Answer the following questions using the information below:
The following information applies to Labs Plus, which supplies microscopes to laboratories throughout the country. Labs Plus purchases the microscopes from a manufacturer which has a reputation for very high quality in its manufacturing operation.
-What is the economic order quantity assuming each order was made at the economic-order-quantity amount?
Definitions:
Wharfage
A fee charged for the use of a wharf for loading or unloading cargo, or for the temporary storage of goods on the wharf area.
Sell-Off
Transaction in which assets are sold by one firm to another.
Commercial Paper
An unsecured, short-term debt instrument issued by corporations, typically used for the financing of accounts receivable, inventories, and meeting short-term liabilities.
Discount Size
Pertains to the magnitude or amount of reduction in price offered on goods or services, often used as a sales promotion technique to increase consumer demand or clear inventory.
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