ABC Computer, Inc. uses a newly developed C$-10$ chip in the manufacturer of their tablet computers. The estimated annual demand for this chip is $20,000$ units. It is estimated that the cost to place an order is $$50,$ and the holding cost for each chip is $$20$ per year. The company operates $350$ days per year.

Use the information. What is the cycle length $($time between orders$)$ when orders are placed using the EOQ quantity?

Question $22$ options:

A$)$

greater than $4$ days but less than or equal to $7$ days

B$)$

greater than $1$ day but less than or equal to $4$ days

C$)$

greater than $7$ days but less than or equal to $10$ days

D$)$

greater than $10$ days

E$)$

$1$ day