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Fisk Corporation is trying to improve its inventory control system and has installed an online system at its retail stores. Fisk anticipates sales of 38,400

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Fisk Corporation is trying to improve its inventory control system and has installed an online system at its retail stores. Fisk anticipates sales of 38,400 units per year, an ordering cost of $8 per order, and carrying costs of $1.50 per unit. In the second year. Fisk Corporation finds that it can reduce ordering costs to $2 per order, but carrying costs will stay the same at $1.50 per unit. a-1. What is the economic ordering quantity for the second year? Economic ordering quantity (EOQ) units a-2. How many orders will be placed during the second year? Number of orders a-3. What will the average inventory be for the second year? Average inventory units a-4. What is the total cost of ordering and carrying inventory for second year? Total costs b. This part of the question is not part of your Connect assignment. - Wontaby Ltd, is extending its credit terms from 45 to 60 days. Sales are expected to increase from $4.71 million to $5.81 million as a result. Wontaby finances short-term assets at the bank at a cost of 12 percent annually. Calculate the additional annual financing co: of this change in credit terms. (Use 365 days in a year. Do not round intermediate calculations. Round the final answer to the nearest whole dollar. Enter answer in whole dollar not in million.) Annual financing cost

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