Atlantic Superstores is Researching the Best Way to Buy
December 9, 2020
Answer of Atlantic Superstores is Researching the Best Way to Buy for $2 Only (Instant Download)
4) Atlantic Superstores is researching the best way to buy and inventory its new line of Joe Fresh parkas. Information on the line of parkas is provided below. Annual quantity of parkas sold each year: 12,000 Cost of holding one parka in inventory for one year: $4.50 Cost of placing an order with the suppliers: $375.00 a) Calculate the EOQ for the line of parkas (3 Marks) b) Calculate the number of orders per year. Round up to the nearest whole number. (3 Marks)
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