Suppose that you need 5,000 units of inventory over the course of a year. Each unit costs
Question:
Suppose that you need 5,000 units of inventory over the course of a year. Each unit costs $\$ 1$. The costs related to placing each order are $\$ 20$. Your cost of capital is $8 %$. Other carrying costs are estimated to be $\$ .10$ per unit. What is the EOQ for this inventory?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
To solve this problem and find the Economic Order Quantity ...View the full answer
Answered By
Anthony Ngatia
I have three academic degrees i.e bachelors degree in Education(English & Literature),bachelors degree in business administration(entrepreneurship option),and masters degree in business administration(strategic management) in addition to a diploma in business management.I have spent much of my life in the academia where I have taught at high school,middle level colleges level and at university level.I have been an active academic essays writer since 2011 where I have worked with some of the most reputable essay companies based in Europe and in the US.I have over the years perfected my academic writing skills as a result of tackling numerous different assignments.I do not plagiarize and I maintain competitive quality in all the assignments that I handle.I am driven by strong work ethics and a firm conviction that I should "Do Unto others as I would Like them to do to me".
76+ Reviews
152+ Question Solved
Related Book For 
Finance And Accounting For Nonfinancial Managers
ISBN: 9780808046905
5th Edition
Authors: Steven A. Finkler
Question Posted:
