Solved: Cheeseburger and taco company purchases 8214 boxes of, Finance Basics

Cheeseburger and taco company purchases 8214 boxes of

Finance: EOQ, Average Inventory

Question

Cheeseburger and Taco Company purchases 8,214 boxes of cheese each year. It costs $20 to place and ship each order and $4.77 per year for each box held as inventory. The company is using Economic Order Quantity model in placing the orders.

What is the average inventory held during the year?

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Finance Basics: Cheeseburger and taco company purchases 8214 boxes of

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Finance Basics: Cheeseburger and taco company purchases 8214 boxes of

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