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Daisy Gift Shop is a local gift and stationary store. It costs this store $21.63 per unit annually for storage, insurance, etc. to hold decorative vases in their inventory. Sales this year are anticipated to be 238 units. Each order costs $93. The company is using the Economic Order Quantity model in placing the orders. What is the average inventory held during the year including safety stock if the store insists on a 5 days safety stock (assume 365 days a year)? Round the answer to the whole number.
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
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