Question
ABC Company supplies plastic crockery to fast food
restaurants in metropolitan city. One of its products is a special bowl, disposable after initial use, for serving soups to its customers. Bowls are sold in pack 10 pieces at a price of Rs.50 per pack. The demand for plastic bowl has been forecasted at a fairly steady rate of 40,000 packs every year. The company purchases the bowl direct from manufacturer at Rs.40 per pack within a three days lead time. The ordering and related cost is Rs.8 per order. The storage cost is 10% per annum of average inventory investment. Calculate the EOQ.Solution
Economic Order Quantity EOQ = √ 2 x A x O / Ci = √ 2 x 40,000 packs x 8 / 40 x 10% = 400 packsÂ
Which State Government announced to set up of Rs 101 crore CM’s Sukhashraya Sahayata Kosh for the destitute in the state.Â
The Reserve Bank of India’s Regulatory Review Cell (RRC) will review regulations of banks and regulated entities once every:
In a historic moment, Narendra Modi unveiled the inaugural automobile in-plant railway siding at which company's subsidiary?
The ECO Mark Scheme is boeing administered by the Bureau of Indian Standards, instituted by the Government of India, and is designed for the labeling of...
Bob Simpson, who passed away at 89, was associated with which sport?
What was the value of foreign liabilities of Indian mutual fund schemes in FY25 according to RBI?
The Securities and Exchange Board of India (SEBI) has extended the timeline for implementation of linking SEBI Complaint Redressal (SCORES) with the onl...
Which of the following statements are correct regarding the eligibility criteria for maharatna companies?
1. It must be registered as a Navratna ...
Under which banks and non-banking financial companies provide credit up to Rs 10 lakh for entrepreneurial activities to small business units?
 What is the theme for International Nurses Day 2024?
