Our home construction company still buys nails in 15-pound boxes but now we use an average of 3495 boxes a year. Preparing an order and receiving a shipment of nails involves a cost of $1.45 per order. Annual carrying costs are $0.7 per bag. What will be their total cost of ordering and carrying the nails

Home Construction Company

Their total cost of ordering and carrying the nails is:

= $2,488.55.

Explanation:

a) Data and Calculations:

Cost of ordering and receiving a shipment of nails = $1.45 per order

Annual carrying costs per bag = $0.7

Annual average boxes = 3,495

EOQ = square root of (2 * 3,495 * $1.45)/$0.7

= square root of 120

Number of orders = 29 (3,495/120)

Ordering costs = $42.05 ($1.45 * 29)

Carrying costs = $2,446.50 ($0.7 * 3,495)

Total cost of ordering and carrying the nails = $2,488.55 ($42.05 + $2,446.50)

visit lady liberty

go to the supreme store

central park

times square

chinatown

empire state building

theres a lot to do in : )

it's actually a very difficult task, due to not many people can make 2 million dollars in 2 years. besides that, to the not-so-realistic ideas, you can create a business. it could be practically anything, but make it into a business that isn't that known yet, you get me? also, lets not forget about stock market. that's where all the good stuff happens. use investments at the beginning and begin to raise up your business or whatever you're going to do. as this is a very non-realistic idea, it's still worth the shot!