Use the information given below to calculate the most economic quantity to order each time for 2023
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Question:
Use the information given below to calculate the most economic quantity to order each time for 2023 (expressed to next whole number).
INFORMATION
Milton Wholesalers expects to sell approximately 3 600 cases of soap per month during 2023. Each case of soap costs R200. The cost of placing an order for soap is estimated to be R20. The inventory holding cost of one case of soap is 5% of the unit purchase price.
Related Book For
Introduction To Corporate Finance
ISBN: 9781118300763
3rd Edition
Authors: Laurence Booth, Sean Cleary
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