The ace paint store stocks paint in its warehouse. what, Ask an Expert

Management Studies

The Ace Paint Store stocks paint in its warehouse. Its vibrant yellow paint is very popular and its Annual Carrying Cost is $0.75 per gallon, placing an order for it costs $150.00 and you have forecasted an annual demand of 10,000 gallons.

Your manager has asked you the following questions: (Please indicate the answers for each one after calculating them on your scratch paper using the EOQ Model)

a) What is the optimal ordering size -EOQ - for this paint? (How many gallons in each order?)

b) What is the annual inventory cost for this color paint?

c) How many orders should we place in one year for this paint

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M9208167

Have any Question?Write your Review or question?

Related Questions in Business Management

Explain data information and knowledge with examples make

Explain data, information, and knowledge with examples. Make sure to clearly identify the differences between the terms.

In the value of paradigm in coaching vs discipline what

In the value of paradigm in coaching vs discipline, what value do you see coming from it? How would you groom and mold your supervisors to take on this type of paradigm?

Suppose our task is to distinguish between humans and

Suppose our task is to distinguish between humans and non-human objects in an image, which classifier would you choose and why? Decision trees, perceptrons or neural nets.

In recent years many organizations have become more

In recent years, many organizations have become more decentralized. Typically this change involves eliminating middle management jobs and sharing more control with those at lower levels of the organization. How do you th ...

Listed below is a total cost for a sample of eight

Listed below is a total cost for a sample of eight Caribbean weddings. $9,700 $9,400 $11,700 $9,000 $9,100 $10,500 $ 9,100 $9,800 At the 0.05 significance level, is it reasonable to conclude the mean wedding cost is less ...

Parmigiano-reggiano global recognition of geographical

Parmigiano-Reggiano: Global Recognition of Geographical Indications What historical factors have helped support the consortium's claims for the geographic specificity of Parmigiano-Reggiano and Parmesan? What are the eco ...

How can employees learn through interaction are some types

How can employees learn through interaction? Are some types of interaction best for learning in some situations but not others? Explain.

Can you please explain the following strategies overall

Can you please explain the following strategies: overall cost leadership, differentiation, and focus, and share an example of these strategies?

Business decision making assignment -assignment title - how

Business Decision Making Assignment - Assignment title - How is technological innovation and the evolution of multichannel shopping impacting on high street shops and malls? You will undertake primary and secondary resea ...

What is the purpose of using a diagnostic instrumentmodel

What is the purpose of using a diagnostic instrument/model to help manage change. Describe the key aspects that an instrument/model should effectively identify or outline in order to facilitate change.

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 Business Management Expert