Company sells 2391 chairs a year at an average price per


Company sells 2,391 chairs a year at an average price per chair of $170. The carrying cost per unit is $30.15. The company orders 499 chairs at a time and has a fixed order cost of $92 per order. The chairs are sold out before they are restocked. How many orders will company place if it follows the economic order quantity model?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Company sells 2391 chairs a year at an average price per
Reference No:- TGS01094764

Expected delivery within 24 Hours