PLEASE just answer canvas questions marked INCORRECT BELOW. those questions should be #7 and 8. I have posted exactly a sane question and the answers were wrong so I would very appreciate if you ONLY answer 7 and 8 that has inccorrect signs next to it for canvas. thank you.

i tried both 482 and 483 for Canvas question #7 and got it worng.

i tried 777 for Canvas question #8 and got it wrong.

Question 1 2/2 pts Get organized: Annual holding cost per bicycle (round to nearest cent-$ 12.15 Question 2 2/2 pts Get organized: 148 Question 3 2/2 pts Get organized annual demand- 425 Question 4 3/3 pts 10- 72 Incorrect Question 5 072 pts 2. Safety Stock (nearest Whole) 32 Question 6 2/2 pts 2b. ROP nearest whole 45 Incorrect Question 2 0/3 pts 3. Annual cost nearest dollar) - $ 462 Incorrect Question 0/3 pts Overpaying the rest dollar) - 5 Incorrect Question 8 0/3 pts 4. Overpaying nearest dollar) - $ 777 Question 9 2/2 pts 5a. Service level inearest whole percent) 70 Question 10 3/3 pts 5b. Quantity nearest whole number) - 306 Inventory Activity Canvas responses shown in red. Speedy Bicycle Company (SBC) is a wholesale distributor of a wide variety of bicycles and bicycle parts. The most popu- lar model is the Dragonfly, which sells for $170. All manufacturing is done at a plant in China, and shipment takes a month (30 days) from the time an order is placed. The estimated order cost is $75, including customs clearance. SBC's cost per bicycle is 65% of retail price, and inventory carrying cost is 11% per year of SBC's cost. If the company cannot fulfill a retail order, the retailer will get the shipment from another distributor and SBC loses that business. SBC is plan- ning inventory for 2021 based on forecasted demand and wants to maintain a 93% service level to minimize lost orders. The company has 300 working days per year. 2021 Forecasted Demand for the Dragonfly Bicycle Model: F 15 M 31 A 58 M 96 2 38 A 23 S 16 N 26 D 41 8 59 14 Develop an inventory plan for the Dragonfly model. Get organized: Order cost=$ per order Cost per bicycle = $ (round to nearest cent) Annual holding cost per bicycle = 5 1 (round to nearest cent) Service level % SO Z 2 Lead time days Annual demand for 2021 bicycles 3 Answer: 1. What is the economic order quantity? Q 4 (round to nearest whole number) 2. If average demand during lead time is normally distributed with a standard deviation of 2.5 bicycles, what is the reor- der point with the desired service level? Safety stock = 5 bicycles ROP 6 bicycles (round both to nearest whole number) 3. What is the total annual inventory cost including safety stock? $ 7 (round to nearest dollar) 4. If SBC is currently ordering 100 bicycles at a time, how much is the company overpaying in total inventory cost? $ 8 (round to nearest dollar) 5. Each year during their anniversary celebration, SBC offers a collectable water bottle at the special price of $5. They typically sell 100 bottles with a standard deviation of 12 bottles. The cost of each bottle is $1.50, and any unsold inven- tory is donated to a local charity. What is the service level and optimal order quantity for the water bottles? Service level % 9 Optimal order quantity 10