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Ronnie Sharpe runs Boro's Better Printing (BBP). Though most of his paper can be ordered using a fixed interval, variable quantity inventory system, he has

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Ronnie Sharpe runs Boro's Better Printing (BBP). Though most of his paper can be ordered using a fixed interval, variable quantity inventory system, he has decided to handle the white 8%x11 copy paper using a fixed quantity, variable interval system. Ronnie operates 280 days per year and uses an average of 12 boxes of white paper per day. It costs him $30 to place an order and $6 to keep a box in inventory for a year. What is Ronnie's optimal order quantity? (Round to the nearest whole number.) A/ How many orders per year will Ronnie place?(Round your answer to the hundredths place. e.g. Xxx.xx). What will be Ronnie's average inventory of this item? (Round your answer to the hundredths place. e.g. xx.xx) A/ What is Ronnie's annual holding cost? (Do not include the dollar sign. Round your answer to the nearest whole number. e.g. xxx). What is Ronnie's annual ordering cost rounded to the nearest dollar value? (Don't include the dollar sign. e.8. XXX)

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