The manager of the Quick Stop Corner Convenience Store (which never closes) sells four cases of Stein beer each day.Order costs are $20.00 per order,and Stein beer costs $8.00 per six-pack (each case of Stein beer contains four six-packs) .Orders arrive three days from the time they are placed.Daily holding costs are equal to five percent of the cost of a Stein beer case. What is the economic order quantity for Stein beer?
A) 4 cases
B) 8 cases
C) 10 cases
D) 20 cases
E) 80 cases
Correct Answer:
Verified
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