1) ABC Company sells 3,845 chairs a year at an average price per chair of $167. The carrying cost per unit is $37.98. The company orders 500 chairs at a time and has a fixed order cost of $64 per order. The chairs are sold out before they are restocked. What is the economic order quantity?
Enter your answer rounded off to two decimal points. Do not enter comma in the answer box. For example, if your answer is 12.345 then enter as 12.35 in the answer box.
2) In New York, you can exchange $1 for €0.8625 or £0.6572. Suppose that, in Berlin, £1 costs €1.2543. How much profit can you earn on $44,966 using triangle arbitrage?
Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box.