Question: Multiple Choice, I will Thumbs Up the Answer QUESTION 8 For the next 3 questions Jack is managing a bike store. Suppose the demand for

Multiple Choice, I will Thumbs Up the Answer

QUESTION 8 For the next 3 questions Jack is managing a bike store. Suppose the demand for a Giant Mountain Bike is 50 per week. The unit cost is $1000. Every time Jack order from Giant, he has to pay the fix shipping fee of $600. The capital cost for Jack is 1% per month. What is the holding cost per unit per week? A $7.5 B. 53 C. $2.5 D.S0.6 QUESTION 9 How many should Jack order to minimize the total inventory cost if the order quantity does not have to be integer? A 200.33 B. 100.25 C. 154.92 D. 50.5 QUESTION 10 What is the total monthly cost excluding the purchasing cost if Jack orders the EOQ? $6980.23 5778.23 $1549.19 $300.25

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