User Account

All Pages

Calculate the number of orders that will be placed each year

Assignment Help Accounting Basics
Reference no: EM131672585

Question: EOQ for a retailer. The Fabric World sells fabrics to a wide range of industrial and consumer users. One of the products it carries is denim cloth, used in the manufacture of jeans and carrying bags. The supplier for the denim cloth pays all incoming freight. No incoming inspection of the denim is necessary because the supplier has a track record of delivering high-quality merchandise. The purchasing officer of the Fabric World has collected the following information:

Annual demand for denim cloth                   40,700 yards

Ordering cost per purchase order                $185

Carrying cost per year                              10% of purchase costs

Safety-stock requirements                         None

Cost of denim cloth                                  $11 per yard

The purchasing lead time is 2 weeks. The Fabric World is open 220 days a year (44 weeks for 5 days a week).

1. Calculate the EOQ for denim cloth.

2. Calculate the number of orders that will be placed each year.

3. Calculate the reorder point for denim cloth.

Reference no: EM131672585

Questions Cloud

Prepare a brochure or handout on training : Prepare a document which covers the following: Definition of the specialization of Industrial Organizational Psychology ,Various career opportunities etc.
Show the output contains a frequency component : Show that the output y(t) contains a frequency component at twice the carrier frequency but it has a tune-varying phase. which makes it impractical to recover
Create a revised effective recruitment plan : What would you add, remove, or revise in the plan? Create a revised effective recruitment plan using the Lake City Hospital Recruitment Plan document
Calculate the net benefit or cost to the knot : Calculate the net benefit or cost to The Knot if it adopts JIT production at the Spartanburg plant.
Calculate the number of orders that will be placed each year : EOQ for a retailer. The Fabric World sells fabrics to a wide range of industrial and consumer users. One of the products it carries is denim cloth.
Explain how that individual provided a foundation to a trend : What were the similarities and differences within each dyad? What were the similarities and differences across the two sets of dyads?
The critical path for new sports complex : When a project manager, early in a project, tells the president of a major college that they are behind a few weeks on the critical path for new sports complex.
Which rules of negotiation did marilyn break : Which rules of negotiation did Clint break? Which rules of negotiation did Marilyn break?
Promote self-directed retirement savings in private sector : The country's tax laws are amended to promote self-directed retirement savings in the private sector.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd