Answer the Following Questions Using the Information Below:
the Katoomba

question 6

Multiple Choice

Answer the following questions using the information below:
The Katoomba Furniture company produces a specialty dining table,and has the following information available concerning its inventory items:
$\begin{array}{ll}\text { Relevant ordering costs per purchase order } & \$ 250 \\\text { Relevant carrying costs per year: } & \\\text { Required annual return on investment } & 10 \% \\\text { Required other costs per year } & \$ 14.00\end{array}$
Annual demand is 1000 tables per year.The purchase price per table is $1600.
-What are the relevant total costs at the economic order quantity (EOQ) ?

• A)$3500
• B)$1000
• C)$9328
• D)$1500

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Definitions:

Unstable Work Opportunities

Employment situations that are irregular, unpredictable, and precarious, often without long-term security or benefits.

Hourly Wages

The rate of pay employees receive for one hour of work.

Market Equilibrium

A state in a market where supply equals demand, resulting in stable prices and no tendency for change until external factors impose it.

Market Wage Rate

The prevailing pay rate for a specific job in a specific market or industry, determined by supply and demand.