Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Post Card Depot, an large retailer of post cards, orders 4,374,372 post cards per year from its manufactor. Post Card Depot plans on odering post
Post Card Depot, an large retailer of post cards, orders 4,374,372 post cards per year from its manufactor. Post Card Depot plans on odering post card 20 times over the next year. Post Card Depot receives the same number of post cards each time it orders. The carrying cost is $0.23 per post card per year. The ordering cost is $413 per order.
What is the annual total inventory management costs of post card inventory?
Round the answer to two decimal places.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started