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Appliances for Less is a local appliance store. It costs this store $20.98 per unit annually for storage, insurance and so forth to hold microwaves in its inventory. Sales this year are anticpated to be 378. each order costs $76. The company is using the Economic Order Quanity model in placing the orders. If the store insists on 6-day safety stock (assume 365 days a year), what is the average inventory including safety stock?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92062523

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