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Question: managerail economics jvr company expects to sell about p 1...

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MANAGERAIL ECONOMICS:

JVR Company expects to sell about P 1 million this year and the accountant has determined that ordering costs add up to P 200 per order, while carrying costs is 15 % of inventory. Determine how many orders should be made within the year , and the number of units that should be ordered every time an order is placed , if the price of goods per unit is P 150.

Discuss and explain the answer with minimum of five pages.

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