Please help me. Thankyou. 4.1 Study the information provided below and answer the following questions.Radasys Suppliers anticipates annual sales of 144 000 units of a product. Radasys sells the product at R45per unit, using the pricing formula: cost plus 50%. The ordering cost is R30 per order and the carrying cost of5% of the unit purchase price.REQUIRED:4.1.1 Calculate the number of orders that must be placed during the year based on the most advantageousquantity for the firm to order each time.4.1.2 Calculate the total annual ordering and carrying costs of the product.4.2 Study the information provided below and answer the following questions.INFORMATION

4.1.1 To calculate the number of orders that must be placed during the year based on the most…

Answered: 4.1 Study the information provided…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Given: Peter Piper has projected sales of 72,000 pipes this year, ordering cost of P6 per order, and carrying costs of P2.40 per pipe. With the given data, can you give me the solution on how to get: -What is the economic ordering quantity? -Total inventory cost at EOQ -How many orders will be placed during the year?-What will the average inventory be? Thank you in advance.
A. Genesis Company is a wholesaler. It purchases 60,000 units of Product X per month for sale to retailers. The cost of placing an order is P100. The cost of holding one unit of inventory for one year is P4. Required: 1. Compute the economic order quantity. 2. How many orders would be placed under the EOQ policy? 3. Compute the annual ordering cost for the EOQ. 4. Compute the annual carrying cost for the EOQ. 5. Compute the total inventory-related cost at the EOQ. 6. Previously, the company had been purchasing 5,000 units of product X per order: What is the ordering cost per year under the previous policy? ii. The annual carrying cost? iii. How much money does the company save over the policy of purchasing 5,000 units per order using the EOQ policy? i. B. Kings Company presents the following information: 1. Annual credit sales: P 25,200,000 2. Collection period: 3 months 3. Rate of return: 12% Kings company considers changing its credit term from n/30 to 3/10, 1/30. The following are…
The quarterly demand for an item of raw materials is estimated at 2,000 units at a purchase price of GH¢180 per unit. It is estimated that the cost per order will be GH¢270 and the cost of holding a unit of material in inventory will be GH¢24.Required:i. Compute the optimal order quantity, and total minimum costs.ii. Suppose a supplier offers 5% quantity discount for purchase of 8,000 units, should the offer be accepted
2. The ABC Company consumes inventory of 67,500 units of components per year. The carrying cost per unit is RO 1.50. The fixed order cost is RO 25 per order. The production planning is 365-day year. a. What is the Economic Order Quantity (EOQ)? Interpret. 219 S b. Calculate and interpret the optimal number of orders to be placed. the ida c. If it takes five days to receive an order from suppliers, at what inventory level should ABC Company place another order.Interpret.
Calculate the economic ordering quantity for Nashville Records Inc. , given the following information : Sales : 15,000 units per year Sales price : $10 Purchase price : $ 5 Carrying cost: 0.25 times inventory value Fixed cost per order : $ 1000
A Company estimates that its carrying cost is 20% of the purchase price and its ordering cost at $40 per order. The estimated annual requirement is 10,000 units at a price of $200 per unit. What is the EOQ? * Your answer
What is the EOQ for a firm that sells 5,800 units when the cost of placing an order is $5.20 and the carrying costs are $4.00 per unit? Round your answer to the nearest whole number. units How long will the EOQ last? Use the rounded value from the previous question. Assume 365 days in a year. Round your answer to the nearest whole number. days How many orders are placed annually? Assume 365 days in a year. Use the rounded value from the previous question. Round your answer to the nearest whole number. orders per year As a result of lower interest rates, the financial manager determines the carrying costs are now $2.2 per unit. What is the new EOQ? Round your answer to the nearest whole number. units What is the annual number of orders? Assume 365 days in a year. Use the rounded values of the new EOQ and duration of the new EOQ in your calculations. Round your answer to the nearest whole number. orders per year
can you help me answer A.
What is the economic-order quantity (rounded to nearest whole lens)?
1. Annual Demand is 450 units. The cost to place an order is $80 and holding cost is 25% per year of the cost of the item. The supplier has just submitted the following cost schedule to you. Quantity Price EOQ Feasible? 1 to 50 $60 51-100 $54 Over 100 $51 a) Calculate the EOQ for each Price. Determine which are feasible. Fill in above. ( b) Is the EOQ for the lowest unit price feasible? If not, compare total cost at all break quantities larger than the feasible EOQ. c) What decision would you make?
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Diagnostic Supplies has expected sales of 98,000 units per year, carrying costs of $5 per unit, and an ordering cost of $8 per order. a. What is the economic ordering quantity? Economic ordering quantity b-1. What is the average inventory? Average inventory b-2. What is the total carrying cost? Total carrying cost units units

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