**Inventory Management Problem: Calculating Orders for Saché, Incorporated****Scenario:**Saché, Incorporated, anticipates selling 1,820 designer suits each week. The retail outlet operates daily, maintaining consistent suit sales throughout the week. The company’s Economic Order Quantity (EOQ) is 1,400 suits, with a safety stock of 260 suits. After placing an order, it takes the company three days to receive the suits.**Objective:**Determine the number of orders the company places annually. *Note: Do not round intermediate calculations and round your answer to two decimal places (e.g., 32.16).***Calculation Box:**- Orders per year [ ]**Ordering Schedule:**Assume it is Monday morning before the store opens, and a new shipment of suits has arrived. Identify the day Saché should place its subsequent order:- [ ] Monday- [ ] Tuesday- [x] Wednesday- [ ] Thursday- [ ] FridayThis activity focuses on applying inventory management principles to optimize ordering schedules and quantities.

Ordering cost is the fee charged every time an order is placed. It comprises administrative and…

Saché, Incorporated, expects to sell 1,820 of its designer suits every week. The store open seven days a week and expects to sell the same number of suits every day. T company has an EOQ of 1,400 suits and a safety stock of 260 suits. Once an order placed, it takes three days for Saché to get the suits in. How many orders does the company place per year? (Do not round intermedia calculations and round your answer to 2 decimal places o 3316)

Saché, Incorporated, expects to sell 1,820 of its designer suits every week. The store open seven days a week and expects to sell the same number of suits every day. T company has an EOQ of 1,400 suits and a safety stock of 260 suits. Once an order placed, it takes three days for Saché to get the suits in. How many orders does the company place per year? (Do not round intermedia calculations and round your answer to 2 decimal places o 3316)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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