Question: Question 15 (4 points) AppEx uses 8,400 packages per month. It costs 550 to order and receive a shipment of these packages. The packages cost

Question 15 (4 points) AppEx uses 8,400 packages per month. It costs 550 to order and receive a shipment of these packages. The packages cost $ 20 each, and AppEx uses an inventory holding cost rate of 40% per year. The package supplier takes 5 working days to deliver an order to AppEx. AppEx operates 360 days per year and uses a continuous review (Q) system to manage its inventories. What should be the reorder point? 1,000 1,200 1,400 1,300 1.100

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