Use this information to answer the following questions.
A cake factory can produce cakes at the rate of 500 per day.The factory supplies its cakes to local grocery stores at a rate of 250 per day.The cost to prepare the equipment for producing the cakes is $20.Annual holding costs are $2 per cake.Assume that the factory operates 250 days a year.
-Refer to the information above.What is the maximum inventory held in a given cycle?
A)825.56
B)790.57
C)800
D)900.39
E)750.44

Question

Quizplus · Accepted Answer

The Answer of Use this information to answer the following questions.
A cake factory can produce cakes at the rate of 500 per day.The factory supplies its cakes to local grocery stores at a rate of 250 per day.The cost to prepare the equipment for producing the cakes is $20.Annual holding costs are $2 per cake.Assume that the factory operates 250 days a year.
-Refer to the information above.What is the maximum inventory held in a given cycle?
A)825.56
B)790.57
C)800
D)900.39
E)750.44

Use This Information to Answer the Following Questions