16. A company orders 6,225 units per order. Each unit costs £8 to purchase and the cost of holding one unit for one year is 5% of the purchase price. The cost of placing each order is £240 and annual demand is 30,000 units. The economic order quantity (EOQ) is? a) 6,000 units b) 4,360 units c) 5,450 units d) 8,486 units

16. A company orders 6,225 units per order. Each unit costs £8 to purchase and the cost of holding one unit for one year is 5% of the purchase price. The cost of placing each order is £240 and annual demand is 30,000 units. The economic order quantity (EOQ) is? a) 6,000 units b) 4,360 units c) 5,450 units d) 8,486 units

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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