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QUESTION
ABC Company sells 3,600 chairs a year at an average price per chair of $182. The carrying cost per unit is $13. The company orders 387 chairs at a...
ABC Company sells 3,600 chairs a year at an average price per chair of $182. The carrying cost per unit is $13.71. The company orders 387 chairs at a time and has a fixed order cost of $136 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?
