From the Data in the Table Below, Calculate the Total

question 65

Essay

From the data in the table below, calculate the total annual cost using the economic order quantity model.
$\begin{array}{|l|l}\hline \text { Data } & \\\hline \text { Annual Demand Rate } & 10,000 \\\hline \text { Ordering Cost } & \$ 150 \\\hline \text { Unit Cost } & \$ 16 \\\hline \text { Carrying Charge Rate } & 0.2 \\\hline \text { Order Quantity } & 1,000\end{array}$

---

Definitions:

Competence

The ability to perform work tasks successfully.

Potential

The inherent ability or capacity of an individual, object, or concept to develop into something more substantial or perform at a higher level in the future.

Coercive Power

A form of power that is based on the ability to deliver punishments or impose penalties for noncompliance.

Social Intelligence

The ability to understand and manage interpersonal relationships effectively, including the capacity to navigate social environments and understand the dynamics at play.