Business, 31.07.2021 21:40 tbggheemoney

The soft goods department of a large department store sells 175 units per month of a certain large bath towel. The unit cost of a a towel to the store is $2.50 and the cost of placing an order has been estimated to the $12.00. The store uses an inventory carrying charge of 27% of acquisition cost per year. (I) determine the optimal order quantity (ii) determine the number of order per year (iii) compute the total annual cost if order at optimal quantity (iv) determine maximum inventory (v) what is the reorder point if the department operates 25 days per month and it will take 2 days to receive entire order from supplier.

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