Annual holding cost but the average cost

Assignment Help Operation Management
Reference no: EM13783553

A company’s holding cost is 2% per month. Its annual inventory turns are 7. The company buys an item for $120. What is the average cost ($s), to hold this item in inventory (NOT annual holding cost but the average cost of each individual item on average)?

Reference no: EM13783553

Questions Cloud

Individual development plan : Complete the self-quiz below. Develop a baseline IDP by selecting your top three development areas (your lowest scoring items) . . Self Quiz: What are your Career Prospects?
What is the capitalized cost of the bridge : A newly constructed bridge costs $15,000,000. The same bridge is estimated to need renovation every 15 years at a cost of $3,000,000. Annual repairs and maintenance are estimated to be $1,000,000 per year. (a) If the interest rate is 5%, determine th..
Explain conflict from social or psychological perspective : Explain conflict from the Social/Psychological perspective. What are its causes and effects? Evaluate the theory strengths and weaknesses as you see them: Social/Psychological perspective
Marketing of health care products and services : How and why is pricing critically important to the marketing of health care products and services? What factors play a role in the pricing decision?
Annual holding cost but the average cost : A company’s holding cost is 2% per month. Its annual inventory turns are 7. The company buys an item for $120. What is the average cost ($s), to hold this item in inventory (NOT annual holding cost but the average cost of each individual item on aver..
The long-run and short-run labor demand curves : 1.)  Demonstrate in a graph that if the production technology is of the fixed proportion type (i.e., L-shaped isoquants), an increase in the wage rate will cause only a scale effect on labor demand and no substitution effect. Will there be any differ..
Hr policy research paper instructions : Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 ..
Challenges faced by front-line employees : Explain each of the following statements as they apply to modern quality management.
Development and maintenance of maladaptive behavior : The dynamics and change that characterize coping as a process are not random; they are a function of continuous appraisals and reappraisals of the shifting person-environment relationship. Shifts may be the result of coping efforts directed at cha..

Reviews

Write a Review

Operation Management Questions & Answers

  Company is considering relocation of its manufacturing plan

A company is considering relocation of its manufacturing plant. 20 percent are employed. does the company have a social responsibility to factor into its decision

  Determine that you have the making to become an entrepreneur

Determine that you have the making to become an entrepreneur. Choose a product you would create and decide whether you would take a slow or fast approach to internationalizing your firm

  However it is also conceivable that some companies

it is often the case that companies work hard at reducing the amount of time a flow unit a customer or a product spends

  Strategic leadership and entrepreneurship analysis

What is your sphere of influence in your organization? Based on this, what impact can you have on the implementation of your business plan? What is your own bias? What hurdles do you anticipate? What leadership style(s) will you have to demonstrate? ..

  What are the various methods for recruiting employees

are what are the various methods for recruiting employees? why are some better than others? In what sense are they better?

  Expand into new markets in alaska and europe

Expand into new markets in Alaska and Europe. The senior management of your company has already made the strategic decisions to allocate annual funding to each of the Strategic Business Units (SBU) within the company. You have been hired to manage ..

  Determine the optimal solution from the output from qm

Determine the optimal solution from the output from QM for Windows.

  Develop the appropriate taguchi loss function

Develop the appropriate Taguchi loss function by finding the value of k.

  What are the annual turns

Your company has an average annual inventory of $70 million. Its annual cost of goods sold (COGS) is $560 million. Order costs are $195 per order, and inventory carrying costs are estimated at 23%. What are the annual turns (how many order cycles ..

  Create a model that demonstrates the most important

create a model that demonstrates the most important steps in the selection process

  What are five characteristics which differentiate projects

What are five characteristics which help differentiate projects from other functions carried out in the daily operations of the organization. Why are these not the same

  Describe the project scope and project management plan

Describe the project scope and project management plan. Align your plan to the overall strategy that you had recommended to the senior executives in Assignment 2.

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