Question
XYZ is a retailer and sells 175,000 units per year. It purchases from a single supplier. Fixed costs per order are $881 and carrying cost
XYZ is a retailer and sells 175,000 units per year. It purchases from a single supplier. Fixed costs per order are $881 and carrying cost is $6 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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Foundations Of Financial Management
Authors: Stanley B Block, Geoffrey A Hirt
12th Edition
0073295817, 9780073295817
