Please use the following information for questions #1-5. Knights Corporation, a leader in residential property management within the Phoenix, AZ area, uses a key supplier for preventative maintenance needs. The company buys regular bleach in bulk, but wants to determine the best order quantity to limit Total Annual Inventory cost for the product. Using the information below, determine the following: Annual Demand D Order Cost Holding Rate Product Cost Open days per year Question 2 Notation Question 3 K Question 4 li C Question 5 Amount/Quantity Units 12.000 $35 25% $1.35 360 Gallons What is the EOQ for bleach? (round UP to whole number) Dollars Dollars What is the annual product cost (e.g., how much does the company spend on bleach each year)? (2 decimal places) Days What is the annual holding cost of bleach? (2 decimal places) What is the annual ordering cost of bleach? (2 decimal places) How many orders for bleach per year does Knights place? (round UP to whole number)

Please use the following information for questions #1-5. Knights Corporation, a leader in residential property management within the Phoenix, AZ area, uses a key supplier for preventative maintenance needs. The company buys regular bleach in bulk, but wants to determine the best order quantity to limit Total Annual Inventory cost for the product. Using the information below, determine the following: Annual Demand D Order Cost Holding Rate Product Cost Open days per year Question 2 Notation Question 3 K Question 4 li C Question 5 Amount/Quantity Units 12.000 $35 25% $1.35 360 Gallons What is the EOQ for bleach? (round UP to whole number) Dollars Dollars What is the annual product cost (e.g., how much does the company spend on bleach each year)? (2 decimal places) Days What is the annual holding cost of bleach? (2 decimal places) What is the annual ordering cost of bleach? (2 decimal places) How many orders for bleach per year does Knights place? (round UP to whole number)

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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