Vigil Company uses 32,000 units each year during the 240 days the company operates. The cost to
Question:
Vigil Company uses 32,000 units each year during the 240 days the company operates. The cost to hold one unit in inventory is $ 0.50 and the ordering cost is $ 20. What is the economic order quantity?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 83% (6 reviews)
EOQ 2 3...View the full answer
Answered By
Gilbert Chesire
I am a diligent writer who understands the writing conventions used in the industry and with the expertise to produce high quality papers at all times. I love to write plagiarism free work with which the grammar flows perfectly. I write both academics and articles with a lot of enthusiasm. I am always determined to put the interests of my customers before mine so as to build a cohesive environment where we can benefit from each other. I value all my clients and I pay them back by delivering the quality of work they yearn to get.
4.80+
14+ Reviews
49+ Question Solved
Related Book For
Introduction to Accounting An Integrated Approach
ISBN: 978-0078136603
6th edition
Authors: Penne Ainsworth, Dan Deines
Question Posted:
Students also viewed these Management Leadership questions
-
What is the economic order quantity model?
-
What is the economic order quantity and how do you control it? How does good supply chain management control the economic order quantity?
-
What is the economic order quantity for the case where the annual demand (D) is 15,000, the carrying charge (i) is 25%, the items cost is $150, and the cost of placing an order (S) is $200?
-
State whether the following statements are true or false. Also, very briefly mention the reason if the statement is false. i. TOFO Surfactants increase the surface tension of water. ii. TOFO The Mach...
-
The newborn grandson of one of the authors was 48 cm long and weighed 3 kg. According to the regression model of Exercise 3, what was his residual? What does that say about him? Exercise 3 A least...
-
Write a C language coding to calculate volume of cone, V using const keyword. Given that the value for the height, h-18.71 m, pi-3.142 and formula for volume of cone,V is: V = 1/3 *pi* radius * height
-
Water flows steadily through the 0.75-in.-diameter galvanized iron pipe system shown in Fig. P8.59 at a rate of \(0.020 \mathrm{cfs}\). Your boss suggests that friction losses in the straight pipe...
-
After-Tax Cost of Debt LL Incorporateds currently outstanding 11% coupon bonds have a yield to maturity of 8%. LL believes it could issue at per new bonds that would provide a similar yield to...
-
Outback Outfitters sells recreational equipment. One of the company's products, a small camp stove, sells for $100 per unit. Variable expenses are $70 per stove, and fixed expenses associated with...
-
To keep track of office furniture, computers, printers, and so on, the FOUNDIT Company uses the table structure shown in Table P6.5. a. Given that information, write the relational schema and draw...
-
Peek, Inc. has calculated its economic order quantity at 500 units when its annual demand is 3,125 units. The cost to place an order is $ 10 and the cost to carry one unit in inventory is $ 0.25....
-
Ward, Inc. needs 180,000 units each year to meet its production requirements. The costs incurred to place an order are $ 10 and the cost of carrying a unit in inventory is $ 2. What is the economic...
-
An airplane leaves an airport traveling 385 mi/h on a course 27.3 east of due north. Fifteen minutes later, a second plane leaves the same airport traveling 455 mi/h on a course 19.4 west of due...
-
at the end of 1 0 months , the balance of an account earning simple interest is $ 2 1 0 0 . If at the end of 1 8 months , the balance is $ 2 1 8 0 , how much was orginally in the accouint?
-
A friend has a 80% average before the final exam for a course. That score includes everything but the final, which counts for 20% of the course grade. What is the best course grade your friend can...
-
ACCOUNTING 524 - FALL 2 2023 Fortune 500 Company Financial Analysis - 50 Points PURPOSE: The financial analysis case study is designed to give each student the opportunity to research the financial...
-
1. Mr. JM Tanvir has deposited Tk 15,000 in a bank at 10% annual interest on 31st December 2017. 2. What amount will he receive on 1st January 2022 if the bank charge interest quarterly basis?
-
A customer has cargo to be shipped by air from Toronto (YYZ) to Japan (NRT). There are15 cartonsglass goblets, packed 12 per carton, in this shipment. The dimensions of each carton areL60cm xW30cm x...
-
Determine whether the series is convergent or divergent. ne n3 n=1 n + 1 +1
-
Tanaka Company's cost and production data for two recent months included the following: March April Production (units).........300................600 Rent.....................$1,800............$1,800...
-
What is a comparative rating scale?
-
Using the information from E15.21 and assuming the market rate of interest was 8 percent, make the entries for the first year of the bonds life and show how Scott would report its bond activities on...
-
Scott Corporation issued a $100,000, eight-year, 7 percent note for cash on June 1, 2019. The note pays interest semiannually and the market rate of interest was 6 percent when the note was issued....
-
What is the difference between the accounting for capital and operating leases?
-
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Submit Date March 1 March 5 March 9 March 18 March 25 March 29...
-
Wilmington Company has two manufacturing departments-Assembly and Fabrication. It considers all of its manufacturing overhead costs to be fixed costs. The first set of data that is shown below is...
-
What are the fundamental differences between preemptive and cooperative multitasking in an operating system, and in which scenarios would each be most effective ?
Study smarter with the SolutionInn App