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Use the information given below to calculate the most economic quantity to order each time for 2023 (expressed to next whole number). INFORMATION: Milton Wholesalers expects to sell approximately 3 600 cases of soap per month during 2023. Each case of soap costs R200. The cost of placing an order for soap is estimated to be R20. The inventory holding cost of one case of soap is 5% of the unit purchase price.

Use the information given below to calculate the most economic quantity to order each time for 2023 (expressed to next whole number). INFORMATION: Milton Wholesalers expects to sell approximately 3 600 cases of soap per month during 2023. Each case of soap costs R200. The cost of placing an order for soap is estimated to be R20. The inventory holding cost of one case of soap is 5% of the unit purchase price.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Use the information given below to calculate the most economic quantity to order each time for
2023 (expressed to next whole number).

INFORMATION:

Milton Wholesalers expects to sell approximately 3 600 cases of soap per month during 2023. Each case of
soap costs R200. The cost of placing an order for soap is estimated to be R20. The inventory holding cost
of one case of soap is 5% of the unit purchase price.

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