Answer the following question(s) using the information below:
Owen-King Company sells optical equipment.Lens Company manufactures special glass lens.Owen-King Company orders 5,200 lens per year, 100 per week at $20 per lens.Lens Company covers all shipping costs.Owen-King Company earns 30% on its cash investments.The purchase order lead time is 2.5 weeks.Owen-King Company sells 125 lens per week.The following data is available:
-What is the reorder point for Owen-King Company?
Definitions:
Australian Dollars
The official currency of Australia, commonly used within its borders and in standard foreign exchange transactions.
U.S. Currency
The legal tender issued by the United States government, which includes banknotes and coins.
Foreign Currency
Money or legal tender issued by a country other than the home country of the entity holding it, used for global trade and investment.
British Pound
The currency of the United Kingdom, symbolized by £ and known officially as the pound sterling.
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