Question: Lemon Inc. Is managing their yoga mat inventory using a EOQ system. They have identified a daily demand of 200 mats. They have identified that

Lemon Inc. Is managing their yoga mat inventory using a EOQ system. They have identified a daily demand of 200 mats. They have identified that their annual holding cost for the mats is $8000 and annual ordering cost for the mats is $10,000. The holding cost per yoga mat per year is $8 and setup cost is equal to $20. What is the average inventory turns for Lemon Incs yoga mats? You can assume 365 days per year.

A. 83 times/year

B. 73 times/year

C. 10.96 times/year

D. 9.125 times/year

THE ABOVE INFORMATION WAS ALL THAT WAS GIVEN. Please show work and highlight answer.

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!

Lemon Inc. Is managing their yoga mat inventory using a EOQ system. They have identified a daily demand of 200 mats. They have identified that their annual holding cost for the mats is $8000 and...

QUESTION 9 Lemon Inc. Is managing their yoga mat inventory using a EOQ system. They have identified a daily demand of 200 mats. They have identified that their annual holding cost for the mats is...

3 points Save Answer QUESTION 9 Lemon Inc. Is managing their yoga mat inventory using a EOQ system. They have identified a daily demand of 200. They have identified that their annual holding cost for...

AirPower Products, Inc. AirPower Products, Inc. (API) is a new entrepreneurial venture located in the San Francisco Bay Area's Livermore Valley, just west of the famous Altamont Pass wind power...

Supply Chain Management Strategy, Planning, and Operation Sixth Edition, Sunil Chopra Chapter 1 2 Managing Uncertainty in a Supply Chain: Safety Inventory CASE STUDY Managing Inventories at ALKO Inc....

Supply Chain Management Strategy, Planning, and Operation Sixth Edition, Sunil Chopra Chapter 12 Managing Uncertainty in a Supply Chain: Safety Inventory CASE STUDY Managing Inventories at ALKO Inc....

Spend analysis Stock-keeping unit (SKU) 10 Three-way match Utilization ty Images; @ monsity/ Getty Images Vendor master health care? iency? CHAPTER 17 applied, and what are the steps to fol-...

Group: PERON A+ PERSON B +PERSON C 1- Introduction 2- Literature a. Definition of operation management b. Definition of operation strategy and why it is important c. Components of operations strategy...

financial SUBDOMAINS: 325.4 COMMUNICATING EFFECTIVELY IN ORGANIZATIONS 326.1 MANAGING INTERNAL COST & CONTROLLING FINANCES 326.2 MANAGING CAPITAL & FINANCIAL ASSETS 326.4 MANAGING ENTERPRISE RISK &...

MBA 280 Fall 2017 Inventory Management Time Frame: Class 5 - Class 6 References: Operations Management Reading: Managing Inventory Simulation: Root Beer Game Played in Class 6, Oct 5th, Check Saclink...

Berczy Inc. is proposing a rights offering. Currently, there are 400,000 shares outstanding at $44 each. There will be 100,000 new shares offered at $35 each. a. What is the net market value of the...

Surf & Turf Hotels is a mature business, although it pays no cash dividends. Next years earnings are forecasted at $56 million. There are 10 million outstanding shares. The company has...

Is whut type of societies do children ohen combine foraging ploy with learning that contrbutes bo their understinding of biodiverity? Induntriallued secieties Pastorilists societies Aerioutural...

When older adults have difficulty with transportation and communication, or may be reluctant to request needed assistance to which they are entitled, they may be in need of: Group of answer choices...