Identify the economic order quality, total cost, and reorder point of “essential” items within the department.

I. Sentinel Hospital makes a $350,000 purchase with a 4 percent in ten net 30 provision. What is the effective annual interest rate if ASU Hospital pays on day 11 and day 20? Explain your results, identify what is trade credit, and why it is not ideal to use.
II. Sentinel Hospital has launched a “Inventory Management Campaign.” As a part of this campaign, all department leaders must identify the economic order quality, total cost, and reorder point of “essential” items within the department. You have been given a list of the “essential” items for your department. The reorder points for the first item on the list is given below.

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