A companyrsquos holding cost is 17 per year its annual, Ask an Expert

Management Studies

A company’s holding cost is 17% per year. Its annual inventory turns are 7.5. The company buys an item for $70. What is the average cost ($s), to hold this item in inventory? (The accuracy should be of two digits after the decimal places.)

Please include an explanation.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92599916

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