1. From the figures given below, calculate Economic Order Quantity (EOQ) and Total cost at EOQ? Total consumption of material per year Buying cost per order $50 10,000 kgs Unit cost of material Carrying and storage cost 8% 2. The XR stocks carpet in its warehouse and sells it through an adjoining showroom. The store keeps several brands and styles of carpet in stock; however, its biggest seller is Super Shag carpet. The store wants to determine the optimal order size and total inventory cost for this brand of carpet given an estimated annual demand of 10,000 yards of carpet, an annual carrying cost of $0.75 per yard, and an ordering cost of $150. The store would also like to know the number of orders that will be made annually and the time between orders (i.e., the order cycle) given that the store is open every day except Sunday, Thanksgiving Day, and Christmas Day (which is not on a Sunday). $2 per kg 3. Let's imagine a company we called XY Inc. Nile is a vegetable retailer who has the following metrics - Cost of Goods Sold (COGS) = $365 Average inventory = $10 (they have low levels of inventory in general) Sales = $1095 Accounts Receivable = $30 Accounts Payable = $30 What is cash conversion cycle?