Answer the Following Question(s) Using the Information Below

question 26

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.
-Sandrington Ltd. operates a retail bicycle shop. Wheel covers are popular with customers. Sandrington purchases these covers for $48 (per pair) and expects to sell 5,000 pairs per year. Ordering costs are estimated at $180 per order and relevant insurance handling etc. costs are estimated at $0.30 per month. The company has established a 14% annual return on investment. At the EOQ quantity, Sandrington's total relevant inventory costs would be:

• A) $2,546
• B) $3,557
• C) $735
• D) $4,310
• E) $6,467

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Definitions:

Altering Attitudes

The process of changing personal beliefs, feelings, or behaviors towards a particular object, person, or situation.

Qualitative Methods

Research methods that collect non-numerical data to understand concepts, thoughts, or experiences through methods like interviews, observations, and text analysis.

Systematically Count

The methodical and organized enumeration of items, individuals, or data points to ensure accuracy and reliability.

Sexism

Prejudice or discrimination based on a person's sex or gender, often favoring one gender over the other.