Mathematics, 27.06.2020 17:01 pao2425
A retail store sells 500 jackets each month. Each jacket costs the store $99, and for holding cost purposes, the store estimates capital costs of 12%, storage costs of 10%, and risk costs of 3%. Furthermore, the store incurs annual operating expenses for purchasing in the amount of $1080 in addition to $10 for inspecting and receiving each order. If the store currently places a replenishment order of 650 jackets each time, what is the total annual holding and ordering cost? (Round your answer to the nearest integer)
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A retail store sells 500 jackets each month. Each jacket costs the store $99, and for holding cost p...
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