Annual demand for a product is 40,000 units.The product is used at a constant rate over the 365 days the company is open every year.The annual holding cost for the product is estimated to be $2.50 per unit and the cost of placing each order is $125.00.If the company orders according to the economic order quantity (EOQ) formula,then ________ orders are placed annually.
A) 5
B) 10
C) 15
D) 20
Correct Answer:
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Q68: Annual demand for a product is 40,000
Q69: The quantity discount model considers
A)purchase price.
B)carrying cost.
C)ordering
Q70: Annual demand for a product is 40,000
Q71: Annual demand for a product is 40,000
Q72: What is the economic order quantity?
A)100
B)115.47
C)200
D)500
Q74: From a supplier perspective,the purpose of a
Q75: What is the annual purchase cost using
Q76: What is the carrying cost using the
Q77: What is the optimal order quantity?
A)100
B)115.47
C)200
D)500
Q78: What is the inventory ordering cost using
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