Problem:
Postcard depot a large retailer postcard orders 7,664,874 postcards per year from its manufacture. Postcard depot plans on ordering postcard 12 times over the next year. Postcard depot receives the same number of postcards each time it orders. The carrying cost is 0.10 per Paul's car per year. The ordering cost is $49.40 per order.
Required:
Question1: What is the annual ordering cost of postcard inventory?
Note: Please provide full description.