Hottenstein Griffith And Hult Attorneys At Law Do A Great Deal Of Printing The F

Hottenstein, Griffith, and Hult, attorneys at law, do a great deal of printing. The firm uses a single type of printer with annual demand for print cartridges of 480 per year. The order cost is $15 per order, and carrying cost of $35 per cartridge. a. How many print cartridges should the firm order at one time? b. What is the time between orders?For question 3 part b please use this formula for TBO = (Quantity/Demand) * 52 (weeks in a year).

Concept:Economic order quantity is the order quantity that minimizes total inventory carrying costsand ordering costs. A firm can order maximum economic order quantity at one time. Economicorder…