Business, 15.04.2020 17:22, Zachary4759

A paint company in Dallas consumes 3000 pounds of a chemical each month. Mr. X, the new manager of the company who recently completed a MBA. degree, learned that the chemical was replenished using an EOQ of 2,000 pounds. The EOQ value was computed assuming an interest rate of 36 percent per year. The current cost of the chemical to the company is $4 per pound. What is the ordering cost in determining the EOQ value?

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A paint company in Dallas consumes 3000 pounds of a chemical each month. Mr. X, the new manager of t...