Question
XYZ is a retailer and sells 164,000 units per year. It purchases from a single supplier. Fixed costs per order are $931 and carrying cost
XYZ is a retailer and sells 164,000 units per year. It purchases from a single supplier. Fixed costs per order are $931 and carrying cost is $13 per unit. How many units should XYZ purchase per order? That is, what is the Economic Order Quantity?
Enter your answer rounded off to two decimal points. Margin for error: +/- 1
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Banking And Finance
Authors: Brian Duignan
1st Edition
1615308946, 978-1615308941
