Carrefour estimates an annual demand of a grocery product at 4800 kgs. It costs RO 100 to make and receive an order, and it takes 15 workdays to receive it. The annual holding cost is 15% of purchase price. The price RO 2 per kg. The company is operating 6 workdays per week in a 52-weel year. At what level of inventory in Kgs should the company be placing orders? Round-up to the nearest integer a. 188 O b. 277 O c. 247 O d. 231 e. None is correct

Carrefour estimates an annual demand of a grocery product at 4800 kgs. It costs RO 100 to make and receive an order, and it takes 15 workdays to receive it. The annual holding cost is 15% of purchase price. The price RO 2 per kg. The company is operating 6 workdays per week in a 52-weel year. At what level of inventory in Kgs should the company be placing orders? Round-up to the nearest integer a. 188 O b. 277 O c. 247 O d. 231 e. None is correct

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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