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Back to Library QID: #25283

Solution for QID #25283: Fischer's Furniture sells 2,400 sofas a year at an avera | StudyHelpMe

Subject: Finance
Status: Verified Solution
Fischer's Furniture sells 2,400 sofas a year at an average price per sofa of $1,250. The carrying cost per unit is $11.60. The company orders 80 sofas at a time and has a fixed order cost of $52 per order. The sofas are sold out before they are restocked. What is the economic order quantity?
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