Company sells 2391 chairs a year at an average price per, Financial Management

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Company sells 2391 chairs a year at an average price per

Company sells 2,391 chairs a year at an average price per chair of $170. The carrying cost per unit is $30.15. The company orders 499 chairs at a time and has a fixed order cost of $92 per order. The chairs are sold out before they are restocked. How many orders will company place if it follows the economic order quantity model?

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Financial Management: Company sells 2391 chairs a year at an average price per

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