Stats Solutions

[Solution] The Speedy Grocery Store carries a particular brand of coffee that has the following characteristics: Sales = 10 cases per week Ordering cost =

Question: The Speedy Grocery Store carries a particular brand of coffee that has the following characteristics:

Sales = 10 cases per week

Ordering cost = $10 per order

Carrying charge = 30 percent per year

Item cost = $80 per case

  1. How many cases should be ordered at a time?
  2. How often. will coffee be ordered?
  3. What is the annual cost of ordering and carrying coffee?
  4. What factors might cause the company to order a larger or smaller amount than the EOQ?

Price: $2.99
Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document


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