Miniature Company sells stuffed tigers. Birtal Inc. manufactures many different stuffed animals. Miniature orders 21,200 tigers per year, 22 per week, at $10 per tiger. The manufacturer covers all shipping costs. Miniature earns 20% on its cash investments. The purchase-order lead time is 2 weeks. Miniature sells 320 tigers per week. The following data are available (based on management's estimates) :
What is the economic order quantity using the estimated amounts?
Definitions:
Agricultural Societies
Communities or societies that rely on agriculture as the main means of subsistence, with a significant portion of the population engaged in farming, livestock rearing, or other agricultural activities.
Lower Guinea
A geographical term referring to the coastal regions of West Africa, south of the Sahara Desert, known for its role in the transatlantic slave trade.
Decentralized Political
Characterizes a system where political power is distributed among various levels of government, rather than being concentrated in a central authority.
Strong Devotion
Intense loyalty or commitment to a cause, person, or belief, often surpassing ordinary expectations.
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