1. Cheeseburger and Taco Company purchases 15,397 boxes of cheese each year. It costs $23 to place and ship each order and $3.21 per year for each box held as inventory. The company is using Economic Order Quantity model in placing the orders. What is the average inventory held during the year? Round the answer to the whole number.
2. Cheesburger and Taco Company purchases 16,808 boxes of cheese each year. It costs $14 to place and ship each order and $9.42 per year for each box held as inventory. The company is using Economic Order Quantity model in placing the orders. How many orders will be placed each year? Round the answer to the whole number.