Globe Inc.is a distributor of DVDs.DVD Mart is a local retail outlet which sells blank and recorded DVDs.DVD Mart purchases DVDs from Globe at $29.00 per DVD;DVDs are shipped in packages of 65.Globe pays all incoming freight,and DVD Mart does not inspect the DVDs due to Globe's reputation for high quality.Annual demand is 321,000 DVDs at a rate of 6800 DVDs per week.DVD Mart earns 15% on its cash investments.The purchase-order lead time is one week.The following cost data are available:
What are the annual relevant carrying costs?
Definitions:
Software Program
A collection of instructions that enable a computer to perform specific tasks or operations; also referred to as software applications or simply software.
Explanatory Variables
Independent variables in a statistical model that account for changes in the dependent variable.
Correlation
A numerical index showing how much two or more variables move in correlation with each other.
Regression Model
A statistical technique used to estimate the relationships among variables, often used to predict a dependent variable based on one or more independent variables.
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