Mr. TV is concered about his inventory of Soni tvs. He wants to have at least 3,000 tvs available at a given time. It costs the firm $20 to place an order. It sells 50,000 tvs a year and it costs $20 in storage and insurance per tv per year. How many tvs should Mr. TV order at a time? How many tvs does Mr. TV have on average instock?
Mr. TV is concered about his inventory of Soni tvs. He wants to have at least 3,000 tvs available at a given time. It costs the firm $20 to place an order. It sells 50,000 tvs a year and it costs $20 in storage and insurance per tv per year. How many tvs should Mr. TV order at a time? How many tvs does Mr. TV have on average instock?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Mr. TV is concered about his inventory of Soni tvs. He wants to have at least 3,000 tvs available at a given time. It costs the firm $20 to place an order. It sells 50,000 tvs a year and it costs $20 in storage and insurance per tv per year.
How many tvs should Mr. TV order at a time?
How many tvs does Mr. TV have on average instock?
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