Knights Corporation, a leader in residential property management within the Phoenix, AZ area, uses a key supplier for preventative maintenance needs. The company buys regular bleach in bulk, but wants to determine the best order quantity to limit Total Annual Inventory cost for the product. Using the information below, determine the following:

	Notation	Amount/Quantity	Units
Annual Demand	D	7200	Gallons
Order Cost	K	$20	Dollars
Holding Rate	i	20%
Product Cost	c	$1.25	Dollars
Open days per year		360	Days

What is the EOQ for bleach? (round up to whole number)

Question 2

What is the annual purchase cost (how much does the company spend in bleach each year)? (2 decimal places)

Question 3

What is the holding cost of bleach? (2 decimal places)

Question 4

What is the ordering cost of bleach? (2 decimal places)

Question 5

Using only the holding cost and ordering cost of bleach, what is the total annual inventory cost of the product? (2 decimal places)

Question 6

How many orders for bleach per year does Knights place?