BUSINESS CALCULATOR ONLY!

1. ABC needs $4,800,000 of product from a supplier and asks them for a short-term loan. The supplier tells them that they can have a loan and they will only charge them $192,000 in interest if they pay in 100 days. The true cost to ABC is: A. 4.00% B. 15.39% C. 16.07% D. 15.16% 2. The economic order quantity: A. Determines the lowest ordering costs B. Determines the amount to order which will give you the lowest total inventory costs. C. Determines the ideal inventory to meet your customer needs. D. Determines the amount to order which will give you the lowest carrying costs. 3. Massa Machine Tool expects sales of $3,400,000 with a sales price per unit of $20. The firm estimates an ordering cost of $200 per order, with an inventory carrying cost of $4.00 per unit. What is the optimum order size? A. 18,439 units B. 170,000 units C. 83 units D. 4,123 units