Answer the Following Question(s)using the Information Below

question 111

Multiple Choice

Answer the following question(s) using the information below:
The Wood Furniture Company produces a specialty wood furniture product, and has the following information available concerning its inventory items:
Annual demand is 10,000 packages per year.The purchase price per package is $16.
-Wilson's Deli can predict with virtual certainty the demand for its products.Wilson's sells 20 hams per week.Purchase order lead time is 2 weeks and the economic order quantity is 50 hams.What is the reorder point?

• A)20 hams
• B)30 hams
• C)40 hams
• D)50 hams
• E)100 hams

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Definitions:

College Students

Individuals enrolled in an institution of higher education, pursuing undergraduate, postgraduate, or various diploma courses.

Polyandry

A form of marriage in which a woman is married to two or more men at the same time.

Polygyny

A type of matrimonial arrangement where a man can concurrently have multiple wives.

Polygamy

A marital practice in which an individual has more than one spouse simultaneously, recognized in some cultures and religions.