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
How does infrastructure affect the network design decision?

Problem 1: What do you meant by the ‘Purchasing Function'? Describe some benefits accrued to a firm having an effective purchasing function? Problem 2: Purchasing Depar

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

what is the potential negative or downside to the long-term Starbucks-OHL collaboration? identify what you consider to be three major potential problems in such long term relations

compare and contrast push-based production strategies with pull-based strategies. what are the primary capabilities, advantages and disadvantages?

Question: a) Distinguish between a Venture capitalists and Internet Incubator . b) What are the components of a supply chain management? c) What is included in the develo

benefits of intergrating outbound and inbound movement of goods in company

Compare and contrast strategy formulation and strategy implementation

Question 1: A Mr Lovebook informs Library Books that he wishes to buy one book "The Great Book" by Mr Bookwriter which is due to come out on 25 April 2009 at 11.00 am at the li

Why do you think Standard Machine is in this difficult situation with what was previously a loyal customer?