Question: Please answer the subparts (EOQ calculations) A downtown bookstore is trying to determine the optimal order quantity for a popular novel just printed in paperback.


Please answer the subparts
(EOQ calculations) A downtown bookstore is trying to determine the optimal order quantity for a popular novel just printed in paperback. The store feels that the book will sell at four times its hardback figures. It would, therefore, se approximately 4 000 copies in he next year at a price o $ 0. The store buys the book at a wholesale figure o $1. Costs or car the book are estimated at 0 10 aco per year, and it o s ? order more books. a. Determine the EOQ. b. What would be the total costs for ordering the books 1,4, 5, 10, and 15 times a year? c. What questionable assumptions are being made by the EOQ model? a. What is the economic order quantity (EOQ)? copies (Round to the nearest whole number.) b. What would be the total costs for ordering the books one time a year? (Round to the nearest dollar.) (Round to the nearest dollar.) (Round to the nearest dollar.) What would be the total costs for ordering the books four times a year? What would be the total costs for ordering the books five times a year? What would be the total costs for ordering the books 10 times a year? $(Round to the nearest dollar.) What would be the total costs for ordering the books 15 times a yea? (Round to the nearest dollar.)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
