Champions Inc. is consuming cash at a rate of $1000 per day, each day of the year.  Each time they sell securities for cash it costs them $50.  The interest rate is 5%.  According to the EOQ model, approximately how much cash should they obtain each time they sell securities?

Answer rating: 100% (QA)

The EOQ Economic Order Quantity model is used to determine the optimal order quantity of inventory t... View the full answer