Question: round all calculations to 6 decimals, round final answer to 6 decimals. ANSWER AND CALCULATIONS MUST USE 6 DECIMAL PLACES. A jewelry firm buys semiprecious

round all calculations to 6 decimals, round final answer to 6 decimals. ANSWER AND CALCULATIONS MUST USE 6 DECIMAL PLACES.

A jewelry firm buys semiprecious stones to make bracelets and rings. The supplier charges $21 per stone, annual carrying costs are 11%, and the cost of processing orders is $21. The jeweiry firm operates 250 days per year and their usage rate is 75 stones per day. What is the annual cost of holding precious stones in inventory

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