Assignment notes: Answer the following questions and be sure to show your computations. You can use whatever symbol you need for square root, if typing in Word.

World's Greatest Coffee EOQ Problem A natural food store carries a brand of coffee called World's Greatest Coffee. The following data should be used in your calculations. Demand/Sales = Ordering Cost = Carrying Charge = Unit Cost = 10 cases of coffee per week (you will need to convert this to an annual amount) $12 per order 18% per year $75 per case Answer the following questions and be sure to show your computations. You can use whatever symbol you need for square root, if typing in Word. 1. How many cases should be ordered at a time? This number will be the EOQ) 2. How often should the coffee be ordered? 3. What is the annual cost or ordering the coffee? What is the annual cost of carrying the coffee? And what is the total cost (ordering and carrying costs added together)? 4. Name three reasons or factors that might cause the firm to order a larger or smaller amount than the EO