Question: Use the fallowing information to answer the next 2 questions. A company sells 600 bottles of a dietary supplement per week at $100 per bottle.

Use the fallowing information to answer the next
Use the fallowing information to answer the next 2 questions. A company sells 600 bottles of a dietary supplement per week at $100 per bottle. The supplement is ordered from a supplier who charges the company $30 per order and $50 per bottle. The company's annual holding cost percentage is 40% of bottle's purchase price. Assume that the company operates 50 weeks in a year. Question 7 (2 points) What is the company's total ordering and holding cost per year if it orders 500 bottles at a time? Do not include any sign or decimal points in your final answer (i.e. 12 instead of 12.0) Question 8 (2 points) What order quantity minimizes Company's total ordering and holding cost per year? Do not include any sign or decimal points in your final answer (.e. 12 instead of 12.0) A units

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