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XYZ is a retailer and sells 127,000 units per year. It purchases from a single supplier. Fixed cost per order is $827 and carrying cost
XYZ is a retailer and sells 127,000 units per year. It purchases from a single supplier. Fixed cost per order is $827 and carrying cost is $15 per unit. Suppose XYZ orders 7,000 units per order from the supplier. Calculate the sum of carrying cost and the shortage cost. Enter your answer rounded to the nearest integer. Margin for error: +/- 1
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Money, Banking, Financial Markets & Institutions
Authors: Michael Brandl
2nd Edition
1337904821, 9781337904827
