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a . Fiona Enterprises uses 9 , 7 0 0 machine parts per month and then reorders another 9 , 7 0 0 . The

a. Fiona Enterprises uses 9,700 machine parts per month and then reorders another 9,700. The relevant carrying cost per machine part is $12.75, and the fixed order cost per order is $2,240. What is the EOQ for Fiona Enterprises? (3 points)
b. What is the implied interest rate when a customer has to pay $25,000 for a term of sale of 1/15 net 30?

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