Homework 6 (Chapter 12) Submitted 0/16 Total points awarded Help PA 12-1 (Algo) Millennium Liquors is a wholesaler... Millennium Liquors is a wholesaler of sparkling wines. Its most popular product is the French Bete Noire, which is shipped directly from France. Weekly demand is 40 cases. Millennium purchases each case for $100, there is a $250 fixed cost for each order findependent of the quantity ordered), and its annual holding cost is 15 percent. 0/16 points awarded a What order quantity minimizes Millennium's annual ordering and holding costs? 288 cases Scored (Round your answer to 2 decimal places) If Millennium chooses to order 250 cases each time, what is the sum of its annual ordering and holding costs? 4,371 00 (Round your answer to 2 decimal places) If Millennium choose order 125 cases each time, what is the sum of the ordering and holding costs incurred by each case sold? $ 336 Pase If Millennium is restricted to ordering in multiples of 50 cases (eg 50 100, 150, etc) how many cases should it order to minimize its annual oldering and holding costs? 300 cases (Round your answer to 2 decimal places) Millennium is offered a 500 percent discount if it purchases at least 1 000 cases If it decides to take advantage of this discount what is the sum of its annual ordering and holding costs? $7749 00 Prev 1 of 1 III Next Type here to search