Question: Question 4 8 points Save Answer A large law firm uses an average of 40 boxes of copier paper a day. The firm operates 260

Question 4 8 points Save Answer A large law firm

Question 4 8 points Save Answer A large law firm uses an average of 40 boxes of copier paper a day. The firm operates 260 days a year. Storage and handling costs for the paper are $30 a year per box, and it costs approximately $60 to order and receive a shipment of paper. 1) Determine the economic order quantity. (Round your answer to the nearest whole number.) 2) What is the average number of boxes of copier paper on hand? (Round your answer to the nearest whole number.) 3) How many orders per year will there be? (Round your answer to the nearest whole number.) 4) Compute the total annual cost. (Round your answer to the nearest whole number.)

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