Demand for the School Cycle at Hero Cycles is 1000 units per month. It incurs a fixed order placement, transportation, and receiving cost of Rs. 5,000 each time an order is placed. Each cycle costs Rs. 1000 and the retailer has a holding cost of 20 percent. Evaluate the number of cycles that the store manager should order in each replenishment lot? Describe the stock levels formulae also along with a diagram.
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On 4th Jan. A discounted the bill at 15% p.a. and remitted half the proceeds to B. On 1st Feb., 2020, B drew and A accepted a bill at four ...
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