Mobil Films buy a petroleum based raw material that it uses in its production process for films. The production process demand for this raw material can be approximated by a Normal random variable with mean 25000lbs and standard deviation 3750lbs per day. The supplier of the raw material is far away, and it takes 8 days for the supplier to deliver an order. Each time an order is issued to the supplier Mobil Films incur $340 fixed transportation cost and an additional $45 for handling the paperwork. Annual holding cost for each pound of raw material is 20% and each pound of raw material costs $1.25. Assume that the plant works for 320 days a year. Mobil Films use (r, Q) model to manage inventory and order according to EOQ.

a) What is the order quantity for raw materials in lbs?
b) If Mobil Films would like to be in stock 99% of all reorder periods, what would be the inventory level that Mobil Films should issue an order?

The following balance sheet for the los gatos corporation was prepared by a recently hired accountant. in reviewing the statement you notice several errors. los gatos corporation balance sheet at december 31, 2018 assets cash $ 44,000 accounts receivable 86,000 inventories 57,000 machinery (net) 122,000 franchise (net) 32,000 total assets $ 341,000 liabilities and shareholders' equity accounts payable $ 54,000 allowance for uncollectible accounts 7,000 note payable 59,000 bonds payable 112,000 shareholders' equity 109,000 total liabilities and shareholders' equity $ 341,000 additional information: cash includes a $22,000 restricted amount to be used for repayment of the bonds payable in 2022. the cost of the machinery is $194,000. accounts receivable includes a $22,000 note receivable from a customer due in 2021. the note payable includes accrued interest of $7,000. principal and interest are both due on february 1, 2019. the company began operations in 2013. income less dividends since inception of the company totals $37,000. 52,000 shares of no par common stock were issued in 2013. 200,000 shares are authorized. required: prepare a corrected, classified balance sheet. (amounts to be deducted should be indicated by a minus sign.)

Individual consumers belong to which step of choosing a target market? possible customers competition demographics communication

Which of the following statements about cash basis accounting is true? a. it is more complicated than accrual basis accounting. b. the irs allows all types of corporations to use it. c. it follows gaap standards. d. it ensures the company always knows how much cash flow it has.