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The owner of a bike shop needs your help to determine how many bikes should be ordered. Annual sales are 2250 bikes. Each time
The owner of a bike shop needs your help to determine how many bikes should be ordered. Annual sales are 2250 bikes. Each time an order is placed it costs $50. The cost to hold inventory is $30. The shop is open 275 days per year and the order of bikes can be delivered in 5 days. The shop has 4 employees. What is the Economic Order Quantity (EOQ) for this item? What is the number of orders per year? You will have 2 answers to calculate. Round your answers up the nearest whole number. O EOQ=15, Number of orders per year = 26 O EOQ 87, Number of orders per year = 26 O EOQ 87, Number of orders per year = 44 O EOQ=231, Number of orders per year = 10
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