Tool Mart sells 1,400 electronic water pumps every year. These pumps cost $54.30 each. If annual inventory carrying costs are 12% and the cost of placing an order is $90, what is the optimal ordering frequency?
A) 37 days
B) 32 days
C) 40 days
D) 51 days
Correct Answer:
Verified
Q43: Technico manufactures about 800,000 solar calculators per
Q44: Cycles de Oro produces 120,000 high-tek bikes
Q45: RCMP has annual credit sales of $37
Q46: Accounts receivable consists of the credit of
Q47: What is the optimal length of one
Q49: Haulsee Inc. builds 800,000 golf carts a
Q50: If a lawn mower assembly plant orders
Q51: Tool Mart sells 1,400 electronic water pumps
Q52: Wallace Company sells $73 million of its
Q53: Bluegrass Distilleries, Inc. refuses to extend credit
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents