herman always carries an inventory of between 60,000 and 80,000 at his store. herman's military antiques. his annual costs for carrying this inventory are 4% for storage, 6% for insurance, 3% for taxes, and 12% interest. what is the greatest possible carrying cost for hermans inventory

pancha3

pancha3

Answered question

2020-11-16

herman always carries an inventory of between 60,000 and 80,000 at his store. herman's military antiques. his annual costs for carrying this inventory are 4% for storage, 6% for insurance, 3% for taxes, and 12% interest. what is the greatest possible carrying cost for hermans inventory

Answer & Explanation

grbavit

grbavit

Skilled2020-11-17Added 109 answers

Assuming that the inventory is 60,00 to 80,000,463123200+4800+2400+9600=20000 We use 80,000 since this is the upper limit of Herman's inventory.

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