Refer to the following selected financial information from mccormik, llc. compute the company's inventory turnover for year 2. year 2 year 1 cash $ 37,500 $ 36,850 short-term investments 90,000 90,000 accounts receivable, net 85,500 86,250 merchandise inventory 121,000 117,000 prepaid expenses 12,100 13,500 plant assets 388,000 392,000 accounts payable 113,400 111,750 net sales 711,000 706,000 cost of goods sold 390,000 385,500

Personal financial planning is the process of creating and achieving financial goals? true or false

Is exploiting a distinctive competence or improving efficiency for competitive advantage. (a) cooptation (b) coalition (c) competitive intelligence (d) competitive aggression (e) smoothing

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.