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Please answer all parts of the question CORRECTLY! Showing step by step and simply put, clear answers.Will upvote only if all of the problem is
Please answer all parts of the question CORRECTLY! Showing step by step and simply put, clear answers.Will upvote only if all of the problem is correct. Round all answers up to the nearest whole number please.
The catering managet of Lavista Hotel, Lisa Forguson, is disturbed ty the amount of siverware sho is loang every week. Last Friday night, when her crew tried to set up for a banquet for 500 people, they did not have enough knives. She deciges she needs to crder some more sliverware, but wants bo take advantage of ary quantify ditoounts her vondor wil ofor: * For a tinall order (2,000 pieces or iest) her vendor quotot a price of $1.60. 2 piece - If the ordens 2,001 to 5,000 pieces, the price drops to $1.60 pioce. >.001 to 10,000 pleces brings the price to $1.40 pince, and >10,001 and above reduces the price to $1.25 piece: the accoptabie range) a) What is the optimum ordering quantity? units (round your responte to the nearest whole number) b) What are the annual holding cost? $__
c) What are the annual ordering cost? $__
d) What's the annual cost of the silverware itself with an optimal order quantity?$__
e) What's the total annual cost including ordering, holding, and purchasing the silverware? $__
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