Kim's Nail Salon orders nail polish and various other supplies for which the holding costs are $5 per unit per year, the ordering costs are $120 per order, and sales are relatively constant at 300 per month. What is the optimal order quantity? What is the average inventory? How many times per month should Kim order? What are her annual inventory management costs?

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The Answer of Kim's Nail Salon orders nail polish and various other supplies for which the holding costs are $5 per unit per year, the ordering costs are $120 per order, and sales are relatively constant at 300 per month. What is the optimal order quantity? What is the average inventory? How many times per month should Kim order? What are her annual inventory management costs?

Kim's Nail Salon Orders Nail Polish and Various Other Supplies