Using the Fixed-Order-Quantity Model, What Is the Total Ordering Cost

question 3

Short Answer

Using the fixed-order-quantity model, what is the total ordering cost of inventory given an annual demand of 36,000 units, a cost per order of $40, and a holding cost per unit per year of $45? ______________________________________________.

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Definitions:

Political Science

An academic discipline that studies governments, public policies, political processes, political behavior, and ideas about governance.

Moderates

Individuals or positions in politics or social issues that are not extreme and often found in the middle of the spectrum.

Male

Referring to the sex of an organism or individual that produces sperm or male gametes.

Political Science

The examination of political structures, the functioning of governments, and the conduct related to politics.