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1. HTJ is open 12 months out of the year. At HTJ, the demand for books is very consistent of 100 pieces per month.

HTJ orders the books from a distributor in Denmark at an ordering cost of 800 SEK per order. One book costs 80 SEK/piece, and annual carrying cost percentage is 20%.

a. The EOQ is? (round up to the nearest whole number)

b. How many orders will HTJ place in a year? (round up to the nearest whole number)

c. What is the average inventory? (round up to the nearest whole number) AND what is the inventory turnover?

d. What is the annual ordering cost (based on the rounded-up number of orders)?

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