Examlex
Central University uses $123,000 of a particular toner cartridge for laser printers in the student computer labs each year. The purchasing director of the university estimates the ordering cost at $45 and thinks that the university can hold this type of inventory at an annual storage cost of 22% of the purchase price. How many months' supply should the purchasing director order at one time to minimize the total annual cost of purchasing and carrying?
Remortgage Without Consent
The act of obtaining a new mortgage on a property without the approval or agreement of the existing lender or relevant parties who have an interest in the property.
Municipal Taxes
Local government levies imposed on property owners to fund public services such as schools, roads, and emergency services.
Insure Premises
The process of obtaining insurance coverage for physical property against loss or damage.
Collateral Mortgage
A type of mortgage where the borrower offers property as security for the loan, beyond the purchased property itself.
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