Question: Answer questions 3 - 7 according to the given information.Henderson Furniture sells reproductions of 1 8 th - century furniture. For a particular table, the
Answer questions according to the given information.Henderson Furniture sells reproductions of thcentury furniture. For a particular table, the assumptions of the inventory model with backorders are valid.Annual Demand: D tables per yearInventory holding cost as a percent of the item cost: I per yearItem cost: C $ per tableOrdering cost: Co $ per orderBackordering cost: Cb $ per table per yearThe store is open days a year.What is the economic order quantity that will minimize the total cost? Results are expected to be rounded to the nearest whole number.Group of answer choices
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