Asked by BRAD

a company carries an $630,000 inventory. The company estimates the annual cost of carrying the inventory at 35% of the ihe inventory value. What is the approximate ANNUAL cost of carring the inventory?
Answered by Ms. Sue
0.35 * 630,000 = ?

Answered by BRAD
My answer was 220,500 but it keeps saying I am wrong.
Answered by Ms. Sue
Perhaps you should add the cost to the value of the inventory.

Answered by That Girl
Maybe it want's you to subtract have you tried 409,500?
Answered by Ms. Sue
Why subtract?
Answered by That Girl
I have no idea Ms. Sue. It has helped me before in problems, I do not know the reasoning behind it, but it has helped before.
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