Answer the following question(s) using the information below:
Owen-King Company sells optical equipment.Lens Company manufactures special glass lens.Owen-King Company orders 5,200 lens per year, 100 per week at $20 per lens.Lens Company covers all shipping costs.Owen-King Company earns 30% on its cash investments.The purchase order lead time is 2.5 weeks.Owen-King Company sells 125 lens per week.The following data is available:
-What is the reorder point for Owen-King Company?
Definitions:
Federal Reserve
The central banking system of the United States, responsible for implementing monetary policy, supervising banks, and ensuring financial stability.
Money Supply
The sum of all money present in an economy at a given moment, which encompasses cash, coins, and the amounts in checking and savings accounts.
Currency
A system of money in general use in a particular country or in the international market for trade and finance.
Reserve Requirement
The minimum amount of reserves a bank must hold against deposits, as mandated by central banking authorities to ensure banking system stability.
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