Follows the economic order quantity model

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ABC Company sells 2,675 chairs a year at an average price per chair of $127. The carrying cost per unit is $52.12. The company orders 477 chairs at a time and has a fixed order cost of $159 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?

Reference no: EM131074596

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