Data Analytics For Accounting
Data Analytics For Accounting
19th Edition
ISBN: 9781260375183
Author: RICHARDSON
Publisher: MCG
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Chapter 7, Problem 5MCQ
To determine

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General Accounting Question please answer
A company carries an average annual inventory of $8.3 million if it estimates the cost of capital is 11% so much costs are 7% and risk calls are 12%. What does it cost per year to carry this inventory?
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