Question 2B The soft goods department of a large department store sells 175 units per month...
Question 2B
The soft goods department of a large department store sells 175 units per month of a certain large bath towel. The unit cost of a towel to the store is $2.50, and the cost of placing an order has been estimated to be $12.00. The store uses an inventory carrying charge of I = 27% per year. What is the total cost per year for the bath towels?
A. $53
B. $79
C. 184
D. $92
E. $273
Homework Answers
annual demand D= 175 * 12 = 2100
holding cost H = 27/100 * 2.5
= 0.675
order cost S = 12
optimal order quantity
= sqrt(2DS/H)
= sqrt(2*2100*12/0.675)
= 273 units
annual holding cost = 273/2 * 0.675 = 92.14
annual ordering cost = D/Q * S = 2100/273 * 12
= 92.3
Total cost = 92.14 + 92.3
= 184
choose c)
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Question 2B
The soft goods department of a large department store sells 175
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The soft goods department of a large department store sells 175 units per month of a certain large bath towel. The unit cost of a towel to the store is $2.50 and the cost of placing an order has been estimated to be $12.00. The store uses an inventory carrying charge of I = 27% per year. Determine the following: a. What is the optimal order quantity? 273.25 b. What are the number of orders? [ Select] c. What is...
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anyone who understands advanced math, please help! 13 The graph below approximates the rate of change...
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Required: 1. What is the amount of Apple’s accounts receivable as of September 30, 2017? 2....
Required:
1. What is the amount of Apple’s accounts
receivable as of September 30, 2017?
2. Compute Apple’s accounts receivable turnover as
of September 30, 2017.
3. How long does it take, on average, for
the company to collect receivables for fiscal year ended September
30, 2017?
4. Apple’s most liquid assets include (a)
cash and cash equivalents, (b) short-term marketable
securities, (c) accounts receivable, and (d)
inventory. Compute the percentage that these liquid assets (in
total) make up of...
The soft goods department of a large department store sells 175 units per month of a certain large bath towel. The unit cost of a towel to the store is $2.50 and the cost of placing an order has been estimated to be $12.00. The store uses an inventory carrying charge of I = 27% per year. Determine the following: a. What is the optimal order quantity? 273.25 b. What are the number of orders? [ Select] c. What is...
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anyone who understands advanced math, please help!
13 The graph below approximates the rate of change of the price of tomatoes over a 60-month period, where p(t) is the price of a pound of tomatoes and is time (in months). 14 15 16 17 18 19 20 21 22 23 0.07 0.06 p'(t) 0.05 0 15 24 0.04 30 0.06 0 -0.02 0 0.06 25 26 27 0.03 45 p'(t) (dollars per month) 0.02 60 0.01 28 0 0 10...
Required:
1. What is the amount of Apple’s accounts
receivable as of September 30, 2017?
2. Compute Apple’s accounts receivable turnover as
of September 30, 2017.
3. How long does it take, on average, for
the company to collect receivables for fiscal year ended September
30, 2017?
4. Apple’s most liquid assets include (a)
cash and cash equivalents, (b) short-term marketable
securities, (c) accounts receivable, and (d)
inventory. Compute the percentage that these liquid assets (in
total) make up of...
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