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Based on the information below, please answer the questions - You run a retail store that sells computer games (Trexiod) - You pay your supplier
Based on the information below, please answer the questions - You run a retail store that sells computer games (Trexiod) - You pay your supplier $20 per copy, regardless of how many copies you buy - Each day you sell 10 copies and the store is open 300 days per year; annual expected demand is 3,000 copies - It costs $50 each time an order is placed; inventory carrying cost is 15% of the item purchase cost annually - 10 days lead time for your supplier to get the shipment to you a. What is Economic Order Quantity (EOQ) given the information? EOQ= ) copies (Round up your answer to the next whole number) b. What is reorder point (ROP)? ROP= copies (Round up your answer to the next whole number) c. What is the Total Acquisition Costs (TAC) given the EOQ calculated above (use TAC = annual ordering cost + annual carrying cost)? TAC=$ ) (Round up your answer to the next whole number)
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