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 1319 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?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Two of the Reactions Involved in Forming Ozone (O3) and Smog Two of the Reactions Involved in Forming Ozone (O3) and Smog
White Blood Cells Involved in Immune Response White Blood Cells Involved in Immune Response
Conventional oil reserves have passed peak production Conventional oil reserves have passed peak production
Summary of Functions of Principal Parts of the Brain Summary of Functions of Principal Parts of the Brain
Production efficiency vs. trophic efficiency Production efficiency vs. trophic efficiency
Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ... Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ...
Video: Flexor reflex & Crossed extensor reflex

For a complete list of videos, visit our video library