Which of the following correctly describes credit terms of 2/10, n/30? multiple choice a two percent discount for early payment is available if the invoice is paid before the tenth day of the month following the month the sale. a ten percent discount for early payment is available if the invoice is paid within two days of the date of the invoice. a two percent discount for early payment is available if the invoice is paid after the tenth day, but before the thirtieth day of the invoice date. a two percent discount for early payment is available if the invoice is paid within ten days of the date of sale.

Thomas kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. thomas's fastest-moving inventory item has a demand of 6,000 units per year. the cost of each unit is $100, and the inventory carrying cost is $10 per unit per year. the average ordering cost is $30 per order. it takes about 5 days for an order to arrive, and the demand for 1 week is 120 units. (this is a corporate operation, and the are 250 working days per year.)a) what is the eoq? b) what is the average inventory if the eoq is used? c) what is the optimal number of orders per year? d) what is the optimal number of days in between any two orders? e) what is the annual cost of ordering and holding inventory? f) what is the total annual inventory cost, including cost of the 6,000 units?