1. A large bakery buys flour in 50-pound bags. The bakery uses an average of 7179 bags a year. Preparing an order and receiving a shipment of flour involves a cost of $14.6 per order. Annual carrying costs are $12.9 per bag. How many orders for flour will be placed per year?
2. A large bakery buys flour in 50-pound bags. The bakery uses an average of 9276 bags a year. Preparing an order and receiving a shipment of flour involves a cost of $24.4 per order. Annual carrying costs are $16 per bag. On average, how many bags of flour are in inventory?
3. A large bakery buys flour in 50-pound bags. The bakery uses an average of 8980 bags a year. Preparing an order and receiving a shipment of flour involves a cost of $24.9 per order. Annual carrying costs are $11.6 per bag. What is the annual cost of holding flour in inventory?