Question: I need exact answer because its not 1,631 Lisa's Etsy Store has a robust inventory of miniature cat figurines that is conservatively valued at $15,000.
I need exact answer because its not 1,631
Lisa's Etsy Store has a robust inventory of miniature cat figurines that is conservatively valued at $15,000. Her cost of capital is only 5% but her risk cost, entirely attributable to her eight pet cats damaging her inventory, is 20%. Her storage cost can be estimated at 3.875%. What is the annual holding cost of Lisa's Etsy Store to the nearest dollar? Select one: O A. $4,331 O B. $9,551 C. $4,551 O D. $1,631
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