Business, 15.04.2020 03:11 Laylahlettiere

Rajesh Indian Market (RIM) is open 12 months out of the year. At RIM, the demand for rice is very consistent 200 pounds per month. RIM orders the rice from a distributor in India at an ordering cost of $50 per order. Rice costs $5 per pound, and annual carrying charge is 15%.
The EOQ is?
a. 566 pounds
b. 164 pounds
c. 163 pounds
d. 26667 pounds

Answers: 1

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Rajesh Indian Market (RIM) is open 12 months out of the year. At RIM, the demand for rice is very co...

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