Answer the Following Questions Using the Information Below:
Short Grass

question 145

Multiple Choice

Answer the following questions using the information below:
Short Grass Incorporated is a distributor of golf balls. Martin's Golf Supplies is a local retail outlet which sells golf balls. Martin's purchases the golf balls from Short Grass Incorporated at $0.75 per ball; the golf balls are shipped in cartons of 72. Short Grass Incorporated pays all incoming freight, and Martin's Golf Supplies does not inspect the balls due to Short Grass' reputation for high quality. Annual demand is 155,520 golf balls at a rate of 2,991 balls per week. Martin's Golf Supplies earns 12% on its cash investments. The purchase-order lead time is one week. The following cost data are available:
$\begin{array} { l } \text { Relevant ordering costs per purchase order}&\$125.00 \\ \text {arrying costs per carton per year: }& \\ \text {Relevant insurance, materials handling, }& \\ \text {breakage, etc., per year }&\$0.77 \\\end{array}$

-What is the economic order quantity?

• A) 180 cartons
• B) 273 cartons
• C) 270 cartons
• D) 360 cartons

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Definitions:

Mathematical Function

A relation or expression involving one or more variables that produces a unique output for each set of inputs.

Single Constants

Literal fixed values represented in code, typically numerical or character constants not expected to change.

Returned Value

The outcome produced and provided back to the caller by a function upon its completion.

Function

A block of code organized in the program that performs a specific task when called.