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A particular raw material is available to a company at three different prices, depending on the size of the order
Less than 100 pounds $ 25 per pound
100 pounds to 2,999 pounds $ 24 per pound
3,000 pounds or more $ 23 per pound
The cost to place an order is $60. Annual demand is 3,100 units. Holding (or carrying) cost is 20 percent of the material price.
What is the economic order quantity to buy each time, and its total cost? (Round your answers to the nearest whole number.)
Economic order quantity _____ pounds
Total cost $ _______
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resources scenario provided by facilitator in week three and week three learning team assignmentcreate a 5- to 7-slide
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The owner of a large machine shop has just finished its financial analysis from the prior fiscal year. Following is an excerpt from the financial report: Compute the inventory turnover ratio
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Sociology majors or business majors? Are some nationalities/cultural groups/personality types more likely to lie and cheat in negotiations?
In February, Wally Wade, owner of Bama Fan Supplies, Inc., must place an order with Nike for the new Alabama football shirts for the coming season. The long lead time is required for the contract manufacturers in Asia to order the necessary materials..
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