The 2017 balance sheet of kerber's tennis shop, inc., showed long-term debt of $2.9 million, and the 2018 balance sheet showed long-term debt of $3.1 million. the 2018 income statement showed an interest expense of $145,000. during 2018, the company had a cash flow to creditors of –$55,000 and the cash flow to stockholders for the year was $80,000. suppose you also know that the firm's net capital spending for 2018 was $1,330,000, and that the firm reduced its net working capital investment by $61,000. what was the firm's 2018 operating cash flow, or ocf? (enter your answer in dollars, not millions of dollars, e. g., 1,234,567.)

M. cotteleer electronics supplies microcomputer circuitry to a company that incorporates microprocessors into refrigerators and other home appliances. one of the components has an annual demand of 235 units, and this is constant throughout the year. carrying cost is estimated to be $1.25 per unit per year, and the ordering (setup) cost is $21 per order. a) to minimize cost, how many units should be ordered each time an order is placed? b) how many orders per year are needed with the optimal policy? c) what is the average inventory if costs are minimized? d) suppose that the ordering cost is not $21, and cotteleer has been ordering 125 units each time an order is placed. for this order policy (of q = 125) to be optimal, determine what the ordering cost would have to be.