Use the Information Below to Answer the Following Question(s)

question 37

Multiple Choice

Use the information below to answer the following question(s) .Office Supply House purchases 4,160 reams of paper per year, ordered in lots of 80 reams per week at $150 per ream.The vendor covers all shipping costs.Office Supply House is not required to inspect the shipment upon entry.Office Supply House earns 20% on its cash investments.The purchase order lead time is two weeks.The following cost data are available:

-What is the economic order quantity?

• A)324 reams
• B)235 reams
• C)114 reams
• D)100 reams
• E)110 reams

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Definitions:

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An American economist who served as the Chairman of the Federal Reserve, the central banking system of the United States, from 2006 to 2014.