Question: Fisk Corporation is trying to improve its inventory control system and has installed an online system at its retail stores. Fisk anticipates sales of 112,500

Fisk Corporation is trying to improve its inventory control system and has installed an online system at its retail stores. Fisk anticipates sales of 112,500 units per year, an ordering cost of $12 per order, and carrying costs of $1.2 per unit.

a. What is the economic ordering quantity?

Economic ordering quantity (EOQ) units

b. How many orders will be placed during the year?

Number of orders

c. What will the average inventory be?

Average inventory units

d. What is the total cost of inventory expected to be?

Total costs $

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 Finance Questions!

Read the Scenario Congratulations, you are now the Police Chief in Anytown, USA. A city with 30,000 residents and you are responsible to provide 24 hour a day police coverage. You have a total of 45...

Fisk Corporation is trying to improve its inventory controlsystem and has installed an online computer at its retail stores.Fisk anticipates sales of 98,000 units per year, an ordering costof $12 p 2...

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...

Fisk Corporation is trying to improve its inventory control system and has installed an online system at its retail stores. Fisk anticipates sales of 50,000 units per year, an ordering cost of $4 per...

please answer from a-f Fisk Corporation is trying to improve its inventory control system and has installed an online system at to retail stores Fisk anticipates of 98.000 per yec an ordering cost of...

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....

Fisk Corporation is trying to improve its inventory control system and has installed an online system at its retail stores. Fisk anticipates sales of 144,500 units per year, an ordering cost of $12...

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 $2...

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 system at its retail stores. Fisk anticipates sales of 38,400 units per year, an ordering cost of $8 per...

= 25.1 Find the conditional factor demand for factor if the firm wants to produce y units of output with the production function f(x, x) = min (0.5x1, 0.3x2). Price of output p = 39.1 and prices of...

Read the Case of Goodwill Impairment at Jackson Enterprises . After reading the case study, answer the questions provided. Financial reporting personnel at Jackson Enterprises (JE) are in the process...

When people describe me as determined or tenacious, I know they really mean that I am a truly stubborn person in context, which will be the most effective way to revise and combine sentence three and...

Petty, a general contractor, made a series of purchases from Field Lumber Company. Fields records showed a total price of $1,752.21. Petty admitted he owed $1,091.96, but denied liability for the...

Rewrite the program of Programming Exercise 1 in C++, Java, and C#, run them, and compare the results. Data from Programming Exercise 1 Run the code given in Problem 13 (in the Problem Set) on some...

In problem proceed as in Example 5 to find a solution of the given initial-value problem. x 2 y'' - 6y = ln x, y(1) = 1, y'(1) = 3

The fluid at the bottom of a container is a. under less pressure than the fluid at the top b. under the same pressure as the fluid at the top c. under more pressure than the fluid at the top d. any...

Consumer Reports magazine rated different types of refrigerators, including those with bottom freezers, those with top freezers, and those with side freezers. One of the variables they measured was...

------------------------------------- At the beginning of its first year of operations, Bonita Limited has 4,900, $3 preferred shares and 48,000 common shares. Using the format shown below, allocate...

Which of the potential advantages and disadvantages of group problem solving and decision-making do you think arise most frequently?

Are creativity and innovation really that important to all types of businesses?

What is the difference between a rule and a norm? Do norms help or hurt groups? Is it ethical to make group members comply with group norms? Can groups stop having norms?