Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 27, 2024

of their purchases QUESTION ONE 1.1 [151 -6 A motor parts supplier presents the following data in respect of their purchases: Annual demand Maximum daily

of their purchases

QUESTION ONE 1.1 [151 -6 A motor parts supplier presents the following data in respect of their purchases: Annual demand Maximum daily requirement Average daily requirement Carrying cost Ordering cost Lead time 318 OOO units 2 700 units 1 590 units R2.70 per units R 60 per order Time needed to acquire emergency supplies 21 days 5 days 1 1.1.3 NB: Assume that sales are even throughout the year. Required: Determine the economic order quantity (EOQ). Determine the ordering point. Calculate the danger level.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions

Question

Practice: Find and read a published case study in psychology. (Use case study as a key term in a PsycINFO search.) Then do the following:

Answered: 1 week ago

Question

★★★★★

Healthy Potions, Inc., is considering investing in a new production line for eye drops. Other than investing in the equipment, the company needs to increase its cash and cash equivalents by $10,000,...

Answered: 1 week ago

Question

★★★★★

Adrenaline Sports Company makes snowboards, downhill skis, cross-country skis, skateboards, surtboards, and in-line skates. The company has found it beneficial to split operations into two divisions...

Answered: 1 week ago

Question

★★★★★

Old MathJax webview You are required to choose a company that is struggling and act as a consultant. Based on your course material, you have to set a plan for managers to follow making sure that the...

Answered: 1 week ago

Question

★★★★★

Pls refer to image thanks! Fechter Corporation had the following stockholders' equity accounts on January 1, 2015: Common Stock ($4 par) $431,560, Paid-in Capital in Excess of Par-Common Stock...

Answered: 1 week ago

Question

★★★★★

Case 13 Blue Nile INC: ''Stuck in the middle of the diamond engagement ring Market'' by Alan N Hoffman 1) INTRODUCTION: In the first paragraph, in three to four sentences, please define business law,...

Answered: 1 week ago

Question

★★★★★

On January 1, 2024, Vijay Communications granted restricted stock units (RSUS) representing 20 million of its $1 par common shares to executives, subject to forfeiture if employment is terminated...

Answered: 1 week ago

Question

★★★★★

7.54 In Problem 7.20 (Section 7.13) we saw that acid-catalyzed dehydration of 2,2-dimethylcyclohexanol afforded 1,2- dimethylcyclohexene. To explain this product we must write a mechanism for the...

Answered: 1 week ago

Question

★★★★★

The average credit sales for Jiffy Co. is $375,000. Accounts receivables average balance is $68,000. Jiffy factors its receivables by discounting them 3%. What is the effective cost of factoring?...

Answered: 1 week ago

Previous Question Next Question