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FIU bookstore is attempting to determine the optimal order quantity for a popular book on English. The store sells 20,000 copies of this book a
FIU bookstore is attempting to determine the optimal order quantity for a popular book on English. The store sells 20,000 copies of this book a year at a retail price of $30.00, and the cost to the store is 20% less, which represents the discount from the publisher. The store figures it costs $2.00 per year to carry a book in inventory and $200 to prepare an order for the books. What is the economic order quantity? None of them \begin{tabular}{l} 2000 \\ \hline 2500 \\ \hline 4000 \\ \hline 1414 \\ \hline 3000 \\ 3333 \end{tabular} FIU bookstore is attempting to determine the optimal order quantity for a popular book on English. The store sells 20,000 copies of this book a year at a retail price of $30.00, and the cost to the store is 20% less, which represents the discount from the publisher. The store figures it costs $2.00 per year to carry a book in inventory and $200 to prepare an order for the books. What is the total inventory costs if the bookstore orders 5 times a year? \begin{tabular}{l} $1,000.00 \\ $2,000.00 \\ $10,400.00 \\ $4,000.00 \\ \hline \end{tabular} None of them $5,000.00
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