User Account

All Pages

How many units of the medicine can hospital order

Assignment Help Accounting Basics
Reference no: EM133041343

Question - A hospital needs 3,100 units of a medicine throughout the year. The purchasing cost varies with the size of the order. If the number of units of the medicine that the hospital orders is below 100, the supplier charges $32 per unit; if it is between 100 and 499, the price is $29 each; and if they order 500 units and above, it is $28 per unit. The holding cost per unit per year is $30, as the medicine must be kept in a special device to prevent spoilage. The ordering cost is $10.

Required -

a. How many units of the medicine can hospital order each time to minimize their total cost?

b. What is the minimum annual total cost?

Reference no: EM133041343

Questions Cloud

Multiple factor test and economic reality test : Instructions: Advise as to whether the workers are employees or independent contractors. Case references should be applied and the relevant test should be exami
Diagnosis codes and the applicable icd-10 procedure : Assign the appropriate Z code (s) as well as any other appropriate diagnosis codes and the applicable ICD-10 procedure code to the following scenarios:
Estimate the return in euro terms : You had invested 6,000 euros to buy Microsoft shares for $210 per share; the exchange rate was $1.14 per euro. Estimate the return in euro terms
Example of fixed mindset thinking : 1. Example of fixed mindset thinking. Reflect on a specific scenario when you used fixed mindset thinking, then consider and reflect on how the outcome might ha
How many units of the medicine can hospital order : The holding cost per unit per year is $30, as the medicine must be kept in a special device to prevent spoilage. How many units of medicine can hospital order
Discuss views on the decriminalization of drugs : Discuss your views on the decriminalization of drugs. Could Portugal's approach work in the United States? Why? Why not?
Hiring bar personnel discussion questions : 1. What are your alternatives for determining whether your friend is, in fac, stealing?
Differences between a team and a working group : At what stage of team development does the team finally start to see results?
Develop a personnel performance review : Develop a Personnel Performance Review Report discussing the following:

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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