WWW LO 6.10n March 1. Bates Board Shop sells 300 surfboards to a local lifeguard station at a sales price of
$400
per board. The cost to Bates is $140 per board. The terms of the sale are 3/15 n/30, with an
invoice date of March 1. Create the joumal entries for Bates to recognize the following transactions,
A. the initial sale
B. the subsequent customer payment on March 10

Haley photocopying purchases a paper from an out-of-state vendor. average weekly demand for paper is 150 cartons per week for which haley pays $15 per carton. in bound shipments from the vendor average 1000 cartoons with an average lead time of 3 weeks. haley operates 52 weeks per year; it carries a 4-week supply of inventory as safety stock and no anticipation inventory. the vendor has recently announced that they will be building a faculty near haley photocopying that will reduce lead time to one week. further, they will be able to reduce shipments to 200 cartons. haley believes that they will be able to reduce safety stock to a 1-week supply. what impact will these changes make to haley’s average inventory level and its average aggregated inventory value?