Question: round all calculations to 6 decimals, round final answer to 6 decimals. ANSWER AND CALCULATIONS MUST USE 6 DECIMAL PLACES. A jewelry firm buys semiprecious
round all calculations to 6 decimals, round final answer to 6 decimals. ANSWER AND CALCULATIONS MUST USE 6 DECIMAL PLACES.
A jewelry firm buys semiprecious stones to make bracelets and rings. The supplier charges $44 per stone, annual carrying costs are 28%, and the cost of processing orders is $22. The jewelry firm operates 250 days per year and their usage rate is 43 stones per day. What is the best order batch size for semi-precious stones
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