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?
6 answers
0.35 * 630,000 = ?
My answer was 220,500 but it keeps saying I am wrong.
Perhaps you should add the cost to the value of the inventory.
Maybe it want's you to subtract have you tried 409,500?
Why subtract?
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.
1 answer