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I keep getting this wrong. help would be appreciated. will give a thumbs up as well The Grand Cloth Shop sells fabrics to a wide
I keep getting this wrong. help would be appreciated.
will give a thumbs up as well
The Grand Cloth Shop sells fabrics to a wide range of industrial and consumer users. One of the products it carries is denim cloth, used in the manufacture of jeans and carrying bags. The supplier for the denim cloth pays all incoming freight. No incoming inspection of the denim is necessary because the supplier has a track record of delivering high-quality merchandise. The purchasing officer of the Grand Cloth Shop has collected the following information: (Click the icon to view the information.) Read the requirements. Requirement 1. Calculate the EOQ for denim cloth. Begin by selecting the formula used to calculate (D= Demand in units for one year, P= Ordering cost per purchase order, C= Carrying cost of one unit in stock, Q= Any order quantity.) (Round the denominator to the nearest cent.) The EOQ for denim cloth is yards. Requirement 2. Calculate the number of orders that will be placed each year. Determine the formula used to calculate the number of orders that will be placed each year, then calculate the orders per year. Requirements Requirement 3. Calculate the reorder point for denim cloth. Determine the formula used to calculate the reorder point for denim cloth, then calculate the reorder point. 1. Calculate the EOQ for denim cloth. 2. Calculate the number of orders that will be placed each year. 3. Calculate the reorder point for denim cloth. Data table The purchasing lead time is 2 weeks. The Grand Cloth Shop is open 250 days a year ( 50 weeks for 5 days a week)Step by Step Solution
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