A certain type of computer costs RO 1000, and the annual holding cost is 20% of the value of the item. Annual demand is 12,000 units, and the order cost is RO 200 per order. What is the approximate economic order quantity? Round-up to the nearest integer Select one: O a. 155 O b. 142 O c.110 O d. None is correct O e. 123

A certain type of computer costs RO 1000, and the annual holding cost is 20% of the value of the item. Annual demand is 12,000 units, and the order cost is RO 200 per order. What is the approximate economic order quantity? Round-up to the nearest integer Select one: O a. 155 O b. 142 O c.110 O d. None is correct O e. 123

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

15/ Do not solve it in excel, please.

A certain type of computer costs RO 1000, and the annual holding cost is 20% of the value of the
item. Annual demand is 12,000 units, and the order cost is RO 200 per order. What is the
approximate economic order quantity? Round-up to the nearest integer
Select one:
O a. 155
O b. 142
O c. 110
O d. None is correct
e. 123

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