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Compute for Michaela Bag economic order quantity.

Compute for Michaela Bag economic order quantity.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Michaela Bag, engaged in reselling school bags is having problems when it comes to managing its inventory quantities. Most of the time, Michaela Bag would run out of bags because she would order too few quantities. Their annual requirement, as forecasted by its proprietress, is 24,000 bags. The costs associated with carrying every unit of school bag would be ₱7. It is estimated that each order from her supplier will cost ₱300. Compute for Michaela Bag economic order quantity.
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