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A retailer knows the annual demand for one of its product is 100,000 units, the ordering costs are £25 per order and the average carrying cost per unit is 35 pence. You are required to:
1. Determine the Economic Order Quantity given the data above.
2. Produce sensitivity analysis assuming a change of up to 10% up or down on each of the factors individually and on all factors simultaneously.
3. Make a final recommendation to the board of the company, as to the number of units it should include in each order.
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If fixed costs are $200,000 and the unit contribution margin is $20, what amount of units must be sold in order to have a zero profit?
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Beginning inventory on March 1 consisted of 2,000 units each costing $11.20. During March, the following was purchased for inventory: Date Purchase
distinguish between bin card and store ledgre
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