Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 03, 2024

please help me Hammond Supplies expects sales of 197,559 units per year with carrying costs of $4.56 per unit and ordering cost of $3.84 per

please help me

Hammond Supplies expects sales of 197,559 units per year with carrying costs of $4.56 per unit and ordering cost of $3.84 per order. Assuming the level of inventory is stable, what is the optimal average number of units in inventory?

Round to the nearest whole number.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Entrepreneurial Finance

Authors: Denise Lee

1st Edition

1948426129, 9781948426121

More Books

Students also viewed these Finance questions

Question

★★★★★

"Application of the Time Value of Money Budget: $25.00" 1. Using Excel, complete the following problems in the textbook: "Financial Mathematics" a. Single Sum: Problems 2, 3, 4, and 5 on pages 146...

Answered: 1 week ago

Question

★★★★★

Calculate the total capacitance of three capacitors of capacitances 200 F, 300 F and 600 F, connected in series.

Answered: 1 week ago

Question

★★★★★

Summarize the ABCDE method for overcoming irrational beliefs.

Answered: 1 week ago

Question

★★★★★

Damsels clothing store orders a line of jeans at a suggested retail price of $58 less trade discounts of 30% and 7%. The manager intends to sell the jeans at the suggested retail price. If overhead...

Answered: 1 week ago

Question

★★★★★

Quick Cleaners, Inc. (QCI), has been In business for several years. It specializes in cleaning houses but has some small business clients as well. Issued $16,000 of QCI stock for cash. b. Incurred...

Answered: 1 week ago

Question

★★★★★

You have discovered that when the required rate of return on a bond you own fell by 0.5 percent from 8.5 percent to 8 percent, the fair present value rose from $965 to $985. The bond pays interest...

Answered: 1 week ago

Question

★★★★★

A client comes into a bank and requests to make a bank deposit of $9000. Under the Proceeds of Crime and Terrorist Financing Act of 2000 what must the bank do to be compliant with legislation? Select...

Answered: 1 week ago

Question

★★★★★

In the country Gamma it takes 6 hours to produce one automobile and 1 hour to produce a bale of cotton. In the country Delta it takes 10 hours to produce one automobile and 2.5 hours to produce a...

Answered: 1 week ago

Question

★★★★★

I. Suppose that there are only 10 individuals in the economy each with the following utility function over present and future consumption : U (c1, c2) = c1 + 2 / 3 c2, where c1 is consumption today,...

Answered: 1 week ago

Question

★★★★★

QUESTION 10/12 Company A's total royalty expenses for a specific product vary based on the total revenue (dollars in thousand), shown as below: Which of the following statements is correct? 1 point...

Answered: 1 week ago

Question

★★★★★

The relativistic Doppler shift causes the light from a distant galaxy to be blue shifted by 5%. What is the speed of the galaxy relative to the earth?

Answered: 1 week ago

Question

★★★★★

5.8 At the beginning of winter, a homeowner estimates that the probability is 0.4 that his total heating bill for the three winter months will be less than $380. He also estimates that the...

Answered: 1 week ago

Question

★★★★★

5.5 An analyst has available two forecasts, F1 and F2, of earnings per share of a corporation next year. He intends to form a compromise forecast as a weighted average of the two individual...

Answered: 1 week ago

Question

★★★★★

5.10 The profit for a production process is equal to $1,000 minus two times the number of units produced. The mean and variance for the number of units produced are 50 and 90, respectively. Find the...

Answered: 1 week ago

Previous Question Next Question