultural diversity? If so, what would those be?

  Working in restaurant how do the leaders approach their team

Working in restaurant how do the leaders approach their teams? Is there a unified approach, or does each leader have a different approach?

  Prepare a medical records policy

Develop a Medical Records Policy - Help in developing a medical record policy. How do you go about gathering the following information?

  List the 3 ways to identify an opportunity

List the 3 ways to identify an Opportunity? Name 3 techniques for generating ideas?

  Happened in the corn and soybean-meal markets

a. Use demand and supply analysis to illustrate the changes in chicken prices described in the above article. b. Describe what has happened in the corn and soybean-meal markets and how that has influenced the chicken market.

  What business events are encountered by a merchandising firm

How do the business events for a service firm differ from those of a merchandising firm? How are they similar for the two firms?

  Hotel performance indicators

How are performance indicators linked to an organization's strategic plans, and how can be used? Please give examples which relate to the hospitality industry, in particular Hotels.

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