Multiple Choice
Miniature Company sells stuffed tigers.Birtal Inc.manufactures many different stuffed animals.Miniature orders 21,200 tigers per year,22 per week,at $10 per tiger.The manufacturer covers all shipping costs.Miniature earns 20% on its cash investments.The purchase-order lead time is 2 weeks.Miniature sells 320 tigers per week.The following data are available (based on management's estimates) :
What is the economic order quantity using the estimated amounts?
A) 698.3 stuffed tigers
B) 329.2 stuffed tigers
C) 232.8 stuffed tigers
D) 493.8 stuffed tigers
Correct Answer:
Verified
Correct Answer:
Verified
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