Carol cagle has a repetitive manufacturing plant producing trailer hitches in arlington, texas. the plant has an average inventory turnover of only 12 times per year. he has therefore determined that he will reduce his component lot sizes. he has developed the following data for one component, the safety chain clip: setup labor cost $25 per hour annual holding cost $16 per unit daily production 976 units/8 hour day annual demand 32,400 (270 days eachtimesdaily demand of 120 units) desired lot size 122 units (one hour of production) to obtain the desired lot size, the set-up time that should be achieved = minutes (round your response to two decimal places).

Grant, inc., acquired 30% of south co.’s voting stock for $200,000 on january 2, year 1, and did not elect the fair value option. the price equaled the carrying amount and the fair value of the interest purchased in south’s net assets. grant’s 30% interest in south gave grant the ability to exercise significant influence over south’s operating and financial policies. during year 1, south earned $80,000 and paid dividends of $50,000. south reported earnings of $100,000 for the 6 months ended june 30, year 2, and $200,000 for the year ended december 31, year 2. on july 1, year 2, grant sold half of its stock in south for $150,000 cash. south paid dividends of $60,000 on october 1, year 2. before income taxes, what amount should grant include in its year 1 income statement as a result of the investment?

Corrective action must be taken for a project when (a) actual progress to the planned progress shows the progress is ahead of schedule. (b) the technical specifications have been met. (c) the actual cost of the activities is less than the funds received for the work completed. (d) the actual progress is less than the planned progress.

What is the difference between the contractual interest rate and the market interest rate?