Answer the Following Question(s)using the Information Below

question 146

Multiple Choice

Answer the following question(s) using the information below:
Garry's Golf Supplies is a local retail outlet which sells golf balls.Garry's purchases the golf balls from Green Grass Incorporated at $0.75 per ball; the golf balls are shipped in cartons of 72, FOB destination.Annual demand is 172,800 golf balls at a rate of 3,322 balls per week.Garry's Golf Supplies earns 12% on its cash investments.The purchase order lead time is one week.The following cost data are available:

-What is the economic order quantity for Garry's golf ball purchases?

• A)200 cartons
• B)288 cartons
• C)300 cartons
• D)883 cartons
• E)218 cartons

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Definitions:

IQR

The Interquartile Range, which measures the spread of the middle 50% of a data set.

Range

The difference between the highest and lowest scores in a set of data.

Median

The middle value in a dataset, dividing it into two equal parts when the data is arranged in ascending or descending order.

Median

The middle value in a data set, which separates the higher half from the lower half.