For a particular product, the annual demand is 12,000, the number of working days in the year is 320, and the EOQ is 300. Given this information, which of the following statements is true?

a.  The total number of orders per year is 30.
b. The total number of orders per year is 40.
c. The total number of orders per year is 80.
d. The total number of orders per year cannot be calculated.

ANSWER:

b. The total number of orders per year is 40.