Business, 25.11.2019 21:31 soonerlady19

Powered by koffee (pbk) is a campus coffee store. pbk uses 50 bags of whole bean coffee every month, and demand is steady throughout the year. pbk has signed a contract to purchase its coffee from a local supplier, phish roasters, for a price of $25 per bag and an $85 fixed cost for every order independent of the order size. pbk incurs an annual inventory holding cost of 24% of bag’s price. what is the annual inventory holding cost per bag? enter the numerical value only.

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