Accounting

[kashauna1077]

The Greens Garden Center sells 90,000 bags of class fertilizer annually. The optimal safety stock (which is on hand initially) is 1,000 bags. Each bag costs the firm $1.50, inventory carrying costs are 20%, and the cost of placing an order with its supplier is $15.
a. what is the economic ordering quantity?
b. what is the maximum inventory of fertilizer?
c. what will be the firm's average inventory?
d. how often must the company order

[CheekyChops]

a. 2,500 bags
b. 5,987 bags
c, 9,463 bags
d. every 2 1/2 days

[factor-fiction]

Have you been to any lectures or read any books on this course?

[factor-fiction]

I'll give you a clue. The EOQ is 3000.
If you have a good go at working out parts b and c and publish it on here I'll check it and tell you the answer to d