Jewelry firm buys semiprecious stones to make bracelets

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1. A large law firm uses an average of 51 boxes of copier paper per day. The firm operates 260 days per year. Storage and handling costs for the paper are $21 per year per box, and it costs $49 to order and receive a shipment of paper. On average, how many boxes of paper are in inventory?

2. A jewelry firm buys semiprecious stones to make bracelets and rings. The supplier charges $21 per stone, annual carrying costs are 25%, and the cost of processing orders is $29. The jewelry firm operates 250 days per year and their usage rate is 30 stones per day. How many orders per year will be placed for semi-precious stones?

Reference no: EM132112387

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