Assignment:
A company produces 450 bicycles per month. The tires are bought from a supplier for $20 each. The inventory carrying cost is 15 per cent of the cost of a tire. The ordering cost is $50 per order. What is the total annual cost of the tires?
Your answer must be typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.