An oil engine manufacturer purchases lubricants at the rate of $ 42 per piece from...
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Accounting
An oil engine manufacturer purchases lubricants at the rate of $ 42 per piece from a
vendor. The requirements of these lubricants are 1000 per year.
What should be the ordering quantity per order, if the cost per placement of an order is $ 16 and inventory carrying charges per doller per year is 20 cents. (Use analytical method)
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