Kurt's Kitchen orders 1,000 packages of ketchup per month to meet customer demand. Kurt used all of

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Kurt's Kitchen orders 1,000 packages of ketchup per month to meet customer demand. Kurt used all of the ketchup packages in the given month. The ketchup ordering cost is \($50\) per order, while the ketchup carrying cost is \($0.02\) per package. Kurt wonders if he can optimize the number of orders of ketchup he places in a given year. The EOQ for ketchup is

a. 7,746

b. 2,236

c. 480

d. 155

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Accounting For Managers Interpreting Accounting Information For Decision Making

ISBN: 9781118037966

1st Canadian Edition

Authors: Paul M. Collier, Sandy M. Kizan, Eckhard Schumann

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