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In: Accounting

Lindsay Electronics, a small manufacturer of electronic research equipment, has approximately 6,800 items in its inventory and has hired Joan Blasco-Paul to manage its inventory.

Lindsay Electronics, a small manufacturer of electronic research equipment, has approximately 6,800 items in its inventory and has hired Joan Blasco-Paul to manage its inventory. Joan has determined that 8% of the items in inventory are A items, 40% are B items, and 52% are C items. She would like to set up a system in which all A items are counted monthly (every 22 working days), all B items are counted quarterly (every 62 working days), and all C items are counted semiannually (every 118 working days). How many items need to be counted each day? 

The total number of items that need to be counted each day is _______  items (round your response to the nearest whole number).

Solutions

Expert Solution

Lindsay Electronics, has approximately 6,800 items in its inventory and has hired Joan Blasco-Paul to manage its inventory.

Joan has determined that :-

A Items = Items in inventory × 8%

= 6,800 items × 8%

= 544

Items counted each day in Item A = 544 ÷ 22 working

= 24.73 items

B Items = Items in inventory × 40%

= 6,800 × 40%

=2,720

Items counted each day in Item B = 2,720 ÷ 62 working days

= 43.87 items

C Items = Items in inventory × 52%

= 6,800 × 52%

= 3,536

Items counted each day in Item C = 3,536 ÷ 118 working days

= 29.97 items

The total number of items that needs to be counted each day = ( 24.73 + 43.87 + 29.97 )

The total number of items that need to be counted each day = 99 items.

ekkarill92 answered 2 years ago
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