Question: PROBLEM # 2 : Inventory Control The Everett Jewels Company sells watches. Annual demand for watches is 4 8 0 0 0 . The purchase

PROBLEM #2: Inventory Control
The Everett Jewels Company sells watches. Annual demand for watches is 48000. The purchase cost of a watch is $38.00. The annual inventory holding rate is 20% of the purchase cost. The cost of placing an order is $114.00. The lead-time is 4 days, and assume that there are 200 working days in the year. Round off numbers to the nearest integer, if necessary.
What is the Economic Order Quantity or EOQ?

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