Answer the 2 questions based on the following information (NO APPROXIMATE ANSWES):

Medro & Mariana just completed the calculations for managing the inventory for their special home-made bags of cookies they sell in (M&M).
They are open 355 days/yr.
They used the basic EOQ model and computed the optimal number of bags to
order = 400 bags/order.
They noticed that once the order arrives, they will sell the last bag in that order after 8 days.
The supplier promises a 2 day delivery policy.
The holding cost for one bag of cookies for one year is 1.5 KD

What is the daily demand for the bags of cookies equal to?

a. not enough information to answer the question

b. 400 bags

c. 50 bags

d. 8 bags

How much does it cost Medro & Mariana to place each order of cookies (S)?

a. not enough information to answer the question

b. 6.760 KD/order

c. 5 KD/order

d. 8 KD/order