24. How many times would Norman have to place an order in one year?а.67 timesb.55 times39 timesd.30 times Norman buys baseball bats from a manufacturer at P10 each. Norman expects to sell90,000 bats evenly over the next year. Norman's cost of capital is 10 percent. Thetotal out-of-pocket cost to carry one bat in inventory is P0.50 and the cost of orderingbats is P15per order.22. Suppose that Norman orders 3,000 bats at a time. What is the total annualinventory cost?P 750b. P1,200с. Р2,250d. P 2,700а.

solution given Annual requirement 90000 units Carrying cost per unit per annum 0.50…

Norman buys baseball bats from a manufacturer at PI0 each. Norman exp 90,000 bats evenly over the next year. Norman's cost of capital is 10 per total out-of-pocket cost to carry one bat in inventory is P0.50 and the cost c bats is P15per order. 22. Suppose that Norman orders 3,000 bats at a time. What is the to inventory cost? a. P 750

Norman buys baseball bats from a manufacturer at PI0 each. Norman exp 90,000 bats evenly over the next year. Norman's cost of capital is 10 per total out-of-pocket cost to carry one bat in inventory is P0.50 and the cost c bats is P15per order. 22. Suppose that Norman orders 3,000 bats at a time. What is the to inventory cost? a. P 750

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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