Answer to Question #82567 in Math for vincent

Question

A company uses usd 10,000 worth of an item during the year. The ordering costs are Kshs. 25 per order and carrying charges are 12.5% of the average inventory value. Find:
i. The economic order quantity,
ii. Number of orders per year
iii. Time period per order
iv. The total cost

Answer 1

Dear vincent, your question requires a lot of work, which neither of our experts is ready to perform for free. We advise you to convert it to a fully qualified order and we will try to help you. Please click the link below to proceed: Submit order