Osprey sports stocks everything that a musky fisherman, Ask an Expert

Accounting

Osprey Sports stocks everything that a musky fisherman could want in the Great North Woods. A particular musky lure has been very popular with local fishermen as well as those who buy lures on the Internet from Osprey Sports. The cost to place orders with the supplier is 530/order; the demand averages 4 lures per day. with a standard deviation of I lure; and the inventory holding cost is $1.00/lure/year. The lead time form the supplier is 10 days, with a standard deviation of 3 days. It is important to maintain a 97 percent cycle-service level to properly balance service with inventory holding costs. Osprey Sports is open 350 days a year to allow the owners the opportunity to fish for muskies during the prime season. The owners want to use a continuous review inventory system for this item.

a What order quantity should be used?

b. What reorder point should be used?

c. What is the total annual cost for this inventory system?

View complete question

Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91751285

Have any Question?Write your Review or question?

Related Questions in Accounting Basics

Question - the following information pertains to hagen

Question - The following information pertains to Hagen Metal Work's ending inventory for the current year: Item Quantity Unit Cost Unit Market Value C 90 $24 $16 D 75 22 20 K 40 25 28 M 22 15 17 Required - a. Determine ...

Question -what are the factors that affect the decision to

Question - What are the factors that affect the decision to prosecute an entity? How can computers and technology help in investigating a fraud? What kinds of challenges can the involvement of technology present to a cas ...

Question - retained earnings had a balance on january 1

Question - Retained Earnings had a balance on January 1, 2017, and December 31, 2017, respectively, of $234,500 and $411,000. Net income for the year was $199,500 and the only other event affecting Retained Earnings was ...

Question - calculate social security taxes medicare taxes

Question - Calculate Social Security taxes, Medicare taxes and FIT for Jordon Barrett. He earns a monthly salary of $11,900. He is single and claims 1 deduction. Before this payroll, Barrett's cumulative earnings were $1 ...

Question in this assignment you will write an executive

Question: In this assignment, you will write an executive summary analyzing the exchange risks, country risks, and political risks the company executive team needs to be aware of in building a manufacturing facility in B ...

Question - beyer company is considering the purchase of an

Question - Beyer Company is considering the purchase of an asset for $180,000. It is expected to produce the following net cash flows. The cash flows occur evenly within each year. Assume that Beyer requires a 9% return ...

Assignment 1 personal assessment of strengthsto prepare for

Assignment 1: Personal Assessment of Strengths To prepare for this assignment, make sure to complete the Strengths Finder quiz located in the back of your book. This will take approximately 30 to 45 minutes. Click here f ...

Question if the per worker production function is given by

Question: If the per worker production function is given by y=k^1/2, the population growth rate is n= .04, and the depreciation is .01. a. The golden rule level of capital and output per worker is: b. What is the saving ...

Question 1 use the information to complete the 1120s tax

Question: 1. Use the information to complete the 1120S Tax Form. Once you have completed the form, prepare a 250-500-word summary in which you evaluate how various organizational legal forms (LLC, sole proprietorship, C- ...

Question - murphy self storage purchased land paying 175000

Question - Murphy Self Storage purchased land, paying $175,000 cash as a down payment and signing a $150,000 note payable for the balance. Murphy also had to pay delinquent property tax of $3,500, title insurance costing ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Accounting Basics Expert