Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. fisk corporation is trying to improve its inventor

Fisk Corporation is trying to improve its inventory control system and has installed an online...

50.1K

Verified Solution

Question

Accounting

Fisk Corporation is trying to improve its inventory control system and has installed an online computer at its retail stores. Fisk anticipates sales of 144,500 units per year, an ordering cost of $12 per order, and carrying costs of $1.20 per unit. a. What is the economic ordering quantity?

b. How many orders will be placed during the year?

c. What will the average inventory be?

d. What is the total cost of ordering and carrying inventory?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Preferred stockholders claims to a corporation s assets take precedence over the claims of some...

Basic Math
Q

Consider the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow (B) 0 –$429,000       –$42,000       1 42,000       20,800       2 64,000...

Finance
Q

You are a researcher who is interested in three genes in drosophila: The a gene, the...

Biology
Q

design a divide & conquer alogrithm that requires 2 recursive calls for array size greater than...

Programming
Q

a) Create a program for the msp430FR6989 .You will use need to program it to be...

Electrical Engineering
Q

Approximately where is gene a located along the chromosome?about one-third of the distance from the...

Biology
Q

5 A bar magnet is 10 cm long is kept with its north N pole...

Physics
Q

"On October 1, 2012, ABC Company issues a 5 month note receivable to moreams Inc....

Accounting
Q

please help with favorable and unfavorable Top managers of Stenback Industries predicted 2018 sales...

Accounting
Q

The capital structure of a company is related to how much capital is needed to...

Accounting
Q

How is accrued warranty liability which covers customers for a period of 3 years post-sale...

Accounting
Q

Construct the raw materials purchases budget???? ...

Accounting