Answer the Following Question(s)using the Information Below

Answer the following question(s) using the information below:
The Wood Furniture Company produces a specialty wood furniture product, and has the following information available concerning its inventory items:
Annual demand is 10,000 packages per year.The purchase price per package is $16.
-If Ferry Company has a safety stock of 160 units and the average daily demand is 20 units, how many days can be covered if the shipment from the supplier is delayed by 12 days?

A) 12.0 days
B) 10.0 days
C) 8.0 days
D) 6.7 days
E) 13.33 days

Correct Answer:

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