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PA 12-1 (Algo) Millennium Liquors is a wholesaler... Millennium Lquors is a wholesaler of sparkling wines. Its most popular product is the French Bete Noire,

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PA 12-1 (Algo) Millennium Liquors is a wholesaler... Millennium Lquors is a wholesaler of sparkling wines. Its most popular product is the French Bete Noire, which is shipped directly from France. Weekly demand is 40 cases. Millenilum purchases each case for $125, there is a $300 fixed cost for each order (independent of the quantity ordered), and its annual holding cost is 15 percent. Assume 52 weeks per year: a. What order quantity minimizes Millennium's annual ordering and holding costs? Note: Do not round intermediate calculations. Round your answer to the nearest whole number. b. If Millennium chooses to order 300 cases each time, what is the sum of its annual ordering and holding costs? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. c. If Millennium chooses to order 100 cases each time, what is the sim of the ordering and holding costs incurred by each case sold? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. d. If Miliennium is restricted to ordering in multiples of 50 cases (e.g., 50,100,150, etc), how many cases should it order to minimize its annual ordering and holding costs? Note: Do not round intermediate calculations. Round your answer to the nearest whole number

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