Use the Graph Below to Answer the Questions That Follow

question 34

Essay

Use the graph below to answer the questions that follow.
a.Identify the Annual Holding Cost curve. Provide a brief description of what the Annual Holding Cost curve represents.
b.Identify the Annual Ordering Cost curve. Provide a brief description of what the Annual Ordering Cost curve represents.
c.Identify the Annual Total Cost Curve. Provide a brief description of what the Annual Total Cost curve represents.
d.Identify the Economic Order Quantity. Provide a brief description of what the Economic Order Quantity represents.

---

Definitions:

Mill Rate

A property tax rate expressed in tenths of a cent, applying to the assessed value of property.

Property Taxes

Taxes paid by property owners, typically annually, based on the assessed value of their property and the tax rate of the local government.

Assessed

Evaluated or estimated the value of (a property, a tax, a fine, etc.) for taxation or pricing purposes.

Shares Outstanding

The total number of shares of a corporation's stock that are currently owned by all its shareholders, including shares held by institutional investors and insider shares.