A sport store carries a shoe for men that sells an approximately 3,049 pairs per year. store purchases the shoes from the manufacturer for $30.2 per pair. The order lead t 12 days. It costs the store $58 to place and process an order. The annual carrying cha 24 percent. Assume EOQ model is appropriate and 360 days a year. If the store uses quantity of 276 units per order, what is the annual ordering cost?

A sport store carries a shoe for men that sells an approximately 3,049 pairs per year. store purchases the shoes from the manufacturer for $30.2 per pair. The order lead t 12 days. It costs the store $58 to place and process an order. The annual carrying cha 24 percent. Assume EOQ model is appropriate and 360 days a year. If the store uses quantity of 276 units per order, what is the annual ordering cost?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 14EB: Earthies Shoes has 55% of its sales in cash and the remainder on credit. Of the credit sales, 70% is...

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