This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Manfred Manufacturing is involved in the production of machine parts. The company uses 600,000 ... (Read 1285 times)

geodog55

  • Hero Member
  • *****
  • Posts: 530
on: May 1, 2019
Manfred Manufacturing is involved in the production of machine parts. The company uses 600,000 pounds of steel annually. The current purchasing cost for steel is $3.20 per pound. The carrying cost for inventory is 10 percent of the purchase price. The cost of ordering steel is $800 per order. The company has decided to maintain a safety stock of 15,000 pounds. The delivery time per order is 6 days. The company works 365 days a year.
a.Determine the optimal EOQ.
b.How many orders will be placed annually?
c.What is the average inventory?
d.What is the inventory order point? (That is, at what level of inventory should a new order be
placed?)
e.What is the company's total inventory cost for the year?
Foundations of Finance ¦ Keown, Petty, Martin ¦ 9th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by geodog55 on May 1, 2019

Hikerman221

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: May 1, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 64% of students answer this correctly


geodog55

  • Hero Member
  • *****
  • Posts: 530
Reply #2 on: May 1, 2019
Thank you!


Hikerman221

  • Sr. Member
  • ****
  • Posts: 346
Reply #3 on: May 1, 2019
Always glad to help...


Shahd Abushtayy

  • Newbie
  • *
  • Posts: 1
Reply #4 on: Dec 19, 2020
Tank you


Nur Amalina

  • Newbie
  • *
  • Posts: 1
Reply #5 on: Jul 26, 2021
thank you


« previous next »
 

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Parts of the stethoscope Parts of the stethoscope
Cotton Production and Slave Population, 1800–1860 Cotton Production and Slave Population, 1800–1860
Labeled parts of a check. Labeled parts of a check.
The parts of a flexible sigmoidoscope. The parts of a flexible sigmoidoscope.
World Crude Oil Production, 1900–2010 World Crude Oil Production, 1900–2010
Your company advertises all prices on the menu board as a final price, including HST of 13%. A ... Your company advertises all prices on the menu board as a final price, including HST of 13%. A ...
Video: Isovolumetric VC, Ventricular ejection, Isovolumetric & Passive ventricular filling

For a complete list of videos, visit our video library