Assignment:
The Candy Shack has a monthly demand of 200 bags of Watermelon Slices. They pay $11.50 for each box of candy which contains 14 bags for sale. Their ordering costs are $30. Holding costs are negligible but they do pay 11% annually on the money they borrow to make such purchases.
- What is the annual demand—in terms of boxes? (Display your answer to the nearest whole number.)
- What is the materials costs—per bag? (Display your answer to two decimal places.)
- What is the economic order quantity (EOQ)—in terms of bags? (Displayyour answer to the nearest whole number.)
Your answer must be typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.