The UMD bookstore expects to sell about 9,000 books in management area next year. We understand the
The UMD bookstore expects to sell about 9,000 books in management area next year. We understand the annual carrying cost is currently $16 per title. Every time when the bookstore needs to order a book, it must spend $75 for transportation. We assume that the bookstore opens 300 days a year. What is the total annual cost if the EOQ quantity is ordered? Select one: a. 2323.76 b. 4647.58 c. 4800 d. 5313.97 e. None of the above.
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