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Business, 26.07.2019 20:30 unknown5960

Central university uses $123,000 of a particular toner cartridge for laser printers in the student computer labs each year. the purchasing director of the university estimates the ordering cost at $45 and thinks that the university can hold this type of inventory at an annual storage cost of 22% of the purchase price. how many months' supply should the purchasing director order at one time to minimize the total annual cost of purchasing and carrying?

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