I have to do this simulation, and I have no idea where or how to start. If someone could help me figure out what to do for the first one and breakdown the process on how to solve it that would be great thanks! Basically, I just have to hit the target market goal of $1,000,000 for the year so this needs to be repeated each month therefore I need to understand how to do it each time.

Based on last year's numbers and expected trends into this year, our analysts have concluded the following about the Amulet: Cost of product: $95/unit The sales price of the Amulet is $200/unit. Supplier has confirmed that this will be the average per-unit cost when we place orders in 50-unit increments (Each box has 50 units). Costs of ordering and delivery: $6,000 per order We have reached an agreement with the shipping service. All purchases will be billed at a flat rate of $6,000 for each order placed in the normal order cycle, which requires a 5 days lead time. Rush orders will be charged $40 extra per unit. They will arrive the next day. The Accounting Department estimates the cost of holding inventory to be $1.35 per unit per day. This amount includes warehouse rental costs and insurance. Place An Order for Amulet 1.0 You can place a maximum order of 4,000 units in multiples of 50. The larger your order, the higher your holding costs. However, smaller orders mean more frequent re-ordering costs. -Order Size Units $95 Cost Per Unit: Purchase Cost: $0 Shipping Fee: Normal shipping(5 days) - $6,000 Total Cost: $6,000 PLACE ORDER & START SIMULATION CLOSE