Apple was originally organized as a partnership but was later incorporated on january 3, 1977. its income statement in appendix a (income statement )varies in several key ways from what it would look like for a partnership. identify at least two ways in which the apple corporate income statement differs from a partnership income statement. (apple's original partnership agreement is available online.)

An allergy products superstore buys 6000 of their most popular model of air filters each year. the price of the air filters is $18. the cost of ordering and receiving shipments is $12 per order. accounting estimates annual carrying costs are 20% of the price. the supplier lead time is 2 days. the store operates 240 days per year. each order is received from the supplier in a single delivery. there are no quantity discounts. what is the store’s minimum total annual cost of placing orders & carrying inventory?