Time conversions are important. These time conversions will be used in this homework. Assume the time standards and equivalent relationships. Assume demand relationships. Equivalent Relationships 240 1 year = 4 quarters = 12 months = 48 weeks = 240 days 60 1 quarter = 3 months = 12 weeks = 60 days 1 month = 4 weeks = 20 days 1 week = 5 days Year Quarter Month Week Day 1 4 12 48 3 12 1 4 1 1 20 5 Demand = 4800 units/year Year Quarter Month Week Day 4800 1200 400 100 20 1200 400 100 20 400 100 20 100 20 Question 5. Assume 5 days/week, 48 weeks/year, 12 months/year, and 4 quarters/year. Constant Demand = 4800 units/year How many statements are correct? 0 1 2 3 (A) The number of working days in a year is 4800 (B) The constant demand rate is 240 units/day (C) For an order quantity of 120, the inventory period is 6 days and the order frequency is 40 orders/year