Alpha retail store predicts an annual demand of 4800 kgs of a food product . It costs RO 100 to make and receive an order , and it takes 12 workdays to receive it . The annual holding cost is 15 % of purchase price . The price RO2 per kg . The company is operating 6 workdays per week in a 52 - week year . What is the expected time ( in days ) between orders ? Round - up to the nearest integer 1)190 2)117 3) 207 4) 185 5)None is correct
Alpha retail store predicts an annual demand of 4800 kgs of a food product . It costs RO 100 to make and receive an order , and it takes 12 workdays to receive it . The annual holding cost is 15 % of purchase price . The price RO2 per kg . The company is operating 6 workdays per week in a 52 - week year . What is the expected time ( in days ) between orders ? Round - up to the nearest integer 1)190 2)117 3) 207 4) 185 5)None is correct
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Alpha retail store predicts an annual demand of 4800 kgs of a food product . It costs RO 100 to make and receive an order , and it takes 12 workdays to receive it . The annual holding cost is 15 % of purchase price . The price RO2 per kg . The company is operating 6 workdays per week in a 52 - week year . What is the expected time ( in days ) between orders ? Round - up to the nearest integer
1)190
2)117
3) 207
4) 185
5)None is correct
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