A local whole seller for Lipton tea estimates an annual demand of tea at 4200 kgs. It costs RO 10 to make and receive an order, and it takes 16 workdays to receive it. The annual holding cost is 15 % of purchase price. The price RO 1 per kg. The company is operating 6 days per week. What is the economic order quantity (EOQ) in kg? Round-up to the nearest integer- O a. None is correct O b. 749 Oc. 593 O d. 267 O e. 690

A local whole seller for Lipton tea estimates an annual demand of tea at 4200 kgs. It costs RO 10 to make and receive an order, and it takes 16 workdays to receive it. The annual holding cost is 15 % of purchase price. The price RO 1 per kg. The company is operating 6 days per week. What is the economic order quantity (EOQ) in kg? Round-up to the nearest integer- O a. None is correct O b. 749 Oc. 593 O d. 267 O e. 690

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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