Question
In: Accounting
Our home construction company consumes nails from our warehouse in 15-pound boxes. We use an average...
Our home construction company consumes nails from our warehouse in 15-pound boxes. We use an average of 1444 boxes a year. The warehouse can provide nails at 38 boxes per day while our usage is 14 boxes per day. It costs $2.40 to place the typical order. Annual carrying costs are $0.60 per box.
What will be our average number of boxes on hand if we order the EPQ boxes in each order? (Keep up to two decimal places in your answer)
Solutions
ekkarill92 answered 2 years agoRelated Solutions
our company was awarded a tender to collect and return a construction team of 15 workers...
our company was awarded a tender to collect and return a
construction team of 15 workers from King Shaka airport (Durban) to
Lesotho and back to King Shaka airport (Durban). The GPS location
in Lesotho is -29.362339, 28.503741 near the Katse Dam wall. You
will be able to cut, copy and paste the location into google which
will take you to the location. The construction will have a
duration of 2 weeks.
1.2 Scope Planning (30) marks * Define...
The Furniture Company started construction of a combination office and warehouse building for its own use...
The Furniture Company started construction of a combination
office and warehouse building for its own use at an estimated cost
of $14,500,000 on January 1, 2020. The Furniture Company expected
to complete the building by December 31, 2020. The Furniture
Company has the following debt obligations outstanding during the
construction period.
Construction loan-12% interest, payable semiannually, issued
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$5,800,000
Short-term loan-10% interest, payable monthly, and principal
payable at maturity on May 30, 2021
4,060,000
Long-term loan-11% interest, payable...
NashFurniture Company started construction of a combination office and warehouse building for its own use at...
NashFurniture Company started construction of a combination
office and warehouse building for its own use at an estimated cost
of $4,500,000 on January 1, 2020. Nash expected to complete the
building by December 31, 2020. Nash has the following debt
obligations outstanding during the construction period.
Construction loan-12% interest, payable semiannually, issued
December 31, 2019
$1,800,000
Short-term loan-10% interest, payable monthly, and principal
payable at maturity on May 30, 2021
1,260,000
Long-term loan-11% interest, payable on January 1 of each...
Nash Furniture Company started construction of a combination office and warehouse building for its own use...
Nash Furniture Company started construction of a combination
office and warehouse building for its own use at an estimated cost
of $ 4,953,300 on January 1, 2017. Nash expected to complete the
building by December 31, 2017. Nash has the following debt
obligations outstanding during the construction period.
Construction loan- 12% interest,
payable semiannually, issued December 31, 2016
$2,015,500
Short-term loan- 10% interest,
payable monthly, and principal payable at maturity on May 30,
2018
1,609,200
Long-term loan- 11% interest,
payable...
Grouper Furniture Company started construction of a combination office and warehouse building for its own use...
Grouper Furniture Company started construction of a combination
office and warehouse building for its own use at an estimated cost
of $5,024,000 on January 1, 2017. Grouper expected to complete the
building by December 31, 2017. Grouper has the following debt
obligations outstanding during the construction period.
Construction loan-12% interest, payable semiannually, issued
December 31, 2016 $1,990,600 Short-term loan-10% interest, payable
monthly, and principal payable at maturity on May 30, 2018
1,603,500 Long-term loan-11% interest, payable on January 1 of...
Riverbed Furniture Company started construction of a combination office and warehouse building for its own use...
Riverbed Furniture Company started construction of a combination
office and warehouse building for its own use at an estimated cost
of $3,000,000 on January 1, 2020. Riverbed expected to complete the
building by December 31, 2020. Riverbed has the following debt
obligations outstanding during the construction period.
Construction loan-12% interest, payable semiannually, issued
December 31, 2019 $1,200,000
Short-term loan-10% interest, payable monthly, and principal
payable at maturity on May 30, 2021 840,000
Long-term loan-11% interest, payable on January 1 of...
Bramble Furniture Company started construction of a combination office and warehouse building for its own use...
Bramble Furniture Company started construction of a combination
office and warehouse building for its own use at an estimated cost
of $2,500,000 on January 1, 2020. Bramble expected to complete the
building by December 31, 2020. Bramble has the following debt
obligations outstanding during the construction period.
Construction loan-12% interest, payable semiannually, issued
December 31, 2019
$1,000,000
Short-term loan-10% interest, payable monthly, and principal
payable at maturity on May 30, 2021
700,000
Long-term loan-11% interest, payable on January 1 of...
Nash Furniture Company started construction of a combination office and warehouse building for its own use...
Nash Furniture Company started construction of a combination
office and warehouse building for its own use at an estimated cost
of $4,600,000 on January 1, 2021. Nash expected to complete the
building by December 31, 2021. Nash has the following debt
obligations outstanding during the construction period.
Construction loan—10% interest, payable semi-annually, issued
December 31, 2020, maturity on December 31, 2030
$2,096,000
Short-term loan—8% interest, payable monthly, and principal
payable at maturity on May 30, 2022
1,422,000
Long-term loan—9% interest,...
Skysong Furniture Company started construction of a combination office and warehouse building for its own use...
Skysong Furniture Company started construction of a combination
office and warehouse building for its own use at an estimated cost
of $4,981,900 on January 1, 2017. Skysong expected to complete the
building by December 31, 2017. Skysong has the following debt
obligations outstanding during the construction period.
Construction loan-10% interest, payable semiannually, issued
December 31, 2016
$2,000,100
Short-term loan-8% interest, payable monthly, and principal
payable at maturity on May 30, 2018
1,595,800
Long-term loan-9% interest, payable on January 1 of...
Flounder Furniture Company started construction of a combination office and warehouse building for its own use...
Flounder Furniture Company started construction of a combination
office and warehouse building for its own use at an estimated cost
of $3,000,000 on January 1, 2020. Flounder expected to complete the
building by December 31, 2020. Flounder has the following debt
obligations outstanding during the construction period.
Construction loan-12% interest, payable semiannually, issued
December 31, 2019
$1,200,000
Short-term loan-10% interest, payable monthly, and principal
payable at maturity on May 30, 2021
840,000
Long-term loan-11% interest, payable on January 1 of...
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