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quester [9]
3 years ago
5

Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operat

ion.​ Thomas's fastest-moving inventory item has a demand of 5 comma 750 units per year. The cost of each unit is ​$96 ​, and the inventory carrying cost is ​$9 per unit per year. The average ordering cost is ​$31 per order. It takes about 5 days for an order to​ arrive, and the demand for 1 week is 115 units.​ (This is a corporate​ operation, and there are 250 working days per​ year). ​a) What is the​ EOQ? nothing units ​(round your response to two decimal​ places).
Business
1 answer:
11111nata11111 [884]3 years ago
3 0

Answer:

199.02 units

Explanation:

The computation of the economic order quantity is shown below:

Data provided in the question

Annual demand per year = 5,750 units

The Cost of each units = $96

The inventory carrying cost per unit per year = $9

The average ordering cost per order = $31

So, economic order quantity is

= \sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}

= \sqrt{\frac{2\times \text{5,750}\times \text{\$31}}{\text{\$9}}}

= 199.02 units

Hence, the economic order quantity is 199.02 units

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The northern vision of the Reconstruction-era southern economy included all of the following EXCEPT:
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Answer:

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Explanation:

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Explanation:

The computation is given below:

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Elden [556K]
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Answer:

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Note: The full question is attached as below

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                             To Service revenue                $9,000

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