The Milling Corp. has developed a new type of widget. The local distributor expects to increase his sales by 20% over the past year due to this new development. Last year's sales were $50,000 at a selling price of $100 per unit. The manager would like to cut costs as much as possible and comes to you for advice.
Relevant cost information includes:
A) What is the economic order quantity?
B) What is the amount of average inventory?
C) How many orders will be made per year?
D) What is the total cost of this inventory decision?
Definitions:
Adequate Shelter
A living space that is safe, secure, habitable, and meets the basic needs of individuals or families, including protection from the elements and health hazards.
Long-Term Shelter
Housing intended to provide stability and accommodation for extended periods, especially for individuals or families in crisis or transition.
Homeless
Individuals who lack stable, safe, and permanent housing, often living on the streets or in shelters.
Hidden Homelessness
Individuals who do not have a stable place to live but are not visible in the streets or shelters, often staying temporarily with friends or family.
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