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Waffle House, a famous southern restaurant chain, expects to sell approximately 365,000 waffles next year. The annual carrying cost is $1.50 per waffle, and the
Waffle House, a famous southern restaurant chain, expects to sell approximately 365,000 waffles next year. The annual carrying cost is $1.50 per waffle, and the ordering cost is $30. The restaurant operates 365 days a year. a. What is the EOQ? b. How many orders per year are expected? c. What is the expected time between orders? d. What is the total annual cost if the EOQ quantity is ordered
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Lessons In Corporate Finance
Authors: Paul Asquith, Lawrence A. Weiss
2nd Edition
1119537835, 978-1119537830
