I hope to get the right answer for this. I've ask two times and both have different answers. Please help me. 1.) Caroline, the owner of Caroline's Boutique, Ltd., estimates that she will sell$20,000,00 worth of a certain decorator table this year. Her accountants havedetermined that ordering costs amount to $50.00 per year and that carrying costsamount to 25% of average inventory while the price of each unit is $500.00. Findthe following:a) Optimal number of Orders per year, No;b) Optimal number of Days' supply per order, Na;c) Optimal number of Dollars per order, Ns;d) Optimal number of Units per order, Nu.

The EOQ formula helps companies determine how many units of a product should be ordered from…

Answered: a) Optimal number of Orders per year,…

a) Optimal number of Orders per year, No; b) Optimal number of Days' supply per order, Nd; c) Optimal number of Dollars per order, Ns; d) Optimal number of Units per order, Nu.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Question

I hope to get the right answer for this. I've ask two times and both have different answers. Please help me.

1.) Caroline, the owner of Caroline's Boutique, Ltd., estimates that she will sell
$20,000,00 worth of a certain decorator table this year. Her accountants have
determined that ordering costs amount to $50.00 per year and that carrying costs
amount to 25% of average inventory while the price of each unit is $500.00. Find
the following:
a) Optimal number of Orders per year, No;
b) Optimal number of Days' supply per order, Na;
c) Optimal number of Dollars per order, Ns;
d) Optimal number of Units per order, Nu.

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