Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Post Card Depot, an large retailer of post cards, orders 4,299,935 post cards per year from its manufacturer. Post Card Depot plans on ordering post
Post Card Depot, an large retailer of post cards, orders 4,299,935 post cards per year from its manufacturer. Post Card Depot plans on ordering post card 10 times over the next year. Post Card Depot receives the same number of post cards each time it orders. The carrying cost is $0.21 per post card per year. The ordering cost is $303 per order.
What is the annual ordering cost of the 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