Kraus Department Store,located in Chicago,sells 1,700 Coffeemakers Per Year

question 47

Multiple Choice

Kraus Department Store,located in Chicago,sells 1,700 coffeemakers per year.The purchase price of each coffeemaker is $70.The ordering cost is $90 per order.The holding cost is 30% of the unit purchase price.In this example,the holding costs are ______.

• A)approximately $2,167
• B)approximately $2,535
• C)approximately $4,628
• D)none of these

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