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ABC Company sells 2,976 chairs a year at an average price per chair of $161. The...

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Finance

ABC Company sells 2,976 chairs a year at an average price perchair of $161. The carrying cost per unit is $15.22. The companyorders 500 chairs at a time and has a fixed order cost of $101 perorder. The chairs are sold out before they are restocked. What isthe economic order quantity?

Your friend from Netherlands is planning to visit you in theUnited States. You estimate the cost of her trip at $5,410. What isthe cost to her in euros if 1 Euro = $1.4001

You can exchange $1 for either C$1.2931 or ¥138.07. What is thecross rate between the Japanese yen and the Canadian dollar? Thatis, solve for ¥ per C$.

Answer & Explanation Solved by verified expert
3.8 Ratings (660 Votes)
Solution 1st economic order quantity 199 chair Working Notes economic order quantity EOQ SQRT2 Quantity Cost Per Order Carrying Cost Per unit Quantity Q 2976 units    See Answer
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Transcribed Image Text

ABC Company sells 2,976 chairs a year at an average price perchair of $161. The carrying cost per unit is $15.22. The companyorders 500 chairs at a time and has a fixed order cost of $101 perorder. The chairs are sold out before they are restocked. What isthe economic order quantity?Your friend from Netherlands is planning to visit you in theUnited States. You estimate the cost of her trip at $5,410. What isthe cost to her in euros if 1 Euro = $1.4001You can exchange $1 for either C$1.2931 or ¥138.07. What is thecross rate between the Japanese yen and the Canadian dollar? Thatis, solve for ¥ per C$.

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