Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. inventory management you are a member of e.t. elec

Inventory Management You are a member of E.T. Electronics' management team. The team is interested...

90.2K

Verified Solution

Question

Accounting

image
image
image
image
Inventory Management You are a member of E.T. Electronics' management team. The team is interested in adding a nevw product to the store's line of products, a Japanese robot called Hirata. This robot is very popular in Japan and is expected to make its mark in the U.S. market. It is capable of receiving 50 commands and performing 200 functions. E.T. Electronics' team expects to sell 1,000 units of Hirata during the upcoming year. The annual cost of carrying a Hirata robot in inventory is estimated to be $100, and the cost of placing a new order of the Hirata robot by sea from Japan is $250. E.T. Electronics' team is also considering ordering the robot by air from Japan, a faster but more expensive route that will cost $350 1. E.T. Electronics' team is interested to know the optimal order size of the Hirata robots. You know that the optimal order size equals the square root of 2 multiplied by the annual sales (i.e., demand), multiplied by the ordering cost and divided by the carrying cost. What is the optimal order size that E.T. Electronics' team should place by sea or by air? Demand Carrying Cost Ordering Cost Optimial Size of an Order O 84 by sea, 71 by air O71 by sea, 84 by air

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Suppose the Bank of Canada made an announcement that it would purchase up to $500 billion...

Economics
Q

Clark and Shiffer LLP perform activities related to e-commerce consulting and information systems in Vancouver, British...

Accounting
Q

Between the plates of parallel plate condenser a plate of thickness t and dielectric constant...

Physics
Q

3 Determine the exact measures for each K a 75 in radians b 2 in...

Basic Math
Q

A business has a budget of 1 890 to spend on updating their technology Each...

Statistics
Q

During a basketball game Abraham is shooting two free throws He makes 95 of his...

Statistics
Q

Administration, recruitment, time and attendance, training and development, pension administration, employment equity, performance evaluation, compensation...

Accounting
Q

BluJay Aviation has called on your business consulting group again for advice. Brad has decided...

Accounting
Q

Required: 1. Advise the correct accounting treatment of the issues relating to the companys inventories...

Accounting
Q

answer requirement 2 The Richmond Shit...

Accounting
Q

Reus Truck Company replaces the tires of its trucks. The new tires have a price...

Accounting
Q

9.. Blue Cab Company had 50,000 shares of common stock outstanding on January 1, 2021....

Accounting