Question: Check My Work ebook Problem Walk-Through Economic Ordering Quantity The Gentry Garden Center sells 100,000 bags of lawn fertilizer annually. The optimal safety stock (which
Check My Work ebook Problem Walk-Through Economic Ordering Quantity The Gentry Garden Center sells 100,000 bags of lawn fertilizer annually. The optimal safety stock (which is on hand initially) is 1,100 bags. Each bag costs the firm $0.14, inventory carrying cost is 20%, and the cost of placing an order with its supplier is $14. Assume a 365-day year. Do not round intermediate calculations. Round your answers to the nearest whole number a. What is the Economic Ordering Quantity? tags per order b. What is the maximum inventory of fertiter? bags 6. What will be the firm's average ventory? How often must the company order? The company must place an order every days Check My Work
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