Nowlin Pipe & Steel has projected sales of 84,000 pipes this year, an ordering cost of $3
Question:
Nowlin Pipe & Steel has projected sales of 84,000 pipes this year, an ordering cost of $3 per order, and carrying costs of $1.40 per pipe.
a. What is the economic ordering quantity?
b. How many orders will be placed during the year?
c. What will the average inventory be?
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a b 84000 units600 units 14...View the full answer
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Related Book For 
Foundations Of Financial Management
ISBN: 9781264097623
18th Edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
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