Problem 12a: Fullerton IV Company has had a policy of reordering inventory every 30 days. Using the data below, what is the economic order quantity EOQ? Ordering cost F $10 per order Carrying cost C 20% of purchase price Purchase price P $10 per unit Total sales per year S 1,000 units Safety stock 0 Days per year 360 Problem 12b: Continuing with the previous question, what is the total inventory cost, TIC? Problem 12c: Continuing with the previous questions, how many orders should Fullerton place per year?
Problem 12a: Fullerton IV Company has had a policy of reordering inventory every 30 days. Using the data below, what is the economic order quantity EOQ? Ordering cost F $10 per order Carrying cost C 20% of purchase price Purchase price P $10 per unit Total sales per year S 1,000 units Safety stock 0 Days per year 360 Problem 12b: Continuing with the previous question, what is the total inventory cost, TIC? Problem 12c: Continuing with the previous questions, how many orders should Fullerton place per year?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Problem 12a: Fullerton IV Company has had a policy of reordering inventory every 30 days. Using the data below, what is the economic order quantity EOQ?
Ordering cost F $10 per order
Carrying cost C 20% of purchase price
Purchase price P $10 per unit
Total sales per year S 1,000 units
Safety stock 0
Days per year 360
Problem 12b: Continuing with the previous question, what is the total inventory cost, TIC?
Problem 12c: Continuing with the previous questions, how many orders should Fullerton place per year?
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