Customer Service Chat
Get quote & make Payment
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 :
Ask an Expert
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
Write your message here..
Dicuss main driving and resisting force, Explain: (i) Background to or...
Explain: (i) Background to organization (one page max) (ii) Analyse the organization situation by conducting a force field analysis (a) dicuss main driving force (b
Western Pharmaceuticals A B, what should the case fill rate be for each pro...
what should the case fill rate be for each product given the current uncertainty levels and order quantities and how does the calculated aggregate case fill rate fill rate differ f
Erp, what are the difficulty in selecting erp system
what are the difficulty in selecting erp system
Sensitivity analysis, If I follow your recommended approach to managing my ...
If I follow your recommended approach to managing my farm so as to maximize my operating income next month, how much will I earn from selling the 100 hogs?” asks Igor. “How many ho
Stores and inventory, the role of inventory management in supply chain
the role of inventory management in supply chain
Annual Inventory Costs, Harley Davidson purchases components from three sup...
Harley Davidson purchases components from three suppliers. Components purchased from Supplier A are priced at $ 5 each and used at the rate of 240,000 units per year. Components pu
GREAT DIVIDE, can you explain the concept of the great divide in supply cha...
can you explain the concept of the great divide in supply chain management
Discuss three main advantages of international purchasing, QUESTION (a)...
QUESTION (a) Explain the meaning of International Purchasing and illustrate your answer with an example (b) (i) Discuss three main advantages of International Purchasing
Managing commercial relationship for the small-scale company, Question: ...
Question: What are the challenges that suppliers face when managing commercial relationship for the small-scale company? Check customers capable of adding value Check cus
Inventory management, How you can calculate EOQ and set safety level
How you can calculate EOQ and set safety level
Accounting Assignment Help
Economics Assignment Help
Finance Assignment Help
Statistics Assignment Help
Physics Assignment Help
Chemistry Assignment Help
Math Assignment Help
Biology Assignment Help
English Assignment Help
Management Assignment Help
Engineering Assignment Help
Programming Assignment Help
Computer Science Assignment Help
IT Courses and Help
Why Us ?
~24x7 hrs Support
~Quality of Work
~Time on Delivery
~Privacy of Work
Human Resource Management
Literature Review Writing Help
Follow Us |
T & C
Copyright by ExpertsMind IT Educational Pvt. Ltd.