Jack owns a local trucking company. With fuel costs being expensive, Jack wants to evaluate how much fuel, on average, he should store in his 6,542 gallon fuel tank. Each year Jack uses 30,117 gallons of diesel (usage is spread evenly throughout the year). Jack knows with certainty that he can have a load of fuel delivered in 4 days. The price of fuel is $3.37 per gallon and there is a separate $195 ordering fee per order. Jack thinks his holding cost per unit is 5%. If Jack orders at EOQ, what will be the average inventory of fuel in his 6,542 gallon tank

At the end of the current year, $59,500 of fees have been earned but have not been billed to clients. required: a. journalize the adjusting entry to record the accrued fees on december 31. refer to the chart of accounts for exact wording of account titles. b. if the cash basis rather than the accrual basis had been used, would an adjusting entry have been necessary?

Suppose that the world price of steel is $100 a ton, india does not trade internationally, and the equilibrium price of steel in india is $60 a ton. suppose that india now begins to trade internationally. the price of steel in india the quantity of steel produced in india a. does not change; does not change b. falls; increases c. falls; decreases d. rises; decreases e. rises; increases the quantity of steel bought by india india steel. a. increases; exports b. decreases; imports c. decreases; exports d. does not change; neither imports nor exports e. increases; imports

Why do police officers get paid less than professional baseball players?