Question

In: Finance

Post Card Depot, an large retailer of post cards, orders 8,639,434 post cards per year from...

Post Card Depot, an large retailer of post cards, orders 8,639,434 post cards per year from its manufacturer. Post Card Depot plans on ordering post card 10 times over the next year. Post Card Depot receives the same number of post cards each time it orders. The carrying cost is $0.26 per post card per year. The ordering cost is $448 per order.

What is the annual total inventory management costs of post card inventory?

(Round the answer to two decimal places).

Solutions

Expert Solution

Average order size = Annual demand/Number of orders

= 8,639,434/10

= 863,943.40

Annual total inventory costs = Average Inventory*Carrying cost per unit per year

= [(863,943.40+0)/2]*0.26

= $112,312.642

i.e. $112,312.64

jeff jeffy answered 2 years ago
Next > < Previous

Related Solutions

Post Card Depot, an large retailer of post cards, orders 5,784,638 post cards per year from...
Post Card Depot, an large retailer of post cards, orders 5,784,638 post cards per year from its manufacturer. Post Card Depot plans on ordering post card 17 times over the next year. Post Card Depot receives the same number of post cards each time it orders. The carrying cost is $0.17 per post card per year. The ordering cost is $251 per order. What is the annual total inventory management costs of post card inventory? (Round the answer to two...
Post Card Depot, an large retailer of post cards, orders 4,660,332 post cards per year from...
Post Card Depot, an large retailer of post cards, orders 4,660,332 post cards per year from its manufacturer. Post Card Depot plans on ordering post card 23 times over the next year. Post Card Depot receives the same number of post cards each time it orders. The carrying cost is $0.09 per post card per year. The ordering cost is $362 per order. What is the annual total inventory management costs of post card inventory?
Post Card Depot, an large retailer of post cards, orders 7,955,726 post cards per year from...
Post Card Depot, an large retailer of post cards, orders 7,955,726 post cards per year from its manufacturer. Post Card Depot plans on ordering post card 24 times over the next year. Post Card Depot receives the same number of post cards each time it orders. The carrying cost is $0.26 per post card per year. The ordering cost is $396 per order. What is the annual total inventory management costs of post card inventory?
arraylist<Card> cards; hand(Card [ ] cards) creates a hand from the cards in the given array....
arraylist<Card> cards; hand(Card [ ] cards) creates a hand from the cards in the given array. issorted() return true if the elements of the cards are in sorted order. ----java---
. If 2 cards are selected from a standard deck of cards. The first card is...
. If 2 cards are selected from a standard deck of cards. The first card is not replaced in the deck before the second card is drawn. Find the following probabilities: a) P(2 Aces) b) P(Queen of hearts and a King) c) P(Q of Hearts and Q of hearts )
A hand contains 2 red cards and 3 black cards. A card is selected from the...
A hand contains 2 red cards and 3 black cards. A card is selected from the hand and set aside. Then another card is selected and put with the first card. Let X be the number of black cards drawn from the hand (i.e. set aside) during this process. Find Pr[X = 1].
Cards: Suppose you draw one card from a single deck of cards. (a) What is the...
Cards: Suppose you draw one card from a single deck of cards. (a) What is the probability that you draw an queen? Round your answer to 3 significant digits*. (b) What is the probability that you draw a heart? Round your answer to 3 significant digits*. (c) What is the probability that you draw the queen of hearts? Round your answer to 3 significant digits*. ............................................... *Significant Digits: Here are some probabilities expressed to 3 significant digits. You start counting...
Garden Depot is a retailer that is preparing its budget for the upcoming fiscal year. Management...
Garden Depot is a retailer that is preparing its budget for the upcoming fiscal year. Management has prepared the following summary of its budgeted cash flows: The company’s beginning cash balance for the upcoming fiscal year will be $20,000. The company requires a minimum cash balance of $10,000 and may borrow any amount needed from a local bank at a quarterly interest rate of 3%. The company may borrow any amount at the beginning of any quarter and may repay...
Garden Depot is a retailer that is preparing its budget for the upcoming fiscal year. Management...
Garden Depot is a retailer that is preparing its budget for the upcoming fiscal year. Management has prepared the following summary of its budgeted cash flows: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Total cash receipts $ 280,000 $ 400,000 $ 330,000 $ 350,000 Total cash disbursements $ 344,000 $ 314,000 $ 304,000 $ 324,000 The company’s beginning cash balance for the upcoming fiscal year will be $45,000. The company requires a minimum cash balance of $10,000 and may...
Garden Depot is a retailer that is preparing its budget for the upcoming fiscal year. Management...
Garden Depot is a retailer that is preparing its budget for the upcoming fiscal year. Management has prepared the following summary of its budgeted cash flows: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Total cash receipts $ 270,000 $ 420,000 $ 300,000 $ 320,000 Total cash disbursements $ 323,000 $ 293,000 $ 283,000 $ 303,000 The company’s beginning cash balance for the upcoming fiscal year will be $38,000. The company requires a minimum cash balance of $10,000 and may...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT