4- Find the Economic Order Quantity given the following:
The Carry Company is a Midsized ATV dealer in the West. He sells about 2,400 ATV’s a year. The cost of placing an order with its supplier is $600, the inventory carrying costs are $100 for each ATV, and the safety stock is 10 ATV’s. What is the Economic Order Quantity?
5- Find the Effective Annual Interest Rate given the following:
Max Payne is running a small business and is considering offering the following trade terms to free up cash: 2/10 net 40. What is the effective annual rate his customers will pay if they do not take the discount? Answers To Week 3