What is economic order quantity

Assignment Help Financial Management
Reference no: EM131302864

ABC Company sells 4,643 chairs a year at an average price per chair of $147. The carrying cost per unit is $16.67. The company orders 500 chairs at a time and has a fixed order cost of $47 per order. The chairs are sold out before they are restocked. What is the economic order quantity? Enter your answer rounded off to two decimal points. Do not enter comma in the answer box.

Reference no: EM131302864

Questions Cloud

Offshore outsourcing firms : Many industries have witnessed significant offshore outsourcing in the last decade. Critically discuss to what extent offshore outsourcing firms are able to leverage their experiences
What is the cross rate between the yen and dollar : You can exchange $1 for either C$1.1712 or ¥119.62. What is the cross rate between the Japanese yen and the Canadian dollar? That is, solve for ¥ per C$.
Develop a timeline of five key management theory : Based on your readings and research, develop a timeline of five key management theory/principle milestones over time.  Please address the following questions for each of the milestones you elect to include on your timeline:
Which policymakers was romer referring to : Which policymakers was Romer referring to? Briefly explain why the government's spending more and taxing less increases aggregate demand.
What is economic order quantity : ABC Company sells 4,643 chairs a year at an average price per chair of $147. The carrying cost per unit is $16.67. The company orders 500 chairs at a time and has a fixed order cost of $47 per order. The chairs are sold out before they are restocked...
Distinguishing independent contractors and employees : It is your responsibility as the HR Director of the same organization from Assignment 2 to a) create policies regarding pay and benefits for the selected job opportunity, and b) develop methods for both addressing unionization and implementing OSH..
Buhrm5912 human resource management : If HRM is to contribute to the effectiveness of organisations, it needs to be strategic, and HR strategy needs to be integrated with business strategy.
Dollar equivalent of the bolivares fuertes : You just returned from a trip to Venezuela and have 2,461 bolivares fuertes in your pocket. How many dollars will you receive when you exchange this money if the U.S. dollar equivalent of the bolivares fuertes is 0.164?
Create a pert diagram that identifies the critical path : Create a PERT diagram that identifies the critical path. Take a screenshot of the PERT chart which can later be inserted into your written paper.

Reviews

Write a Review

 

Financial Management Questions & Answers

  What is the current bond price

Great Wall Pizzeria issued 6-year bonds one year ago at a coupon rate of 6.3 percent. If the YTM on these bonds is 8.4 percent, what is the current bond price?

  Project be accepted on average accounting rate of return

An investment has an initial cost of $3.3 million. This investment will be depreciated by $900,000 a year over the three-year life of the project. Should this project be accepted based on the average accounting rate of return if the required rate is ..

  The loan has a five-year term with monthly payments

You have just purchased a car and taken out a $51,000 loan. The loan has a five-year term with monthly payments of $997.87 and an APR of 6.5%. How much will you pay in interest, and how much will you pay in principal during the first month? What is y..

  Retail sales tax has become a popular way to finance state

The retail sales tax has become a popular way to finance state, county, and city governments as well as special districts. Which of these governments is the retail sales tax the best suited for and why? Which is it least suited for and why?

  Principles of risk management and insurance

Sam, age 35, and Kathy, age 33, are married and have a son, age 1. Sam is employed as an accountant and earns $75,000 annually. Kathy is a professor of finance at a large state university and earns $150,000 annually. Sam is killed instantly in an aut..

  Accounting for bonus-vacation pay and holiday pay

The factory for the week is $200,000, consisting of $140,000 earned by 100 direct laborers and $60,000 earned by 30 indirect laborers. The total of the factory bonuses to be received at year-end is estimated at $400,000. Prepare the entry to distribu..

  What is belyks operating cash flow

During the year, Belyk Paving Co. had sales of $2,394,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,431,000, $435,600, and $490,600, respectively. In addition, the company had an interest expense of $2..

  New sports car from muscle motors

You want to buy a new sports car from Muscle Motors for $84,000. The contract is in the form of a 60-month annuity due at an APR of 7.55 percent. What will your monthly payment be?

  Provisions of the sarbanes-oxley act

Free Enterprise Fund v. Public Company Accounting Oversight Board" How does the decision in this case impact the validity of the Board and other provisions of the Sarbanes-Oxley Act?

  What conclusion do these percentage returns imply

Investor A makes a cash purchase of 100 shares of AB&C common stock for $55 a share. Investor B also buys 100 shares of AB&C but uses margin. Each holds the stock for one year, during which dividends of $5 a share are distributed. If the margin requi..

  What is the current share price

Gruber Corp. pays a constant $7.10 dividend on its stock. The company will maintain this dividend for the next 10 years and will then cease paying dividends forever. If the required return on this stock is 11 percent, what is the current share price?

  Calculate the tax disadvantage to organizing

Calculate the tax disadvantage to organizing a U.S. business today as a corporation, as a compared to a partnership, under the following conditions. Assume that all earnings will be paid out as cash dividends.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd