(EOQ calculations) A downtown bookstore is trying to determine the optimal order quantity for a popular novel just printod in paperback The store foels that the book will sell at four times its hardback figures. It would, therefore, sell approximately 2,000 copies in the next year at a price of $1.50 The store buys the book at a wholesale figure of $1 Costs for carying the book are estimated at $0. 15 a copy per year, and it costs $10 to order more books a. Determine the E0Q b. What would be the total costs for ordering the books 1, 4, 5, 10, and 15 times a year? c. What questionable assumptions are being made by the E00 modol?

(EOQ calculations) A downtown bookstore is trying to determine the optimal order quantity for a popular novel just printod in paperback The store foels that the book will sell at four times its hardback figures. It would, therefore, sell approximately 2,000 copies in the next year at a price of $1.50 The store buys the book at a wholesale figure of $1 Costs for carying the book are estimated at $0. 15 a copy per year, and it costs $10 to order more books a. Determine the E0Q b. What would be the total costs for ordering the books 1, 4, 5, 10, and 15 times a year? c. What questionable assumptions are being made by the E00 modol?

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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