Skousen buys tennis balls at P 25 per dozen from its wholesaler. Skousen will sell 35,000 dozens of tennis balls evenly throughout the year. Skousen desires a 12% percent return on investment (cost of capital) on its inventory investment. In addition, rent, insurance and related taxes for each dozen tennis balls in inventory amounts to P 0.50. The cost per order is P 8. Skousen uses a 350-day year. How often shall Skousen place the orders within a year? O Every 4 days O Every week O Every 6 days O Every 5 days

Skousen buys tennis balls at P 25 per dozen from its wholesaler. Skousen will sell 35,000 dozens of tennis balls evenly throughout the year. Skousen desires a 12% percent return on investment (cost of capital) on its inventory investment. In addition, rent, insurance and related taxes for each dozen tennis balls in inventory amounts to P 0.50. The cost per order is P 8. Skousen uses a 350-day year. How often shall Skousen place the orders within a year? O Every 4 days O Every week O Every 6 days O Every 5 days

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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