Newcastle Company Has Determined the Following Costs Are Associated with One

question 4

Multiple Choice

Newcastle Company has determined the following costs are associated with one of its products. $E = E$ conomic order quantity (EOQ)
$\mathrm { Q } =$ Annual quantity used in units $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ 3000
$P =$ Cost of placing one order ( $( £ )$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ 10
$C = A$ nnual cost of carrying one unit in stock (£) $\quad$ 0.8
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If the cost of placing an order is increased to £15 the economic order quantity (EOQ) is

• A)335 units.
• B)305 units.
• C)310 units.
• D)250 units.

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Definitions:

Economic Duress

A situation where a party is induced to enter into a contract or agreement under unlawful pressure involving threats to their economic stability.

Amended Contract

A contract that has been modified or changed after its original execution, usually involving additional agreements or alterations to existing terms.

Breach

Violation of a law, duty, agreement, or trust.

Small Claims Court

A legal venue that handles minor civil disputes and claims typically involving small sums of money, offering a quicker and less complicated process than higher courts.