An appliance store sells 500 units of a particular type of dishwasher each year. The demand for this product is essentially constant throughout the year. The store orders its products from a regional supplier, and it typically takes two weeks for the dishwashers to arrive after an order has been placed. Each time an order is placed, an ordering cost of $1000 is incurred. Each dishwasher costs the hardware store $300 and retails for $550. The store's annual cost of capital is estimated to be 7% per year, and the annual storage cost is $10/unit. What is the optimal order quantity? (round to nearest whole number)

What it the total expected annual profit? (round to nearest hundred, no comma or $-sign

Answer rating: 100% (QA)

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