What will be their total cost of ordering and carrying nails

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Reference no: EM132248166

1. Bodacious Bags buys nails in 15-pound boxes but their growth has increased their need to an average of 3785 boxes a year. Preparing an order and receiving a shipment of nails involves a cost of $0.60 per order. Annual carrying costs are $1.0 per box. What will be their total cost of ordering and carrying the nails? (Include the pennies in your answer)

2. Your office manager is reducing the amount of money spent on office supplies. As part of that reduction, she will be reducing the safety stock for reams of paper from 35 reams to 25 reams. If your office consumes an average of 95 reams per day with a standard deviation of 56.818 reams, what is the chance that your office will run out of paper on any day? (Keep four decimal places in your answer, which should be a number not a percentage)

Reference no: EM132248166

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