A specialty coffeehouse sells Colombian coffee at a fairly steady rate of 280 pounds annually. The beans are purchased from a local supplier for $2.40 per pound. The coffeehouse estimates that it costs $45 in paperwork and labor to place an order for the coffee, and the holding costs are based on a 20 percent annual interest rate. What is the optimal order quantity for Colombian Coffee? - Chapter 4 Review - Use this assignment in your class!

Chapter 4 Review

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