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Find what is annual carrying cost of the postcard inventory

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Problem

Post Card Depot, a large retailer of postcards, orders 5231454 postcards per year from its manufacturer. Post Card Depot plans on ordering postcards 19 times over the next year. Post Card Depot receives the same number of postcards each time it orders. The carrying cost is $0.09 per postcard per year. The ordering cost is $363 per order. What is the annual carrying cost of the postcard inventory?

Reference no: EM131959465

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