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Our home construction company buys nails in 15-pound boxes. We use an average of 1507 boxes a year. The vendor that makes the nails can produce 45 boxes per day while our usage is 17 boxes per day. It costs $2.70 to place the typical order. Annual carrying costs are $0.15 per box. What will be our average number of boxes on hand if we order the EOQ bags in each order?

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Financial Management, Finance

Category:- Financial Management
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