Exhibit 23.2 Cartwright Computing Expects to Order 126,000 Memory Chips for Inventory

question 12

Multiple Choice

Exhibit 23.2
Cartwright Computing expects to order 126,000 memory chips for inventory during the coming year, and it will use this inventory at a constant rate. Fixed ordering costs are $200 per order; the purchase price per chip is $25; and the firm's inventory carrying costs is equal to 20 percent of the purchase price. (Assume a 360-day year.)
-Refer to Exhibit 23.2.What is the economic ordering quantity for chips?

• A)12,088
• B)3,175
• C)6,243
• D)13,675
• E)8,124

Interpret market scenarios to determine the directional change in equilibrium price and quantity given shifts in supply and demand.

Distinguish between the short-term and long-term impacts of market changes on price and quantity.

Evaluate the effects of government policies and global events on market equilibrium.

Identify the unique characteristics and outcomes of perfectly competitive markets.

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Definitions:

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A data collection method using internet-based questionnaires to gather information from respondents.

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The capability to obtain or use resources, services, or information without delay.

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Methods of data collection involving questionnaires or interviews to gather information from a group of people.