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Question - Hershey Company uses quantitative models for inventory control. For canned syrup, the annual demand is 8,000 cases. The supplier is 500 miles away, and it usually takes three days to get an order filled. The average order costs $16 to process and the carrying cost per case is $40 per year. The store is open 300 days a year.
Required -
1. Determine the economic order quantity.
2. Determine the reorder point if a safety stock of 24 cases is desired.
If this value could be reduced to 50 days, what annual increase in income would your firm realize if the increase in cash could be invested at 7.5%
Jeff Krause purchased 1,000 shares of a speculative stock on January 2 for $2.16 per share. Six months later on July? 1, he sold them for $8.66 per share.
Ranger Company produces men's shirts. The following budgeted and actual amounts are for 2010:
Compute the labor time required to produce 8 and 16 units. Compare the cost of producing the 1st unit to the cost of producing the 16th unit
the balance sheet of antonio vivaldi company at dec 31 2007 includes the
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On December 31, $135 worth of office supplies remained. How much should the company report as office supplies expense for the year
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the journal entry to record the purchase of equipment for a 100 cash down payment and a balance of 400 due in 30 days
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