Costs and Revenues Question
Mollypod88
Registered Posts: 155 Beyond epic contributor 🧙♂️
Hi All,
My friend needs help answering the attached question and as I haven't done Costs and Revenues yet I have no idea!
Thank you!
Attachment not found.
My friend needs help answering the attached question and as I haven't done Costs and Revenues yet I have no idea!
Thank you!
Attachment not found.
0
Comments
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Hello Molly
Not sure exactely what they need help with as the answer is given.
Do they need an explanation of what EOQ is? Are they remembering to calculate the square root once they have completed the calculation.
Have you told your friend about this forum? Perhaps they could sign up and join in with other forum discussions?
JC~ An investment in knowledge always pays the best interest ~Benjamin Franklin0 -
The formula is correct.
The Square root of: 2 x the purchase cost (£3.60) x the annual stock amount (112,500) divided by the yearly holding cost per unit (£1.80) = 670.820 -
Just to further on what mark said in case you get confused, he put x purchase cost, this is the cost of makin an order such as delivery, admin etc and not the cost of the items, don't mean too patronise I just read it like that0
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Hi All,
Thanks for your help. Will show my friend tomorrow morning. She has her own account now so will point her in the right direction if she has any further questions :001_smile:0
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