Solved: What ordering quantity minimizes the inventory costs, Accounting Basics

+44 141 628 6080
[email protected]

What ordering quantity minimizes the inventory costs

Question:

1. Smithson hydraulics inc carries an inventory of valves that cost $25 each. The firm's inventory carrying costs is approximately 18% of the value of the inventory. It cost $38 to place, process, and receive an order. The firm uses 20,000 valves a year.

a) What ordering quantity minimizes the inventory costs associated with the valves? Round to the nearest unit.

b) How many orders will be placed each year if the EOQ is used?

c) What are the valves carrying and ordering costs if the EOQ is used?

View Complete Question

Solution Preview :

Prepared by a verified Expert

Accounting Basics: What ordering quantity minimizes the inventory costs

Reference No:- TGS02029224

Now Priced at $10 (50% Discount)

Recommended (92%)

Rated (4.4/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

What when people get involved in community and social change

When people get involved in community and social change but do not hold official political positions, which of the terms best describes what they are part of

How are schools important in the struggle for power

Question: How are schools important in the struggle for power and status?

How code of suburbs differs from the code of street

Q1. Explain how the Code of the Suburbs differs from the Code of the Street? Q2. Explain your general thoughts on the book.

How is it rational for the owner of a factory or plantation

How is it rational for the owner of a factory or plantation to work his laborers to death or disability when they can easily be replaced cheaply?

Compare critical feminist theory and power-control theory

Compose a paper that compares and contrasts critical feminist theory and power-control theory as forms of gendered criminology. Your paper should:

Problem regarding culturally relativistic

"Gender inequality is not some accidental, hit-or-miss affair. Rather, each society's institutions work together to maintain the group's particular form of

What cases does female status tend to be highest

Question: In which of the following cases does female status tend to be highest? Group of answer choice

Solution Preview :

Prepared by a verified Expert

Accounting Basics: What ordering quantity minimizes the inventory costs

Reference No:- TGS02029224

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Analyze a promotional concept of organization

Q : Describe the taj basic strategy as a hotel

Q : Determine the value of rout

Q : Product-service based on the product classification

Q : What ordering quantity minimizes the inventory costs

Q : What is amount of net sales from the given transactions

Q : Describe pierre omidyar initial marketing efforts

Q : How do partnerships work from a marketing perspective

Q : What is the quick current and debt ratios