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Appliance for Less is a local appliance store. It costs this store $28.69 per unit annually for storage, insurance, etc., to hold microwave in their inventory. Sales this year are anticipated to be 417 units. Each order costs $80. The company is using Economic Order Quantity model in placing the orders.
It takes approximately 5 day(s) to receive an order after it has been placed. If the store insists on a 6 day(s) safety stock (assume 365-days a year), what should the inventory level be when a new order is placed?
Round the answer to the whole number
A bond sells for $941.15 and has a coupon rate of 7.80 percent. If the bond has 21 years until maturity, what is the yield to maturity of the bond? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. O..
Binomial Tree Farm’s financing includes $6.7 million of bank loans. Its common equity is shown in Binomial’s Annual Report at $6.84 million. It has 500,000 shares of common stock outstanding, which trade on the Wichita Stock Exchange at $16.3 per sha..
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Did not attend college knowing that the individual was not satisfied with job. Is satisfied with job and did not attend college.
A person wins $10,000 in a state lottery. He plans to deposit this money in a savings account to earn 8% annual interest for 6 years. If he wants to withdraw equal annual amounts from the account for 6 years, starting with the first withdrawal one ye..
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