Multiple Choice
Answer the following question(s) using the information below:
Sandrington Ltd.operates a retail bicycle shop.Wheel covers are popular with customers.Sandrington purchases these covers for $48 per pair, and expects to sell 5,000 pairs per year.Ordering costs are estimated at $180 per order and relevant insurance handling etc.costs are estimated at $3.60 per month.The company has established a 14% annual return on investment.
-At the EOQ quantity, Sandrington's total annual relevant inventory costs would be:
A) $2,546
B) $3,557
C) $735
D) $4,310
E) $6,467
Correct Answer:
Verified
Correct Answer:
Verified
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