Course Solutions Uncategorized (Answered) : value: 1.50 points PA 12-3 Joe Birra needs to purchase malt for his… Joe Birra needs to purchase malt for his micro-brew product

(Answered) : value: 1.50 points PA 12-3 Joe Birra needs to purchase malt for his… Joe Birra needs to purchase malt for his micro-brew product

value: 1.50 points PA 12-3 Joe Birra needs to purchase malt for his… Joe Birra needs to purchase malt for his micro-brew production. His supplier charges $35 per delivery (no matter how much is delivered) and $1.3 per gallon. Joe’s annual holding cost is 35% of the price per gallon. Joe uses 300 gallons of malt per week. a. Suppose Joe orders 1000 gallons each time. What is his average inventory? gallons (Round your answer to 2 decimal places.) Suppose Joe orders 2000 gallons each time. How many orders does he place with his supplier each year? orders How many

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