A companyrsquos holding cost is 2 per month its annual, Ask an Expert

Management Studies

A company’s holding cost is 2% per month. Its annual inventory turns are 7. The company buys an item for $120. What is the average cost ($s), to hold this item in inventory (NOT annual holding cost but the average cost of each individual item on average)?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91353704

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