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The Jolly Gift Shop is paying a $200 annual premium to insure its inventory, which has an average value at any time of $40,000. Jolly's
The Jolly Gift Shop is paying a $200 annual premium to insure its inventory, which has an average value at any time of $40,000. Jolly's premium is calculated per $100 of inventory. What is Jolly's insurance rate?
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Operations Management Processes and Supply Chains
Authors: Lee J. Krajewski, Manoj K. Malhotra, Larry P. Ritzman
11th edition
978-0133872460, 133872467, 133872130, 978-0133872682, 133872688, 978-0133872132
