Answer the Following Question(s)using the Information Below

question 46

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:

-Purchasing at the EOQ recommended level, what are the relevant total costs?

• A)$1,500.00
• B)$2,085.67
• C)$2,225.00
• D)$3,000.00
• E)$680.00

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Definitions:

Bar Exam

A professional examination required to practice law in a specific jurisdiction.

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A provision in a contract or agreement which stipulates that certain actions must be performed or certain events must occur before the contract is fully effective.

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An offer to perform an obligation or a formal offer, especially in the context of a bid for a project or to fulfill contractual requirements.