Calculate jacks total annual holding cost, Operation Management

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Calculate jacks total annual holding cost

Problem

Jack's jacket shop is trying to determine how much it costs them per year to hold all of his inventory. He knows that his annual demand is 10,000 jackets per year and his shop operates 365 days each year. Additionally, Jacks ordering costs are 7 and his holding cost is $5 per unit. Calculate Jack's total annual holding cost.

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Operation Management: Calculate jacks total annual holding cost

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