Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

(Question 3) (a) The Putra Height Company has always maintained a safety stock of 500 units and received its order 20 days after the order

image text in transcribed
(Question 3) (a) The Putra Height Company has always maintained a safety stock of 500 units and received its order 20 days after the order has been placed. The annual usage is 6,000 units and the order cost is RM30 per order. The company's carrying cost is RM0.10 per unit/year. Based on the information provided, calculate the following: i. Economic order quantity (3 marks) ii. Total order cost (5 marks) Total carrying cost (2 marks) iv. Reorder level (3 marks) V. Average inventory (2 marks) (b) The management of account receivable is an important aspect of the job of the financial manager. Explain the steps in which account receivable can be collected. (10 marks) 25 marks 4/6

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Explain with detail the role of CAPA in Quality assurance

Answered: 1 week ago