eoq model, Supply Chain Management

#question Tom Rich and Joe Miser have an e-checking/savings account at the eKU bank. Both Tom and Joe had $5000 in their account at the start of the calendar year 2013. Both have projected cash usage of $50 per week at a constant rate. eKU bank charges a $0.75 ATM withdrawal fee for every ATM transaction, which is billed to the account at the end of the calendar year. The account also earns a 6% APY which is based on the average annual balance, and deposited in the account at the end of the year. For the purpose of simplifying your calculations, assume 50 weeks per year and no additional deposit to this account during 2013.

(a) Tom has a fat wallet and hence withdraws $500 whenever he runs out of cash, while Joe withdraws cash every Monday on his way to the student union. Who will have a higher account balance at the end of calendar year 2013?
Posted Date: 3/10/2013 7:06:57 PM | Location :







Related Discussions:- eoq model, Assignment Help, Ask Question on eoq model, Get Answer, Expert's Help, eoq model Discussions

Write discussion on eoq model
Your posts are moderated
Related Questions
Develop purchasing systems for standard and non-standard items Explain the organizational structure and possible organizational configurations Describe how the efficiency of

Question 1 Corporate Banking represents the wide range of banking and financial services provided to domestic and international operations of large local corporates and local oper

FACEBOOK VALUE CHAIN AND THE EVALUATION BASED ON THE PRIMARY ACTIVITIES AND SECONDARY ACTIVITIES

Question 1 Describe the important inventory management techniques that are used in business Question 2 Discuss the seven steps that comprise a process to develop and deploy s

what do we mean by overall supply chain profitability?

The business section of the International Herald Tribune carried a story with the headline "Hark! The Herald Angels Sing of Teleconference," (Peter H. Lewis, New York Times Service

WHAT IS THE DIFFERENCE BETWEEN SUPPLY CHAIN AND VALUE CHAIN

Definition - Inspection, Test and Measurement in Quality Inspection can be defined as the formal evaluation exercise which studies the  characteristics  of  the  product  to

What is Supply Chain Management? Analyse the key issues of Supply Chain Management Supply Chain Management - meaning - Key issues in supply chain management a. Configuratio

can you explain the concept of the great divide in supply chain management