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 Assume 5 days/week, 48 weeks/year, 12 months/year, and 4 quarters/year. Constant Demand = 4800 units/year Unit ordering (setup) cost $20/order Unit carrying (holding) cost = $0.30 /unit/year What is EOQ? (A) 100 (B) 200 (C) 400 (D) 800