What is the max inventory level

Assignment Help Macroeconomics
Reference no: EM131211894

The bathroom section of a large department store sells 18,233 specialty bath towels per year. The unit purchase cost of a towel from the store's supplier is $2.40 per towel. The cost of placing an order to the supplier is $14.00 per order. The holding cost is $0.60 per towel per year. Assume that the Economic Order Quantity (EQQ) Model is appropriate here, and that EQQ= 922.43.

1) What is the max inventory level?

2) What is the average inventory level?

3) What is the approx. number of orders per year?

4) What is the total annual setup (i.e. order) cost?

5) What is the total annual holding cost?

Reference no: EM131211894

Questions Cloud

Describe the hypothetical phone conversation : Draw a new diagram that reflects this arrangement and describe the hypothetical phone conversation.
Interviewing three people for one sales job : You are interviewing three people for one sales job. On the basis of your experience, you believe Jane can sell 600 units a day, Tom can sell 450 units a day and Kevin can sell 400 units a day. The daily salary each person is requesting is as fo..
Fully rewrite the given article in own words : Given is the article.-  Fully rewrite the article in your own words.
What common faulty arguments use to justify peoples beliefs : What are the most common faulty arguments used to justify peoples' beliefs? What would you say to someone whose beliefs are unfounded and possibly dangerous to their health?
What is the max inventory level : The bathroom section of a large department store sells 18,233 specialty bath towels per year. The unit purchase cost of a towel from the store's supplier is $2.40 per towel. The cost of placing an order to the supplier is $14.00 per order. The hol..
How many bits are delivered to the network layer protocol : How many bits, including headers, are delivered to the network layer protocol at the destination?
Advise tom and edgar as to their legal position relevant law : When Peter and Aidan return they are furious to find out what Adrian has done and refuse to accept delivery of the journals or the surveying equipment or to pay for them. Advise Tom and Edgar as to their legal position, citing relevant law
Indifference curve going through optimal choice : (a) Derive the demandfunctionof good 1. (b) What is the optimal consumption of good 1 i fm=6andp1 =p2 =1? (c) Draw the budget constraint, optimal choice and indifference curve going through this optimal choice. (d) Imagine that the price of good 1 in..
Does this difference in the file sizes imply an error : Does this difference in the file sizes imply an error in the data transfer? Why or why not?

Reviews

Write a Review

Macroeconomics Questions & Answers

  Discuss the impact of population growth

Discuss the impact of population growth on per capita income and its growth. Evaluate the validity of the following statements

  Calculate the marginal tax rate (mtr) and average tax rate

Calculate the marginal tax rate (MTR) and average tax rate (ATR) for a person earning $15,000 and one earning $35,0000.

  Explain how would this affect your pricing strategy

In the 1990s Japan reduced its exports of automobiles to the United States by 28 percent. If you were the manager of a US car dealership, explain how would this affect your pricing strategy.

  Christian worldview influence these motivations

What would happen to markets if the government instituted prices controls such as floor or ceiling? How does a Christian worldview influence these motivations?

  Describe the macroeconomic and microeconomic concepts

Describe the macroeconomic and microeconomic concepts and how they relate to the management of a global organization.

  Sectors of the mexican economy

Which countries are likely to gain, and which are likely to lose, from the North American Free Trade Area? How are the gains and losses likely to be distributed across occupations and sectors of the Mexican economy? The U.S. economy?

  Compute your profit-loss in usd on tuesday and wednesday

Wednesday the price changed to 1.8275. Compute your profit-loss in USD on Tuesday and Wednesday.

  Demand rises faster than income

State an economic product for which the demand rises faster than income when income grows.

  A consumer lives three periods called the learning period

a consumer lives three periods called the learning period the working period and the retirement period. her

  Gdp and the national income and product account

There are at least two ways to view a CI. In your view, which one is more practical or realistic?

  Qestion 1in a market demand for a consumer product is qd

question 1in a market demand for a consumer product is qd 70 - p. in this industry firms total cost is tcq 300

  What are the fed''s current monetary policy goals

What economic events were most important in shaping recent monetary policy? What are the Fed's current monetary policy goals?

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