If the average inventory is 4,000 units and the number of units ordered per month is...

If the average inventory is 4,000 units and the number of units ordered per month is 15,000, compute the number of orders per month. Round to two decimals.

Solutions

Expert Solution

Average Inventory= 4000

Ordering Quantity/2= 4000

Ordering Quantity= 8000 units

Number of units ordered per month = 15000 units

Number of orders per month= Number of units ordered per month / Ordering Quantity

= 15000/8000

1.88

2 orders approax

keosha answered 1 year ago

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