Question: 2 Demand for an item is 4 , 2 0 0 units per year. Each order placed costs $ 2 0 ; the annual cost

2
Demand for an item is 4,200 units per year. Each order placed costs $20; the annual cost to carry items in inventory is $8 each. In what quantities should the item be ordered?
Note: Round your answer to the nearest whole number.
4
Optimal order quantity
units
points

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

8.8. The daily demand for an item is distributed normally, with a mean of 5 and a variance of 2. The cost to place an order is $10, and the carrying charge per day is estimated at 10 percent of the...

Q:

Demand for an item is 1 , 0 0 0 units per year. Each order placed costs $ 1 0 ; the annual cost to carry items in inventory is $ 2 each . What is the total annual inventory cost ( not including...

Q:

Demand for a unit is 1000 units per year. Each order placed costs $10; the annual cost to carry items inventory is $2 each. In what quantities should the item be ordered?

Q:

Demand for an item is 1.000 units per year. Each order placed costs $10; the annual cost to carry items in inventory is $2 each. In what quantities should the item be ordered?

Q:

emand for an item is 3 , 1 0 0 units per year. Each order placed costs $ 1 5 ; the annual cost to carry items in inventory is $ 6 each. In what quantities should the item be ordered? Note: Round your...

Q:

emand for an item is 1 , 0 0 0 units per year. Each order placed costs $ 1 0 ; the annual cost to carry ite inventory is $ 2 each. In what quantities should the item be ordered? \ table [ [ Dptimal...

Q:

emand for an item is 1 , 0 0 0 units per year. Each order placed costs $ 1 0 ; the annual cost to carry ite inventory is $ 2 each. In what quantities should the item be ordered? \ table [ [ Dptimal...

Q:

emand for an item is 1 , 0 0 0 units per year. Each order placed costs $ 1 0 ; the annual cost to carry ite inventory is $ 2 each. In what quantities should the item be ordered? \ table [ [ Dptimal...

Q:

Wemand foc an item is 21584 units per year. Each order placed costs $53. The ambual carrying cost percentage per item in iaventory is 18% each. The variable purchase cont is $2.50 pe abit if less...

Q:

XYZ Corporation always thinks through the economic order quantity (EOQ) model for sourcing inputs. For a certain item, the company wants to select only one of its two alternate suppliers. Demand for...

Q:

Let f, g: R2 R be differentiable and satisfy the Cauchy-Riemann equations; that is, that hold on R2. u(r, 0) = f(r cos θ, r sin θ) and v(r, θ) = g(r cos...

Q:

Perfect capital mobility with fixed exchange rates forces monetary policy to be accommodative; in effect, fiscal policy gains control of monetary policy. Explain.

Q:

\ table [ [ Requirement , General Journal,General Ledger,Trial Balance,Income Statement,Statement of Stockholders Equity,Balance Sheet,Analysis ] , [ \ table [ [ General Journal tab - Prepare all...

Q:

Assume it is Monday, May 1, the first business day of the month, and you have just been hired as the accountant for Colo Company, which operates with monthly accounting periods. All of the companys...