Question midwest tires has expected sales of 12000 tires, Ask an Expert

Finance

Question: Midwest Tires has expected sales of 12,000 tires this year, an ordering cost of $6 per order, and carrying costs of $1.60 per tire.

a. What is the economic ordering quantity?

b. How many orders will be placed during the year?

c. What will the average inventory be?

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Category:- Basic Finance
Reference No.:- M92596281

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