After calculating the EOQ and informing their supplier of their order amount, they are informed that the supplier is reluctant to break a case, that is, there are 10,000 swizzle sticks in a case and they must be ordered in multiples of that amount
Not wanting to understock, the krewe decides to round up to the next highest multiple of 10,000. What is the decrease in ordering cost if they order at this amount?
A) $36.75
B) $32.50
C) $41.93
D) $33.96
Answer: D
Business
You might also like to view...
A person receiving real property by a will is known as a devisee.
a. true b. false
Business
Why are prestige products often an exception to the law of demand?
A) The demand curve for prestige products slopes downward and to the right. B) Increasing the price of prestige products can make them seem more desirable. C) Demand for prestige products often is greater than supply. D) Prestige products such as diamonds, sapphires, and emeralds are nonrenewable resources. E) Customers are more aware of any price changes to prestige products.
Business