+1-415-670-9189
info@expertsmind.com
What is plumbing supplies total annual inventory cost
Course:- Business Economics
Reference No.:- EM13795691




Assignment Help
Assignment Help >> Business Economics

Given the following data, solve for the Economic Order Quantity time requested beow:

Data:

PLumbing Supplies Inc. sells 2,500 bathroom sinks per month

Plumbing Supplies Inc. purchases 5,000 bathroom sinks per order

Lead time to receive an order 12 days.

Cost to place an order is $30

Annual cost to hold one sink in inventory is $5.75

Question: Under its present policy of purchasing 5,000 sinks per order, what is Plumbing Supplies total annual inventory cost?

Calculate the Economic Order Quantity for Plumbing Supplies Inc.




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Business Economics) Materials
You use money just about every day. What is money and what functions does it perform? How is the supply of money measured? Who influences how much liquidity is created or redu
Derive an expression for average cost. Derive an expression for marginal costs. Is there any range of production characterized by scale of economies? At what production level
The community of Upper Snowshoe has expanded its winter tourism very rapidly. Three years ago, it built a new 16,000 kW power plant for $4,500,000. The local construction cost
Discuss stress and how it varies across cultures. How do legal, cultural, and economic factors influence product policy? Why are brand names an important marketing tool for in
Name at least one reason why an insurance company might set a deductible. Explain when can forcing everybody to buy full insurance at market rates help everybody?
Which of the following is NOT an argument offered by the text as an argument against population and birth control?Fertility reduction is not worth the medical risks of using t
Assume that the following asset values (in millions of dollars) exist in Ironmania: Federal Reserve Notes in circulation = $700; Money market mutual funds (MMMFs) held by indi
List five oligopoly industries/firms whose products you own or regularly purchase. What distinguishes oligopoly from monopolistic competition? Under what conditions might an o