ABC Company sells 3,755 chairs a year at an average price per chair of $191. The carrying cost per unit is $20.71.
The company orders 543 chairs at a time and has a fixed order cost of $127 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?
Enter your answer rounded off to two decimal points. Do not enter comma in the answer box. For example, if your answer is 12.345 then enter as 12.35 in the answer box.