Routing Number for Academy Bank NA in Colorado. A routing number is a 9 digit code for identifying a financial institute for the purpose of routing of checks (cheques), fund transfers, direct deposits, e-payments, online payments, etc. to the correct bank branch.
The cost of carrying or holding inventory is the sum of the following costs: 1  Money tied up in inventory, such as the cost of capital or the opportunity cost of the money. 2  Physical space occupied by the inventory including rent, depreciation, utility costs, insurance, taxes, etc. 3  Cost of handling the items.  Cost of deterioration and obsolescence.
To obtain a percentage, we divide this total by the average inventory value: 1.9M USD / 10M USD = 19%. We finally add the capital costs. Letâs assume they are at 10% in this case, that is to say 1M USD. In our example, the total inventory carrying costs reaches 2.9M USD for an average inventory value of 10M USD.