You have been attending a small and medium-sized companies' trade conference where one of the topics was
Question:
Required:
(a) Calculate the EOQ for cutting tools for each company.
(b) Calculate the number of orders per year. Round up to the nearest unit.
Transcribed Image Text:
Quantity of tools sold each year Annual unit holding cost Cost of placing an order Alton West Industries Niagara Supplies Ltd. 5,000 $7.50 Ltd 12,000 $4.50 375.00 Ltd. 7,500 $6.75 $500.00 $425.00
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Related Book For
Financial Management for Decision Makers
ISBN: 978-0138011604
2nd Canadian edition
Authors: Peter Atrill, Paul Hurley
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