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Author Question: The optimal ordering quantity for a company is 350. If the carrying cost per item is $2.50 and the ... (Read 167 times)

imanialler

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Question 1

The minimum level of inventory a firm keeps on hand.
◦ EOQ
◦ Safety Stock
◦ Reorder Point
◦ Optimum Inventory Level

Question 2

The optimal ordering quantity for a company is 350. If the carrying cost per item is $2.50 and the cost per order is $18, what is the number of total sales expected for the year?
◦ 7,516
◦ 5,314
◦ 10,305
◦ 8,507
◦ 6,924


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Marked as best answer by imanialler on Apr 25, 2021

tmlewis4706

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imanialler

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Reply 2 on: Apr 25, 2021
Excellent


cpetit11

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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