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A Firm Estimates That Its Annual Carrying Cost for Material

question 122

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A firm estimates that its annual carrying cost for material X is $.30 per lb.If the firm requires 50,000 lbs.per year,and ordering costs are $100 per order,what is the EOQ (rounded to the nearest pound) ?

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Definitions:

Reagents

Substances or compounds used in chemical reactions to cause or analyze a chemical change.

Reaction

An action through which one or more starting materials, or reactants, are altered to yield one or more new substances, termed products.

Reagents

Components or substances employed in a system to provoke a chemical reaction or to determine if such a reaction happens.

Cyclohexanecarboxylic Acid

An aromatic carboxylic acid with a benzene ring substituted with a single carboxyl group (-COOH).

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