Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. question 1 the storekeeper of a tyre manufacturing

QUESTION 1 The storekeeper of a tyre manufacturing company has to...

80.2K

Verified Solution

Question

Accounting

image
QUESTION 1 The storekeeper of a tyre manufacturing company has to plan the firm's inventory requirements for the valves used in the tyres. The monthly usage is 500 valves. The storekeeper has reported that the cost to keep one valve in the storeroom for one year is N$5. The valves are supplied by a firm in Angola which normally delivers the valves between one month and 2 months after the order was placed. The cost to place an order is N$150. The storekeeper has asked you to assist him in calculating some of the inventory levels. Required: Calculate the following inventory levels: a) Economic order quantity b) Re-order level (Re-order point) c) Minimum inventory level (Safety stock) d) Average inventory level e) Maximum inventory level f) Annual ordering cost B) Annual carrying cost

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

How are vaccines made? - Why do they take so long to make? - Why can't...

Biology
Q

Question Prompt (1 of 1) You are running a classroom and suspect that some of your students...

Programming
Q

Explain the concept of operating point and how it is achieved with a common emitter amp,...

Electrical Engineering
Q

The past twenty years have seen advancements in technology that were critical to further understanding concepts in...

Psychology
Q

3 4 10 28 Charges 20 30 40 and 50 C are at the corners...

Physics
Q

3 Three charges each of magnitude q are placed at the corners of an equilateral...

Physics
Q

Factor completely the given expression 4x 7 x 6 4x 7 4 2 07 4x...

Basic Math
Q

4 5 On the graph below Sketch the function h x 2x 6 x 6...

Basic Math
Q

In the diagram below O is measured in radians Which equation represents the relationship between...

Algebra
Q

High Low Method Exercise Name: Date: Unparalleled Training Seminars Inc., provides high quality professional training...

Accounting
Q

1 Chapter 5 Individual Homework Assignment Note: Please type your name, section number, and CWID...

Accounting
Q

Interdepartment Services: Step Method Tucson Manufacturing Company has five operating departments, two of which are...

Accounting