Question
Cheeseburger and Taco Company purchases 11,954 boxes of cheese each year. It costs $15 to place and ship each order and $3.50 per year for
Cheeseburger and Taco Company purchases 11,954 boxes of cheese each year. It costs $15 to place and ship each order and $3.50 per year for each box held as inventory. The company is using Economic Order Quantity model in placing the orders.
What is the average inventory held during the year?
Round the answer to the whole number
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Economics
Authors: R. Glenn Hubbard
6th edition
978-0134797731, 134797736, 978-0134106243
