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A Firm Uses $20,000 of an Item Per Year

question 15

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A firm uses $20,000 of an item per year. The carrying cost is 25%, the cost of ordering is $10 and the order quantity is $1,000. The annual total cost of carrying plus ordering would be:

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Definitions:

Data Type

A classification identifying one of various types of data, such as integer, floating-point, string, etc., that determines the possible values for that type, as well as the operations that can be performed on it.

Print Preview

A function that allows users to see exactly how a document will look when it's printed, before actually printing it.

Report

A document or presentation that summarizes information or findings from an investigation or analysis.

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