Use This Information Below to Calculate the Optimal Order Quantity

question 34

Multiple Choice

Use this information below to calculate the optimal order quantity:
Annual demand for backpacks is 43,000 units
The cost to place an order is $220
The per unit cost of the item is $60.00
The annual holding rate is 37.5%
Choose the closest answer.

• A)920 units
• B)250 units
• C)710 units
• D)830 units

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Definitions:

Years Old

The length of time that an individual has lived or a thing has existed, typically expressed in years since birth or creation.

Emergent Literacy

Knowledge, skills, and attitudes that provide the building blocks for learning to read and write.

Building Blocks

Fundamental components or elements that serve as the foundation for constructing or understanding more complex structures or concepts.

Read and Write

Basic literacy skills allowing individuals to decode text to retrieve information and communicate ideas through writing.