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| Teaching Since: | May 2017 |
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MBA (IT), PHD
Kaplan University
Apr-2009 - Mar-2014
Professor
University of Santo Tomas
Aug-2006 - Present
Question 2Â (1 point)
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Post Card Depot, an large retailer of post cards, orders 7,391,400 post cards per year from its manufacturer. Post Card Depot plans on ordering post card 14 times over the next year. Post Card Depot receives the same number of post cards each time it orders. The carrying cost is $0.21 per post card per year. The ordering cost is $478 per order.
What is the annual ordering cost of the post card inventory?
(Round the answer to two decimal places)
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