1. Warren Enterprises expects 20,000 unit sales, has ordering costs of $20 per order, carrying costs of $1.50 per unit. Assuming level production, what should be their EOQ?

2. The cost of not taking the discount on trade credit of 3/20 (i.e., 3% discount in a 20-day period), net final date 90 is approximately

3. (T/F) The London Interbank Offered Rate (LIBOR) is used to set a base lending rate for some U.S. domestic corporate loans