Question: Fisk Corporation is trying to improve its inventory control system and has installed an online computer at its retail stores. Fisk anticipates sales of

installed an online computer at its retail stores. Fisk anticipates sales of

Fisk Corporation is trying to improve its inventory control system and has installed an online computer at its retail stores. Fisk anticipates sales of 38,400 units per year, an ordering cost of $2 per order, and carrying costs of $1.50 per unit. a. What is the economic ordering quantity? Economic ordering quantity units b. How many orders will be placed during the year? Number of orders orders c. What will the average inventory be? Average inventory units d. What is the total cost of ordering and carrying inventory? Total cost

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Given Anticipated sales per year 38400 units Ordering cost 2 per order Carrying cost 150 per unit 1 ... View full answer

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 Finance Questions!

A simple beam AB is loaded by two segments of uniform load and two horizontal forces acting at the ends of a vertical arm (see figure). Draw the shear-force and bending-moment diagrams for this beam....

Article "A Leader's Journey" by Pamela Kruger Photographs by Nigel Dickson. For this discussion, let's try and unpack the key factors that led to his transformation. 1. What are your key takeaways...

Question 4: A sample of 24 students was classified as to whether they generally did or did not attend class. At the end of the semester, each student either passed or failed; of the 15 who passed, 13...

Fisk Corporation is trying to improve its inventory control system and has installed an online computer at its retail stores. Fisk anticipates sales of 49,000 units per year, an ordering cost of $8...

Fisk Corporation is trying to improve its inventory control system and has installed an online computer at its retail stores. Fisk anticipates sales of 97,200 units per year, an ordering cost of $1...

Aging of accounts receivable L074) 11. Route Canal Shipping Company has the totlowing schedule for aging of accounts receivable: a. Fill in column (4) for each month. Age of Receivables Are 2011 9 16...

Check my workCheck My Work button is now enabled5 Item13 Item 13 2 points Fisk Corporation is trying to improve its inventory control system and has installed an online computer at its retail stores....

Need help with the attachments below \f12 2 _ b. If the rm had $1,536,000 in credit sales over the four-month period, compute the average collection period. Average daily credit poms sales should be...

Intermediate Problems 22 Aging of accounts receivable (L07-4) 11. Route Canal Shipping Company has the following schedule for aging of accounts receivable: Fill in column (4) for each month, 22 Age...

Fisk Corporation is trying to improve its inventory control system and has installed an online computer at its retail stores . Fisk anticipates sales of 75,000 units per year, an ordering cost of $8...

Bill has set his GPS to track his route. At the conclusion of his hike, the receiver indicates that he walked 3.50 mi north, 1.00 mi northeast, and 1.50 mi south. How far away is Bill from his...

Jackson Corporation sources and distributes pharmaceutical products in the United States and internationally. Its pharmaceutical distribution segment distributes brand-name and generic...

It Ingineering maks widgets. Widgets frest go through Smething and then pothough Fulsching JT han decided to do away with the polinhing step, electing to sel urpolinhed widgets to its customers. How...

A disk 7.90 cm in radius rotates at a constant rate of 1 210 rev/min about its central axis. (a) Determine its angular speed. rad/s (b) Determine the tangential speed at a point 2.96 cm from its...

When a certain drug is administered intramuscularly the concentration in the blood at time t can be approximated by the function : C(t) = 50(e-0.07-t e-0.42t) where the time t is measured in hours...

A toy company is going to issue new ID codes to its employees. Each code will have one letter followed by five digits. The digits 2 and 6 will not be used. So, there are 26 letters and 8 digits that...

Suppose that X, Y, wnd Z ure ontly dstrbuted randum yariables, that is, they are detined on the same sample space. Suppose that we also have the following. EX) -4 E(Z) --9 E(Y)-2 Var (X)-26...

For the dinner special at a restaurant, the customer must choose an appetizer, a salad, an entree, a side dish, and a dessert. Here are the items to choose from. Choice Possible items Appetizer...

Expenses paid in advance. Question 76 Select one: a. Closing entries b. Accrued Income c. Prepaid Expenses d. Insurance Expenses

Health Systems Inc. is considering a 15 percent stock dividend. The capital accounts are as follows: Common stock (6,000,000 shares at $10 par) ...... $60,000,000 Capital in excess of...

Swank Clothiers earned $640 million last year and had a 30 percent payout ratio. How much did the firm add to its retained earnings?

Dr. Robert Grossman founded Electro Cardio Systems Inc. (ECS) in 2001. The principal purpose of the firm was to engage in the research and development of heart pump devices. Although the firm did not...

Use the data in coots.dat to estimate the average egg length, along with its standard error. Be sure to plot the data appropriately.

An accounting firm is interested in estimating the error rate in a compliance audit it is conducting. The population contains 828 claims, and the firm audits an SRS of 85 of those claims. In each of...

The file measles.dat contains data consistent with that obtained in a survey of parents whose children had not been immunized for measles during a recent campaign to immunize all children between the...