Problem:
Post card depot, a large detailor of post cards order 4,431,467 post cards per year from its manufacturer. Post card depot plans on ordering post cards 15 times over the next year. Post card depot receives the same number of post cards each time it orders. The carrying costs .19 per post card year. The ordering costs $28.8 per order
Required:
Question: What is the annual ordering costs of post card inventory
- 15,987.34
- 34,876.86
- 28,065.96
- 22,222.33
Note: Please show basic calculation