Post card depot an large retailer of post cards orders, Ask an Expert

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Post Card Depot, an large retailer of post cards, orders 6,509,060 post cards per year from its manufacturer. Post Card Depot plans on ordering post card 6 times over the next year. Post Card Depot receives the same number of post cards each time it orders. The carrying cost is $0.05 per post card per year. The ordering cost is $477 per order.

What is the annual carrying costs of post card inventory (round the answer to two decimal places)?

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Financial Management, Finance

Category:- Financial Management
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