What is the annual carrying cost of the t-shirt inventory

Assignment Help Finance Basics

Reference no: EM13273086

Ready Tees, an on line retailer of t-shirts, orders 100,000 t-shirts per year from its manufacturer. Ready plans on ordering t-shirts 15 times over the next year. Ready receives the same number of t-shirts each time it orders. The carrying cost is $0.10 per shirt per year. What is the annual carrying cost of the t-shirt inventory (rounded to the nearest dollar)?

Reference no: EM13273086

Questions Cloud

What is meant by default risk in bonds : What is meant by "default risk" in bonds, and how do investors respond to it?

Review of stock prices-news and business conditions : Write a review of the attached article. Use finance theory to explain and critique the key points that the authors are trying to communicate. Stock Prices, News, and Business Conditions

Calculate the payout and plowback ratios : Its assets have averaged $600,000 over the past year, during which its total debt ratio has averaged 40%. Given this information, answer the following about the company's profitability.

What os the speed of the brick after the collision : A 50g ball of clay traveling at speed v0 hits and sticks to a 1.0kg block sitting at rest on a frictionless surface. what os the speed of the brick after the collision

What is the annual carrying cost of the t-shirt inventory : The carrying cost is $0.10 per shirt per year. What is the annual carrying cost of the t-shirt inventory (rounded to the nearest dollar)?

Compute how much energy is stored in the capacitor : A parallel-plate capacitor is constructed from two 13cm X 13cm electrodes spaced 0.90mm apart. The capacitor plates are charged to ± 20nC, How much energy is stored in the capacitor

Explain separate a three componentmixture of benzene : Consider a separation train consisting of two distillation columns which are designed to separate a three componentmixture of benzene, toluene, and xylene into three streams, each rich in one of the species asshown below.

What is the current asset turnover ratio : Last year's asset turnover ratio was 2.0. Sales have increased by 25% and average total assets have increased by 10% since that time. What is the current asset turnover ratio? A. 1.82 B. 2.05 C. 2.15 D. 2.27

How much is ebit : A firm reports a net profit margin of 10.0% on sales of $3 million when ignoring the effects of financing. If taxes are $200,000, how much is EBIT? A. $100,000 B. $300,000 C. $500,000 D. $800,000

User Account

All Pages