User Account

All Pages

What would be the total ordering and carrying costs for year

Assignment Help Financial Accounting
Reference no: EM132825579

The Milling Corp. has developed a new type of widget. The local distributor expects to increase their sales by 31% over the next year due to this new development. Last year's sales were $61,000 at a selling price of $122 per unit. The manager would like to cut costs as much as possible and comes to you for advice on inventory and ordering based on the increase in sales. They also supply you with the following information. Every time they place an order they estimate the cost to be $210 and the cost of storage, insurance and etc is $16 per unit.

Problem 1. How many units should they order each time they place an order?

Problem 2. What would be their average # of units in their inventory?

Problem 3. How many orders will be made per year?

Problem 4. What would be the total ordering and carrying costs for the year?

Reference no: EM132825579

Questions Cloud

Rounding to nearest integer : Write an application that reads double values and uses the preceding statement to round each of the numbers to the nearest integer.
Solve the revenues needed to obtain an operating income : Calculate the revenues needed to obtain an operating income of $40,000. Do not enter dollar signs or commas in the input boxes. Round your answers.
How are the assumptions perpetuated at each level : How are these deep, underlying assumptions shared throughout all levels of the organization, including the executive level; division, department, and/or team.
Prepare an effective interest amortization table : Problem - Effective Interest - Amortization of bond discount - Prepare an effective interest amortization table for the bonds' first two years
What would be the total ordering and carrying costs for year : How many units should they order each time they place an order? What would be the total ordering and carrying costs for the year?
Can a unionized employee be constructively dismissed : Explain the meaning of the following statement: "An employer has constructively dismissed a non-union employee. Can a unionized employee be constructively dismi
What images come to mind when you hear the term costume : What images come to mind when you hear the term "costume"? In what ways might it be considered demeaning? Often people conflate "culture," "ethnicity,".
Corporate social responsibility : Corporate Social Responsibility: What are HR's role in creating a culture of social responsibility within the organization and the organization's community.
Find which effect of hypertonic solution on red blood cell : Find which is the effect of hypertonic solution on a red blood cell? The permeability of the cell membrane increases. / The volume of the cell increase

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd