Nowlin Pipe & Steel has projected sales of 72,000 pipes this year, an ordering cost of $6 per order, and carrying costs of $240 per pipe
a What is the economic ordering quantity?
b How many orders will be placed during the year?
c What will the average inventory be?
The formula for calculatiing EOQ is SQRT ( 2 X Ordering Cost X Annual Usage)/Annual Holding Cost)
Putting in the figures we get
Ordering Cost Annual Holding Cost/Unit Annual Usage EOQ 6 24 72,000 600 The EOQ comes out to be 600
Since the total usage is 72,000 and the quantity per order is 300
The number of orders would be 72000/600= 120
The quantity per order is 600 and new order would be placed when this quantity becomes zero The inventory would vary between 600 and zero The average inventory would be (600+0)/2=300
What Makes Us Unique?
TheStudyPool.com is an essay writing service that helps High-school, college, University, Master’s and PhD students from distinct regions globally. Over the years, we have generated a wide range of assignments, in almost all fields. This has enhanced our ability to deliver high quality papers and outstanding work to such extents that we have retained most of our customers.
Experienced Academic Writers
TheStudyPool.com has invested in a highly selective hiring process that is unnatural and distinct from other companies. Additionally, our reward techniques and approaches are structured in ways that motivate our writers to give high quality work on all orders.
Our customers can freely place orders on revision on instances where they feel that something ought to be modified after the paper has been completed. However, we highly discourage our customers from misusing this policy.
At TheStudyPool.com, all papers, regardless of how URGENT, are completed within the deadline indicated by the client. At TheCoursehero.com, we encourage our writers to submit work ahead of the deadline indicated to give ample time for the client to go through the work.
All our papers are completed from scratch with strict adherence to the instructions provided by the clients. Customers can request for a plagiarism report at their own convenience.
24/7 Customer Support
You can simply get in touch with our customer support team via the chat window on the Bottom right corner or via the email: email@example.com.
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
Are you struggling with your academic work? Well, we are here to ensure that we complete the most daunting assignments/homework for you at affordable fee.
You can simply select the type of paper, which could be a research paper, essay, Coursework, Case study, among others. We understand that assignments and homework form an essential part of the learning curriculum. However, you might be held up at work, in family or other personal matters to an extent that you cannot complete a certain task yet it is mandatory for you to graduate. Simply click the place order button to get started.
Regardless of the institution you are joining, your admission essay form a major component. The admission essay is the initial thing that the admission board look at. Therefore, it is important to make a good first impression as this really counts. We are here to ensure that we generate an admission essay that will get you accepted and one which is completed on time.
Editing and Paraphrasing
At TheStudyPool.com, we understand that you might have completed your homework paper, but at the same time, you might be looking for professional writers to polish your work in terms of grammar, paraphrasing and plagiarism.
Are you experiencing the last minute rush? At TheStudyPool.com, we can complete a task in less than 4 hours. Simply click the place order button and enter the order instructions.