Question
Cheeseburger and Taco Company purchases 16,065 boxes of cheese each year. It costs $21 to place and ship each order and $8.75 per year for
Cheeseburger and Taco Company purchases 16,065 boxes of cheese each year. It costs $21 to place and ship each order and $8.75 per year for each box held as inventory. The company is using Economic Order Quantity model in placing the orders.
What is the annual ordering cost of cheese inventory.
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
11th edition
324422870, 324422873, 978-0324302691
