1. From the figures given below, calculate Economic OrderQuantity (EOQ) and Total cost at E0Q? Total consumption of material per year Unit cost of material10,000 kgsBuying cost per order $ 50$ 2 per kgCarrying and storage cost 8%2. The XR stocks carpet in its warehouse and sells it through anadjoining 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)3. Let's imagine a company we called XY Inc. Nile is a vegetableretailer 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 $30What is cash conversion cycle?