A creditor is someone that gives or provides credit to a person or to a company. This someone an either be a person, a bank or a supplier in which they want to owe someone their money. This someone is called the creditor. The amounts or the money owed to the creditor are recorded in a company's balance sheet. When the time came for the creditor to pay the amount, then that will be the payment creditor.
Answer:
V = l x w x h.
Explanation:
Understand the volume of a rectangle equals it's length x width x height. If your box is a rectangular prism or a cube, the only information you need is the box's length, width, and height. You can then multiply them together to get volume.
Answer:
The appropriate solution is:
(a) 2828 cases each time
(b) $4005656.85
(c) $3609800
Explanation:
The given values are:
Annual demand,
D = 200,000 cases
Per case cost,
C = $20
Carrying host,
H = 
= $
Ordering cost,
S = $40
(a)
The economic order quantity will be:
⇒ 
On substituting the values, we get
![=\sqrt{[\frac{(2\times 200000\times 40)}{2} ]}](https://tex.z-dn.net/?f=%3D%5Csqrt%7B%5B%5Cfrac%7B%282%5Ctimes%20200000%5Ctimes%2040%29%7D%7B2%7D%20%5D%7D)


(b)
According to the question,
The annual ordering cost will be:
= 
= 
=
($)
The annual carrying cost will be:
= 
= 
=
($)
The annual purchase cost will be:
= 
= 
=
($)
Now,
The total inventory cost will be:
= 
=
($)
(c)
According to the question,
Order quantity,
Q = 10000 cases
Per case cost,
C = $18
Carrying cost,
H = 
= 
The annual ordering cost will be:
= 
= 
=
($)
The annual carrying cost will be:
= 
= 
=
($)
The annual purchase cost will be:
= 
= 
= 
Now,
The total cost of inventory will be:
= 
=
($)