The garden center sells 90000 bags of fertilizer annually, Ask an Expert

Finance

The Garden Center sells 90,000 bags of fertilizer annually. The optimal safety stock (initially) is 1,000 bags. Each bag costs the firm $1.50, inventory carrying costs are 20%, and the cost of placing the order with its supplier is $15.

a) What is the economic ordering quantity? ?

b) What is the maximum inventory of ferilizer?

c) What will be firm's average inventory?

d) How often must the company order?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91795273

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