eoq model, #question Tom Rich and Joe Miser have an e-checking/savings account at the, Supply Chain Management

eoq model, Supply Chain Management

Assignment Help:

#question Tom Rich and Joe Miser have an e-checking/savings account at the eKU bank. Both Tom and Joe had $5000 in their account at the start of the calendar year 2013. Both have projected cash usage of $50 per week at a constant rate. eKU bank charges a $0.75 ATM withdrawal fee for every ATM transaction, which is billed to the account at the end of the calendar year. The account also earns a 6% APY which is based on the average annual balance, and deposited in the account at the end of the year. For the purpose of simplifying your calculations, assume 50 weeks per year and no additional deposit to this account during 2013.

(a) Tom has a fat wallet and hence withdraws $500 whenever he runs out of cash, while Joe withdraws cash every Monday on his way to the student union. Who will have a higher account balance at the end of calendar year 2013?

Write Your Message!

Name

Email id

Message

Verfication Code

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

User Account

All Pages

eoq model, Supply Chain Management

Related Discussions:- eoq model

Negotiations, buyer is the king since is the one who possesses the finance ...

Supply chain, What are the basic functions of supply chain management?

Explain in detail the major inventory management techniques, Explain in det...

Store management and stock control, benefits of organisation adopting a log...

Zara report, got my assignment submission due on thursday 18th i would like...

Evaluate the quality of a product, Question 1: (a) You are required to...

Transportation, Add a dummy supply source to make it a balanced problem. Us...

Linear programming, Hello i need some help with a homework for next Monday ...

Assignment, assignment based on drivers

Purchase, topics of studies

Write Your Message!

Featured Services

Online Tutoring

Project Development

Exam Preparation

Course Help

Assignment Help

Popular Subjects

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT