Calculate the Economic Ordering Quantity for Nashville Records Inc

question 36

Multiple Choice

Calculate the economic ordering quantity for Nashville Records Inc. ,given the following information:
Sales= 15,000 units per year
Sales price= $10 per unit
Purchase price= $5
Carrying cost= 0.25 times inventory value
Fixed cost per order= $1,000

• A) 3,464 units
• B) 4,899 units
• C) 346 units
• D) 490 units
• E) 1,549 units

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Definitions:

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are designated rooms equipped with computers that are intended for educational or research purposes, allowing multiple users to access technology resources and software.

Labor Demand Curve

A graphical representation showing the relationship between the quantity of labor demanded by firms and the wage rate.

Automobile Workers

Individuals employed in the automotive industry involved in the design, development, manufacturing, marketing, and selling of motor vehicles.

Opportunity Cost

The missing out on potential benefits from other options when selecting one path.